Ancient History video part1

Ancient History Part1Click here to watch Ancient History part1 video

Swabhimaan-Financial Inclusion

                       Swabhimaan-Financial Inclusion

Providing banking facilities across length and breadth of the country, particularly in rural areas, has always been a great challenge for the successive governments since Independence. Nationalisation gave a big boost to expansion of banks in rural areas with Public Sector Banks becoming important instruments for advancement of rural banking and changing lives of rural populace. However, financial inclusion remains one of the biggest challenges before our nation even today as only about 38% of bank branches are in rural areas and only 40% (approx.) of the country’s population have bank accounts. 

Though strides have been made in expansion of bank branches from around 8700 at the time of bank nationalization in 1969 to around 87,000 presently, only 32,000 (approx.) are in rural areas. The average population per bank branch is around 13,900. To address this need the Union Finance Minister in his Budget Speech 2010-11 directed all banks, to provide appropriate banking facilities to habitations having population in excess of 2,000 by March, 2012 using various models and technologies including branchless banking through Business Correspondents. Accordingly, the banks through the forum of State Level Banker Committees (SLBCs), have formulated their roadmaps for Financial Inclusion and have identified approximately 73,000 habitations having a population of over 2,000 for providing banking facilities. These habitations have been allocated to Commercial Banks, Regional Rural Banks and Cooperative Banks for providing banking facilities in a time bound manner. This would provide new bank accounts to around 5 crore rural households.

Accordingly, a nationwide programme on financial inclusion, “Swabhimaan” was launched in February, 2011 by the Government, which is focused on bringing the deprived sections of the society in banking network to ensure that the benefits of economic growth reach everyone at all levels. This campaign is a big step towards socio-economic equality by bringing the underprivileged segments of Indian population into the formal banking fold for the first time.

“Swabhimaan” is a path-breaking initiative by the Government and the Indian Banks’ Association to cover economic distance between rural and urban India. This campaign promises to bring basic banking services to 73,000 unbanked villages with a population of 2,000 and above by March, 2012 and at least 5 crore new accounts will be opened. The movement will facilitate opening of banks accounts, provide need-based credit, remittance facilities and help to promote financial literacy in rural India. The programme will increase the demand for credit among the millions of small and marginal farmers and rural artisans who will benefit by having access to banking facilities.

This financial inclusion campaign named, “Swabhimaan” aims at providing branchless banking services through the use of technology. The vision for this programme is social application of modern technology. Banks will provide basic services like deposits, withdrawals and remittances using the services of Business Correspondents also known as Bank Saathi. This initiative also enables Government subsidies and social security benefits to now be directly credited to the accounts of the beneficiaries so that they could draw the money from the Business Correspondents in their village itself. The Government hopes to reach the benefits of micro insurance and micro pension products to the masses through this banking linkage. It would now be possible for the large number of migrant workers in urban areas to remit money to their relatives in distant villages quickly and safely.

SBI Associate PO Result out

click here to view result
http://www.sbi.co.in/webfiles/uploads/files/1335769598404_ABPO_FINAL_RESULT_ENGLISH.pdf

SBI PO Vacancy 2012 (NEWS)

SBI and associate soon are coming with large no.of vacancy for PO.Recently one of the SBI associate bank declare that it will recruit 700 officer in this fiscal year.

http://www.thehindubusinessline.com/industry-and-economy/banking/article3353430.ece

Current affairs Quiz April 2012 ( Series 1)

Note-Give ur Answer in comment section ,Correct answer  with  explanation  will release by tomorrow.
Q1-What is the full form GAAR?
Q2-What is the name nuclear powered Submarine, recently included in Indian Navy?
Q3-What is NUHM?
Q5-who is winner of Myanmar Parliamentary seat ?
Q6-What is the name of New CMD of Union bank of India ?
Q7-From Which ISRO get 100 cr deal to launch a satellite recently ?
Q8-what is the name of finance secretory of India ?
Q9-What is name of newly appointed  chief justice of J and K ?
Q10-what is name of Nobel prize winner who,s banned by Israel govt from entering into Israel ?

IBPS CWE SO 2012 result out ( Only 16268 candidate qualified)

IBPS has declare 1st  specialist officer CWE exam result .
click on the

http://ibpsresults.sifyitest.com/ibpsresmay12/login.php


Approx 2,90000 candidate appeared in exam but only 16268 candidate are able to clear exam for 4000 expected posts. click here for more information
http://www.thehindubusinessline.com/industry-and-economy/banking/article3367641.ece

IBPS will declare marks of unsuccessful candidate after 15 days. 

Interview Tips for Bank Clerk Exam

Here are the frequently asked questions and the usual responses:

Tell me about yourself and your family.

Normally candidates present a picture of a poor family to get sympathy. They should come out with correct information.

What do you know about the bank?

Thanks to Web sites, candidates usually have all the information.

Why do you want to join as a clerk when you have done engineering/ biotechnology/ computer science, etc?

For this, almost every one says that from childhood he/she wanted to join a bank. If you ask why they did a technical course, then they say that their parents forced them to go for engineering.

Why are you applying for clerical post when you are eligible to apply for an officer's post?

While some say they have also applied for the same, the others say they would like to start from basics.

What are the functions of a bank?

Almost all are able to answer.

What are the various products offered by a bank?

Many find this difficult to answer.

What is the difference between savings bank account and current account?

Most are unable to answer.

Why a person should prefer a bank rather than a post-office for keeping deposits?

Most are unable to answer.

What are the activities of a bank other than taking deposits and lending money?

Many candidates struggle to answer.

Why are you applying only to nationalised banks?

Security of service.

Will you work anywhere in India?

The answer is, of course, yes. Married women claim they are willing to work in rural branches leaving behind their husband and child/children.

They prefer to give the ‘correct' answer rather than the ‘true' answer.

According to Mr Ramakrishnan, “Very rarely do we ask questions on the subject they have studied. We try to find out if: a) the candidate is really interested in banking as a career; b) he will stick to the job; and c) ordinary graduates/undergraduates stand a better chance of getting selected rather than highly qualified technical persons.

“Banks also look for people from a particular region.”

KNOW YOUR RANK IBPS CWE CLERK 2011

CLICK HERE FOR CLERK

http://kwiksurveys.com?s=LOJLOF_768cdfbe

Wants to know your IBPS CWE PO 2011 rank?

CLICK HERE TO TAKE A SIMPLE ONLINE SURVEY, IT WILL TAKE HARDLY 30 SECONDS.


http://kwiksurveys.com?s=LOJMOF_774eb589

Share Your success with us

share your success with us ,send a query regarding this on
rememberkrishna@gmail.com