Expected Bank Interview Questions for IBPS, SBI and Other Bank Interviews

Expected Bank Interview Questions

1. Why do you want joining banking sector?

Banking is one of the fastest growing sectors in India with more stable and high growth and more over providing wide range of career opportunities for graduates. So I want to take an opportunity to join in a bank.

2. What is the difference between Cheque and Demand Draft?

Cheque: Cheque is a negotiable instrument instructing a bank to pay a specific amount from a specific account held in the maker/depositor name with that Bank.

Demand Draft: A demand draft is an instrument used for effecting transfer of money. It is a negotiable instrument.

3. What is a Non-Banking Financial Company (NBFC)?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares /stocks /bonds /debentures /securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire- urchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).

4. NBFCs are doing functions similar to banks. What is difference between banks & NBFCs ?

NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below:

• NBFC cannot accept demand deposits;
• NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; 

Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to epositors of NBFCs, unlike in case of banks.

5 . What is Private Banking?

Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. The term "private" refers to the customer service being rendered on a more personal basis.

6. What is BSBDA?

Under the guidelines issued on August 10, 2012 by RBI: Any individual, including poor or those from weaker section of the society, can open zero balance account in any bank. BSBDA guidelines are applicable to "all scheduled commercial banks in India, including foreign banks having branches in India". All the accounts opened earlier as 'no-frills' account should be renamed as BSBDA. Banks are required to convert the existing 'no-frills' accounts’ into 'Basic Savings Bank Deposit Accounts'. The 'Basic Savings Bank Deposit Account' should be considered as a normal banking service available to all customers, through branches . The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial Inclusion objectives.

7. What is BPS (Basis Points)?

BPS (Basis point) : - BPS is an acronym for basic points is used to indicate changes in rate of interest and other financial instrument.

1 BASIC POINT IS EQUAL TO 0.01%

So when we say that repo rate has been increased by 25 bps, it means that the rate has been increased by 0.25%

8. What is KYC?

The Reserve Bank of India (RBI) has advised banks to follow ‘KYC guidelines’, wherein certain personal information of the account-opening prospect or the customer is obtained. The objective of doing so is to enable the Bank to have positive identification of its customers. This is also in the interest of customers to safeguard their hard earned money. The KYC guidelines of RBI mandate banks to collect three proofs from their customers.

They are:

• Photograph
• Proof of identity
• Proof of address

9. What is Sub-prime crisis?

The current Subprime crisis is due to sub-prime lending. These are the loans given to the people having low credit rating.

10. What is Base Rate?

It is the minimum rate of interest that a bank is allowed to charge from its customers. Unless mandated by the government, RBI rule stipulates that no bank can offer loans at a rate lower than BR to any of its customers.

It is effective from, July 1, 2010. However, all existing loans, including home loans and car loans, will continue to be at the current rate. Only the new loans taken on or after July 1 and old loans being renewed after this date will be linked to BR.

SBI Clerk 2014 Online Exam Hall Tickets/Call Letters Download

SBI Clerk 2014 Online Exam Hall Tickets/Call Letters Download

Important News for SBI Clerk aspirants. The State Bank of India has activated the Hall Tickets download link for upcoming SBI Clerk online Exam 2014. The Exams will starts from 19th July 2014 and will be held till 31st August 2014.

Download your Admit Cards  By logging in with your Registration Number and Date of Birth or Password

Click Here to Download Call Letters

Important Links:

• Previous Paper SBI Clerk 2012 Exam Quantitative Aptitude Question with Solutions
• Aptitude Questions Mock Exam for SBI Clerk 2014
• Reasoning Mock Exam for SBI Clerk 2014

SBI Recruitment of Assistants in Clerical Cadre 2014 5000 above vacancies

Recruitment Of Assistants in Clerical Cadre in State Bank of India- 5000 above Vacancies 

Recruitment Examination will be conducted online tentatively in July/August 2014 on various dates. Candidates are advised toregularly check Bank's website www.sbi.co.in or www.statebankofindia.com for details and updates. Applications are invited from eligible Indian Citizens for appointment as Assistants in clerical cadre in State Bank of India.Candidates can apply for vacancies in one state only and will have to appear for the test from an examination centre for that particular state.Candidates can appear for the test only once under this recruitment project.


EDUCATIONAL QUALIFICATION : (As on 31.08.2014)

A Degree (Graduation level) from a recognised university, or any equivalent qualification
recognised as such by the Central/State Government. Those who are in the final year of
Graduation/Semester may also apply provisionally subject to the condition that, if called for
interview, they will have to produce proof of having passed the Graduation Examination on
or before 31.08.2014.

