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Bank Interview -- a detailed analysis/guidance

I am reproducing this blog which was initially posted by me in 2009 for the benefit of many candidates.

NUMBER ONE

Indian Overseas Bank - Clerks Interivew

Now is the time when call letters are received by people selected for interview. Pl go through the website of IOB to know about it. Read +2 level Economics, Commerce, books and update ur knowledge. Also go through newspapers for the last two months, competition magazines for three months.
Talk to people working in banks and know a little about banks and the present day economy--stock exchange, information technology. Be prepared for questions on hobbies, strengths, achievements.
I am posting an article containing useful ideas. Please read.
PERSONAL INTERVIEW 
Introduction
Knowing as much as possible about the company can make your interview more interactive and could be just what you need to get ahead in a competitive job market. Next, practice answering typical interview questions so you'll be prepared and comfortable during the actual interview. Plan on what you are going to wear ahead of time. Also, make sure you know where you're going and give yourself plenty of time so you can arrive ahead of schedule.
Gathering background information on Hotel Management course is a crucial element for successful interview preparation. Review Colleges sites, especially the “Hotel Management” section and do not hesitate to request details on the position you are interviewing.
Behavior based interviewing is becoming more common. It is based on the premise that a candidate’s past performance is the best predictor of future performance. Rather than the typical interview questions on your background and experience, you need to be prepared to provide detailed responses including specific examples of your work experiences.
The best way to prepare is to think of examples where you have successfully used the skills you have acquired. Take the time to compile a list of responses to both types of questions and to itemize your skills, values and interests as well as your strengths and weaknesses. Emphasize what you can do to College/programme rather than just what you are interested in. Also prepare a list of questions you want to ask the interviewer.
It is very important to be on time for the interview. On time means ten to fifteen minutes early. If need be, take some time to reach the office ahead of time so you know exactly where you are going. Know the interviewer's name and use it during the interview. If you are not sure of the name, call and ask prior to the interview. Remember to bring an extra copy of your resume.
During the interview try to remain as calm as possible. Ask for clarification if you are not sure what has been asked and remember that it is perfectly acceptable to take a moment or two to frame your responses so you can be sure too fully answer the question.
End the interview with a thank you to the interviewer and reiterate your interest in the position. Then follow-up with a personal Thank You note restating your interest.
Before the Interview• Learn about the Hotel Management programme/degree. You will impress the interviewer if it is obvious you have done some research. It will also help you develop good answers to the interviewer's questions.
• Prepare answers to typical interview questions. Study and practice your answers.
• Decide what you will wear. Read the section titled "Interview Dressing" towards the end of the note. Be sure your outfit is ready to go.
• Find out exactly where you are going, where to park, and how long it will take to get there. If you are traveling in an unfamiliar city, it is a wise idea to do a dry run prior to your interview time. Drive to the business, park, find the location and time how long all this takes. This will alleviate any undue stress on the day of the interview.
• Get a good night's sleep.
• Arrive 15 minutes early .This not only shows that you are prompt, it also gives you a chance to gain your composure. Be friendly to the receptionist/secretary. They often are asked their opinion.
During the Interview• Start it off like a winner. Offer your hand, and give a firm handshake, a pleasant smile and a positive confident attitude. Introduce yourself.
• Be comfortable. Take a seat facing the interviewer, however, slightly off center. Be sure you are not facing into direct sunlight or some other uncomfortable situation.
• Listen attentively. Look at the interviewer directly, but don't get into a stare down! Sit up straight. Try to relax. It is okay to take a few notes if the questions are lengthy, or you need to remind yourself of something you want to stress.
• Avoid nervous mannerisms. Pay attention to nervous mannerisms you might have such as clicking your pen, jingling change in your pocket, twisting your hair, biting your nails. Control these impulses! Everyone is nervous to some extent, the key is to appear calm and collected.
• Speak clearly. Use good grammar and a friendly tone. Never answer just "yes" or "no" to a question. Always clarify, expand on your answers. Be sure not to ramble on.
• Be positive and enthusiastic. You want to outshine all other candidates so "turn it on" during the interview! No matter how sterling your credentials are, you won't be hired if the interviewer isn't sold. Pump up your enthusiasm prior to the interview. Never whine, gripe or complain about past employers, jobs, college, etc.
• Ask pertinent questions. Be prepared to ask a few questions. Do not monopolize the interviewer's time, particularly if you know they have appointments scheduled following your interview. Do ask thoughtful questions. Don't ask about salary and benefits, this can be discussed when the company is definitely interested in you.
Here's a sampling of questions you may be asked:.
o Why do you want to join this degree/programme/company?
o What makes you think that this programme/company will be apt for you?
o Are there any of your relatives working in this line?
o Projects you have done which will make you feel good?
o How good are you in Interpersonal relations?
o How good are you in customer relations?
o What do you know about this industry?
o How do you see yourself after 10 years from now?.
o How will you manage an angry customer?
o What are your strengths and weaknesses?

