The News Caravan

Tag: Bank

  • Bank Security Guard Shot At, Succumbs

    Bank Security Guard Shot At, Succumbs

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    SRINAGAR: A Bank Security Guard was shot dead by unknown gunmen at Achan area of Litter hamlet in South Kashmir’s Puwama district.

    Quoting an official the news agency KNO reported that militants fired upon a bank security guard in which he received injuries.

    He was immediately shifted to district hospital Pulwama for treatment where he was declared dead.

    Medical Superintendent of District Hospital, Pulwama, Dr Tula confirmed that the man was brought dead to the hospital.

    The slain has been identified as Sanjay Pandith, son of Kashi Nath Pandit of Achan.

    Meanwhile, the area has been cordoned off to nab the attackers.

    Previous articleBank Security Guard Shot At, Injured
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    #Bank #Security #Guard #Shot #Succumbs

    ( With inputs from : kashmirlife.net )

  • Bank Security Guard shot dead in Pulwama

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    Pulwama Feb 26: A Bank Security Guard was shot dead by unknown gunmen at Achan area of Litter hamlet in South Kashmir’s Puwama district.

    An official told the news agency—Kashmir News Observer (KNO) that militants fired upon a bank security guard in which he received injuries.

    He was immediately shifted to district hospital Pulwama for treatment where he was declared dead.

    Medical Superintendent of District Hospital, Pulwama, Dr Tula confirmed to KNO that the man was brought dead to the hospital.

    The slain has been identified as Sanjay Pandith, son of Kashi Nath Pandit of Achan.

    Meanwhile, the area has been cordoned off to nab the attackers—(KNO)

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    ( With inputs from : roshankashmir.net )

  • Bank Security Guard Shot At, Injured

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    SRINAGAR: Suspected militants on Sunday fired upon a Bank Security guard at Achan in South Kashmir’s Pulwama district.

    Quoting a senior police officer news agency GNS reported that militants this morning fired upon a person namely Sanjay Pandith son of Kashi Naath Pandith resident of Achan.

    The injured has been shifted to nearby hospital for further treatment. By occupation he is a Bank Security Guard, the officer added.

    Meanwhile whole area has been cordoned off to nab the attackers.

    Previous articleDiv Com, Commissioner SMC Hold Meeting With Trade Federations And Civil Society Bodies
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    ( With inputs from : kashmirlife.net )

  • G20 Finance Ministers & Central Bank Gov meeting

    G20 Finance Ministers & Central Bank Gov meeting

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    G20 Finance Ministers & Central Bank Gov meeting



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    #G20 #Finance #Ministers #Central #Bank #Gov #meeting

    ( With inputs from www.siasat.com )

  • J&K Bank Wins Top Award At MSME Banking Excellence Awards 2022

    J&K Bank Wins Top Award At MSME Banking Excellence Awards 2022

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    SRINAGAR: J&K Bank has emerged winner as Best MSME Bank, MSME Friendly Bank, Govt Schemes Implementing Bank, Best Branding Bank and Best Bank for Implementing COVID Schemes at a function of MSME Banking Excellence Awards – 2022 that was organized by Delhi-based Chamber of Indian Micro, Small and Medium Enterprises (CIMSME).

    Accompanied by General Manager (Credit) Ashutosh Sareen and Zonal Head (Delhi) Rakesh Magotra, Bank’s MD & CEO Baldev Prakash received the prestigious award at the hands of Chief Guest and Union Minister for Jal Shakti Gajendra Singh Shekhawat under ‘Private Bank’ category at a high profile event held on Thursday evening in New Delhi. Additional Secretary and Development Commissioner Union Ministry of MSME, Dr Rajneesh and President (CIMSME) Mukesh Mohan Gupta were also present on the occasion.

    Speaking on the occasion, MD Baldev Prakash said, “It is really a momentous occasion for us to have been conferred with all these prestigious awards under different categories of excellence at the august hands of honourable union minister in presence of bankers and industry notables from across the country. And I feel proud to attribute this achievement to the entire J&K Bank Family, whose everyday efforts on ground continue to be recognized and rewarded at prestigious platforms in the country.”

    Earlier, MD & CEO asserted that as a responsible financial institution J&K Bank understands that MSME sector plays a critical role in fostering entrepreneurship, generating huge employment opportunities by complementing the larger industry and is vital to the entire eco-system.

    Amid a round of applause on the occasion, he also shared the recent success story of J&K Government’s flagship programs, wherein effective financial intervention by the banks operating across the UT with overwhelming participation of J&K Bank generated employments benefiting 75000 people.

    Highlighting the Bank’s role further in promoting the inclusive and sustainable growth of economy through its effective financial intermediation with special emphasis on MSME sector, he said, “Such an assertion is evidenced by the fact that not only did we surpass the mandated Priority Sector Lending target of 40% by recording 45.19% achievement during the Financial Year 21-22, but we also recorded an achievement of 13.58% under lending to Micro Enterprises –almost double the regulatory stipulation of 7.5%.”

