Central Bank of India (CBI) is a prominent public sector bank established on December 21, 1911, with a distinguished legacy of being the first Indian commercial bank wholly owned and managed by Indians. Founded by Sir Sorabji Pochkhanawala, the bank was proclaimed as the “property of the nation and the country’s asset”. Key Characteristics. The bank offers a comprehensive range of financial services, including retail banking, corporate banking, agricultural loans, personal banking products, and digital banking solutions.
Operational Reach
Total Branches: 4,541
Presence across 28 states and 7 Union Territories
Serves individuals, MSMEs, and large corporates
Latest News on Central Bank of India
India’s forex reserves touch a record high of $676 billion, according to the RBI.
India’s foreign exchange reserves have witnessed a significant surge, jumping by $10.872 billion to $676.26 billion in the week ending April 4, marking the fifth consecutive week of gains. This growth is a stark contrast to the previous trend, where reserves had been slipping for about four months, reaching a mere 11-month low. The latest gains have brought the reserves up from their all-time low, indicating a strengthening of the Indian economy. The Reserve Bank of India (RBI) has intervened to prevent a sharp depreciation of the Rupee, which has fallen to an all-time low against the US dollar.
The RBI’s foreign currency assets, the largest component of foreign exchange reserves, stood at $574.08 billion, while gold reserves totaled $79.36 billion. The reserves are sufficient to cover approximately 10-11 months of projected imports. In 2023, India added $58 billion to its foreign exchange reserves, reversing the cumulative decline of $71 billion in 2022. In 2024, the reserves have risen by over $20 billion. Foreign exchange reserves are assets held by a nation’s central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
The RBI actively manages liquidity, including selling dollars, to prevent steep Rupee depreciation. It strategically buys dollars when the Rupee is strong and sells when it weakens. The RBI’s interventions aim to maintain a stable exchange rate, ensuring a stable economy. Despite fluctuations in reserves, India remains confident in its economic prospects, with foreign exchange reserves serving as a safeguard against external shocks.
The latest surge in foreign exchange reserves suggests that the RBI’s efforts are yielding positive results, indicating a strong and stable economy. The RBI’s ability to manage foreign exchange reserves effectively has enabled India to maintain a robust foreign currency position, which will help in maintaining financial stability and preserving economic stability. As a result, India is better equipped to face external challenges and can continue to maintain a stable exchange rate. The development is a positive sign for the Indian economy, which is expected to continue its growth trajectory in the coming years.
A boost to the masses, four major government-backed banks slash interest rates, bringing welcome respite to the common folk.
The Reserve Bank of India (RBI) has cut interest rates for the second consecutive time, and as a result, four government banks have reduced their interest rates. The affected banks include Punjab National Bank, Bank of India, Indian Bank, and UCO Bank. This decision will benefit both existing and new borrowers, providing relief to the common man.
Bank of India has reduced its repo-linked benchmark lending rate (RBLR) from 9.10% to 8.85%, effective from April 9. Indian Bank has cut its RBLR by 35 basis points to 8.70%, effective from April 11. Punjab National Bank has revised its RBLR from 9.10% to 8.85%, effective from April 10. UCO Bank has reduced its lending rate to 8.8%, effective from April 10.
The RBI’s decision has a direct impact on interest rates for all types of loans, including home loans, car loans, and personal loans. The central bank has changed its monetary policy stance from “neutral” to “accommodative”, indicating that it may continue to maintain a soft stance in the coming times. This decision is expected to provide relief to the common man, making it easier for them to borrow money.
The RBI has also lowered its GDP growth forecast for FY26 by 20 basis points to 6.5%. The growth forecast for the first quarter of FY26 is 6.5%, 6.7% for the second quarter, 6.6% for the third quarter, and 6.3% for the fourth quarter.
This reduction in interest rates is a positive development for the economy, as it will make borrowing cheaper and stimulate economic growth. The four government banks that have reduced their interest rates are expected to pass on these benefits to their customers, making it easier for them to borrow money and invest in the economy. Overall, this decision is expected to have a positive impact on the economy, providing relief to borrowers and stimulating economic growth.
India’s Axis Bank Collaborates with JPMorgan to Develop Blockchain-Powered Payment Infrastructure
Axis Bank, a leading private sector bank in India, has partnered with JPMorgan’s Kinexys Digital Payments (KDP) to offer near-instant, round-the-clock programmable USD clearing services for its business clients. This partnership enables Axis Bank to provide its clients with the flexibility to access cross-border payment services 24/7, improving the reliability of payment processing and paving the way for new and creative corporate applications.
