In RBI Assistant Prelims this model was asked....Kindly help to solve this....
A sum of amount becomes Rs.100 at Simple interest P% and becomes Rs.116 at S.I (P+20)%. At (P+60)% of S.I how much we will get ? (Consider Time Period : 1 year)
Hi Puys,
My SBI JA training starts on Jan 9. But I am having NIACL mains exam on Jan 10. Will SBI extend my joining date if i tell them about this exam ?
And also I am having RRB PO interview and IBPS PO interview. My worry is even if i get extension in joining because of NIACL mains, it may hinder my IBPS and RRB PO interview if my extended training date falls on the interview dates. What i have to do If I don't want to leave my chances. Please suggest some solution guys. TIA.
A few things are meant to be kept in mind by all the shortlisted candidates looking forward for this Interview Process are -
- Reach On Time
- Candidate Must reach well before time. Make sure to reach 2 hours before commencement of Interviews as mentioned in the admit card as there are a few formalities to be completed before you may appear before the interview panel.
- Bring all Original Documents
- Make sure to bring all the Original documents for verification purpose. Please note that you will not be allowed to appear in the Interview if Original documents of 10th - Graduation are not bought along.
- In case you don't have the Original degree of graduation - Then bring marksheets of all the semesters/ years and you will have to sign an Undertaking for submitting the degree at the time of Joining any of the allotted banks if you succeed in the selection process. But all other original documents should be kept with you.
- Be prepared to wait 2 - 3 Hours.
The InterviewInterview will begin and you shall face 3 - 4 senior bankers that might be from IBPS or any of the participating banks. Relax and take your seat with a smile on your face.Keep in mind that they know that you are capable of holding this job as you have already cleared the written test. Now all the matter comes down to just one thing - Do you really want to work in a Bank ??. All the Interview will revolve around this one question and you have to make them feel that yes you really want to be a bank clerk and are not motivated by any other external factor (Even if you are :) )
A few banking related questions that are most widely asked are -
- What are NPA (Non-Performing Assets), how can u use technical knowledge in correcting the balance sheet?
- How Can NPA be reduced ?
- What are FDI (Foreign direct investment) and FII (Foreign institutional investors) and what is the difference in these.
- For unemployed people, which plans are addopted by government ?
- RBI Governors, Deputy Governors and Current Chiefs of all Indian Important Financial Agencies.
- Headquarters of Indian Government Banks.
- Financial Inclusion and government steps for it - Jan Dhan Yojana Etc.
- What steps the Recent PM Narendra Modi Government for better ment of Indian Economy.
- How to Fight Inflation and Current Indian Scenario about Inflation.
- RBI Key Monetary Policy Rates and their Current Value.
- Difference between Bill of Exchanges and Certificate of Deposit, Cheques, Demand Drafts and other Money Market Instruments.
- Electronic Clearing of Cheques.
- Types of Bank accounts and Interest rates offered under each.
- What was the Headline in Today's Newspaper?(Main Page and Financial Page Both).
- What are functions of Banks and How does banking effect the economy of the country?
- Difference between Fiscal and Monetary Policy ?
- Number of Districts in Your and Nearby States ? Governor, Chief Minsiter and Other Ministers of Your State (Like Education, Tourism Ministers )?
- Latest Noble Prize Winners, Padam Awards Winners, Miss India, Miss World Miss Universe Etc.
- How is Future growth of commercial banks in India and any hurdles to it ?
- Banks VS NBFCs (Non Banking Finance Companies) ?
- Questions About current five year plan and Newly formed NITI Aayog.
- Direct and Indirect Taxes In India.
- Important People of India - Chief of Planning Commission and Election Commission Etc. CM and Governors of All States.
- RBI's Role in Economy.
- Important Banking Terms -
- GAAR (General Anti - Avoidance Rule) and GST (Goods and Service Tax)
- CAR (Capital Adequacy Ratio)
- Balance Sheet and NPA ?
- BASEL Norms (Basel 1,2,3)
- Banking Regulation Act, Money Laundering, Financial Inclusion
- SARFAESI ACT (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act)
- Roles of RBI, NABARD, SEBI, IRDA.
- Bank Account Types and Rate of Interests on Them
- CTS (Cheque Truncation System )
- What is INFLATION ? It is good or Bad ?and how can it be controlled ?
- What is FDI ?Is it Good or Bad ? Limit of FDI in various Sectors in India ?How is it Different From FII ?
- What is Stock Exchange ? How many are there in India ? Number of Shares on NSE and BSE ?
Remember that although you know these terms and current affairs related to banking and common issues, yet these questions do not play a big role in determining your selection or rejection. Even if you do not know an answer, genuinely say "NO Idea Sir!" rather than wasting time and trying to fool them with random answers, It's just not worth it!
An asset is classified as Non Performing Assets (NPA), if due in the form of principal and interest are not paid by the borrower for a period of 90 days. If any credit facility granted becomes non-performing, then the bank will have to treat all the credit facilities granted to that borrower as non-performing without having any regard to the fact that there may still exists certain credit facilities having performing status. As per the guidelines, banks are required to classify non-performing assets into three categories based on the period for which the asset has remained nonperforming and the realisability of the dues:
i) Sub-standard Assets: A substandard asset would be one, which has remained NPA for a period less than or equal to 12 months. It indicates credit weakness and scope for loss if deficiencies are not corrected. These assets attract provisioning in the range of 15% to 25% of outstanding liabilities depending on realisability of securities available to the bank.
ii) Doubtful Assets: An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months. These assets carry higher provisioning compared to substandard assets which ranges from 25% to 100% depending on the security available and age of the asset remained under doubtful category.
iii) Loss Assets: A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection but the amount has not been written off wholly. It is considered as uncollectible and warranted to continue as bankable asset since there is little scope for salvage or recovery value. It attracts 100% provisioning. The reforms focused on modification in the policy framework, improvement in financial health through introduction of various prudential norms and creation of a competitive environment. The reforms carried out so far have made the balance sheets of banks look healthier and helped them to move towards achieving global benchmarks in terms of prudential norms and best practices.
