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Disclaimer : This article is taken from the site www.gktoday.in & it is not my own creation.
Six Myths of Banking Interviews: To succeed in your interview, you should be able to remove the following misconceptions or myths about the bank interviews: •
Myth 1: Only Aggressive Candidates Are Selected: This is a false notion of many of the candidates that- to impress the interview board, one has to be aggressive. In the interview, your attitude, your confidence and sincerity with which you communicate matters only. Many Candidates commit the mistake of showing off their shallow knowledge or even negative frame of mind while being interviewed.
Myth 2: Speak More To Win In An Interview: Speaking more does not mean more chances of success. Some candidates have a habit of stretching a topic, unnecessarily sometimes. While speaking shows your depth of understanding a question, speaking more than necessary will make you face cross questions.
Myth 3: Project Yourself In Style To Impress The Interview Board The bottom-line is to BE YOURSELF. Don't make an effort to project what you are not. What the interviewer is looking into you, are the traits of an employee, who once selected will be an integral part of the banking organization.
Myth 4: Interview Board Has A Formal Atmosphere: The reality is- in most cases the interview board has the casual atmosphere to provide the candidates. The board is interested in knowing your attitude and approach towards men and matters along with your outlook on life and your reaction to certain situations.
The board is keen on judging the real persona in you and brings the best out of you.
Myth 5: In Bank Interviews All Questions Are Related To Finance & Banking: In Bank interviews not all questions are tricky and based upon finance and economics. While the board looks for a flair of finance, business and economy in
one may watch your body language and confidence level. These questions cannot be prepared by a predetermined script. cross selling. Similarly. they can ask questions from every branch of activity including political. they may ask you some basics of banking. kids if you are married. Apart from this an insight into economical topics like demand. yet you are not expected to know the answers of very difficult questions such as various articles of negotiable instruments act or RBI act etc. your marital status. Next one or two questions may be related to your family background such as your parents and siblings. depth of knowledge and attitude of the candidates. • Myth 6: It’s a good idea to prepare with pre-scripted questions: It’s not at all a good idea to go to an interview with a pre-determined script of answers. Basel-II. latest rates and their impact on economy. • Number of Questions: In most interviews the number of questions ranges from 10 to 15 questions. • • The first usual question is "Introduce Yourself" or "Tell me something about you". retail banking. liquidity adjustment facility. markets. Universal banking. bank marketing is also required. While 3 or 4 of them ask you questions. narrow banking. banking sector. micro-finance. CRAR. difference between them . services industry. you should know some basic definitions and terms related to banking like repo rate. if you are appearing in a Bank PO Interview.the candidate. If you are appearing for a Job Interview of a Clerical Post . mobile banking. base rate system. reverse repo rates. Understanding Basics of an Interview: • The Interview Board: In most Bank Interviews the panel is of 3-5 members. Basel-I . economical to cultural and scientific. competition. financial inclusion. open market operations. The initial 2-3 questions are to judge what you are. role of RBI. • The Duration of Interview: Most bank interviews run for 5-15 minutes depending upon the response. . they won't expect you to be a financial expert. social . However . supply. their application by RBI. difference between a commercial bank and cooperative Bank.
(B) Banking Topics: some most commonly discussed topics are: • • • • • Types of banks Functions of banks. Investments. For example. remittances. Various Loan Products. Over seas banking and home banking. The best available source online for the above topics is RBI Common Man Site Some Interview Questions have been posted in GKToday site as well. Plastic Money & Credit cards. products & services. futures and forwards. challenges of Internet and mobile banking. personal banking. Some basics about capital markets. What Topics You Should Read? While there is no prescribed manner in which you should prepare for the interview questions. Some common questions are " why you want to join banking? " or "You are in marketing why don't you look for a marketing job? " or "You have done an MBA. Money markets. bank services. Advances. Different delivery channels. Financial Inclusion. Cross selling and up selling • • • • RBI & its functions. here are a few suggested topics that you should go through. Internet banking. they may ask you whether it will be suitable for you. bank customer care. Options. Loans. brands etc. merchant banking. Locker facilities. why you want to join banking industry Now? " • The questions on your adaptability are thrown to you to judge whether you are fit for changed circumstances. present organization. Checks. to join a rural branch of the bank? Girls may be specially asked if they are ready to live away from their families. Credit rating. Mobile • Banking.• Next few questions would be aimed to judge your suitability and adaptability to the job. Financial Literacy. Difference between various types of banks. Retail banking. RTGS Collection of Bills. (A): About your bank You need to go to the website of the particular bank for which you have applied and spend some time reading about its history. Types of accounts. deposits. profile. .
