Banking Interview Tips, Crack Banking Interview Session

Some Banking Interview Questions

·         Tell us about yourself?
A) Introduce yourself, your education, your current job, etc in a short and sweet manner.

·         What is a Bank?
A) A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money.

·         What are the salient features of Indian Banking Sector?

·         What is Bank rate?
A) A Bank rate is the interest rate that is charged by a country’s central or federal bank on loans and advances to control money supply in the economy and the banking sector. This is typically done on a quarterly basis to control inflation and stabilize the country’s exchange rates. A fluctuation in bank rates triggers a ripple-effect as it impacts every sphere of a country’s economy. For instance, the prices in stock markets tend to react to interest rate changes. A change in bank rates affects customers as it influences prime interest rates for personal loans.

·         Could you tell about Network of Bank of India?
A) The Bank has 3101 branches in India spread over all states/ union territories including 141 specialized branches. These branches are controlled through 48 Zonal Offices. There are 29 branches/ offices (including three representative offices) abroad.

·         What are the functions of Reserve Bank of India?
A) Mainly the functions of RBI are classified as follows:
Bank of Issue
Banker to Government
Bankers’ Bank and Lender of the Last Resort
Controller of Credit
Custodian of Foreign Reserves
Supervisory functions
Promotional functions

·         What are the primary functions of a commercial bank?
A) The primary functions of a commercial bank include:
a) accepting deposits; and
b) granting loans and advances

·         What is Cash Reserve Ratio – CRR?
A) The Cash Reserve Ratio (CRR) refers to the liquid cash that banks have to maintain with the Reserve Bank of India (RBI) as a certain percentage of their demand and time liabilities. For example if the CRR is 10% then a bank with net demand and time deposits of Rs 1,00,000 will have to deposit Rs 10,000 with the RBI as liquid cash.

·         Can you explain the reforms that taken place in the Indian banking industry?
A) The Narasimham Committee laid the foundation for the reformation of the Indian banking sector. Constituted in 1991, the Committee submitted two reports, in 1992 and 1998, which laid significant thrust on enhancing the efficiency and viability of the banking sector.

·         What is Repo rate?
A) Whenever the banks have any shortage of funds they can borrow it from the central bank. Repo rate is the rate at which our banks borrow currency from the central bank. A reduction in the repo rate will help banks to get Money at a cheaper rate. When the repo rate increases borrowing from the central bank becomes more expensive. The Reverse repo rate is the rate at which the central bank borrows from the banks, while the Repo rate is the rate at which the banks borrow from the central bank.

·         Difference between Repo rate and Bank rate?
A) The Main difference between Repo rate and Bank rate is that Repo rate is the discounting offered by the RBI on the monetary bill hold by the Banks

·         Can you explain the terms National bank, Scheduled bank, Commercial bank, Cooperative bank, Private bank, Foreign Bank?

·         What Is Inflation?
A) Inflation is increase in price of products & decrease in value of money.

·         What is Statutory Liquidity Ratio – SLR ?
A)Statutory Liquidity Ratio refers to the amount that the commercial banks require to maintain in the form of cash, or gold or govt. approved securities before providing credit to the customers. Statutory Liquidity Ratio is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit.

·         Important Terms?
SLR – Statutory liquidity ratio
CRR - Cash Reserve Ratio
Repo Rate - It is the rate at which RBI lends money to Banks.
Reverse Repo Rate – It is the rate at which Banks park their funds with RBI
Bank Rate – It is the rate at which RBI lends money to Banks.
Call Money Rate - It is the rate of interest charged by the banks for temporary borrows among banks Ledger
Tender Money – Currency issued by RBI Optional Money – Cheques, DDs, Bankers Cheques.
Plastic Money – Credit card, Debit card Credit card is ready made overdraft in e-form for buying goods and services by the card holder within specified limits and according to terms and conditions of the issuer Bank without having any account.

Debit card is e-Cheque which can be used within the limits of the credit in the account associated with it for financial transactions.

Core Banking – Networking of Banks for providing any where any time Banking is called Core Banking.

