Ahmedabad Prepares: Vande Bharat Limited Edition Trains for India vs. Pakistan in Cricket World Cup 2023

 Ahmedabad Prepares: Vande Bharat Limited Edition Trains for India vs. Pakistan in Cricket World Cup 2023

The highly anticipated ICC Cricket World Cup 2023 clash between India and Pakistan is set to take place in Ahmedabad on October 14 at the iconic Narendra Modi Stadium.

 

However, cricket enthusiasts can now breathe a sigh of relief when it comes to the exorbitant flight ticket prices that had surged due to the overwhelming demand for this epic showdown.

Indian Railways is gearing up to launch Vande Bharat Special trains, making travel to Ahmedabad more accessible and affordable for fans.

The match is expected to start off at 2pm.

So the special Vande Bharat Train has to reach Ahmedabad at least by 12.30pm, to enable the cricket fans to reach the stadium in time.

Do note to buy the special customised merchandise on the Limited Editions Vande Bharat Trains.

These specially organized trains will originate from various states including Madhya Pradesh, Rajasthan, and Maharashtra, with stops at Sabarmati and Ahmedabad, conveniently located near the Narendra Modi Stadium.

 

The strategic scheduling ensures that the trains arrive in Ahmedabad just a few hours before the commencement of the match.

This approach aims to address issues like expensive travel and limited lodging options, making the journey more convenient for cricket enthusiasts.

 

A senior official explained the rationale behind this arrangement, stating that the timing allows passengers to return to their home destinations shortly after the thrilling contest concludes.

It's a thoughtful move that enhances the overall experience for fans attending the game.

 

In addition to the practical benefits, Indian Railways plans to add a touch of patriotism and nostalgia to the journey.

 

Passengers can expect to enjoy patriotic music, relive memorable moments from past India-Pakistan cricket encounters, and even access special merchandise.

With their deep-rooted cricket rivalry, spanning seven encounters in World Cups, these special trains promise to contribute to the excitement and camaraderie surrounding this epic clash.

 

The Narendra Modi Stadium, formerly known as Motera Stadium, is situated in Ahmedabad, a city in the Indian state of Gujarat.

 

Sabarmati Junction Station, identified by the code SBI, stands as one of the closest railway stations to the Sardar Patel Stadium, with a mere 5-6 kilometers separating the two.

 

When traveling from Ahmedabad Railway Station to Narendra Modi Stadium, you'll cover roughly 6 kilometres. Depending on traffic conditions, this journey typically takes around 15 to 20 minutes.

 

Getting to Narendra Modi Stadium may pose some challenges, but with careful planning and research, individuals can successfully find their way to the venue, regardless of their chosen mode of transportation.

Disclaimer: This evolving narrative may not reflect the full truth. These are my personal, impartial insights, informed by publicly available Google data. In essence, prioritizing Safe ePayments.

NPCI NACH – Penalty for high %age of NACH Debit Returns

NPCI NACH Team vide Cir No 24 dt August 18^th 2023, introduced the Penalty Policy for high %age of NACH Debit Transaction Returns.

The circular highlights are as follows:

NPCI has informed NACH Member Banks to refer to the various communications from NPCI highlighting the elevated percentage of returns in ACH debit transactions.

In light of this, it is strongly recommended that all stakeholders proactively undertake the following measures:

01) Limit the display of returned transactions to twice, comprising one initial presentation and two subsequent representations.

 

02) The representation of a returned transaction can only take place three days after the return date.

 

03) Representation should occur only upon receiving confirmation from the respective customer regarding the availability of sufficient balance.

 

04) In the event of recurring returns:

 

a. User institutions should establish communication with the customer to ensure that the presentation resumes only after receiving confirmation to honor the debit transactions.

b. Destination banks must assess the account's operations, advise the customer to maintain an adequate balance, and, if no improvement occurs, adhere to regulatory guidelines for managing such accounts.