A little bit imagination and creative answers can help to win the heart of the interviewers easily. The questions that follow may arise from your answers. villages still lack of the basic banking services. The possible right answer would be . Biology.being a student of history. Next question may be asked on financial Inclusion or financial literacy or about a village branch and your working in that branch. Commerce and Economics background students to easily correlate their academic background to the banking career. Before you start preparing. The geographical distribution of population is uneven and so is banking. They may also put some hypothetical questions. The interviewer puts next question Ok. a candidate while giving an introduction about himself / herself mentions that he / she has done BA in History.Handling Cross Questions on Academic Background: Usually the first question is about you. While it’s bit easy for a students with Management . how you shall correlate your subject history to banking? This is a typical example. now you have decided to join banking industry. Chemistry And Physics Subjects. I understand the historical aspects of the present economic scenario of our country. you should give a thought on possible cross questions that may be asked. Geography. • For example . Sociology. Literature. Psychology.the student with Geography background would co relate his subject to banking in this way: "Our country is 7th largest country in the world and second largest by population. For example. India has been subject to exploitation by the foreign powers for centuries its impact is still reflected as widespread illiteracy and poverty in rural areas. While there are good banking facilities available in the bigger towns and cities. its bit difficult for graduates from History.Philosophy. " . Home Sciences.
• A science student can correlate his own academic subjects with banking by mentioning the impact of the information technology & science on banking. -how to achieve 100% financial inclusion -How to end terrorism -How to make India corruption free . • Typical Question: Will you join if you are appointed to serve in a remote village branch? This is a very common question. yet to tell the interviewer directly that you are joining the bank for a job security would leave a negative imprint. you are looking for a challenging job profile which makes you integral part of the growing financial system of the country. The best answer would be : Yes.• A student with sociology background can easily correlate the banking to his / her academic career by giving an example of social & cultural diversity and demographic distribution in the country. In most cases this question is asked to judge your adaptability. These types of questions may be related to social and political problems of the country as a whole. Tell that apart from a secure job. The answer has to be YES in any case. For example they may ask you -What is Naxalism and how to get rid of Naxalism. but for me my career is more important and after all i am doing for the sake of my family. • Typical Question: Are you joining the bank for a Job security? This is a common question. you will be further told that you will have to leave your family will that affect you. Of course everybody knows that bank jobs are secure jobs today. • Handling Hypothetical Questions: Sometimes a hypothetical situation is given to you and the interviewer may ask you to suggest a strategy. I am ready to join a village branch because it will give me more responsibilities and work experience. as any ifs and buts will give a negative impression. A psychology student can correlate his / her subject by discussing about the customer service. If you are married. Your response has to be: Yes it will affect. customer profiles etc. mostly asked from Girls / ladies/ married people.