Kinexys Digital Payments is supported by a scalable network of blockchain deposit accounts that facilitates and automates payments directly between accounts. The platform has already facilitated over $1.5 trillion in transaction volume, with daily transactions exceeding $2 billion, and has experienced a remarkable 10-fold growth in payment transactions year over year.
The Axis Bank-Kinexys partnership marks the next step in creating a growing industry-wide blockchain-based financial ecosystem with interoperability among central bank digital currencies, stablecoins, and other digital currency solutions. The innovation is the result of Axis Bank’s “innovation-first mindset” and its commitment to emerging technologies such as blockchain, artificial intelligence, big data, cloud computing, and payment solutions.
India’s Economic Survey 2024-2025 highlights the rapid advancements in technology, particularly in areas such as AI, blockchain, and data analytics, which create new opportunities to revolutionize traditional financial services and processes. The survey notes that AI and large language models have enhanced customer service through interactive chatbots and personalized experiences, while blockchain technology ensures secure, transparent, and efficient transactions.
Axis Bank has committed significant resources to emerging technologies as part of its digital transformation strategy, with a focus on AI, blockchain, and payment solutions. The bank’s annual Information and Communications Technology (ICT) expenditure has touched $290 million, with a substantial portion allocated for purchasing software, ICT services, and network and communications solutions from various vendors.
The economy requires urgent government and Reserve Bank of India intervention, says Finance Minister Nirmala Sitharaman
Indian Finance Minister Nirmala Sitharaman emphasized the government’s focus on maintaining strong domestic demand to ensure the underlying strength of the Indian economy. This comes amid concerns that US tariffs could lead to a global slowdown, which has also prompted the Reserve Bank of India (RBI) to lower its forecast for the current fiscal year. Sitharaman welcomed the RBI’s latest rate cut, stating that the Indian economy would require support from both the central bank and her ministry to maintain growth in the face of global uncertainties induced by US tariff hikes.
The finance minister highlighted that the government has made policy decisions and budget announcements to stimulate growth, and the latest rate cut is seen as a welcome move. She emphasized that the Indian economy is largely driven by domestic demand and consumption, and is less dependent on global trade. Additionally, she mentioned that the government is studying US tariffs and pursuing an ambitious trade agreement with the US, which can benefit both countries.
Sitharaman’s comments aim to reassure investors and clarify the government’s stance on the potential impact of US tariffs on the Indian economy. By prioritizing domestic demand and consumption, the government hopes to maintain the economy’s underlying strength and insulate it from the effects of global trade tensions. The finance minister’s words are likely to be viewed as a positive signal by investors, as they highlight the government’s commitment to supporting the economy and maintaining growth despite the challenges posed by US tariffs.
India’s central bank is expected to slash the repo rate on April 9, potentially driving home loan rates down to record lows of under 8%.
The Reserve Bank of India (RBI) is set to announce its first monetary policy for the financial year 2025-26 on April 9, with markets and economists expecting a repo rate reduction of at least 25 basis points. This could lead to a decrease in home loan interest rates, making it an opportune time for those considering a new loan or refinance. Currently, public sector lenders such as Central Bank of India, Union Bank of India, and Punjab National Bank offer interest rates ranging from 8.1% to 8.15% per annum.
Private sector banks like HDFC, Axis, and ICICI Bank have already reduced their interest rates on fresh home loans by 5-10 basis points between January and April. According to RBI rules, banks are required to review interest rates at least once every quarter, and new borrowers may see their rates going down in the coming days.
A 25-basis point repo rate cut could mean home loan interest rates dipping below 8% per annum. For instance, a Rs 50-lakh home loan with a 20-year tenure would attract an EMI of Rs 42,106 with an interest rate of 7.9% per annum, compared to the current EMI of Rs 42,290.
The article provides a breakdown of the cheapest home loans offered by Indian banks, with Central Bank of India and Union Bank of India offering the lowest interest rates at 8.1% per annum. Other public sector banks, such as Bank of India, Indian Overseas Bank, and Punjab National Bank, offer interest rates ranging from 8.15% to 8.25% per annum.
Private sector lenders like HDFC Bank, Axis Bank, and ICICI Bank offer interest rates ranging from 8.25% to 8.75% per annum. Housing finance companies like LIC Housing Finance, Bajaj Finserv, and PNB Housing Finance also offer competitive interest rates, with rates starting at 8.2% to 8.6% per annum.
