Does anybody know when will the joining letters arrive?
Can anybody gimme contact of RBI services board?
everyone who has not qualified. Kindly create a group for 2015-16 rbi gr-b....this group has been very nice
6 people are selected from Hyderabad which includes me...people selected from Hyderabad, can we have a meeting planned, anyone here...
With the 2014 exam over, I wish best of luck to all guys who have made through. I hope you serve RBI in earnest & achieve all that you desire. I also urge the candidates to share their interview & written experience, strategies followed, etc. that made you guys stand apart. All those who have missed, have important lessons learnt, & it would be of great help if they also can share their learning. I will chip in with some personal insights on interview as well.
Down, but standing up again 😃
This is another sequel to my interview experience & my interpretation about it. In my earlier post I had mentioned about the "type of questions". This time around I intend to focus on "types of CANDIDATES".
'Types' of Candidates:
1. BFSI experience (2-3 or more years of experience) - These people have a strong chance of getting through as these people have "direct" questions thrown at them based on their work exp. The questions though difficult (out of context for normal people) are within reach of these people & they should answer 80+ % of these questions. My friend from RRB who happens to have 5 yrs of work experience had technical questions asked even by the panel head, & there were no HR questions asked. However, it is double edged sword. But you can at least predict the questions based on your profile.
2. MBAs/MA Economics/M Com - If you are from a Tier 1 college & have decent work exp. Then expect a FEW "knowledge" based questions (e.g. - Capital Adequacy Norms/NI/NPA classification/Financial Repression/ & MORE "Analytical" questions (Why Public Debt Management should be separated from RBI?/How can Term repos help manage liquidity better?/ Effect of New GDP method on various indicators?), & vice-versa if you are from a Tier 2 college. The reason is increased expectations. The better your profile, the more the expectations of the panel. This is from my experience & that of others who shared their experience with me. If you are MBA from a top B school with decent work experience & you miss a question of med difficulty you will be assessed poorly. If you miss an easy one you are dead. Don't get more than 3-4 medium/difficult questions wrong/miss else you may get stuck in lower 20s. The same won't happen to a candidate of Tier 2 college. In life underdogs have a slight advantage, if they perform, but then underdogs seldom perform. Moreover, the panel has huge "leverage" to play around with (3.36 in UR to 7 in SC/ST) What I understand is that whatever you project through your "Application form" & your 'conduct' in interview & say about yourself in the HR questions, will be tested by the panel & has to be evenly matched by you in Techical questions, if possible bettered in technical question. Surprise them!!
3. No work ex/ No Masters/non BFSI exp - Graduation/HOBBIES/Current Affairs/ extensive knowledge based question on Banking/Economics but of average difficulty. You guys have to impress the panel by your attitude wherever you lack knowledge. Bcoms/BA Economics have good chance than engineers here. Remember, being young is an advantage as you are less prejudiced & less dented by job market, but then you should show potential too.
I guess, it would be great if a group dedicated for Phase 2 & 3 can be created. Let there be serious stuff in there, so that those quite serious can work in advance.
I have a query. Can somebody share any idea on how we can take the matter of OBC eating up General seats. This time out of 58, only 38 seats were alloted to UR candidates, which is tough on them. My only question, if somebody has written in his form that he/she is OBC, then it only means that they wants to take the benefit of it and it should be the only criteria. Why they have taken this stance in which if they get more marks than UR category, then they should be considered in UR. Is there a way to stop this thing?
I am right now working for sbi, i need to serve the notice period of 3 months, when will RBI inform about joining date and do we have enough time to serve this notice period, otherwise I have to pay the money.....any updates on this will be highly appreciated
Do anybody have following books in pdf please forward me at [email protected]
1. Principles Of Management by M. Govindarajan, S. Natarajan
2. Indian Economy by Datt & Sundharam
3. A Compendium Of Essays - Unique Quintessence
Hello friends,
I think its time to share my experience with you all.
Pre was all about accuracy in quant, experience in verbal & hard work in GA. First obstacle cleared.
Now I had no idea how to attempt Phase-II. I knew nothing of Economics, Finance was out of question, I was not a Management graduate. The only paper I could think of writing was English and that too, it had been almost 10 years since I wrote an essay.
I just downloaded previous 10 yrs papers from mrunal.org (which I found to be a very good platform for banking preparation) and selectively prepared the notes for the topics which had been repetitively asked by RBI. Other questions are more or less based on the same questions and you can generalize them and write them by adding one or two specific points. English I didn't prepare. Social & Economic issues - Mainly focused on social issues. We all want a better India so I could relate to these issues and was able to write well. Finance I have no knowledge of so prepared few topics which were repeated in previous years and mostly wrote Management, that too mostly essay or argument or discussion based questions, for which you don't have to study much.
Honestly I got lucky. There is whole lot of study material available on the internet but you have to decide that how much you can study and how much is enough. I believe its mostly writing skills as you may understand that SAME data can be used for poverty, malnutrition, condition of women, or women empowerment, population, declining sex ratio, etc. All such topics are related to each other. Its just that how you present it.
Then it was the interview. There is a hell of a story about how I appeared for the interview. But I guess that story can wait.
Anyways, I went in. Wished everyone and it started.
Sardarji went through my extra currics and asked me about the play that I acted in. I told him the story line, how it was different and how we improved upon it and made a short movie out of it, which was screened at India Habitat Centre.
Then next panelist asked What is the FDI in telecom? (100%) Which is 100% foreign operator operating in India? (Vodafone) It was in news because of some tax evasion, what is the case?
Then I was asked about 2G spectrum auction, Which agencies are involved. Told that there is MoC, TRAI & DoT.
Asked if there is any other? Told I don't know.
