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[Economy] Liquidity Adjustment facility (LAF), Marginal Standing facility
(MSF), Repo, reverse repo, SLR, CRR, NEFT, RTGS, NDTL: meaning explained
Z-Miscellaneous (http://mrunal.org/category/miscellaneous) / 3 years Ago
1. Liquidity?
2. What is Cash reserve ratio (CRR)?
3. WHY CRR: Cash reserve ratio?
4. WHY SLR: Statutory liquidity ratio?
5. Bank Runs: SLR+CRR
6. WHY Priority Sector lending?
7. What is NDTL?
8. Reverse repo rate?
9. What is repo rate?
10. Repo rate vs Bank rate?
11. What is LAF?
12. What is RGTS?
13. What is Marginal Standing facility (MSF)?
14. Di erence between LAF and MSF
15. Food for thought
16. Open market operations?
17. Mock Questions

Liquidity?

Liquidity is a relative term.

For assets: Rs.1 crore worth gold is more liquid than Rs.1 crore worth farmhouse. Because you
can quickly sell the gold in a few days, but for selling farmhouse youll have to deal with so many
prospective customers, real-estate agents, paper work, stamp duty etc., this would take more
than 15 days= not so liquid.
For banking: if yesterday SBI had Rs.100 to give as loan
today SBI has Rs.200 to give as loan, then we say liquidity has increased. (And vice versa).
In winter, supply of green vegetables increases (compared to summer) so selling price of green
vegetables decreases in winter (compared to summer).
Similarly when liquidity (money supply) increases, the cost of borrowing (=interest rates) goes
down.
Very high liquidity can create demand pull in ation=bad. for more, click me
(http://mrunal.org/2012/08/economy-in ation-demand-pull.html)
 Very less liquidity=cost of borrowing is extremely high for businessman = bad because he
cannot easily start or expand his business=less people get employment.
So one of the job of RBI= control this liquidity in banking system.
RBI mainly uses following tools to control this liquidity / money supply in the banking system.

1. Cash reserve Ratio (CRR)

2. Statutory Liquidity Ratio (SLR)
3. Liquidity Adjustment Facilities (LAF) (Repo and reverse repo)
4. Open market operations (OMO)

What is Cash reserve ratio (CRR)?

For the sake of simplicity, lets assume there are only four people in India: 1) common men and
2) businessmen 3) Commercial banks (like SBI) 4) Central Bank (RBI.)
Now the Question: How do commercial banks make money?
Common men save their money in bank. Bank gives them say 7% interest rate on savings.
Then Bank gives that money as loan to businessmen and charges 12% interest rate. So 12-7=5%
is the pro t of Bank. Although thats technically incorrect, because weve not counted banks
input cost=sta salary, telephone-internet-electricity bill, o ce rent, xerox machine etc. So
actual pro t will be less than 5%.
But anyways, rst lets construct a technically incorrect model.

1. SBI has only one branch in a small town. It was opened on Monday.
2. On the very same day, Total 100 common men deposited 1 lakh each in their savings accounts
here (=total deposit is 1 crore)
3. and SBI o ered them 7% interest rate per year on their savings

WHY CRR: Cash reserve ratio?

On Tuesday, SBI Branch manager gives away entire 1 crore to a businessman as loan for 12%
interest rate for 5 years.
From SBIs point of view, sounds very good right? 12-7=5% pro t!
But weve not considered the fact that on Wednesday, some of those common men (account
holders) will need to take out some money from their banks savings account- to pay for gas,
electricity, mobile bills, college fees, writing cheques and demand drafts etc.
But SBIs o ce doesnt have a single paisa left! = problem, protest, rioting, suicides.
So condition #1: Banks must not give away all of the deposit money to businessmen for loans.
Banks must keep some money with aside.
Ok but wholl decide how much minimum cash should a bank keep aside? Ans. RBI via CRR.
(Cash reserve ratio).
 But banks donot like high CRR. We already saw that in the CRR controversy article: click me
(http://mrunal.org/2012/08/econ-crr.html)

WHY SLR: Statutory liquidity ratio?

Continuing the same example. SBI got 1 crore on Monday.

