All the interview preparation queries and most importantly tips are welcome.One more request please refrain from speculation it is useless just focus on the interview preparation And also please don’t ask “what are my chances” Krishnaji "kar…
All the interview preparation queries and most importantly tips are welcome.
One more request please refrain from speculation it is useless just focus on the interview preparation
And also please don't ask "what are my chances"
Krishnaji "karm kar fal ki chinta na kar" :mg:
here are some articles on interview preparation
PNB interview experience
BOB interview experience
dena bank interview experience
Bookmark the above site it has got some very useful and relevant content
Please share other such sources :)
hey plz add more aspirants in this thread..
Qn on some banking laws:
1. what are BASEL 1, 2 and 3? what were the key difference from their predecessors?
2. what are CRR, SLR? what is the current rate?
3. What is CRAR?
4. KYC and its purpose/requirements?
5. difference between NBFC, commercial banks, RRBs and Co-operative Banks?
6. What are Repo/reverse Repo?
7. Who acts as banking ombudsman? What are the powers of banking ombudsman?
8. How IDBI is different from other PSU banks?
let us answer these question one by one...ctrl+c ctrl+v should be ok but wrong answer is not....
@tiplu said:Qn on some banking laws:1. what are BASEL 1, 2 and 3? what were the key difference from their predecessors?2. what are CRR, SLR? what is the current rate?3. What is CRAR?4. KYC and its purpose/requirements?5. difference between NBFC, commercial banks, RRBs and Co-operative Banks?6. What are Repo/reverse Repo?7. Who acts as banking ombudsman? What are the powers of banking ombudsman?8. How IDBI is different from other PSU banks?let us answer these question one by one...ctrl+c ctrl+v should be ok but wrong answer is not....
Answers -
1) BASEL norms are being formulated by BCBS(Banking Committee on Banking Supervision) to make the banking sector more robust in case of any financial disaster. The Basel III guidelines were formulated in the backdrop of 2008 Financial crises, so the major difference was the capital ratios, which are higher for Basel III than Basel II. Some points about Basel III are -
(i)to be fully implemented from 01/01/2013 to 31/03/2018 in India.
(ii)Tier I capital to be 7% of Risk weighted assets as against 6% at present.
(iii) the total capital ratio, including Tier I and Tier II must be 9% as against 8% stipulated by Basel III by BCBS.
(iv)banks will have to disclose the capital ratios computed under the existing guidelines(Basel II) as well as Basel III for the year end 2012-13.
2) CRR is cash money deposited by banks in RBI. The money in currency chests also account for CRR of a bank. {present value = 4.50%}
SLR is the bank's investment in govt securities, and the percentage is stipulated by RBI.{present value = 23%}.
3) CRAR is Capital to Risk assets Ratio. Every bank has to calculate the risk associated with each asset, so that bank will be more robust against any financial disaster.
4) KYC - Know Your customer are the guidelines used by bank while opening bank accounts. It helps to check the authenticity of a account holder.
5)NBFCs are the companies opened under the Companies Act 1956. These companies do not come under RBI, but RBI is trying to bring them under its control to control the flow of credit and also they are growing very fast.
Commercial banks and RRBs come under RBI and I think the name suggests lot about them.
6)Repo rate - Rate at which bank borrow from RBI{present value = 8%}
Reverse repo - Rate at which RBI borrows from Bank {present value = 7%}
7) the banking ombudsman was started by RBI in 1995 and has been modified in 2007. The RBI acts as a banking ombudsman. Powers -
(i) All commercial banks,RRBs,Co-operative banks come under this.
(ii) Maximum compensation can be 1 lakh.
(iii) The Appelate authority rests with RBI Deputy Governor.
8)Don't know this one.
@tiplu well my thoughts for the question no 8 are
IDBI gives credit facilities to the industrial sector and for the promotion of it
PSU are mainly general banks 
IF U people want any specific material
tell me i can provide u.... for specific sections
@maverik02
Qn 4: Just to add KYC is a RBI mandate and the main purpose is to stop money laundering.
Qn 5: NBFCs,as far as I know, come under RBI guideline. The difference is they can not accept savings deposits or issue check books. RRBs are formed with initial seed capital from commercial banks usually 50%, the rest is shared among central and state governments. Co-op banks are formed as per co-op act any private member/existing co-ops/govt/local bodies can create co-op banks..
