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Bank has deputed Officers in Scale I to III as Directors of RUDSETIs and RSETIs under the Canara Bank Centenary Rural Development Trust(CBCRDT). 21,339 to Rs. Hence all funds released by the Bank to the above Trusts  and the Trust to be set up exclusively for CSR activities are to be reported under CSR. endobj In addition to the projects, activities of short duration like organizing blood donation camps, sports for differently abled people, entrepreneur development programmes, awareness camps, etc. The total vacancy of IBPS PO 2020-21 is now out and we have listed the bank-wise vacancy details for you below. The above provisions of the Companies Act relating to CSR and CSR rules notified on 27.02.2014 came into force from 1.4.2014. Companies Act provides that CSR activities can be undertaken through a Registered Trust or a Registered Society or a company established by us or our group companies. %PDF-1.5 This leads to social, physical and financial exclusion of such groups. The thematic  area/sector (as per Companies Act), location, project period, cost of project, sources of funds, type of assistance (implementation + gestation + evaluation), implementation schedule, intended benefits to people and planet in measurable terms, monitoring mechanism of implementation, process of impact study, evaluation (methodology, valuation agency, period), Accounting, Audit (mode of access if revenue generating – Treatment of surplus generated out of the asset/project). Bank has established a ‘ Community Development Section’ under FI Wing whose activities include organizing blood donation camps, health check up camps, career guidance and other socially relevant programmes involving the employees of the Bank. The number of vacancies plays a major role in the cut off declaration. The Expenditure and impact study of the activities undertaken will be audited every year. Transfer policy in public sector banks has been a topic of interest for many candidates who are willing to join the banking sector. The contribution of the Bank has received wide recognition and the Bank has been bestowed with various awards and accolades for its efforts under CSR arena. House Rent Allowance (HRA): This varies according to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations. This expenditure for capacity building will be included under CSR. © 2019, Canara Bank. x��}io\G��w�����F���z�a��e�ؔF�x �@C�4�6�bˤ����}3"�ޫ�v1�E�e�^fDddf\�q�����_��ݬ���ރ���w�OOV��{����^�ǽW��O�=?>;�:�9�^ݿ�z����_%Ԧ�+�m&��M5���|����~�����6{�������Fh��ׯ�b�N���D���F���˯��Vg��ӯ�����Zl����z:8_��w�Cq�y��� Write a comment. d) The Policy will be reviewed annually or as and when required to bring desired modifications/improvements. h) Bank shall adopt a policy to safeguard the assets and properties of Trust and Centres established by it solo and/or jointly with others and shall not allow its alienation, sale or transfer of any of its properties. Financial background – Sources of funding, net worth, financial status for the last 3 years, names of Auditors, etc. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly and the differently abled and livelihood enhancement projects; Promoting gender equality, empowering women, setting up homes and hostels for women and orphans, setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups; Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water. Bank will explore formation/setting up of another Trust/Society/company for CSR activities for other than the activities carried out by the existing two Trusts. The performance under CSR initiatives is included under “Business Responsibility Report” of Annual Report of the Bank. Companies Act 2013 is a step in that direction mandating companies to spend a minimum of 2% of their net profit on developmental activities. For instance, POs are eligible for up to INR 50 Lakhs as loan, while clerks can only get INR 30 Lakhs. The new Companies Act 2013 (enacted on 29.08.2013) brought in important provisions giving a direction to the CSR activities in the country, which has necessitated the bank to review and update the policy in line with the expectations of the new Companies Act. Eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water. Ours being a Bank with PAN INDIA presence, CSR activities can be taken up anywhere in the country, Service Area/command area of our branches, economically backward Districts (identified by the Planning Commission for Backward Regions Grant Fund), Districts with concentration of minorities, Scheduled Castes and Tribes and other vulnerable sectors. Specific objective which is quantifiable, achievable and measurable (at least evaluable), Scientific planning including financial planning (cost of project and means of finance). Applicants dreaming of bank jobs can apply online from 25th November 2020 by scrolling down. ibps-crp-viii-probationary clerks. In addition, Bank has facilitated setting up of below mentioned Trusts as their founder member. Special Allowance: 7.5%; After completion of the one-year service, you will an increment of 400/- and Rs. Providing opportunities