 

Despite issuing repeated advisories to all relevant parties, it has come to NPCI's attention that the percentage of returns remains significantly above acceptable thresholds.

 

To instill clearing discipline, the following measures will be gradually implemented according to the provided schedule:

 

Phase I With effect from 1st October 2023:

1. Additional charges of Rs. 1 per return transaction to be levied on corporate with returns above 50%.

 

 

Phase II - With effect from 1st January 2024:

1. Rs. 5 per return transaction for corporate with return above 50%. Additional Charges will be for transaction over and above the threshold ie.50%

Phase III - with effect from 1st April 2024:

1. The corporates with return transaction above 30% will be barred from registering new mandates.

2. The utility code will be barred for registering further new mandates until the returns are brought down below the 30% threshold.

 

NPCI has advised all stakeholders to take immediate remedial measures ensure adherence to the clearing discipline and reduce the returns.

 

 

 

 

The National Payments Corporation of India (NPCI) has taken a significant stride in revolutionizing electronic transactions with the introduction of the "National Automated Clearing House (NACH)."

This web-based solution has been meticulously designed to cater to a broad spectrum of stakeholders, including banks, financial institutions, corporates, and government bodies.

NACH Debit service, a critical component of NACH system, brings electronic automation to interbank high volume, low-value debit transactions.

At present, the NACH transactions can be processed on all days of the week, i.e Sundays and holidays too.

These transactions, characterized by their frequent and repetitive nature, are seamlessly processed through the NPCI platform.

This unified and standardized framework resolves bottlenecks and challenges associated with electronic transmission, both at the local and national levels, thereby contributing to the growth of core banking services.

 

One of the key functions of the NACH System is to serve as a robust platform for executing bulk transactions.

This functionality proves invaluable in scenarios such as the distribution of subsidies, dividends, interest, salary disbursements, and pensions.

Additionally, it facilitates bulk collections of payments for various utilities and financial services like telephone bills, electricity charges, water bills, loan repayments, mutual fund investments, and insurance premiums.

 

At its core, the National Automated Clearing House (NACH) represents a centralized system with a grand vision. It seeks to consolidate and harmonize the multitude of Electronic Clearing Service (ECS) systems operating throughout the country.

By doing so, it aims to establish a standardized framework and eliminate local barriers, thus promoting seamless interbank transactions. Furthermore, NACH's reach is expansive, covering the entire network of core banking-enabled bank branches across the nation, regardless of their geographic location.

 

It offers a single set of rules encompassing operational and business aspects, open standards, and industry best practices.

These provisions are designed to ensure consistency in electronic transactions for all participants, service providers, and users.

 

In addition to its overarching objectives, the NACH system empowers member banks with customization capabilities. It allows banks to design their own products and caters to specific needs through features like a refined Mandate Management System (MMS) and an online Dispute Management System (DMS). These tools are complemented by robust information exchange and customized Management Information System (MIS) capabilities.

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments.

 

 

 

 

Is a career with UNDP right for you? – Confused?

Is a career with UNDP right for you? – Confused? No need to be confused anymore

The tagline of UNDP Careers is “Join a Life Changing Mission”

The next sentence is: “Are you passionate about world development and want to make a difference?”

Is a career with UNDP right for you? – Confused? No need to be confused anymore.

Prospective applicants can take a voluntary self-assessment to get valuable insight about your work expectations and whether it is a good match to some aspects of the work environment at UNDP!

Do you want to try it out, before proceeding further?

·       If Yes – Best of Luck

·       If No – Move ahead

·       If undecided – Come back decided

The choice is yours, yours only.

Brief about UNDP: -

UNDP is United Nations lead agency on international development.

UNDP works in 170 countries and territories to eradicate poverty and reduce inequality.

UNDP help’s countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and to build resilience to achieve the Sustainable Development Goals.

UNDP’s work is concentrated in three focus areas; sustainable development, democratic governance and peace building, and climate and disaster resilience.

One and Only Objective of this Blog Series: To increase the prospective applicant’s pool by 4X.

