IBPS PO Interview Real Experience January 2014

IBPS PO Interview Real Experience January 2014

Name : Brajesh Thalakoti

Education : B.Tech EEE (2013 Pass out)

Date : 02-01-2014

Venue : Andhra Bank Head office, Pattabhi Bhavan , Saifabad.

Panel : VI

Time : 8.30am

Certification verification completed at 12.00pm, waited for the interview and my turn came at 12.40pm.
Opened door and asked permission to come in, they asked me to come in. Entered room, Wished good afternoon sirs and also belated happy new year. They said thank you and smiling. Take your seat.
Me: Thank you sirs and sat down.
There are four members in the panel, M1,M2,M3,M4.
M3: What’s your age?
Me: 21 sir. You are looking as if you are just coming from high school. Me and all smiling.
M3: You are 2013 passout right? Which branch?
Me: EEE sir, Electrical and Electronics.
M3: Do you read news paper?
Me: Yes sir.
M3: What are today’s news?
Me: India has cancelled Augusta-Westland deal.
M2: Why did they cancel?
Me: I din’t went through In detail sir.
M3: Some one might have told you headlines..
Me: No sir, I read The Hindu, as I’m coming from warangal today, I dint get into detail.
M2: Ok. Tell me yesterday’s news?
Me: Editorial on Arawind Kejriwal’s water promise, he promised to give 700litres and implemented it by giving 666liters for house hold having pipe connection.
M3: Do you think is it correct?
Me: yes sir, but he had promised only to those who have connection, but didn’t take into consideration about other people.
M3: But, how can he give water without pipe connection?
Me: Yes sir but he should improve network in those areas such that all people will be able to receive water, also his condition that whoever uses more water should pay amount for the total water used is also good because that inculcates saving habit.
M3: Ok, What other promises did he fulfill?
Me: To decrease power tariff by 50% and implemented it.
M3: Do you think it is correct?
Me: Yes sir, it is correct.
M3: Who will pay the remaining subsidized amount?
Me: State govt. It’s Tax payers money.
M3: How this scheme is correct then? For example per unit cost of 6/- is fixed na?
Mean while he got a call on his mobile and informed M2 to follow.
Me: Sir, per unit cost is fixed depending upon cost of production, distribution and wages all taking into consideration, the distribution companies have shown irregularities in those, showed high costs thereby increased per unit cost. So he approached CAG, and they accepted to audit them, so after audit per unit cost will be decreased and burden will not be on tax payers.
M2: Ok. In rural areas we are giving loans to agriculture and they are not repaying and we are incurring losses. Should we stop lending them?
Me: No sir, we shouldn’t stop lending, because agriculture is priority sector and it is back bone of our country, so we shouldn’t stop lending them, they are unable to repay because of droughts and floods.
M3: Don’t you think there are willful defaulters?
Me: Yes sir, some may be.
M3: Then we should stop lending to agriculture?
Me: No, sir, because of some willful defaulters we shouldn’t stop lending to whole agriculture as it is priority sector, but willful defaulters should be stringently punished.
M2: Ok, what is priority sector?
Me: It means which fulfill basic human needs and essential one’s and agriculture, education, micro enterprises come under priority sector.
M2: Who is an NRI?
Me: NRI means Non Resident Indian. He may be a indian person living in a foreign country or indian origin person born in foreign country…Sorry sir I was not sure.
M1,M2: Ok…
M2: Recently rupee value has depreciated why?
Me: Due to Current Account Deficit.
M2: What Is Current Account Deficit?
Me: The difference in exports and imports for example we import gold and crude oil, we have to pay them in dollars and our foreign exchange reserves are decreasing and we have to buy dollar from outside, so there will be demand for them thereby increasing their value and subsequently decreasing rupee as it will become costlier to buy dollar.
M2: Ok..Do you know about food security bill?
Me: Yes sir, it gives food security to 67% of the indian people of them 75% are rural and 50% are urban. In this year some 120000 crores are kept aside for their incremental cost.
Now they are asking M4 to ask.
M4: What’s your specialization?
Me: EEE sir,
M4: You are B.tech. Then why did you choose banking?
Me: Sir, it all started when I was in B.Tech 3rd year, I developed interest towards banking and finance, so I thought MBA in finance will help me and prepared for MBA entrance exams for an year, but due to changed financial circumstances I have to take up job, anyway after joining job I will join an MBA degree through distance education so that I can fulfill my interest.
M3: Your name is Brajesh. Are you from AP only? What is meaning of your name?
Me: Im from AP only sir, it is one of the many names of Lord Krishna.
M3: Ok, You are from Warangal. What are famous places in Warangal?
Me: Sir Kakatiya’s has ruled warangal and left some master pieces like Ramappa Temple, Thousand Pillars temple, Fort Warangal…
M3: Recently some festival happened in warangal?
Me: Sir its Kakatiya Mahotsavas closing ceremony.
M3: Did you attend it?
Me: No sir, at that time I was in Hyd and din’t attend.
M3: Hyd is near only, you should have attended it.
Me: I was unable to attend it, but I had attended the inaugural ceremony of festival.
M3. Ok..Eat well, if you get posting in Rural areas it will be problem for you to cooking and all.
Me: No problem sir as my Hobbies are cooking also,
All laughing and told me that’s all from our side, Wished them Thank you and left the room.