SBI SME Recruitment (Special Management Executive) 2017

State Bank of India (SBI) has invited online applications from Indian citizens for recruitment of special management executive (SME), banking. Candidates are requested to apply on-line through bank’s website. The online registration is scheduled to start on May 3, 2017. The process of registration, application and payment of the fees will get over on May 18, 2017.
A candidate can apply for only one post under this project. The process of registration of application is complete only when fee is deposited with the bank through online mode on or before the last date for fee payment. Before applying, candidates are requested to ensure that they fulfill the eligibility criteria for the post as on the date of eligibility.

Apply Here

Important Dates

Given below are important dates for the SBI SME Recruitment 2017

Events Dates
Start Date of
Applications
3rd May
2017
End Date of
Applications
18th May
2017
Download
Call Letter
6th June
2017
Exam Date 18th June
2017

 

Vacancy details

Post Grade Post
Current Backlog Total
SME (banking) MMGS Grade III 200 73 273
SME (banking) MMGS Grade II 250 31 281
Total 554

SBI SME Recruitment -Vacancies

Post Grade Vacancy
Type SC ST OBC UR Total PwD
OH VI HI
SME
(Banking)
MMGS
II
Current 37 18 67 128 250 3 2 2
Backlog 7 7 17 31 2 1
Total 44 25 84 128 281 5 3 2
MMGS
III
Current 30 15 54 101 200 2 2 2
Backlog 22 12 39 73 2 2
Total 52 27 93 101 273 4 4 2

Salary details

The total annual salary for scale II post in a metropolitan city like Mumbai for SME (scale II) is Rs.13.07 lakh per annum and Scale III vacancies is Rs.15.86 lakh. The officers are also entitled for medical facilities, leased accommodation and other allowances.

 

Eligibility criteria
Candidates interested in both MMGS Grade III and Grade II posts have to posses CA / ICWA / ACS / MBA (Finance) or equivalent post graduation degree in finance. The course should be of 2 years full time duration. Courses completed through correspondence / part-time are not eligible. The institute should be recognized / approved by Government, Government bodies / AICTE.

 

The candidates interested in Grade III post should posses minimum five years post qualification experience as an executive in supervisory / management role in a schedule commercial bank / associate or subsidiary of a schedule commercial bank, or a public sector financial institution/ company or listed financial institution / company. Out of these five years, a minimum two years experience in corporate / SME credit is desirable. Candidates having experience in processing of credit proposals are preferred. Age limit for the post as on March 31, 2017, is between 25 years and 40 years.

 

Candidates interested in MMGS Grade II post should posses minimum two years post qualification experience as an executive in supervisory / management role in a schedule commercial bank / associate or subsidiary of a schedule commercial bank, or a public sector financial institution/ company or listed financial institution / company. Candidates having experience in processing of credit proposals will be preferred.  Age limit for the post as on March 31, 2017, is between 25 years and 35 years.

 

Age relaxations for both the post is as per the government rule, ie three years for OBC, five years for SC/ST candidates.

Selection Process

Candidates will be shortlisted based on their performance in online written examination, group exercise and/ or Interview. The online objective test is scheduled for June 18, 2017 for a total of 200 and 150 marks, for grade III and II posts respectively. The interview will be conducted for 50 marks.


Candidates are required to qualify in each of the objective tests by securing minimum passing marks, which will be decided by the bank. Shortlisted individuals will then be called for group exercise (discussion) and personal interview.


Exam pattern for MMGS-III grade post

Topics No of questions Marks Time
General / banking awareness 50 25 120 minutes
Reasoning, data interpretation and analysis 50 50
English 50 25
Financial data interpretation and analysis 50 100
Total 200 200


Exam pattern for MMGS-II grade post

Topics No of questions Marks Time
General / banking awareness 50 25 120 minutes
Reasoning, data interpretation and analysis 50 50
English 50 25
Financial data interpretation and analysis 50 50
Total 200 150


The marks of objective test of the qualified candidates will be arranged in descending order of merit and candidates maximum three times of the number of vacancies in each category will be called for group exercise and/ or interview. The qualifying marks in group exercise and/ or Interview will be as decided by the bank.


