MOCK INTERVIEW

FOR BANK
by :
DR. T.K. JAIN
AFTERSCHOOL
centre for social entrepreners!ip
si"a#a$ "eterinary !ospital roa%
bi#aner &&'(() ra*ast!an+ in%ia
FOR , -.-SE -ARTICI-ANTS
PGPSE is an absolutely free ro!ra""e # any erson intereste$ in be%o"in! an
entrereneur & so%ial entrereneur "ay enroll into t'is ro!ra""e
sen$ your %ase stu$ies( arti%les to be ublis'e$ in t'is series
)ou are free to $istribute %oies of t'is %ase stu$y for a%a$e"i% & non*rofit & so%ial
$e+elo"ent ,or- ,it'out rior er"ission.
$obile : /)0/')''&(12&
pl. Sen% it at aftersc!ool3in.co$
t'is is a "o%- inter+ie, !i+en by a erson( rea$in! t'is
inter+ie,( you %an i$entify t'e tyes of /uestions as-e$
for a %an$i$ate rearin! for ban-in!. )ou %an %o"are
yourself ,it' t'ese ans,ers 0
1. Intro$u%e yourself
ANS0 I a" S.N. Goyal( I a" a resi$ent of Bi-aner. I $i$
"y ost !ra$uation in Botany.
1. W'y $i$ you ot for ban- after %o"letin! ost
!ra$uation in botany2
ANS0 Ban-in! is a noble rofession.
1. 3o you belie+e in s'ort%ut2
Ans 0 No
1. 4o, ,ill you use your -no,le$!e of s%ien%e in your
ban-in! se%tor2
Ans 0 I a" fro" botany. I t'in- I %an use "y -no,le$!e in
a!ri%ulture an$ finan%in! se%tor
1. W'at are your resonsibilities as a ban-er2
Ans 0 I s'all try "y best to sol+e t'e roble"s of
%usto"ers
As a ban-er I s'all try to 'el t'e %usto"ers
/. ,'at $o you -no, about ban-in! 2
A 0 I 'a+e an a%%ount in a ban- t'erefore I -no, about
ban-
1. ,'at a%%ount $o you 'a+e2
A. I 'a+e sa+in!s a%%ount # in SBI. I use ATM also.
1. ,'at $o you !et as interest 2
A. I really $ont -no, about t'e rate of interest no,
1. Are you a ban-er 2
No # but I ,ant to be%o"e a ban-er( so I ,ant to 5oin
your or!anisation.
1. W'y $o you ,ant to 5oin as a ban-er2
Ans.0 It is a +ery $e%ent an$ satisfyin! 5ob. Ban-s are
%onsi$ere$ to be +ery rese%te$ an$ ,ell "ana!e$
or!anisations( so I ,ant to be a art of ban-in! in$ustry.
10 * W'at is t'e %ontribution of ban-in! to t'e e%ono"y2
Ans 0 It !i+es finan%e to t'e in$ustries( a!ri%ulture( an$ to
t'e ri+ate se%tor( ,'i%' results in o+erall e%ono"i%
$e+elo"ent. It also ro+i$es suort to t'e riority
se%tor( ,'i%' is as er t'e e%ono"i% oli%ies of t'e
%outry.
10 W'at is basel 2
Ans 0 Basel %o""ittee is international %o""ittee t'at
'as set u stan$ar$s about %aital a$e/ua%y for ban-s.
Most In$ian ban-s "eet t'e Basel II stan$ar$s of %aital
a$e/ua%y an$ ot'er i"ortant stan$a$s.
10 4o, $o RBI "onitor ban-s2
Ans 0 E+ery ban- reares Fri$ay state"ent an$ sen$s it
to RBI( t'is state"ent !i+es $etails of $eosits( loans et%.
T'us RBI 'as ,ee-ly u$ate of -ey e%ono"i% in$i%ators
an$ on t'e oerations of t'e ban-s in In$ia. RBI
a%%or$in!ly ta-es $e%isions an$ !i+e suitable $ire%tions &
%ir%ulars to t'e ban-s so t'at ban-s %an ro"ote nations
interest an$ ,or- in safe li"its.
