Thursday, 8 November 2012

Individual wealth to double in 4 years:Karvy report.



Total individual wealth in India is expected to nearly double to Rs 179 lakh crore by FY-16 from the current Rs 92.26 lakh crore. This wealth is expected to increase on account of existing wealth giving returns on investment and additional wealth invested from household savings, said the India Wealth Report by Karvy Private Wealth. Direct equity is expected to be the largest asset class followed by insurance and fixed deposits and bonds. In FY-12, Indian wealth in equities is 27.39 per cent, a decrease from 31.80 per cent in FY-11. Indian wealth in debt has increased to 72.35 per cent ( 67.86 per cent). However, alternate asset classes have shrunk by 17 per cent over the last year. Within this asset class, gold, real estate and private equity have grown significantly. India Wealth Report, however, expects alternate assets to grow more than 3 times by FY-17.
Households in the Ultra High Net Worth Individuals segments and mass affluent household segment account for 60 to 70 per cent of the entire wealth held by individuals.

Wednesday, 7 November 2012

CLERICAL CADRE RECRUITMENT 2012-13


Recruitment of Clerical Cadre – 2012-2013
The Karur Vysya Bank Limited, a leading Private Sector Bank in India
invites online applications for appointment of Clerical cadre from the
qualified candidates who have a valid score card issued by IBPSCWE.
Opening Date of Online Registration 07.11.2012
Last Date of Online Registration 21.11.2012
Payment of Application Fees 07.11.2012 to 21.11.2012
Eligibility Criteria
01.Academic Qualification : As on 30.09.2012
Any Bachelor degree (10 + 2 +3 pattern) in Second class (with 50% and above marks in aggregate)
- From a recognized University in India or any equivalent qualification recognized as such by
Central Government. (Qualification obtained through Correspondence and Open University
are not eligible)
Computer Knowledge: Minimum three months computer course for Non-computer
graduates.
02.Age Limit: As on 30.09.2012
For Graduates: :Minimum 21 years and not more than 28 years as on 30.09.2012
(Relaxation of 5 years for SC/ST candidates)
For Post Graduates / Double Degree Graduates:
Minimum 21 years and not more than 30 years as on 30.09.2012
(Relaxation of 5 years for SC/ST candidates)
03. Application Fee ( Non-Refundable )
For All Candidates (Except SC/ST) Rs.250/-
For SC/ST Candidates Rs.100/-
Contd..2
- 2 -
Requisite Application Fee may be paid
1. By Cash : At any of the Branches of The Karur Vysya Bank Limited, by means of a
Payment challan as per the format given on the Bank’s website.
2. Through NEFT (NATIONAL ELECTRONIC FUNDS TRANSFER) at any Bank branch
i. Account No. 1101351000000947
ii. Account Name: “KVB-RECRUITMENT PROJECT”
iii. IFSC Code: KVBL0001101
iv. Bank: The Karur Vysya Bank Limited, Central Office, Karur
3. Demand Drafts, Cheques, Money Orders, Postal Orders, Pay Orders, Banker’s Cheques,
postal stamps, etc., will not be accepted
4. The payment towards application fee by CASH (KVB) / through NEFT Payment can be
made between 07.11.2012 and 21.11.2012.
5. The KVB Fee payment challan / NEFT Receipt contains two parts. The first part will be
retained by the Branch. The candidate’s copy of the fee payment challan/ NEFT receipt
must be retained with the candidate after the necessary details such as Voucher number /
NEFT UTR No., Branch Code etc. are filled in by the bank official. At the time of
Personal Interview, candidates need to submit the original fee payment receipt i.e.
KVB CASH PAYMENT Challan / NEFT Receipt. Without original Cash Payment challan /
NEFT receipt the candidate WILL NOT BE ALLOWED to appear for interview. Candidates
are advised to keep a photocopy of the fee payment for future use.
6. Application once made will not be allowed to be withdrawn and fee once paid will NOT
be refunded under any circumstances nor can it be held in reserve for any other future
selection process.
04. Mode of Selection :
IBPS SCORE CARD (CWE) : Candidates who are having valid score card with 125 marks and above
obtained in Common written Examination for Recruitment of Clerical cadre conducted by IBPS in
2011 can apply.
Depending upon the number of vacancies, the Bank reserves the right to call only those
candidates who have sufficiently high IBPS score in the stipulated Common Written
Examination for Interview.
Eligible candidates will be called for Personal Interview (Date of Interview and Venue will
be informed by the Bank to the individual candidates through e-mail only)
05. EMOLUMENTS: - As per IBA Norms
06. PROBATION PERIOD: 6 months
Contd…3
- 3 -
07. HOW TO APPLY
a) Candidates are required to apply online through website www.kvb.co.in ( careers
page) . No other means/ mode of application will be accepted.
b) Candidates should ensure that their personal email ID (as specified in the online application
form while applying for CWE conducted in 2011) is to be kept active. Bank may send call
letters for interview to the registered e-mail ID.
c) Thereafter, open the link available in careers page “CLERICAL CADRE
RECRUITMENT 2012-13”
d) Payment challan link is available in the careers page of our bank website
www.kvb.co.in
08. General Instructions
(a) Before applying for the post, the candidate should ensure that he/she fulfils the eligibility
and other norms mentioned in this advertisement. Decision of the Bank in all matters
regarding eligibility of the candidate, the stages at which scrutiny of such eligibility is to be
undertaken, the documents to be produced for the purpose of the conduct of Personal
Interview, selection and any other matter relating to recruitment will be final and binding
on the candidate. No correspondence or personal enquiries shall be entertained by the
bank on this behalf.
(b) Mere invitation by the Bank for the Personal Interview shall not imply that the Bank has
been satisfied beyond doubt about the candidate’s eligibility. Candidates who do not
satisfy the eligibility criteria and who do not produce the photocopies as well as the
originals of all the documents required to be submitted and as advised in this notification
as well as in the Interview call letter, for any reason, whatsoever, shall not be permitted to
participate in the Personal Interview, even though they may have obtained the desired
level of score in the Written examination and have been called for interview.
(c) Mere eligibility will not vest any right on the candidates for being called for Interview.
Bank’s decision in the matter of selection will be final. In case it is detected at any stage of
recruitment that a candidate does not fulfill the eligibility norms and/or that he/she has
furnished any incorrect/false information/certificate/documents or has suppressed any
material fact(s), his/her candidature will stand cancelled. If any of these shortcomings
is/are detected even after appointment, his/her services are liable to be terminated.
(d) Eligible candidates will be called for Personal Interview and they should appear for
interview at their own expenses/cost at places / dates notified by the Bank.
(e) Candidates selected for appointment will be on probation for 6 months.
(f) Candidates are selected are liable to be placed in any place in India as per the
administrative requirements and discretion of the Bank.
(g) Appointment of selected candidates is subject to his/her being declared medically fit as
per the requirement of the Bank. Such appointment will also be subject to the Service &
Conduct Rules of the Bank.
*********
Key word:CLERICAL CADRE RECRUITMENT 2012-13in KVB