Note:

(a) The date of passing the eligibility examination will be the date appearing on the
marksheet/provisional certificate or the date on which the result was posted on the website
of the university / institution. Candidate having integrated dual degree (IDD) certificate
should ensure that the date of passing the IDD is on or before 31.08.2014.

(b) Matriculate Ex-servicemen, who have obtained the Indian Army Special Certificate of Education or
corresponding certificate in the Navy or Air Force, after having completed not less than 15
years of service in Armed Forces of the Union are also eligible for the post. Such certificates
should be dated on or before 31.08.2014.

 (c) Should be able to write and speak English.

(d)Knowledge of local language will be an added qualification.

Age: (As on 01.05.2014)

i. Minimum Age : 20 years ; Maximum Age : 28 years (as on 01.05.2014). Candidates born
between 02.05.1986 and 01.05.1994 (both days inclusive) are only eligible to apply.

ii. The upper age limit be relaxed under govt orders

HOW TO APPLY

GUIDELINES FOR FILLING ONLINE APPLICATION:(Pre-requisite for applying online):

Candidates should have valid email ID which should be kept active till the declaration of results). This will help him/her in getting call letter/interview advices etc. by e-mail).Candidates are required to register themselves online through Bank’s website www.statebankofindia.com or www.sbi.co.in After registration candidates are required to pay fee through either online(using Debit/Credit card /Internet banking) or off line mode

OPTION-I: PAYMENT OF FEE (OFFLINE):

i) Candidates should first scan their photograph and signature as detailed under guidelines for scanning the photograph and signature.

ii) Candidates to visit Bank's website www.statebankofindia.com or www.sbi.co.in and open the appropriate Online Application Format available under recruitment link.

iii) Fill the application carefully. Once the application is filled complete (candidates are advised to take printout of the application before submission of application and check its correctness carefully. If any discrepancy observed, they may edit. After edition/correction they should submit the application), candidates should submit the data. No change/ edit will be allowed after submission of the application. In the event of
the candidates not able to fill the data in one go, they can save the data already entered. When the data is saved, registration number and password will be generated by the system and displayed on the screen. Candidates should note down the registration number and password. Email & SMS indicating the Registration number and Password will be sent. They can reopen the saved data using registration number and password and edit the particulars, if needed. EDIT facility will be available for three times only.
Candidates to take a printout of the system generated fee payment challan immediately.The registration at this stage is provisional. The system generated fee payment challan form will be required to be presented at any branch of SBI with the requisite fee. On payment of fee, registration of online application will be complete.

iv) Fee Payment: Fee payment will be accepted from 2nd working day after registration and can be made within three working days (subject to last date for fee payment) at any branch of State Bank of India. Candidates who have registered online on the day before last day or last day of registration and opted for offline fee payment will be required to remit fee on or before last day stipulated for offline fee payment, positively. System generated fee payment challan will be used for depositing fee. Once fee paid, the
registration process is completed.

v) Candidates will receive registration confirmation by SMS/e-mail after two working days from the date of payment of fees. Please ensure to furnish correct Mobile number / e-mail address to receive the registration confirmation.

Note: There is also a provision to reprint the submitted application containing fee details,
after three days of fee payment.

OPTION-II: PAYMENT OF FEES: [ONLINE PAYMENT]:

I. FOLLOW STEPS i) to iii) GIVEN UNDER OPTION-I ABOVE. However fee payment
challan will not be generated and fee payment will have to be made online through payment gateway available thereat.

II. After ensuring the correctness of the particulars of the application form candidates are required to pay fees through the payment gateway integrated with the application, following the instructions available on the screen. No change/edit will be allowed thereafter.

III. The payment can be made by using MASTER/VISA debit/ credit cards or Internet Banking by providing information as asked on the screen. Transaction charges for online payment will be borne by the candidates.

IV. On successful completion of the transaction, e-receipt and application form will be generated; you may take its printout for your record. If online transaction fails i.e online transaction is not completed successfully (even amount debited to your account), please register again and pay the fee online.

Note: There is also a provision to reprint the eReceipt and Application form containing fee details, at later stage. Once e-receipt/ application containing fee details is generated, registration is confirmed.

Imp note:- No application without proper payment of application fee/ intimation charges would be valid.

