IBPS Bank PO 2013 Real Interview Experience
Hello Friends, my name is Bhanupriya Vishwakarma and I have completed MBA in finance and also I have Banking Experience of about 2.5 years. I had my interview yesterday at Mumbai ( Bank of Maharashtra, Bandra East). I was assigned panel IV for interview in the afternoon shift. I reached the venue and was made to wait till 3:30 pm. Then I was called for document verification which went on smoothly. I was required to produce my experience letters, all semester marksheets, degree certificates, Photo ID and Application Print out. They called me for interview by 4:30 pm and was last in my slot.
I opened the door without making any noise and glanced inside seeking permission to come in. They called me in. There we four panelist which included 3 gentlemen and a lady. I greeted the lady first and gentlemen later with a smile. They all greeted back. They asked me to sit, I sat and thanked them for offering a seat.
Then the interview began.
M3- So Bhanu, what does your name mean ( He asked me in hindi, bhanu ka kya matlab hota hai?)
Me- I replied in Hindi that my name means Sun but Bhanupriya Means Laxmi.
I saw him noting down something in his notebook.
M2- You have done your graduation in Chemistry and done post graduation in Finance, why so?
Me- I replied I received no guidance as a child but as time went by I started to realize that I am more inclined towards managerial science. And hence I took the decision to pursue management as masters.
M2- You have more than two years of work ex in private banks. Why do you want to switch to public sector banks.
Me- I am looking forward for working with public sector banks as they can provide me with a fair and decent chance to grow. They emphasize on knowledge building through exams like JAIIB, CAIIB. Promotion process are transparent where as same is almost absent in private banks. Also work environment is better as compared to private counterparts be it timing or leave policy.
M2 then tossed a technical question. He asked me about CASA.
Me- CASA is the bread and butter of banking industry. It is the day end balance of all savings and current accounts in the bank. The stronger the casa is, the more is the lending capacity of the bank.
M2- But dont you think that cost of funds is more. The operational cost in serving these accounts is much more than the interest they earn. ( It was followed by a very long elaboration)
Me- I understand sir. But still I believe that the interest income of banks is more than operational expenses. Economies of Scale comes into effect. A branch which serves 100 accounts with 3 people can be used for servicing 300 accounts. So if we can increase the CASA base, banks will grow stronger. Operational costs will come down if we serve a larger base. Hence cost of funds will come down. ( I think he was not convinced but I showed no sign of losing my confidence)
M3- What is KYC? ( Asked in hindi)
Me- Documents which we collect from customer regarding his identity. ( I thought by replying know your customer, he will say that he already knows the full form so I went ahead with details, then he asked the full form. I replied Know Your Customer")
M3- What all documents can be used for KYC
Me- Replied.
M3- You know about AML?
Me- Anti Money Laundering.
M3- What is it?
Me- It is an act used to prevent and track suspicious transactions.
M3- What are suspicious transactions.
Me- Transactions of Rs 10 lac or more of which the source of funds are unknown.
M3- Unknown?
Me- Illegitimate ( he was trying to hint me..then I gave the answer terrorist activities) Then he looked convinced.
M3- If we post you into any interior location, will you be able to go?
Me- Definitely Sir. And thats why I have come here.
M3- How will your husband be able to live here ? ( He smiled and asked)
Me- He can get a maid to cook food. ( I smiled and then everyone laughed).
M2 to lady panelist- Aap kuchh poochna chahte ho ? ( You want to ask something?) She was going through my documents and asked what my designation " Product Support Executive" Meant.
Me- Replied.
M4- Do private banks give no weight age to JAIIB CAIIB?
Me- No Ma'm. Not at all. Sales is of prime importance there.
Then they thanked me and I smiled and thanked them instead. and left the room and closed the door.
What do you think friends about the interview. Do let me know.
No comments :
Post a Comment