• Watch for cues to ascertain if the interview is over. Do not linger if you sense the interviewer is done interviewing you. When it is over, stand up, thank the interviewer for their time and shake hands firmly. Don't forget to express interest in being selected.
How to Dress for interview
If you are in doubt about how to dress for an interview, it is best to err on the side of conservatism. It is much better to be overdressed than underdressed.
According to research studies, 55% of another person's perception of you is based on how you look. Here's a quick look at the basics:
Women
• Solid color, conservative salwar/pant suit
• Saree with coordinated blouse
• Moderate shoes/sandal
• Limited jewelry
• Neat, professional hairstyle
• Sparse make-up & perfume
• Manicured nails
• Portfolio or briefcase
Men• Solid color, conservative suit
• White/light-coloured long sleeved shirt
• Conservative tie
• Dark socks, professional shoes
• Very limited jewelry
• Neat, professional hairstyle
• Go easy on the aftershave
• Neatly trimmed nails
• Portfolio or briefcase
Do’s and Don’ts
Do’s
• Dress conservatively
• Check out what management wears and dress similarly without overkill
• Practice good grooming
• Do have clean, neatly styled hair
• Do have clean hands and trimmed nails
• Do carry a portfolio or briefcase with extra copies of your resume
• Do bring a clean notepad and pen that works
• Do wear shoes you can walk easily in
Don’ts• Don't wear torn, soiled, wrinkled clothing
• Don't dress casual
• Don't wear a lot of jewelry (Men should avoid earrings)
• Don't wear a lot of cologne
• Don't wear athletic shoes
• Don't eat spicy, offensive smelling foods prior to the interview
• Don't wear revealing clothes
• Don't wear "cutsey" ties (i.e. a flashing Mickey Mouse tie)
• Don't chew gum or smoke
• Don't wear heavy make-up
• Don't carry a purse and a briefcase.

NUMBER TWO


Indian Bank Interview questions

Hallo boys and girls !

I am happy to post the questions asked to two candidates in recent Indian Bank interview at chennai. One is B.Sc. Chemistry and M.Sc. IT student and another student is M.Com.
pl go through the questions and after attending interview pl send questions to ravisivan@yahoo.com or samba.ssivan@gmail.com

best wishes

1st candidate
Respected sir,
I did my interview well by god's grace and your great help. thanks a lot sir, i will never forget your timely help to me. the interviewers were very friendly and allowed me to patiently express my thoughts. i had a very nice discussion with them. There were three interviewers and they asked questions about
1. my family background
2. how is IT used in Banking
3.Will u leave the job if u get a good IT offer
4.Tell about your hometown
5.Why is IT Down at present and explain the situation in USA
6. job security or high salary which is important
7.what is your dad
8. tell about your final semester project
9.where your did ur ug and pg
2nd candidate
hello sir
the first question they asked me is about my college i.e 
1.why u did your B.Com in 
surat?
i said my father is in bank of 
baroda so he got transfer to surat that's why 

2.why you would like to join in bank? whether its your own interest or father's compulsion?
i said i would like to serve people in large scale & its my own interest.

3.what are the main functions of bank?
i said accepting the deposit & lending funds

4.if a customer has deposited his money in your bank & you have given him interest at a low rate.he comes to you & shouts.what will be your reaction?
i said in any organisation wherever we work we need patience.so first i will listen quietly to whatever he says & then if there is any mistake on my part i will say sorry to him & will
take further steps to solve his problem.if he does not agree to it i will consult with the manager.

