Tell me something about yourself? Generally this is the first question which is put up in front of the candidate appearing in the interview. To answer this, the candidate must tell his name, place of residence and his current work or educational degree along with a very brief note on his family-father, mother and siblings. Some key points to note here are:- He must know the meaning of his name and specific reference with his name if any. Prashant Mahasagar or Pacific Ocean. The answer should be precise and questions like- if your father is a teacher then why do you want to become a banker?
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Tell me something about yourself? Generally this is the first question which is put up in front of the candidate appearing in the interview. To answer this, the candidate must tell his name, place of residence and his current work or educational degree along with a very brief note on his family-father, mother and siblings.
Some key points to note here are:- He must know the meaning of his name and specific reference with his name if any. Prashant Mahasagar or Pacific Ocean. The answer should be precise and questions like- if your father is a teacher then why do you want to become a banker?
Be prepared with the answers to these expected questions. Because this is the first question so the candidate must give a short and effective answer. You might be nervous at the beginning but remember to keep a smile on your face. Where have you come from and what is famous in your city? The candidate must tell about his place of living- city and state. If the board further asks about any specifications, then name of the district etc.
The key things to deal this question effectively are:- - The candidate must know about the local MLA and MP from his area. If any renowned personality belongs to that area, you should be aware of the details. For ex: - A candidate from Ghazipur, U. Why do you want to join the banking industry? It is one of the fastest growing sectors of the nation and provides great career opportunities. There could be many other reasons for you wanting to join the bank industry for e.
The choice of reason could be anything that suits you as a person. This is a very commonly asked question and you must be prepared to answer it. Please tell us about your strength and weaknesses? Here, the answers vary from candidate to candidate.
But the strength and weakness should be such that they match up to or are in synchronization with the personality of the candidate. For ex:- If a candidate says that his strength is is general awareness while in reality he possesses least knowledge of current affairs - cross questioning can easily unveil him and could actually land him in trouble.
Some key things to answer this question effectively are:- - Try to put forward a strength which is useful in the banking sector. For ex: - good communication skills, adjustable etc. The strength should bring about a positive aspect of your personality in front of the board.
Be prepared with an answer. In the answer you must introduce all your unique talent in front of the board. So that the interview enters in your own comfort zone. After doing B.
Why not something related with you field of education? You must give honest and sensible answers to such question. Banking is a safe sector providing great employment opportunities. You can also expect some questions from academics. So, you must also prepare the subjects studied by you in the degree.
What are the basic documents a person requires to open an account? This information includes: - photograph, proof of identity and proof of address. Key points:- - The interviewer might ask whether you have a bank account or not.
Who is the governor of RBI? His tenure is of 3 years ending in September Key points:- - In IBPS interviews, you must have a quick read about the prominent personalities of banking industry, especially governor and deputy governors of RBI. Tell us something about the 27th or latest public sector bank in India. Sir, the 27th public sector bank in India is Bhartiya Mahila Bank.
It was created by Finance Bill India is the third country in the world to have a bank especially for women after Pakistan and Tanzania. So, try to know every basic point about BMB. Initial capital of Rs. Similarly, if there has been some other initiative in that year, you should be well aware of it.
What do you understand by the GDP of the country? The final value of all the goods and services produced under the geographical area of a country is the Gross Domestic Product of that country. GDP is calculated at consumption, investment and exports and imports are subtracted from the sum of these three.
Who are the Bharat Ratna awardees, ? Sir, Mr. Sachin Tendulkar and Mr. R rao are the two recent awardees of Bharat Ratna award. Both of them are the 42nd and 43rd recipients of the award. CNR Rao received the award for his contribution in the field of chemistry whereas Mr.
Tendulkar received the award for his contribution in the game of cricket. Also, he is the first sportsperson to have recived the highest honor of India. Difference between NBFC and banks?
Non-banking financial companies are financial institutions that provide banking services, but do not hold a banking license. These institutions are not allowed to take deposits from the public. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities.
What is the difference between nationalized banks and private banks? A nationalized bank is owned by the govt. What are the Non Performing assets of a company? A NPA is an obligation payable to the bank which has not been made or the interest and principal amount has not been paid on the due time. NPA is the loan or credit provided by the bank to its customers which could not be recovered in due time.
Thus NPA is somehow not yielding any income to the lender either in the form of principal or interest payments. NPA is shown at the assets side of the balance sheet whereas deposits are shown at the liability side.
If there is any recent story or news regarding NPA, then revise it thoroughly. So was the case with Kotak Mahindra Bank. What are the various risks that banks face? The CASA ratio shows how much deposit a bank has in the form of current and saving account deposits in the total deposit. A higher CASA ratio means better operating efficiency of the bank because on current account there is no interest payable whereas on savings account a tiny 3.
CASA ratio shows how much of the deposit of the bank comes from the current and savings deposit. What is the difference between cheque and demand draft? Cheque is a negotiable instrument which is paid to the bearer but a demand draft is a negotiable instrument always payable on order.
This BSBDA is aimed at providing banking facilities to weaker section of the society and improve financial inclusion. This includes ATM withdrawls. This rate came into effect from July 1 Banks may choose any benchmark to decide on the base rate.
The exceptions of base rate are:- - Agriculture loans.
42 Bank Personal Interview Questions and Answers
Question 3. Suggestions for Answer: To answer this question, the candidate should have done some serious study about the scenario of banking at Regional, National and International Level. In fact this is not a simple question and it has many hidden questions which want to check the knowledge and level of understanding of the candidate along with his awareness. I think the banking sector will keep its goal to accelerate the growth. Secondly each bank would like to optimize its costs of marketing and distribution so as to keep its overheads low without effecting its reach or quality of services. Relating to this question, you may like to watch this video also: Question 3.
Common Bank Interview Questions with Answers
If there are areas of the job function that you do not yet have experience in, then highlight what skills you have that will facilitate learning and performing these tasks. For example your ability to remain calm under pressure and communicate clearly will help you in dealing with customers. Emphasize qualities like loyalty, integrity, confidentiality and commitment. State your technical knowledge and confirm your understanding of the basics of bank products and services. Those banking interview questions that ask you to provide an example of how you have previously demonstrated a skill or ability are called behavioral based interview questions. These type of questions are used to assess whether you have the necessary competencies to perform in a banking job.