Merchant Bank provides capital to firms in the form of shares rather than money.
Investment Banks tend to provide investment to firms.
Corporate Banking looks after the needs of big firms, companies, business entities.
Business Banking looks after needs of medium level business firms, entities, individuals.
Retail banking focuses to provide services to individuals.
Private banking focuses to provide services to high net worth individuals.
Lead Banking focuses on providing all type of financial services.
Narrow Banking focuses on a particular sector like Mortgage, Auto Finance etc.

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Paschim Banga Gramin Bank Recruitment 2013-Officer/ Office Assistant for 115 Post

Name of the Organization: Paschim Banga Gramin Bank

Name of the Posts: Officer/ Office Assistant

Eligibility:  Garduate

Pay Scale/Salary(in Rs.): Rs.14500-25700/-.

Job Location: West Bengal

Hiring Process: Interview

Last Date: 11 Sep 2013

Paschim Banga Gramin Bank Recruitment 2013-Officer/ Office Assistant for 115 Post:Paschim Banga Gramin Bank is one of the leading Regional Rural Banks formed by amalgamation of three erstwhile Gramin Banks viz. Howrah Gramin Bank, Bardhaman Gramin Bank and Mayurakshi Gramin Bank as per Govt of India Notification No: 1/4/2006-RRB dated 26.02.2007.

Eligible candidates may send their applications or apply online on or before 11-09-2013.

More details like age limit, qualification, selection process are given below…

Paschim Banga Gramin Bank  Recruitment Details:

Sr. No.	Post Name	Educational Qualification	Total No. of Post	Pay Scale
1	Officer Scale-I	i. Degree in any discipline from a recognized  University or its equivalent ii. Proficiency in local language	Total: 46 (SC-05, ST-04,OBC-14, Gen-23)	Rs. 14500-25700
2	Office Assistant (Multipurpose)	Degree in any discipline from a recognized University or its equivalent Essential: Proficiency in local language	Total:69 (SC-6,ST-03, OBC-25,Gen-35)	Rs. 7200-19300

Educational Qualification: Degree in any discipline from a recognized  University or its equivalent

Desirable:Proficiency in local language

Age Limit(in yrs): Interested candidates who are appearing for this post should have the age of 25-35 years .

Age Relaxation:

(i) Scheduled Caste / Scheduled Tribe candidates – by 5 years;

(ii) Other Backward Classes candidates – by 3 years;

(iii) Persons with Disabilities – by 10 years;

(iv) All persons who are ordinarily domiciled in Kashmir Division of J&K State during 01.01.80 to 31.12.89 – by 5 years;

(v) Persons (Children / Family members of those) affected by 1984 riots – by 5 years.

(vi) Ex-servicemen, Commissioned Officers including those ECOs / SSCOs who have rendered at least 5 years Military service and have been released on completion of assignment otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to Military service or on invalidment –By 3 years in addition to the period of service in Defence forces subject to a maximum of 50 years (in case the selection Is only through interview).

Pay Scale/Salary(in Rs.):Selected candidates would be eligible to get the pay scale of around

• For Officer Scale-I:Rs.14500-25700/-.
• For Office Assistant (Multipurpose):Rs.7200-19300/-.

Hiring  Procedure:Selection will be made on the basis of performance in RRBs- Common Written Examination (CWE) conducted by IBPS in September 2012 and Personal Interview. Merit list of the candidates for final selection based on Total Weighted Standard Scores (TWSS) obtained by them in CWE of IBPS and Personal Interview will be prepared in descending order under each SC/ST/OBC/UR category.

Personal Interview: Depending on the number of vacancies, Bank will call from among who have applied to bank, the number, equivalent to three times the number of vacancies short-listed based on their Total Weighted Standard Scores (TWSS).Remaining applicants, if any will not receive an interview call from the Bank.

Interview Center:The Interview will be held at the Head Office, Paschim Banga Gramin Bank, Howrah and the complete address of the venue will be advised in the call letters. The address of the venues will also be displayed in the Bank’s website one week before the dates for commencement of Interviews.

