What kind of challenges in Indian banking industry are facing now-a-days.?
If they simply ask- what are the types of loan?
Dear IBPS PO Aspirants,
Here are some essential questions and theirs answers.
1. RBI shifted from Quarterly to bi-monthly policy review. What do you mean by bi-monthly policy review?
Previously, the Reserve Bank of India (RBI) released the monetary policy review every quarter (once every three months). Now, the apex bank has shifted to a bi-monthly policy review, which means that it will announce the monetary policy review after every two months. The first bi-monthly policy review was announced on April 1, 2014. This was started after then Deputy Governor Urjit Patel suggested that RBI’s monetary policy committee should convene every two months to review rates.
2. What is monetary policy? Who controls India’s monetary policy?
The RBI determines India’s monetary policy. It is a method by which the central bank maintains sufficient money supply in the economy by controlling interest rates and other instruments to ensure price stability and high economic growth.
3. What are Open Market Operations?
Open Market Operations refer to the purchase or sale of government securities in the open market by the RBI. · When the RBI sells securities in the market, money gets transferred from commercial banks to the RBI. This decreases money supply in the system. Shortage of money in the economy helps to control spending by individuals/corporates and keep inflation in check. ·When the RBI purchases securities from the market, money gets transferred from RBI to the commercial banks, thereby increasing the money supply. This is done if economic growth is sluggish.
4. What is Repo rate?
Repo rate is the rate at which the RBI lends money to commercial banks in case of any shortage of funds. It is the rate of interest charged on short-term (3-90 days) loans. It is used by monetary authorities to control inflation.
Must know questions and answers, part 2
5. What happens when the RBI increases or reduces the Repo rate?
When the repo rate increases, borrowing from the RBI becomes more expensive. In other words, the RBI would charge a higher rate of interest for money provided to various commercial banks. The banks would thus be forced to charge their customers a higher rate of interest on home and auto loans in order to balance the impact of the rate hike. Thus, while on the one hand, inflation is under control as there is less money to spend, growth suffers as companies avoid taking loans at high rates. This leads to a drop in the production and the expansion.When the repo rate is reduced, banks get money from the RBI at a cheaper rate of interest. Banks thus charge their customers a low rate of interest on home, auto and other types of loans.
Must know questions and answers, part 3
6. What is Cash Reserve Ratio (CRR)?It is the reserve of funds that banks must mandatorily keep with the RBI, and is a percentage of the deposits held by the bank. The RBI uses CRR to remove excessive money from the system. If the central bank decides to increase the CRR, the amount available with the banks reduces. Example: If a bank account holder deposits Rs. 1,000 in his account, the bank can use it to lend money to others, but has to deposit a percentage of that amount with the RBI. If the CRR is 4%, the bank will deposit Rs.40 with RBI and will have Rs.960 left at its disposal.
Koi suggest kr do plz
mere paas final semester ki marksheet aur provisional degree nhi h main affidavit banwane ja rha hun usme kya2 likhwana sahi rhega
I am working in a PSU bank as clerk , to attend po interview there is a need to submit noc certificate. So please someone could share format of noc
National saving scheme and national saving certificate are same or different?
what is your profile
- none of these
- experienced
- writing exam from graduation
- fresher
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usha anant subramaniam cmd of bmb or pnb????
NS vishwanathan full name??
Anyone is having interview on feb 2nd @ bangalore, syndicate bank?
In Po Interview do they ask in which language we are comfortable..
Guys,Do we need to carry any character certificates for the interview?
I am working in Royal Enfield, as CRM since JAN 2016. i did not mentioned in the application form, now if i take joining letter with me it will work or i need to take NOC, and as it is not a GOV. Organisation or PSU i didn't mentioned in my application letter. so i need to take NOC or Not?
While self attesting the photocopies do we need to write the phrase 'self attested' and then sign or just signature will do?
On what basis have you prioritised bank preferences - wat to answer for this question in interview?
Is their anyone who was member of NSS in his/her school and college days.... can you plz explain me how we can make it as our +ve point by telling it as our strength which is required in banking...
Hiye I have entered wrong percentage ofu graduation marks just minute difference of 1% what can I do?
Hello Puys,
Another Current related topic. IPPB is in news currently and hence a probable question on it can be asked in your IBPS PO Interview.
RBI issues payment bank licence to India Post
- RBI has given its nod to India Post to rollout commercial banking operations within the permissible limit stated under the licence.
- Thus it makes India Post the third entity to receive payments bank permits after Paytm and Bharti Airtel.
Highlights:
- India Post Payments Bank along with other payment banks can accept a deposit not amounting to more than Rs 1 lakh per individual and small businesses.
- AP Singh has been appointed as the interim MD and CEO of the India Post Payment Bank.
Why Payments Banks:
The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services.Other Payment Banks: Paytm, Aditya Birla Nuvo, Fino Paytech, National Securities Depository, Reliance Industries Ltd and Vodafone m-pesa.
Any one in this group is having interview on Feb 2nd??
What sort of questions can a clerk encounter for ibps po interviews?