
BOB Office Assistant Recruitment 2025: Apply for 500 posts at bankofbaroda.in, details here
Bank of Baroda has invited applications for Office Assistant posts. Candidates who want to apply for the posts can find the direct link through the official website of Bank of Baroda at bankofbaroda.in. This recruitment drive will fill up 500 posts in the organisation.
The registration process will start on May 5 and end on May 23, 2025. Read below for eligibility, selection process and other details.
Union Bank SO Recruitment 2025: Apply for 500 posts at unionbankofindia.co.in, direct link here
Passed the 10th Standard (S.S.C./ Matriculation). Proficient in the Local Language of the State/ Union Territories ( i.e. Candidate should be able to read, write and speak in the Local Language of the State / Union Territories) for which vacancies candidate wish to apply.
The age limit should be between 18 to 26 years. A candidate must have been born not earlier than 01.05.1999 and not later than 01.05.2007 (both dates inclusive).
Assam APSC Recruitment 2025: Registration for Junior Engineer vacancies of Fishery Department begins today
The selection process comprises of online test followed by Local Vernacular Language Test (Language Proficiency Test) of candidates, qualifying/ passing in the online test. Each candidate will be required to obtain a minimum score (cut-off) in each section of written (online) test as well as a minimum score (cut-Off) in the total score of 100 for participation in further selection process and drawing the rank list.
The application fee for General, EWS and OBC candidates is ₹600/- and application fee for SC, ST, PwBD, EXS, DISXS & Women candidates is ₹100/-.
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New Indian Express
16 hours ago
- New Indian Express
EMIs fall as state-run banks pass on rate-cut bonanza to existing borrowers
The 50 bps repo cut announced on June 6 is the steepest since May 2020 in response to the Covid pandemic when the RBI slashed it by a steeper 75 bps, while the 100 bps CRR is historic.(Representational Image) (Photo | R Satish Babu, EPS) Business EMIs fall as state-run banks pass on rate-cut bonanza to existing borrowers Major PSBs like BoB, PNB, BoI, and Uco Bank have slashed their repo-linked lending rates by 50 bps, leading the rate-cut trend to boost credit growth. Benn Kochuveedan MUMBAI: Many large public sector banks such as Bank of Baroda, Punjab National Bank, Bank of India, and Uco Bank have reduced their repo-linked lending rates by a full 50 bps to their existing borrowers in response to the Reserve Bank's unconventional 50 bps reduction in the repo rate to 5.5% last Friday. Also slashing the cash reserve ratio (CRR) by a steep 100 bps to 3% in a staggered manner between September and end-November which will help them protect their margins which have been under pressure since long due to higher pricing of deposits. The 50 bps repo cut announced on June 6 is the steepest since May 2020 in response to the Covid pandemic when the RBI slashed it by a steeper 75 bps, while the 100 bps CRR is historic. The CRR reduction will release Rs 2.5 trillion in lendable money to banks, which means they can lend 10x more or worth Rs 25 trillion. The CRR will be reduced in four equal instalments of 25 bps each beginning September 1 and ending November 29. This will also protect banks' margins, which Crisil considers to boost their NIMs by 10-15 bps. Leading the rate-reduction bandwagon are major public sector banks such as Bank of Baroda, Punjab National Bank, Bank of India, and Uco Bank which have reduced their repo-linked lending rates (RLLR) by a full 50 bps. This means that existing home and auto loan borrowers would see their EMIs fall considerably or their loan tenor coming down. Typically for a Rs 50 lakh loan, a 25 bps reduction in interest rate means, EMI coming down by a month. In the present case, it means the loan tenor is down by two EMIs. Bank of Baroda has cut its RLLR from 8.65% to 8.15% effective June 7, while PNB's rate will be down from 8.85% to 8.35%, starting June 9, and Bank of