Asked if heard of Telecom Commission? What is it? Said Sorry, No idea. Sardarji intervened, said leave it.
Then came the South Indian Sir, Told me that he will ask questions on current affairs. I said OK. Asked me Who won the elections in Sri Lanka? Answered I don't know. Asked, ok who lost? Told him Im really sorry sir I have no idea about Sri Lanka elections. He said see, these people will know about Nepal, know about Pak, but nobody is interested in Sri Lanka. Everyone laughed and I had a sheepish grin. Said Yes Sir Sorry.
Was asked why was China interested in Sri Lanka?
Said that they want to capture south east asian market. They said no there is another reason. I said I guess it is from military point of view to establish its dominance in the indian ocean. Sardarji said that yes it does have its theory of string of pearls, but there is another strategic reason. I said I don't know sir. 😃
Then it was time for the fourth panelist.
He asked that recently BSNL has been criticized for not being able to restore the services in the flood affected J&K, Was it justified?
No I dont think so. I said that I agree it was a massive tragedy where lives were lost, but the officials of BSNL worked hard to restore services and yes BSNL is a govt. company but we cannot put the whole blame on it. The private operators also need to take the responsibility. He said that basically the area was water clogged for 15 days. And I said yes, and since all the communication depends upon underground cables so restoration of services was not easy. But private operators need to share the responsibility. He said that there are no private operators in J&K. I said postpaid connections are there. He said no. I said yes. He said ok yes yes, postpaid is there.
He then asked the question which I expected to be the first ques.
You have been working in BSNL for almost 5 years, Why quit now? And why RBI?
I said I am proud to be working with BSNL, I am proud to represent BSNL here and then was interrupted and asked ok why RBI?
Until now it had been so random that I didnt even feel like giving the answer that I had prepared. So I told them the truth. I took a deep breath and said that my wife had been preparing for banking jobs and I was helping with her quant and reasoning when I came across this exam. I read about it and decided to go for it and also because I have been working in remote and rural areas of HP and seen how we are yet so far from the inclusive growth and... Sardarji interrupted saying so you basically want to join RBI coz u think u can crack it.
I said YES, that is ONE of the reasons, while the other reason is coz I have been working in remote n rural.. blah blah. Sardar ji said so you are saying that this is one of the reasons?
I said YES. Then another joined and said that if that it the case then why dont you join a commercial bank, then you would be closer to the people and would be able to help them in a direct way. I said that RBI is the central bank which controls others and blah blah..
Sardar ji intervened, said so you think there is a problem in policy making or delivering? "A bit of both" was my immediate answer and his immediate question was "What bit?". I took a breath. I said that Sir, for instance there is a process of correspondent banking...He said "Policy?" I said we need to open more branches in the rural areas....He said "Policy?" I said Sir, RBI should ask banks,, private banks to open more branches in rural and increase the ATM network. (and I think Sardarji was about to say "Policy?" again when I uttered)... And Financial Literacy is the most important thing coz until and unless people are not taught about the banking facilities and benefits, there is no point in providing services.
They all looked at the final panelist, the lady, and asked if she wants to ask anything? She said NO and I was asked to leave. I said Thank you so much. Smiled. I guess I smiled throughout the interview.
This is it. I don't know yet whether I wrote Phase-II well or not. But I was pretty sure that I did not know answers to quite a few interview questions. Only final marks can throw some light on it
I guess I got lucky and I thank God for it.
please help...
my problem is that my answer writing skills are poor therefore i could not clear phase 2 ....i have knowledge in my mind but i don't know how to organise that knowledge into a good answer ? how should i improve my answer writing skills.....?
hi guys please create a group for 2015-16 strategy
NO GOOD MATERIAL For PHASE - I in the Market:
Guys, I have to admit that RBI/NABARD/SIDBI/SBI-PO exams have taken off to a new level. The DI question sets have 2 Dimension questions. Quant questions generally take 90-120 seconds to solve, LR sets also have 2 Dimensions consistently.
I don't think there is any material that quite matches this level. Either you will get lower quality questions - Quant questions that can be solved orally or in less than 30-40 seconds or DI questions that have only 1 dimension, or LR questions that have just 1 dimension; Or you will have CAT level questions with extreme difficulty (one needs to do just 20 Questions out of 30 in CAT to land 95%ile in whopping 70 min. which means less than 0.30 question/min. which is too low for RBI/NABARD.
I think books in the market like R S Aggarwal & Books of Quantitative aptitude are not in sync with the level of these exams anymore. In this situation what do you think should be the strategy. From where to find the right stuff?? Are there books that I am missing? Because, the theory goes that Examiner can't put the syllabus outside any book. So in theory there should be books exactly matching the level of these exams. Your INPUTs will be appreciated ??
can somebody guide me for phase-2 preparation for nabard. if have done 170 and expecting a call for phase-2. there are 2 papers , one of english and 2nd of economic and social issues. please provide me some help regarding its preparation. its urgent. thanks in advance.
Guys I hope everybody has looked up their final marksheets :)
Plz share hw much have u got in interview so that we can have an idea about the range of marks in interview.
I have got 30 in interview but I was not selected due to low marks in Phase-2(total of 165 out of 300).
I hv got 177+31=208, still nt selected. Wht d hell i m supp 2 do?
RBI failed me in FMG only 30/100....49 in ESI and 65 in Eng
Wat is wrong with rbi this time how can give such low marks in eng. Such a disheartening scenario. My marks 52, 64, 52 , 38=206. If it had been eco/ fin/ int to pull me down i wud have understood n accepted but eng, come on!
What is the lowest mark in interview this time i scored 23?
missed by 2 marks....any hope for waiting list???