10 W'y $o you t'in- t'at t'e ban-in! syste" in In$ia is
fairly stron!2
Ans 0 In In$ia( ,e are +ery %onser+ati+e in our ban-in!
also. So ban-s !enerally $ont len$ beyon$ 678 of t'e
ri%e of t'e roerty. Ban-s are also +ery %autious in
t'eir aroa%'. CRR an$ S9R li"its also for%e ban-s to
ar- lots of fun$s in li/ui$ assets t'us t'ey re"ain safe.
T'ey are able to "eet any finan%ial %risis $ue to t'eir
li/ui$ity referen%e.
1 0 W'at are !ilt e$!e$ se%urities 2
Ans 0 Go+t. Se%urities are %alle$ !ilt e$!e :!ol$ e$!e;
se%urities. T'e !o+t. Se%urities in%lu$e <= $ay > ( =6?(
@AB $ay treasury bills an$ ot'er !o+ern"ent bon$s.
1 0 W'at are treasury bills 2
Ans 0 Treasury Bills are "oney "ar-et instru"ents to
finan%e t'e s'ort ter" re/uire"ents of t'e Go+ern"ent
of In$ia. T'ese are $is%ounte$ se%urities an$ t'us are
issue$ at a $is%ount to fa%e +alue. T'e return to t'e
in+estor is t'e $ifferen%e bet,een t'e "aturity +alue an$
issue ri%e.
T'us if t'e fa%e ri%e of T bill is =77( it ,ill be issue$ in
say <6. At t'e ti"e of "aturity( t'e in+estor ,ill !et =77.
10 W'at is t'e $ifferen%e bet,een ,orl$ ban- an$
ban-erCs ban-2
Ans 0 BIS :ban- of international settle"ent ; is t'e
ban-erCs ban-. It %losely ,or-s ,it' %entral ban-s of t'e
+arious %ountries. Worl$ ban- is t'e ban- for
re%onstru%tion an$ $e+elo"ent of t'e ,orl$. Worl$ ban-
:IBR3 D International ban- for re%onstru%tion an$
$e+elo"ent; !i+es finan%ial assistan%e & loan for
$e+elo"ental urose. It is %losely ,or-in! ,it' EN(
IMF an$ ot'er su%' a!en%ies.
10 4o, ,ill you 'el our or!anisation2
Ans 0 I ,ill ro+e to be an asset for your ban- by
follo,in! your !ui$elines an$ s'all a%/uire ne%essary
s-ills for $e+eloin! "yself as a ban-er.
1 0 W'at $o you -no, about our ban- 2
Ans 0 It is a +ery !oo$ ban- # it is t'e ban- for %o""on
eole. I li-e t'is ban-( as it is t'e ban- of "y 'iloso'y
an$ I belie+e t'at I ,ill fin$ "y %areer in t'is ban- only.
10 W'y $o eole trust ban- 2
Ans 0 Ban-s are ,ell "ana!e$ %ororate bo$ies an$ t'ey
,or- as er t'e o+erall e%oo"i% oli%ies of t'e %ountry.
T'ere is a !oo$ syste" of suer+ision on ban-s( t'us
eole 'a+e reasons to belie+e in stability an$
trust,ort'iness of ban-s.

1 0 W'at $o you un$erstan$ fro" ban-in! 2
Ans 0 Ta-in! $eosits fro" eole an$ usin! t'at "oney
for o+erall national $e+elo"ent t'rou!' finan%in! for
in$ustries( a!ri%ulture( 'ousin! an$ ot'er se%tors.
1 0 W'at is uni+ersal ban-in! 2
Ans 0 Ban-s offer +ariety of ser+i%es not 5ust $eosit an$
loans. T'ey ro+i$e in+est"ent ser+i%es also.
1 0 4o, $o ban-s of "o$ern ti"e $iffer fro" ban-s of
earlier ti"es2
Ans 0 Co"uterisation 'as %'an!e$ t'e ban-s of to$ay.
T'ese are aer less offi%es. To$ay ban-s offer a +ariety
of ser+i%es # an$ t'ey are +ery %usto"er oriente$ also.
