Had Syndicate Bank interview and State Bank of Tranavancore interview last week.
Both of them were ok ,and there were four panel members in both interviews(3 M+1F).Both of the panel members asked me a lot about why I wanted to take up this field after having been in Software .
Syndicate Bank panel members did not ask me any banking term ,but were more general and asked me about current profession.
S.B.T. interview panel members asked questions in turns ,and one such qn.was the positives and negatives of globalisation.I was asked 2 banking terms and one general knowledge qn.by another member.
Thanks guys for that piece of info.
Want to ask you folks two things .For this SBI Associate Bank - P.O. interview,is it enough to produce the conduct certificate issued by School alone ,and is conduct certificate issued by current employer mandatory!,because I was told in my company that such a certficate is issued only when an employee quits a company.
Thanks for sharing your experiences shubhamhota,Diklu.All the best.
Want to ask you folks two things .For this SBI Associate Bank - P.O. interview,is it enough to produce the conduct certificate issued by School alone ,and is conduct certificate issued by your current employer mandatory!,because I was told in my company that such a certficate is issued only when an employee quits a company.
I have been called for SBI Associate banks interview.But the thing is that they have asked all the candidates to produce a copy of conduct certificate issued by school/college.Would it be enough if I produce the conduct certificate from School!!!
Deferred payment:A debt which has been incurred and will be paid back some time in the future.
Demand Deposit:An account balance which can be drawn upon demand ie.without prior notice.
Depreciation:It is the gradual decrease in the value of a equipment over a period of time due to wear ,tear and passage of time.
Derivative:A financial instrument whose value depends on the value of an underlying commodity ie Bond,commodity,equity etc.Its value is derived from another commodity.
Dishonor:To not pay,such as for as a bounced cheque.
Dissolution:The process of ending the legal exsistence of a company by some means .
Dividend:A taxable income announced by the company'd board of directors and given to its shareholders.It is given annually and from the companys retained earnings.
Drawee:The party directed to pay the amount of a cheque or draft.
Drawer:The party who draws the cheque etc.,upon another person for payment.
Debt instrument: A written promise to repay a debt.Eg.Bills,Bonds etc.
Debt market:A market where debt instruments are traded.
Debt /Equity ratio:It is a measure of the companys financial leverage.Debt/Equity ratio is equal to long term debt divided by shareholder's equity.
Debtor:An induvidual/company that owes debt to another induvidaul or company(creditor) as a result of borrowing or issuing bonds.
Deed of trust:A deed which title is conveyed to a trustee.
Deferred credit:Revenue recieved by a firm but not yet reported as income.
Custodian:An organization which holds in custody the assets of another person or organisation for safe keeping.
Current Account:A depost account at a Bank which does not pay any interest ,but can be withdrawn at any time.It is used for operating a business.
DA bills- Drawee acceptance bills -These are those bills which have an usance period ,and needs to be accepted by the drawee.
DP bills- Drawee payment bills-These are those bills which have to be paid up by the drawee against the delivery of goods.
Debenture- Debt mostly unsecured ,backed only by the good integrity of the borrower ,and documented by an agreement.Eg.Unsecured Bond.
Debit Card:A card which allows a person to access his own funds electronically.Unlike credit cards they do not have any float.
Debt:An amount owed to an organisation/person for money borrowed from them.
Debt Financing:Financing by selling bonds,bills or notes to induviduals or institutions.