But suppose, RBI gave him order, you must keep Rs.10 lakhs aside. (CRR)
Thus, SBI is left with only 1 crore 10 lakhs = 90 lakh rupees.
So SBI manager decides to get maximum pro t out of remaining money. Suppose ongoing rate
for business loans is 12%.
But there is one businessman Mr.Parajay.
No bank is o ering him loan, because his past track record is not good: his earlier business
adventures were epic fail.
This Mr.Parajay comes to SBI

I desperately need loan for my business. but no other bank is giving me loan. Tell
Mr.Parajay, you what, give me all of those 90 lakh rupees as loans, Im ready to pay 36%
the interest rate on it! And trust me, Im going to make lot of money in my new
businessman business project. And Im ready to mortgage all of my factories, cars, farmhouses.
So if I cant repay loan, you can auction them and recover your money.

SBI manager Good! Ill give you all of my 90 lakhs as loan!

After six months, Mr. Parajays new business project = also #EPICFAIL.
He cannot pay back the EMIs.
Although SBI can attach his assets and auction them to recover the money. But itll take lot of
time.
In the mean time, common-men also read this story in local newspapers and they panic that SBI
will collapse and bank manager will shut down the o ce and run away.
So all the common men line up in front of bank and demand back their money. Recall that SBI
still has 10 lakh left in CRR. But people want total 1 crore back!
Again money of account holders (common men) is stuck =problem, protest, rioting, suicides.
So, Condition #2: Bank must not give away all its loans to risky loan takers. Banks must invest
part of its money in safe and liquid investment. So during emergency, bank can sell those
liquid investments and take out the money.
For example, Government securities, gold, corporate bonds of reputed companies like Infosys,
reliance, TCS. These are safe investments.
These are also liquid, because you can sell them quickly whenever you want. (recall that SBI
could also auction Mr.Parajays properties, but itll take lot of time in paperwork, legal issues
etc.)
 Ok so, bank should invest part of common-mens money in safe investments like Government
securities, gold and corporate bonds of highly reputed companies.
BUT who will decide how much money should be invested in this sector? Ans. RBI via SLR
(Statutory liquidity ratio). In earlier article, weve already seen SLR in detail. click me
(http://mrunal.org/2014/01/banking-monetary-policy-quantitative-qualitative-tools-applications-
limitations-msf-laf-repo-omo-crr-slr-revisited-before-upcoming-urjit-article.html)
Lets assume RBI ordered SBI to keep Rs.25 lakhs under SLR.
Thus, out of original Rs.1 crore that SBI had, 10 lakhs (CRR) + 25 lakhs (SLR) are gone.

Bank Runs: SLR+CRR

Suppose a rival bank of SBI, hires some people to spread rumors against SBI.
The rumor is something like this= SBI invested lot of money in sharemarket but sharemarket is
crashed so now SBI doesnt have any money left. Theyre going to shut down the o ce and run away.
^this is totally ridiculous rumor because according to RBI rules, banks cannot invest depositors
money in the sharemarket in the rst place!
Anyways, out of the 100 SBI account holders (common men), 30 common men believe in this
rumor and run to the SBI o ce.
They demand SBI to return their entire savings deposit. Such panic movement of bank
customers is known as bank run.
Thankfully, SBI has total 10 lakh (CRR), so they can directly give it back. SBI also has set aside
Rs.25 lakhs under (SLR), so SBI can sell away those Government securities, gold worth 25 lakhs
and give that money back to account holders.
Thus, SLR+CRR protects a bank against Bank runs.
However in case of a totally awesome bankrun, nothing can protect a bank. (i.e. when all of the
account holders simultaneously demand all of their money on the same day!) anyways back to
the topic:

WHY Priority Sector lending?

So far, You know what is CRR and SLR.

Now SBI manager start making calculation, how much money is left with him?

Money received from common men 1 crore=100 lakh

Money set aside in CRR MINUS 10 lakh

Money invested in SLR MINUS 25 lakh

Money left 100-10-25=Rs.65 lakh.

 Out of that 65 lakhs, lets assume SBI manager has to keep aside 15 lakh for Administrative
costs, salaries of employees, electricity bill, internet bill, Xerox machine etc. So he has only 50
lakh left for providing loan to needy people.
Now loan-takers line up in front of SBI o ce

Give us loans of 1 lakhs each for buying seeds and fertilizers. However, given the
50 farmers vagaries of monsoon and low pro t margin in agriculture, we cannot pay more
than 5% interest rate.