1 0 W'at is %usto"er orientation in ban-in! 2
Ans 0 Ban-s to$ay try to satisfy %usto"ers. T'ey try to
ro+i$e ser+i%es in t'e interest of t'e %usto"er an$ try to
$esi!n ser+i%es as er t'e re/uire"ents of %usto"ers.
1 0 W'at $o you -no, about %o""er%ial ban-in! 2
Ans 0 Ban-in! for %o""er%ial or!anisations is
%o""er%ial ban-in!. It in%lu$es retail ban-in! also. 4ere
ban-s fo%us on in$ustrial an$ business or!anisations an$
earn rofit by -eein! so"e "ar!in bet,een t'e interest
rate on $eosits an$ interest rate on loans.
1 0 W'at $o you -no, about rural ban-in! 2
Ans 0 Ban-s oen offi%es in rural areas to "obilise
sa+in!s of +illa!ers an$ !i+e finan%e to t'e +illa!ers( t'is
is %alle$ rural ban-in!.
1 0 W'at is "i%rofinan%e 2
Ans 0 Mi%rofinan%e is to "obilise sa+in!s in +ery s"all
a"ount :let us say Rs. =7; an$ !i+e s"all loans :let us
say Rs. @777; t'rou!' S4Gs :self 'el !rous; # t'us
t'is is for +ery oor eole. It is to enable eole li+in!
belo, o+erty line to raise t'eir stan$ar$. T'us
"i%rofinan%e is an alternate %'annel. Many ban-s are
also ro"otin! "i%rofinan%e. Gra"in Ban-( BRAC(
SEWA( BasiF et%. 4a+e "a$e si!nifi%ant %ontribution in
t'is se%tor.
1 0 W'at $o you -no, about riority se%tor len$in! 2
Ans 0 T'e !o+ern"ent 'as i$entifie$ so"e se%tors( ,'i%'
nee$ "ore attention fro" ban-s in finan%in! an$ in
%re$its. T'us t'ese se%tors are riority se%tor. T'ey are
t'e se%tors ,'i%' our oli%y "a-ers 'a+e i$entifie$ as
i"ortant for our $e+elo"ent. EFa"les are 0
a!ri%ulture( %otta!e in$ustry( eole fro" ba%-,ar$
%lasses et%.
1 0 W'at $o you -no, about t'e role of RBI2
Ans 0 It is t'e %enral ban- of In$ia. It re!ulates an$
%ontrols oerations of all t'e ban-s. It is t'e ban-er of
ban- an$ is also ban-er of Go+ern"ent. RBI suer+ises
ban-in! in In$ia.
1 0 W'at $o you -no, about Ban- rate( Monetary oli%y (
CRR > S9R 2
Ans 0 T'e rate at ,'i%' RBI !i+es loans to ot'er ban-s is
%alle$ Ban- rate.
Monetary oli%y is announ%e$ t,i%e a year # @7 O%tober
an$ = Aril :aroFi"ately; . Monetary oli%y !i+es
$etails of M=("?("@( ban- rate an$ o+erall e%ono"i%
s%enario.
Monetary oli%y !i+es !ui$elines about t'e $ire%tion of
ban-in!.
CRR D %as' reser+e ratio * ban-s 'a+e to -ee about
A8 of t'eir $eosits ,it' RBI as %as'( t'is is %alle$ CRR.
S9R is statutory li/ui$ity ratio. Ban-s 'a+e to -ee about
?G8 of t'eir $eosits in se%ifie$ se%urities :li-e treasury
bills et%.;
1 0 4o, ,ill your ba%-!roun$ 'el you in ban-in! 2
Ans 0 My ba%-!roun$ of Botany ,ill 'el "e in
araisals of ro5e%ts( "y s%ientifi% aroa%' an$
un$erstan$in! of s%ien%e ,ill 'el "e in assessin! t'e
business "o$els of in$ustries. My ba%-!roun$ of s%ien%e
'as built a stron! foun$ation for 'ar$,or-( $is%iline an$
%o""it"ent in "e( ,'i%' ,ill 'el "e t'rou!'out "y life.
1 0 W'at $i$ you $o in last ? years 2
Ans 0 I $i$ "y ost!ra$uation in s%ien%e. I ,ante$ to
$e+elo a s%ientifi% te"er. I ,ante$ to ,or- as s%ientist.
