UCO Bank has released an official notification for the recruitment of Local Bank Officers (LBO) for the 2025-26 cycle. This opportunity is open to eligible candidates seeking a career in the banking sector, with 250 vacancies across various states. Below are the key details:
Important Dates
- Online Application Starts: January 16, 2025
- Application Deadline: February 5, 2025
- Examination Date: To be announced on the official website.
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Vacancy Details
The total number of vacancies is 250, distributed across multiple states, including Gujarat, Maharashtra, Assam, Karnataka, and more. Each state requires proficiency in the local language. For instance:
- Gujarat: 57 vacancies (Gujarati language proficiency required)
- Maharashtra: 70 vacancies (Marathi language proficiency required)
- Assam: 30 vacancies (Assamese language proficiency required)
Candidates must apply for vacancies in one state only and demonstrate local language proficiency during the selection process.
Eligibility Criteria
1. Educational Qualification:
A bachelor’s degree in any discipline from a recognized university.
2. Age Limit (as of January 1, 2025):
- Minimum: 20 years
- Maximum: 30 years
- Age relaxation is applicable for reserved categories as per government norms.
3. Local Language Proficiency:
Candidates should be able to read, write, and speak the language of the state they are applying for.
Pay Scale and Benefits
Selected candidates will be appointed under the Junior Management Grade Scale-I, with a pay scale starting at ₹48,480 and increasing to ₹85,920 based on years of service and promotions. Additional benefits include Dearness Allowance (DA), House Rent Allowance (HRA), and medical benefits.
Application Process
Candidates must apply online via the UCO Bank official website (www.ucobank.com). The application process includes:
- Online registration
- Uploading of documents, including photographs and signatures
- Payment of application fees:
- SC/ST/PwBD: ₹175 (inclusive of GST)
- Others: ₹850 (inclusive of GST)
Selection Process
The recruitment process involves:
- Online Written Test (200 marks): Includes reasoning, computer aptitude, general awareness, and data analysis.
- Language Proficiency Test: Candidates may skip this if they have a certificate from 10th/12th grade as proof of language proficiency.
- Personal Interview (100 marks): Minimum qualifying marks vary by category.
The final selection will be based on a weighted score of 80% from the online test and 20% from the interview.
Key Notes
- Candidates must ensure all details are accurate in their application, as no changes are allowed post-submission.
- A two-year service bond is mandatory for selected candidates.
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- In February 2025, the Indian government announced plans to reduce its stake in several public sector banks. Which of the following banks is included in this plan?
- a) State Bank of India
- b) UCO Bank
- c) Punjab National Bank
- d) Bank of Baroda
- What is the primary objective behind the Indian government’s decision to dilute its shareholding in certain public sector banks in 2025?
- a) Privatization of banks
- b) Compliance with public shareholding norms mandated by SEBI
- c) Merging banks to form larger entities
- d) Reducing non-performing assets
- As of February 2025, what percentage of shareholding does the Indian government hold in UCO Bank?
- a) 75%
- b) 85%
- c) 95.4%
- d) 98.3%
- Which regulatory body in India mandates that companies maintain a minimum of 25% public shareholding?
- a) Reserve Bank of India (RBI)
- b) Ministry of Finance
- c) Securities and Exchange Board of India (SEBI)
- d) National Stock Exchange (NSE)
- In February 2025, the Reserve Bank of India (RBI) revised certain norms for urban co-operative banks (UCBs). What is the new cap for classifying loans as small-value loans?
- a) ₹1 million
- b) ₹2 million
- c) ₹2.5 million or 0.4% of Tier I capital, whichever is higher
- d) ₹3 million
- What is the revised aggregate exposure limit for residential mortgages for urban co-operative banks as per the RBI’s February 2025 guidelines?
- a) 15% of total loans and advances
- b) 20% of total loans and advances
- c) 25% of total loans and advances
- d) 30% of total loans and advances
- In February 2025, the RBI allowed depositors of which financially troubled co-operative bank to withdraw up to ₹25,000 from their accounts?
- a) Punjab and Maharashtra Co-operative Bank
- b) New India Co-operative Bank
- c) Saraswat Co-operative Bank
- d) Cosmos Co-operative Bank
- What was the primary reason for the RBI imposing restrictions on the New India Co-operative Bank in February 2025?
- a) High non-performing assets
- b) Financial irregularities and concerns over the bank’s supervision and liquidity
- c) Failure to meet priority sector lending targets
- d) Inadequate capital adequacy ratio
- As of February 2025, what is the liquidity deficit in India’s banking system, prompting analysts to suggest that the RBI infuse funds?
- a) ₹500 billion
- b) ₹1 trillion
- c) ₹1.7 trillion
- d) ₹2 trillion
- In February 2025, the Reserve Bank of India launched the Financial Literacy Week. What was the theme for this year’s campaign?
- a) Digital Banking Awareness
- b) Financial Literacy – Women’s Prosperity
- c) Savings and Investments
- d) Cybersecurity in Banking
- Which Indian bank became the official banking partner of the Professional Golf Tour of India (PGTI) in February 2025?
- a) State Bank of India
- b) IndusInd Bank
- c) HDFC Bank
- d) Axis Bank
- In February 2025, which Indian state approved a new land law aimed at regulating land use and ownership?
- a) Maharashtra
- b) Uttarakhand
- c) Karnataka
- d) West Bengal
- As of February 2025, who is the current Chairman of UCO Bank?
- a) Atul Kumar Goel
- b) Soma Sankara Prasad
- c) Rajkiran Rai G
- d) Dinesh Kumar Khara
- In February 2025, which Indian bank launched the ‘Digital Rupee’ mobile app compatible with the Unified Payments Interface (UPI)?
- a) State Bank of India
- b) Canara Bank
- c) Punjab National Bank
- d) Bank of Baroda
- What is the primary purpose of the ‘Digital Rupee’ introduced by the Reserve Bank of India?
- a) To replace physical currency
- b) To provide a digital alternative to cash, enhancing the digital economy
- c) To compete with cryptocurrencies
- d) To facilitate international trade
- In February 2025, which Indian bank launched the ‘Credit Line on UPI’ service for merchant payments?
- a) Paytm Payments Bank
- b) PhonePe
- c) Google Pay
- d) Amazon Pay