For the final selection, candidates will have to qualify both in online test and GE and interview separately. Marks secured by the candidates in the online examination will be normalized to out of 75 and marks secured in group exercise and / or interview, out of 50 marks, will be normalized to out of 25. The final merit list will be arrived at after aggregating normalized marks of online examination and group exercise and interview.


The selection will be made from the top merit ranked candidates in each category. Roll numbers of the candidates who qualify for group exercise and / or interview and those finally selected will be made available on the SBI bank’s website.

IBPS Reserve List for CWE VI Clerk, PO, SO Notification Released

IBPS has released the Provisionally allotted & Reserve list for IBPS CWE VI. Also, you can check the IBPS List of provisional allotment candidates under IBPS CWE V for the posts of Clerk, Probationary Officer (PO) and Specialist Officer (SO). Those candidates whose name appears in reserve list will be informed for Pre-Recruitment formalities through registered phone number or email id. You can view the Provisionally Allotted list for IBPS PO & Clerk 2016 from the link below:

Click Here – IBPS CWE VI Provisionally Allotted list

Click Here

– IBPS CWE VI Provisionally Allotted list

 

 

 

Banking Awareness and Financial affairs updates for April 27-28th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. SAP launches solution to help SMEs

‘GST in a box’

 

Enterprise application software maker SAP launched a solution for SMEs to help them become compliant with the Goods and Services Tax (GST).
SAP has launched ‘GST in a box’, an all-inclusive solution portfolio designed to help SMEs.
SAP has committed to provide businesses with the necessary consultation and technology to efficiently adopt the GST regime through various initiatives.

2. Golden Peacock Business Award 2017

GMR Hyderabad International Airport Ltd has won

 

GMR Hyderabad International Airport Ltd has won the Golden Peacock Business Excellence Award 2017.
Golden Peacock Business Excellence Award seeks to characterize validated best management practices, as a basis for accelerating the rate of organizational improvement.
The Golden Peacock Awards were established in 1991.

3. Labour Ministry has proposed a minimum monthly income

Rs 10000 minimum monthly wage

 

The Labour Ministry has proposed a minimum monthly income of Rs.10000 for contract workers.
The move will drastically increase the minimum wages of contract labourers from around Rs.6000 per month that is paid to them in a few sectors at present.
At present, employers give the fixed minimum wages to workers for 45 economic activities.

4. YES Bank wins award

‘Golden Peacock Innovative Product Award 2017’ for innovative mobile technology.

 

YES BANK has won the prestigious ‘Golden Peacock Innovative Product/Service Award 2017’ for its innovative mobile technology product, SIMsePAY.
The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are regarded as a benchmark of Corporate Excellence worldwide.
YES BANK is India’s fifth largest private sector Bank with a pan-India presence.

5. 10 heritage sites to be developed

The government announced 10 new iconic places

 

The government announced 10 new iconic places which would be developed as cleanliness role models under the “Swachh Bharat Mission”.
The decision to choose new places was taken at the second quarterly review meeting of the swachh iconic places, an initiative of the ministry of drinking water and sanitation under Swachh Bharat Mission.

6. e-SOT and e-PRAN card launched for Atal Pension Yojana subscribers

view to digitally empower the Atal Pension Yojana

 

With a view to digitally empower the Atal Pension Yojana (APY) subscribers and to improve the quality of service, the facility of online viewing of the statement of the transactions (e-SOT) and also the e- Permanent Retirement Account Number (e-PRAN card) have been launched.

7. Reserve Bank of India to issue new 5 and 10 coins

new 5 coins to celebrate the 150th anniversary of the Allahabad High Court.

 

The Reserve Bank of India (RBI) will soon put into circulation new 5 coins to celebrate the 150th anniversary of the Allahabad High Court. New 10 coins have also been minted to commemorate the 125th year of National Archives of India.

8. Government sanctions 1 lakh houses worth 4,200 cr for urban poor

Pradhan Mantri Awas Yojana(PMAY)

 

The Central Government has sanctioned construction of over one lakh more houses for the urban poor with an investment of Rs 4,200 crore under the Pradhan Mantri Awas Yojana(PMAY).

