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IBPS PO V

Interview Capsule
Hello Dear AC Aspirants,
The IBPS PO Interviews are set to start from January. This interview is
meant to observe the attitude, confidence level and communication skills of the
candidate. The strategy that the candidate follows to answer the questions lets
the panel members decide the suitability of the candidate for the bank.
Here we are presenting to you all Interview Capsule for IBPS PO Interview.
This capsule includes all what you need to face an Interview. Go through this
capsule thoroughly as it will be really helpful for interview. We covered
everything from personal questions to each and every banking concept.
“The future belongs to those who believe in the beauty of their dreams.
Always insist on yourself never imitate.”
All the best for IBPS PO V Interview
with regards from AC team

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Interview Capsule – IBPS PO V
Table of Contents
How to face Bank Interview .................................................................................................................... 3
Banking Notes .............................................................................................................................................. 7
Current Banking & Finance News(March-Nov 2015)..................................................................................... 30
Questions Asked in Previous Interviews ......................................................................................................... 38
Interview Experiences ...................................................................................................................................... 41

3 Rules For Overcoming Interview Jitters
1. Strike A Power Pose For Two Minutes
Rather than hunching up and making yourself small in the waiting room chair as you
scramble to soak up last minute notes or practice one final interview question, what you
should actually find a private place to do what we call a power pose.
2. Repeat A Positive Affirmation
Repeating a positive affirmation can reduce production of cortisol and stress hormones by
almost 50%, slow the mind, lower your blood pressure and heart rate and make you feel
confident and powerful.
3. Read Over Nice Things People Have Said About You
Thinking back to a time when you were successful and confident is a great way to recreate
that confidence right before an interview. A quick and easy way to do this is to print out and
compile anything nice that someone has said about you.

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Interview Capsule – IBPS PO V

How to face Bank Interview
In a Bank PO interview, the aim of the interviewers is to assess your personality, your
attitude and your ability to handle the pressure. Before you go for an interview you need to
prepare yourself well. This is because in the process of an interview every aspect of yours will
be analyzed. Whatever you have to say about yourself will be evaluated minutely.
Please remember that interviewers are well known about your knowledge on the basis of
your written marks, they only want to know your behavior, attitude and approach.
So be cool and present yourself in a positive and polite manner. Be confident about what you
saying.

Things to be kept in your mind:
1. About banks Date of Establishment, HO Place, Date of Nationalisation(if

nationalized), Name of bank before nationalization (if any), Paid-up Capital and
worth of the bank, Number of branches in India and abroad etc. Basically you
have to know history, services, products, achievement, management (name of
CMD) etc of banks
2. International and national information on banking industry.
3. Brief information of Banking Regulation Act, RBI Act , Negotiable Instrument Act,

Basic Banking Knowledge: Banking, Banking Business, Debit and Credit,Types of
Banks, Banking Terms, Banking Reforms in India, Computerisation in India, Types
of Accounts, Customer, Currencies, Foreign Exchange, Types of loan accounts,
Banking Technology and its implementation, Banking Innovative Products, Third
Party Products etc.
4. Keep updated. Most of the questions that the panel members ask are from the

current affairs especially from the banking sector.
5. Do not rush while speaking. Speak in a calm and composed manner so that you

may not utter something inappropriate which you may regret later. Also
remember to speak in a polite and respectful manner.
6. Do not rush while speaking. Speak in a calm and composed manner so that you

may not utter something inappropriate which you may regret later. Also
remember to speak in a polite and respectful manner.
7. Be prepared for situation based questions related to personal life and resolving

critical issues. Brush up your communication skills
8. Dress up: For interview clean and sober dress wearing expected. Both men and

women should wear clean and wrinkle free sober suits. Women should not wear
any floral dresses. It should be simple and sober.

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Interview Capsule – IBPS PO V
Personal Questions:
Tell us something about yourself
Good morning to sir/mam and all the panel members.
My name is XYZ. I was born and brought up in ABC. I did my schooling from ___. I have
completed my graduation in ____from ____. I like to be disciplined in all walks of life. I like
speaking in a polite manner which at times make a good impression on others. I am always
ready to listen to others and easy to get along with them. I coordinated the events in my
college fest so you can also think me of as a good leader. My role model is _________ who is
______ (you can also add achievements here). My strength is I can easily adopt things in life
and my weakness is sometimes I end up a little bit of overdoing to complete my work and i
hate procrastination.
Why do you want to join Banking Sector?
Answer: I am always fascinated towards the banking industry specially the role a banker
plays as they reach to the public directly. Moreover banking is one of the most reputed and
fastest growing sector in India which gives immense career growth opportunity to an
individual, respect in society and job security. Being a banker I can fulfill my own dreams as
well as I can give the best in me to the bank by providing appropriate services to the
customers.
What is a Bank?
Attention: Don’t mug up from books or sites try to answer it in your style.
e.g. Banking is one of the most essential part in one’s life as it deals with cash and cash
transactions. Financial needs are equally important in life for enjoying a comfortable
economic status. So it plays a vital role for all of us.

How do you see yourself flourish in Banking Sector after 5 Years?
They are not looking to hear about your personal aspirations e.g. what you want to be and
what you will do in upcoming 5 years. They want to know if you are willing to stick around
the company and grow professionally and solve their problems or not. Tell them you see
yourself in the role of Manager in MMG Scale-II. Be sure about the responsibilities of
Manager MMG Scale-II. While answering you should express that you plan on staying at the

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Interview Capsule – IBPS PO V Bank for a long time. Do you have any achievement? Some very respectable and admirable interviewers appreciate it if you honestly say that you haven't achieved anything considerable yet and that you are all set to go out and prove yourself and that the concerned company will provide you a platform for it. gave me an opportunity to work with them. I have learned a lot of things how to work under pressure with confidence and how to make relationship with co-workers professionally. List your main skills and how these will be directly applicable if you get the job. Answer like this Sir. multitasking ability and ready to accept challenges. "What are your strengths and what are our company strengths? If there is something common. So. If there is nothing common. Most of the 5|Page . I’ve been preparing for this position and excited about the opportunity to work with the bank. I share some of the same values which this corporation is looking in Probationary Officers like customer orientation skills. Why did you leave your previous job? Attention: Speaking anything negative about your past employers would cast back badly on you. Demonstrate some of you key strengths and how you plan on enhancing those strengths through employment with that particular bank. Answer like this I am thankful to my previous organisation. mention that you bring new set of strengths to the table. I would like to take these values to a superior level. Now I'm looking for better opportunity to enhance my skills and ability along with company growth. cite that as synergy. Recheck the same question as. How will you add value to our organization? The interviewer is hoping you might be the solution to their problems. don’t slander anyone.

The answer varies if you're a fresh graduate as opposed to a senior professional. no matter the obstacles. you might have been part of a team that had organized a college fest for example or a technical symposium for your department. just say “thank you” and leave.As I am a fresher. multi-tasking and even pressure. There are many more such options. Answer like this . The ability to get things done. Why should we select you? This question is a great opportunity to sell yourself and your accomplishments. I have theoretical knowledge but I can do hard work for my organization and I will put all my efforts for the good progress of organization. So take this time to co-relate things you've done in the past with the things the company is trying to achieve. You get things done: This is the most important ability an employer is looking for. You can ask about the job challenges while emphasizing that you like to be motivated by well focused daily work challenges. Regardless you should include 1. 6|Page . Being punctual and sincere. you might have just signed up for that to get out of classes and sit in the canteen but you can make up a believable crisis situation and a way out and narrate it to them. Give some examples from the past. For example. Why you're a good fit: Employers like to know that you've taken the time to understand their organisation. I can finish the work given to me on time and try my best to fulfill all needs of company from me. So it is always better to have a decent answer ready and prepared. Do you have any questions? If you have any genuine questions. For all I know. How you have the required skills/experience 2. Otherwise. you can ask.Interview Capsule – IBPS PO V interviewers will expect you to impress them. Just sit down and let your creativity flow. 3.

it accepts deposits and then lends the same to earn certain profit. The amount accountholders entrust the bank with safekeeping earns them a very basic interest amount. banking sector acts as the backbone of modern business. 4) Service Fees: Commercial banks levy service fees on its customers and even though the service fees are marginal.100. “Bank is a financial institution that undertakes the banking activity i. car loan and other type of mortgages.1. overdrafts.Interview Capsule – IBPS PO V Banking Notes What is a Bank? Suppose you have got Rs. and your account is credited with the amount of your deposit. It would be difficult for someone acting alone to find either a potential borrower who needs exactly Rs. These could be personal loan. Banks generally restrict the amount of withdrawals to remain solvent.” Now-a-days. your money goes into a big pool of money along with everyone else's.100. 3) Public Deposits: Money kept by the public in savings and checking accounts is the largest source of funds for commercial banks.000 you don’t need for or say for a year and want to earn income from the money until then or you want to buy a house and need to borrow Rs. it forms a large chunk of commercial bank earning medium. How banks create money? Here are the ways in which banks make money 1) Loans: Lending loans to borrowers from the public is a major way for commercial banks to earn money. The amount is lent to a person at a higher interest rate for a fixed period of time. limited or unlimited value. 2) Credit Cards: Credit cards are unsecured loans extended by a commercial bank with the sole intention of earning heavy interest.000 for 20 years. gives the person access to immediate funds and the person is charged premium fees by the bank for extending this facility. As the loan amount starts getting recovered. Commercial banks charge service fees for ATM’s. These deposits are pooled together and loaned out to other individuals or invested elsewhere.000 for a year or a lender who can spare Rs. The banks earn interest money and share the basic percentage with the savings or checking account holder. the bank pays a portion of the interest value to other depositors and keeps the remaining as its earning. When you deposit your money in the bank.e. Availing a credit card. This ensures that the money remains within the bank.1. Development of any country mainly depends upon the banking system. operating a simple savings 7|Page .000 and pay it back over 20 years. especially for forwarding loans. That’s where banks come in. home loan. How do the Banks work? The primary function of banks is to put their account holders' money to use by lending it out to others who can then use it.