Qn 8: the only thing I know is that RBI has categorised IDBI as an "other public sector bank" but not sure why this is so....
public sector unit differs from IDBI because they are working for the profit and not welfare of common people......
IDBI works for the development of industrial sector..... such as SIDBI.....
Qn 9: What is IFRS? difference between IFRS and previous Indian-GAAP?
10: What is state level banker's committee(SLBC)? what is its role in financial inclusion?
11: What is RuPay?
12: Priority sector lending?
13: What are NBFC-D, NBFC-ND and RNBC?
14: What is direct Tax code (DTC)?
15: What is transfer pricing?
Always Have Some Knowledge About Business Leaders
1. Lakshmi Niwas Mittal
Born on 15 June 1950, he is an Indian born industrialist based in the United Kingdom. He was born in Sadulpur village, in the Churu district of Rajasthan, India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs, EADS and ICICI Bank and is the chairman of the World Steel Association.
The Financial Times named Lakshmi Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 Most Influential People" by Time magazine. As of 2009, Mittal is the 8th richest person in the world. He is also the richest person in the United Kingdom with personal wealth of US$19.3 billion. He is the richest Indian in the world, with an estimated wealth of $25 billion. He resides in London, has his company registered in the Netherlands, but still holds an Indian passport. Although Mittal Steel was already the world's biggest steel company, his king-sized ambitions were evident when he took over steel giant Arcelor to create a new steel behemoth -- Arcelor-Mittal.
L N Mittal left India in the mid-1970s to start his career. He was sent to Indonesia by his father to shut down the family's ailing steel plant and sell the land. Instead, young Mittal saw an opportunity and turned the plant around.
To prove that this was no fluke, Mittal acquired a 1.3 million tonne, Iscot Steel plant in Trinidad & Tobago, which was losing $100,000 a day. One year of Mittal-style management and it was making profits, the LN Mittal legend was born. That move helped him get into America.
The Mexican government seeing the success that Mittal made of Iscot, asked him to take over their ailing steel plants in 1992. But it was not all that smooth. In 1994 Mittal had differences with his brothers and father, and went on to form his own company. The following year Mittal entered the European market, acquiring the 5 million tonne Kazakh steel plant, Karmet. Meanwhile, Mittal had listed Ispat International on the New York and Amsterdam Stock Exchanges in 1997. Eight years later Mittal Steel became the world's largest steel maker when he took over the US's largest steel producer -- the International Steel Group. He then consolidated all his steel holdings into Mittal Steel.
2. Warren Buffett
Born in August 30, 1930, he s a U.S. investor, businessman, and philanthropist. He is one of the most successful investors in history, the primary shareholder and CEO of Berkshire Hathaway,and in 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion.
Buffett is often called the "Oracle of Omaha"or the "Sage of Omaha"and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.
Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.
In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton. In 2007, he was listed among Time's 100 Most Influential People in the world.
3. Indra Nooyi
Indra Krishnamurthy Nooyi born October 28, 1955) is the Chairperson and Chief Executive Officer (CEO) of PepsiCo, one of the world's leading food and beverage companies. On August 14, 2006, Nooyi was named the successor to Steven Reinemund as chief executive officer of the company effective from October 1, 2006.On February 5, 2007, she was named Chairperson, effective May 2, 2007.
She is a Successor Fellow of the Yale Corporation. She is a Class B director of the Board of Directors of the New York Federal Reserve. She serves as a member of the boards of the International Rescue Committee, Catalyst and the Lincoln Center for the Performing Arts. She is also a member of the Board of Trustees of Eisenhower Fellowships, and currently serves as Chairperson of the U.S.-India Business Council.
Forbes magazine ranked Nooyi third on the 2008 and 2009 list of The World's 100 Most Powerful Women.Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008 and 2009. In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.
In 2007, she was chosen as a recipient of the Padma Bhushan award by the Government of India. In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.
In January 2008, Nooyi was elected Chairman of the US-India Business Council (USIBC), a non-profit business advocacy organization representing more than 300 of the world's largest companies doing business in India. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry.
