Anyone from Assam? Having interview on 4th Feb, at unitedbankofindia stuff training centre??
I am a shortlisted candidate for the upcoming IBPS PO MT VI interviews. But, I have lost the copy of my application form. Is there anyone else with the same issue.
What to do now ???
Rohtak me nahi hai kya is baar interview?
What is the maximum time till which the interview can continue for the evening batch(1 pm)?
sector 17b, Chandigarh, pnb zonal office panel-2, 1pm Anyone here with same center??
when did ibps rrb po and clerk final allotment results will come????
before interview...will they ask me to choose the medium in which i can give answers? or i can prefer any medium as per my choice?? Can i give answers in english & hindi both ??
Expecting max 70 in mains. How much in minimum in interview to stand a decent chance of selection?
There is a slight error in my father's name printed in evry marksheet of my graduation like the last letter of my surname is not printed so wht should be done now? Kindly help me out 🙏
Could proficiency in multiple languages (4 in my case) be an additional advantage in interview?
Guys i had filled my final year marks as B.Tech last year marks because it is what is on my degree certificate instead of average of the 4 years. Kindly suggest what to do ? Serious help is appreciated, Thank you.
What is Cash Managment Bill (CMB) ?? How is it different from Treasury Bill ??
IBPS RRB Officer Scale-1 Interview experience
Hello guys! My name is likitha and I belong to andhrapradesh. Today I'll share my RRB Officer scale-1 2017 interview experience. Date-18/01/2017 My interview was at morning shift 8:30am in GUNTUR. Reached there at 8.00am. 1st document verification then Biometric. Immediately after I was done with verification, I was called for interview. It started at around 9.00am. There were 4 members in the panel. M1,M2,M3 and F1. I wished the female interviewer and then the male interviewers together.
M2:INTRODUCE URSELF
ME:answered
M2:AS iam from EEE he asked me how is it helpful in banking?
ME:answered
M2:HE asked me who said “desha bashalandu telugu lessa”
ME:not answered M2:What is a bank and its functions?
ME:answered
M2:he asked me about farm records
ME:not answered
M2:who is health and financial minister of andhrapradesh
ME:not answered
M2:about e-signature and biometric and payment due??
ME:answered about e-signature and biometric but not answered payment due. M2:loksabha speaker
ME:answered
M1:types of deposits
ME:answered
M1:about jallikattu in tamilnadu
ME:answered
M3:what will u do if u become PM
ME:answered
M3:about irrigation project in kadapa district and the new name of kadapa?? ME:answered
F1:about self help groups
ME:answered
They said. Okay! that's all. Thank you. :)
What is WMA (Ways and Means Advances) Scheme of RBI ??
Guys, I have been out of touch of studies and current affairs for the last one month, I have been selected for IBPS PO mains interview, and I want your views as to from where I should prepare for the upcoming interview, for both Banking Awareness and other Current affairs. Any help will be much appreciated. Thank you in advance
Rrb officer scale 1 .. 19.01.17.kolkata. 8:30 .. Document verification went smooth.. my turn came at no 6.. 4 male and one female. Me: gm mam ..gm sirs P1: please sit Me : thnk u sir. P1 : so mr subhajit chakraborty .. u r a brahmin. Me : yes sir. P1 : tell me about urself. Me : told name.. place.. btech in ee p1 interrupted P1: where is ur clg ? Why is this place famous ? Me: told P2: what are u doing now ? Me : sir i m 2016 passout and currently preparing for banking exams P2 : oo good... what is banking ? Me : told P2: do u know vijay mallya ? Why is he famous ? And where is he now ? Me: told P3 : what is npa ? How can it affect the bank and how it can be recovered ? Me : told P4 : what is cibil and crisil ? Me : told P5 : what is cts ? Advantages ? Me : told P5 : thnk u subhajit. Me: thank u sir thnk u mam. It lasted for 15 mins.. i answered all the questn ..there were lots of cross questions.. so have an overall knowledge .. they were smiling all the time and it was very comfortable for me.. i maintained the smiling face and a positive attitude..
i do not have print out of ibps po application.Please help what to do?
niacl mains result out
Dear IBPS PO Aspirants,
A lot of Banking aspirants who have recently gone through interviews were asked questions about Non-Performing Assests.
Hence, we are providing you this article on Non-Performing Assets, which can be helpful in your interview preparation.
If the status of NPAs in banks is not controlled, banks can go bankrupt. The entire credit distribution structure of the economy can be destructed and the country could be in a major financial turmoil.
About NPA - An asset (loan), including a leased asset, becomes non performing when it stops generating income for the bank.