Give us loans of 2 lakhs each to setup small retail shops / car mechanic / hair
25 Small
saloon etc. We o er 11% interest rate. we cannot o er a penny more because
businessman
our pro t margin isnot good.

Sir please give us loan of Rs.25 lakhs each, for paying self- nanced medical
2 Students
college. We can pay atmost 9% interest rate.

1 Big Give me those 50 lakhs. In a few months, Diwali is coming and I want to setup a
businessman new recracker factory. I o er you 15% interest rate.

if SBI is run from purely pro t point of view, then farmers, small businessmen, students and
weaker sections of the society will never get any loan.
Because SBI manager would want to give loan to a person that o ers him highest interest rate.
Then who is going to protect those weak people? Who is going to help them get loans at
reasonable rates? Ans. RBI.
Suppose RBI tells the SBI manager, 40% of the money you lend, must go to priorities sectors
viz. agriculture, small scale business, housing and education. (=40% of 50 lakh=20lakh).
^This is the basic funda of priority sector lending. More details are given on page 15.12 of
Ramesh Singh.

What is NDTL?

So far, We know that Banks have to comply with the CRR, SLR and priority sector lending rules of
RBI.
CRR, SLR is counted on amount of money a bank receives. But bank receives lot of money,

1. from depositors,
2. from loan takers whore re-paying EMI,
3. (fraudulent) hidden charges imposed on credit cards
4. Commission charged on giving demand draft
5. Commission charged on online money transfer
6. Commission charged on foreign currency conversion etc.etc.etc.
 So how does bank exactly count CRR, SLR requirements? = Net Demand and Time Liabilities
(NDTL)

Main example (list not exhaustive)

1. Money deposited in Fixed deposits (FD)

2. Cash certi cates
Time
3. gold deposits.
liabilities
4. Sta security deposit. E.g. in some banks when you join as Probationary o cer,
youve to sign bond worth RS.1-2 lakh rupees.

1. Money deposited in savings account

Demand 2. Money deposited in current account
liabilities 3. Demand drafts
4. unclaimed deposits;

Im not going into minute nitty-gritty involved in computing NDTL because thats irrelevant from
exam point of view. So long story cut short, CRR and SLR are calculated on this NDTL number
with some caveats.
And banks have to send reports to RBI on fortnight basis that our NDTL is xyz and we are
maintaining xyz SLR and CRR on it as per your direction.
Now here comes the problem: In our example, SBI followed SLR, CRR and 50 lakh rupees left for
loaning.
However in the given period, priority sector loan takers (farmers, students etc.) and regular loan
taker (businessmen, car/bike loans).all of them together take total loans worth only Rs.30
lakhs.
so SBI is left with 50-30=surplus of 20 lakh rupees.
These 20 lakhs are just gathering dust in the o ce. Nobody is coming to take new loans! What
should SBI do? because SBI has to give 7% interest even on these 20 lakh rupees, so SBI cannot
a ord to let this money gather dust!
Now comes the Liquidity adjustment facilities, Repo Rate and reverse repo rate.
Lets start with reverse repo rate.

Reverse repo rate?

The book de nition of Reverse repo rate = it is interest rate paid by RBI to its clients for short
term loans. Ok but who are the clients of RBI?

1. Central Government
 2. State Government
3. Banks (commercial, regional rural banks, cooperative banks)
4. Non-banking nancial institutions etc.etc.etc.

anyways, Reverse repo rate in crude words= when SBI parks its surplus money in RBI for short
term, SBI makes ^this much pro t.
But actually reverse repo rate works in a bit complicated manner= via selling and repurchase of
Government securities.
Youre aware of Government securities: when Government wants to borrow money from
market, Government security / Government bond is issued.
Basically its a piece of paper. It has agreement something like: whoever gives me Rs.100 will get
8% interest rate for 10 years and then principle will be repaid.
For the purpose of understanding Reverse repo, lets construct a simpli ed technically incorrect
model:

1. RBI has Government securities worth Rs.100 lakhs.

2. SBI has surplus Rs.100 lakhs and nobody is taking them as loans. But SBI is sure more people
will come to take loans before Diwali. So SBI just wants to park this surplus 100 lakhs
somewhere for the short-term.
3. SBI enters into Reverse Repo agreement with RBI.
4. The agreement reads I (SBI) will give buy Government securities worth Rs.100 lakhs from the
RBI, and RBI promises to buy back those securities from me after 6 months @Rs.106 lakhs.

