Interview Transcripts- RBI Gr B - 2019

1. Rahul
Avg time of others- 15-20 mins
Mine- 25 mins

Why RBI after engineering and IIT?

You get a lot of money in IIT so why RBI?
Economic slowdown and contagion effect definition?
Functions and challenges of RBI?
Will you work for us if you dont like the job?
Different types of banks? Capital requirements of banks and capital requirements for obtaining licenses?
What are local area banks and their total number in country?
Preparing for any other exam?
How is ibc performing?

2. Sachin
My interview experience:14/01/2020

First to go in today.
Chairman
Q. Tell me ur name?
Q. Are u working?
Q. Tell me defn of inflation?
Q. What is stagflation? Examples
Q. Tell me word by word preamble of RBI?
Q. Recommendations of monetary policy?

Madam:
Q. What is financial inclusion?
Q. Recent RBI document on FI?
Q. Current rate of inflation?
Q. Difference between cpi and wpi?

Remaining sirs

Q. Why left SBI ?

10-12 follow up Questions.
Q. Education profile related Q. (3-4)
Q. Economic slowdown reasons?
Q. Questions regarding books I like reading ( surprised as not mentioned in hobbies)

It did not go very well as at the start I got really low when chairman asked about exact word to word
preamble of RBI. And subsequently could not answer the next Q on mpc. Afterwards when they shifted to
madam I got little comfortable and answer her questions.

They were not convinced for me leaving SBI and grilled me badly here. ( Another very big low)

Afterwards it was ok I was able to explain reason for economic slowdown and my career decisions.

[Link]
Background: [Link] + masters in economics. Work experience : 2 years in IT.
C: sit! So what are you doing currently?
Why did you leave your job? In which subject did you get the best score : answered macro! Did you do any
research paper? Ok do you know about the famous 6 debates in economics, tell me about the one that
Keynes had? Who are monetarists? Heard of Milton Friedman? Tell me his book name and for what work
did he get Nobel?

L1: tragedy of commons ? Examples. Inflation definition and current figure. Driven by what currently. What
has the government done and what are your suggestions. Has the government done enough. Role of
monetary policy. What can be done in the current situation?

M1: have you heard the phrase " socialization of the profit making and privatisation of the loss making"
current context. What is GFC , explain and why did it happen

M2: financial inclusion and measures? What can be done more? Why digitalisation? Benefits? How it has
impacted financial services?

M3: Securitization? What is it. Role of it in GFC. Why did the market fail ? Leverage?

Observations: if you are quick to answer they'll move on to the next question. Once you are on a weak spot,
they'll grill you.