1. Lakshmi Niwas Mittal
Born on 15 June 1950, he is an Indian born industrialist based in the United Kingdom. He was born in Sadulpur village, in the Churu district of Rajasthan, India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs, EADS and ICICI Bank and is the chairman of the World Steel Association.
The Financial Times named Lakshmi Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 Most Influential People" by Time magazine. As of 2009, Mittal is the 8th richest person in the world. He is also the richest person in the United Kingdom with personal wealth of US$19.3 billion. He is the richest Indian in the world, with an estimated wealth of $25 billion. He resides in London, has his company registered in the Netherlands, but still holds an Indian passport. Although Mittal Steel was already the world's biggest steel company, his king-sized ambitions were evident when he took over steel giant Arcelor to create a new steel behemoth -- Arcelor-Mittal.
L N Mittal left India in the mid-1970s to start his career. He was sent to Indonesia by his father to shut down the family's ailing steel plant and sell the land. Instead, young Mittal saw an opportunity and turned the plant around.
To prove that this was no fluke, Mittal acquired a 1.3 million tonne, Iscot Steel plant in Trinidad & Tobago, which was losing $100,000 a day. One year of Mittal-style management and it was making profits, the LN Mittal legend was born. That move helped him get into America.
The Mexican government seeing the success that Mittal made of Iscot, asked him to take over their ailing steel plants in 1992. But it was not all that smooth. In 1994 Mittal had differences with his brothers and father, and went on to form his own company. The following year Mittal entered the European market, acquiring the 5 million tonne Kazakh steel plant, Karmet. Meanwhile, Mittal had listed Ispat International on the New York and Amsterdam Stock Exchanges in 1997. Eight years later Mittal Steel became the world's largest steel maker when he took over the US's largest steel producer -- the International Steel Group. He then consolidated all his steel holdings into Mittal Steel.
2. Warren Buffett
Born in August 30, 1930, he s a U.S. investor, businessman, and philanthropist. He is one of the most successful investors in history, the primary shareholder and CEO of Berkshire Hathaway,and in 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion.
Buffett is often called the "Oracle of Omaha"or the "Sage of Omaha"and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.
Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.
In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton. In 2007, he was listed among Time's 100 Most Influential People in the world.
3. Indra Nooyi
Indra Krishnamurthy Nooyi born October 28, 1955) is the Chairperson and Chief Executive Officer (CEO) of PepsiCo, one of the world's leading food and beverage companies. On August 14, 2006, Nooyi was named the successor to Steven Reinemund as chief executive officer of the company effective from October 1, 2006.On February 5, 2007, she was named Chairperson, effective May 2, 2007.
She is a Successor Fellow of the Yale Corporation. She is a Class B director of the Board of Directors of the New York Federal Reserve. She serves as a member of the boards of the International Rescue Committee, Catalyst and the Lincoln Center for the Performing Arts. She is also a member of the Board of Trustees of Eisenhower Fellowships, and currently serves as Chairperson of the U.S.-India Business Council.
Forbes magazine ranked Nooyi third on the 2008 and 2009 list of The World's 100 Most Powerful Women.Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008 and 2009. In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.
In 2007, she was chosen as a recipient of the Padma Bhushan award by the Government of India. In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.
In January 2008, Nooyi was elected Chairman of the US-India Business Council (USIBC), a non-profit business advocacy organization representing more than 300 of the world's largest companies doing business in India. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry.
make sure you read it also
its important 
Will it be an interview only or GD+Interview?