Sunday, 4 November 2012

Solar Powered ATM.


Now a days it is most important and useful one,during power cut period and also it is very useful for people who lives in remote areas where electric line was not installed so far.It plays key role in power saving thereby reducing cost for electric charges.

IndusInd Bank plans to triple the number of solar-powered ATMs in its network in the next two years, Romesh Sobti, Managing Director & Chief Executive Officer, has said.

Plans are afoot to increase the bank's overall ATM network strength to 1,500 ATMs in 2 years, of which at least one-fifth would be solar-powered, Sobti told Business Line on the sidelines of an event here.

Currently, IndusInd Bank has 750 ATMs, of which 100 are solar-powered.

"We are the only bank in the country to have solar powered ATMs. Every solar powered ATM is 20 per cent more expensive (than normal). Over 10 years, it is economically viable," he said.

He pointed out that corporate social responsibility has sustainability elements and saw solar powered ATMs as part of this effort.

Sobti was in the Capital for the launch of a unique platform "Treasures of Rajasthan", which is being brought to the Capital by the Maharaja Sawai Man Singh II Museum Trust.

IndusInd Bank is sponsoring the first edition of this exposition, which will showcase heritage and boutique travel destinations along with exquisite crafts of Rajasthan.
Keywords: solar technology,IndusInd Bank, IndusInd Bank ATMs, IndusInd Bank solar powered ATMs.

Sun day tips-04/11/2012

 Buy on Monday  and earn 08% profit with in 10 trading session with stocks recommended below:-
1.Amar remedy=Rs 38.45,
2.ITC=Rs 285.00
2.Sakthi Sugar=Rs 31.00.


Saturday, 3 November 2012

City Union Bank Ltd-rights issue.



City Union Bank Ltd (CUB) has announced a rights issue at one new share for every four equity shares held in the company at Rs 20 a share. The price includes a premium of Rs 19 a share.

The record date for the rights issue has been fixed as November 23.

According to a press release from the company, “for the first time in the industry”, the bank has reserved a portion of the issue for its employees.

3% RISE IN PROFIT

The bank has posted a 3.8 per cent growth in net profit at Rs 80.42 crore for the quarter ended September 30, 2012, against Rs 77.5 crore in the comparable quarter in the previous year.

Total income was at Rs 596 crore (Rs 460.24 crore).

Gross NPA (non-performing assets) stands at 1.24 per cent and net NPA at 0.60 per cent. Current capital adequacy ratio is at 13.26. Book value a share stands at Rs 34.14.

The bank’s shares closed the week on Friday at Rs 59.70 from the previous day’s close of Rs 58.75 on the BSE..
Key word:City Union Bank Ltd-rights issue.