Should i get my PG certificate as i have mentioned about in application?
Suggestions please...
- Nooo, Only UG is required
- Yes, PG also require if mentioned
0 voters
I have done b.com . What topics should I cover from graduation?
If my pre and mains xm centre was delhi then interview centre will also be delhi or smwhere else???
#interview exp for biology/biotechnology stream banking aspirants :
Bank: Allahabad Bank
Post: Probationary officer (Bank PO)
Place: Kolkata
Panelists: 4 (three male judges and one female one)
Sir1(GM/AGM): okay Mr. Majumder, tell us something about yourself, your strength, your weakness and why should we take you ?
Me: i was surprised as i was not sure where to start and just i was about start anyway, he chipped in again..
Sir1: why do you want to enter banking sector?
Answered them again the same thing as i did beforein UCO bank PO interview.
Sir1: why are you leaving the biotech field and willing to enter the banking sector?
Me:In biotech, for fresh graduates and by a large extent, also the post grads, the scope is almost zero in our country. Those companies mostly recruits research fellows and the emoluments given by them are less than satisfactory. In the banking sector, the scope is very broad when compared to that of biotechnology, it (banking) is also considered to be the sunshine industry of country. In this field i will get to know not just about bank to bank branching but also about consultancy, other services like financial services, telephone banking, retailers, corporate banking, etc. So banking is a fast changing environment and with the advent of various technologies and products, scope for learning is much more now.
Sir1: so what was the use of doing B. Tech. and join Banking?
Me: right now, for me completing the B. Tech. degree from a premier institute like NIT Durgapur has become a scale of my ability and performance. I cleared a highly competitive exam to get there. If i can stand in that kind of a competition and earn a degree which is considered to be a respectful qualification, i believe that i can also do very well in banking.
Madam: don’t you think that you are over qualified for this job?
Me: no ma’am, I am not over qualified. I am well qualified for this job.
Hearing this answer from me they looked at each others faces for a while with a mischievious smile on each face.
Sir1: why did you left Infosys?
Me: i was a trainee in that company. In the end i was ill as i had developed some liver complications in me. So i missed some classes of that training program. As a result i was unable to clear 5 exams. I was given another chances to clear those five papers but the other classes were running in parallel. The pass percentage in each exam is 65% in Infosys but i managed to score only 58 to 60. If i had enough time would have made it through. Infosys is widely known for their excellent but intense training program. So in the end, i missed it. Hence i was unable to cope up and failed in the second chances as well. Thus i was asked to resign ‘cuz according to them i was not performing well.
Madam: which bank is considered to be the apex bank of our country?
Me: RBI.
Madam: what do you know about our bank?
Me: i told them whatever i knew about allahabad bank. Described its history briefely as i learnt through Wikipedia. Told them about the bank’s position being at 10th in the market among all the PSU banks in terms of market shares, talked about the bank’s share price and its rates of interests for each facets which the bank provides. While i was jabbering they were sometimes listening to me and watching me while going through my credentials.
Sir1: how can your knowledge in biotech help our organization?
Me: my knowledge in biotech might help your organization to decide whether to give loans to various biotech companies or in the agricultural sector.
Sir2: (he was watching me for a long time and was glancing at the GM/Agm at the center from time to time, as if he wants the permission to nail me. I was ready for him anyway..). You are a Biotech student. Can you answer some questions related to biotech??
Me: (Hell Yeah!!! Shoot it with all you want! sure sir why not!!
Sir2: what are GM crops? Give examples of GM crops in India.
Answered that correctly.
Sir2:Why are they calle BT-cotton or BT-Brinjal?
Me: BT stands for Bacillus thuringensis. Its a species of bacteria used for the genetic modification of the said crop. Gave some other explanations as well.
Sir2: whats the use of GM crops?
Answered that too.
(And the cakewalk question for me) Sir2: what are abiotic and biotic factors? And what is probiotic food?
Answered this smoothly!!!
(And then the hammer cam down on me WHAM!
Sir2: what is the difference between shares and debentures??
Me: sorry sir, i don’t know that.
Finally the third male, he was almost dozing all along he turns up and asks me the funniest question!!
Sir3: the effect that the WTO is having on the biodiversity of the planet, according to you, is it good or bad?
Me: WTO, (and i was telling myself, WTF!!!!), you mean World Trade Organization??
Sir3: yes.