@sps.bais don't know till now
well it depends on different banks
and some people are also talking about combined interview
so be prepare for the worst
Banking Abbreviatio`ns – 2' *. LAB ----------------------- Local Area Bank*. LC ----------------------- Letter of Credit*. LOC ----------------------- Letter Of Comfort*. Dont confuse between LC and LOC
*. M-Banking ----------------------- MObile Banking
*. NABARD ----------------------- National Bank for Agriculture and Rural Development
*. NBFC ----------------------- Non-Banking Finance Company
*. NDS ----------------------- Negotiated Dealings System
*. NDTL ----------------------- Net Demand and Time Liabilities
*. NEFT ----------------------- National Electronic Fund Transfer
*. NHB ----------------------- National Housing Bank
*. NI Act ----------------------- Negotiable Instrument Act
*. NPA ----------------------- Non-Performing Assets
*. NRE a/c ----------------------- Non-Resident External Account
*. NRI ----------------------- Non-Resident Indian
*. NWC ----------------------- NetworkingCapital
*. OBU ----------------------- Off-Shore Banking Units
*. PAN ----------------------- Permanent Account Number
*. PLR ----------------------- Prime Lending Rate
*. PMEGP ----------------------- Prime Minister's Employment Generation Programme
*. PMRY ----------------------- Prime Minister's Rozgar Yojana
*. PSA ----------------------- Priority Sector Advances
*. QIB ----------------------- Qualified Institutional Buyers
*. REPO ----------------------- Re-Purchase Option
*. RIDF ----------------------- Rural Infrastructure Development Fund
*. RTGS ----------------------- Real Time Gross Settlement
*. RTI Act ----------------------- Right To Information Act
*. SARFAESI Act ----------------------- Securitization and Reconstruction ofFinancial Assets and Enforcement of Security Interest
*. SCB ----------------------- Scheduled Commercial Banks
*. SEBI ----------------------- Securities and Exchange Board of India
*. SGL ----------------------- Subsidary General Ledger
*. SHG ----------------------- Self Help Groups
*. SIDBI ----------------------- Small Industries Development Bank of India
*. SLR ----------------------- Statutory Liquidity Ratio
*. SME ----------------------- Small and Medium Enterprises
*. SWIFT ----------------------- Society for World wide Inter Bank Fund Transfer
*. TDS ----------------------- Tax Deducted at Source
*. UCPDC - 600 ----------------------- Uniform Customers and Practices on Documentary Credits
*. YTM ----------------------- Yield To Maturity
*. M-Banking ----------------------- MObile Banking
*. NABARD ----------------------- National Bank for Agriculture and Rural Development
*. NBFC ----------------------- Non-Banking Finance Company
*. NDS ----------------------- Negotiated Dealings System
*. NDTL ----------------------- Net Demand and Time Liabilities
*. NEFT ----------------------- National Electronic Fund Transfer
*. NHB ----------------------- National Housing Bank
*. NI Act ----------------------- Negotiable Instrument Act
*. NPA ----------------------- Non-Performing Assets
*. NRE a/c ----------------------- Non-Resident External Account
*. NRI ----------------------- Non-Resident Indian
*. NWC ----------------------- NetworkingCapital
*. OBU ----------------------- Off-Shore Banking Units
*. PAN ----------------------- Permanent Account Number
*. PLR ----------------------- Prime Lending Rate
*. PMEGP ----------------------- Prime Minister's Employment Generation Programme
*. PMRY ----------------------- Prime Minister's Rozgar Yojana
*. PSA ----------------------- Priority Sector Advances
*. QIB ----------------------- Qualified Institutional Buyers
*. REPO ----------------------- Re-Purchase Option
*. RIDF ----------------------- Rural Infrastructure Development Fund
*. RTGS ----------------------- Real Time Gross Settlement
*. RTI Act ----------------------- Right To Information Act
*. SARFAESI Act ----------------------- Securitization and Reconstruction ofFinancial Assets and Enforcement of Security Interest
*. SCB ----------------------- Scheduled Commercial Banks
*. SEBI ----------------------- Securities and Exchange Board of India
*. SGL ----------------------- Subsidary General Ledger
*. SHG ----------------------- Self Help Groups
*. SIDBI ----------------------- Small Industries Development Bank of India
*. SLR ----------------------- Statutory Liquidity Ratio
*. SME ----------------------- Small and Medium Enterprises
*. SWIFT ----------------------- Society for World wide Inter Bank Fund Transfer
*. TDS ----------------------- Tax Deducted at Source
*. UCPDC - 600 ----------------------- Uniform Customers and Practices on Documentary Credits
*. YTM ----------------------- Yield To Maturity
I do have a few questions..ny1 can answer..bt same rule..ctrl+c ctrl+v should be ok but wrong answer is not....
1. How banks decide their interest rates?
2.How is the value of rupee measured?
3.What is current savings rate? Why do different banks have different saving rates?
4.What is negotiable instruments?
5.Will the basic saving rules be same for all customers? (Ex: customers having 1000/- rs saving account and customers having 2-3k rs saving account)