accessing internet banking and mobile banking.Interview Capsule – IBPS PO V account. If the 8|Page . issuing checks. issuing debit cards. It helps to ensure that services of the banks are not misused. These fees are unavoidable since every commercial bank charges them. ● Intermediary: Banks act as an intermediary between depositors(who lend money to the bank) and borrowers(to whom the bank lends money). These six documents are ● Passport ● Driving Licence ● Voters’ Identity Card ● PAN Card ● Aadhaar Card issued by UIDAI ● NREGA Card One need to submit any one of these documents as proof of identity. maintaining bank lockers and more. Functions of Banks Know your customer(KYC) It is a process by which banks obtain information about the identity and address of the customers. renewing debit cards. The amount banks pay for deposits and the income they receive on their loans are both called interest. It is to be completed by the banks while opening accounts and also periodically update the same. Requirements for opening a bank account: ● Proof of identity ● Proof of address Proof of identity: Six documents as Officially Valid Documents (OVDs) for the purpose of producing proof of identity. then it would be accepted as proof of address. If these documents also contain one’s address details.

gender. and does a lot more from its position at the top of the banking system pyramid. The financial year of RBI is from 1 July to 30 June. but is a government entity now. operates the country’s credit and currency system. How does it work? While using e-KYC service. 3. you have to authorise the Unique Identification Authority of India (UIDAI) to release your identity/address through biometric authentication to the bank branches/business correspondent(BC). The UIDAI then transfers your data comprising name. 1935 under the Reserve Bank of India Act. Information thus provided through e-KYC process is permitted to be treated as an Officially Valid Document under PML Rules and is a valid process for KYC verification. What you most likely do not know are these 10 lesser discussed. The RBI logo was inspired from the East India Company Double Mohur. and quite interesting facts about the RBI. then he/she will have to submit another officially valid document which contains address details.10. 1935 as a private entity.50. Nationalization of the central bank did not happen till 1949. Formed on April 1. e-KYC is possible only for those who have Aadhaar numbers. electronically to the bank/BC. *Difference between small accounts and other accounts Small Accounts have certain limitations such as: ● balance should not exceed Rs. But you probably already knew all of this. RBI’s central office was initially in Kolkata but moved to Mumbai in 1937.00. 1. All about RBI Reserve Bank of India regulates the entire banking system of the nation. and photograph of the individual. Set up on April 1.Interview Capsule – IBPS PO V document submitted by person for proof of identity does not contain address details. ● Foreign remittances cannot be credited to such accounts.000 ● total withdrawal and transfers should not exceed Rs. The bank will review such account after twenty four months to see if it requires such relaxation. for a further period of twelve months. What is e-KYC? e-KYC refers to electronic KYC.1. Dig in to be the next RBI knowledge expert. has the job of ensuring monetary stability for us. Small accounts remain operational for a period of twelve months and thereafter. is responsible for printing our currency notes. age. *If one does not have any of the documents listed above to show my ‘proof of identity’ He/She can still open a bank account known as Small Account by submitting recent photograph and putting signature or thumb impression in the presence of the bank official. 2. RBI was originally privately owned but is now owned wholly by the Indian government. if the holder of such an account provides evidence to the bank of having applied for any of the officially valid documents within twelve months of the opening of such account. 9|Page .000 in a month.000 ● total credits in one year should not exceed Rs.

000. 10. Rs. ● RBI follows a minimum reserve system in the note issue. 5. Udeshi. RBI as Banker of Banks The other banks keep their current accounts with RBI and RBI helps them in maintaining statutory reserves with itself.000. it has to maintain only Rs. Initially. ● Currently. Deshmukh. Manmohan Singh is the only Prime Minister to have also served as the Governor of RBI. 7. 10. 4. Rs. RBI demonetized notes in the denominations of Rs. J. RBI can issue any note of any denomination but not exceeding Rs. But. it used to keep 40 per cent of gold reserves in its total assets.10. Monetary policy is used for the control of money supply in the economy with objective to maintain economic and financial stability and ensure adequate financial resources for the purpose of development. since 1957.1.Interview Capsule – IBPS PO V 4. They were reintroduced in 1954 and again demonetized in 1978. Rs. Objectives: ● ● ● ● Regulating the issue of currency in India keeping the foreign exchange reserves of the country establishing the monetary stability in the country developing the financial structure of the country on sound lines consistent with the national socio-economic objectives and policies. 2. Rs. The notes denomination is notified by Government and RBI acts accordingly. paper currency notes in India are issued in the denomination of Rs. RBI was also the central bank for two other countries. RBI runs a Monetary Museum in the premises of the Mumbai head office. Major functions of RBI 1. 9. It played the role of Central Bank of Pakistan till June 1948 and the Central Bank of Burma ( Myanmar) till April 1947. 10. ● Currency chests are storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank.50.500 and Rs. Management of foreign exchange reserves 10 | P a g e .D. 115 crores. 5. The first woman to become the deputy governor of RBI is K. Rs. Monetary Authority of India RBI works as the monetary authority of India and there by operates the monetary policy. 200 crores of gold and foreign exchange reserves.100. C. 6. RBI can print these notes according to the RBI act of 1934. He was the third governor of RBI. 3. Issuer of Currency Reserve Bank of India has the sole right to issue Banknotes of all denominations.000 in 1938. 8. *Key points: ● First paper notes were issued by the private banks such as Bank of Hindustan and the presidency banks during late 18th century.20. The bank was established on the recommendation of the Hilton Young Commission.000 and Rs. 5. of which gold reserves should be of the value of Rs. The first Indian to hold the position of the Governor of RBI was Mr. ● The amount of a banknote is written on it in 17 languages out of 22 official languages of India.

exchange and banking transactions in India and the management of its public debt. the then Prime Minister of India expressed the intention of the Government of India in the annual conference of the All India Congress Meeting in a paper entitled "Stray thoughts on Bank Nationalization. 5. the Reserve Bank helps to reduce the dependence of the people in these areas on the defective unorganised sector of indigenous bankers and money lenders and to develop the banking habits of the people. At the same time.Interview Capsule – IBPS PO V RBI manages the Foreign Exchange Management Act. It not only regulates and supervises the Indian Banks but also Foreign Banks. What is Nationalization ? Nationalization is a process whereby a national government or State takes over the private industry. Indira Gandhi." Government of India issued an ordinance (Banking Companies Ordinance. This strategy has been frequently adopted by socialist governments for transition from capitalism to socialism. Regional Rural Banks. continued to be owned and operated by private persons. 11 | P a g e . Local Area Banks. it had emerged as a large employer and a debate had followed the nationalization of the banking industry. 1999 to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. RBI as Banker and Debt Manager to the Government Central Government entrusts the Reserve Bank with all its money. Moreover. By the 1960s. remittance. RBI as a regulator and supervisor of financial system It is the most important function of RBI. organisation or assets into public ownership by an Act or ordinance or some other kind of orders. 7. the Indian banking industry had become an important tool to facilitate the development of the Indian economy. 6. In India since independence following major nationalizations have taken place ● 1770 : First bank Bank of Hindustan. ● 1955 : Control of Imperial Bank of India was acquired by RBI ● 1969 : 14 Indian private banks were nationalised ● 1972 : 106 insurance companies were nationalised into four insurance companies ● 1980 : 6 more Indian private banks were nationalised ● 1993: New Bank of India Merged into Punjab National Bank Story behind Nationalization in the 1960s Banks in India except the State Bank of India (SBI). Developmental & Promotional roles By encouraging the commercial banks to expand their branches in the semi-urban and rural areas. Cooperative Banks. ● 1949 : RBI was nationalized (RBI was state owned at the time of Indian independence). Government also deposits its cash balances with RBI. Financial Institutions including Development Financial Institutions (DFIs) and Non-Banking Financial Companies.1969) and nationalised the 14 largest commercial banks with effect from 19 July 1969.

IndusInd Bank was the first private bank in India and among the fastest growing Bank Private Banks in the country. All banks which are included in the Second Schedule to the Reserve Bank of India Act. 12 | P a g e . Scheduled Co-operative Banks consist of Scheduled State Cooperative Banks and Scheduled Urban Cooperative Banks. 1934 are Scheduled Banks. more than 50% is held by a government. Thus at present all the nationalised banks are Public Sector banks. The Private Banks are accountable for a share of 18.e. IDBI Bank Ltd and SBI are too Public Sector Bank (though not nationalised bank) as GoI has over 50% stake in these banks too. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks. The Indian banking sector is classified into scheduled banks and non-scheduled banks. Scheduled Commercial Banks in India are categorized into five different groups: ● ● ● ● ● State Bank of India and its Associates Nationalised Banks Private Sector Banks Foreign Banks Regional Rural Banks What are Public Sector Banks? PSBs in India are banks where a majority stake i. What are Private Sector Banks? Private Banks are banks that do not have any government stakes. and it received the presidential approval on 9 August 1969. Private Banks have gained quite a strong foothold in the Indian banking industry over the last few years especially because of optimum use of technology.Interview Capsule – IBPS PO V Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill. In addition to these.2 percent of the Indian banking industry.