4. Aaj ka arjun
6 members were there in panel. 2 females and 4 males 1. Chairman questions
( male 1) 1. where are u working? 1. I am working in IOB 2. for how many years you have worked ? 1.
I am working in IOB from past 4 years.I joined the same in 2015 3. Explain Payment and settlement
act?What is the scenario right now related to digital banking. Which other organsations have come
from payment and settlement act?What is the future of Digital Txns? 1. Explained the act 2. NPCI has
been formed under PSS 3. right now UPI txn are worth 2 trillion so future is very good as from
Demonetization times digital txn have seen a jump of 5 times. India has received more investment in
comparision to CHINA in fintech sector 4. Told about BLOCKCHAIN TECHNOLOGY and how it is helping
banking system in India 4. Say few points about VISION 2020-21? 1. Told 6-7 points 2. TILL THIS
QUESTION HE WAS SATISFIED with my answers 5. (out of the blue) Tell me 2 books of ADAM SMITH?
1. Told about wealth of nation but not able to tell other book. He made a big issue about this.
Repeated same thing for 2-3 times. And everytime I told I AM SORRY SIR Male 2 Female 1st 1.
difference between DIGITAL BANKING and DIGITAL CURRENCY 1. told about the [Link] rtgs and
cryptocurrency 2. asked about INTERNET BANKING SAFETY PROTOCOLS? 1. Told about 128 bit protocol.
3. He told how will you explain to a layman that internet banking is safe? 1. Told that it will be very
difficult to take them in confidence, but will tell them that if any one wants to break 1 bit in
internet baking password it takes 1 week so 128 bit is very much safe 2. also I will tell him that I will
be there at every step and will be able to help you 24*7. so if you are facing any problem I will solve
4. what was the use of doing NEFT 24*7 when IMPS is there? 1. IMPS is till 2 lacs so if any one wants
to send more amount NEFT would be helpful 2. mainly in branch people come for NEFT RTGS so
branch burden will be reduced 3. there are charges in IMPS but in NEFT now it is free when you do
txn via mobile or internet banking 1. asked which customers you face are most difficult to handle? 1. I
can handle any customer but it is difficult to handle big corporates and when they send their
servants then it becomes more difficult.(she smiled) 2. asked about EDPMS /IDPMS? 1. Told here the
basic 3. how will you take old people in confidence about using INTERNET BANKING? 1. Told the same
thing about confidence and etc
FEMALE 2 1. what I see EDPMS or IDPMS? 1. Told here about EDPMS 2. How many entries are there
for your branch ? 1. Told the same. 3. What is LRS? Some difficult questions regarding this. 1. Told
everything in detail 4. (dont know what happened here) She asked if you are buying 1 book from
foreign will it come under LRS? 1. Told her YES it will be counted. RBI allows all current and capital
account txn for individual until and unless it is specified. 5. Here I dont know why she got offended
( or I am over reacting). She asked me have you read schedule 3? 1. I said NO maam. 6. She told me
better you go and read the same. RBI has given exclusive mandates regarding LRS as what all thing
are allowed and not allowed. 1. Here I TOLD MAAM I KNOW WHAT ALL THINGS ARE NOT ALLOWED
AND ALLOWED BY RBI,BUT I DIDNT know that these comes under SCHEDULE 3. Nonetheless I will go
and have a look(please judge me here. Whether the answer given by me was correct) 2. she said OK
MALE 3 1. He said the same thing as told by me that CAPITAL ACCOUNT TXNS are allowed in LRS 2.
then asked me about CAPITAL ACCOUNT CONVERTIBILITY? 1. Explained in detail 3. Asked me about
ROUND TRIPPING? 1. Told about how does black money gets converted into White money while
laundering it though many accounts. 2. He instigated me to tell some other definition. I didnt cave. 4.
Asked me about why central bank is required. Why cant Govt oversee these functions. 1. Told some
thing. MALE 4 1. 1 question he asked not able to remember the same 2. Asked me about derivatives 1.
told that all forward contract and futures they dont have any value, it is the derivative which gives
them the value. 2. He was not satisfied ( he wanted to hear HEDGING AGAINST RISK) 3. at that time I
saw Female 2 negatively nodding while seeing FEMALE [Link] be because of my answer or may be
TEA was not good ( they were drinking tea at that time) 4. Then I told Sir, when customers in our bank
book FORWARD PURCHASE CONTRACT they do so to hedge their risk against currency movement 5. on
hearing this every one was happy and FEMALE 2 and MALE 4 in unison told me that this was the
answer which they wanted to hear from me.

5. Anonymous
Date: 20.01.2020 at 11.10 AM 4 th to go…
It went on around 20 minutes
I went in. Wished good morning. Chairman asked me to sit.

C: Introduce yourself and how will you fit here.

Me: My name is Atul Sharma. I belong to Mandi, Himachal Pradesh. Currently, I am working in MP
Forest Development Corporation as Manager. I oversee the implementation of CSR activities there like
skill development.....