Let the prospective employer and prospective employee interact with each other to arrive at an optimum solution.

Nothing is perfect.

As on date, there are more than 300 open positions on the UNDP Careers webpage.

The openings are broadly divided into the following broad functions: -

Function 01) Democratic Governance and Peacebuilding.

Function 02) Sustainable Development and Poverty Reduction.

Function 03) Climate and Disaster Resilience.

Function 04) Crisis Response.

Function 05) HIV, Health and Development

Function 06) Gender Equality

Function 07) Management

Function 08) Other Opportunities i.e Not all jobs fit into a category; here are additional opportunities to join UNDP and be the talent that makes a difference for people and planet

 

Few Open Position Titles are as under:

·       Intern - Governance and Gender (Anti-corruption & Gender-based violence)

·       IC/UNDP/HEART/093/2022 - Senior Writing Consultant for Funding Request Proposal Malaria

·       Regional Climate Public Finance Management Specialist

·       Programme Coordinator– Climate Change and Gender

Few Open Positions have been re-advertised, sample as under:

·       Framework Agreement for Communications: Video and Photography (Re-Advertised)

·       Project Assistant (Re-advertisement) (4 positions)

The Open Positions are spread across the world, few examples are:

·       Bangkok, THAILAND

·       Thimphu, Bhutan

·       Cox's Bazar, BANGLADESH

·       Bangalore, India

         

Disclaimer: These are my personal views only. I am solely responsible, for errors, if any.

I am in no way associated with the above prospective employer

Readers are requested to always refer to the prospective employer’s official website for the latest updates.

Do not depend on 3^rd party websites, including mine!!

The images are used for representational purposes only.

Copyrights rest with original copyright holders.

The bottom line is Safe ePayments. Nothing More-Nothing Less.

My world revolves around Safe ePayments.  

  

DBS is looking for 11 Business Enablers across India. Do you fit in?

 

DBS is looking for 11 Business Enablers across India. Do you fit in?

One of the most prominent sentences on DBS Career webpage is:

“Notice on Fraudulent Recruitment Offers - If you have queries regarding the legitimacy of the recruitment offer that you have received, you may send your query to hrrecruit@dbs.com”

DBS Bank is the first among large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank.

DBS provides an entire range of banking services for large, medium and small enterprises and individual consumers in India.

In November 2020, Lakshmi Vilas Bank was amalgamated with DBS Bank India Limited.

This opened up multiple new positions in DBS India.

One and Only Objective of this Blog Series: To increase the prospective applicant’s pool by 4X.

Let the prospective employer and prospective employee interact with each other to arrive at an optimum solution.

Nothing is perfect.

          In the last couple of weeks, DBS Career Page has added 11 new positions under the broad category of ‘Business Enablers’

In Brief:

The positions are spread across Telangana / Maharashtra / Karnataka

The locations are Hyderabad / Mumbai / Hubli

Few Job Titles are:

Sample Job Title 01) Specialist - User Experience Research

Sample Job Title 02) Assistant Vice President, Business Analyst, Consumer Banking & Core Engine

Sample Job Title 03) Partnership Lead

Sample Job Title 04) Assistant Vice President, Reporting & Analytics Lead, Consumer Banking & Core Engine

Examples of Job Families are: Technology / Sourcing / Digital / COO Office / Operations / Analytics

Each Job has a specific Job Number. The job number is the key identifier in the whole recruitment cycle. The job number is particularly useful, when an applicant feels he / she can fit into two or more roles.

So, if you are applying for multiple opening in DBS Bank, make sure to remember the Job ID for easy navigation.

The recruitment process at DBS is spread over six steps: -

Step 01) Application

Step 02) Assessments

Step 03) Interview

Step 04) Pre-Employment Screening

Step 05) Compensation Discussion

Step 06) Offer & Onboarding

 

Please note to get to the step 6, you should take the lead of completing step 1. Unless you do not complete step 1, you cannot move ahead.

