Important Dates
|
Particulars |
Date |
|
Commencement date of on-line application |
3rd February 2024 |
|
Last Date of the online application |
23rd February 2024 |
|
Date of Online Examination |
Tentaive |
Number of Vacancies
|
Post / s |
Minimum Age |
Maximum Age (as on 01.02.2024) |
Total Vacancies |
|
Assistant Manager (Forex) Scale I |
20 |
30 |
73 |
Relaxation in Age Limit
|
Category |
Age Relaxation |
|
Scheduled Caste/ scheduled Tribe Candidates |
By 5 years |
|
Other Backward classes (OBC) Candidates (Non-Creamy layer) |
By 3 years |
|
Persons with Benchmark Disability (PwBD) –
|
By 10 years |
|
Ex-Servicemen, Commissioned Officers, including Emergency Commissioned Officers (ECOs/Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (Including those whose assignment is due to be completed within one year from the date of notification) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment. |
By 5 years |
|
Persons affected by 1984 riots |
By 5 years |
Qualification (As on 23.02.2024)
|
Posts |
Qualifications |
|
Assistant Manager (Forex) Scale I |
Graduate in any discipline from a University/Institution recognized by Govt. of India/approved by Govt. Regulatory bodies with a minimum of 60% marks in aggregate. (Minimum 55% for SC/ST/OBC/PwBD candidates) AND Full time regular MBA/PGDBA/PGDBM/PGPM/PGDM with Specialization in Finance / International Business/Trade Finance from a University/ Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies with minimum 60% marks in aggregate and should be of minimum 2 years. (Minimum 55% for SC/ST/OBC/PwBD candidates) Certificate Course in Forex conducted by IIBF along with above mention qualification will be preferred and any other course in foreign exchange from any recognizedinstitution will also be given preference. |
Experience (As on 23.02.2024)
|
Assistant Manager (Forex) Scale I |
|
Nil |
Probation Period
|
Scale |
Probation Period |
|
Scale I |
2 years |
Service Indemnity Bond
Selection Procedure
The selection process may comprise of Online Examination / Group Discussion (if conducted)/Screening of applications and / or Personal Interview depending on the numbers of applicants/eligible candidates. The Bank reserves the absolute right to decide as to whether to use all or any of these modes for selection for the notified posts.
|
Name of section |
No. of questions |
Time allotted |
|
Quantitative Aptitude |
25 |
120 Minutes |
|
Reasoning |
50 |
|
|
Professional knowledge |
50 |
|
|
English Language |
25 |
|
|
Total |
150 |
Note: There will be a penalty for wrong answers marked in the online examination. For each question for which a wrong answer has been given by the candidate, one fourth or 25% of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the applicant; there will be no penal mark for that question.
Syllabus
Quantitative Aptitude
- Data Interpretation
- Data Sufficiency
- Number Series
- Time and Work
- Time and Distance
- Approximation
- Simple and Compound Interest
- Ratio and Proportion
- Averages
- Mixture and Allegation
- Pipes and Cisterns
- Problems based on trains
- Percentages
- Partnership
- Profit, Loss and Discount
- Elements of Algebra
- Quadratic Equations
Reasoning Ability
- Puzzles
- Seating Arrangements
- Coding & Decoding
- Syllogism
- Machine Input Output
- Direction Sense Test
- Blood Relations
- Problems based on Ages
- Rankings
- Data Sufficiency
- Statement and Conclusions
- Statement and Assumptions
- Statement and Arguments
English Language
- Reading Comprehensions
- Para Jumbles
- Vocabulary
- Error Spotting
- Cloze test
FOREX Professional Knowledge
Module A
- Different Kinds of Inter‐Bank Forex Markets
- Nature of Transactions
- Cross Border Currency Flows
- Liberalization of Exchange Control
- Role of Banks in Forex Market
- Export finance
Module B
- Exchange Rate Quotes
- Factors affecting Exchange Rates
- Exchange Rate Mechanism
- Spot and Cross and Forward Rates
- Premium and Discount
- Forward Contracts–Booking, Extension, Cancellation
Module C
International Treasury- Market Participants
- Various Forex Treasury Products
- Volatility of Major Currencies
- Currency Trading
Module D
Law- FEDAI Rules
- FEMA Regulations for Import / Export Transactions ‐
- Current A/c Rules –Capital Account Transactions.
- FDI / FPI Guidelines in India and impact of Inflows &
- Outflows on Forex Treasury.
- GDRs / ADRs, Tandoori Bonds, Pass Through Certificates.
- Loan Syndications and FRN
- Interest Rates and Volumes
- Tax Implications
Module E
- Futures, Options and Swaps
- Price Calculation of Various Instruments
- Swaps ‐ Outright Deals, Dealer Operations
- Trends in Futures Market
- Short Term Interest Rate Futures
Module F
RBI circulars and related laws- RBI circulars (2 year)
- Impact of Recent Global Crises – Role of IMF, FEDAI/WORLD BANK/NEW DEVELOPMENT BANK/AIIB BANK.
- Contract act 1872
- Banking regulation 1949
- RBI act 1934
- Negotiable instruments act 1881
- Companies act
- Payment and settlement act 2007
- Government sponsored schemes
Module G
- Indian Financial System
- Regulatory bodies in India
- Money market and Capital market instruments
- Time value of money
- Basics of derivatives
- Leverages
- Capital budgeting
Module H
- Documentation
- IRAC norms
- Types of charges
- Management of impaired assets
- IBC 2016
- SARFAESI AC
Module I
- Basics of Financial statements
- Ratio analysis
- Cash flow statement
- Fund flow statement
- Project appraisal
- Working capital management
- CAPM
Union Bank of India Assistant Manager (Forex) Scale I Course by Team BankExamsToday
- Daily video classes
- Study Material
- Live sessions
- Unit tests
- Special attention to Professional knowledge section from Day 1
- 5 full-length mock tests
- Interview preparation guide