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Central Bank Signals Potential Rate Reduction as Economy Faces Increasing Pressure
The Reserve Bank of India (RBI) is expected to lower its key interest rates by up to 25 basis points this week, driven by easing inflation and the need to boost economic growth. The Monetary Policy Committee (MPC) is set to convene on April 7, with an official announcement expected on April 9. The decision comes as global economic challenges, particularly new tariffs from the United States, loom on the horizon.
Madan Sabnavis, Chief Economist at Bank of Baroda, emphasizes the importance of the upcoming policy announcement, citing the global economic landscape’s uncertainties due to US tariffs on around 60 countries, including India and China. Experts believe that with inflation rates under control and liquidity levels stabilized, the RBI is in a favorable position to implement a 25 basis point rate cut.
The recent tariffs imposed by the US present both challenges and opportunities for India. Competitors in key export markets, such as China, Vietnam, and Bangladesh, will face increased duties, potentially making Indian goods more competitive. Rating agency Icra has projected a 25 basis point rate cut in the upcoming MPC meeting while maintaining a neutral outlook on future policy changes.
Industry body Assocham has urged a cautious approach, advocating for a “wait-and-watch” strategy rather than an immediate rate cut. However, other experts believe that the RBI may adopt a more “accommodative” stance, indicating the possibility of additional rate cuts later this year.
Retail inflation has recently dropped to a seven-month low of 3.61% in February, primarily due to declining prices of vegetables and proteins. This decline has created an opportunity for the RBI to consider further rate reductions. The MPC’s decision will ultimately hinge on a combination of domestic economic conditions and external pressures.
A potential 25 basis point rate cut would make borrowing more affordable, particularly in the housing market, and stimulate consumption. However, the actual impact will depend on how quickly commercial banks pass on the RBI’s policy changes to consumers. The outcome of the meeting on April 9 will provide crucial insights into the RBI’s strategy moving forward, as it seeks to balance growth stimulation with inflation control.
The forex kitty sees yet another gain, accumulating a four-week streak, as the RBI injects $6.6 billion into the reserves.
A recent report from the Reserve Bank of India (RBI) indicates a significant increase in the country’s foreign exchange reserves. As of March 28, the reserves rose to $665.4 billion, a five-month high, with an addition of $6.56 billion. This growth is significant, considering it comes after a decline in the previous month. The rupee also saw a notable appreciation of 0.6% against the dollar during the reporting period.
The RBI did not intervene much in the foreign exchange market to defend the currency this time, reportedly due to the renewed flow of foreign investments into Indian equities. This situation led to a 2.3% gain for the rupee in March, marking its best monthly performance since November 2018.
Despite this appreciation, the rupee still closed the fiscal year with a decline of 2.46%, reflecting a somewhat inconsistent performance. Notably, the Rs. 66 lakh crore ($901 billion at current exchange rate) forex reserve is enough to cover 11 months of imports, making it the fourth-largest in the world, behind China, Japan, and Switzerland.
The upward trend in forex reserves is worth monitoring as it represents the central bank’s foreign currency assets, such as its gold holdings and reserves, which can be used to boost the economy in times of need. The cumulative additions of $20.1 billion over the last three weeks have placed the country’s forex reserves at $665.4 billion, with an increase of $6.596 billion from the previous week.
Measuring the Effect of US-Related International Uncertainty on Global Markets – Standard Chartered
The article discusses the expected persistence of uncertainty in global trade policy, despite the approaching “Liberation Day” on April 2. According to Standard Chartered’s economist Madhur Jha, the heightened trade policy uncertainty (TPU) is likely to lower global GDP growth by 1.0-1.5%. This impact is expected to be most significant for the US and other major economies. The article highlights three main channels through which heightened TPU can affect global growth: a drop in trade and capital flows, a decline in business investment, and lower consumer confidence.
The article also notes that academic studies suggest that the negative impact of TPU is not limited to tariffs alone, but can have broader effects on the economy. Moreover, the article cites a two-country structural vector autoregressive (SVAR) analysis, which estimated the impact of rising TPU on selected emerging market (EM) economies. The analysis found that the drop in output and CPI was small and short-lived, with no significant impact on short-term interest rates. However, some currencies, such as those of Mexico and Indonesia, did weaken in response to heightened TPU, suggesting that other factors, such as central bank credibility, are at play.