Total No. of Post: 115-Post

Application Fees:

Officer (Scale I & II)

• -Rs. 20/- for SC/ST/PWD candidates. 
• Rs.100/- for all others 

Office Assistant (Multipurpose)

• Rs. 20/- for SC/ST/PWD/EXSM candidates. 
•  Rs.100/- for all others

How To Apply:Candidates are required to apply online through Bank’s website www.paschimbangagraminbank.com between 27-08-2013 and 11-09-2013. No other means/ mode of application will be accepted.

Some Important Instructions:

(a) Before applying for any of the mentioned post, the candidate should ensure that he/she fulfils the eligibility and other norms mentioned in this advertisement. Decision of the Bank in all matters regarding eligibility of the candidate, the stages at which scrutiny of such eligibility is to be undertaken, the documents to be produced for the purpose of the
conduct of interview, selection and any other matter relating to recruitment will be final and binding on the candidate. No correspondence or personal enquiries shall be entertained by the bank on this behalf. Mere admission to the Written Test and/ or passing the test and being invited by the Bank for the Interview shall not imply that the Bank has been satisfied beyond doubt about the candidate’s eligibility. Candidates who do not satisfy the eligibility criteria and who do not produce the photocopies as well as the originals of all the documents required to be submitted and as advised in this notification as well as in the Interview call letter, for any reason, whatsoever, shall not be permitted to participate in the Interview, even though they may have obtained the desired level of score in the Written examination and have been called for interview.In case it is detected at any stage of recruitment that a candidate does not fulfil the eligibility norms and/or that he/she has furnished any incorrect/false information/certificate/documents or has suppressed any material fact(s), his/her candidature will stand cancelled. If any of these shortcomings is/are detected even after appointment, his/her services are liable to be terminated.

(b) Candidates belonging to OBCs but coming in the “CREAMY LAYER” are not entitled to the benefits of OBC reservation. They should indicate their category as “UR” or “UR Persons with Disabilities’ as applicable. OBC Certificates in the format as prescribed by the Govt. of India and issued by the Competent Authority inter alia, specifically stating that the candidate does not belong to the Socially Advanced Sections excluded from the benefits of reservations for OBCs in Civil Posts and Services under Govt. of India i.e. carrying ‘CREAMY LAYER’ clause based on income issued recently (i.e., issued on or after 05/11/2012 should be submitted at the time of Interview.

 

(c) Persons with Disabilities claiming the benefit of reservations/age relaxation should possess Medical Certificate as specified in the Disabilities Act of 1995 in support of their disability. 

(d) Candidates serving in Government/Public Sector Undertakings (including banks) should send their application through proper channel and produce a “No Objection Certificate” from their employer at the time of Interview, in the absence of which their candidature may not be considered. 

(e) The candidates will have to appear for interview at their own expense.

(f) Only candidate willing to serve anywhere in the operational area of the bank should apply.

(g) Any request for change of address will not be entertained.

Important Date :

Payment of Application Fees	27-08-2013 to 11-09-2013
Opening date for Online Registration	27-08-2013
Last Date for Online Registration	11-09-2013

For more details regarding age limit, qualification, selection process, pay scale, how to apply are available in the following link…

Click here for the Advt

Click here for the Official Website

Click here for the Challan Form

Click here for Apply Online

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East Central Railway Recruitment 2013-Traffic Apprentice/Goods Guard/Trains Clerk For 133-Post

Name of the Organization:East Central Railway

Name of the Posts:Traffic Apprentice/Goods Guard/Trains Clerk

Eligibility:  Graduate, Diploma

Job Location: Patna

Hiring Process :Written-test

Last Date :30 Oct 2013

East Central Railway Recruitment 2013-Traffic Apprentice/Goods Guard/Trains Clerk For 133-Post: In terms of instructions issued vide Railway Boards letter no. E(NG)I-92/PM 2/16 Dated 20.08.1993 (RBE No. 129/1993) and other instructions issued from time to time General Manager (P) ,E.C.Railway Hajipur invites applications from eligible serving Railway employees of East central Railway to fill up the following posts against GDCE Quota on prescribed format forwarded through proper channel within stipulated time to concerned Personnel branch who will send the application to General Manager(Personnel) in bunch.

