Tuesday, September 15, 2009

United Bank`s IPO likely in Jan 2009

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The state-owned lender United Bank of India, is likely to come out with its initial public offering (IPO) by the 1st week of January, 2009, as per its executive director, TN Bhasin, reports Financial Express.


The bank said it would offer 50 million shares of face value Rs 10 each. The bank had requested the govt for infusing of Tier-I capital of Rs 8 billion. “This is in addition to Rs 5.5 billion of innovative perpetual debt instrument expected to be infused in 2009-10.“ said the bank.

Following the capital infusion, the statement said the bank was confident of maintaining capital to risk asset ratio of over 12% till March 2012.

OBC | Oriental Bank of Commerce | OBC requires Probationary Officers | www.obcindia.co.in | OBC Probationary Officers | OBC jobs | Govt Bank Job

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Oriental Bank of Commerce (OBC) - (A Government of India undertaking)

Oriental Bank of Commerce (OBC) invites online applications from Indian citizens for 313 posts of - Oriental Bank of Commerce (OBC) Probationary Officers

Oriental Bank of Commerce (OBC) ) Probationary Officers Job IMPORTANT Dates : -

Opening of Online submission of Applications for Oriental Bank of Commerce (OBC) Probationary Officers Job: 10th October, 2008

Last date for Online Submission of application of Oriental Bank of Commerce (OBC) Probationary Officers Job: 3rd November, 2008

Oriental Bank of Commerce (OBC) Job Post - Probationary Officer

Oriental Bank of Commerce (OBC) Probationary Officers Job Grade/ Scale - JMGS-I

Oriental Bank of Commerce (OBC) Probationary Officers Job Scale of Pay + allowance & perquisites as applicable - 10000-18240 (under revision)

Oriental Bank of Commerce (OBC) Probationary Officers Job Age - Minimum age - 21 years & Maximum age - 30 years as on 01.10.2008 i.e. applicants should have been born between 01.10.1987 & 30.09.1978 (both days inclusive)

Oriental Bank of Commerce (OBC) Probationary Officers Job Eligibility Criteria -

Educational Qualification for Oriental Bank of Commerce (OBC) Probationary Officers Job

Minimum 60% marks for Science graduates (55 % for SC/ST/PWD) & 55% for graduates in other streams (50% for SC/ST/PWD) in aggregate from a recognized University or any equivalent qualification recognized as such by the Government of India with the same percentages as stipulated above.

Candidates with additional qualifications as MBA, CA, CFA , MCA etc. shall be preferred.

The candidate must possess the requisite educational qualification as on 01.10.2008

Computer Literacy - The basic knowledge in operating computer systems in Windows mode, knowledge of MS-Word/Office, Spread Sheets like MS-Excel and Internet & Email familiarity is an essential qualification which a candidate must either possess before joining the bank services or acquire the same within a period of 6 months of joining the bank, in case the candidate is selected for appointment. For this purpose, the candidate is required to submit a certificate in support of this computer related qualification.

Oriental Bank of Commerce (OBC) Probationary Officers Job Selection Procedure -

The selection will be made on the basis of performance in written test and interview. The details of the written test shall be communicated to the candidates in advance.

WRITTEN TEST

OBJECTIVE TESTS (DURATION - 135 MINUTES)

1) Test of General Awareness : No. of Questions : 50, Medium of Exam - English & Hindi

2) Test of English : No. of Questions : 50, Medium of Exam - English

3) Test of Quantitative Aptitude : No. of Questions : 50, Medium of Exam - English & Hindi

4) Test of Reasoning : No. of Questions : 75, Medium of Exam - English & Hindi

Note: The candidates shall be required to qualify in each objective test as per cut-off marks determined on the basis of Group Performance in each test subject to minimum 40% marks (35% in case of SC/ST/OBC/PC candidates) in aggregate out of 200 marks of the objective test. Wrong answers given in the objective test will result in negative marks.

Descriptive for Test Oriental Bank of Commerce (OBC) Probationary Officers Job

It will consist of 4 questions out of which the candidates are required to attempt 3 questions only. The test will be of 60 marks (i.e. 20 marks for each question). The minimum passing marks would be 40% for General Category candidates and 35% for SC, ST, OBC and PC candidates. Time duration for the test will be 45 minutes. However, the test will be only qualifying and the marks obtained therein shall not be reckoned for preparing the merit list. The candidates shall have the option to answer the descriptive test either in English or Hindi. Further, the descriptive paper will be evaluated to the extent of around 5 times the number of vacancies based on the merit ranking of the objective test.

Wherever written examination is held, the blind candidates and candidates whose writing speed is affected by cerebral palsy can use own scribe at their cost during the written examination. In all such cases where a scribe is used, the following rules will apply:

The candidate will have to arrange his own scribe at his own cost

The academic qualification of the scribe should be one grade lower than the stipulated eligibility criteria

The scribe can be from any academic stream

The scribe should possess 60% or less marks in his own academic stream.

Both the candidate as well as the scribe will have to give a suitable undertaking, confirming that the scribe fulfils all the stipulated eligibility criteria for a scribe as mentioned above. Further, in case it later transpires that he did not fulfill any of the laid down eligibility criteria or suppressed material facts, the candidature of the applicant will stand cancelled, irrespective of the result of the written test.

Such candidates who use a scribe shall be eligible for extra time of 20 minutes for every hour of the examination.

How to apply for Oriental Bank of Commerce (OBC) Job

Application fee may be paid in cash at any of the Bank’s Core Banking Solution (CBS) Branches. After payment, the candidate must collect the payment receipt; the particulars thereof are to be quoted in the application and the original receipt must be produced along with the call letter at the time of the written test.

To apply, candidates should log onto our website www.obcindia.co.in

No other means/mode of application will be accepted.

Oriental Bank of Commerce (OBC) Job - The last date of registering applications on-line is 3.11.2008. Application registration on our website will be open from 10.10.2008 to 3.11.2008.

Oriental Bank of Commerce (OBC) Job Guidelines for filling Online Applications :

Candidates should have a valid email id. This will help him/her in getting call letter/ interview advices etc. by email.

Candidate must ensure that on deposit of fee, the branch issues him a receipt which should invariably mention under-noted items :

(i) Receipt No. (ii) Branch Name (iii) Branch Code No. (iv) Date of deposit and (v) Amount

The payment of fees should be made on or before 3.11.2008. This date will be same for the candidates belonging to far-flung areas.

Applications once made will not be allowed to be withdrawn and the application fee/ postage once paid shall not be refunded nor shall it be held in reserve for any other examination.

Candidates should keep a copy of the Application Printout and Payment Receipt (Receipt No.) for their record. An ‘Information Handout’ will be sent to the candidates alongwith the call letter for written test. Candidates serving in Government / Quasi Govt. offices, Public Sector Undertakings including Nationalised Banks and Financial Institutions will be required to submit ‘No Objection Certificate’ from the employer at the time of interview, failing which their candidature may not be considered and travelling expenses, if any other admissible, will not be paid. Original payment receipt will have to be submitted with the call letter at the time of written examination.

Oriental Bank of Commerce (OBC) - Head Office : Human Resource Development Department, Harsha Bhavan, E-Block Connaught Place, New Delhi - 110001

Oriental Bank of Commerce (OBC) Job Apply Online : www.obcindia.co.in

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