Banking System In India For Bank Interview

The first, the oldest, the largest, the biggest, get all such types of

informations about Banking in India in this section.

The first bank in India to be given an ISO Certification
-Canara Bank

The first bank in Northern India to get ISO 9002 certification for their selected branches
-Punjab and Sind Bank

The first Indian bank to have been started solely with Indian capital
-Punjab National Bank

The first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act
-South Indian Bank

India's oldest, largest and most successful commercial bank, offering the widest possible range of domestic, international and NRI products and services, through its vast network in India and overseas
-State Bank of India

India's second largest private sector bank and is now the largest scheduled commercial bank in India
-The Federal Bank Limited

Bank which started as private shareholders banks, mostly Europeans shareholders
-Imperial Bank of India

The first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974
-Bank of India, founded in 1906 in Mumbai

The oldest Public Sector Bank in India having branches all over India and serving the customers for the last 132 years
-Allahabad Bank

The first Indian commercial bank which was wholly owned and managed by Indians
-Central Bank of India

Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open a branch

outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974.

The following are the list of Public Sector Banks in India

Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank

List of Private Banks in India

Bank of Punjab
Bank of Rajasthan
Catholic Syrian Bank
Centurion Bank
City Union Bank
Dhanalakshmi Bank
Development Credit Bank
Federal Bank
HDFC Bank
ICICI Bank
IDBI Bank
IndusInd Bank
ING Vysya Bank
Jammu & Kashmir Bank
Karnataka Bank
Karur Vysya Bank
Laxmi Vilas Bank
South Indian Bank
United Western Bank
UTI Bank

List of Foreign Banks in India

ABN-AMRO Bank
Abu Dhabi Commercial Bank
Bank of Ceylon
BNP Paribas Bank
Citi Bank
China Trust Commercial Bank
Deutsche Bank
HSBC
JPMorgan Chase Bank
Standard Chartered Bank
Scotia Bank
Taib Bank

Upcoming Foreign Banks In India

By 2009 few more names is going to be added in the list of foreign banks in India. This is as an aftermath of the sudden interest shown by Reserve Bank of India paving roadmap for foreign banks in India greater freedom in India. Among them is the world's best private bank by EuroMoney magazine, Switzerland's UBS.
The following are the list of foreign banks going to set up business in India
Royal Bank of Scotland
Switzerland's UBS
US-based GE Capital
Credit Suisse Group
Industrial and Commercial Bank of China
Merrill Lynch is having a joint venture in Indian investment banking space -- DSP Merrill Lynch. Goldman Sachs holds stakes in Kotak Mahindra arms.
GE Capital is also having a wide presence in consumer finance through GE Capital India.
India's GDP is seen growing at a robust pace of around 7% over the next few years, throwing up opportunities for the banking sector to profit from

Answering Some Commonly asked Bank Interview questions

Here we are listing some topics that are being asked in the currently on-going Interviews of IBPS qualified candidates for PO and Clerical Posts. As per response received from our readers, now a days banks are frequently asking mentioned topics.

• For Clerical Posts - Questions about Your Local Language are being asked very frequently.
• You must know basic GK about your state (Or the state from which you are appearing if its different from your state) such as Important People (Governor, CM and Others), Number of Districts.
• Questions about the bank for which you are giving The Interview - Headquarters, Type of Loans it gives, Key Poeple etc.
• Questions from your Family and Educational Background.
• Basic Financial Terms - Bill of Exchange, Cut Motion, SLR, CRR, banking Regulation Act, Money Laundering, Financial Inclusion Etc.
• Important People of India - Chief of Planning Commission and Election Commission Etc. CM and Governors of All States.
• Inflation / Current Slowdown in the economy and Your ideas on how to tackle them.
• Questions from Your Resume.
• Why you Chose banking ?
• Where you want to see yourself after 5 Years?
• RBI's Role in Economy.
• If you get a better job in Public Sector (IAS/PCS Etc.), will you leave us ?

And the List Continues..
If you have had a banking Interview Experience recently, share with us to help others and we will mention your name along with it.
Here we are providing some Standard questions that should be prepared well by the candidate as they play a crucial role in letting the interviewers know that the candidate is suitable for the job or not. Here we have compiled some of these commonly asked Questions with suggestions on how to answer them.

Question :- Tell us Something about Yourself.
How to Answer :- This is usually the first question asked in Interviews. You should not read all the data in your resume and also do not go too deep about telling about your parents, village and grand parents etc. For example, avoid answers like- "My village name is XYZ which come under XYZ District. My school name was XYZ school which was the biggest in district with 10000 students......"
Be natural and calm. Speak Slowly and Tell them about your strengths, achievements and passions etc. This question should not take more than 3 Minutes to be answered. Keep in mind that they know that you are capable as you have already cleared the written test, now you have to show them your suitability and genuine desire for this job. So mention your strengths and interests that are related to that job. Doing a brief research about that Bank/Company before the interview is advised. Remember that at the end of the day you have to make the interviewer feel that you are the right person for this job.

Question :- Why should we Hire you in our Organization?
How to Answer :- The Interviewer wants to know your suitability for the job so in this question you should tell about your Strengths and achievements so far. You should mention your strengths so that they would come to know your fitness for the job. Do not say something which is not true about you. Remember that the Interviewers are very Experienced and they will realize if you are saying truth or just trying to Outsmart them. Avoid using phrases like "This is the Best Company" or "I want to work in this field."
Instead, try to mention good things about you that are related to that job and this will surely prove your usefulness.