Overall, the article concludes that the expected continuation of trade policy uncertainty will likely have a significant impact on global growth, particularly for major economies. However, the impact on interest rates and exchange rates is expected to be limited, and other factors may also play a role.
Get instant access to your Central Bank of India Credit Officer Exam 2025 admit card: click here for the direct link!
The Central Bank of India has released the admit cards for the Credit Officer exam 2025. To download the admit card, candidates must input their registration number and password/date of birth on the official website. The admit card can be accessed by following the steps outlined below.
First, candidates should visit the official website at centralbankofindia.co.in and click on the “Careers” tab. Then, they should select “Current Openings” and click on the link “Recruitment of Credit Officer in Junior Management Grade Scale-I”. Next, they should select the link to download the call letter and enter their credentials, including registration number and password/date of birth.
After submitting the credentials, the admit card will be displayed on the screen. Candidates should carefully check the details on the admit card, including their name, roll number, exam location, and any other information provided. If any discrepancies are discovered, candidates should report them to the appropriate authorities as soon as possible.
It is essential for candidates to download and keep a printout of the admit card for further use. The admit card is a crucial document that will be required for the exam and is essential for admission to the written test.
By following these simple steps, candidates can access and download their admit card for the Credit Officer exam 2025. For additional information, candidates should visit the official website of the Central Bank of India.
RBI Hands Down Heavy Fines: HDFC Bank Slapped with Rs 75 Lakh Penalty for KYC Norms Non-Compliance, Punjab & Sindh Bank Gets Rs 68.20 Lakh Fine
The Reserve Bank of India (RBI) has imposed penalties on several banks, including HDFC Bank, Punjab and Sind Bank, for non-compliance with Know Your Customer (KYC) norms. HDFC Bank has been slapped a penalty of Rs 75 lakh by the RBI, while Punjab and Sind Bank has been fined Rs 68.20 lakh.
The RBI inspections revealed that HDFC Bank had failed to maintain a proper record of changes made to the KYC of its customers, and had also not properly verified the identity of its customers. The bank also failed to update the KYC records of its customers and did not maintain a central repository of customer data.
On the other hand, Punjab and Sind Bank was found to be lacking in implementing the RBI’s guidelines on KYC. The bank had failed to verify the identity of its customers and did not maintain a comprehensive and updated database of its customers.
The RBI has taken this action to ensure that banks maintain high standards of compliance with regulations and follow proper procedures to ensure the security and integrity of their customers’ data. The central bank has also issued a warning to the two banks to take corrective action and ensure that they comply with the KYC norms.
This development is a significant one, as it highlights the importance of maintaining high standards of compliance and integrity in the banking sector. The RBI is taking a strong stance to ensure that banks meet the required standards and do not compromise on customer data security and integrity.
It is also a reminder to other banks to follow the guidelines and regulations set by the RBI and to ensure that they maintain the highest standards of compliance and integrity. The penalties imposed on HDFC Bank and Punjab and Sind Bank serve as a deterrent to other banks to maintain the necessary standards and avoid similar consequences.
The development has important implications for the banking sector as a whole, as it signifies that the RBI is committed to ensuring that banks maintain strong controls and processes to safeguard customer data and protect the financial system from potential risks.
According to Standard Chartered, the US dollar may experience a resurgence in strength by 2025, offering investors a compelling investment opportunity.
According to a report by Standard Chartered, the dollar may not be as strong in 2025, a prediction that contradicts the widespread assumption that the US currency will continue to rise in value. The bank’s analysts have predicted that the dollar’s strength will be renewed later in 2025, rather than experiencing a prolonged period of growth.
The report cites several factors that could contribute to this reversal, including the potential for the Federal Reserve to slow down the pace of interest rate hikes, the strengthening of other major currencies such as the euro and yen, and the impact of global trade tensions on the US economy. Additionally, the report notes that the dollar’s current strength is largely a function of its status as a safe-haven currency, which could dissipate as global markets stabilize and investor sentiment improves.
The report also highlights the challenge that the US faces in maintaining its economic growth momentum, with the country’s economy experiencing a slowdown in the second half of 2023 and the potential for inflation to rise again in 2025. This, combined with the increasing risk of a global economic downturn, could lead to a reevaluation of the dollar’s value and a potential reversal of its upward trend.