He cut me short and asked how will you fit in the job you have applied for?
Me: Sir, for any job; planning, organizing and implementation a re very important aspects. I am doing
this from past 2 years while creating CSR projects and implementing those. Also, I have done an
internship with Microfinance institution... so it would help me as well.
He again cut me short and asked that I will ask t his last question now. How does RBI do currency
management? And what are the challenges in this? Take your time... 34 minutes you can take. After
20 sec, It's okay if you don't want to answer and asked Panelist 1 to ask questions.
Me: Sir, I would like to attempt that question.
C: You haven't missed the train yet. Go on..
Me: RBI is the issuer of the currency. They issue various bank notes and make available to the public
through management of currency chests. There are around 6000 currency chests. Counter feiting is a
major challenge in currency management. Making currency available in the country is also a big
challenge.
C: It is a sort of rough sketchy answer. Could have been better. Alright, now
Panelist 1 will ask.
P1: What are various functions of RBI?
Me: Other than being issuer of currency, RBI formulates Monetary Policy, It is Banker to Govt, Banker
to banks, Lender of last resort, It also performs regulation and supervision function.... fin. Inclusion....
He cut me short and asked what does Lender o f last resort mean? Me: In the crisis situation when
no other institution is ready to help a bank, RBI helps and provide credit to a bank to avoid bank
failure because a bank failure can impact lives of many. Thus, it is called lender of last resort.
P1: W hat does repo rate mean?
Me: Repo means repurchase agreement. RBI lends money to banks.... I took a pause and asked for 20
sec.30
A panelist asked me I can speak in any language, there are no marks for language. Again started, Banks
borrow from RBI and k eep securities with RBI with a commitment to repay that amount with interest
after a specific period and taken securities back. That interest rate is called repo rate.
Now, Panelist 2..... a madam P2: Have you heard of SEBI? What does it do?
Me: It regulat es capital market and securities market. It frames guidelines for related institutes also.
P2: Did you hear about CMD separation?
Me: Yes mam, earlier deadline was 01.04.2020 for top 500 companies but it has been extended
recently by 2 years.
P2: Why is th is separation required?
Me: To enhance corporate governance.
P2: How? Me: Because now power doesn't lie in one hand.
P2: Elaborate.
Me: Li ke in my current organization... Chair of Board decides on various issues... if CMD are same, it
for him/her to take decisions of his/her liking. It's better to have 2 minds...... (she wasn't convinced )
Now... Panelist 3... female. P3: You have done internship with microfinance. Did you hear about a crisis
related to microfinance?
Me: Yes mam, Andhra Pradesh crisis where MFIs lent to farmers and they weren't able to repay. MFIs
used coercive techniques to get their money back which led to farmer suicides also. In reply to this,
Malegam committee was set up which defined NBFC MFIs and made guidelines
P3: What was the interest rate charged by them?
Me: It was above 35%.
P3: Along with coercive techniques, this high rate was also one reason behind the crisis. Me: Yes mam,
that's why new guidelines has prescribed maximum limit of 26% now
P3: Why does this happen in Andhra only?
Me: Sorry mam, I don't know about this. .
P3: Okay, after Indian Institute of Forest Management, Now CSR activities.... now RBI, would you like
to connect the dots?
Me: Actually, IIFM... this name misguides many. It offers P G Diploma in forestry management but has
3 specializations. My specialization is Development Management which primarily deals with community
development. We have learnt techniques to implement various interventions on the ground like
Participatory Rural Appraisal ... we conduct village resource mapping, stakeholder analysis and then
design a process to implement projects. In my current job also, I am responsible for implementing CSR
projects... Conducting ice breaking sessions with villagers and then all this. Recently, I have been
selected as District Youth Coordinator under Ministry of Youth Affairs and there also, I will be
responsible for awareness generation and information dissemination. Now why RBI.... While
implementing CSR activities, we have tied u p with SHGs and MFIs. There are people who borrow
from MFIs for income generating activities but consume loan for other things and aren't able to
repay. There are families whose breadwinner member has died due to a disease and they don't have
any source. W e provide skill development courses to them... Capacity building help them to earn and
make them less vulnerable. Indirectly, I am already working in the field of financial inclusion. So, that's
why RBI. I want to contribute in this field. I have worked wi th MFIs also... know their working...that
would also help me in fitting in here. She was happy with all answers. She was smiling all the time I
was answering and was nodding too. Now she passed on to Panelist 4.
P4: Why do we need a central bank?
Me: Centr al bank is needed to avoid various economic crisis and perform certain functions to
maintain financial stability.
P4: How do we avoid crisis?.
Me: Sir for example, Andhra Pradesh Crisis... RBI set up a panel and made guidelines to avoid such
crisis anywhere
P4: No, It's called learning from the crisis. We learnt from it and made guidelines. Why Central Bank?
Me: For banking regulation and supervision also.
P4: Have you heard of RBI Act?
Me: Yes Sir... 1934.
P4: It didn't mention anything li ke banking regulation.
Me: For currency and credit management. Earlier, Govt. was responsible for currency management
while Imperial bank for credit management. To end the era of policy division, Hilton Young
Commission recommended setting up of RBI.
P4: What is cleaner finance?
Me: Sorry sir, I don’t know
P4: about it. How did you prepare for interview?
Me: I was on field from last 20 days... so studied website...
P4: But you would have read for pre and mains also naa
Me: Yes sir... I started with some books like Ramesh Singh... He cut me short and asked what is it?
Me: Indian economy by Ramesh Singh.
P4: Why did you read it? Me: I am not from finance or economics background and thus, to know the
basics and to get a feel of what's going on... I read this.
P4: PGDFM... Finance naa...
Me: No sir... F means forestry.... but specialization is Development Management.
P4: Okay, what did you read?
Me: Various concepts. Like inflation. I didn't know much about all this. Even my parents used to talk
that earlier this thing was available for Re 1 but nor Rs 100. I didn't know earlier how. But now... I
know. Inflation. P4: He had that smile...What is inflation? Me: Rise in gener al prices. We measure
through CPI, WPI. There is a basket of goods like 697 in WPI. We measure change in the price of
these goods and calculate inflation.
P4: Do you know what is stagflation?
Me: Generally, increase in Inflation leads to decrease in unempl oyment because inflation and
economic growth are positively related. But when inflation goes up and unemployment also goes up, it
is called stagflation.
P4: Is India going through this phase?
Me: Recently, inflation, CPI has been 7.35%. P4: Yes, that means stagflation??
Me: No sir, food inflation is high. CPI has high weightage of food articles. That's why it is high. But
core inflation is not that high... 3.7%. Economy is going through a tough phase but we still can't
conclude that it's stagflation.
P4: Do you know about carbon trading?
Me: Yes sir. For instance, some carbon our organization plants trees in an area and sequesters carbon
there. It earns credits for that and there is an organization in Surat. So that organization can’t exceed
carbon footprint above that limit. If it does, it can buy carbon credits from a carbon surplus
organization like ours. They can trade on credits. This is carbon trading.
P4: Do you have a bank account?
Me: Yes sir .