So go ahead, and take the plunge.

 

Disclaimer: These are my personal views only. I am solely responsible, for errors, if any.

I am in no way associated with the above prospective employer

Readers are requested to always refer to the prospective employer’s official website for the latest updates.

Do not depend on 3^rd party websites, including mine!!

The images are used for representational purposes only.

Copyrights rest with the original copyright holders.

The bottom line is Safe ePayments. Nothing More-Nothing Less.

My world revolves around Safe ePayments.   

State Bank of India is looking for 16 Sector Credit Specialists on Regular Basis.

State Bank of India is looking for 16 Sector Credit Specialists on a Regular Basis.

Please note:

01)  The openings are offered on Regular Basis i.e regular banking pay scales.

02) Candidates are to apply through the On-Line channel only.

03) The applicants' age range should be between 25 years to 35 years as on 01/10/2022

04) The suggested place of posting is Corporate Centre, Mumbai. However, selected candidates may be posted anywhere in India.

One and Only Objective of this Blog Series: To increase the prospective applicant pool by 4X.

Let the prospective employer and prospective employee interact with each other to arrive at an optimum solution.

Nothing is perfect.

Visitors to State Bank of India - Career Page are welcomed with the following paragraph: -

Quote

State Bank of India provides many opportunities for young graduates as well as experienced professionals for accelerated career growth.

Discover all the opportunities below to join the largest bank of the country and work in an exciting, motivating, meritocratic and truly collaborative environment.

Unquote

Post Name - Sector Credit Specialist

Basic Qualification - (as on 01.10.2022) -- CA / MBA (Finance) / Master Degree in Finance Control / Master in Management Studies / PGDM(Finance) OR equivalent.

Post Qualification Work Experience as on 01.10.2022 & Specific Skills:

For MMGS III - 5 Years.

For SMGS IV - 8 Years dealing with high-value corporate credit in Banks/ PSUs/ Corporates.

Analysis in any of the Sectors eg. Engineering & EPC, Banks & NBFCs, Infrastructure, Real Estate, Metal & Metal Products, Chemical / Pharmaceuticals / Fertilizers / Plastics / Other Manufacturing, Other Non-manufacturing, International Credit, Renewable Energy etc.

Specific Skills: Sector-Based Credit Analysis.

In Brief: -

Selection Procedure: The selection will be based on shortlisting-cum-interaction.

Shortlisting: The Shortlisting Committee constituted by the Bank will decide the shortlisting parameters and thereafter, an adequate number of candidates, as decided by the Bank will be shortlisted (subject to availability) and called for interview.

Merit List: Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate score the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit.

Job Profile: Risk Assessment categorizing the Credit Proposals into various Risk Levels (Low, Medium, High).

Evaluation of the macro risks and Subjective risk pointers & give observations to enable the Committee involved in sanction to take an informed decision.

For the complete KRAs, drop in at the respective career page.

Disclaimer: These are my personal views only. I am solely responsible, for errors, if any.

I am in no way associated with the above prospective employer

Readers are requested to always refer to the prospective employer’s official website for the latest updates.

Do not depend on 3^rd party websites, including mine!!

The images are used for representational purposes only.

Copyrights rest with the original copyright holders.

The bottom line is Safe ePayments. Nothing More-Nothing Less.

My world revolves around Safe ePayments.  

  

If you are focussed on ‘Analytics’, HDFC Bank may be interested

 27/12/2022

If you are focussed on ‘Analytics’, HDFC Bank may be interested.

One and Only Objective of this Blog Series: To increase the prospective applicant pool by 4X.

Let the prospective employer and prospective employee interact with each other to arrive at an optimum solution.

Nothing is perfect.

As of date, HDFC Bank is looking to fill in 20 Vacancies in the ‘Analytics’, expanded Job Function.

The majority of the openings are in Mumbai.

The other cities where there are openings are Pune / Gurgaon / Chennai

Under Analytics, HDFC Bank is specifically looking to fill in Marketing Analytics / Risk Analytics / Retail Business / Finance / Others.