Furthermore, the report suggests that the dollar’s role as a reserve currency may also be overshadowed by other currencies, particularly the euro, which has been gaining popularity as a safe-haven asset due to the European Central Bank’s more dovish monetary policy.
In conclusion, according to Standard Chartered’s report, the dollar’s strength is expected to be renewed later in 2025, driven by factors such as the potential for slower interest rate hikes, the strengthening of other major currencies, and the impact of global trade tensions on the US economy. The report challenges the widespread assumption that the dollar will continue to rise in value and highlights the potential for a reversal in its value in the future.
Robbers used an earthmover to attempt to break into an ATM in Jharsuguda, aiming to make off with the cash inside.
In a stunning incident of theft, unidentified miscreants attempted to steal an Automated Teller Machine (ATM) from the Central Bank of India in Jharsuguda, Odisha, using a stolen earthmover. The daring robbery took place at 1:30 am on Thursday, near the BTM chowk in Jharsuguda Sadar police limits. According to CCTV footage, the thieves used the earthmover to demolish the ATM kiosk and load the ATM onto the machine’s front shovel. They then drove away, but abandoned the earthmover and ATM on the side of the road and fled.
The ATM, which contained cash, was intact, but the thieves were unable to open it. The Jharsuguda Superintendent of Police, Smit P. Parmar, and the Sadar police Investigating Officer, Swapnamayee Gochhayat, arrived at the scene to investigate and recovered the earthmover and ATM. The police also registered a case based on a complaint filed by Officer of the Central Bank of India, Chaturbhuj Jena.
Additionally, the owner of the earthmover, Phulchand Kumar, also filed a complaint, stating that his machine, bearing registration number OD23 3877, was stolen from a parking lot in Mau district, Uttar Pradesh, the previous day. The police are now analyzing CCTV footage, detaining the earthmover’s owner and driver, and scanning CCTV cameras to identify the culprits. With further investigation underway, it remains to be seen if the thieves will be apprehended and the stolen earthmover and ATM recovered.
Senior Citizens’ FD Offer: Take advantage of 9.10% interest rates on Fixed Deposits from these top banks, find out more details here!
Fixed Deposits (FDs) have been a popular investment option in India for many years, particularly among senior citizens. This is because FDs are considered to be a safe and secure way to invest, with a high return on investment. Senior citizens can earn higher interest rates than normal citizens, typically around 0.5% more, making it an attractive option for those looking to generate a steady income post-retirement.
Banks and non-banking financial companies (NBFCs) offer FDs with interest rates ranging from 2.50% to 9.10% for a period of 7 days to 10 years. Many private banks offer interest rates up to 7%, while some NBFCs offer 9% interest on FDs. This makes FDs a lucrative option for those seeking a high return on investment.
Top banks and NBFCs in India offer FD rates as follows:
* Public Sector Banks: Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, State Bank of India, and Union Bank of India offer interest rates ranging from 7.75% to 7.95%.
* Private Sector Banks: Axis Bank, Bandhan Bank, DBS Bank, HDFC Bank, ICICI Bank, and Yes Bank offer interest rates ranging from 7.75% to 8.25%.
* Small Finance Banks: AU Small Finance Bank, Jan Small Finance Bank, North East Small Finance Bank, Unity Small Finance Bank, and Utkarsh Small Finance Bank offer interest rates ranging from 8.40% to 9.10%.
FDs provide several benefits to senior citizens, including the option to withdraw the full or partial amount before maturity, as well as the option to renew the FD once it matures. Additionally, the Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage up to Rs 5 lakh on deposits with participating banks. With a minimum investment requirement as low as Rs 100, FDs are an accessible and secure investment option for senior citizens.
A month after his arrest warrant was issued, the accused in the New India Bank case finally surrenders to authorities.
A 62-year-old accused, Arunachalam Ullahanathan Maruthuvar, has surrendered in the Rs 122-crore embezzlement case at New India Cooperative Bank, after evading police for a month. He was arrested by the Economic Offences Wing (EOW) and produced in court, where he was remanded in police custody till March 18. This is the sixth arrest in the case.
According to the police, Arunachalam received nearly Rs 30 crore of the misappropriated funds from the prime accused, Hitesh Mehta, the former general manager and head of accounts of the cooperative bank. Another accused, Kapil Dedhia, a civil contractor, was arrested on Friday and remanded in police custody till March 19, with Rs 12 crore of the embezzled funds credited to his account.