P4: Which one?

Me: I was murmuring CASA He picked up and said... you know CASA are different types of accounts.
Me: Yes sir. Current Account and Savings Account.
P4: Which one is yours?
Me: Current
P4: Not your organization... your?
Me: I have savings account. Actually I went yesterday to ATM, when I selected Current Account, it
disbursed the money. They were laughing. Madam asked P3: Which bank ATM? Me: SBI
P4: dekhna pdega ye to. Again laughed. Okay... what is a bank?
Me: An institution which accept deposits from the public for the purpose of lending or investment.
P4: NBFCs can also do the same.
Me: But they are not registered under BRA, 1949. P4: They are registered under Companies Act and
are registered with RBI also.
What is the difference?
Me: They are not part of payment and settlement system.
P4: Yes. Then he looked at Panelist 5.
C: Okay, you can go. P5 didn't ask any question.
Me: It was an honour sir. Thank you.. I have fumbled at places. So, I am not happ y with my
interview. I am not sure about some of my answers also like CMD wala answer or Carbon trading
wala answer. for these answers but don’t know. They didn’t ask cross questions

6. Harish
Chairman:
So you have done IIT right? From which IIT?
Okay metallurgy?
What would you like do at RBI? Okay, let us be technical. We have government and all then what is the
need of RBI?
If independence they why IL & FS happened?
What corporate governance issue was there?
When you did graduate?
What you were doing after graduation?
(Fat guy interpeted and said what happened to your brothers)

Ma'am: Tell me about Kota's education industry?

What are your views about growing educational capitalism?
What is IBC? When it came? Has credit culture improved since then? Recent amendments?
Give three points about agriculture crisis?

M1: RBi website and followup questions.

You like book reading tell me one book.
Who is author of 1984?
Another famous book he authored, what is name?
(Again fat guy interepted and said what is theme of 1984 and follow up questions)

Fat guy:
What do you mean by women empowerment? Patriarchy vs. matriarchy?

7. Newgen Ragade
15 mins approx
Chairman : Working anywhere ?
Your percentage ? .
Gave a 1 min lecture on rural sector problems and demand etc. And asked how to revive it ?
Tell me ILF&S crisis main point.

Mam: You are working in real sector of economy and why switching to financial sector ??
After working for so long why RBI ?
Which RBI function interests most?

Few cross questions

M2: Why central bank required ?

Why govt can't do those functions?
Why banks are so special?
few cross questions
M3: You did technical with good academic record
from such a good institution, won't coming to RBI will be a bad thing for that instituion ??