4o,e+er( later I realise$ t'at ban-in! is t'e best %areer
for "e.
1 0 3ont you t'in- t'at you 'a+e ,aste$ t'ousan$s of
ruees of t'e nation in s%ien%e e$u%ation2
Ans 0 S%ien%e e$u%ation buil$s s%ientifi% te"er( ,'i%'
'els us in$re%tly. Our So%iety is 'a+in! "any ort'o$oF
ra%ti%es > suerstitions( an$ s%ien%e e$u%ation 'as
'ele$ "e in buil$in! re/uire$ te"er"ent. In "y 5ob
also I ,ill be benefitte$. It also 'els in assess"ent of
te%'ni%al business roosals ( as "ost of t'e te%'nolo!y
is base$ on s%ien%e.
1 0 W4AT IS CBS :%ore ban-in! solutions; 2
Ans 0 W'en all i"ortant ban-in! solutions are a+ailable
on one %ounter( it is %alle$ CBS.
1 0 W'at is subri"e %risis2
Ans 0 W'en ban-s in t'e ESA !a+e sub*stan$ar$ loans
:,it'out roer se%urity; # "ostly 'ousin! loans # ,'i%'
resulte$ in finan%ial %risis. T'e fall in real estate ri%es
resulte$ in lar!e nu"ber of $efaults in ban-s( ,'i%'
ulti"ately le$ to failure of "any ban-s.
1 0 W'at $i$ you learn fro" your arents2
Ans 0 My fat'er is a s%'ool tea%'er. I 'a+e learnt fro"
'i" t'e basi% +alues of 'onesty( sin%erity( $e$i%ation an$
%o""it"ent. My "ot'er is a 'ouse,ife. S'e is an i$eal
la$y 'a+in! /ualities of affe%tion( lo+e( an$ sa%rifi%e. I
'a+e learnt t'e %o""it"ent of ser+i%e fro" 'er. I belie+e
t'at I a" fortunate to be t'eir %'il$ an$ t'eir i$eals ,ill
al,ays insire "e.
1 0 W'at ,ill be your role in our ban- 2
Ans 0 I s'all try to satisfy %usto"ers( an$ try to "obilise
$eosits for t'e ban- an$ try to in%rease its business an$
s'all $o all t'ose a%ti+ities ,'i%' are assi!ne$ to "e as a
ban-er. I s'all try to ensure 'i!'est le+el of rofessional
et'i%s in "y %on$u%t an$ s'all a%t as er t'e i"a!e an$
!oo$,ill of t'e ban-.
1 0 W'at are M=(M?(M@(MB
Ans 0 Money suly is +ery i"ortant to un$erstan$.
T'ese are reresente$ by M=( M? an$ M@ :in ES; ,it'
M= bein! t'e narro,est "easure an$ M@ bein! t'e
broa$est. In t'e EK t'ere are only ?0 M7 an$ MB. Narro,
"oney refers to for"s of "oney t'at are a+ailable
i""e$iately for use in transa%tions( broa$ "oney "eans
t'ose t'at are not i""e$iately a+ailable. M = D notes in
%ir%ulation H tra+eller %'e/ue H $e"an$ $eosit
M? D M= H SAVINGS 3EPOSITS H TERM 3EPOSITS
MB D BROA3EST MEASERE :In%lu$es all tyes of
"oney( $eosits ,it' ban-s an$ ost offi%es et%. ;
1 0 ,'at ,as t'e reason of re%ent euro'ia in t'e "ar-et
2
Ans 0 T'e year ?77< ,itnesse$ "assi+e re%ession
,orl$,i$e. No, it is a re%o+ery 'ase. 3ue to
eFe%tations of re%o+ery( t'ere is euro'ia. Peole
eFe%t t'at t'e "ar-et ,ill re%o+er soon an$ t'ere are
eFe%tations t'at In$ia ,ill a!ain be%o"e suer
o,er'ouse.
1 0 W4AT IS BRIC2
T'ere are B !ro,in! e%ono"ies 0 braIil( Russia( In$ia(
%'ina
1 0 W'at are your stren!t's 2
Ans 0 I a" a learner an$ I try to learn ,'eree+er I !et a
%'an%e.