Getting scared for interviews. The questions that are haunting me most are "why banking after engineering?" and "why 2 years gap after engineering?" Help!!
how many of you have
filled syndicate bank?/
hey puys,
I am having a question that which govt. job is better from all points of view viz -salary, increments,working environment,posting, growth opportunities, allowances and other benefits?
BANK JOB or INSURANCE SECTOR JOB
As like me, almost people in this group have cleared IBPS PO and preparing hard for upcoming insurance AO exams also like UIIC AO and NIA AO.
So I thought we should think on all aspects of both jobs and choose accordingly if fortunately cleared both sectors exams. 😃
1. What is the problem bank was facing after the Nationalization of bank 1934.
2. What is the Purpose of banking regulation ACt 1934
3. what is the benefit of NArshima committee (1 1991, 2 1998) (As like 1998 computerize etc).
4. How many new bank got the License and what is the condition to full fill it.
5. as 1 condition of Opening Bank that minimum 25 % bank must be in rural area and bandhan bank have 40 % branch in rural area then what need of Giving License to Bandhan(Apart from this other condition(1000 cr asset, 15 month trial period, 10 year of successful work)
6. After Getting Bank License Bank will come into which Norm and what is the benefit of The Norm(Banking regulation Act 1949)
7. BMB who is MD and CEO , which s/w is using , what is benefit the provide for women.
8. What the norm give to control Inflation, which play main role, How CPI different from WPI(As Service Sector is not include in WPI and Service Sector is Giving 60% in GDP).
9. How Microfinance is different from PSB(As previously BANDHAN was microfinance bank now he got Banking License Under Banking Regulation Act 1949)
10. What is BASE rate.
FEMALE CANDIDATES
Transfer of female employees in Public Sector Banks- minimizing their hardship.
F.No.4/9/1/2014-IR Dated the August 8, 2014
Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, IIIrd Floor,
Parliament Street, New Delhi
To
Chairman, SBI/CMDs of all Public Sector Banks including IDBI
and SBI Associates
Subject: Transfer of female employees in Public Sector Banks- minimizing their hardship.
Sir,
It has been brought to the notice of this Department that female employees of Public Sector Banks (PSBs), married or unmarried, when placed/transferred away from their husbands or parents, as the case may be, to distant locations face a genuine hardship and develop a feeling of insecurity. Keeping this in view, it has been decided:
To accommodate as far as possible placement/transfer of married female employee, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa; and
To accommodate as far as possible placement/transfer of unmarried female employee, on her request, at a place where her parents, are stationed or as near as possible to that place.
2. PSBs are, therefore, advised to frame a policy on the subject with the approval of their Board suitably incorporating the above and take immediate action for implementation and compliance. Pending requests may also be considered under these guidelines. A line of confirmation may be sent to this Department immediately after adoption of the policy by the Board of the Bank.
3. This issues with the approval of Secretary (Financial Services).
Yours faithfully,
Sd/-
(Manish Kumar)
Under Secretary to the Government of India
Banks should not levy penal charges for non-maintenance of minimum Balance: RBI
The Reserve Bank of India (RBI) in its first bi-monthly monetary policy statement for 2014-15 directed banks not to impose financial penalty on the consumers in case of non-maintenance of minimum balance in their saving accounts.
RBI suggested that instead of financial penalty, banks can limit services available to those saving accounts who fail to maintain minimum balance. RBI further advised that these services can be restored whenever the balance in such accounts improves to the minimum balance level.
At present there is no unanimity among the banks while charging the customers for non-maintenance of minimum balance. For instance, State Bank of India does not levy any charge for non maintenance of the minimum balance in the savings account. Whereas, AXIS, ICICI and HDFC Bank charge 750 rupees per quarter in case of non maintenance of minimum 100000 rupees in urban centres and 5000 rupees in semi urban centres.
Besides this, RBI also directed banks to limit the liability of customers in electronic banking transactions in cases where banks fail to prove customer negligence.
RBI also instructed banks to allow borrowers to prepay floating rate term loans without any penalty.
The above steps by the RBI are aimed towards protecting consumers. Such steps are necessary to ensure financial inclusion as consumer protection is an integral part of financial inclusion.
World Bank to double lending to India, China, Brazil, Mexico and Indonesia
Jim Yong Kim, the President of World Bank on 1 March 2014 announced that the bank would nearly double its lending capacity to boost support for middle countries like India, Brazil, China, Mexico and Indonesia. The announcement was made at the Council on Foreign Relations in Washington because the bank thinks that these countries would provide an insight to poorer countries in solving their problems like poverty.
In the announcement, Jim Yong Kim said that these five countries will benefit by being able to borrow another 2.5 billion dollars a year over and above their current limits. He also said that this increase in lending capacity will boost annual lending to middle income countries from the current 15 billion dollars a year to 26-28 billion dollars.