Me: WTO is totally different from the issues regarding the subject of life sciences. You must be talking about the various norms set by the WTO for trading amongst the nations and the conditions for carbon emissions involved in the process by the developing countries.
Sir3: maybe...
I went on saying whatever came to my mind, yakked all the way long, as long as i could and in the end concluded that the effects are highly debatable. Nothing concrete opinion could be drawn.
Sir3: (shaking his head annoyingly and disrespectfully, in a low voice, says) being a BIO-ECONOMICS student you don’t know this thing well. (Then raising his voice to normal level,) ok thats all from my side.
Sir1: ok thats all from our side, you may leave.
#copied
why banking sector ??? share some plus points ??/
Who is current head of bharti mahila bnk? M confused goggle seems not knowing Pls help
Revenue deficit is diff from fiscal pls explain in simple words
When will be tha interview date??
any idea ??
How do I explain leaving SAIL MTT to join IBPS PO? 🙌
Any electrical graduate who appeared for interview in banking sector.What type of question do they ask from electrical domain.
For MBA guys... M1- Morning se abhi Ek MBA Candidate mila hai, (Another Panelist corrected him that there were 2 MBA girls) Me- Sir, not only BBA+MBA but I have done my 11th and 12th in commerce, then BBA ,MBA and now I have submitted My Phd Summery. M2- It Seems like we got a package here? M1- What is your Phd Topic? Me- Sir, Its Emotional Intelligence (Told them detail topic) M1- Why people spend 10-15 lakhs on MBA? Marwadi people they don’t do MBA course but they are performing good in businesses. Me:- Sir, doing MBA gives us exposure to different knowledge. Industrial visits, live projects, Lectures from Industry people and Rich Academic content improves personality of a student and also enhance confidence level. Sir,Regarding marwadis , Education grooms a person so as live field experience. And Marwadi community people they have the rich experience of second part. M1- That’s true. M2-How will you utilize your experience in Bank? Me- Sir, I have groomed my communication skills, Confidence and emotionally I am tough. All this skills are basic requirement of service industry. I understand people better, I can cater them banking services, efficiently . M2- Mr. Rohit Sell us Saving Bank account of your XYZ bank? Me: Good afternoon Maam, Good Afternoon Sir, My Name is Rohit and I am from XYZ bank , Today I am going to give you information regarding a Saving Account product . You must be thinking that every other bank have saving accounts and rate of interests are also almost same then why XYZ bank?, Let me tell you, We are different , because we provide quality services and take care of our customer’s convenience. We provide privileged services to our customers. Be our customer and I assure you will always cherish this decision of yours. F1: Quality Service?I came to your bank yesterday, my father is admitted in ABC hospital and I was in hurry, I asked help there in your bank, nobody attained my query, the guard was so rude, that I felt like to punch him. I think you are lying here in front of us about your quality services? Me- I apologize on behalf of my bank and I personally will take care of your query and rectify the mistakes happened yesterday. Maam every bank goes through ups and down moments, I guess you have experienced the down side yesterday. I request you to not make judgment on yesterdays experience about my bank, please give us one more chance. F5- (Smiled) Ok. M2- Don’t you feel that leaving your job was a wrong decision of yours? you can earn better in faculty job? Me: Sir, I have spent 5 years in Teaching job , but the nature of job was contractual, and let me tell you the blind side of Teaching Fraternity , if one wants to have permanent job then he is asked to pay. M1-(Intrupting me) – 12-15 Lacs ,, I know ,I know. Me: Sir , my experience and my skills are not for sale and paying bribe is against my principles. M2: Who helped you in past 6-7 months Me: Sir, My father, brother my family, everyone helped me in past 6-7 months financially as well as mentally. M3: Tell me about your family? Me: Sir I live in a joint family with my Parents, Brother, Sister in law , My wife and my daughter. M3: Tell me about your father? Me- Sir ,My father is a retired banker, he was with SBI. He joined SBI as clerk and retired from the post of District Co-ordinator, He is a hard worker and he has groomed us in the same way. His life is like a parameter to me and I want to prove myself to him. M2: Why don’t you try in Pvt Banks? Did you try earlier? Me: No Sir , I haven’t tried in Pvt bank, I feel it is not my cup of tea. M2- Why? Me: Sir, I search for safety and security in a job and Honor, governor of RBI, Mr Raghuram Rajan ,last year in one interview told that recession is going to strike in Indian Economy soon.In pvt banks there is a tendency of laying off people. Sir, I want a safe and secured future for my daughter so I didn’t apply for Pvt bank job. M2: Mr Rohit let me ask you concluding question, where do you see yourself after 20 years Me: Sir, I don’t know in which bank I am going to land up, so it would be tough to tell exactly on which designation I will be working after 20 years, but yes, one thing is sure sir, u will find me learning something at that time also. M2: Mr Rohit, I see you in the post of GM after 20 years, thank you. Rohit: Thank you sir. Thank you Madam #Copied
Is there anyone who is from delhi and he/she has prepared questions that can be asked in interview related to delhi region, then guys please share
Does anyone know when call letters are going to be issued?
