SBI introduced virtual card for SBI net banking users. Other banks may also be providing Virtual Card, because I have listened about virtual card before SBI. Virtual card, by all the banks may be working the same way.

SBI Virtual Credit CardsA virtual card is also known as Electronic Card or e-Card. Virtual card gives an extra layer of security for your credit or debit card. It works the same way as real debit or credit card works but it is virtual (not physical). And your actual card (plastic card) info will be safe from merchants. Virtual card has only card number so it is secure and makes your real card secure. There are some of the information about this card.


Advantages for using State Bank Virtual Card

    Virtual Card provides an easy and secure way of transacting online without providing the Primary Card/ Account information to the merchant.
    It reduces the risk of exposing entire Credit/ Debit limit/ as the Primary Card/ Account information is not communicated to the merchant.
    Card is valid for a Max. of 48 hours or till the transaction is complete.
    The amount is debited only when actual purchase, using the Virtual Card, is completed successfully.

State Bank Virtual Card Creation / generation:

Step 1: Visit SBI Internet Banking (https://www.onlinesbi.com/) and click on Login of Personal Banking.
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Step 2: Login on using User Name and Password (Advisable to use Online Virtual Keyboard).

Step 3: Click on “e-Card” tab and select “State Bank Virtual Card” option.

Step 4: Select the appropriate Account No. from the list and enter the amount for which you want
a State Bank Virtual Card. Accept the Terms & Conditions and click on Generate.

Step 5: Verify Card Holder Name, Debit Account No. and Virtual Card Limit. On re-verification of particulars/values click on Generate and in case of any error click on Back for correction.

Step 6: Click on the specific Card No. which you want to view. On click the complete Card details viz. Name, Issue Date, Expiry, Merchant Name, CVV2, Limit Amount, Status, Source Account No. will be displayed on the screen.

How to Cancel generated/created State Bank Virtual Card:

Step 1: Visit SBI Internet Banking (https://www.onlinesbi.com/) and click on Personal Banking.

Step 2: Login on using User Name and Password.

Step 3: Click on “Requests” tab and select “State Bank Virtual Card” option.

Step 4: Click on Cancel Virtual Card. Select the Virtual Card and click on Cancel.

Step 5: Verify the Virtual Card No. you wanted to cancel and click on OK.

Step 6: Confirmation message “Your Virtual Card number 466XXXXXX462 has been successfully cancelled.” will be displayed on the screen and the blocked amount will be credited back to the account, within an hour.

SOURCE

Bank of Baroda is inviting applications for Clerical post from Indian citizens who have taken the Common Written Examination (CWE) for Clerical cadre conducted by IBPS in 2011, subject to fulfillment of other eligibility criteria.

Online registration began on March 24, 2012 and closes on April 10, 2012. Application fees can be paid from March 24, 2012 to April 10, 2012.

Since clerical cadre recruitment would be on State/ UT-wise basis, it will therefore be necessary that candidates apply for vacancies of a State/UT from which they have appeared for the CWE and in which they have qualified.

Depending on the number of vacancies, only those candidates who have qualified in the CWE for recruitment of Clerical personnel conducted by IBPS in 2011 and possess a valid score card issued by IBPS and rank sufficiently high in the order of merit based on the Total Weighted Standard Score shall be called for a personal interview in the ratio of 1:4 for General category and 1:5 for Reserved category.

Candidates are required to apply online through website www.bankofbaroda.com. No other means/ mode of application will be accepted.

Cash-strapped Kingfisher Airlines owed over Rs 5,600 crore to public sector banks as on February this year, the government has said.

The consortium of 13 PSU banks, including State Bank of India (SBI, have an exposure of Rs 5,608.07 crore to Kingfisher Airlines (KFA) as on February 2012, Minister of State for Finance Namo Narain Meena said in a written reply in Lok Sabha last Friday.

Replying to a query on whether SBI has any proposal to extend a financial lifeline to Kingfisher Airlines, Meena said," State Bank of India, leader of the consortium of lenders, has informed that no such lifeline has been extended to Kingfisher Airlines Ltd by them during the current financial year."

SBI alone has an exposure of Rs 1,408.45 crore to KFA. The airline, which has a debt of Rs 7,000 crore and an accumulated loss of over Rs 6,000 crore, has been operating only 16 of its 64 aircrafts since last month. It has quit Kolkata and Hyderabad routes completely.

The State Bank of India (SBI) is going for mammoth recruitment in 2012. The largest bank has announced to recruit as many as 8500 assistant (clerk) vacancies this year. For this massive recruitment, the SBI has invited online applications in its latest drive.

The SBI-North East has also also invited applications for its project-2012. The notification for this was published in the last week of December 2011.

To facilitate the interested candidates, the SBI has also started a blog named sbirecruitment2012.blogspot.in

Since the SBI holds all-India examination for its recruitment, a large number of candidates appear in the test.

It may be noted that in year 2009, the MNS had issued threats to disrupt the SBI examination organised in the Maharashtra, as large number of candidates from others states were participating in the examination.

The Rajasthan High Court has issued show cause notice to the Rajasthan Public Service Commission and the state authorities for not implementing the news scheme in the upcoming state civil service examinations as being done by the UPSC and other public service commissions of several states.

Taking cognizance of a petition filed by six candidates of the RAS examination wherein it was said many states including Andhra Pradesh, Chhattisgarh, UP and Himachal Pradesh among others have done away with the old system of examination, Justice M N Bhandari issued the notice to the state authorities.

Madan Mohan Meena, counsel for petitioners, said, "In 2011, UPSC and many states have replaced the several choices of subjects available in prelims as also in mains examinations with two compulsory papers of GK and General Aptitude in prelims and certain compulsory papers in mains exam. Despite having taken a cabinet decision, the state government is conducting the RAS-2012 exam with old scheme."

Meena highlighted that the government order dated May 18, 2011 to do away with the multiple subject scheme was taken in order to avoid scaling and uneven marks obtained by candidates appearing from different subject combinations, resulting in multiple litigations.