The Council on Foreign Relations in Washington was held to outline internal reforms, new cost savings and possible hydroelectric dam project on the Congo River that could increase Africa's electricity supply by about 50 percent.
About World Bank Group and its work
The World Bank is a financial and technical assistance institution for developing counties around the world. It has set two goals to achieve by 2030 and they are
. End extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3 percent
. Promote shared prosperity by fostering the income growth of the bottom 40% for every country
It has five institutions that are managed by their member countries and as a whole it forms the World Bank Group. The five institutions are
. IBRD: The International Bank for Reconstruction and Development (IBRD) that lends to governments of middle-income and creditworthy low-income countries.
. IDA: The International Development Association (IDA) that provides interest-free loans-called credits- and grants to governments of the poorest countries.
. IFC: The International Finance Corporation (IFC), is the largest global development institution focused exclusively on the private sector.
. MIGA: The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders.
. ICSID: The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.
The World Bank was established in 1944 and at present have more than 120 offices worldwide.
. World Bank is headquartered in Washington DC
. Jim Yong Kim became the 12th president of the World Bank Group on 1 July 2012
EPFO announced to provide Universal Account Number 2014
Employees' Provident Fund Organisation (EPFO) on 24 March 2014 announced to provide Universal Account Number (UAN) to its five crore subscribers from 1 October 2014.
Permanent or Universal Account Number (UAN) will facilitate subscribers to avoid filing Provident Fund (PF) account transfer claims on changing jobs. After getting UAN, a subscriber would not be issued new PF account number on joining new employer.
The UAN would be one account number which would be allotted to a subscriber for various schemes run by the Employees' Provident Fund Organisation (EPFO) for their entire service period with different employers.
C-DAC will prepare a roadmap for implementing the UAN programme.
The Centre for Development of Advanced Computing (C-DAC) is the premier research and development organisation under the Union Ministry of Communications & Information Technology for carrying out R&D in IT, Electronics and associated areas.
Significance of UAN
It will facilitate subscribers to avoid filing provident fund (PF) account transfer claims on changing jobs.
It is expected to provide great relief to the workers in organised sector who frequently change jobs, specially the construction sector.
The UAN will help reduce the workload of the EPFO. During 2012-13, EPFO received over 12 lakh claims for transfer of PF account on changing of jobs by its subscribers.
About EPFO
The Employees' Provident Fund came into existence with the promulgation of the Employees' Provident Funds Ordinance on the 15th November 1951. It was replaced by the Employees' Provident Funds Act, 1952.
It is now referred as the Employees' Provident Funds & Miscellaneous Provisions Act, 1952. The Employees' Provident Funds Bill aims to provide for the institution of provident funds for employees in factories and other establishments.
Gilt-edged market means - market of government securities
Devaluation of a currency means - reduction in the value of a currency vis-a-vis major internationally traded currencies.
In the second nationalization of commercial banks, ___ banks were nationalized. - 6
Gross domestic capital formation is defined as - net addition to stock after depreciation.
On July 12, 1982, the ARDC was merged into - NABARD.
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to - increase it.
The currency convertibility concept in its original form originated in - Bretton Woods Agreement
In the state of India, the State Financial Corporation have given assistance mainly to develop-
medium and small-scale industries.
The central co-operative banks are in direct touch with - state co-operative banks
States earn maximum revenue through - commercial taxes.
Debenture holders of a company are its - creditors.
Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty and is collected in terms of Section 3 of the Central Excise Act, 1944.
Deficit financing means that the government borrows money from the - RBI
If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be - equal to government income
Devaluation of currency will be more beneficial if - prices of exports remain constant.
The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called - Statutory Liquid Ratio (SLR)
National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year - 1999.
Fiscal deficit in the Union Budget means - the sum of budgetary deficit and net increase in internal and external borrowings.
How many banks were nationalized in 1969 - 14.
In India, inflation measured by the - Wholesale Price Index number (Two major measures for inflation, which are widely used, are Wholesale Price Index (WPI) and Consumer Price Index (CPI). WPI measures the increase in the prices of a fixed basket of goods prevailing in the wholesale market while CPI measures the increase in the prices of essential commodities purchased by an average consumer prevailing in the retail market. Measured weekly, WPI is the primary inflation measure in India).
Resurgent India Bonds were issued in US dollar, Pound Sterling and - Deutsche Mark.
The apex body for formulating plans and coordinating research work in agriculture and allied fields is - Indian Council of Agricultural Research.
If the RBI adopts an expansionist open market operations policy, this means that it will - offer commercial banks more credit in the open market.
Redistribution polices geared to reduce economic inequalities include - progressive tax policies, land reforms, rural development policies.