What are Foreign Banks? A foreign bank is a bank with head office outside the country in which it is located. Government set up Narasimham Working Group in 1975. On the basis of this committee’s recommendations.Interview Capsule – IBPS PO V Comparison between Private and Public Sector Banks ● Private sector banks introduced the concept of online banking in India. a Regional Rural Banks Ordinance was promulgated in September 1975. First RRB: Prathama Grameen Bank The RRBs were owned by three entities with their respective shares as follows: ● Central Government → 50% ● State government → 15% ● Sponsor bank → 35% 13 | P a g e . What are Regional Rural Banks? After nationalization. which was replaced by the Regional Rural Banks Act 1976. ● However despite the technological challenges the public sector banks in India are still the preferred destinations for many as they are considered as safer options for money deposit. e. This was mostly because the private banks were technologically well equipped.g. ● Private sector banks were using state of the art technology and fully computerized systems since the time they entered the Indian market whereas the Public sector banks were not. of banks in 1960 there were problems which made it difficult for commercial banks even under government ownership to lend to farmers. Standard Chartered Bank.

established in 1982 by a Special Act of the Parliament. for all districts in the country. 1964 as a Development Financial Institutions under IDBI Act 1964. and was known as IDBI Ltd. was incorporated as a Govt company under the Companies Act on 27th September. 2005. It continued as DFI till 2004 when it was transferred into a Bank. and thus now it came to be known as IDBI Ltd wef 1st October 2004 but it also worked as a Bank in terms of the Repeal Act. including monitoring. Improving the absorptive capacity of the credit delivery system in India. ● ● ● ● ● ● IDBI It has power to deal with all matters concerning policy. Industrial Development Bank of India (IDBI) came into being on 1st July. Prepares rural credit plans. Government of India holds 99% stake in NABARD.f. Functions: ● ● ● To initiate steps for technological upgradation and modernisation of existing units. RBI has sold its own stake to the Government of India. and training of personnel.e. formulation of rehabilitation schemes. ● A new company under the name of Industrial Development Bank of India Ltd. SIDBI Small Industries Development Bank of India (SIDBI) was set up under an Act of Parliament in 1990. 2nd April. restructuring of credit institutions. Therefore. and the field of agriculture and rural development. IDBI Bank Ltd. with a mandate to uplift rural India by facilitating credit flow in agriculture. To expand the channels for marketing the products of SSI sector in domestic and international markets. 2004. Promotes research in rural banking. It is a Public Sector Bank as GoI has above 70% shareholding in this Bank. handicrafts and small-scale industries. Co-ordinates the rural credit financing activities of all sorts of institutions engaged in developmental work at the field level. ● W. A refinancing agency for those institutions that provide investment and production credit for promoting the several developmental programs for rural development. planning as well as operations in giving credit for agriculture and other economic activities in the rural areas. 14 | P a g e . cottage and village industries. annually. NABARD functions to promote sustainable rural development for attaining prosperity of rural areas in India. To promote employment oriented industries especially in semi-urban areas to create more employment opportunities and thereby checking migration of people to urban areas. Though it was a wholly owned subsidiary of Industrial Development Bank of India. presently the ownership is held by 33 Government of India owned / controlled institutions. was finally amalgamated with IDBI Ltd.Interview Capsule – IBPS PO V NABARD NABARD is an apex development bank. To transform this into Bank Industrial Development Bank Act 2003 was passed. *Key points: ● Regarded as a Public Financial Institution in terms of Companies Act.

● Granting of loans both in rupees and foreign currencies. The authorised capital of Exim bank is Rs. It commenced its operations in 1988. Functions ● Grants loans and advances to industrial concerns. Objective: ● ● To promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions and for matters connected therewith NHB registers. was set up by an Act of Parliament in 1987. It issue bonds and debentures in the open market. to borrow foreign currency from the World Bank and other organisations. NHB National Housing Bank(NHB). 200 crore and paid-up-capital is Rs. 15 | P a g e . EXIM Export-Import Bank (Exim bank) was set up in 1982 to take over the operations of international finance wing of the IDBI and to provide financial assistance to exporters and importers. shares etc. Functions ● ● ● ● ● Provides direct financial assistance to exporters of plant. machinery and related service in the form of medium-term credit. Collecting and compiling the market and credit information about foreign trade. Developing and financing export oriented industries. ● Grant loans only to public limited companies and co-operatives but not to private limited companies or partnership firms. regulates and supervises Housing Finance Company (HFCs). Gives overseas buyers credit to foreign importers for import of Indian capital goods and related services. keeps surveillance through On-site & Off-site Mechanisms and coordinates with other Regulators.Interview Capsule – IBPS PO V IFCI Government of India set up the Industrial Finance Corporation of India (IFCI) in 1948 under a special Act. bonds. a wholly owned subsidiary of Reserve Bank of India (RBI). accept deposits from the public and also borrow from the Reserve Bank. 100 crore wholly subscribed by the Central Government. ● Underwrites the issue of stocks. This is the first financial institution set up in India with the main object of making medium and long term credit to industrial needs. NHB is an apex financial institution for housing. Provides rediscount of export bills for a period not exceeding 90 days against shortterm usance export bills discounted by commercial banks.

16 | P a g e . ● Objective: To lessen poverty and promote the long term development of the economy. ● World Bank is for development projects in the developing world. Functions: ● ● ● ● ● ● Checks Price Rigging Prohibits Insider trading Prohibits fraudulent and Unfair Trade Practices Registers and regulates the working of stock brokers. Reason for establishment: With the growth in the dealings of stock markets many malpractices started in stock markets such as price rigging. Registers and regulates the working of mutual funds etc. So government of India decided to set up an agency or regulatory body known as Securities Exchange Board of India (SEBI). These led to decline in world trade and living standards fell sharply. Due to these malpractices the customers started losing confidence in the stock exchange. New hampshire. Regulates takeover of the companies All about IMF & WORLD Bank First of all history behind the establishment of these two institutions World bank and IMF are called the "Bretton wood institutions". merchant bankers and all those who are associated with stock exchange in any manner. Reasons: Great Depression in the 1930s. SEBI was granted legal status. It promotes orderly development in the stock market but initially it was not able to exercise complete control over the stock market transactions.share transfer agents. In July 1944 during the United Nations Monetary and Financial conference in Bretton woods. ● IMF is about balancing the international financial system in both rich and poor countries (Greece is a recent recipient). and delay in delivery of shares. representatives of 45 governments agreed to set up the World bank (which came into existence during the conference) and IMF (which came into existence in 1945). sub-brokers. violation of rules and regulations of stock exchange.Interview Capsule – IBPS PO V All About SEBI Securities Exchange Board of India was set up in 1988 to regulate the functions of securities market. Countries tried to protect their domestic economy by putting barriers on foreign trade and devaluing their currency to gain market share in export markets. It was left as a watchdog to observe the activities but was found ineffective in regulating and controlling them. By 1940s it was clear that the world needed global institutions for economic cooperation. So in 1992. trustees. IMF(International Monetary Fund) World Bank ● Stability ● Growth ● Objective: To deal with all the issues related to the financial sector and macroeconomics.

IMF comes and usually fixes stuff along with advice. IDA(International Development Association): This is a grant body. hire-purchase.g. ● You go to the World Bank when you want to build a dam or power plant or a road. ● IBRD(188) ● IDA(172) Some of their projects in India(2015). chit business but does not include any institution whose principal business is that of agriculture activity. acquisition of bonds/debentures/securities issued by Government or local authority or other marketable securities.Interview Capsule – IBPS PO V ● You go to the IMF when you are so messed up that your currency is dropping like crazy. Meaning it borrows money from investors around the world and then lends to the poor governments. It doesn't usually borrow new money. NBFC(Non-Banking Financial Company) It is engaged in the business of loans and advances. unlike in case of banks. open only for the poorest nations. ● Nai Manzil . Difference between Banks & NBFCs ● NBFC cannot accept demand deposits ● NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself ● deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs. insurance business. NBFCs but exempted from the requirement of registration ● Housing Finance Companies ● Merchant Banking Companies 17 | P a g e . ● ● IMF is a fund.Education and Skills Training for Minorities ● Eastern Dedicated Freight Corridor-3 ● National Cyclone Risk Mitigation Project-II World Bank is a much bigger institution and has two arms: IBRD (International Bank for Reconstruction and Development): Charges a slightly higher interest rate than it borrows and it is mainly for profitable commercial projects [such as roads and dams]. e. The focus is on social projects such as immunization and education. industrial activity. leasing. No interest and usually countries are given long periods for repaying. Meaning it has a pool of money given to it by 188 member countries in the past and lends out of that fund. World Bank is a bank. purchase or sale of any goods or providing any services and sale or purchase of immovable property.