What type of tie, bhai?
Guys, those who want to discuss govt schemes under Ministry of Power, pls join..
🔥: Copied How do banks work.... One must read . . Son: I have heard recently that Mr. Rajan has reduced Repo Rate by 50 basis points and everyone is saying that this is good for the market. Loan EMI may also come down. What is this rate cut means actually? I want to understand this. Dad: To understand this you first need to know, how does a bank function. Son: Why? Dad: Because all these are inter-related. Tell me – what does a bank do? Son: Bank takes money from depositors and gives loan to earn interest. That way they keep everyone happy and make a profit also. Dad: Correct, but there are more to it. Let me explain this in a very simplistic way. Bank needs money. Bank can get money from depositors like you and me and also from RBI. But bank also needs to pay certain interest to us and also to RBI. Son: Ok. Dad: Let us try to understand first – what happens when we deposit, say, Rs. 100 with a bank. Son: I know that. Bank gives that Rs. 100 to someone who needs a loan. Dad: No, it is not that simple. Remember, though bank can earn interest by giving away loans, but it is also very risky. There are many cases of loan defaults. This way banks can put all our money into high risk areas. It has to be protected. Son: How? Dad: Ok, RBI has made it mandatory that upon receiving, say, Rs. 100 – banks first have to deposit Rs. 4 with RBI. RBI keeps this Rs. 4 in its current a/c and hence banks do not receive any interest on this money. This is known as Cash Reserve Ratio or CRR, which is currently at 4%. Son: Hmmm, then? Dad: RBI has also made it mandatory that upon receiving, say, Rs. 100 – banks need to compulsorily buy central and state govt. securities of Rs. 21.50. Of course banks will earn some interest income here. This is known as Statutory Liquidity Ratio (SLR), which is currently at 21.50%. Son: Ok, so you mean to say that upon receiving Rs. 100, banks can spend only Rs. 74.50 at its own will. Dad: Correct. 100 – (4 + 21.50) = 100 – 25.50 = 74.50 Son: But you were saying that banks can also borrow from RBI. What interest banks pay to RBI? Dad: Before 30th September, banks were paying 8.25% interest to RBI when it borrows money from RBI. Now this rate has been reduced by 50 basis points. So banks now need to pay interest to RBI, if it borrows from RBI, at the rate of 7.75%. This is known as Repo Rate. Son: Can fixed deposit rate be affected by reduction of Repo Rate? Dad: Of course. If banks get money from RBI @7.75%, why will banks pay higher interest to you and me? One year FD rate is already revised by many banks and it is equal to or very close to 7.75%. Son: But as now banks are getting money at a cheaper rate, then they should reduce the loan interest rate i.e. passing on the benefits it receives. Dad: Correct. They should. And on that hope market is cheering. If companies get loan at a cheaper rate, they will likely to expand their businesses. That will create more jobs, more income and boost the economy. Son: How is inflation linked to this? Dad: See, when loan becomes cheaper, people tends to borrow more. That means people will have more money to spend. This will increase the demand for goods, and if supply does not increase to match this demand, then prices will increase. Son: So there is a chance, that inflation may rise also? Dad: Well, yes. But inflation depends on many other factors as well, like production (industrial and agricultural), manufacturing, export – import, foreign currency movement etc. So inflation may increase or may not. Son: One last question. Like we deposit our money with banks, can banks also deposit their money with someone? Dad: Yes, they can deposit with RBI and earn interest too. This interest is typically 1% less than the repo rate. This rate is known as Reverse Repo Rate. Son: Great! So now I understand CRR, SLR, Repo Rate, Reverse Repo Rate and their impact on deposit rate, loan interest rate and on inflation
Hi ... I have mistakenly gave my DOB as 12/09/1990 where correct one is 13/09/1990 during registration....... Will I be allowed to seat in interview or I will be failed in doc. verification ?
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