Read it carefully:

Time: after 6 months,

SBIs investment: Rs.100 lakhs
After 6 months, SBI gets: Rs.106 lakhs.
So pro t of SBI (or interest earned by SBI or interest paid by RBI)=(106-100)/100 = 6%. This is
reverse repo rate.

Tied to repo rate

In 2011, under RBI made following rule:

1. reverse repo rate would not be announced separately but will be linked to repo rate.
2. The reverse repo rate will be 100 basis points below repo rate.(=minus 1%)

So if RBI declares Repo rate=8% then reverse repo-rate is automatically 8-1=7%.But now comes
the question:
 What is repo rate?

Common sense says, it has to be reverse of reverse repo rate right? Yes that is right.
Textbook de nition says

Repo rate is the rate RBI charges on its clients for short term loans.
To put this crudely, when SBI wants to borrow money from RBI for short term, SBI will have to
pay ^this much interest rate.
(again) For the purpose of understanding repo rate, lets construct a simpli ed technically
incorrect model:

1. RBI has cash of Rs.100 lakhs.

2. SBI has Government securities worth Rs.100 lakhs.
3. SBI enters into Repo agreement with RBI.
4. The agreement reads I (SBI) am selling my Government securities worth Rs.100 lakh to RBI and
I (SBI) promise to buy back(repurchase) those securities from RBI after 6 months @Rs.107 lakhs.

Read it carefully:

1. Time: after 6 months.

2. RBIs investment: Rs.100 lakhs
3. After 6 months, RBI gets: Rs.107 lakhs from SBI.
4. So pro t of RBI (or interest earned by RBI or interest paid by SBI)=(107-100)/100 = 7%. This is
Repo rate.

Question:

Why all this gadhaa majoori (donkey labour), involving Government security? Why cant RBI and
SBI give money to eachother without involving Government securities just like the normal
people borrow and lend to each other?
Answer= Because Government security acts as collateral. So if rst party doesnt honor the
agreement (of repurchase), then second party can sell away the Government security to a third
party and recover its money.
Just like pawning your jewelry in Muthoot nance or Mannapuram gold loans.

Repo rate vs Bank rate?

Repo rate RBI lends money to banks for short term loans @this interest rate.
 RBI lends money to its clients for long term loans @this interest rate.
Bank rate

What is LAF?

liquidity adjustment facilities (LAF).

Recall that one of the main task of RBI is to control money supply in the economy.
RBI controls money supply via monetary policy. For this RBI uses various tools e.g. SLR and
CRR.
Liquidity adjustment facilities (LAF) is also a tool used by RBI to control short-term money
supply.

LAF timeline

1998 Narsminam Committee on banking rector reforms, recommends LAF

1999 RBI introduces interim LAF

2000 RBI introduces full- edged LAF.

In the old Bollywood movies, international smugglers often come to main villains hideout with
suitcases loaded with cash. Then main villain will auction some ancient Indian statues to them.
Something similar happens under LAF.
LAF helps banks to quickly borrow money incase of any emergency or for adjusting in their
SLR/CRR requirements.
Under LAF, RBI auctions Government securities, starting at the repo and reverse repo rate.
Minimum bidding amount is Rs.5 crore.
So LAF is a tool used by RBI to control short-term liquidity / money supply in the market.
In LAF, money transaction is done via RTGS. (RTGS is an online money transfer method). So in
this auction, players dont need to bring suitcases loaded with cash.

What is RGTS?

RTGS, NEFT=These are online facilities for transferring money within the country.

Real Time Gross Settlement (RTGS) National Electronic Fund Transfer (NEFT)

Fast (immediate money transfer) Slow (done on hourly basis)

Can be used only if money transfer amount is Can be used for any amount. There is no
minimum 2 lakh rupees or more. minimum or maximum limit.
 What is Marginal Standing facility (MSF)?

RBI started this thing in 2011.