Tell me RBI ECF committee recommendations ?

M4:
CRR ?
SLR ?

8. June
Sharing my interview experience

About Languages since I know French and spanish

Ugc net, got 99 percentile
Why not lectureship
Psb merger 2 merits and 2 demerits
Nationalisation of banks good or bad
How nationalisation helped in financial inclusion
RBI functions
Why RBI was formed? Why is there even a need of RBI? Why can't govt do the job of rbi?
Banking regulation act 1949
Why govt can't be regulator?
Why banks do financial inclusion, why doesn't govt do it?
Why banks don't do what they are supposed to do? This - promoting the schemes of govt doesn't happen
anywhere else in the world, only Indian banks do this?
Why banks are dragged into this?
Monetary stability and currency stability
What is a bank?
Why RBI?
Upsc still in the back of your mind?
What all subjects you studied in graduation?
Tell 2 names of strategy gurus
Thoughts on Women empowerment
Difference between regulation and supervision?
Difference between banks and nbfc?
What is a bank and what is not a bank?

9. Prash Teja
1)What is CCO, what is his role?
2)What is CRO, what is his role?
3)difference between regulation and supervision?
4)Banks should not open accounts of few listed individuals/non Individuals, who are those, who issues that
list?
5)How would you categorize an individuals risk in bank? Based on what?
6)What is ICAAP?
7)What is peered something, couldn't remember ��♂
8)what is difference between insolvency and bankruptcy?
9)discussion on why you shouldn't leave SBI and get easily promoted, unless you dnt want to work hard or
get lazy. (couldn't convince that fat guy)

10. Anonymous
Chairman:
Why budget preponed?
What is fiscal room? What law governs it?
Do u think corp tax cut is a good step?
What is stagflation? Are we in it?

Madam:
Difference between cms & cts
Advantages for consumers
What is the tat for consumer complaints?

M1:
1. When was two balance sheet merged into one?
2. What r d assets & liabilities of rbi?
3. Whr do we keep our gold?
4. What r the expenditures of rbi?
M2:
1. Why rbi assistant after PO?
2. What r govt revenues?
3. Difference btwn FI BS & manufacturing BS
4. Whr do we keep 450bn dollars
5. In which currencies do we keep our reserves
6. Wht is citizens charter of rbi?

M3:
[Link] is agr
2. What is the issue?
3. What is predatory prices
[Link] it same as price war

11. Hema Raj

The interview was around 15 minutes
I completed my interview yesterday and here is my transcript
Background: non-banker

I entered the room and greeted everybody. There were 4 males and 2 females

Chairman started by asking me

why in do you think students from college in spite of having good marks are not getting good jobs after
college and what's wrong with the system?
What is the responsibility of a regulator?
Why did NBFC crisis happen in spite of having a regulator?
Who should be blamed?

MAM 1:

What is blockchain technology?

Apart from bitcoins where is it used
Do you know anywhere in India where they use it?
How do you think banks should use these technologies to perform better?

MAM 2:
What are NPAs?
Do you know any commercial bank that has recently failed or gone bankrupt? (Not cooperative -
commercial)
How can we better manage NPAs?

Singhal sir:

Why do we need a central bank?

Why can't the government do that?
What is the definition of a bank?
(While I was talking he interrupted and asked me to give me the exact definition of a bank according to the
act)
What is price stability and currency stability?
What is the unique quality of a bank that others don't have? (I said credit creation he was still not satisfied)

Sir 3:

What do you think engineers should learn after coming to a bank?

Why do engineers shift tracks in terms of career?
And 2 other questions that I'm finding it difficult to recollect

Sir 4:

What is forex?
Components of forex reserves
Explain each component and how they work?
And again 1 more qn that I couldn't recollect

Chairman:

Did you see the budget?

What are the recent developments with respect to FDI in this budget?

12. Abhiram K
Chairman : Please have a seat. Where do you work?
Challenges of R&D field in automobile sector?
There is a lot of cash in automobile companies.. Where is it being used if they are not ready to give
funds to you?
Why automobile industry is in stress now?
What is your company’s strategy for 6 months from now and also for one year from now? Which
component you work on?
Will electric vehicles be accepted in India?
Why govt is pushing it inspite of lot of challenges
What is the cost of Lion battery for 1 Kwh? IS it being produced in India

Female 1

What is the relationship b/w automobile and banks?

