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Budget 2017: Retirees may get assured 8 percent on pension

Admin| Feb 02, 2017 - 10:44 PM

Budget 2017: Retirees may get assured 8 percent on pension

MUMBAI: Lower interest rates need not worry those on the verge of retiring or have just retired. The government plans to provide pension benefits with an assured return of 8% through Life Insurance Corporation to those above 60 as it pushes social security in a country where most do not even have jobs in the organised sector.

The scheme would provide 8% return for 10 years. The scheme, similar to the Varishtha Pension Bima Yojana, is an immediate annuity plan and will be open for subscript......

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Union Budget 2017: Why salaried class deserves standard deduction

Admin| Jan 31, 2017 - 10:54 PM

Union Budget 2017: Why salaried class deserves standard deduction

It’s shocking but true only 1% of a billion plus Indians pay taxes.

The reasons are manifold ­ such as a huge parallel economy, which the government is trying hard to tackle or that agricultural income is tax free in an agrarian dominant society.

Contrast this: Super rich farmers don’t have to cough up a single paise as tax, while the salaried class bear its full brunt.

Unlike self-­employed individuals (be it business persons or professionals), salaried employees only enj......

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HDFC Bank lets go of 4,500 employees in Q3

Admin| Jan 29, 2017 - 11:15 PM

HDFC Bank lets go of 4,500 employees in Q3

MUMBAI: HDFC Bank, India’s most valuable lender, let go of nearly 4,500 employees in the October­-December quarter as earnings growth fell to an 18­year low and costs became a big focus area.

The employee reduction is probably the largest by the bank in a single quarter and is likely to continue if the economic recovery does not quicken, say analysts. The bank indicated that future hiring pace could slow as it focusses on productivity through various measures including accele......

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Investment bankers won’t get million dollar annual bonuses this year

Admin| Jan 23, 2017 - 11:03 PM

Investment bankers won’t get million dollar annual bonuses this year

MUMBAI: With $336 million of total revenue in 2016, the lowest for investment banks in the last five years, million-­dollar annual bonuses have all but vanished. Shrinking business has not only taken a toll on team sizes, but annual payouts as well.

Global banks such as Citi, JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley among others have announced annual bonuses — none in seven figures, according to bankers and head hunters.

Annual payouts for most g......

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YES Bank to have gamification round to hire at premium B-schools

Admin| Jan 11, 2017 - 10:04 PM

YES Bank to have gamification round to hire at premium B-schools

YES Bank has introduced a game-based evaluation round in addition to group discussions and interviews during the hiring process at premium B-schools across India. 

The private bank’s flagship campus initiative called YES Professional Entrepreneurship Program (YPEP) in its 11th year is visiting India’s top B-Schools including IIMs, ISB, XLRI, NITIE, SPJIMR and IITs to onboard talent. 

The bank has partnered with AbleVentures (human resource consulting and assessment firm ......

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To avoid wrongdoings, banks conducting sting on employees

Admin| Jan 10, 2017 - 12:42 AM

To avoid wrongdoings, banks conducting sting on employees

MUMBAI: A prospective customer walked into the rural branch of one of India’s largest banks last month. He wanted to exchange Rs 5 lakh in old currency notes with new ones for a 50 per cent ‘fee’. One bank employee agreed, not knowing it was a trap that was part of a broader cleanup exercise by the bank itself.

Private sector banks, including multinationals, are seeking to prevent wrongdoing by employees and keeping them under scrutiny after multiple reports of alleged fr......

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SBI Recruitment 2017 On 06 Senior Manager Law Posts

Doonedin Inc | Jan 09, 2017 - 12:23 PM

SBI Recruitment 2017 On 06 Senior Manager Law Posts

State Bank of India (SBI) has released notification for the recruitment on  posts of Senior Manager (Law) in Specialist Cadre Officer. Candidate should have degree graduate in law can apply for these posts. The last date to apply is on or before 7th January 2017.

Notification / Advt Number:- CRPD/SCO/CON/2016-17/13

Name of Post:- Senior Manager (Law)

  • Age Relaxation will be given according to the category basis.

Educational Qualification:- Candidate should have Gr......

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SBI Recruitment 2017:Apply Online For 11 Specialist Cadre Officer Post

Admin| Dec 30, 2016 - 10:57 PM

SBI Recruitment 2017:Apply Online For 11 Specialist Cadre Officer Post


State Bank of India Notification 2016 Vacancies For 11 Specialist Cadre Officer Posts

State Bank of India invites On-line application form eligible candidates for the posts of Chief Manager, Manager & Deputy Manager in Specialist Cadre Officer.

Vacancies Details......

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IBPS CWE RRB scale I, II and III Officers Main Exam Results Announced

Admin| Dec 21, 2016 - 10:46 PM

IBPS CWE RRB scale I, II and III Officers Main Exam Results Announced

The results for the CWE RRB scale I, II and III officers main exam has been announced by the Institute of Banking Personnel Selection (IBPS) on Tuesday. The last date to see the results is December 27. It will be removed from the website after that. The main examination was held on December 11. Candidates can check their results from the official website of IBPS.

How to check CWE RRB scale I, II and III officers main exam results: 

Visit the IBPS official website ibps.in

Click on the li......

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Demonetisation is bad news for you if you were planning a job change. Read why

Admin| Dec 16, 2016 - 12:24 AM

Demonetisation is bad news for you if you were planning a job change. Read why

Attrition levels across India Inc are likely to fall to their lowest in the past few years, as employees prefer to stay put in their current jobs amid a cautious sentiment induced by the cash crunch following demonetisation last month that has thrown businesses out of gear and led to a postponement of hiring plans.

With annual appraisals coming up, not many employees look to switch jobs at this time of the year in any case, experts said, but the number is likely to be lower still this time rou......

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