5.one lady asked me whether u know tamil since u have been in north for 7 years
i said i know then she asked me to say on thirukkural.

6.then about 
3 to 4 question regarding my personal details.

7.they asked me whether you come from 
surat to chennai by train.
i said yes, then they asked me what are all the station u come across.
i said some 4 to 5 stations that's all i remember.

8.assume that u have been given posting in some place near 
salem or interior how u will manage?
i said i will be in hostel of take seperate house & stay

10.they asked me about crossed check.i dont remember that question properly.
i said to my father i will ask him & mail u sir



interview went on for 20minutes.

NUMBER THREE

Bank Interview - latest ideas

Hallo friends !

I am giving below a set of questions that were asked in a recent Bank Probationary Officer interview. A perusal of these would reveal that candidates should brush up their subject knowledge, be thorough with current affairs, factors relating to banking and also possess good communication skills.

I request readers to read not only this blog - but go through many other blogs on the same topic put up by me earlier. After perusal if you have any doubts please send email to ravisivan@yahoo.com. U will get reply early.

NOW QUESTIONS:
P.O. Interview:
Candidate No.1
Q.1 Diff. b/w Asset management & Wealth Management ?
Q.2 Double Entry System in A/c’s
Q.3 What do you mean by Leveraging of a Firm ?
Q.4 What are Quantum Reserves for India & China ?
Q.5 What is GDP & GDR ?
Q.6 Where do you see yourself 10 yrs from now ?
Q.7 Difference b/w banking & Finance ?
Q.8 What comes in your mind when I say “Barbie” ?
Q.9 I think you are overqualified for the job ?
Q.10 What will you do if an investment firm gives you a package of 6 lakhs after joining ?
Candidate No.2
Questions Asked were :
  1. Why do you want to join Bank.
  2. What are the general and business headline today in news paper.
  3. Do you know the CTC of IOB for PO?
  4. What is PERT and CPM?
  5. About Sub prime crisis.
  6. Define Equity/ share ?
  7. Why plants dies; give a scientific answar?
  8. Why do you want to leave your current job and want to join Bank?
Candidate No.3
There were three members in my panel.They asked me some questions on banking which I am explaining one by one.
1. What are cheques & bankers cheques and also give the difference between them ?
2. What are NBFCs and how they work ?
3. What is Free Market economy , Recession, Depression and course of action to take an economy out of recession.
Next set of questions are very basic in nature like :-
1. ” Your strengths which makes you fit to be a Bank PO ” .
2. ” Your favorite color and why you like it ” ?
3. ” Name a person whose thoughts fill you with utter disgust and you want to put 10 slaps to him ” .
Candidate No.4
- Why from IT to banking?
- What is the diff between broadband and spectrum?
- Previous po exams qualified and appeared?
- Father’s profession?
- Your take on sibal’s policy of abolishing class 10 board exams?
- Savings bank rate?
- External links on the home page of iob?
NUMBER FOUR

Probable questions in Indian Bank Clerks interview

Hallo !
Kindly go through many other blogs posted by me earlier. They also contain very useful points.
This candidate had done B.Sc. chemistry and M.Sc. IT. Suggested questions.
You can expect the following questions:
1) You studied chemistry in graduation but u have taken IT for PG. Why?
2) Why did u not study MSc chemistry
3) What is the difference in approach to be adopted in studying the two subjects.?
4) What do you know about Banks?
5) What are the main functions of Banks.
6) What are the ancillary functions of Banks
7) How do you think ur knowledge can be used in banks?
8) What is the role of clerks?
9) What are the recent changes that have come in banks?
10) In which bank do u have accounts and how do u rate their servie?
11) What do u know about Indian Bank and its achievements? (refer website)
12) What is the difference between indian commercial banks and foreign banks?
13) Please tell us about yourself?
14) How will you manage an angry customer at the counter?
15) What is ur native place and tell us a few points about it?
16) Which colleges did u study and tell the good points ?
17) Supposing u are selected in Indian Bank which branch will u choose to serve?
18) Are you married?
19) Tell us about ur family?
20) What are ur ambitions in life?
21) supposing u r not selected in this Bank what will u do?
22) Have u qualified for interview in any other bank/s?