The police have arrested a total of six individuals in the case, including Mehta, and have named a few more as wanted accused, including the former chairman and vice-chairperson of the bank, Hiren and Gauri Bhanu, who fled abroad before the scam was discovered. The investigation is ongoing, and an EOW team will soon meet senior staffers of the Reserve Bank of India to gather information about why the central bank’s inspection on February 12 uncovered the discrepancies, rather than earlier.
The case involves the siphoning of Rs 122 crore from the bank’s offices in Prabhadevi and Goregaon in Mumbai. The police are still investigating the extent of the scam and the involvement of other individuals. The case highlights the need for increased vigilance and monitoring of bank transactions to prevent such frauds.
India’s central bank assesses IndusInd Bank’s financial condition as stable
The Reserve Bank of India has issued a statement assuring the public that IndusInd Bank, a private lender, is well-capitalized and its financial position remains satisfactory. This statement comes after IndusInd Bank reported an accounting discrepancy in its currency derivatives, which has led to an estimated $175 million impact on its earnings, equivalent to an entire quarter’s worth. The bank, backed by the Hinduja Group, has had a turbulent few months. The central bank has stated that there is no need for depositors to react to the speculative reports, and that the bank’s financial health remains stable, being closely monitored by the Reserve Bank.
IndusInd Bank has engaged an external audit team to review its current systems and assess the actual impact of the discrepancy. The bank’s financial health has been under scrutiny, and this move is aimed at restoring investor confidence. The Reserve Bank of India has reiterated that there is no cause for concern among depositors, and that the bank’s position remains stable. The move is expected to help restore investor confidence and stabilize the bank’s financial performance.
A massive blaze ravages the Central Bank in Amravati, Maharashtra, with firefighters working to contain the inferno, fortunately with no reports of injuries or fatalities.
A massive fire broke out at a Central Bank branch office in Amravati, Maharashtra, on Saturday, causing lakhs of rupees worth of cash and important documents to be gutted. The fire allegedly started due to a short-circuit in an air conditioning device installed at the bank, just after it opened. The blaze engulfed the entire premises, prompting bank employees to evacuate the area, fortunately without any loss of life or property.
Twelve fire department teams, including from Dhamangaon and Tivasa Amravati Municipal Corporations, were deployed to combat the blaze, but their initial efforts proved insufficient, and additional teams were called in to reinforce the operations. A large crowd of locals gathered at the scene, prompting police to take control of the situation to maintain order.
According to Chandur Railway Police Station SHO Ajay Akhri, all documents and furniture inside the bank were reduced to ashes, and no written complaint or information has been received from the bank administration. However, sources indicate that a massive amount of cash was charred in the incident, worth lakhs of rupees. The police are investigating the cause of the fire, and a forensic team may be called in to confirm the exact cause of the blaze. Further details are awaited. Overall, the incident has caused significant damage to the bank and uncertainty for its customers.
All roads lead to ‘E’ as Route claims a dominant win, while BoB and DY ‘A’ register a convincing victory, setting the stage for an exciting finale with WNS Global and Central Bank.
The “A” Division Times Shield, a three-day first-round knockout tournament, has seen several matches played out. Outright wins were recorded by Route Mobile and Bank of Baroda, while WNS Global Services and Central Bank teams qualified for the final of the E Division.
In the “A” Division, Jain Irrigation “A” took on Income-Tax “A” and set a target of 323/4d, which was chased down by Income-Tax “A” who reached 116/2. Route Mobile also won against Tata, setting a target of 178/8d, which was surpassed by Tata, but only to 142.
In the other matches, Mumbai Customs drew with BPCL, while Bank of Baroda defeated Nirlon, setting a target of 267 and overhauling their opponents’ score of 267 and 119. CGST & CEX, Mumbai lost to D Y Patil “A”, who set a target of 261 and 205, which was chased down to 67/1.
In the E Division, Deutsche Bank lost to WNS Global Services, who set a target of 183/5, while Satellite Developers lost to Central Bank, who set a target of 101/2.
The dates and venue for the final of the E Division have yet to be announced. The tournament is being played at various venues.
Don’t Miss Out! Limited Spots Available – Register Now for Multiple Positions and Apply Before the Deadline
The Central Bank of India is recruiting candidates to fill various positions, including Attender, Faculty, Office Assistant, and Watchman cum Gardner, on a contract basis. The minimum age limit for the positions is 22 years, and the maximum age limit is 40 years. Candidates who meet the eligibility criteria can apply for the positions by filling out the application form and sending it to the address mentioned in the official notification.