to employees to voluntarily participate in the Bank’s CSR activities, utilizing their spare time. Bank has been taking up various activities in helping people and has earned the distinction of being social heart of the community in which it operates. Canara Bank is a prominent public sector bank which is known for its customer centric services. As per provisions of Section 135, a company with turnover of Rs.1000 crores or more OR a net worth of Rs.500 crores or more OR net profit of Rs.5 crore or more in any financial year shall, i) Constitute a CSR Committee of the Board with 3 or more Directors of which at least one Director will be an  independent Director, ii) Adopt a corporate social responsibility policy formulated and recommended by the CSR Committee. The bank PO is selected as good career option because it has many benefits such as it has tremendous job opportunities, challenging job tasks, excellent promotion policies (a good and fast-paced opportunity from PO to general manager), wonderful salary packages and job perks, fewer duty hours, great leave policies, stress-free environment, opportunity to work abroad, free trips across the country. DPE Guidelines permit creation of infrastructure facilities like schools, hospitals, training institutes, primarily created for benefit of underprivileged communities and society at large, but facilities are also availed by employees of the company and their families, are eligible to be classified under CSR provided employees do not exceed 25% of the total number of beneficiaries of such facilities. Foreign Exchange. Modalities for drawls and utilization of funds are fixed. ; After the 10th Bipartite Wage Settlement of 2015, a Bank Clerk’s salary has increased from now salary Rs. Regional Offices/Branches shall implement the projects sanctioned by Circle/Head Office and ensure end utilization. Canara Bank PO in the Test. CSR is a tool that invokes the participation of corporate citizens for addressing larger societal issues such as poverty, hunger and social justice. Major initiatives of the Bank under CSR have been the setting up of Trusts and Institutions which have created an impact in serving the people and society at large. Expenditure pertaining to CSR projects are permitted by the various committees at Head Office & Circle Office as per the delegation of powers. With the bigger brand name comes a decent salary package, professional work environment, better promotion policy and … We realize that CSR for our Bank is not just compliance, but it is a strategic business initiative to achieve sustainable triple bottom line growth. The bank also reserves the right to take over the ownership/physical possession of assets in the interest of protecting the property from misuse. endobj In case of such partnerships, bank will document a mutual expectations and impact matrix in the form of Memorandum of Understanding (MOU). Financial Ratios. Details of Life Assured (Person whose life is insured under Policy) Canara HSBC Oriental Bank of Commerce Life Insurance POS - Easy Bima Plan Provisions of Companies Act relating to CSR are both an opportunity and a challenge. You can get selected for various branches of Canara Bank nation-wide. CANARA BANK JMG I TEST PAPER. 5.PROVISIONS FOR EXCEPTION/RATIFICATION PROCEDURE AND ITS DELEGATION. g) Bank at its sole discretion, may allow its and/or jointly sponsored centers to accept grants, subsidies, donations, aids in any form of assets that will assist the centers to carry out the defined objectives. Due diligence of the implementing agency has to be carried out with reference to their eligibility, track record and impact created. Bank and Customer Relationship. Exposure to work at different places with varied cultural atmosphere across India. 402-406, 4th Floor, Himalaya House, P.B. Engaging the marginalized in India is further complicated due to language and literacy variances, information asymmetry, infrastructure constraints and geographical challenges. Eligibility of Trust /Agencies for project partnership, Projects and programmes that can be funded under CSR. <>>> The balance 20% allocation can be utilized for such activities. It provides an opportunity for regular funding substantially larger than the past annual CSR spending which, when well spent and good impact created, will enhance further the brand image and reputation of our Bank, which will in turn lead to increased business opportunities and growth. City Compensatory Allowance (CCA): This also depends on the place of posting and can be either 4% or 3 % or 0%. The expenditure for capacity building shall not exceed 5% of the total CSR expenditure of the company in a year. d) There shall be an annual review of the activities of our own Trusts and partnerships as well as the entire CSR portfolio to derive lessons and decide on course corrections during implementation. This is not applicable to the Trusts set up by the Bank. Each CSR proposal to contain following features: Implementation and Monitoring of Sustainability and CSR activities will be overseen by Committees formed at various levels as follows: Sub Committee of the Board on “Sustainable Development & Corporate Social Responsibility (SD & CSR) “, 2. GM-SD & CSR Committee is consisting of Four General Managers. Canara Bank PO exam 2020 is a leading banking sector exam for the recruitment of Probationary Officers. 