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Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)

25 November 2010

Hi All,

One of my Friend is Preparing For Interview in Banking Industry

So what would be the Expected Questions according to you?

Please Post your Opinions

Regards

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15 Replies

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 25 November 2010

He is PCC Cleared Student ( presently doing Articleship).

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 25 November 2010

Not sure about the questions to be asked...However my reply to her through PM was as under:

"Simply convey to them that u r an honest person, always willing to learn new things....and this banking business is not an exception to your attitude...you can also excel in banking...if they r sincere...they'll understand your worth. All the Best"

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Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 25 November 2010

Thanks Dear Ankur sir for your Suggetions...

(Guest)

i guess the questions will be related to rates like CRR,SLR etc.

may be they can ask him how he'll do bank audit if he'll be given a bank audit?

Whats a CA'S role in banking industry?

etc etc and etc

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(Guest)

Banking interviews are meant to gauge the potential of the candidate to see if he/she has the skills to be placed in any suitable post in the bank. Banking interview questions are meant to measure the attitude, skill and adjustability of the candidate, to draw a conclusion on his/her suitability in the firm. The interviewers will ask as many questions they think is necessary before recruiting any candidate as they are concerned with the fact that the quality and skills of the employees will determines the future of the company.

General Questions

Why did you choose banking as your profession?
Do you have any previous experience?
Why you left your previous job?
Why do you want to work for us?
How long will you stay with us?
Where you see yourself in another five years?

Finance related banking interview questions

If you could buy one stock today, what would it be and why?
Can you explain the effect of rising interest rates on the United States economy?
What are the main issues ABC Company has to face before entering a given industry (Porter framework)?
Explain the techniques you use to value firms?
What do you mean by cost of capital?
When do you use a WACC versus a cost of equity?

Behavioral Questions

Do you think you have leadership quality? Can you explain when did you show leadership?
Have you think you can perform well in a group?
What is your most noted accomplishment?
What are your positive traits or strengths?
What are your negative traits or weaknesses?
What you can do for the company others people can't?
Explain an example when you had a personal conflict and how you resolved it?
Tell a time when you had an ethical dilemma and how you resolved it.
What type of person do you find difficult to get along with?

Some link related to Interview in Banking Industry......

https://www.taxbanking.com/interview-question-why-do-you-want-to-work-in-the-banking-industry.html

https://www.g4guide.com/interview-questions/banking-interview-questions.html

https://www.coolinterview.com/type.asp?iType=552

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Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 25 November 2010

Thanks Dear Rahul & Lovely For ur Comments...

Sunshine (Helping All) (10575 Points)
Replied 25 November 2010

i dont have much idea abt it....but questions will be bombarded from anywhere to check ur personality and confidence....in many cases i heard that the answer doesnt matter but the way u handle the situation is what matters.....make the interview board feel u have that will power and dedication to learn and adapt to the conditions and endeavour to give ur 100% commitment.....i know only this..thanx

Tanveer Singh (complicated) (1248 Points)
Replied 25 November 2010

gud thread to start

Manmohan ACA, CS (Chartered Accountant ) (14243 Points)
Replied 25 November 2010

Can you brief us about yourself?
Why do you want to work with us?
Do you have any idea about our bank policies/ schemes/ charges/ interest rates?
What was the biggest challenge that you had to overcome?
Have you ever had to experience sharing others' work load? How do you cope with such a situation?
Why did you leave your previous organization?
What do you think about the current banking sector scenario in our country?
Where do you see yourself five years hence?
Have you had to personally resolve any customer query? What was it? And, how did you help in resolving the issue?

1 Like

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 25 November 2010

Thanks Friends For ur Valuable Suggetions...

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Arniv Sharda (CA Final) (3006 Points)
Replied 25 November 2010

advise him to be formal and be what he is actually

also

advise him to be confident and be honest

Arniv Sharda (CA Final) (3006 Points)
Replied 25 November 2010

also

if he does not know any answer to their question then please be honest and tell the truth by looking into there eyes of recriuters

CA Mudit Agarwal PGDFM,MCP,IFR (Dy. Manager (Taxation)) (289 Points)
Replied 26 November 2010

I have given an interview of bank.

They generally want to check your inter-personal skills and your attitude towards your work..

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 26 November 2010

FEW TRICKY INTERVIEW QUESTIONS WITH ANSWERS

Not my preparation

Question: Where do you see yourself 5 years from now?

The aim of this question is to test your foresightedness and also gauge if you plan for the future. Stick to professional goals and aspirations while answering. The interviewer does not want to hear about a dream vacation you plan to take, or the industry you would like to be in. Talk about company related objectives. This is an opportunity for you to show that you want to succeed in the company and are keen on creating a career path there.

Sample answer: As your company has a strong performance-based culture, in five years I see myself playing a key role of Brand Manager, working on your marketing initiatives.

Question: Why should we hire you?

Being specific and highlighting your strengths versus the competition is the key here. Stay away from generalities like 'I am the best' or 'I am very hard working and dedicated', etc. Talk in quantifiable terms that will make you stand out and pinpoint the qualities you have that are valuable to the company. Give real examples that show them you are best-suited for the job.

Sample answer: In the past, I have implemented projects on attrition management, helping bring down employee turnover rates by 4 per cent. I believe this experience and knowledge will add value as employee retention is amongst your company's top priorities.

Question: What if you don't make it in this interview?

This is often used as a stress question to check your spontaneity. The idea is to see if you have a back up plan and how you handle rejection. You need to be assertive and confident while answering this question. You can say you will be disappointed, adding that you will continue to move ahead in your career with the same enthusiasm and vigor.

Sample answer: I will be disappointed if that happens, but will work on specific feedback and try again when the opportunity presents itself.

Question: Why do you want to make a career in ... (Sales, IT, HR, etc)?

The interviewer wants to learn what you know about the chosen career. Knowledge about the domain and the job shows the interviewer you are interested and demonstrates initiative on your part.

Sample answer: I have always been a people's person and counseling is a skill that comes naturally to me. Armed with a Master's degree in HR, I believe a job as an HR executive will give me an opportunity to put my natural skill sets and education to practice.