Under MSF, Scheduled Commercial Banks can borrow money from RBI @1% higher than the
ongoing Repo rate under liquidity adjustment facility (LAF.)
Although, the system of lending remains same just like under repo. = SBI sells Government
security to RBI, and promises to buy it back after sometime, at a higher rate. Di erence in
selling and purchase = interest rate earned by RBI.
we can memorize it like

1. Repo rate = reverse repo + 1%

2. MSF rate= repo rate + 1%

Di erence between LAF and MSF

LAF MSF

Liquidity adjustment facility Marginal standing facility

Minimum bidding amount is 5 cr. 1 cr.

All clients of RBI are eligible to bid. Only scheduled commercial banks can bid.

Bank cannot sell Government security to RBI that bank can sell the Government security
is part of banks SLR quota. from its SLR quota to RBI.

Bank can borrow any amount of money as long as Bank can maximum borrow upto 2% of its
it has the securities to sell. NDTL.

Suppose repo rate is r% MSF lending rate is always (r+1)%

Food for thought

Lets take some approx. numbers based on past few months.

Repo rate has been around 8%. That means reverse repo is around 7% and MSF is 9%.
SBI o ers 0% interest on current account, 4% on savigns account, around 7% interest rate on
term deposits.
SBI charges around 10% on home loans, 12% on car loans and 18% on bike loans.
Now consider what If SBI parks its money in RBI (via reverse repo rate). Well RBIs reverse repo
is also around 7%! may be a few 0.25-0.75% higher than SBIs term deposit interest rate. Point
being, SBI is better o nding more loan takers than parking money in Reverse repo rate
because it can earn more pro t that way.
 Open market operations?

Open market operation= when RBI buys/sells securities in open market.

How is it di erent from LAF or MSF?
Well in LAF or MSF, one party buys Government security from second party. But second party
has agreed to buy back (repurchase) the same security from rst party after some time. So
Government security is not permanently sold, it is only used as a collateral= thats like pawning
your jewelry in Muthoot nance company.
But in case of OMO, rst party permanently sells the Government security to second party.
Second party is free to do whatever it wants with that security.
When RBI purchases Government securities =liquidity increased (because RBI is paying that
party some money to buy that security, right? so RBI is pouring additional money into the
system.)
On reverse, when RBI sells Government securities= liquidity is decreased. (because those
players are giving their cash to RBI to purchase the securities= money is sucked out of the
system by RBI).

Summary

From SBI managers point of view

I must keep this much money aside. I cannot give it as loan to anyone. I will not
CRR
earn any interest rate on it.

Ive to invest this much money in gold, Government securities (G-sec) and RBI
SLR
approved corporate bonds.

If I borrow money from RBI for short term, Ill have to pay them this much
Repo rate
interest rate.

Reverse
If I park my money in RBI, theyll pay me this much interest rate.
repo rate

Bank rate If I borrow money from RBI for long term, Ill have to pay this much interest rate.

Mock Questions

Q1. If RBI purchases Government securities via open market operations, then liquidity _______.

a. increases
b. decreases
c. Stays the same.
d. None of above.
Q2. Correct statement?

a. Repo rate is always 100 basis points higher than MSF lending rate.
b. Reverse repo rate is always 100 lower than MSF lending rate.
c. Repo rate is always 100 basis point higher than reverse repo rate.
d. None of above.

Q3. Incorrect statement?

1. RTGS and NEFT are two online money transfer methods within India.
2. NEFT is faster than RTGS.
3. NEFT can be used only for transections above Rs.2 lakh.

Choice

a. Only 1
b. Only 1 and 2
c. Only 2 and 3
d. All of them

Q4. In which of the following, Bank will not be making any money?

1. Meeting CRR requirement.

2. Meeting SLR requirement.
3. Parking money in RBI under Reverse repo.

Choice

a. Only 1 and 3
b. Only 2 and 3
c. Only 1
d. All of them

Q5. If RBI wants to inject more liquidity in the system, it should

a. Increase the CRR rate

b. Increase the SLR rate
c. Decrease the Reverse repo rate.
d. Decrease the repo rate.
Q6. If RBI wants to reduce liquidity from the system, it should

a. decrease the reverse repo rate

b. decrease the repo rate
c. increase the CRR rate
d. decrease the SLR rate

Q7. Time liabilities of a bank includes

a. demand drafts
b. cheques
c. xed deposits
d. credit cards

Q8. Demand liabilities of a bank includes

a. xed deposits
b. cash certi cates
c. current account
d. Sta security deposits.

