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Union Bank Of India Law Manager Scale II Recruitment 2024-2025

Published on Monday, February 05, 2024
Union Bank of India has invites application from experienced professionals for the post of  Law Manager Scale II. Today we are providing a syllabus and exam pattern for the exam.

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

Law Manager Scale II

26

32

25

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) –

  • Visually Impairment (VI) - Blindness and Low Vision;
  • Hearing Impaired (HI) - Deaf and Hard of Hearing;
  • Orthopedically Challenged (OC) - Locomotor Disability (One Arm - OA, One Leg -OL, Both Legs -BL, One Arm & One Leg -OAL), Cerebral Palsy, Leprosy Cured, Dwarfism, Acid Attack Victims and Muscular Dystrophy;
  • Intellectual Disability (ID) - Intellectual Disability (Autism Spectrum Disorder, Specific Learning Disability and Mental Illness) & Multiple Disability;
  • Multiple Disabilities means disability amongst clauses (a) to (d) including deaf-blindness in the posts identified for each disability.

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

Law Manager Scale II

Bachelor’s degree in Law with a minimum of 50% aggregate marks from a University/Institution recognized by Govt. of India/approved by Govt. Regulatory bodies. (Minimum 45% for SC/ST/OBC/PwBD candidates)

Desirable: Post-Graduation degree in Law will be preferred.

Experience (As on 23.02.2024)

Law Manager Scale II 

Minimum 4 years of post-qualification experience, in total, as a practicing Advocate and/or as a Law Officer in any Scheduled Commercial Bank/ State or Central Government department or entity/other PSU.

(Period of experience in practice and service will be added for arriving at the total experience to be considered for this purpose)

Probation Period 

Scale

Probation Period

Scale II

2 years

Service Indemnity Bond

The selected candidates will be required to execute a Service Indemnity Bond undertaking to serve the Bank for a minimum period of 3 years or to pay the Bank a sum of Rs.2,50,000.00 (Rs. Two Lakh Fifty Thousand Only) plus applicable taxes as per Government rules in case he / she leaves the Bank before completion of 3 years of active service.

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 

Professional knowledge

100

120 Minutes

Total

100

120 Minutes

The test will be available bilingually, i.e. English and Hindi.

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

Professional Knowledge

  • Constitution of India
  • Indian Contract Act, 1872 
  • Specific Relief Act, 1963
  • 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 
  • Companies Act, 2013 
  • Limited Liability Partnership Act, 2008
  • SEBI Act, 1992
  • SC(R) Act, 1956
  • Depositories Act, 1996 
  • Taxation law 
  • Indian Partnership Act, 1932 
  • Law of Trusts – Parties to a Trust Deed and Duties of Trustees
  • Reserve Bank of India Act, 1934
  • Negotiable Instruments Act 1881 
  • Foreign Exchange Management Act,1999 
  • The Prevention of Money Laundering Act, 2002
  • Information Technology Act, 2000 
  • Limitation Act, 1993 
  • 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 
  • 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
  • Credit Information Bureau (India) Limited, 2000

Stream/Category Specific Questions

Module A

Overview of Credit
  •  Principles of lending
  •  Credit policy
  •  Types of borrowers & types of credit facilities
  •  Credit delivery
  •  Credit Appraisal
  •  Credit rating

Module B

Analysis of Financial Statements
  •  Basics of Financial statements
  •  Ratio analysis
  •  Cash flow statement
  •  Fund flow statement
  •  Project appraisal
  •  Working capital management

Module C

Financial management
  •  Indian Financial System
  •  Regulatory bodies in India
  •  Money market and Capital market instruments
  •  Time value of money
  •  Basics of derivatives
  •  Leverages
  •  Capital budgeting

Module D

Other credits
  •  Export finance
  •  Priority sector lending
  •  Non-fund based Credit Facilities
  •  Government sponsored schemes
  •  Retail loans

Module E

Management of Impaired assets
  •  Documentation
  •  IRAC norms
  •  Types of charges
  •  Management of impaired assets
  •  IBC 2016
  •  SARFAESI ACT

Module F

RBI circulars and related laws
  •  RBI circulars (1 year)
  •  Companies act
  •  Contract act 1872
  •  Banking regulation 1949
  •  RBI act 1934
  •  Negotiable instruments act 1881
  •  Payment and settlement act 2007

Banking Present Economic Scenario General Awareness

  • Banking Reforms
  • Regulatory Bodies in India- NABARD, SEBI etc.
  • International Banking
  • Latest circulars of RBI and SEBI
  • 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.
  • Complete List of Obituaries
  • Recently Appointed Brand Ambassadors List
  • Monthly GK Digests
  • Ministry of Cabinet Ministers
  • Renamed Govt. Schemes, Cities, Airports & Railway Stations
  • Indian Financial System
  • Financial market instruments
  • International reports and indices
  • Important committees
  • Foreign investment and trade
  • Growth numbers by various organization
  • Union budget
  • Latest mergers and MOUs of banks and financial institutions
  • Heads of various financial organizations
  • Mutual Funds
  • Basel Norms
  • Regulatory organizations: SEBI/NABARD/RBI
  • Joint Military Exercises of India
  • List of Summits and Conferences
  • India's Rankings in Different Indices
  • List of Appointments
  • List of Important Days With Themes
  • List of MoUs signed by India
  • Upcoming Sports Event From
  • List of Sports Events & Winners
  • Awards and Honours

Union Bank of India Law Manager Scale II Course by Team BankExamsToday

Team BankExamsToday is offering is a full-fledged, comprehensive and systematic course for the preparation of Union Bank of India Law Manager Scale 2 exams.
Course features
  • 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

Call/WhatsApp - 9067201000

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