FIVE
es sir i attented the interview
following qns were asked 1. which subjects u studied in ur graduation 2. why are you applying for clerk u should try for officer level jobs in banks. the objective of this qns was that they were checking whether u r satisfied with the clerk job. they laid a lot of empasis on me and other candidates on this qns 3. 1 qns about chhattisgarh 4. when is mobile portability sheme is going to launch 5. what is RTGS and NEFT 6. what is virus , name of latest virus. have u ever tried to know teh working of a virus 7. what is booting and its type
SIX
1 Why you want ot join the govt. sector OR this bank ??
I want to serve govt. sector because it gives me an opportunity to serve people on a large scale. It provides challenges and opportunities for growth in career, Dena Bank offers this.

2 How we can Improve the Banking Services, Incerase the customer ??
Sir, banking services can be improved by increasing the computerisation and making full use of internet, ATMs etc. For that we should take steps to educate people to use computers. Also security should be given top priority and customers should be educated about how to safeguard their accounts.


3 what are duty & resposibility of clerk ?
A bank clerk meets more customers than even Managers and officers. He is the ambassador of the Bank. Bank clerk has to feel important and render service in an exc ellent manner with smile. He should educate himself about Banking, Deposit rules and regualtions, about advances, about his seat and also computerisation. He should be willing to take up responsibilities. I am eager to learn more and improve myself.
4 Why you want to join Govt. sector not Pvt. sector ??more or less same as no.1 question.

NUMBER SEVEN

Bank Interviews - Tips Five

Please send list of questions asked to ravisivan@yahoo.com

INTERVIEW SKILLS –IMPORTANT POINTS

1. Knowledge relating to your subject is very important. Acquire it adequately. Read one newspaper regularly. Apart from this a totally positive attitude will enable one to get success.

2. Consider Interview as an opportunity to meet employer, exchange information and make a positive impression. Take all the necessary steps to make a favourable impression about yourself in the mind of the Interviewer.

3. In the case of job interviews you would have already sent your resume. Mention positive points about yourself that are not given in the resume.

4. When you attend an Interview proceed with hundred per cent ‘Hope of Success’. When an interview is taken up by you with ‘no hope’ or ‘less hope’, achieving success cannot be ensured.

5. Be clear about your goals and what you want to achieve while attending Interviews. Ambiguous goals or goals without definite direction will not yield fruitful results.

6. Employer/Interview will be evaluating your skills and personality. So try to high-light all your strengths and the achievements made at the school/college.

7. Try to gather information about the company from websites, literature, news reports and ensures you will fit in to the requirements of the company.

8. For ensuring success in interview hard work, grit and a never-say-die attitude is required. You must put in sufficient amount of hard work in the matter of preparation for the Interview by going through your subjects, news paper reports relating to your field. Learn about the company and its operation. You will impress the interviewer if it is obvious you have done some research. It will also help you develop good answers to the interviewer's questions.
· Information you should know about the company prior to your interview:
Organizational structure
o Divisions/departments that interest you
Areas they are eliminating
Products/Services
Training Programs
Size of company
Career paths
How long have they been in business
Types of clients
Growth in the past and future potential
Job description & job title
New products and services they are developing
Employee benefits
Geographic location of home office, branches, stores
· Resources for this information:
Company's annual report
Literature produced by company
Inside source
Professional journals (library)
Magazine/website articles
National Trade and Professional Associations


9. Employer will evaluate your ‘attitude’. You must possess ‘positive attitude’ and your answers, body language should exhibit your ‘helping nature’.

10. Your appearance matters a lot. So dress yourself smartly. Your shirt/pant should have been properly ‘pressed’. If possible wear a light colour ‘tie’. In the case of ladies wear light colour saree/cherisher/salwar kames.

11. Avoid using strong perfume/scent.

12. Comb your hair properly and you should be seen nicely dressed.

13. You should exhibit your confidence adequately. Your answers should reveal that you possess adequate confidence in handling matters/people.

14. Your confidence level is based on the depth of knowledge you possess in your field. Be thorough with the fundamental aspects in your field.