    He further said, “Moreover, being pro-active in mitigating the effects of COVID19 on our borrowers, so far we have provided incremental credit of Rs 2240 Cr under various Guaranteed Emergency Credit Line (GECL) schemes announced by the Central Government to around 43000 customers – across all sectors and segments.”

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    #Bank #Wins #Top #Award #MSME #Banking #Excellence #Awards

    ( With inputs from : kashmirlife.net )

  • Bank of India Recruitment 2023: Vacancy for 500 posts of Officer

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    Bank of India Recruitment 2023: Vacancy for 500 posts of Officer, Rs 63000 salary

    Interested candidates can apply online by visiting the official website of Bank of India bankofindia.co.in. The last date to apply is 25 February. Under this recruitment drive, about 500 vacant posts of the bank will be filled. Of these, 350 vacancies are for the post of Credit Officer in General Banking Stream and 150 vacancies are for the post of IT Officer in Specialist Stream

    Bank of India PO Recruitment 2023: Only one day is left to apply for Probationary Officer (PO) posts in Bank of India (BOI) . Interested candidates can apply online by visiting the official website of Bank of India bankofindia.co.in . The last date to apply is 25 February. Under this recruitment drive, about 500 vacant posts of the bank will be filled. Of these, 350 vacancies are for the post of Credit Officer in General Banking Stream and 150 vacancies are for the post of IT Officer in Specialist Stream. The salary for these different posts ranges from Rs 6,000 to Rs 63,840.

    Recruitment details

    As per the BOI notification, “The minimum qualifying marks for General/EWS category should be 40%. While the candidates belonging to SC/ST/OBC/PWD category will be entitled to a relaxation of 5% marks from the mark prescribed for General/EWS category candidates. Let us tell you that the bank can change its minimum qualifying marks.

     

    Age

    Candidates age limit should be between 20 to 29 years.

    Application fee

    GENERAL/EWS/OBC candidates have to pay an application fee of Rs 850. While for SC/ ST/ PWD candidates the application fee is Rs 175.

    Apply like this

    • To apply, first go to the official website bankofindia.co.in.
    • Then click on the career tab.
    • Then “Recruitment of Probationary in JMGS-I upon passing Post Graduate Diploma in Banking & Finance(PGDBF) Project No. Click on “2022-23/3 Notice dated 01.02.2023”.
    • Register yourself and proceed.
    • Pay the application fee.
    • Upload all the required documents.
    • Submit now and take a print out for future reference.

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    ( With inputs from : kashmirpublication.in )

  • With Banga nomination, top World Bank positions to held by Sikhs

    With Banga nomination, top World Bank positions to held by Sikhs

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    Washington: With US President Joe Biden nominating Ajay Banga, the former Indian American head of Mastercard, to head the World Bank, the top posts in the global financial institution will be held by Sikhs.

    Before Banga, who is slated to take up job – which, by convention, been reserved for a US citizen – this May, the World Bank already has a Sikh in a top post, with Indermit Singh Gill its Chief Economist.

    He is primarily known for pioneering the concept of the “middle-income trap” to describe how countries stagnate after reaching a certain level of income.

    Gill, an Indian citizen, studied at St Paul’s School, Darjeeling and St. Stephen’s College, Delhi – where he was probably just a year (or perhaps two) junior to Banga.

    Like Banga, Gill is also the son of a senior Indian Army officer.

    Before taking over as Chief Economist on September 1, 2022, Gill served as the World Bank’s Vice President for Equitable Growth, Finance, and Institutions, where he played a key role in shaping its response to the extraordinary series of shocks that have hit developing economies since 2020. Between 2016 and 2021, he was a professor of public policy at Duke University and a non-resident senior fellow at the Brookings Institution’s Global Economy and Development program.

    Widely regarded for his contributions to development economics, Gill spearheaded the influential 2009 World Development Report on economic geography, as per his World Bank profile. He has published extensively on key policy issues facing developing countries among other things, sovereign debt vulnerabilities, green growth and natural-resource wealth, labour markets, and poverty and inequality.

    Gill has also taught at Georgetown University and the University of Chicago. He holds a Ph.D. in economics from the University of Chicago

    Biden’s nomination of Banga follows his Democratic predecessor, Barack Obama nominating Korean-American ‘Jim’ Yong Kim for World Bank chief to ensure that the World Bank is headed by someone with a developing-country background

    Biden was then Vice President.

    If confirmed by the World Bank Board, Bang will be the first person of Indian descent to head the World Bank. He will succeed David Malpass, who was appointed to head the bank by then President Donald Trump.