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12-Sep: IBPS clerk (http://www.ibps.in/wp-
content/uploads/Detailed_Advt_for_Recruitment_of_Clrks_CWE_Clerk_VI.pdf)
22-Aug: Punjab PCS (http://www.ppsc.gov.in/)

IT Jobs
24-Aug: Media Lab Asia (http://www.medialabasia.in/index.php/current-openings)
22-Aug: Ambedkar Uni. (http://aud.ac.in/careerataud)
16-Aug: HP Road Tran. (http://hrtchp.com/hrtc/default.aspx)

Engineers
04-Oct: Haryana Power (http://www.gate.iitr.ernet.in/)
01-Sep: UPSC (http://upsconline.nic.in/ora/VacancyNoticePub.php)
31-Aug: RailTel Gujarat (http://www.railtelindia.com/careers.html)
30-Aug: IIT kanpur (http://www.iitk.ac.in/new/recruitment)
29-Aug: ISRO (http://recruitment.sac.gov.in/OSAR/)
29-Aug: Indraprastha Uni. (http://www.ipu.ac.in/public/adv270716.htm)
26-Aug: RailTel Corp. (http://www.railtelindia.com/careers.html)
25-Aug: ISRO (http://sdsc.shar.gov.in/)
22-Aug: Airport auth. (PH) (http://www.aai.aero/hindi/hindimain.jsp)
22-Aug: Ambedkar Uni. (http://aud.ac.in/careerataud)
18-Aug: Engg. Proj. ltd. (http://engineeringprojects.com/Recruitment_form.asp)
17-Aug: Rajasthan PCB (http://environment.rajasthan.gov.in/content/environment/en/rajasthan-
state-pollution-control-board/Vacancy.html)
16-Aug: Birbal Sahni Institute (http://bsip.res.in/Opportunities.html)
16-Aug: Power Grid
(http://www.powergridindia.com/_layouts/PowerGrid/User/ContentPage.aspx?
PId=166&LangID=English)

Banks
06-Sep: Bank of Maharashtra (http://bankofmaharashtra.in/Current-Openings.asp)
06-Sep: Bank of Maharashtra (http://bankofmaharashtra.in/Current-Openings.asp)
21-Aug: Bank Of Baroda (http://www.bankofbaroda.com/careers/Manipal.asp)

Medics
09-Sep: Punjab Health Dept (http://www.bfuhs.ac.in/)
08-Sep: Nalanada University (http://nalandauniv.edu.in/jobs-and-internships/)
31-Aug: SAIL (https://www.sail.co.in/)
31-Aug: NLC India Ltd. (https://www.nlcindia.com/new_website/careers/CAREER.htm)
30-Aug: Siddha Res. Cou. (http://www.siddhacouncil.com/)
30-Aug: IIT kanpur (http://www.iitk.ac.in/new/recruitment)
29-Aug: Haryana PCS (http://www.hpsconline.in/)
16-Aug: Uttarakhand PSC (http://ukpsc.gov.in/recruitment/view/599)
 ParaMedics
09-Sep: Punjab Health Dept (http://www.bfuhs.ac.in/)
08-Sep: Nalanada University (http://nalandauniv.edu.in/jobs-and-internships/)
31-Aug: SAIL (https://www.sail.co.in/)
30-Aug: Siddha Res. Cou. (http://www.siddhacouncil.com/)
30-Aug: IIT kanpur (http://www.iitk.ac.in/new/recruitment)
16-Aug: Puducherry PGI (http://jipmer.edu.in/wp-content/uploads/2016/07/Final_Website-
PDF.pdf)

Uniform
15-Sep: Indian army (Law) (http://www.joinindianarmy.nic.in/)
08-Sep: Indian army (http://joinindianarmy.nic.in/)
02-Sep: CAPF (Constable) (http://bsf.nic.in/doc/recruitment/r19.pdf )
01-Sep: Indian Army SSC (http://joinindianarmy.nic.in/)
27-Aug: Indian Navy (http://www.indiannavy.nic.in/)
24-Aug: Indian army (http://joinindianarmy.nic.in/)
18-Aug: NCC (http://www.joinindianarmy.nic.in/)