Eligible candidates may send their applications or apply online on or before 30-10-2013.

More details like age limit, qualification, selection process are given below…

East Central Railway Recruitment Details:

Cat No.	Name of Post	Educational Qualification	Total No. of Post					Medical Standard
			UR	SC	ST	OBC	Total
1	Trains Clerk	Matriculation OR its equivalent with not less than 50% marks in the aggregate. SC/ST/PH candidates who have passed Matriculation can apply irrespective of marks obtained by them in Matriculation. Candidates who have passes higher qualification can apply irrespective of marks obtained by them in matriculation.	07	02	01	04	14	A-3
2	Goods Guard	Degree from a Recognised University or equivalent	51	16	08	28	103	A-2
3	Traffic Apprentice	Degree from a Recognised University or equivalent. Diploma in Rail Transport management will be an additional desirable qualification	08	02	01	04	15	A-2

Educational Qualification:Diploma/Graduate, Matriculation OR its equivalent with not less than 50% marks in the aggregate. SC/ST/PH candidates who have passed Matriculation can apply irrespective of marks obtained by them in Matriculation. Candidates who have passes higher qualification can apply irrespective of marks obtained by them in matriculation.

Age Limit(in yrs): Interested candidates who are appearing for this post should have the age of 40 years .

Age Relaxation:In case of OBC 3 year’s age relaxation, 5(five) years age relaxation in case of SC/ST candidates and 5 (five) years age relaxation in case of in-service regular Government Servant.

Hiring  Procedure:Selection will be based on Written-test.

Total No. of Post: 132-Post

How To Apply:The filled in application along with the required documents should be addressed to the Senior Personnel Officer (Recruitment), Recruitment Cell, CPO Office, East Central Railway, Hajipur (Vaishali) –844101, Bihar latest by : 17.00 hrs. of 30.09.2013.

General Instruction:

1. Candidates before applying should carefully read the instructions and ensure that he/shefulfills all eligibility conditions at the time of submission of application.
2. Quotas prescribed for SC&ST will be applicable to GDCE. 6.3 All regular employees possessing the prescribed educational qualifications for direct recruitment shall be eligible to appear in the GDCE, irrespective of the grade and cadre.
3. The standard of examination shall be like that of direct recruitment to avoid any dilution of the cadre. If suitable candidates do not become available in adequate number as a result of GDCE, the shortfall will be made good by direct recruitment through Railway Recruitment Board.
4. Zone of consideration for GDCE will encompass staff belonging to all the departments /Branches in a division/Workshop/Headquarter Office/Extra Divisional Office/Production Unit as the case may be subject to their applying through proper channel in response to the notification to GDCE.
5. The number of vacancies shown in this notification are provisional and the same is liable to increase or decrease depending upon the actual needs of the administration.
6. Selected candidates are liable to be posted anywhere in East Central Railway. Decision of Railway Administration in this regard shall be final.
7. Railway Administration reserves the right to alter the modus of examinations or re-conduct written examination or to cancel part or whole of any process of recruitment at any stage.
8. Medical examination: The candidates empanelled in GDCE will have to pass the requisite medical fitness test(s) conducted by the Railway Administration to ensure that the candidates are medically fit to carry out the duties connected with the post.
9. Candidates recommended for a particular category of post with a higher medical classification will not be considered for any alternative post with lower medical classification in the event of their medical unfitness.
10. No examination fee is admissible.
11.  Enclosures to the Application: Candidates should enclose attested photocopies of the relevant certificates as mentioned below bya Gazetted Officer or self. Original certificates should not be enclosed. One extra photographshould also attached with application form.
12.  Certificates in proof of the Date of Birth. Only 10th class or school leavingcertificate will be accepted.
13. Certificates in proof of educational/technical qualifications (if any).
14.  Community certificates for candidates belonging to SC/ST/OBC communities.

Important Date :

Closing Date for Submission of Application Form- 1st 30 Sep 2013

For more details regarding age limit, qualification, selection process, pay scale, how to apply are available in the following link…

Clickhere for the Advt and Application Form

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