Bank PO interview questions

Will you give me list of Bank PO Interview Questions ?

[Quick Sam]

As you want I am here providing you the list of questions with answers of Bank PO Interview .


Question – answer :

1. What does ICFAI stands for?

Institute Of Chartered Financial Analysts Of India.


2. Tell me something about ICFAI?

The institution has been offering quality education to students across the country through its various programs in the field of higher education. The institution was founded by pioneers in private education


3. What are treasury bills?

Treasury Bills are the instruments of short term borrowing by the Central/State govt. They are promissory notes issued at discount and for a fixed period. These were first issued in India in 1917 Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.



4. What is yield?

In finance, the term yield describes the amount in cash that returns to the owners of a security. Normally it does not include the price variations, at the difference of the total return. Yield applies to various stated rates of return on stocks (common and preferred, and convertible), fixed income instruments (bonds, notes, bills, strips, zero coupon), and some other investment type insurance products (e.g. annuities).



5. What is HTM & AFS?

Available-for-sale (AFS), Held-to-maturity (HTM)

6. What is mark to market?

Mark-to-market is an accounting practice by which companies value and report their assets, especially financial instruments, at market price. Market price basically refers to the price at which the asset, or a similar asset, is trading at in a public exchange. The concept is derived from the accounting principle of prudence.


7. What are dated securities?

Dated Government securities are long term securities and carry a fixed or floating coupon (interest rate) which is paid on the face value, payable at fixed time periods (usually half-yearly). The tenor of dated securities can be up to 30 years.


8. Founder of NIACL? What do you know abot NIACL? Source of income for NIACL

New India Assurance Co. Ltd., Founded by Sir Dorabji Tata in 1919. NIACL -100 % Govt owned multinational general insurance company operating in 22 countries and headquartered at Mumbai, India.


9. What is the benefit of nationalization on Indian Banks?

Objectives Behind Nationalisation of Banks in India is : Social Welfare, Controlling Private Monopolies, Expansion of Banking, Reducing Regional Imbalance, Priority Sector Lending.

10. What is the difference between Cheque and Demand Draft?

Both are used for transfer the amount b/w two accounts of same or different Bank. Cheque is written by an individual and withdrawn from the account whereas Demand draft is issued by a bank where you have to pay before issuing.

11. What are NBFCs and difference between NBFCs and Bank?

Non-bank financial companies (NBFCs) are financial institutions that provide banking services, but do not hold a banking license. NBFCs do offer all sorts of banking services, such as loans and credit facilities, retirement planning, money markets, underwriting, and merger activities. These institutions are not allowed to take deposits from the public.

12. What is Private Banking?

Banking services offered to high net-worth individuals. Private banking institution assists the high net-worth individual in investing his/her money in exchange for commissions and fees. The term "private" refers to the customer service being rendered on a more personal basis.



13. What is the Use of Computers in a Bank?

Computers are used for many purposes in banks like: Computer store details of customers account information. Computers can solve billions of complex mathematical operations in fractions of a second. Computers can be used for user authentication. Computers can be used on a network to instantly contact other branches. When you use an ATM, you are using a networked computer terminal. It's easier to access/update the information. An employee can also check a customer's account balance instantly. Computers help a bank save time and money, and can be used as an aid to generate profits.



14. What is recession? What is the cause for the present recession?

It can be defined as if country’s GDP growth is negative for two or more consecutive years and the main cause for the present recession is Sub-Prime crisis where it started in US.



15. What is the difference between Nationalized bank and Private Bank ?

A Nationalized bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. Where as a private sector bank is one that is owned by an independent individual or a company that is controlled by a few individuals. In short, the bank is owned by someone else and they run the bank. The person owning/running the bank is responsible for the money deposited into the accounts of these banks.

16. What is LAF ?

Liquidity Adjustment Facility (LAF) was introduced by RBI during June, 2000 in phases, to ensure smooth transition and keeping pace with technological upgradation.

I have cleared the Bank PO exam and now preparing for the interview round so please give me some interview questions which are generally asked in interview?

[Arun Vats]

Firstly Congratulations! You can cleared the Bank PO exam and now best of Luck for your interview

Here are some questions that are generally asked in the Bank interview.

Q1. Introduce yourself?
Q2. Introduce yourself in one minute ?
Q3. Define yourself in one word?
Q4. Define yourself in one line?
Q5. Describe yourself?
Q6. Meaning of your name, Who named you and why?
Q7. Any namesake?
Q8. What is your father's name & his job profile?
Q9. Your family background?
Q10. Where you come from?
Q11. Tell me/us about your native place/city/state?
Q12. For what it is famous?
Q13. What are your hobbies and interests?
Q14. What is the use of your hobbies in this organisation?
Q15. If you will not get success this time then what will you do ?
Q16. Your Educational background ?
Q17. Your previous acheivements?
Q18. Any extra curricular activity?
Q19. Why do you want to join Banking sector?
Q20. What qualities one should posses to be a Bank officer? Do you think you have these qualities?
Q21. Tell me about this organisation ?
Q22. Who is the founder of this bank?
Q23. When was this bank nationalized ?
Q24. Current financial position of this bank?
Q25. Who is your ideal or a person who inspired you most?
Q26. How is your subject helpful in banking sector?
Q27. Why there is a Gap in your studies?
Q28. Your strong and weak points?
Q.29. As a student of Science/Art/Commerce, why did'nt you go for higher studies?
Q30. Newspapers and magazine which you prefer to read? Name the Editor of Newspaper?
Q31. Why we should select you?
Q32. Why do you want to be a Officer?
Q33. Are you married ?
Q34. If you marry after competing this examination may I hope you will be mopping up huge money as dowry ?
Q35. Any girl friend? If not then why?
Q36. What is your idea of life?
Q37. What is the importance of hobby in our life?
Q38. What about those who have no hobbies? Are they not creative?
Q39. As you are from Hindi medium, but we are sorry to say that we have vacancies in South only and as you said you like to talk in Hindi. If we appoint you, how will you adjust yourself in South, where only a few people know Hindi?
Q40. I don't know Hindi, I know English and specially south based languages, as I am from south, whenever talk to me, please speak in English.
Q41. Which officer gave you the certificate for, being a caste certificate/character certificate?
Q42. Why could you not get success yet?
Q43. Have you been cleared any exam before it?
Q44. If you don't get final selection in this examination too what would you do?
Q45. How many members are in your family?
Q46. What does your mother do or whether she is a house wife or in job?
Q47. Where did you spend your childhood?
Q48. Why don't you join your family business?
Q49. Your ideal person, leader, party and why?
Q50. Does anybody serve in the banking industry from your family? if yes then who they are and in which bank they are serving?