9. Agriculture Ministry comes up with model APMC Act to integrate agri markets

Agricultural Produce Market Committee (APMC) Act

 

The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions.
It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as enforcement of regulation by the Agricultural Produce and Livestock Market Committee (APLMC) is concerned.

10. AIIMS Becomes India’s First Public Hospital For Eye Tumours

To start plaque brachytherapy facility

 

The All India Institute of Medical Sciences (AIIMS) is India’s first public hospital to start plaque brachytherapy facility for the treatment of eye tumours
The facility is a form of local radiation delivered to the eye through a radioactive device which is attached to the eye for a temporary period of time.
The facility at the Rajendra Prasad Centre for Opthalmic Sciences will treat children suffering from a type of cancer called Retinoblastoma and adults who suffer from melanoma.

 

 

 

Banking Awareness and Financial affairs updates for April 26th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. NITI Aayog says farmers should pay income taxes

NITI Aayog member Bibek Debroy

 

NITI Aayog member Bibek Debroy proposed, at a news conference on Tuesday, that Indian farmers should start paying income tax.
Debroy opined that income-fluctuation will also be taken into account while determining the tax threshold for farmers.
The suggestion comes at a time when TN farmers are protesting to seek drought relief after failing to sustain their lands.

2. MFIN launches financial literacy app

For the benefit of microfinance clients

 

Microfinance Institutions Network (MFIN), a self-regulatory organisation and an industry association of microfinance, has launched a financial literacy mobile app for microfinance clients.
The app was launched in the capital in the presence of Meenakshi Lekhi, Member of Parliament, and Manoj Mittal, Deputy Managing Director, SIDBI.

3. NHAI to set up panel to deal with disputes

The National Highways Authority of India (NHAI)

 

The National Highways Authority of India (NHAI) has decided to constitute a high powered conciliatory committee, consisting of senior functionaries to resolve various cases relating to construction of national highways, according to its Chairman YS Malik.

4. Vistara Airlines signs MoU with Punjab govt

Vistara Airlines in collaboration with Taj Hotels

 

Vistara Airlines in collaboration with Taj Hotels has signed an MoU with the Punjab government to promote tourism in the state.
Vistara CEO Phee Teik Yeoh and Gurjot Singh Malhi, Advisor to CEO, held detailed discussion on this with Punjab Chief Minister Amarinder Singh here, an official said.

5. Viewership shifting from TV sets to laptops, mobile phones

47 per cent to 10 per cent

 

With players such as Netflix and Hotstar luring viewers with new content, consumers are shifting their viewership from TV sets to devices such as laptops and mobile phones.
According to Accenture Digital Consumer Survey, the percentage of Indian consumers who prefer watching shows on TV sets plummeted from 47 per cent to 10 per cent over the last one year.

 

 

Banking Awareness and Financial affairs updates for April 25th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. Flipkart to replace CEO for a day

With 35,000 employees,generates revenues of around $1.5 billion.

 

Flipkart is planning to replace its CEO for one day, to give an employee the opportunity to see how it feels to run the company. It is a part of the company’s 10th anniversary celebration.
Sources said the move sought to familiarize employees with challenges at different levels of management.

2. SEBI mulls on new guidelines and stringent measures

P-Notes is a Primary Target

 

SEBI is aiming to take a series of stringent measures to ensure black money flow via P-Notes are eliminated. It also aims to introduce several reform measures to smoothen current hiccups.
The board is all set to convene its first meeting under the chairmanship of Ajay Tyagi, who took charge since March 1, this year.

3. Indians send home $62.7 billion in 2016, highest globally: World Bank

$68.9 Billion in 2015

 

India retained the top spot among remittance-receiving countries despite a significant 8.9% drop in remittances in 2016.
The World Bank’s Migration and Development Brief stated remittances to developing countries fell for a second consecutive year, a trend not witnessed in three decades.
However, India also leads the countries with declined remittances with inflows amounting to $62.7 billion in 2016 from $68.9 billion in 2015.

