Category: Interview Questions

What is the Future of Banking Sector in India – Most Common Interview Question

Evolution of Banking in India Earlier banking sector in India was only known to be a medium of deposits and loans, but since 1992, when Dr. Manmohan Singh opened the doors for Privatization, Banking sector went into huge transformation. Private sector banks entering into the economy, not only they raised competition in the market, but […]

Advantages and Disadvantages of Online Banking – Common Banking Interview Question Answered

Gone are the days when we used to rush to Banks for Cash Withdrawal, Balance Inquiry etc, Online Banking has given a new dimension to Banking. With the emergence of Online Banking or E-Banking, Banking Services today have become hassle-free, quick and paperless. First of all, let us discuss what Online Banking is? A customer is provided with […]

Common PO Exam Questions – What Is The CRR / SLR / Repo Rate / Reverse Repo Rate / What Are Their Current Rates In India

The RBI exercises an important role in controlling the money supply in the Indian economy. The measures also control the volume and cost of bank credit. Money supply change is used for controlling the economic situations caused by inflation and deflation by using one or more of the tools of monetary control like CRR, SLR, […]

Common Interview Query – Difference Between Private And Public Banks In India

Many a times candidates especially freshers come across this very common banking interview question “What is the difference between Private Bank and Public Banks”. To make things simple, we decide to put down some basic difference between the two. Part of the Indian banking sector is made up of private and public sector banks. We […]

Common Bank Interview Question – Difference Between Fixed Deposit And Recurring Deposit

Freshers who wish to pursue career in Banking Sector are assumed to have basic working knowledge of the working of a Bank. Candidate should know the Basic Banking Terminologies like CRR, SLR, FD, RD, CASA etc. Banks have mainly 4 types of Deposit Accounts, namely Current Accounts, Saving Banking Accounts, Recurring Deposits and Fixed Deposits. One […]