The openings are not restricted to a single tag, but have multiple tags associated to encourage more applications.

The Job Titles of few positions are: Sr Analyst-Business Finance / Campaign Analyst / Rating Analyst / Risk Analyst-RRA / Data Engineer-Marketing Analytics / Data Scientist / Lead Data Scientist / Senior Data Scientist / RAU-Risk Analyst / Analytics Manager / ERM Analyst

For the complete list, do visit the Careers Page of HDFC Bank.

The experience varies from position to position. Few examples are: 1 - 2 Years / 2 - 4 Years / 5 - 6 Years / 2 - 3 Years / 2 - 15 Years / 0 - 30 Years / 0 - 13 Years

The expectation varies from position to position. Few examples are: To identify and closely monitor accounts that are in stress, in order to devise and implement account strategy / Providing feedback to the Analytic team basis interactions with branch banking / Preparation of Board notes/ policies/ periodic presentations / Layer-wise comparative analysis on AMB / EOP

The experience varies from position to position. A few examples are: Analytical Skills / Strong in MS Excel/dashboard creation and handling a large amount of data / Knowledge of Retail Assets / Building and managing ETL workflows and Familiarity with an ETL tool (e.g., SSIS, Airflow)

So, basis your experience/skill sets you can apply to the position, you feel you can fit in.

The first step begins with sharing your Resume through the designated channel to enable HDFC Bank Careers Team to take it forward.

 

 

Disclaimer: These are my personal views only. I am solely responsible, for errors, if any.

I am in no way associated with the above prospective employer

Readers are requested to always refer to the prospective employer’s official website for the latest updates, as ‘Change is Only Constant’

Do not depend on 3^rd party websites, including mine!!

The images are used for representational purposes.

Copyrights rest with the original copyright holders.

The bottom line is Safe ePayments. Nothing More-Nothing Less.

My world revolves around Safe ePayments.  

 

Are you interested to join IDFC Bank Collections Team? Go ahead NoW

 Are you interested to join IDFC Bank Collections Team? Go ahead NoW

          As of date, IDFC Bank has around 33 openings across India in their Collections Team.

They are looking for a mix of freshers and experienced candidates. Eg: - Fresher/ Entry (0-2 years) / Mid-Level (5- 10 years) / Young Banking Professionals (2- 5 years)

They are looking to fill the openings across India. Eg: - Delhi/ Chandigarh/Bathinda/Jaipur/Guwahati/Muzaffarpur

They are looking for experience in Collections. Eg: - Candidate should have experience in SARFAESI / Track & control the delinquency of the area, Bucket-wise & DPD wise and focus on non-starters / Tracing out absconded default customers and initiate the recovery process

The Collections can be of Assets in a specific geographical area. Eg: - / Responsible for managing and undertaking collections process for debts that have been assigned / Regularly track the portfolio for specific buckets for the assigned area

The collections can be of Assets of a specific pool. Eg: - Consumer Durable / Used Cars / Suvidha LAP / Payout Team / 2 Wheeler Loan / Business Loan / Micro Finance / XSELL 

One and Only Objective of this Blog Series: To increase the prospective applicant’s pool by 4X.

Let the prospective employer and prospective employee interact with each other to arrive at an optimum solution.

Nothing is perfect.

In case you come across any fraudulent correspondence related to job openings or offers at IDFC FIRST Bank, please email them immediately at: hiring.vigilance@idfcfirsbank.com

 

·       Disclaimer: These are my personal views only. I am solely responsible, for errors, if any.

·       I am in no way associated with the above prospective employer

·       Readers are requested to always refer to the prospective employer’s official website for the latest updates.

·       Do not depend on 3^rd party websites, including mine!!

·       The images are used for representational purposes.

·       Copyrights rest with original copyright holders.

·       The bottom line is Safe ePayments. Nothing More-Nothing Less.

·       My world revolves around Safe ePayments.