Question :- What are your Strengths and Weaknesses ?
How to Answer :- This is again a very commonly asked question. The Interviewer here wants to analyze how much you know of yourself.
Strengths:- You should mention your strengths that are beneficial for them. For example, It should not be like "I am a very good cricket Player", Rather you should focus on strengths that are related to that job. For example, "I have good communication skills" Or "I Like Interacting with people" Or "I am good at a analyzing Problems and working in a team to find out appropriate solutions".
Weaknesses :- You should not say that you do not have any Weakness. It shows that either you are Overconfident or have not assessed yourself and don't want to talk about it.
Similarly do not say phrases like "I am short tempered" Or "I get angry very soon and can do anything in anger". Rather you should genuinely mention the areas that are related to your professional life and you are trying to get better at them.

Question :- Where do you see yourself after five years from now?
How to Answer :- Here The interviewer wants to know your knowledge about career path in the job and what is your level of commitment to the job they are offering.
It should be answered realistically. Example of a horrible answer is "I will be in your seat after five years". Rather you should answer in such a way that ensures them that you are interested in making a long-term commitment towards the job and will have a long term and mutually beneficial association with them. For example "I am definitely interested in making a long-term commitment to my next position. This is exactly what I’m looking for and what I am very well qualified to do. I will do my job to the best of my ability and i am prepared to learn new things and contribute to the overall success of the organization in a number of ways. I am confident that here i will have opportunities to advance my skills and provide best of my services to the organization. "


Question :- Why did you choose to work in a bank?
Or
Why you want job in a government bank when you can get better salary in private jobs?
Or
Why you want a Clerk Job in Bank after doing B.tech.(Engineering)?
How to Answer :- These are very common questions and are asked to almost 90% of the candidates. Here The interviewer wants to know your level of willingness of working a in a bank.
Never straight away say that "I did not get a job in Private sector" or "There is lot of stress in Private jobs and government jobs are less intense and more flexible."
Rather you should answer realistically to show your genuine desire of working in a bank. If B.tech graduates are asked about opting for a bank job after engineering, they can say " Uncertainity of future and growth in IT Companies due to recent turbulence and high recent growth in banking sector." You should manipulate your answer to prove that your engineering degree would be beneficial for you in interacting with people and creating more business relationships for them.
 

Question :- Answering the Puzzles type Questions!
How to Answer :- Although these are not so common, but may be asked to anyone in an Interview. Here the interviewer doesn't really want to hear exact answer from you rather they want to see if you are able to analyze the correct problem or are you just trying to hurry up without taking the time to analyze and putting some effort. They just want to see your practical approach that will be useful during you job period.
So If asked any puzzle type question, you should not Hurry up in telling the answer even if you know it. Even if you do not know the answer (and even can not find the answer), do not hurry up in saying NO. Rather you should draw the picture of problem on a paper(even if you know the answer) and take some time to analyze it (ask them if you do not understand it correctly). It will make them feel that you believe in analyzing the client requirement before reaching to any conclusion, which is a must.
So you should answer these questions by taking time, drawing it and asking them for clarifications. This will surely fill the interviewer's purpose.


Question :- Answering the Technical questions and questions related to some current scenario?
How to Answer :- Although asked rarely, but one should also prepare some topics related to banking terminologies such as Repo Rate, Reverse Repo Rate, Cash Reserve Ratio, SLR (Statutorily Liquidity Ratio), Bank Rate, OverDraft, Prime Lending Rate, 3G Spectrum, RBI, ATM(Automated teller machine), Capital Adequacy Ratio - CAR, Questions on IPL Winners, and Many More..(Click here to download Word Document containing common banking terms). Also, chairman of some main banks in India such as RBI, SEBI etc. should also be known.

Remember that although you know these terms and current affairs related to banking and common issues, yet these questions do not play a big role in determining your selection or rejection. Even if you do not know an answer, genuinely say "NO Idea Sir!" rather than wasting time and trying to fool them with random answers, It's just not worth it!


Although you should not memorize any of above sample texts and should say it in your words to convey the idea which is to prove your usefulness!!.This will surely make them believe that you are a fit for this job!!

Although we've presented comprehensive list of commonly asked questions but still the list is endless and you may be asked anything other than these. To succeed, you should keep in mind that you have to sell you professional side, show them that you are useful and you will surely be Hired!!

Importance Of IBPS Exam For Bank Jobs.

Banking sector is a fast growing public sector now a day. it gives job opportunities to many applicants every year for various posts in India. Now a day it becomes one of the first choices of the graduate’s students in India. A lot of individuals are Appling for it. The recruitment process is very tough and the selection rate is very low in India no of vacancies are less in comparison to no of applicants so it makes it a stiff competition for the candidates appearing for the exams. It is very difficult task to select the most capable persons among thousands of candidates. It is also a tough job to conduct exams every year for thousands of candidates. However, IBPS is a solution to this problem faced by most public sector banks. It is an autonomous body that recruits individuals for various posts in public sector banks of India. This year, for the first time it is conducting CWE (common written exams) to recruit candidates for the post of Bank PO. The IBPS exam is very relevant process to recruit most capable person or candidate for the banking jobs. There are 19 public sector banks are associated with IBPS exam. After clearing the exam, they will get a score card. After it whenever vacancies open in any 19 banks involved in it, the successful candidates can directly go for interview state with this score card..

IBPS helps in bank recruitment for various public sector banks. Common written exams (CWE) is another effort by IBPS to recruit candidates easily for the 19 public sector banks connected with it