The salary for the positions varies, with Attenders receiving a salary of Rs. 8,000, Faculty receiving a salary of Rs. 20,000, Office Assistants receiving a salary of Rs. 12,000, and Watchman cum Gardners receiving a salary of Rs. 6,000.
The selection process for the positions varies, with Attenders and Watchman cum Gardners being selected on the basis of a personal interview, and Office Assistants being selected on the basis of a written test and personal interview.
The last date to apply for the positions is 22nd March 2025, and candidates are advised to send their applications by post to the address mentioned in the official notification. Only complete applications will be entertained, and late applications will be rejected.
Some of the key points to keep in mind are:
* The age limit for the positions is 22 to 40 years.
* The last date to apply is 22nd March 2025.
* Candidates should fill out the application form in the prescribed format and send it to the address mentioned in the official notification.
* Only complete applications will be entertained, and late applications will be rejected.
* The selection process for Attenders and Watchman cum Gardners is based on a personal interview, while the selection process for Office Assistants is based on a written test and personal interview.
It is essential to carefully review the official notification and the application process to ensure that the application is complete and submitted on time. Additionally, candidates are advised to check the official website for any updates or changes in the notification.
Unlock the Key to Affordable Home Ownership: Say goodbye to high interest rates! Compare the best home loan deals of 2025 and start building your dream home now!
Are you dreaming of owning your own home, but high loan rates are giving you sleepless nights? Worry no more! Many banks are currently offering home loans at very affordable interest rates and EMIs (Equated Monthly Installments). In this article, we’ll help you discover which bank is offering the cheapest home loan option.
Rising interest rates and expensive loans can make home ownership a daunting task. However, several government banks, including Bank of Maharashtra, Central Bank of India, and Punjab National Bank, are offering home loans at attractive interest rates, starting from 8.10% to 10.65%. This can significantly reduce your EMI and make owning a home a more achievable goal.
Here’s a breakdown of the best home loan rates offered by various banks, with rates starting from 8.10%:
* Bank of Maharashtra: 8.10% to 10.65%
* Central Bank of India: 8.10% to 9.95%
* Punjab National Bank: 8.15% to 9.85%
* Indian Overseas Bank: 8.15% to 9.85%
* State Bank of India: 8.50% to 9.75%
* UCO Bank: 8.35% to 10.55%
* IDBI Bank: 8.40% to 12.25%
* Nainital Bank: 8.40% to 11.20%
When choosing a loan, consider factors beyond the interest rate, such as processing fees, loan transfer charges, and bank terms. Some banks, like Canara Bank and Punjab & Sind Bank, are waiving processing fees, which can further reduce your loan costs.
Don’t miss out on this opportunity to own your dream home. Review the list above to find the best home loan option for your needs and budget. Remember to also consider the bank’s terms and conditions before finalizing your decision. Happy home buying!
Join the Central Bank of India’s 1,000 Credit Officer Recruitment Drive – Apply by March 10 for a Finest Career Opportunity!
The Central Bank of India has opened applications for 1,000 positions of Credit Officer (Junior Management Grade Scale I). This is an excellent opportunity for those interested in a career in banking, particularly in the credit sector. The application process is open until March 10, 2025.
Eligibility criteria include a Bachelor’s degree in any discipline with a minimum of 60% marks (55% for SC/ST/OBC/PWBD) and an age limit of 20 to 30 years as of November 30, 2024. The application fee is ₹150 for SC/ST/PWBD candidates and ₹750 for others.
The role of a Credit Officer involves assessing loan applications, analyzing financial documents, and managing risk. Key responsibilities include loan assessment, financial analysis, customer interaction, risk management, and compliance. The position offers job stability, a competitive salary, and growth potential.
The selection process consists of an online exam, interview, and document verification. The online exam tests English language, quantitative aptitude, reasoning ability, and general banking awareness. Candidates who perform well in the exam may be invited for an interview, and those selected will need to provide proof of educational qualifications and identity.
Applying for the Credit Officer recruitment involves meeting the eligibility criteria, registration, online application, and payment of the application fee. Candidates are advised to prepare thoroughly for the online exam by focusing on banking awareness, quantitative aptitude, reasoning ability, and English language.
The Credit Officer role offers a stable and rewarding career in banking, with opportunities for career growth, competitive salary, and benefits, and the chance to work in a respected public sector bank.