Only under the above cases, bank can lend below base rate. Question We hear regularly that all bank branches are turning CBS. What is CBS? Answer: CBS stands for CORE banking solutions under which the branches of the banks are interconnected with each other through intranet with a central database server. Answer: Para Banking includes all the services provided by banks apart from day to day banking. Question What are the components of the monetary policy of RBI?
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Only under the above cases, bank can lend below base rate. Question We hear regularly that all bank branches are turning CBS. What is CBS? Answer: CBS stands for CORE banking solutions under which the branches of the banks are interconnected with each other through intranet with a central database server.
Answer: Para Banking includes all the services provided by banks apart from day to day banking. Question What are the components of the monetary policy of RBI?
Question What is priority sector credit? Question What is the difference between Micro finance and micro credit? Answer: Micro credit is giving a small amount of loan to the customers whereas Micro Finance is a wide term. Answer: Financial inclusion is the availability of banking services at a affordable cost in order to include the weaker section of the society in the banking system.
Question What are the steps taken by banks to promote financial inclusion? Answer: Publicity of banks so that more and more people open the accounts. BSBDA so that poor people can also open their account. People with agriculture land are being provided with Kisan Credit Card. General Purpose Credit card provided to people with no agricultural land where maximum limit of withdrawal is Rs.
Ultra small banking and banking correspondents. Answer: Repo rate is the rate at which banks borrow from RBI during shortage of funds. This is a short term loan provided for upto 90 days by selling securities to RBI and receiving money in lieu of it.
Reverse repo rate is the rate at which banks deposit their excess liquidity with the RBI. In other words, the rate at which RBI borrows from banks by selling securities in order to control excess liquidity in the market is reverse repo rate. Want to Know? Answer: It is same as repo rate but here the time period is for more than 90 days. NDTL is the deposits of the customers with the bank.
Question What is Term Repo? Answer: Under term repo, RBI lends to banks through auction of funds. The minimum interest charged has to be above the repo rate and there is no limit for maximum interest rate because auction is made on the rate of interest.
Question What is white label ATM? Answer: It refers to ATMs owned by corporate or private operators seeking to earn a commission by banks for transactions performed by their customers. Answer: It refers to the ATMs where investment, installation and maintenance is by a private operator but the license and branding is by a commercial bank. It is the apex bank to provide rural credit and monitor the RRBs. Acts as a subsidiary for RRBs and co-operative banks.
Questions What is banking ombudsman scheme? It was introduced under the Section 35 A of banking regulation act, by RBI with effect from which was later amended and became the banking ombudsman scheme, Customer can appeal against the decision of ombudsman to deputy governor of RBI. He is the highest authority of appeal. All banks in India are covered under the scheme.
Answer: FDI or foreign direct investment is an investment that a parent company makes in a foreign country. FII or Foreign Institutional Investor is an investment made by an investor in the markets of a foreign nation. FII can enter the stock market easily and also withdraw from it easily.
Question What is the CAD? What is Fiscal deficit? Answer: CAD or current account deficit is the difference between the imports and exports of a nation in one financial year whereas fiscal deficit is the difference between total revenue and expenditure of a nation. Question What is inflation and deflation? Answer: Inflation is the increase in the price of goods and services due to more demand and less supply. In inflation, there is more liquidity in market which has to be controlled to reduce the purchasing power of customers.
Deflation is the decrease in prices of goods and services due to more supply and very less demand. In deflation, there is lack of liquidity in market which results in very weak purchasing power of people. DEMAT accounts are those in which shares, securities and insurance policies are kept in electronic form.
Question Name a few poverty eradication schemes of govt. It provides the required rate of return given the riskiness of the asset. Question What is accretion and dilution?
Answer: Accretion is asset growth through addition or expansion. Dilution is a reduction in earnings per share of stock that occurs when additional shares are issued or the stock changes into convertible securities.
Question Why should a company prefer equity finance to debt finance? Your equity investors will have a longer term view. Your company will have more credibility. Question How do you boost returns in an LBO? Answer: The key levers are: a lower purchase price, a higher exit price when the company is sold on , increased leverage. Answer: The treasury stock method is used to calculate the net increase in shares outstanding if in-the-money options and warrants were to be exercised.
A largest banks for their preferred customers, having a good credit score. A large number of aspirants can take part in this exam. After the exam, Bank organizes an Interview for the selection of talented applicants. So you need to show that you are skilled for the job. For this, practice is very necessary for pass candidates in the written exam of the Bank.
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.
42 Bank Personal Interview Questions and Answers
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.