Canara Bank Specialist Officer: Law Manager 2020

Dear Readers,

Here we are sharing the Important information about the latest notification about the Exam date, Number of vacancies, Exam pattern and Syllabus for Canara Bank Specialist Officer: Manager-Law according to the latest pattern. This syllabus isn't official, we have framed this syllabus based on the latest exam trends and previous year's papers.

 

Important Dates

Events	Date
Payment of Application Fee / Intimation Charges	From 25.11.2020 to 15.12.2020 [both days inclusive]
Opening Date and closing date for on-line [both days inclusive] registration in Website
Online Examination	14 February 2021

Vacancy Details

Sr.No.	Post	Scale	Age as on 01.10.2020 (incl.) (Years) min - max	Total number of posts
1.	Manager – Law	MMGS-II	22-35	43

Eligibility Criteria

All the eligibility [age, educational qualification, post qualification work experience etc.] shall be computed as on 01.10.2020.

Educational Qualification

• Graduate with a Degree in Law or a Law Graduate who has passed five years integrated course from the university recognized by the Government of India.

Post Qualification Work Experience

Minimum of 3 years –

    i. Active experience as practising advocate AND/OR

    ii. Experience as Law Officer in the Legal Department of Scheduled Commercial Bank /State or Central Govt./ PSU

The above experience should be after enrolment as advocate with Bar Council.

Canara Bank SO Law Manager Course by Ramandeep Singh
Video class + Test series + Quizzes
Take a Demo
+91-9067201000

Application fee & Intimation charges (Non-Refundable):

Category	Amount of Fees / Intimation Charges
SC/ST/PWBD	Rs. 100+ GST [Intimation Charges only]
All Others	Rs.600 + GST

Probation & Bond:

Scale	Probation Period (Active service)	Bond
		Amount	Minimum Service Period
JMGS-I	Two Years	Rs. 1 Lakh + GST	2 Years
MMGS-II	One Year	Rs. 1 Lakh + GST	3 Years
MMGS-III	One Year	Rs. 1 Lakh + GST	3 Years

Exam Pattern

Subject	No. of Questions	Marks	Time
Professional Knowledge in the area of specialization	50	100	2 hours
Test of English	50	50
Latest Developments in Banking Industry	50	50
Total (Total Weighted Score)	150	200
There will be negative marks for wrong answers in the Objective Test. Bank will decide the minimum cut-off marks for each subject as well as Total Score. Each candidate will be required to obtain a minimum score in each subject and also a minimum total score as decided by Bank to be considered for Group Discussion and Interview. Bank reserves the right to modify the structure of the examination which will be intimated through Bank’s website. Candidates reporting late i.e. after the reporting time specified on the Call Letter for Examination will not be permitted to take the examination. Depending on the number of vacancies, such of those candidates who rank sufficiently high in the order of merit in the online test as per the cut-off marks decided by the Bank and number of candidates required for Group Discussion and/or Interview in certain ratio decided by the Bank, will only be called for Group Discussion and/or interview.

Penalty for Wrong Answers

There will be a penalty for wrong answers marked in the Objective Tests. For each question for which a wrong answer has been given by the candidate, one fourth or 0.25 of the marks assigned to that question will be deducted. If a question is left blank, i.e. no answer is given by the candidate; there will be no penalty for that question.

Syllabus for Canara Bank Specialist Officer: Manager-Law Exam 2020

Professional Knowledge (Law) Syllabus

• Companies Act, 2013
• Indian Contract Act, 1872
• Limited Liability Partnership Act, 2008
• SEBI Act, 1992
• SC(R) Act, 1956
• Depositories Act, 1996
• Taxation law - Income tax act and GST
• Indian Partnership Act, 1932
• Limitation Act, 1993
• Law of Trusts – Parties to a Trust Deed and Duties of Trustees
• Reserve Bank of India Act, 1934
• Negotiable Instruments Act 1881
• Constitution of India
• Specific Relief Act, 1963
• Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002
• The Right to Information Act, 2005
• Transfer of Property Act, 1882
• Banking Regulation Act, 1949
• IPC, 1860
• CrPC, 1973
• Indian Evidence Act, 1872
• CPC, 1908
• Jurisprudence and Interpretation of Statutes
• Important Latin terms and maxims
• Law of Torts and Consumer Protection Act, 2019
• Arbitration and Conciliation Act, 1996
• Transfer of Property Act, 1882
• Foreign Exchange Management Act,1999
• The Prevention of Money Laundering Act, 2002
• Information Technology Act, 2000
• Banker’s Books Evidence Act, 1891
• The Recovery of Debts due to Banks and Financial Institutions (DRT) Act,1993
• Consumer Protection Act, 1986
• Banking Ombudsman Scheme, 2006
• Credit Information Bureau (India) Limited, 2000

English Language

• Reading Comprehensions
• Para Jumbles
• Para Completion
• Vocabulary
• Error Spotting
• Sentence Improvement
• Cloze test
• Rearrangement of sentences

Latest Developments in Banking Industry

• RBI’s circulars
• Banking Reforms
• Latest banking products
• Regulatory Bodies in India- NABARD, SEBI etc.
• International Banking
• Important RBI Circulars
• Important Loan Agreements with National/International Organizations 
• Apps and Portals Launched by Banks
• Latest Updates in Financial & Capital Markets
• Financial Terms
• Banking Terms
• Latest Acts related to Banking
• Priority Sector Lending
• NPA - latest news
• SARFAESI Act
• RBI Monetary Policy
• Capital & Money Market Instrument
• Commercial Banks, NBFCs, HFC - Latest news
• Mergers and Acquisitions in Banking Companies
• Credit Rating and Agencies
• Payment Options- NEFT, RTGS, Bharat Bill payment etc.