15. You must know about yourself fully and be able to express properly.

16. Be aware of your strengths such as ‘leadership skills, good time management skills, accepting challenges, being a good team member, having good inter personal skills etc.

17. Your ability to do the job will be tested by posing questions pertaining to your field of operation. So be clear in your answers.

18. Inform your long-standing interests and new hobbies.

19. Inform talents and abilities you can bring to the job.

20. Highlight your positive experiences and achievements without being seen as ‘proud’.

21. Ensure you reach the Interview venue 10 minutes ahead of scheduled time.

22. Carry with you additional copies of resume and references, passport size photos.

23. Regarding the dress you intend wearing, decide on the previous day night itself. Check up whether they are in order – buttons intact, zip intact etc.

24. Ladies should avoid wearing flashy jewellery, strong scents.

25. It is natural to be nervous. However ensure you sleep well on the previous night.

26. Eat a healthy break fast. Don’t eat too much.

27. Allow plenty of travel time to reach the destination taking into account possible traffic jams, processions etc.

28. Be yourself. Don’t be artificial. Show your best self. Remember ‘First Impression is the Best Impression’.


29. Knock the door and seek permission for entering the room.

30. Wish the Interviewers Good Morning/Good Afternoon with a friendly smile.

31. Walk gently and not in a snobby way. Wait for the permission of Chairman to take your Chair.

32. Move the chair gently without making noise.

33. Sit comfortably and your posture should exhibit your confidence and ‘OK’ feeling.

34. Give a firm hand shake—not a rough one or an unimpressive/uninterested one.

35. Present the highs and not the lows.

36. Show enthusiasm and not doubt.

37. Display confidence and not hesitation.

38. Show your personal characteristics which will be of help to the job applied. For example people applying for the post of nurses must possess kindness, courtesy, caring attitude for others. Persons applying for ‘police’ must be physically strong, courageous and curt and right and exhibit. Persons applying for ‘managerial positions’ should possess leadership qualities and possess high risk taking and maintain good inter personal skills.

39. Inform the skills you learned in College and in other organisations.

40. Narrate/relate positive and successful experiences you have had at School/College/Workplace.

41. Have proper eye-contact with the Interviewers.

42. Your introduction should be brief and smart.

43. Establish proper rapport through courtesy. Your answers should exhibit your courteousness and kindness.

44. Listen attentively. Look at the interviewer directly, but don't get into a stare down! Sit up straight. Try to relax. It is okay to take a few notes if the questions are lengthy, or you need to remind yourself of something you want to stress.

45. Avoid nervous mannerisms. Pay attention to nervous mannerisms you might have such as clicking your pen, jingling change in your pocket, twisting your hair, biting your nails. Control these impulses!

46. Speak clearly. Use good grammar and a friendly tone. Never answer just "yes" or "no" to a question. Always clarify, expand on your answers. Be sure not to ramble on.
47. Be positive and enthusiastic. You want to outshine all other candidates so "turn it on" during the interview! No matter how sterling your credentials are, you won't be hired if the interviewer isn't sold. Pump up your enthusiasm prior to the interview. Never whine, gripe or complain about past employers, jobs, college, etc.
48. Ask pertinent questions. Be prepared to ask a few questions. Do not monopolize the interviewer's time, particularly if you know they have appointments scheduled following your interview. Do ask thoughtful questions. Don't ask about salary and benefits, this can be discussed when the company is definitely interested in you.
49. Here's a sampling of questions you might ask.
What are the company's greatest strengths?
In what areas is the company trying to improve?
Who will I report to?
Could you give some examples of projects I would be working on?
How much travel is involved?
Will relocation be required?
What kind of assignments could I expect in the first 6 months?
What products (or services or stores) are in the development stage?
Describe the advancement opportunities.
What growth areas do you foresee?
Will I be encouraged to attend professional conferences?
Could you describe your training program?
Could you describe possible advancements within the company?
What is the next step in the interview process?
What would a typical day be like?
Is this job a result of increased growth or expansion?
50. Watch for cues to ascertain if the interview is over. Do not linger if you sense the interviewer is done interviewing you. When it is over, stand up, thank the interviewer for their time and shake hands firmly. Don't forget to express interest in being hired. Say you are impressed with the company and would like to work there.
51. After the Interview
· Say thanks. Reiterate your interest in the job.
· Follow up. If you haven't heard from the interviewer within the time frame indicated at the close of the interview, call them to relay a polite reminder that you are still interested in the job. Ask as to when they plan to make a hiring decision. Be hopeful of getting a success in the Interview.
· In case you are not able to get success in one interview, be sure that you are bound to get a renewed success in the next one.