In respect of credit card operations of an NBFC. 18 | P a g e . So it is a deposit insurance provider for small depositors. DICGC(Deposit Insurance and Credit Guarantee Corporation) Aim: To bring financial stability to the banking system through deposit insurance. ● Compensation not exceeding Rs 1 lakh to the complainant only in the case of complaints relating to credit card operations for mental agony and harassment. Banks insured by the DICGC Commercial Banks: All commercial banks including branches of foreign banks functioning in India. local area banks and regional rural banks Cooperative Banks: All co-operative banks other than those from the State of Meghalaya and the Union Territories of Chandigarh. *Key points: ● One can file a complaint if the reply is not received from the bank within a period of one month after the bank rejects the complaint or if the complainant is not satisfied with the reply given by the bank. Banking Ombudsman The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. special for the benefit of small depositors. one can approach the appellate authority vested with a Deputy Governor of the RBI. the customer will have the option to approach the Office of the concerned Banking Ombudsman for redressal of his grievances. ● If one is not satisfied with the decision passed by the Banking Ombudsman. ● Compensation to be paid by the bank to the complainant is limited to the amount arising directly out of the act or omission of the bank or Rs 10 lakhs.Interview Capsule – IBPS PO V ● ● ● ● ● ● Stock Exchanges Companies engaged in the business of stockbroking/sub-broking Venture Capital Fund Companies Nidhi Companies Insurance companies Chit Fund Companies *Key point: There is no Ombudsman for hearing complaints against NBFCs. Lakshadweep and Dadra and Nagar Haveli Primary cooperative societies are NOT insured by the DICGC. whichever is lower. which is a subsidiary of a bank if a complainant does not get satisfactory response from the NBFC within a maximum period of thirty 30days from the date of lodging the complaint.

except: Deposits of the Foreign Governments Deposits of the Central and State Governments. State Bank group.1. foreign banks and regional rural banks) account for an overwhelming share of the banking business. ● State Cooperative Banks: Operate at the apex level in states ● District Central Cooperative Banks: Operate at the district levels 19 | P a g e .000 If you have deposits with more than one bank. While commercial banks (nationalised banks. recurring. Women's Self-Help Groups (WSHGs) Formed under the state government's Nava Jatan programme to address malnourished children. Kinds of deposits insured: All deposit accounts including savings. The DICGC charges 10 paise per Rs. Also SHG act as building groups of village and provide platform to discuss village issues. WSHGs adopt malnourished children in their area and provide them food with the help of Anganwadi centres. deposit insurance coverage limit is applied separately to the deposits in each bank. Rural Cooperatives are short-term and long-term structures. Self help groups give loans to its members at a general interest rate which is less than interest rate of moneylenders. Short-term cooperative banks are three tiered operating in different states. Registration and Management activities are managed by Registrar of Cooperative Societies (RCS). 100 as insurance premium.Interview Capsule – IBPS PO V Key points: ● ● ● ● Maximum deposit amount insured by the DICGC Each depositor in a bank is insured upto a maximum of Rs. private sector banks. Banking activities of Urban Cooperative Banks are monitored by RBI. co-operative banks also play an important role. fixed.Self help groups are also able to take loans from bank when they have pooled good amount of money. Insurance cost is fetched by the bank which is insured. These RCS operate in single-state and Central RCS (CRCS) operate in multiple state. current. Self Help Groups(SHG) Self help groups refer to group of 15-20 people (generally women) . The structure of cooperative network in India can be divided into 2 broad segments ● Urban Cooperative Banks ● Rural Cooperatives Urban Cooperatives are scheduled and non-scheduled. who pool or collect their resources like money so as to help each other in times of need.00. Cooperative Banks Banks in India can be broadly classified under two heads — commercial banks and cooperative banks.

if people have more cash in their hands than the items available for purchase in the market. Balances in overdue fixed deposits. & deposits held as securities for advances which are not payable on demand and Gold deposits. cash certificates. Credit balances in the Cash Credit account and deposits held as security for advances which are payable on demand & Money at Call and Short Notice from outside the Banking System (Liability to others). time liabilities portion of savings bank deposits. cumulative and recurring deposits. Long-term structures State Cooperative Agriculture and Rural Development Banks (SCARDS): Operate at state-level. Effect of increase and decrease Lower CRR means bank can give more money as loan--> lower interest rates--> cheap loan--> more people take loan to start business or building house or buying car-->boost in economy. Outstanding DDs. Time Liabilities Fixed deposits. Monetary policy is administered by the central bank of the nation with regard to money supply.Interview Capsule – IBPS PO V ● Primary Agricultural Credit Societies: Operate at the village or grass-root level. can also lead to inflation. Savings bank deposits. Core points related to Monetary & Fiscal Policy Both are complimentary to each other in balancing growth. Now what are Demand and Time Liabilities? Demand Liabilities Current Deposits. Unclaimed deposits. margin held against letters of credit. if not payable on demand. Primary Cooperative Agriculture and Rural Development Banks (PCARDBS): Operate at district/block level. interest rates etc. 20 | P a g e . unemployment and inflation. Fiscal policy is by the government relates to the revenue and expenditure policies of the government and also it is the use of government funds to influence the economy. Cash Reserve Ratio (CRR) It is the share of net demand and time liabilities (deposits) that banks must maintain as cash balance with the Reserve Bank. However. like the annual budget and taxation. staff security deposits. Following are the instruments of Monetary Policy in India. Margins held against letters of credit/guarantees.

Liquidity Adjustment Facility (LAF): Consists of overnight and term repo/reverse repo auctions. Changes in SLR often influence the availability of resources in the banking system for lending to the private sector. 21 | P a g e .Interview Capsule – IBPS PO V Higher CRR: Bank can give less money as loan-->Higher interest rate-->it becomes expensive to start a new factory. most secure. Reserve Bank has increased the proportion of liquidity injected in the LAF through term-repos. ● Refinance facilities: Sector-specific refinance facilities aim at achieving sector specific objectives through provision of liquidity at a cost linked to the policy repo rate. This rate is used as a guide for computing interest rates for other borrowers. It is also called prime rate. Statutory Liquidity Ratio (SLR): The share of net demand and time liabilities that banks must maintain in safe and liquid assets. cash and gold. outright purchase/sale of government securities for injection or absorption of liquidity Bank Rate: Rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers. With every cut in 25 basis points in CRR it would infuse the liquidity of Rs. MSF rate and reverse repo rate determine the corridor for the daily movement in short term money market interest rates. Open Market Operations (OMOs): These include both. Aim: To help develop interbank money market which in turn can set market based benchmarks for pricing of loans and deposits and through that improve transmission of monetary policy. Term Repos: Reserve Bank introduced term repos of different tenors. government securities. This can curb inflation but may also lead to slowdown in economy because people wait for the interest rates to go down before taking loans. This rate has been aligned to the MSF rate and therefore changes automatically as and when the MSF rate changes alongside policy repo rate changes. buy a new house / car/bike. Prime Lending Rate The interest rate charged by banks to their largest. such as. such as. Marginal Standing Facility (MSF): Scheduled commercial banks can borrow additional amount of overnight money from the Reserve Bank by dipping into their SLR portfolio up to a limit (currently 2% of their NDTL) at a penal rate of interest (currently 100 basis points above the repo rate). and most creditworthy customers on short-term loans. This provides a safety valve against unanticipated liquidity shocks to the banking system. 7/14/28 days to inject liquidity over a period that is longer than overnight.16000 crore.

However. They are. firms. Period of deposit is minimum six months and maximum ten years. ● Do not have any fixed maturity as these are on continuous basis accounts.Interview Capsule – IBPS PO V Types of Accounts Bank Accounts are classified into four different types. ● No interest paid on amount held in the account. on such accounts. No withdrawals are allowed from the RD account. Some banks recommend to maintain a minimum amount to keep it functioning. public enterprises etc and are never used for the purpose of investment or savings. pensioners and students use Savings Account. the bank may allow to close the account before the maturity period. ● There is no restriction on the number and amount of deposits. ● These deposits are the most liquid deposits and there are no limits for number of transactions or the amount of transactions in a day. 3) Recurring deposit account or RD account is opened by those who want to save certain amount of money regularly for a certain period of time and earn a higher interest rate. 4) Fixed Deposit Account(FD) A particular sum of money is deposited in a bank for specific period of time. 22 | P a g e . Most of the salaried persons. 2) Savings Account ● For saving purposes ● Any individual either single or jointly can open a savings account. The saving account holder is allowed to withdraw money from the account as and when required. But withdrawals are subjected to certain restrictions. 1) Current Account 2) Savings Account 3) Recurring Deposit Account 4) Fixed Deposit Account 1) Current account ● For business persons. banks charges certain service charges. Can be opened in single or joint names. ● Rate of interest ranges between 4% to 6% per annum in India. ● ● ● ● ● A fixed amount is deposited every month for a specified period and the total amount is repaid with interest at the end of the particular fixed period. ● Advantage of having Savings Account is Banks pay interest for the savings. In some other countries these are known as "Term Deposits" or even called "Bond". companies. Interest rates vary for different plans based on the amount one saves and the period of time and also on banks. Banks are also providing the Nomination facility to the RD account holders.