Legal
12-Sep: Odisha Judiciary (http://opsconline.gov.in/)
08-Sep: Nalanada University (http://nalandauniv.edu.in/jobs-and-internships/)
06-Sep: Bank of Maharashtra (http://bankofmaharashtra.in/Current-Openings.asp)
26-Aug: UP PCS J (http://uppsc.up.nic.in/)
22-Aug: Punjab PCS (http://www.ppsc.gov.in/)

PH only
31-Aug: CDAC Eng. (http://www.cdac.in/index.aspx?id=ca_pune_corp_2016)
22-Aug: AAI-Legal (http://www.aai.aero/hindi/hindimain.jsp)

Specialists
09-Sep: Min.of Earth science
(http://moes.gov.in/writereaddata/ les/project%20scientist%20B%20%26%20C.pdf)
08-Sep: Nat. Hydrology Inst (http://nihroorkee.gov.in/jobs.html)
08-Sep: Nalanada University (http://nalandauniv.edu.in/jobs-and-internships/)
07-Sep: Odisha PSC (http://opsconline.gov.in/)
02-Sep: Indian Institute of Packaging (http://www.iip-in.com/site/tenders/tenders.aspx)
01-Sep: UPSC (http://upsconline.nic.in/ora/VacancyNoticePub.php)
31-Aug: Nat. Inst.of Rock Mech. (http://www.nirm.in/pages/9.3.0.0.htm)
30-Aug: IIT kanpur (http://www.iitk.ac.in/new/recruitment)
29-Aug: MP Health dept (http://www.nhmmp.gov.in/)
29-Aug: Sardar Patel Agri univ. (http://www.svbpmeerut.ac.in/pages/Jobs.html)
29-Aug: NE Railway (http://www.ner.indianrailways.gov.in/view_section.jsp?
lang=0&id=0,7,288,366)
29-Aug: Haryana PCS (http://www.hpsconline.in/)
28-Aug: TN PCS (http://www.tnpscexams.in )
27-Aug: Rajasthan SSC
(http://rsmssb.rajasthan.gov.in/page;jsessionid=eFNyPUY96BhfD4H5YQzQhHKOYjCLPfnR3CSzSdGD2_R
menuName=Home)
25-Aug: Punjab SC Land Dev (http://govt.thapar.edu/pscfc)
23-Aug: NE F.Railway (http://nfr.indianrailways.gov.in/view_section.jsp?lang=0&id=0,6,604)
22-Aug: Ambedkar Uni. (https://brauss.in/)
22-Aug: Punjab PCS (http://www.ppsc.gov.in/)
20-Aug: SBI (https://www.sbi.co.in/careers/ongoing-recruitment.html )
19-Aug: BHU (http://www.bhu.ac.in/rac/racuploads/2/20160730120653.pdf)
18-Aug: ICAR (http://asrb.org.in/component/option,com_vacancy/Itemid,56/)

Deskjobs
15-Sep: Rain Forest Res. Ins. (http://www.icfre.org/UserFiles/File/advertisement_job/RFRI-
Recruitment_25Jul16-28.pdf)
08-Sep: Nalanada University (http://nalandauniv.edu.in/jobs-and-internships/)
08-Sep: TN PCS (http://www.tnpscexams.in/)
06-Sep: Bank of Maharashtra (http://bankofmaharashtra.in/Current-Openings.asp)
05-Sep: Airport Authority (http://www.aai.aero/hindi/hindimain.jsp)
01-Sep: Central Council Hom. (http://ccrhindia.org/index.asp)
31-Aug: Punjab BACKFINCO (http://www.govt.thapar.edu/back nco/)
31-Aug: Delhi Health Corp
(http://www.delhi.gov.in/wps/wcm/connect/20a1e7804d30276682748a40c7ad5478/HR+IT+DHCL.pdf?
MOD=AJPERES&lmod=-382874882)
31-Aug: SAIL (https://www.sail.co.in/)
30-Aug: IIT kanpur (http://www.iitk.ac.in/new/recruitment)
29-Aug: Rajya Sabha Sect. (http://rajyasabha.nic.in/)
29-Aug: Indraprastha Uni. (http://www.ipu.ac.in/public/adv270716.htm)
26-Aug: SSC Haryana (http://adv52016.hryssc.in/StaticPages/HomePage.aspx)
25-Aug: Punjab SC Land Dev (http://govt.thapar.edu/pscfc)
22-Aug: Airport auth. (PH) (http://www.aai.aero/hindi/hindimain.jsp)
22-Aug: Ambedkar Uni. (http://aud.ac.in/careerataud)
21-Aug: SSC Chandigarh (http://sssc.gov.in/)
21-Aug: Himachal High Court (http://hphighcourt.nic.in/vacancy.htm)
19-Aug: BHU (http://www.bhu.ac.in/rac/racuploads/2/20160730120653.pdf)
16-Aug: BARC (http://www.barc.gov.in/careers/recruitment.html)