India has lowered the rates from 8.85% to 8.35% effective June 6 itself. Uco Bank has reduced its RLLR from 8.80% to 8.30% and has also cut its MCLR by 10 bps across all tenors. However, the private sector peers who are more cautious of their margins are taking a more calculated approach, following suit with marginal reduction (10-20 bps) in MCLR rates. This is permissible as the RBI mandates banks to lower the repo cut only from the first day of the next month and not immediately. Among the private lenders, HDFC Bank has cut its MCLR across tenures by 10 bps, effective June 7; Karur Vysya Bank has cut MCLR by 10-20 bps. But ICICI Bank and Axis Bank are yet to offer any reductions. Industry leaders SBI and HDFC Bank have home loan rates as low as 8% now and if they pass on the entire benefit to existing customers their rates will be 7.5% for loans above Rs 50 lakhs and under 8.5% for lower loan amounts. For the system, the rate cut move by the central bank means, better rate transmission. System-wide only almost 45% of loans are repo-linked but all new retail loans have to repo-inked. Repo linked loans came into force in October 2019. RLLR is the rate at which banks lend to customers whose loans are directly linked to the repo rate, while the marginal cost of funds based lending rate (MCLR) is the minimum interest rate that a bank can offer on loans, determined by factors such as the bank's cost of funds, operating expenses, and required margins, and typically responds more slowly to policy rate changes than repo-linked rates. While the move is favourable for existing borrowers, it has implications for depositors as banks are expected to cut pricing of fixed deposits and other term instruments, in line with falling lending rates and increased liquidity. Motilal Oswal estimates 30-70 bps in fixed deposit returns across tenures sooner than later. While repo-linked loans respond instantly to monetary policy changes, deposit rates tend to adjust more slowly due to regulatory norms and competitive market pressures. As a result, lenders may face margin pressure, the firm noted in its report, over the next two quarters until deposit repricing aligns with the new rate environment. The 100-bps phased reduction in the CRR will inject Rs 2.5 trillion into the banking system, with which they can make incremental lending of 10 times more—or worth Rs 25 trillion. Crisil sees the NIM compression which was seen at 10-20 bps earlier due to the past two repo reduction of 25 bps each in February and April, now coming down to 5-15 bps only. 'The CRR cut will support NIMs in two ways. One is the direct addition to income from the flexibility to deploy the funds till now parked as the CRR into the business. Two, more systemic liquidity after the CRR cut and the RBI's other measures will ease pressure on the cost of deposits, offsetting the downward pressure on NIMs,' Ajit Velonie, a senior director with Crisil said. 'The frontloading of the repo rate cut will have had a somewhat higher impact on the yield side of NIMs than previously expected. This is because 45% of the overall loan assets are linked to an repo-linked now. Typically, these are repriced rapidly after rate cuts. On the other hand, the MCLR -linked loans are re-priced at a relatively slower pace and by a lower extent than the external benchmark-linked loan rate. The frontloading thus accentuates the impact on loan yields,' Velonie said. According to Subha Sri Narayanan, a director with Crisil, 'the direct impact on NIMs will be from the flexibility to deploy the Rs 2.5 trillion of liquidity released from the CRR cut into interest-bearing assets. Given the planned staggered implementation, in the current fiscal, this should benefit NIMs by 3-4 bps, while on a full-year basis, there would be a 7 bps benefit. Secondly, the additional liquidity available for lending will ease the pressure on deposit growth that, in turn, increases the flexibility banks have to cut their deposit rates. Overall, we expect the compression in bank NIMs to be 5-15 bps this fiscal, compared with 10-20 bps estimated earlier.'