Short-term finance is usually for a period ranging up to - 12 months.
The budget deficit means - difference between all receipts and all the expenditure.
Paper currency first started in India in - 1861.
The ARDC is now a branch of the - NABARD.
Devaluation of currency leads to - increase in domestic prices.
Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to - NABARD.
Deficit financing implies - public expenditure in excess of public revenue.
https://www.youtube.com/watch?v=qlI72QDNoeI enjoy this awesome song till interview dates are out 😁 @panzy @ibansi @aoroamail @suryanshsisodia @ak_s
What will be the advantage of having a separate MD and chairman in public sector bank?? just proper governance or anything else?
Does dicgc insure all the money and safe keepingwith the bank? If not how much does it insure?
application printout... When will they reactivate?
Can I in anyways get the online score card (or the call letter) after today, which is closing today (12-12-2014)?
I'll need to show the online selection letter after few days (which is available till today only) to my senior in office for NoC and leave purpose?
for a change..
Yesterday I went to my School to collect my Passing Certificate of Class XII. It was only in SBI PO verification, I got to know I was missing a certificate and thereafter I was waiting for the SBI results, so that I enter school with a head held high, like a Veteran cavalier. But when did life turn out the way we expected. It takes time to get out of a Coma like state, then thereafter a lot of introspection, I decided to go and collect it as I wanted to leave no stone unturned for IBPS PO 4 as it is MGNREGA for people like me.
The administrative office was just besides the staff room, so I had to be careful. I just wanted to take my certificate and sneak out.
I was explaining my cause to the lady Attendant, someone
from behind - " Arre Avinash,mujhe laga tum aya hai".
Without turning back, I could make out who she was. Sumati Madam- She was our Economics teacher
from Kerala, her broken Hindi is cute, and she had a huge misconception that I
was a good student; anyways She helped me to win that well sought Bronze certificate.
Turning back, and while taking her blessings I was thinking-(
Mujhe bhi laga aap hi ho.)
Me: how are you Mam?
She: Good, Good. Shadi kiya? (with a huge smile, I doubt my own
mother will ever be that much excited about my marriage)
Me: Kahan Madam, I am still quite young.
She: (haan haan,
abhi to tumhare dudh k daant bhi nahi tute) Oh Good Good, Kidhar job kar reha
abhi.
I know sooner or later the question was coming. But I am
already trained in these two years to answer this question diplomatically but I
really wish to answer those people bluntly and speak my heart out, who have
been asking me those irritating questions for two years.
" Arre kab aaye"- Kahan gaya tha ki puch rahe ho kab aye.
"Kitne din ki chutti me aye ho"- Pura chutti hi chutti hai.
"kahan ho aj Kal"- Ghar pe.
"tumhara course pura nahi hua abhi tak"- Arre kaun sa course, kaisa course
Time lagta hai yaar... Bu..Bu..Buffering me, I mean government Job me. I wish i could speak out like Mr Rishi some day.
(https://www.youtube.com/watch?v=u1whG-9BjsQ)
Anyways ,
Me: Mam SBI PO me.......
She: Arrey Very nice, SBI PO very
good (madam baat to puri karne do)
Me: No madam , SBI PO ke final list me nahi hua, but ye ye hai april me kahin na kahin ho jaega (I was embarrassed but I was really unsure whether I was consoling her or myself)
She: Arrey koi nahi, tu acha karega ( yahi expectations to jaan le leti hain)
I did wind up the formalities quickly and left the campus
immediately.
Moral: Please arrange your certificates, even if you
have to pay the heavy price like I did.
And Let's get started.
Yeh po 4 main obc certificate ka kya chakar hai mera obc certificate 31/08/14 ka hai Lenin notification main likha hua hai 11/08/14 she ek saal prior hona chaiye Any body plz help me out
Puys, in my PO4 application form, I mentioned Hindi in the "languages known" section as read, write and speak. But I don't have any formal document showing that I know Hindi. I had local language in 10th standard, not Hindi. Will it be a problem?
Koi hai kya plz help me out
NicHe likha hai to post ha Obc certificate me bare main mera obc certificate 31/08/14 ka hai
I have received many messages regarding:-
What are your strengths and weakness?
Make sure that you know a lot about yourself so that you can easily answer this question. This should also mean elaborating on your strength and say why you think it is your strength and most importantly turning your own weakness into your strengths so that it will benefit the organization. Answers like my strength is to be motivated and impatience is my weakness will send negative vibes to the employer. Instead saying my strength is to be motivated in any field which brings me curiosity to perform a set of given work where I stay committed until its complete. In case of your weakness you can say that being impatient is my weakness but the good thing is I make sure that I get my work done because I am impatient will give the employer a chance to take you.
Courtesy :- "Crack an interview"