Commerce/MBA
10-Sep: Garden Reach Ship (http://jobapply.in/grse2016adv4/DefaultAdv2016OS4.aspx)
01-Sep: Mazagon Dock (http://mazagondock.gov.in/newsite2010/recruitment.html)
31-Aug: Central Ware.Corp. (http://www.cewacor.nic.in/)
31-Aug: Delhi Health Corp
(http://www.delhi.gov.in/wps/wcm/connect/20a1e7804d30276682748a40c7ad5478/HR+IT+DHCL.pdf?
MOD=AJPERES&lmod=-382874882)
30-Aug: Bihar Rural Dev. Socy. (http://www.sids.co.in/brds/)
27-Aug: National Projects Const. (http://www.npcc.gov.in/CurrentOpening.aspx)
25-Aug: Punjab SC Land Dev (http://govt.thapar.edu/pscfc)
24-Aug: BEML ltd. (http://www.bemlindia.com/jobs.php)
22-Aug: Haryana Tourism corp.
(http://haryanatourism.gov.in/WriteReadData/downloads/e_manager.pdf)
20-Aug: HMT (http://www.hmtindia.com/pdf/MTL_Advt_27072016_M.pdf)
18-Aug: Engg. Proj. ltd. (http://engineeringprojects.com/Recruitment_form.asp)
18-Aug: Air India Chart. Ltd (http://www.airindiaexpress.in/careers.aspx)
18-Aug: Gujarat Power (http://www.gipcl.com/)

Faculty
15-Sep: MMM University (http://www.mmmut.ac.in/ViewAdvertismentforvaccantposition.aspx)
02-Sep: Indian Institute of Packaging (http://www.iip-in.com/site/tenders/tenders.aspx)
01-Sep: UPSC (http://upsconline.nic.in/ora/VacancyNoticePub.php)
31-Aug: Rajasthan PCS (https://rpsc.rajasthan.gov.in/RecruitmentAds.aspx)
31-Aug: IG Tribal Uni. (http://igntu.ac.in/recruitment.htm)
29-Aug: Rajasthan SSC (http://rsmssb.rajasthan.gov.in/page?menuName=Home)
29-Aug: Sardar Patel Agri univ. (http://www.svbpmeerut.ac.in/pages/Jobs.html)
27-Aug: Kanpur Univ. (http://www.kanpuruniversity.org/)
22-Aug: Ambedkar Uni. (https://brauss.in/)
19-Aug: BHU (http://www.bhu.ac.in/rac/racuploads/2/20160730120653.pdf)
18-Aug: Ambedkar med. College (http://www.bsamch.ac.in/)
17-Aug: IIM Nagpur (http://www.iima.ac.in/institute/working-for-us/current-openings.html)
17-Aug: TN university (http://www.msuniv.ac.in/)
16-Aug: National Inst of Sci Edu & Res. (http://www.niser.ac.in/content/vacancies)
16-Aug: Punjabi Uni. (http://punjabiuniversity.ac.in/pbiuniweb/announcementv.html)
16-Aug: Hyderabad University (http://uohyd.ac.in/)

1. Online Form Part-I stops few days before deadline, so don't wait till last date. Dont forget
reg.id & roll no.Note'em in Google Drive (https://www.google.com/drive/)
2. I usually update vacancies every Monday.Purple link= newly added,Blue= existing.Last updated
16th august, at 10:50AM

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