the depositor can ask for closing the fixed deposit prematurely by paying a penalty(usually of 1%. NE(E)RA and FCNA(A) Accounts There are several kinds of accounts available for non resident Indians . Miscellaneous Deposits CASA Deposits ● ● ● It refers to Current Account Saving Account Deposits. When a resident becomes a non resident then his domestic rupee account gets converted into the NRO account. For example rent or interest from investments. These deposits are usually targeted at persons who are salaried or receive other regular income. A Recurring Deposit can usually be opened for any period from 6 months to 120 months. 3. A high interest rate is paid on fixed deposits. and are vulnerable to interest rate shocks in the economy.Interview Capsule – IBPS PO V ● ● ● It’s one time deposit and one time take away (withdraw) account. Fixed deposits: A fixed rate of interest is paid at fixed. NRO. 23 | P a g e . Term Deposits are of three kinds 1. This helps the NRI to get his credits which accrue in India. but some banks either charge less or no penalty) The penalty amount varies with banks. along with the principal amount of the deposit. So banks tend to increase the CASA deposits and for this they offer various services such as salary accounts to companies and encouraging merchants to open current accounts also use their cash-management facilities. period and also from bank to bank. regular intervals. Non Resident Ordinary Accounts(NRO): Any person resident outside of India can open this account. The Bank is High CASA ratio(CASA deposits as % of total deposits) are in a more comfortable position than the Banks with low CASA ratios . Low interest deposits for the Banks compared to other types of the deposits. The money deposited in this account can not be withdrawn before the expiry of period. 2. plus lower spread they earn. Persons of Indian Origin and Overseas Citizens of India. In case of need. Recurring deposits: Fixed amount is deposited at regular intervals for a fixed term and the repayment of principal and accumulated interest is made at the end of the term. In the Flexi Deposits amount in savings deposit accounts beyond a fixed limit is automatically converted into term-deposits. which are more dependent on term deposits for their funding. Re-investment deposits: Interest is compounded quarterly and paid on maturity. The rate of interest paid for fixed deposit vary according to amount.

is said to be crossed. The cancellation of the word Bearer automatically makes the cheque an order cheque. the bank may make payment against such a cheque. By simply crossing a cheque or with the words ” & Co”. the payee can either deposit it in his/her account or endorse it in favour of another person on the reverse. Foreign Currency Non-Resident Account(FCNR): Foreign Currency Non-Resident Account Bank is opened by the NRIs in 6 designated currencies as follows: 1.Euro (EUR) 4.US Dollar (USD) 2. Bearer Cheque: A cheque which is payable to a person whosoever bears. Crossed Cheque: A crossed cheque is one which has two short parallel lines marked across its face. by the payer. and the money will be paid to them. Multilated Cheque: If a cheque is torn into two or more pieces such cheque is Mutilated Cheque.Canadian Dollar (CAD) 6.Interview Capsule – IBPS PO V Non-Resident(External)Rupee Account(NR(E)RA: It’s a Rupee account and the NRI can remit money to India from the funds abroad. but it may be deemed an ‘irregular’ bill of exchange.Australian Dollar (AUD). A bank may refuse to honor it unless its drawer reconfirms it payment either by inserting a new payment date or by issuing a new check. a check written on the 14th of the month but dated for the 28th will not be cashed for another two weeks. Also called stale dated check. An open cheque is a cheque that is not crossed on the left corner and payable at the drawee bank on presentation of the cheque. it is termed as post dated cheque. Post Dated Cheque: If a cheque bears a date later than the date of issue. Stale Cheque: Check presented at the paying bank after a certain period typically six months of its payment date. if a cheque is torn at the corners and no material fact is erased or cancelled. For example. 24 | P a g e . If it presented for payment. In case. Any check or draft that has a future date written upon it by the user. The person whose name appears on the cheque can write the name of another person on it. Cheques Order Cheque: A cheque which is payable to a particular person on his order is called an order cheque. The cheque sometimes can be made payable to “Cash” or bearer or made payable to a specific name.Great Britain Pound (GBP) 3. This is a cheque whereby the printed word Bearer on the cheque is cancelled. This practice is nowadays not accepted by the banks.Japanese Yen (JPY) 5. is called bearer cheque. The amount of the check will not be drawn from the account until the date written on the check. A stale check is not an invalid check. This means that depositor is exposed to the Currency rates risk. Open Cheque: A cheque that is not a crossed cheque. Crossed cheques are of two types. such a cheque the bank will not make payment against such a cheque without getting confirmation of the drawer. A cheque which carries too parallel transverse lines across the face of the cheque with or without the words “I and co”.

signature or payment authorisation is required for using this card. For example. Debit Card: Money you are spending is your own and is drawn from an account you have with the bank/institution issuing you the debit card.no spendy. teens and people with poor credit ratings. and by anyone without a normal bank account – generally kids. free entry to Times Music events. Education Loan: This is actually a handy tool for parents who not planned well for their kid’s higher education. how much in total you owe them and how much they require you to pay this month. debit cards. There is of course usually a limit to how much of the bank's money they will allow you to use.Interview Capsule – IBPS PO V Plastic Money Different types of plastic money available in the market today. if you have used all of those funds . etc. More and more Indians are using them as a convenient mode of payment. No identification. But still to have something in advance end up them to borrower of such type of loans. Smart card: It contains an electronic chip which is used to store cash. No money in that account? No spendy. Prepaid cards: A prepaid card works a bit like a gift card – you top it up with money. Loans Home Loan: Home loan as name suggest is the loan against buying property. No change is given. Often used by travellers to carry holiday money. Here we may find two types of loans ● Secured Loans-Where you provide some collateral as a safety against loans. the Citi-Times card gives you all the benefits of a Citibank credit card along with a special discount on Times Music cassettes. People used to use this facility for anything they can. It is usually a secured loan where collateral is your vehicle and in case of default lender may recover it by taking back your vehicle. But some lenders offer unsecured loans where your credit score matters more. Every individual currently have dreams to have their own home. Co-branded cards are credit cards issued by card companies that have tied up with a popular brand for the purpose of offering certain exclusive benefits to the consumer. For example bus fares and coffee. 25 | P a g e . Personal Loan: It is the loan granted to fulfill your expenses which ranges from buying some expensive electronic gadgets to booking your air tickets. This is most useful when you have to pay for small purchases. Be it credit cards. They forget that usually rate of interest on such loans will be higher than other types of loans. ● Unsecured Loans-In such type of loans borrower collateral not required. and you can only spend up to that amount. Credit Card: Money you are spending is the bank’s and at the end of each month the bank/institution will issue you bill letting you know how much of their money you've spent. The exact amount of purchase is deducted from the smart card during payment and is collected by smart card reading machines. Car Loan or Vehicle Loan: Used to meet your financial requirement when one is planning to have his dream car or bike.charge cards. co-branded cards.

Generally. etc. car. you need to bring collateral security in the form of suitable third party guarantee will be taken.000. bus. which are permanently attached with Earth surface. (which is possessed by you) and recover the total amount (with interest)." So for instance.00. and recover the loan amount (with interest). house mortgaged). car. In case you are unable to repay the loan amount.Interview Capsule – IBPS PO V Maximum Loan Available Studies in India-Maximum Rs. Above Rs.a lot of banks and credit unions have what is called "cross collateral.4. Hypothecation: It is used when you(borrower) have the actual possession of the asset.10. like car.50. Hypothecation. etc. It is a technology which allows machines to read and process cheques enabling thousands of cheque transactions in a short time. But if banks satisfied with financial condition of the borrower then they may waive the condition of third party collateral.7. like house. and you are hypothecated to the bank for the loan granted. Here. It is a right to reserve a legal interest in something.) remain with you.00. for which you are granted loan (e. if you have a vehicle loan with a bank and also have a checking account with the bank.Mortgage Pledge is when the property is offered as collateral or security.00. this is charged against loans for movable assets. Example. Mortgage: It is used when you (borrower) have the actual possession of the assets.). land. there is an excellent chance that you've signed a contract provision where you've "pledged" whatever funds you may have in your checking account from time to time as additional security on the loan.00.. (vehicle loans). etc. the assets (bus.. the bank has the right to seize and sell the mortgage.000 and below Rs. or against which you are granted loan (e.4. Security Upto Rs.000. Securities: Pledge. MICR code is usually a nine digit code First three digits: Represent the city code that is the city in which the bank branch is located.g. MICR MICR stands for Magnetic Ink Character Recognition. for which you have taken the loan. Mortgages are generally those assets. then the bank has the right to sell the asset (bus. Studies abroad-Maximum Rs.000: Besides parents joint borrower condition.000: Parents need to be joint borrowers but security is not required. house loan).20.g. factory etc. In case you are unable to repay the loan amount. Next three digits: Bank code Last three digits: Bank branch code 26 | P a g e .

Saturdays other than 2nd & 4th Saturdays).New Delhi (Defence Colony) then its nine digit MICR code will be 110211004 where: 110. -For transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+ Service Tax) -For transactions above Rs 2 lakhs: not exceeding Rs 25 (+ Service Tax) 27 | P a g e .30 hours(Monday through Friday and also on Working Saturdays i..50 (+ Service Tax) Rs 2 lakh to Rs 5 lakh .Interview Capsule – IBPS PO V e. Inward transactions: Free. The code consists of 11 Characters : First 4 characters represent the entity Fifth position has been defaulted with a 0 (Zero) for future use Last 6 characters denotes the branch identity e. 211. the first three digits representing the city code for New Delhi.g ICIC0000438 NEFT(National Electronic Fund Transfer) RTGS(Real Time Gross Settlement) NEFT is a payment system facilitating one-to-one funds transfer. IFSC IFSC(Indian Financial System Code) The Payment Systems such as National Electronic Funds Transfer (NEFT).For transactions up to Rs 10.e.000 up to Rs 30 per transaction. Gross Settlement: Settlement of funds transfer instructions occurs individually. the last three digits representing the bank branch code for Defence Colony. Minimum Amount: Rs. Real Time Gross Settlement (RTGS) & Centralized Funds Management System (CFMS) used IFS Codes. if you have an account with Axis Bank. the next three digits representing the bank code for Axis bank. Real Time: Instructions that are executed at the time they are received. Timings:8. For example. IFSC developed by the Reserve Bank of India. rather than at some later time.not exceeding Rs 55 Service Tax) transactions. Saturdays other than 2nd & 4th Saturdays). And 004.g.2 lakhs Maximum Amount: No upper ceiling Maximum Amount: No upper ceiling Timings:8 am to 7 pm(Monday through Friday and also on Working Saturdays i.00 hours to 16. Rs 1 lakh: not exceeding Rs 5 (+ Above Rs 5 lakh .2 lakhs Minimum Amount: Rs. no charge to be levied from beneficiaries to be levied Outward transactions: Outward Transactions: . no charges Inward Transactions: Free.Not exceeding -For transactions above Rs 10.000 : not exceeding Rs 2.e.