BEST OF LUCK IN ALL YOUR EFFORTS
NUMBER EIGHT

Bank Interviews - Tips four

ECONOMICS -- TERMS Hyperinflation: Exceptionally high inflation rates. While there are no hard and fast guidelines, an annual inflation rate of 20% or more is likely to create hyperinflation. Money Laundering: The attempt to conceal or disguise the ownership or source of the proceeds of criminal activity and to integrate them into the legitimate financial systems in such a way that they cannot be distinguished from assets acquired by legitimate means. Typically this involves the conversion of cash-based proceeds into account-based forms of money. A Pigouvian tax: It is a tax levied on an agent causing an environmental externality (environmental damage) as an incentive to avert or mitigate such damage. Portfolio investment: It is the category of international investment that covers investment in equity and debt securities, excluding any such instruments that are classified as direct investment or reserve assets. Poverty Reduction And Growth Facility: An IMF facility known until November 1999 as the enhanced Structural Adjustment Facility (ESAF). The PRGF is available to those countries that are facing protracted balance of payments problems and are eligible to borrow on concessional terms under the International Development Association Purchasing Power Parities (PPPs): The rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In their simplest form, PPPs are simply price relatives which show the ration of the prices fin national currencies of the same good or service in different countries. Inflation Gap: An inflationary gap, also termed an expansionary gap associated with a business cycle expansion, especially the latter stages of an expansion. This is one of two alternative output gaps that can occur when short-run production differs from full employment. The other is a recessionary gap. Quantitative Restrictions: Specific limits on the quantity or value of goods that can be import4ed (or exported) during a specific time period. Insider Trading: The buying and selling of corporate stock or other financial instruments based on knowledge that is not widely available to the general public. Insider trading is most often undertaken by corporate executives or directors using information that they have acquired by working “inside” the company. Insider trading is illegal because it gives an unfair advantage to those on the inside. Refinancing: It refers to the extension of a new loan to enable the repayment of all or part of the amounts outstanding on earlier borrowing, possible including amounts not yet due. Re-exports; Are foreign goods exported in the same state as previously imported, from the free circulation area, premises for inward processing of industrial free zones, directly to the rest of the world and from premises for customs warehousing or commercial free zones, to the rest of the world. Reverse investment: Refers to the acquisition by a direct investment enterprises of a financial claim on its direct investor. Because direct investment is recorded on a directional basis, capital invested by the direct investor as an offset to capital invested in the direct investment enterprises by a direct investor and its related enterprises, except in instances when the equity participations are at least 10 percent in both directions. Revolving credit: Refers to credit with a clause for automatic renewal under certain conditions. Risk-weighted assets: Refer to a concept developed by the BCBS for the capital adequacy ratio. Assets are weighed by factors representing their riskness and potential for default. A real-time gross settlement system (RTGS): It is a settlement system in which processing and settlement take place on an order-by-order basis (without netting ) in real time (continuously). Rules of origin: Laws, regulations and administrative procedures which determine a product’s country of origin. A decision by a customs authority on origin can determine whether a shipment falls within a quota limitations, qualifies for a tariff preference or is affected by an anti-dumping duty. These rules can vary from country to country. A forward exchange rate: It is the exchange rate in contract for receipt of and payment for foreign currency at a specified date usually for 30 days, 90 days or 180 days in the future, at a stipulated current or ‘spot’ price. Abnormal Returns: Used in the context of stock returns; abnormal returns means the return to a portfolio in excess of the return to a market portfolio. Abnormal returns can be negative. Philips Curve: The Philips curve is a relation between inflation and unemployment follows from William Philips’ 1958 work on the relation between unemployment and the rate of change of money wage rates in the United Kingdom.



Bank Interview -- a detailed analysis/guidance Reviewed by sambasivan srinivasan on 5:19:00 PM Rating: 5

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