Candidates are advised to take a printout of their online application form 3-4 days after submitting the fee/intimation charges and have for their record. This application will be containing fee details, if the registration is completed.

(Registration helpdesk email ID: sbiclk14@ibpsorg.org)

ONLINE REGISTRATION OF APPLICATION : 26.05.2014 to 14.06.2014
PAYMENT OF FEES - ONLINE : 26.05.2014 to 14.06.2014
PAYMENT OF FEES - OFFLINE : 28.05.2014 to 17.06.2014

Click Here Full Details About Recruitment

SBI Associates Clerks Recruitment 2014

SBI released recruitment notification for clerks 2014 in one of its associate banks. The State Bank of Bikaner and Jaipur (SBBJ) one of the Associate banks of the State Bank of India released the notification of clerical recruitment. Outstanding Sport-persons (Volley Ball) can apply for these posts. 10th standard is minimum qualification. The candidate should have represented the state in national event, or in the district event (in state level) or his university in an inter university event with distinction or if he was a member of the combined universal team. No application fee is required to apply for this SBI Clerical recruitment. Last date is 31st May 2014. All the Best.......

Check detailed notification of SBI Associate Clerical Recruitment 2014 from here


Important Links:

• Previous Paper of SBI PO Exam 2013
• Practice Paper for SBI PO 2014
• Expected Questions for SBI PO Exam 2014

Expected questions for sbi po exam 2014

Expected Questions for SBI PO Exam 2014

• United Nations Declared November 10 as Malala Day.
• Malala yousafzai decorated with bravery award by World Peace and Prosperity Foundation.
• Australia creates World's largest marine reserve to protect ocean environment.
• BBC appoints Tony Hall as its new Director General.
  
• NASA's Moon gravity mapping satellites Ebb and Flow end their mission with a well-orchestrated crash on a moon crater.
• Conservative ruling party candidate Park Geun-hye elected South Korea's first woman president.
• Indian-american inventor at IBM, Rangaswamy Sreenivasan nominated by President Obama for the prestigious National Medal of Technology Innovation.
• China launches the 2298 km railway line between Beijing and Guangzhou, World's longest high-speed rail route.
• Indian origin politician Halima Yacob is set to become the first woman speaker of Singapore's parliament.
• Pandit Ravi shankar's daughters receive the Grammy for lifetime achievement awarded to the Sitar maestro.
• Australia win women's cricket World Cup for the 6th time.
• Argentinian Cardinal George Mario Bergoglio elected 286th Pope, the first pope from outside Europe in 1272 years, takes the name Pope Francis I.
• Fifth BRICS summit ends in Durban with decision to set up a development bank.
• Nicolas Maduro, late Hugo Chavez's protege, wins Venezula's presidential election.
• 87- Years old President Georgio Napolitano re-elected Italy's president.
•  Dr.Shirin Sharmin Chaudhary elected Bangladesh's first woman speaker.
• Malaysian Prime Minister Najib Razak begins a second term after his National Front coalition wins the election.
• American writer Lydia Davis wins Man Booker International Prize 2013.
• A lesbian love story Blue is the Warmest Colour wins the top prize at the Cannes Film Festival.
• Voyager space probe becomes the first human-made object to cross out of the Solar System and into interstellar space.
• Angela Merkel is German Chancellor for third term after landslide victory.
  
• Aiswarya Rai Bachchan conferred French award The Knight of the Order of Arts and Letter.
• M. Mahalakshmi and R. Vaishali win gold at the World Youth Chess Championship.
• Delhi High Court Launches e-court fee system making justice delivery system paperless.
• Gavaskar conferred Col C. K Nayudu life achievement award.
• Tenth ASEAN - Indian summit concluded at Peace Palace, Cambodia.
• Grammy announces posthumous Lifetime Award to Pandit Ravi Shankar, the first Indian to receive the award.
• Air-to-Air missile Astra successfully launched from Chandipur, Odisha.

sbi po Probationary officers notification 2014 apply online

SBI  PO Probationary Officers Notification 2014

SBI Recruitment PO 2014-15 notification is out to Apply for.State Bank of India (SBI) released official notification of SBI PO Recruitment 2014, inviting applications for the post of Probationary Officer (PO) State Bank of India (SBI) conduct PO exams. Due to more vacancies in bank for PO the exam is now not as tough as it was earlier. You Can Submit Applications in either Online or Offline Application formats from the Sbi Official website https://www.sbi.co.in/. The exam will be held in june 2014 .