Thursday, May 13, 2021

Bassein Catholic Co-Operative Bank Job Opening May 2021

 Bassein Catholic Co-Operative Bank Limited is a leading Scheduled Co-Operative Bank holding AD-1 License for Forex Business having 64 Branches with Business mix of around Rs. 12,000 Crores. The Ban is hiring talented and ambitious individuals for the following positions.

  1. General Manager (Portfolio 1)
  2. General Manager (Portfolio 2)
  3. Chief Financial Officer (CFO)
  4. Chief Risk Officer (CRO)
  5. Deputy General Manager – Legal & Recovery
  6. Chief Manager / Assistant General Manager - HR
  7. Manager / Chief Manager – Trade Finance
  8. Deputy Manager / Manager / Chief Manager – Credit
  9. Deputy Manager / Manager – Legal
  10. Deputy Manager / Manager – Audit / Branch Operations / Business Development
  11. Manager – Administration & Estate
  12. Manager – Network & Infrastructure
  13. Flexcube Developer
  14. System Administrator
  15. Support Engineer (OBDX Mobile & Internet Banking)
  16. IT Support Engineer
  17. Assistant Manager I (Chartered Accountant) / Assistant Manager II (Graduate)
  18. Board Secretary
  19. Executive Assistant
  20. Typist (English & Marathi)
  21. Architect On Contract


Apply Online

There are 21 different positions to be applied for , Click on the job links ranging from Serial no 1 to Serial No 21 to know more details about the job.

Last date to Apply for Bassein Catholic Co-Operative Bank is 23rd May 2021

Saturday, August 22, 2020

Union Bank of India to raise INR 10,000 Crores


Union Bank of India  has reported a standalone net profit of INR 333 Crores for the quarter ended June 2020. This figure can not be compared with the previous year results of the Bank as from April 2020 two other Public sector banks have been merged with the Mumbai Headquarters Union Bank of India viz. Andhra Bank and Corporation Bank.

MD an CEO of Union Bank of India Shri Rajkiran Rai said that bank will raise Rs. 10,000 Cores from the market which may include selling the shares to staff of the combined bank under Employee Stock Options.

Wednesday, August 19, 2020

New and Latest Mechanism to Tackle Banking Hacks in the Works

 The government is in the process of setting up a system to secure the country's financial sector from cyber attacks after agencies pointed to its vulnerability due to the increase in number of digital transactions over the past few months on account of Covid-19, and threats form hostile countries such as China and Pakistan, three officials aware of the plans said.

At present , the Indian Computer Emergency Response Team ( Cert-In ) deals with all the types of cyber security threats but officials in teh administration have been discussing the need for a specilised agency, which could be called Cert-Fin, the officials said" The government may set up a Computer Emergency Response Team for Financial Sector ( Cert-Fin )...but a final decision is awaited as the government wants take a comprehensive view for cyber security" a second official said. A third official said cyber security  in general tops the government's agenda since it can disrupt social and political harmony and dislocate financial systems.


It will be good for banking industry especially in India where they are hesitant to invest in technology especially the India Public Sector banks. We have seen the case of COSMOS Bank ATM heist online fraud and money transfer 5 years back. Hence a better security will save the day for the banks.

Tuesday, August 11, 2020

General Awareness - Banking & Financials Updates, August 10, 2020

Bank employees' union AIBEA urged the RBI Governor to review the decision to appoint K V Kamath as the head of a committee to oversee debt recast, alleging that the name of former ICICI Bank chairman reportedly appears in the FIR filed in a case against Chanda Kochhar. AIBEA, in a letter to RBI Governor Shaktikanta Das, alleged that as per media reports, in the FIR filed by the CBI, in addition to the name of former MD of ICICI Bank Chanda Kochhar, the name of Kamath also appears. -Economic Times

 Bank of Baroda on August 10 posted a net loss of Rs 864.3 crore for the June quarter 2020 due to provisioning on standard accounts. The bank's profit was at Rs 709.6 crore in the corresponding period last fiscal.

 Union Bank of India today announced a cut in its MCLR by up to 15 basis points across various tenors, effective August 11. The lender has reduced its 1-year MCLR to 7.25% from 7.40%, a release said. -Business Line

 ICICI Bank today said it has launched an institutional share sale offering that will see the bank raise as much as ₹15,000 crore (approximately $2 billion). -Livemint

 Kotak Mahindra Bank today said that it has complied with RBI's guidelines on promoter shareholding, within the prescribed timeline. -Livemint

 ICICI Bank has taken possession of Mantri Developers' 30,000 square feet (sq ft) corporate office in Bengaluru over non-payment of dues, a notice issued by the bank said. 

The RBI’s move on one-time loan restructuring will help soften the pandemic’s impact on the asset quality of banks, with major beneficiaries being the sub-₹500 crore corporate exposures and retail exposures, according to Crisil Ratings. -Business Line

 The Government told the Supreme Court today that spectrum of the bankrupt telcos who owe statutory dues cannot be sold, raising a cloud over resolution plans of RCom and Aircel. The DoT has filed an appeal in SC against sale of airwaves, which if accepted, will break down all asset monetisation plans and deal a blow to lenders. -Economic Times

 For the first time in over 4 years, the equity schemes of mutual funds registered an outflow of ₹2,489 crore in July, on the back of huge redemption and negative returns delivered by most schemes. In fact, about 78% of the active equity schemes had given a negative return this year. In March, 2016 equity funds (including ELSS) logged a outflow of ₹900 crore. -Business Line

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