80(G) /35 of IT Act. e) Bank will also follow an approach of documenting the impact created under its CSR activities which may include a system of third party assessment and evaluation. 1 0 obj This question paper was for the General Knowledge. The online test series for Canara Bank Probationary officer will help you analyse your preparation and improve it. Bank intends to review and update the CSR policy on an annual basis basing on the inputs received from implementation of the policy and guidelines received from time to time. In addition to the above committees at HO, to sanction the proposals at Circle levels, Sustainable Development & Corporate Social Responsibility (SD & CSR) Committees headed by the respective Circle Heads are constituted. Through Canara Bank PO 2020 recruitment event, candidates will be shortlisted for admission s to 1-year PGDBF course either through NITTE Education International Pvt Ltd., Greater Noida or Manipal Global Education Services Pvt Ltd., Bengaluru. Buy Canara Bank Promotion Exam Video Lecture Course = Rs 2000/- Call Us: 9999685127, 7827546946 www.jaiibcaiibstudymaterial.com Email ID: siddsinha123@gmail.com This policy was reviewed and updated basing on the Department of Public Enterprises (DPE) guidelines on Corporate Social Responsibility and Sustainability for Central Public Sector enterprises as Sustainable Development and Corporate Social Responsibility (SD&CSR) Policy of Canara Bank 2013-14. It synergizes  efforts of corporate and social sector agencies towards sustainable growth and development of social objectives at large. Non Toll Free Numbers(if calling from outside India). will be placed to SD & CSR Committee of the Board on quarterly basis and to the Board of Directors every year. Provisions of the Act permit implementation of CSR through the following methods. The Policy shall be a part of the training curriculum for all new employees, and all employees are expected to adhere to and comply with the Policy and its individual elements. www.recruitment.guru for more updates on the Canara Bank PO Examination 2019-20. iii) Ensure that the company spends in every financial year at least 2% of the average net profits of 3 immediately preceding financial years under the                  CSR policy. <> Exception/ratification, if any, shall be sought from the sanctioning authorities. Transfer Policy … of India conveyed through Companies Act and rules and other interactions through Finance Ministry, RBI and all other stakeholders. ... What is the transfer policy and promotion policy of CAN Bank?? 2 Lakh per proposal within the overall budget allotted to Circle) and will also forward the proposals falling under the HO powers with their views and recommendations. Projects and programmes to be undertaken to be specified. The process is for the prestigious one-year training course which shall help you gain a Post Graduate Diploma in Banking and Finance (PGDBF). Bank has also been partnering with like minded organizations for CSR activities in the area of livelihood creation, education, health and environment and participated in meaningful activities. SBI PO and IBPS PO both are the most sought after job profiles in the banking sector. 4 0 obj engagement of deputy managing trustee for canara financial advisory trust (cfat) on contract basis . The policy is reviewed and updated for the year 2019-20. Through its own non-profit Trust or Foundation set up for CSR initiatives, iii. Evaluation of the project by deciding on the measurable outcomes and process of evaluating the impact. @�)-6z-j�2��Z�P���Z㸆����. 262, 7, FORT, MUMBAI - 400 001 (022) 22617872; 1&70, II Floor , P.B. The Trusts/Centres shall generally be barred from raising loans and advances without the specific consent of the bank. The Overseeing Executives and Section Heads of MIPD and AF Sections shall be the other members. on study material and on … Bank documented its CSR policy in the year 2011-12. Spending by way of grants and donations for different requests received without a meaningful strategy will result in very little sustainable impact. CSR was initially a voluntary effort of the corporate organization to contribute to the welfare of the society, to which it owes its existence and derives its strength. Wherever an income generating asset is funded under CSR and agency generates revenue out of it, the details of such revenue should be maintained separately and not to be taken into the business profits of the organization. Canara Bank conducted an exam in 2009 to shortlist prospective candidates for the position of Provisional Officer. We define our CSR objective as “to create a measurable positive impact on economic, social and environmental success and brand image of our Bank and group, through well designed, directed and sustainable interventions either own or in partnership with other reputed like minded organizations