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    ( With inputs from www.siasat.com )

  • JK Bank Finance Scheme For Children’s Check Features

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    FEATURES & BENEFITS

    • Monthly Installment          Rs. 100/- and its multiples.
    • Tenure                                  7, 9 and 10 years as recurring (Phase-I) and 5 , 7 and 10 years respectively as term deposit (Phase-II).
    • Interest rate                        Fixed. Interest rates as per the rates prevalent at the beginning of the respective phases.
    • Interest application             Quarterly compounded interest.
    • Interest payouts                 On maturity
    • Add- ons

    Accidental Insurance Cover for the Parent / Guardian (linked to the size of monthly deposit amount).

    • Premature withdrawal       Allowed with penalty.

    ELIGIBILITY

    • Minor through parents/guardian.
    • A person in his/her name.

    DOCUMENTATION

    • Application Form
    • Photograph of Parent/ Guardian/ depositor (2 copies)
    • Documents as  per KYC Norms(of Parent/ Guardian)
    • Minor’s birth certificate (for minors only)
    • Guardianship proof for Legal Guardian (Court Decree)(For minors only)
    • Minor Declaration signed by the Parent/Guardian( For minors only)
    • PAN Card or Form 60 or 61
    • Any other related documents as applicable to Minors.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    Click here for rate of Interest

    FAQS

    • What is the eligibility for opening an account under Child-care Deposit Scheme 
      of J&K Bank?
      Accounts under this scheme can be opened in the name of minor jointly with Parents/ Guardian. Individuals can also open accounts under the scheme in their own names.
    • What is the amount of monthly installment required to be deposited in Phase-I?
      You can deposit a fixed monthly installment of Rs 100 and above in multiples of Rs 100.
    • What are the tenures for which the accounts can be opened?
      You can open an account for the following 3 tenures- 12, 16 ort 20 years, comprising of 7, 5, or 10 years of phase I which is in the nature of recurring deposait and 5, 7 or 10 years respectively of Phase II which is in the nature of Cash Certificate.
    • Is interest under this scheme applied on Simple or Compound basis?
      Interest compounded quarterly is provided under this scheme.
    • Can I withdraw my deposit prematurely?
      Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.
    • Is loan facility available against the deposit?
      Loan facility can be provided after deposit completes its first phase i.e. after entry into the 2nd phase, bank can allow loan not exceeding 90% of the amount accumulated at the time of first phase.

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    The post JK Bank Finance Scheme For Children’s Check Features and Benefits appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • J&K Bank Solar Equipment Finance Scheme Check Eligibility

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    PURPOSE

    • For Purchase & Installation Of Off-Grid Solar Lighting & Photo –Voltaic Systems (Solar Inverters). The Finance Shall Be Granted For The Purchase Of The System From Authorized Dealers Of Reputed Companies.

    ELIGIBILITY

    • Confirmed Employees of: Government /Semi-Government Departments/Bodies/Agencies & Public Sector Undertakings.
    • Permanent Employees of Private Companies or Reputed Establishments with minimum 2 years association with the Current Employer and maintaining salary account with us.
    • Professionals, Self Employed Individuals & Businessmen with at least 2 years of experience in profession/business
    • Retired Govt. Employees with age not more than 70 years on maturity of loan.
    • Persons engaged in agricultural and allied activities.

    QUANTUM OF FINANCE

    • Individuals: 12 times net monthly salary/ pension / income.
      Persons engaged in agricultural and allied activities: Maximum of 2 times net annual income as certified by concerned Tehsildar.
    • The maximum quantum of finance shall not exceed Rs 50000.00

    MARGIN

    • Nil

    SECURITY

    • Primary
      Nil
    • Collateral
      Nil for Employees of J&K State Govt. / Central Govt. / Semi Govt. Departments/ Bodies/ Agencies and PSU’s maintaining salary accounts with our Bank.
    • For others- Third Party Guarantee of ONE person acceptable to Bank and having sufficient net worth to withstand the liability.

    PROCESSING CHARGES

    • Rs. 500.00 plus applicable GST.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • Fixed rate of interest @ 3 year MCLR plus 3 % with monthly rests.

    Click here for rate of Interest

    TENOR

    • Maximum Tenor of Loan shall not exceed 36 months.

    F112F5FA 168C 4ADB 9222 DB1B840B9CF4

    The post J&K Bank Solar Equipment Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    ( With inputs from : kashmirpublication.in )

  • JK Bank Loan Scheme For The Purchase Of New Cars

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    To provide finance for purchase of new cars/vans/jeep/SUV/MUV, fuel operated as well as electric cars, for Private Use only at:

    “Ex-Showroom” Prices

    OR

    “On Road Prices” wherever opted by Borrower(s) shall mean Ex-Showroom Prices plus:

    • One Time Registration Charges
    • First Insurance Premium
    • Cost of Accessories (should be limited to 10% of Ex-Showroom Price).

     

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    #Bank #Loan #Scheme #Purchase #Cars

    ( With inputs from : kashmirpublication.in )