If the borrower fails to comply with the notice.000/. becomes non performing when it stops generating income for the bank. Reasons for Occurrence of NPAs ● ● ● Normal banking operations Bad lending practices Incremental component due to internal bank management. The Act empowers the Ban ● To issue demand notice to the defaulting borrower and guarantor. ● Competition banks are enormously selling unsecured loans Result of NPAs ● ● ● Decrease profitability. banks can become bankrupt. Increase loan loss reserves. ● Any Security Interest created over Agricultural Land cannot be proceeded with. Reduce capital assets and lending limits. calling upon them to discharge their dues in full within 60 days from the date of the notice. ● To ask any debtor of the borrower to pay any sum due or becoming due to the borrower. Once the borrower has failed to make interest or principle payments for 90 days the loan is considered to be a non-performing asset. terms of credit.for cash-based remittances and remittances to Nepal All about NPA An asset (loan) including a leased asset.1 lakh. the Bank may take recourse to the following measures: 28 | P a g e . Applicable only for NPA loans with outstanding above Rs. 3 alternatives ● Securitisation ● Asset Reconstruction ● Enforcement of Security without the intervention of the Court. If the status of NPAs in banks is not controlled. like credit policy. How to reduce NPA? SARFAESI ACT 2002 The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. ● To give notice to any person who has acquired any of the secured assets from the borrower to surrender the same to the Bank. 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. 2002 (SARFAESI) empowers Banks to recover their non-performing assets without the intervention of the Court.50.Interview Capsule – IBPS PO V Maximum amount per transaction is limited to Rs. etc.

Interview Capsule – IBPS PO V 1.Take possession of the security 2. Intangible assets . 10 Crores. computers. Manage the same or appoint any person to manage the same Lok Adalats: For the recovery of small loans. so the total value of the assets is always the same value as the total of the liabilities. eg bank or directors' loans. cash in hand or at the bank. Compromise Settlement: It is applied to advances below Rs.g. intellectual property rights (such as patents. The balance sheet is used to show how the business is being funded and how those funds are being used. 10 lakhs and above. Debt Recovery Tribunal(DRT): The debt recovery tribunal act was passed by Indian Parliament in 1993. Balance Sheet ● ● ● A balance sheet is a snapshot of a business' financial position on one particular day. both suit filed and non-suit filed are covered. machinery. finance agreements 29 | P a g e . Why it is called Balance Sheet? Because there is a debit entry and a credit entry for everything. Current assets e. at a particular date. Objective: Facilitating the banks and financial institutions for speedy recovery of dues in cases where the loan amount is Rs. work in progress.g. buildings. overdrafts or other finance ● taxes due within the year Long-term liabilities Creditors due after one year: Amounts due to be repaid in loans or financing after one year. stock. goodwill. 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. It states what assets the business owns and what liabilities it owes. money owed by customers. ● money owed to suppliers ● short-term loans. land.e. short-term investments. They cover NPA up to Rs. pre-payments Current liabilities These are amounts owed to you and due within one year.e. Contents ● Fixed assets:: Long-term ● Current assets: Short-term ● Current liabilities: What the business owes and must repay in the short term ● Long-term liabilities: Owner's or shareholders' capital Fixed assets Tangible assets .g. trademarks and long-term investments. Sale or lease or assign the right over the security 3. It provides a summary of what a business owns or is owed. fixtures and fittings. 5 lakhs.

3. registration. ● Also carries the rupee symbol of 2015 with Sataymev Jayate words printed on it.2% for current fiscal India has recovered its economy as IMF (International Monetary Fund) has termed India a ‘Bright spot’ on the global economic landscape. The Reserve Bank of India said the notes to be issued would be legal tender as provided in The Coinage Act 2011. Reliance Industries Limited is India's largest company in terms of assets Reliance Industries Limited has become the India's largest company in terms of asset with the asset worth Rs. This offer is given by corporate Affairs Minister. ● The surrounding design will consist of the picture of Sagar Samart. after dividends (if your business is a limited company). ● Colour – Pink Green ● Note carries the signature of Finance Secretary Rajiv Mehrishi.2% for current Fiscal. Arun Jaitely by a written reply to Rajya sabha. ● The currency note will contain words Bharat Sarkar and Government of India. i.e. IMF on 11th March 2015 has raised its forecast to 7. Reserve Bank of India to put One Rupee note in Circulation After a long gap of 20 years. stocks and shares ● How the business is financed ● How much capital is being used Current Banking & Finance News(March-Nov 2015) IMF raises India's growth forecast to 7.Interview Capsule – IBPS PO V Capital and reserves: Share capital and retained profits. or proprietors capital invested in business (if you are an unincorporated business) What does a balance sheet show? ● How solvent the business is ● How liquid its assets are . Reserve Bank of India has Eased the norms for Home Loans Reserve Bank of India has eased the norms for home loans for up to 10 lakh rupees by authorizing the banks to include stamp duty.68 Lakh Crore.how much is in the form of cash or can ● Be easily converted into cash. ● Bear Ashoka Pillar symbol as Watermark ● Carry a hidden numeral in the center ● Hidden word Bharat (in Hindi) will be on the right hand side of the note. and other documentation charges to the cost of a unit. one rupee notes are all set to come back into circulation. HDFC Bank launched mobile app Chillr to instantly transfer money to any person in India HDFC Bank announced the launch of Chillr. a mobile app which allows users to instantly 30 | P a g e .

Interview Capsule – IBPS PO V transfer money to any contact in their phone book. For making payments. 15 lakh flows in.ATMs. RBI grants banks freedom to fix Interest rates for term-deposits above Rs. It also offers personal accident death and permanent total disability insurance cover of Rs 2 lakh. complimentary airport lounge access. the banks might get a sigh of relief. Micro units development & refinance angency Ltd. It is a domestic debit card and will be accepted at over 190. MUDRA – Banking The Unbanked Prime minister shri. so there is no need to worry about filling up a prepaid wallet. Mudra will also act as a regulator for micro finance institutions. The card offers various benefits like 5 per cent cashback on utility bills. It is reported that this facility would give the banks flexibleoptions for increasing their transactions and show profitability-reports in the long run. SBI Launches RuPay Platinum Debit Card SBI launched a RuPay Platinum debit card in association with National Payment Corporation of India (NPCI). YES Bank launches RuPay debit card YES Bank launched the RuPay Debit Card.000 crore and a credit guarantee corpus of Rs 3000 crore.000 ATMs and one million point of sale (PoS) terminals in the country. the user will have to bring the NFC tag or the mobile phone near a device at the merchant's facility and the amount will automatically get debited from the prepaid account. ICICI launches NFC-enabled payment service 'Tap-n-Pay' ICICI Bank in collaboration with Tech Mahindra launched a payment service 'Tap-n-Pay' based on the near-field communications (NFC) technology. The RuPay card comes with a special feature for the convenience of customers that is accepted at all payment channels. The bank is launched with a corpus of Rs20. RBI notified hike in Foreign Direct Investment (FDI) cap in Insurance Sector to 49 percent The RBI (Reserve Bank of India) on 8 March 2015 notified hike in FDI (Foreign Direct Investment) limit in Insurance Sector to 49 percent from the present 26 percent. Visa and Mastercard. enabling customers make over-the-counter payments without using cash. 31 | P a g e .Narandra Modi launched the MUDRA bank in new delhi . in association with NPCI.15Lakhs RBI allows differential interest rate for term deposits above Rs. PoS and eCommerce. after giants like American Express. (MUDRA) will refinance the micro finance institutions through Pradhan Mantri Mudra Yojana. HDFC in world's top 10 list of consumer finance firms Mortgage lender HDFC has emerged the only Indian company among the world's 10 biggest consumer financial services firms. Chillr is a first of its kind application that is linked directly to the customer's bank account.

PayPal so that the Customers of State Bank of India (SBI) can now use their debit cards on PayPal for buying products from overseas websites.Interview Capsule – IBPS PO V State Bank of India launched Online Customer Acquisition Solution State Bank of India launched Online Customer Acquisition Solution (OCAS). 32 | P a g e . education loans and personal loans. Customers can even upload all necessary documents online.Branded Credit card in partnership with SBI Cards Federal Bank forayed into credit card segment through the launch of co-branded credit cards in partnership with SBI Cards. an Internet. India emerges as UK’s 3rd largest FDI source in 2014-2015 India has emerged as the 3rd largest source of Foreign Direct Investment (FDI) for United Kingdom (UK) after United States (US) and France in terms of number of projects. SBI Launches Online Forex Platform Country’s largest lender State Bank of India today said it has launched SBI eforex. RBI has made clear that this scheme is meant to be used when a company’s turnaround is being held up by the inefficiency or failure of the existing management. a Hangzhou firm in eastern China's Zhejiang province that provides security protection for financial transactions. reducing the processing time of their loan. RBI announced Strategic Debt Restructuring Scheme Reserve Bank of India announced Strategic Debt Restructuring Scheme. have developed the first automated teller machine (ATM) with facial recognition technology. a leading credit card issuer. SBI partners with PayPal The country's largest bank announced a partnership with digital payments firm. The RBI issues guidelines on Joint Lenders’ Forum ( JLF) and Corrective Action Plan (CAP). First facial recognition ATM developed in China Chinese researchers from Tsinghua University and Tzekwan Technology.based platform that enables customers to book their foreign exchange transactions online. car loans.India initiatives by putting more funds in the hands of the small entrepreneurs enabling them to boost their industries. Federal Bank Launches Co. These measure provides a more flexible process for lenders to recover bad loans. SBI signed pact with Snapdeal SBI tied up with Snapdeal for funding MSMEs will boost Prime Minister Narendra Modi's Make-in. an online platform to apply for home loans.