You may also mention your university / college and your last company where you worked. problems of growing children if you are married. serving wife. However the idea of the interviewer is to judge your depth of current affairs knowledge and your perception / opinion about the socioeconomic conditions. However if you don’t find it suitable to read editorials and columns then here is a short cut trick to develop your opinion: Every news paper has a “Readers Letters” column on its editorial page.-How to make people financially literate -How to eradicate poverty from India -How will you compare India and China's economy? -What is America's role in India's politics / economy? -What will be your role to bring more business to your branch? -How you will improve the marketing strategies of your bank? the list is endless.. Just go through all “Readers Letters” everyday and you will easily develop your own opinion by reading other people’s opinion about a particular topic • Typical Question: Introduce yourself / Tell something about yourself? You have to tell your name and place where you live. Choose a Newspaper with more number of “Readers Letters”. for Managerial Jobs the number of hypothetical questions may be more. • Your Family Background: This question may or may not be asked.. • How to make your own OPINION on socio economic issues? The people who regularly read newspapers. parents who are old and need . Please note that for clerical posts. These are ubiquitous problems and even the political powers are unable to solve them. Your last degree/ job. • The questions depend upon the mood of the interviewer and also the background. You may or may not mention your family background.. Sometimes they ask you to judge your social and cultural values. • How to Handle Such Questions? The examiner does not expect a solution of a socio economic problem. No need to tell your date of birth. particularly editorials & columns can express their opinions about the social and economic issues. attitude of the candidate. dislocation on appointment or promotion. there are more direct questions..
You need pressure to work more. If you exaggerate about your own business and give an impression that you are from a rich family . Never discuss about addictions if you have any. • Why You Should Be Selected And What If Not Selected? You have to tell them that you prepared honestly for your selection and confident of your success. If nobody from services background and you belong to a moderate business family. you must mention. If any of your parents / siblings is in Service Industry. tell them briefly about your family business. They don't hire people with expensive habits. Mention that you cannot work without pressure.why don't you join your family business? A responsible and just answer is expected. • Why you want to shift your job? If you are already in a job.care. If you have some weakness which may affect your job. bold. extrovert.it will be a negative imprint. you may expect this question. Talk about India's recent trends in Banking. be careful about your weaknesses. don't tell them that you don't enjoy field job. you mention that office politics makes you nervous and reduces your productivity. If you are in sales. • Please Note: You have to be careful about your family business because next question may be . • Why do you want to Join Banking Sector? Don't tell them that you are looking for a safe job. You should be selected because you have sincerely done your . For example. Tell a weakness that indicates a strength. The answer may vary from person to person. Good food may be your weakness which does not affect your professional life. one of the fastest growing sector. They look for ambitious people and so tell them that your ambitions can be fulfilled in banking industry. Tell them that your past job was not challenging and was a mere typical 10 to 5 job which you did not like. but you should not complain about your past job. • Your Strengths And Weaknesses? While you are free to mention any of your strengths including you being a adventure lover. you will not be hired. sociable and its easy for you to win friends. Mention that it is a challenging industry. your past boss or company.
If not selected? Tell them that you are going to reappear in the exam with more confidence. you MUST know something about the music you love. Don't answer in Hurry 7. Be neutral to Sensitive issues 6. . Be honest with your Country and your countrymen. you may be asked about particular books you have read.duty to prepare for the written exam and clear it with your own perseverance. Be neutral to political parties / 9. that you will again prepare and re appear whenever a similar vacancy exists in this bank or another bank because you have finally decided to join Banking sector only. Put some counter questions if you feel so 4. Be confident 2. books. Further. if the interviewer persists on your not getting selected tell him . if you tell. • Tackling Hobby Questions: Hobby questions must be answered carefully. Next question may be about a newspaper / magazine you like. Its not correct to say that people with outdoor activities as hobbies are preferred. Mention that you are 100 % confident about your success. Don't tell them directly. Believe in yourself 3. If you tell them that you love Indian classical music and don't know about Pandit Jasraj this means you are telling a lie. Practice Before Your Interview 8. This is because the hobby related answers always give rise to cross questions.. reading is your hobbey. • What will be your Reaction if selected / not selected? If selected you will be happiest person because you are going to join a professional organization. Agree or disagree with the interviewer 5. • How did you prepare for this interview? Tell them that you prepared reading various newspapers.. you should have a general knowledge about your hobby. Similarly.Sincere people never fail. In other words. For example if you said that you love listening to music. Be sincere. 10. • Finally 10 Keys to get Success: 1. what you will do if not selected.
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