2014 Real IBPS PO 3 Interview Description Faced By Candidate
Hello friends,
This is PRABAKAR from chennai an engineering graduate and also i have work experience in private BANKING SECTOR for 2 years. I attend my interview today (7th JAN 2014) at IOB cathedral road branch, chennai and assigned for panel 3 in morning shift. As i am a general candidate the Document verification tooks just 5 minutes. I was penultimate in my slot.
I entered the room by greeting everyone. There were 4 panel members all in their age of 50+ They offered me sit and i told thank you and grabbed the seat.
INTERVIEW BEGINS. Here it goes,
1st question from M2: So Prabakar, what is the meaning of your name is it name of any god.
ME: ya sir its another name for lord Shiva in Sanskrit and meaning praba is light and karan is giving it means spreading light
M1: OK you are an experienced person so you are going to face tough questions
ME: Am ready sir.
Again M2: why you switch from private sector to public sector bank (expected question)
ME: Better career aspects, JOB security, transparency in promotional, growth and work environment is good comparing to private sector and performance of an employee is measured only through SALES in private where in public sector they go for all criteria.
M3: Do you know what is the current share prices of bank you left
ME: i don't know current list but year ago it was Rs.1034.
M2: Do you own any shares now
ME: No sir i have closed it
M1:Why you given Indian bank and IOB as top preference (after looking my Application print-out)
ME: sir, I Know these 2 banks from my childhood and these banks have good fame in our locality, and my parents depends on these banks for all their basic needs
M3: (interrupted) how often your mother uses the bank
ME: sir, As my mother is head of SHG she makes a frequent visit apart from that she pledges jewels too.
M3: How will you a settle a deceased claim.
ME: Obviously we look for whether nominee is mentioned as it will be a easy process he can claim the amount by producing death certificate and ID proof in case if it is not go with Legal heirs.
M4: what is FINANCIAL INCLUSION.
ME: Offering banking services at affordable cost to rural people and poor households. RBI implemented various schemes like BSBDA, and Swabhiman, Business correspondent etc.,
M3: BSBDA? how is it effective
ME: Sir its Basic saving bank deposit account. RBI empowers weaker section of the society like daily wages, vendors,to open zero balance account even in foreign banks like CITI, HSBC, etc., M4: good, good.
M4: what is Equitable mortgage.
ME: some how i vaguely recall the answer. but why to take a chance in interview so i told i know about mortgage but never come across the term Equitable mortgage.
M4: Explained Equitable mortgage (But cant understood simply nod my head )
M1: What is Recession
ME: If there is negative growth in GDP and it continues for 3 to 4 quarters continuously we call it as Recession.
M2: Do you have the have the habit of reading newspapers
ME: yes sir
M2: What are main events took place last month
ME: Death of Nelson Mandela, mistreating indian consulate devayani khobragade, AAP, Arvind kejriwal,
Indians defeat in SA tour.
M2: Thats it..!
ME: There are lot sir but thats what i can remember
M3: Will you work if you placed in Rural India.
ME: Ya sure sir. comparing to urbanites People in rural areas show good respect and interact much with banking
professionals i too feel good if i am exposed to outside world.
M4: Tell me difference about NEFT and RTGS.
ME: Sir RTGS happens at real time and minimum amount is 2lakhs. whereas in NEFT there is no such condition but transaction in NEFT takes place at batches. There are also some new feature included in RTGS like grid-lock mechanism, multi-currecny option, future value dated transaction
M3: Ok. Best of luck
ME: Thank you very much.
Guys please be cool and confident. I guess you can get a idea .Do well guys
Please record your valuable comment friends.
yours friendly,
PRABAKAR.K
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