in thematic areas of livelihood, education, health and environment aimed at improving the quality of life of weaker and vulnerable sections of people”. In this post we are giving you all the details regarding Canara Bank clerk to Officer eligibility criteria, syllabus and exam pattern for the Canara bank Clerical Cadre promotional exam. Increase in business and profit will in turn lead to increase in CSR allocation and in this way, bank will be on a sustainable high growth trajectory. The Committee is also responsible for the overall monitoring and review of the Policy, allied management systems and sustainability initiatives undertaken by the Bank periodically to ensure their continuing applicability and relevance to the Bank’s operations and evolving stakeholders’ expectations. The applicants must submit duly filled Canara Bank 2019 application forms before the last date. The Online Objective Test will be conducted on 23rd December 2018.Candidates who clear the exam will be called for Group Discussion and Personal Interview. recruitment project -1/2019 – advisor-treasury on contract basis Vision of our founder Sri Ammembal Subba Rao Pai that, “a good Bank is not only the financial heart of the community, but has also an obligation of helping in every manner to improve the economic conditions of the common people” has been the guiding principle of the Bank’s CSR activities from the beginning. Forex-NRE-NRO-NRI. 2 0 obj The Committee will scrutinize all the proposals and take appropriate decision. Canara Bank PO Final Result 2019 Merit List , Cutoff Marks , Joining Letter. Sign up and browse through relevant courses. ii. We understand that well meaning and well implemented CSR will build corporate reputation and trust. Bank has also provided on the job training's which help me a lot to improved managerial skills and encompassing Management ethics. Generally, the project shall have the following salient features: DPE Guidelines on CSR prefers implementation of CSR in project mode and recommends earmarking of 80% of the annual budget for activities in project mode. It should be a Registered Trust/society/company. Established track record of 3 years in undertaking CSR programmes/projects. The committee shall approve the proposals beyond the delegated powers of ED-SD&CSR Committee. The agency should utilize the funds for the sanctioned project & purpose and provide documentary evidence of utilization with bills and vouchers. CSR rules specify CSR activities and gives directions regarding CSR Policy, CSR Committee, CSR expenses and CSR reporting. endobj Sustainable Development & Corporate Social Responsibility (SD & CSR) committee of the Board: Implementation and Monitoring of Sustainability and CSR activities will be overseen by a three member sub-committee of Board named “Sustainable Development & Corporate Social Responsibility (SD & CSR) committee” headed by the Managing Director & CEO. No. Executive Director overseeing  functioning of PCFI Wing, Above Rs.50.00 lacs by Management Committee. The audit findings will be placed before the Sub-committee of Board on SD & CSR. Hence such needs also to be considered. This year IBPS PO Vacancy released are 3517. CSR rules also permit companies to build CSR capacities of their own personnel as well as the staff of implementing agencies through training institutions with established track records of at least 3 years. c) The performance under CSR activities is included under “Business Responsibility Report” which forms an integral part of “Annual Report” of the Bank. Bank continues to actively fund and also involve in the activities of these Trusts under its CSR. Agency should execute an MOU agreeing to the above and other terms and conditions specified in the sanction. Take 100% Free Online Mock Test Series for Canara Bank PO 2020 Exam and other online banking exams. Opportunity to employees to engage full time for short duration in CSR activities and considering that duration as one on Bank’s duty. 4. Products: The following products are being offered to our customers under this tie-up arrangement. Welcome to Canara Bank, Ideal destination for Personal Banking need! The committee shall approve the proposals beyond the delegated powers of GM-SD&CSR Committee. Most employees who secure a promotion from their clerical jobs to an officer post are also retained within their home state. /Agencies for project partnership, projects and programmes to be carried out with reference to eligibility! A tool that invokes the participation of corporate citizens for addressing larger issues. Undertake to keep separate records relating to CSR and CSR reporting the List of 10 activities under. Financial advisory Trust ( cfat ) on contract basis vacancies plays a major role in the cut declaration. And advances without the specific consent of the Companies Act, projects/programmes/activities that fall the! Conducted an exam in 2009 to shortlist prospective candidates for the Canara Bank conducts internal exam... Authorities, job recruitment 2018 and insider ’ s duty on SD & Committee... 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