Time of India
a day ago
- Time of India
Good news for borrowers: PNB, BoB, BOI, Indian Bank cut home loan interest rates
In a significant development for home loan borrowers, four major public sector banks Punjab National Bank (PNB), Bank of Baroda (BoB), Indian Bank and Bank of India (BOI have announced reductions in their home loan interest rates. These revisions come on the heels of the Reserve Bank of India's (RBI) decision to cut the repo rate by 50 basis points (bps), bringing it down from 6.00% to 5.50% in the monetary policy review held on June 6, 2025. The central bank has now reduced the repo rate by a total of 100 basis points (1%) since February 2025. Impact on home loan borrowers RBI's rate actions have a direct impact on home loan interest rates that are linked to the repo rate, or Repo Linked Lending Rates (RLLR). A lower repo rate usually translates into a lower RLLR, which means that consumers will pay less in interest over the course of the loan term and have fewer EMIs (equivalent monthly installments). Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps Still confused between New vs Old Tax Regime? Find out which one saves you more with our tax calculator! What is RLLR? Repo-linked lending rate (RLLR) is the interest rate at which banks extend loans to customers, based on the repo rate set by RBI. The term 'repo-linked lending rate' refers to an interest rate that is linked to the repo rate. An RBI circular issued in October 2019 mandates that banks link their retail loans to external benchmark lending rates, known as E-BLR. Consequently, the repo rate has become the benchmark for most banks. The impact of the reduction of RLLR will be different on old and new home loan borrowers. Most of these banks have passed on the reduction benefit to new borrowers immediately. However, their old borrowers will get the benefit as per their corresponding interest rate reset cycle. FD interest rate up to 9.10%: These banks are still offering over 8% interest on fixed deposits for senior citizens Live Events Which banks have slashed home loan rates? Punjab National Bank (PNB) In a regulatory filing, PNB announced that it has revised its Repo Linked Lending Rate (RLLR) from 8.85% to 8.35%, effective June 9, 2025. The new rate reflects the 50 basis point cut in the repo rate and includes a Bank Spread of 20 basis points. 'The Exchange is hereby informed that consequent upon the decrease in Repo rate by RBI on 06.06.2025, the Bank has revised RLLR from 8.85% (including BSP of 20bps) to 8.35% (including BSP of 20bps) with effect from 09.06.2025,' PNB stated in its filing. Bank of Baroda (BoB) Bank of Baroda, in compliance with SEBI's disclosure norms, informed the exchanges that it has reduced its Baroda Repo Based Lending Rate (BRLLR) from 8.65% to 8.15%, effective June 7, 2025. This is also a 50 basis point reduction, in line with the RBI's move. 'Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that BRLLR has been revised from 8.65% to 8.15% with effect from 07.06.2025,' the bank said. Bank of India Bank of India has also joined the rate-cut bandwagon, reducing its Repo Based Lending Rate (RBLR) from 8.85% to 8.35%, effective June 6, 2025. The bank in a BSE announcement stated, 'Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Repo Based Lending Rate (RBLR) has been changed w.e.f. 06.06.2025. 2. Today, RBI has revised the Repo Rate from 6.00% to 5.50% (decrease of 50 bps).The change in RBLR is as under. The effective RBLR is revised from 8.85% to 8.35%, down by 50 bps.' Indian Bank Indian Bank has cut its Repo Linked Benchmark Lending Rates (RBLR) from 8.70% to 8.20%, with the revised rate effective from June 6, 2025, the bank informed in regulatory filing.


Economic Times
a day ago
- Economic Times
SBI Clerk Mains Result 2025, sbi.co.in Live: Result and cutoff to be announced soon
09 Jun 2025 | 10:02:36 AM IST SBI Clerk Mains 2025 Result Live: The SBI is expected to announce the results this week. SBI Clerk Mains Result Live Updates: The State Bank of India (SBI) will soon announce the SBI Clerk Mains Result 2025. Thousands of candidates who appeared for the Junior Associate (Customer Support & Sales) exam are eagerly waiting for their results, which will be released on SBI's official website: Mains exam was held on April 10 and 12, 2025, for the recruitment of 13,732 clerk posts across various branches in to Check SBI Clerk Mains Result 2025Here's how you can check and download your result once it's declared:Visit the official SBI website: on the 'Careers' 'Current Openings'.Click on 'Recruitment of Junior Associates (Customer Support & Sales)'.Click on the link titled 'SBI Clerk Mains Result 2025'.Enter your registration number/roll number and date of and save your scorecard for future may also download a PDF list of qualified candidates. Use Ctrl+F to find your roll number in the on the SBI Clerk Scorecard?After downloading your result, check all the details carefully. The scorecard will include:Your name and roll numberYour category and sub-categorySection-wise marks and total marksCut-off marksYour final result statusThis gives you a complete overview of your performance in the Mains Next After the Mains Result?If you clear the Mains exam, the next stage is the Language Proficiency Test (LPT). This test checks your ability to read, write, and speak the local language of the state or union territory you applied the LPT is mandatory to be eligible for final selection. Candidates who fail the LPT will not be considered for appointment, even if they pass the Mains. Show more