It aims to attract the top talent in the country by providing the finest quality of life all with integrated townships. there are skin banks in Chennai. United Bank of India’s 21. MasterCard phone app to verify online payments via selfies MasterCard is trying out a smartphone app which allows people to confirm their identity and authenticate online transactions via a facial scan.5 per cent assets are either bad or have been restructured to save them from turning nonperforming assets (NPAs). IFSC and multi-speciality special economic zone (SEZ). The users will have to download the MasterCard phone app and at checkout they will be asked to hold up their phone to stare and blink at it. This will enable faster healing and help the burns patients. Gujarat International Finance Tec-City (GIFT) GIFT city aspires to cater to India’s large financial services potential by offering global firms a world-class infrastructure and facilities. MasterCard is also experimenting with fingerprint and voice recognition. Watch banking aims to provide banking services through all wearable devices across platforms like iOS and Android. Delhi and Mumbai. YES Bank gets RBI nod to open unit in GIFT city YES Bank has received approval from the Reserve Bank of India to set up IFSC Banking Units (IBUs) in Gujarat International Finance Tec-City (GIFT). Karnataka gets its first skin bank Karnataka gets its first skin bank at Victoria Hospital. the first in the state. It works like an eye bank. and harvests the skin within six hours of death. Bengaluru. The skin bank team goes to a donor’s house when it receives word that he has passed away. The first MUDRA card was launched under the Pradhan Mantri MUDRA Yojana (PMMY). 33 | P a g e . This skin taken out from thighs can enhance quality of life for those suffering with 50%-60% burns. Currently. The card facilitates the withdrawal and use of the working capital finance by micro entrepreneurs. Setting up the IBU will propel YES Bank’s growth plans further by providing it access to International financial markets. HDFC Bank launches watch banking HDFC Bank became the first bank in India to launch Watch Banking for Apple Watch. Corp Bank launches MUDRA card on RuPay platform Corporation Bank has launched the MUDRA card based on the RuPay platform.Interview Capsule – IBPS PO V United Bank of India tops list with highest bad loans among PSUs United Bank of India is at the top in the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances.

R Gandhi panel recommended conversion of UCBs into Regular Banks To strengthen the Urban Cooperative Bank (UCB) structure the Reserve Bank of India’s (RBI) nine-member High Powered internal Committee on Urban UCBs headed by RBI Deputy Governor R Gandhi in its report has recommended conversion of UCBs with business size of 20000 crore rupees or more into regular banks. in 2004. to step up infrastructure funding in the emerging economies formally started its operations at its headquarters Shanghai. CSC. 2015 said in Ficci Event that HSBC India. Chinese Finance Minister Lou Jiwei. 34 | P a g e . solutions to banks Global IT leaders CSC (NYSE: CSC) and HCL Technologies (BSE: HCLTECH) announced the signing of a definitive joint venture agreement to form a banking software and services company. Green bond is a debt instrument with which a bond issuer gets capital while the investors receive fixed income in the form of interest. HCL form joint venture to provide technology services. HSBC India to launch “green-bonds” in India Naina Lal Kidwai. Green Bonds in India were initially launched by Axis Bank and Yes Bank. RBI to issue 10 rupee coin to mark International Yoga Day Reserve Bank of India will soon issue 10 rupee denomination coins to commemorate International Yoga Day which is observed on JUNE 21 every year. The joint venture will invest in platform modernization and product functionality enhancement and will capitalize on the proven capabilities of both companies in addressing.Interview Capsule – IBPS PO V BRICS bank opens for business in China The New Development Bank (NDB) floated by the BRICS nations. Bandhan Financial got RBI approval last month and is expected to start services from next month. The Indian microfinance company Bandhan Financial Services and Mumbai-based IDFC were the only two companies to be granted preliminary bank permits last year. world’s fourth largest issuer of green bonds is planning to launch Green bonds in India to enable fund raising for investments in environmental projects. IDFC gets banking licence from RBI Infrastructure financing firm IDFC Ltd said that the Reserve Bank of India has granted banking licence to IDFC Bank for undertaking banking business in the country. ● Yes Bank was the last bank to be set up. including India. Shanghai Mayor Yang Xiong and the bank’s President K V Kamath attended the opening ceremony held in a hotel in Shanghai. Chairman of HSBC on August 3.

The Banks Board Bureau will recommend appointment of directors in public sector banks (PSBs) and advise on ways of raising funds and dealing with issues of stressed assets because banks have a requirement for Rs. including weekends and after banking hours. ● Bandhan is the first microfinance company to transform into a bank. Arun Jaitley inaugurated the Bandhan Bank in Kolkata Finance Minister Arun Jaitley inaugurated the Bandhan Bank as a full-fledged scheduled commercial bank at a function held in Kolkata’s Science City Auditorium and on account of that India got its first private bank in 11 years. It is developed by Visa International in India.Interview Capsule – IBPS PO V Axis Bank launched the First Multi-Currency Contactless Card service in India Axis Bank launched the first Contactless Debit. has launched the ‘Smart Vault’.180. the Union Finance Minister Arun Jaitley launched two funds . India’s largest private sector bank. ICICI Bank launched locker facility named Smart Vault ICICI Bank. It is interoperable which 35 | P a g e . Finance Minister launches two funds for promoting MSMEs and Start-ups With an aim to aid small enterprises and to boost funding for start-ups in the country. Union Finance Minister Arun Jaitley announced as part of seven-pronged revamp plan for PSBs in Indradhanush (rainbow) plan. which also enables withdrawal of 15 currencies including Swiss Franc and Hong Kong dollar besides US dollar. Union Government to form Bank Board Bureau Union Government decided to set up a Bank Board Bureau (BBB) to monitor key performance pointers of public sector banks (PSBs). Euro and British Pound via Multi-Currency Forex facility. targeting the rural and un-banked areas and the other will look at general banking services.the India Aspiration Fund (IAF) and SIDBI Make in India Loan for Enterprises (SMILE) under Small Industries Development Bank of India (SIDBI). The bank will offer a contact less debit/credit cards to its 1. The bank will have two distinct wings – one will cater to the micro-banking segment. Card-less mVisa launched by ICICI Headquartered Mumbai ICICI Bank again marked its digital advancement by becoming the first institution worldwide to launch mVisa – a card-less and device-less solution friendly with mobile space. It enables customers to access their lockers in a secure lounge where the locker automatically comes up to the customer.000 crore over the next four years. Credit and Multi-Currency Forex Card in association with VISA the payments gateway company in the country. a fully automated locker available 24×7. The ‘Smart Vault’ uses robotic technology to access lockers from the safe vault.7 million premium customers.

UCO Bank lodged with highest number of NPAs As per RBI Kolkata headquartered UCO Bank named as the worst performer in public sector banks with highest number of non-performing assets (NPAs) recorded against it with gross advances ratio raised to 8. ● The payments banks would have simplified Know-Your-Customer (KYC). the state of the global economy. Japan offers to finance India’s first bullet train Japan has offered to finance India’s first bullet train with an estimated cost of Rs. 90000 crores at an interest rate of less than 1%. ● The gold deposit scheme is aimed at mobilising part of an estimated 20. RBI: Banks are free to fix Interest Rates on Gold Deposit Scheme ● The Reserve Bank of India issued guidelines for the Gold Monetisation Scheme (GMS) that allow banks to fix their own interest rates on gold deposits. ● The loan is on the condition that India buys 30% of equipment including the coaches and locomotives from Japanese firms 36 | P a g e . ● The short term bank deposits will be applicable on cash reserve ratio (CRR) and statutory liquidity ratio (SLR). ● Depositor will get an option on redemption of principal and interest at maturity. 2015 Annual Meetings of World Bank Group and IMF Annual meeting of the World Bank Group and the International Monetary Fund were held at Lima.Interview Capsule – IBPS PO V means that the merchant who is having mVisa network of one bank can able to accept payments from the other banks having that network. During the meeting the topics like international economic and financial developments. ● There is no bar for maximum gold deposit but the minimum deposit at one time should be raw gold equivalent to 30 grams of 995 fineness standards. ● The designated banks will accept gold deposits under the Short Term (1-3 years) Bank Deposit (STBD) as well as Medium (5-7 years) and Long (12-15 years) Term Government Deposit Schemes. Peru.000 tonnes of idle precious metal with households and institutions. Payments banks to expand reach of banking in rural areas: World Bank 11 new payments banks is expected to expand penetration of the banking sector in vast rural areas of the country. In this annual meeting Ministers of finance and central bank governors from the institution’s 188 member countries took part. and policies to reduce poverty and promote inclusive economic growth were. Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) norms.47% followed by Indian Overseas Bank and Bank of Maharashtra. The loan is likely to cover 80% of the project. As Per guidelines ● Banks will be free to set interest rate on such deposit.05% from 4. and principal and interest of the deposit will be denominated in gold.

