Six Myths of Banking Interviews: To succeed in your interview, you should be able to remove the following misconceptions or myths about the bank interviews:
o Myth 1: Only Aggressive Candidates Are Selected: This is a false notion of many of the candidates that- to impress the interview board, one has to be aggressive. In the interview, your attitude, your confidence and sincerity with which you communicate matters only. Many Candidates commit the mistake of showing off their shallow knowledge or even negative frame of mind while being interviewed.
o Myth 2: Speak More To Win In An Interview: Speaking more does not mean more chances of success. Some candidates have a habit of stretching a topic, unnecessarily sometimes. While speaking shows your depth of understanding a question, speaking more than necessary will make you face cross questions.
o Myth 3: Project Yourself In Style To Impress The Interview Board The bottom-line is to BE YOURSELF. Don't make an effort to project what you are not. What the interviewer is looking into you, are the traits of an employee, who once selected will be an integral part of the banking organization.
o Myth 4: Interview Board Has A Formal Atmosphere: The reality is- in most cases the interview board has the casual atmosphere to provide the candidates. The board is interested in knowing your attitude and approach towards men and matters along with your outlook on life and your reaction to certain situations.
The board is keen on judging the real persona in you and brings the best out of you.
o Myth 5: In Bank Interviews All Questions Are Related To Finance & Banking: In Bank interviews not all questions are tricky and based upon finance and economics. While the board looks for a flair of finance, business and economy in the candidate, they can ask questions from every branch of activity including political, social , economical to cultural and scientific. If you are appearing for a Job Interview of a Clerical Post , they won't expect you to be a financial expert. Similarly, if you are appearing in a Bank PO Interview, they may ask you some basics of banking, yet you are not expected to know the answers of very difficult questions such as various articles of negotiable instruments act or RBI act etc.
o Myth 6: It's a good idea to prepare with pre-scripted questions: It's not at all a good idea to go to an interview with a pre-determined script of answers. However , you should know some basic definitions and terms related to banking like repo rate, reverse repo rates, difference between them , their application by RBI, latest rates and their impact on economy, open market operations, liquidity adjustment facility, base rate system, Basel-I , Basel-II, CRAR, Universal banking, narrow banking, retail banking, mobile banking, cross selling, micro-finance, financial inclusion, role of RBI, difference between a commercial bank and cooperative Bank. Apart from this an insight into economical topics like demand, supply, markets, competition, services industry, banking sector, bank marketing is also required. These questions cannot be prepared by a predetermined script.
Something which i read....thought of sharing.... 😃
Kindly suggest me some important steps to do?? thanx in advance puys......👼