NPA - Impact on Balance Sheet The problem of NPAs in the Indian banking system is one of the foremost and the most formidable problems that had impact the entire banking system. Higher NPA ratio trembles the confidence of investors, depositors, lenders etc. It also causes poor recycling of funds, which in turn will have deleterious effect on the deployment of credit. The non-recovery of loans effects not only further availability of credit but also financial soundness of the banks.
Profitability: NPAs put detrimental impact on the profitability as banks stop to earn income on one hand and attract higher provisioning compared to standard assets on the other hand. On an average, banks are providing around 25% to 30% additional provision on incremental NPAs which has direct bearing on the profitability of the banks.
Asset (Credit) contraction: The increased NPAs put pressure on recycling of funds and reduces the ability of banks for lending more and thus results in lesser interest income. It contracts the money stock which may lead to economic slowdown.
Liability Management: In the light of high NPAs, Banks tend to lower the interest rates on deposits on one hand and likely to levy higher interest rates on advances to sustain NIM. This may become hurdle in smooth financial intermediation process and hampers banks’ business as well as economic growth.
Capital Adequacy: As per Basel norms, banks are required to maintain adequate capital on risk-weighted assets on an ongoing basis. Every increase in NPA level adds to risk weighted assets which warrant the banks to shore up their capital base further. Capital has a price tag ranging from 12% to 18% since it is a scarce resource.
Shareholders’ confidence: Normally, shareholders are interested to enhance value of their investments through higher dividends and market capitalization which is possible only when the bank posts significant profits through improved business. The increased NPA level is likely to have adverse impact on the bank business as well as profitability thereby the shareholders do not receive a market return on their capital and sometimes it may erode their value of investments. As per extant guidelines, banks whose Net NPA level is 5% & above are required to take prior permission from RBI to declare dividend and also stipulate cap on dividend payout.
Public confidence: Credibility of banking system is also affected greatly due to higher level NPAs because it shakes the confidence of general public in the soundness of the banking system. The increased NPAs may pose liquidity issues which is likely to lead run on bank by depositors. Thus, the increased incidence of NPAs not only affects the performance of the banks but also affect the economy as a whole. In a nutshell, the high incidence of NPA has cascading impact on all important financial ratios of the banks viz., Net Interest Margin, Return on Assets, Profitability, Dividend Payout, Provision coverage ratio, Credit contraction etc., which may likely to erode the value of all stakeholders including Shareholders, Depositors, Borrowers, Employees and public at large.
Way forward Today, the banking industry has been reeling under increased incidence of NPAs while the expectations of the stakeholders are on the rise, which is a cause of serious concern. There is an imminent need to address this issue focusing attention on demand and supply side. Prevention is better than cure. Proper evaluation of credit proposals definitely helps the banks in detecting the unviable projects at the first instance. Full information about unit, industry, its financial stake, management etc., should be collected. Lending being a focused segment, there is an urgent need to develop specialized skills in the area of appraisal, monitoring and recovery to ensure the quality of credit portfolio. The decentralized model that is being vogue in many banks need to shift towards adoption of centralized model for sanction and recovery of Retail / Corporate loans. Separate cell should be established at the bank level, which would have complete information about the industry and its prospects in future. Managing credit risk plays an important role and its effectiveness lies in an efficient recovery and exit strategy. Banks should be equipped with latest credit risk management techniques to protect the bank funds and minimize insolvency risks. Banks should explore the possibilities to develop credit derivatives markets to avoid these risks. Timely follow up is the key to keep the quality of assets intact and enables the banks to recover the interest/installments in time. To have better control on the assets created out of borrowings, banks need to watch the functioning of the units by paying frequent visits and this is to be done to all the units irrespective whether the account is performing or non-performing one. Selection of right borrowers, viable economic activity, adequate finance and timely disbursement, end use of funds and timely recovery of loans should be the focus areas for preventing or minimizing the incidence of fresh NPAs. The key challenge going forward for Indian banks is to expand credit portfolio and effectively manage NPAs while maintaining profitability. Asset quality continues to be the core function and also biggest challenge for the banks in the present dynamic environment. Though, management of asset quality is a balance sheet issue of individual banks, it has wider macro economic implications. In order to overcome the associated risks including externalities, there is an imminent need for the banks to have well structured and effective credit monitoring system in place coupled with appropriate business models.
Expecting some short and crisp answer, from those who really want to address the query....Though its a redundant question but again i am asking....I tried to search from many places but wasn't able to find an exact figure.....
what's the in hand salary of an IBPS PO....including all perks and allowances.....The average amount which will be credited every month in total including petrol,paper etc.....??? Replies will be appreciated>>>
Interview coaching time span is of
- 15 days
- 2 months
- 5 days
- 10 days
- 1 months
0 voters
Guys, please share BOM PGDBF all categories cut off. And also tell source of your information because I am not able to find anywhere on internet. I scored 110.50 but not shortlisted for interview. Pls do reply. Thanks in advance
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