684 per gram for the sovereign gold bonds for which applications will be accepted from November 5 to 20. The card was launched by Shri. ● The Fund has co-investment from the UK Department of International Development and Mumbai headquartered State Bank of India. The bullet train is expected to have speeds between 300km/h and 350km/h. 37 | P a g e . RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war The Reserve Bank of India (RBI) will shortly put into circulation Rs 5 coins to commemorate golden jubilee of Indo-Pak War 1965. the gold bond scheme will offer investors an interest rate of 2. Bank of Baroda wins first prize under Rajbhasha Kirti Purashar Scheme ● ● This PSU bank has secured the award for its outstanding performance in official language implementation under the category of nationalized banks in the linguistic region – B – for the year 2014-15. CMD of BOM on the occasion of Bank’s 81st Foundation Day Celebrations. The fund aims at providing equity partnerships for small infrastructure development in sectors like water and sanitation.684 per gram Reserve Bank has fixed the public issue price at Rs. Bank of Maharashtra launches MUDRA Card Bank of Maharashtra (BOM). S. a leading Public Sector Bank launched MUDRA Card for Micro and Small entrepreneurs to meet their credit requirement. RBI fixes gold bonds issue price at Rs 2. MD & CEO of the Bank of Baroda received the award from President Pranab Mukherjee at Vigyan Bhavan. Ranjan Dhawan.75 per cent ● Minimum limit : 2 grams ● Maximum limit : 500 grams NaMo launches “Neev Fund” in UK Nation’s first low-income state infrastructure equity partnership or Neev fund was launched by Prime Minister Narendra Modi in UK in the presence of David Cameron. ● The fund will invest in small infrastructure projects in eight low-income states. New Delhi on the occasion of Hindi Diwas. Aim : To providing an alternative to buying physical gold. The coins will be legal tender as provided in The Coinage Act 2011 and existing coins in this denomination will also continue to be legal tender. Muhnot.Interview Capsule – IBPS PO V ● ● As per Japan International Cooperation Agency (JICA) report travel between 505kilometre corridors linking Mumbai and Ahmedabad would be reduced to 2 hours from existing 7 hours. clean energy and urban infrastructure and to help small projects to raise capital in the long-term with equitable growth.2.

Interview Capsule – IBPS PO V Highlights of the Card: ● ● ● The MUDRA Card issued as a Rupay Debit Card and it is a hassle free flexible Credit Product that meets in working capital needs of Micro and Small Entrepreneurs. Does it work like RBI? RBI. Cash can be withdrawn from any ATM or purchase from Merchandise using POS machine. What are the functions of RBI? What is NABARD? Its full form and functions.00 lakh. FMC merged with SEBI Forward Markets Commission (FMC) is now fully covered by the capital market regulator SEBI after the merger. What is financial inclusion? How CRR and SLR helps in Economy? What is RTGS? If its limit is 2 lakh then for transferring money less than 2lakh what will you do? What is Ridden Lending? Phishing? How will you prevent phishing? Retail Lending? Which lending is better for Banks? Retail or corporate? What is Balance Sheet? What is Intangible asset? 38 | P a g e . It is first ever merger of two regulatory bodies. Bank of Maharashtra is offering MUDRA loans at competitive rates @ Base Rate and no processing charges are levied for the loans up to Rs 5. what will you do to bring it back to life? Define capital market and money market. FMC was a regulator for commodities markets since 1953 but due to lack of powers it led to alleged irregularities and speculative ille Questions Asked in Previous Interviews Banking Questions asked in previous Interviews ● ● ● ● ● ● ● ● ● ● ● ● ● ● What is a bank? What are the functions of bank? If you are posted in a branch with almost no progress. It became an autonomous body in 1992 with fully independent powers. Its functions and monetary policy. ● ● ● Merging of SEBI and the FMC was decided by the Congress in the Union Budget of 2014-15 SEBI was set up in 1988 as a non-statutory body for regulating the securities markets. In addition to that.

Interview Capsule – IBPS PO V ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Explain briefly about CAD and what is the current economic situation of our country? Is CAD increasing or decreasing now? And why? What is the impact of dollar outflow? Why there was ban on gold imports? Explain trade deficit. Let's say that a new bank branch is about to come up then how will you inform people about it and get customer? What are the qualities required in candidate as a PO? If one person came to you to break his fixed deposit because he needs some money what will you do? What is lead banking? What is priority sector lending? What is the procedure for granting loan? Which technology is used in banking? Payment and small bank purpose Difference between savings account and current account. What are the KYC norms? What is demat account? What is Purchasing Power Parity? What is Narrow Banking and Payment gateways? 39 | P a g e . Do you have patience to make understand him about the documents? What are RTGS and NEFT? Full form and differences. What is PIN? Can you disclose it to anybody? Do you use debit card? For what purposes? What we require to use debit card for payment? What is Indian Banking System? What is Banking Ombudsman and what is Single Window in bank? What is Cross Selling. What is the benefit of lending? How many types of loans are there? Difference between Savings a/c and Savings student a/c? What is marginal utility? What is CRR and SLR? How will you deal with a rural person if he comes to bank to open an account without any documents? What is nationalization of banks? What makes government to take up banks? What is the first quality that a banker should posses? What is the major problem that all the banks are facing? Difference between credit card and debit card? What is a negotiable instrument? How do you transfer a cheque to a payee? If you have to pass a cheque related to a customer's current account then what are the observations you will make? What is MICR? Which act is used for reducing NPA? What is draft? What is cross cheque? What is the difference between cross cheque and Bearer Cheque? If you are seated in counter then a customer comes and asks you what i have to do for opening an account then you said to him bring that document this document he doesn't understand you.

Interview Capsule – IBPS PO V ● ● ● ● ● ● ● ● ● ● What is the need for payment banks if there are other banks? What is the benefit of high CASA for banks? What is Net interest margin? What are the benefits for a bank in defining risk categories? We want to start an ATM in rural place where not even a landline connection is there then how will you provide ATM? Can u tell the antenna name using In this process? What is contingent liability? What is the use of marketing in banks? What are the differences between private banks and nationalised banks? What is mean by Cyber crime? Do you know which bank give highest interest on saving accounts and how much? Current Affairs Questions asked in previous Interviews ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● What do you know about PMJDY? Tell us something about swachh bharat abhiyan. of ministers that can be formed out of lok sabha ? Who is the HRD minister? Names of 4 Dhams and their locations also? Schemes to alleviate poverty? Statue of Unity? Who is the Finance Minister and External Affairs Minister of India? Highest Civilian Award? Second highest civilian award? What is spot fixing? Who received Nobel Prize in Economics this year and for what? Who won US Open in 2015 . Women Singles? What is Atal pension yojana and what is mission indradhanush? What is financial inclusion? When did it start? Which five year plan is going on? What is the name of India’s First Lady prime Minister? What is GDP and GNP and also the difference between both? Briefly explain Make in India? What is Sewa Kendra? What is ISIS and what’s their aim? Prime minister who never visited parliament? What is call drop and TRAI? Difference between monetary and fiscal policies? Who abolished single child policy and why? What is financial literacy? Who started "bachpan bachao andolan"? What is NITI aayog? What is current GDP and growth rate of India? 40 | P a g e . Number of lok Sabha seats? What is the maximum no. What is Bharat Ratna? Currency of China and its value against rupee.

What’s the use of your field in banking? Do you have bank account? How are you doing your transactions? Favourite subject? Tell me what are your hobbies and interests? How you are different from other candidates? Any motivational films you have seen? Why you came to banking even after having work experience? Can you distinguish between manager and a leader? Hobbies? (If reading novels)Who is the author of your 1st novel? What is the name of the novel? Did you like the novel? Did you like the banking services at your place? How do you motivate whom you're leading? Do you know about the recent controversial film? What you have done for swacch bharat abhiyan? Why you have a gap of a year after your degree? What are your top five preference banks? If you are appointed for the other bank you want to join or not? Why should we select you? What qualities do you have that others don’t? What is the meaning of your name and give synonyms of it? What is your father’s profession? Which bank is your first preference? Why you filled it? What is the importance of your village or city or town? If we withdraw money from bank or deposit then message comes at your registered mobile number. Where you came from? How many members in your family? Your Weakness and strength Why not you tried for defence? What's your target in life? Why banking? Does banking field interest you or just because your family is in banking field and You look up to them and that is the reason you want to join it? Do you watch Bollywood Movies and your favourite Actors? Tell me some news happened in 2-3 days.Interview Capsule – IBPS PO V Personal Questions asked in previous Interviews ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Your name ____ its meaning. Does it charge money for that? Don’t you think you are overqualified for this job? What is Bio metric system? What is the use of computer in banking field? Why should we hire you for this position? Interview Experiences Click here to View Shared Interview Experiences in our website 41 | P a g e .

com & AffairsCloud1@gmail.com 42 | P a g e . Contact us any time at Affairscloud@gmail.Interview Capsule – IBPS PO V AffairsCloud Specials – Check Out Our Pages Current Affairs Sections       Current Affairs 2015 Current Affairs Today Current Affairs PDF Current Affairs Quiz Current Affairs Mock Test Study Materials PDF Subject-Wise Quiz Sections     Reasoning Questions Quantitative Aptitude Questions English Questions Computer Questions Study Guide Sections      General Aptitude Reasoning Letter Writing Math Tricks Computer Awareness GOOD LUCK WITH YOUR EXAMS!!! Suggestions are welcomed.