4. Public sector banks merger could help banking system: Urjit Patel

Fewer healthy banks is better

 

RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets.
“As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks,” Patel said while delivering the Kotak Family Distinguished Lecture at Columbia University.

5. Consultation paper on spectrum auction in 15 days: TRAI

TRAI Chairman Rs. Sharma

 

Telecom regulator TRAI expects to start the consultation process for the next round of spectrum auction in about a fortnight.
TRAI Chairman Rs. Sharma told reporters on the sidelines of FTTH APAC Conference that They expect to issue it (consultation paper on spectrum price) in about 15 days.

6. FIPB clears six FDI proposals worth ₹85-cr investments

Cabinet Committee on Economic Affairs (CCEA)

 

The Foreign Investment Promotion Board (FIPB) has approved six proposals entailing foreign direct investment (FDI) of about ₹85 crore and has recommended one proposal for approval from the Cabinet Committee on Economic Affairs (CCEA).
“The proposal involving ₹4,315 crore by Gland Pharma Ltd has been referred to the CCEA,” said an official statement on Monday.

 

 

Banking Awareness and Financial affairs updates for April 22-24th, 2017 – for IBPS, SBI, SSC Exams

Daily financial/banking affairs updates is prepared by keeping the exam pattern and the previously asked questions in IBPS, SBI, RBI, SSC Exams. This will be useful to update your GK on daily basis.

1. Fino Paytech to digitalise rural banks

5000 Aadhaar enabled micro ATMs financial inclusion gateway services

 

Fino Paytech will help NABARD to help the rural bank digitization drive in the states of Haryana, MP, Bihar, Gujarat and Maharashtra.
It will provide over 5000 Aadhaar enabled micro ATMs financial inclusion gateway services to district central cooperative banks and Primary Agricultural Credit Societies across these states.
NABARD deals with services related to agriculture.

2. Loan for India’s 1st waterway project

$375 million

 

The World Bank has approved a loan of $375 million for the ambitious inland waterways project between Haldia in West Bengal and Varanasi in Uttar Pradesh.
The 1390 km waterway project of the shipping ministry would enable commercial navigation of vessels with capacity of 1500-2000 deadweight tonnage (DWT).
It was declared as a waterway in October 1986.

3. Anti-dumping duty on hydrogen peroxide

$118 per tonne on import of hydrogen peroxide

 

India may impose anti-dumping duty of up to $118 per tonne on import of hydrogen peroxide chemical used by industries in applications such as corrosion control and paper bleaching from six countries.
This will guard domestic players from cheap imports of ‘hydrogen peroxide’ from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.

4. AU Fin converts to small finance bank

AU had network of 300 branches spread across 10 states

 

Au Financiers has converted itself to Small Finance Bank from a Non-Banking Finance Company changing its name to AU Small Finance Bank.
AU started as a NBFC and was engaged in business of commercial and personal vehicle loans, Micro, Small and Medium Enterprises loans and SME loans.
As a NBFC, AU had network of 300 branches spread across 10 states.

5. RBI signs MoU with Bank of Guyana

“Supervisory Cooperation and Exchange of Supervisory Information”

 

The RBI announced signing of an MoU with the Bank of Guyana on “Supervisory Cooperation and Exchange of Supervisory Information”.
The apex bank signed the MoU, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater co-operation and share supervisory information.

6. Government to issue Sovereign Gold Bonds

Tenure – 8 Years
Exit Option from – 5th year

 

Government in consultation with the RBI, has decided to issue Sovereign Gold Bonds 2017-18 – Series I.
The Bonds will be sold through banks, Stock Holding Corporation of India Ltd, designated post offices and recognised stock exchanges viz., NSE and BSE.
The tenure of the Bond will be for a period of 8 years with exit option from 5th year to be

7. Govt sells 9.2% stake in Nalco

Raised over Rs 1200 crore

 

The government raised over Rs 1200 crore through the sale of 9.2% stake in Nalco as both retail and institutional investors lapped up the shares offered to them.
The first PSU disinvestment of the current fiscal, Nalco also saw the government exercising the option to retain excess subscription, called greenshoe option.