Probationary Officer,  Jobs & Vacancy in Banking at  Corporation Bank, Mangalore  Dec 2011

Job or Vacancy Description:
Corporation Bank, a leading Public Sector Bank, invites Online applications from Indian Citizens for following 355 posts of Officers Cadre:
Probationary Officers (JMG-I): 355 posts (UR-194, SC-45, ST-23, OBC-93) (PH-37), Pay Scale : Rs.14500-25700/-, Age : 20-30 years

Application Fee : Rs.200/- (Rs.50/- for SC/ST/PH candidates) to be paid by a challan form in any branch of the Corporation bank.



How to Apply : Apply Online only at Corporation bank

General Instructions:
1. The charges mentioned in Schedule VI above are applicable to guarantees connected with Export, Import Trade, Deemed Exports, Project Exports and Foreign Exchange Trade Transactions as defined by Reserve bank of India and by DGFT under Foreign Trade Policy.
2. The stipulated charges shall be collected for the actual validity period of the guarantee plus the additional period specified for submitting claims.
3. Wherever the guarantees are covered by ECGC counter guarantees/policies, ECGC premium at the applicable rates shall be collected in addition to the above stated charges and shall be remitted to ECGC.
4. In respect of Bid Bond Guarantees, if the Bid gets frustrated, 0.75% of the total commission collected may be refunded.
5. In the case of early redemption of the guarantees a minimum of 50% of the commission for the unexpired period i.e., from the date of redemption to the expiry date of the guarantee may be refunded.
6. The minimum charge for issuing any guarantee shall be Rs. 1,000/-.
7. In case of banks located in countries under “Higher Risk”/ “Off Credit” category, higher charges shall be levied on case to case basis by IIBD,Mumbai. We hereby declare that I am/We are non-resident Indian (s) of Indian origin. I/We understand that the above mentioned accounts will be opened on the basis of statements/declarations made by me/us and I/We also agree that if any of the statements/declarations made herein is found to be not correct in material particulars, you are not bound
to pay any interest on the deposit made by me/us.
8. We undertake that in the case of debits/credits to NRO accounts, relating to investment in India. I/We shall ensure that such investments are covered either by the general or special permission of RBI.
9. We agree that no claim will be made by me/us for any interest on the deposits for any period after the date/s of maturity of the deposits. I/We agree to abide the provisions of the account scheme as per RBI guidelines from time to time. I/We hereby undertake to intimate you about my/our return to India for permanent residence immediately on arrival.
10. We agree that if premature withdrawal is permitted at my/our request, the payment of interest on the deposit may be allowed in accordance with prevailing stipulations laid down by RBI in this regard. We authorise the Bank to automatically renew the deposit on due date for an identical period unless instructions to the contrary from me/us is recived in writing by the bank before
11. maturity. I/We understand that the renewal will be in accordance with the RBI regulations in force at the time of renewal. I/We understand that the interest applicable on renewal will be at the applicable ruling rate on the date of maturity and that the renewal will be noted on the deposit receipt on my presenting the same on maturity date or later for renewal/payment.
12.We agree that the Bank may on receipt of a written application from any one or more of us in its absolute discretion and subject to such terms and conditions as the Bank may stipulate (a) grant loan or advance against the security of the term deposit receipt to be issued in our joint names or (b) make preamture payment of the proceeds of the deposit to any one or more of us. In the event of death of any one of the joint depositors, the bank will at the request of surviving depositors, be at liberty though not bound and at is absolute
13. discretion to repay the deposit before maturity, or to grant an advance against the security thereof on such terms as the Bank may in its absolute discretion decide and such payment shall constitute a valid discharge to the Bank. We will not make available to any person resident in India any foreign exchange against reimbursement in India in rupees or otherwise.
14. We will ensure that investment in shares/securities or immovable property in India out of funds held in my/our NRSR account with you are governed by general or special
permission of Reserve Bank of India. We declare that I/We am/are aware that any violation or nonobservance of the undertakings given above is subject to action under Foreign Exchange regulation Act, 1973.
15. We voluntarily undertake that I/We and/or my/our heir /successor will not seek repatriation of funds held in my/our NRSR a/c. with you and/or any income/interest earned thereon at any place. We shall abide

Tentative Last Date:17-01-2012

About the organization:  
Every institution has its start in modest initiatives but what makes it great is the passion of the people behind it. Carrying the legacy forward with an undaunted commitment to its vision, the journey of Corporation Bank truly epitomizes this. Started about 105 years ago in 1906, with an initial capital of just Rs.5000, Corporation Bank has recorded Rs. 2,00,000 Crore mark in business and even far more, with over 5000 service outlets across the nation, served by committed and dedicated 13,000 plus Corp Bankers. Proof of which is seen in its enviable track record in financial performance. We have many reasons to cheer, predominant of them is, being able to participate in nation building by empowering the rural and urban population alike. Today, we are proud that we are significant contributors to the growth of the country’s economy. Nationalised in 1980, Corporation Bank was the forerunner when it came to evolving and adapting to the financial sector reforms. In 1997, it became the Second Public Sector Bank in the country to enter capital market, the IPO of which was over- subscribed by 13 times. the Bank has many ” firsts ” to its credit – Cash Management Services, Gold Banking, m-Commerce, ” Online ” approvals for Educational loans, 100% CBS Compliance and more recently, its poineering efforts to take the technology to the rural masses in remotest villages through low-cost branchless banking – Business Corresponent model. All of which symbolise Bank’s unswerved commitment to its customers to provide convenience banking. At Corporation Bank, what motivates us is the passion to excel in banking by maintaining highest standards of service to our customers, backed by innovative products and services which makes us one of the leading Public Sector Banks in the country, catering to a wide range of customers – from individuals to corporate clients.High level of customer satisfaction is ensured through computerised operations of over 240 branches including extension counters and inter-connectivity between major centres through satellite based communication system. An elaborate network of branches in NRI belts like Kerala, Goa, Dakshina Kannada, Gujarat, Mumbai, New Delhi etc. The Bank maintains foreign currency accounts(Nostro) with reputed international banks in 15 major currencies. The details of main accounts are: Bank has put in place Credit Risk Management policy and the same has been circulated to all the branches. The objectives of the policy are to ensure that the operations are in line with the expectation of the Management and the strategies of the top management are translated into meaningful directions to the operational level. The policy stipulates prudential limits on large credit exposure, standards for loan collateral, portfolio management, loan review mechanism, Risk concentration, risk monitoring and evaluation, provisioning and regulatory/legal compliance.The Bank identifies the risks to which it is exposed and applies suitable techniques to measure, monitor and control these risks. Board devises the policy and fixes various credit risk exposures, Credit Policy Committee, implements these policies and strategies approved by the Board and monitors credit risks on a bank wide basis and ensures compliance of risk limits. The Bank studies the concentration risk by (a) fixing exposure limits for single and group borrowers (b) rating grade limits (c) industry-wise exposure limits and (d) analyzing the geographical distribution of credit across the Zones/States. Bank considers rating of a borrowal account as an important tool to measure the credit risk associated with any borrower and accordingly a Single scale credit rating system was introduced in the Bank. A software driven rating/scoring model for different segments have been customized to suit the Bank’s requirements.

Address :
Corporation Bank
(A govt. of India enterprise)
Corporate Office: P.B. No. 88, Mangaladevi Temple Road, Pandeshwar, Mangalore – 575001