Note: Once the borrower has failed to make interest or principle payments for 90 days the loan is considered to be a non-performing asset. It had been decided to adopt the '90 days' overdue' norm for identification of NPA, from the year ending March 31, 2004.
NPAs can be classified in three categories:
Sub_standard Assets: With effect from March 31, 2005, a substandard asset would be one, which has remained NPA for a period less than or equal to 12 months.
Doubtful Assets: With effect from March 31, 2005, an asset would be classified as doubtful if it has remained in the sub_standard category for a period of 12 months.
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. In other words, such an asset is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted although there may be some rescue or recovery value.
Reasons for Occurrence of NPAs
NPAs can be termed as "Bad Loans" or defaults. It is the failure to meet financial obligations, non-payment of a loan installment. These loans can occur due to the following reasons:
(i) Normal banking operations
(ii) Bad lending practices
(iii) Incremental component (due to internal bank management, like credit policy, terms of credit, etc...)
(iv) Competition banks are enormously selling unsecured loansThe Problems caused by NPAs: NPAs do not just reflect badly in a bank's account books, they adversely impact the national economy.
Following are some of the impacts of NPAs:
1. Depositors do not get rightful returns and many times may lose uninsured deposits. Banks may begin charging higher interest rates on some products to compensate Non-performing loan losses
2. Bank shareholders are adversely affected
3. Bad loans imply redirecting of funds from good projects to bad ones. Hence, the economy suffers due to loss of good projects and failure of bad investments
4. When bank do not get loan repayment or interest payments, liquidity problems may ensue.
Result of NPAs on an organization
1. Decrease profitability.
2. Reduce capital assets and lending limits.
3. Increase loan loss reserves.
How to reduce NPA? - Non Performing Assets can be reduced by taking some major steps by the banks. Some steps are as follows by which bank can reduce NPA -
1. SARFAESI ACT 2002The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) empowers Banks / Financial Institutions to recover their non-performing assets without the intervention of the Court.The Act provides three alternative methods for recovery of non-performing assets, namely:
i. Securitisation
ii. Asset Reconstruction
iii. Enforcement of Security without the intervention of the Court.
The provisions of this Act are applicable only for NPA loans with outstanding above Rs. 1.00 lac. NPA loan accounts where the amount is less than 20% of the principal and interest are not eligible to be dealt with under this Act.Non-performing assets should be backed by securities charged to the Bank by way of hypothecation or mortgage or assignment. Security Interest by way of Lien, pledge, hire purchase and lease not liable for attachment under sec.60 of CPC, are not covered under this Act
The Act empowers the Bank:
(i) To issue demand notice to the defaulting borrower and guarantor, calling upon them to discharge their dues in full within 60 days from the date of the notice.
(ii) To give notice to any person who has acquired any of the secured assets from the borrower to surrender the same to the Bank.
(iii) To ask any debtor of the borrower to pay any sum due or becoming due to the borrower.
(iv) Any Security Interest created over Agricultural Land cannot be proceeded with.If on receipt of demand notice, the borrower makes any representation or raises any objection, authorised officer shall consider such representation or objection carefully and if he comes to the conclusion that such representation or objection is not acceptable or tenable, he shall communicate the reasons for non acceptance WITHIN ONE WEEK of receipt of such representation or objection.A borrower / guarantor aggrieved by the action of the Bank can file an appeal with DRT and then with DRAT, but not with any civil court. The borrower /guarantor has to deposit 50% of the dues before an appeal with DRAT.
If the borrower fails to comply with the notice, the Bank may take recourse to one or more of the following measures:
(i) Take possession of the security
(ii) Sale or lease or assign the right over the security
(iii) Manage the same or appoint any person to manage the same
2. Lok Adalats: Lok Adalat is for the recovery of small loans. According to RBI guidelines issued in 2001, they cover NPA up to Rs. 5 lakhs, both suit filed and non-suit filed are covered.
3. Compromise Settlement: It is a scheme which provides a simple mechanism for recovery of NPA. It is applied to advances below Rs. 10 Crores.
4. Credit Information Bureau: A Credit Information Bureau help banks by maintaining a data of an individual defaulter and provides this information to all banks so that they may avoid lending to him/her.
5. DEBT RECOVERY TRIBUNALS: The debt recovery tribunal act was passed by Indian Parliament in 1993 with the objective of facilitating the banks and financial institutions for speedy recovery of dues in cases where the loan amount is Rs. 10 lakhs and above.
If you feel that any other topic should be covered in-depth which will help you in IBPS PO Interview, then do comment below.
All the Best !!!!
What is MCLR ?? How does it change the lending mechnism of banks??