What is the risk faced by banks why financing R&D of automobile company?
I didn’t understand her question properly and could not answer well. She was not satisfied and
fin
What were the problems in MCLR regime?
Stammered in answering this..

Female 2
You are so passionate about your job, and why do you want to join RBI?
Told interest in economics and finance. This is the best job in eco and finance for graduates of
other streams. Also I would like to take higher studies option in economics while working in RBI .

So you will leave for higher studies as soon as you join RBI? EVeryone laughed.

How do you know this scheme about RBI? Do you know what Percent of employees get this
opportunity ?
Tell me the details of CSR activity of your company
Are you aware of CSR circular of RBI for Banks?
No Ma’am, I don’t know

What is carbon footprint?

M1 Singhal
Tata had a collaboration with Mercedes Benz, Is it where you work?
No Sir, That collaboration was in 1980s, and it parted away in early 2000s
You said you work on trucks but Is there Mercedes Benz trucks in India?

those trucks in India. I see only Tata and Leyland. Is it only heavy duty trucks?
No SIr, we have Bharat benz all over India. We are 3rd in the market share. We have different
rage of trucks from 60 tonner to 15 tonner

What is inflation? WHat will be the impact of inflation on currency? What is currency stability, financial
stability?
Told something, he was not [Link] examples again faced difficulty

M3 M2
What are NBFC? Should NBFC continued in India or should it be converted to banks? There was a
news on one big NBFC recently. Can you explain me that issue? Why this issue happened? What is
leasing and hire purchase? Give examples Do you have bus in your portfolio? You said about charging
infra, how can we improve it? Is your company working on creating charging infra? Who are those
small entities working on charging infra? What is difference b/w average cost and marginal cost?
Cahirman : ok you may leave.. Thank you

13. SanthoshKumar1
Rbi interview 04.02.2020
Totally 15-18 mins . 6 members.

Why epfo from SBI ? Not satisfactory.

What is Deaf fund?
What is inoperative account?
Then dormant account.
What do u kno about Basel?

How risk weighed assets are calculated? I am not aware of the formula but it is based on probability of
default.
What is LCR - just mentioned expansion.
Crar of SBI? Instead of 13 I said 15%.
Loop from inop. Reasons behind inop account. Not satisfactory.
Rbi circular on inop account. Just reframed the words of interviewer.
What steps taken by SBI regarding phishing messages and calls?
Regarding recovery what's the similarity and difference between epfo and SBI? Said.
Which is good regarding npa reduction? Recovery, proceedings or write off. - no idea whether they
satisfied or not.
Loop from Basel. What's new in B-III? They expected some high quality assets.- Didn't say.
What is a bank? Accept deposit and lending
Nbfcs also doing the same then y it is not a bank? What's the difference? Said about universal nature of
banks and restrictive principal business of nbfc.
Under what act pf is operating? I said about Epf 1952.
He asked another pf act. 1926 act - not aware of it.
What's in budget regarding PF? Said 2 points but he nodded differently.
What is economic capital - no idea
What is RAROC? - I said wrt economy. They said it's not. Then no idea.
Non fund based prdt. - LC and BG
Then diff between performance G and Financial - I don't have clear idea .

14. Dibyaranjan Panigrahi

AO,Oriental Insurance(Since Aug 2018)

PO,SBI(Nov 2016-Aug 2018),
Mechanical Engineering,2016 Batch PassOut
Entered into the room,greeted everyone and took my sit.
Chairman:You were there last time [Link] dibyaranjan I will ask you one question?Have you studied RBI
Act?Guide me through section 7 of that act.
Me:Explained section 7 but he was not enough satisfied I think then he signalled towards a male member
to ask questions who was seated closest to me from left side.
Male1:What are your thoughts about LIC disinvestment?Give two pros and two cons?What is Risk?what is
insurable interest?What are differences and similiarity between banking.
Me:Answered properly but was inturpted once in betweem by [Link] about risk definition.
Female:So tell us about your two year experience at SBI?What did you learn in those two years,Why did
you quit sbi for oriental?
Me:Answered properly as these are HR questions.
Northeast Panel Member:Tell about RBI history?The creation ,commission,who was first governor,first
indian governor?several questions about RBI history ,I do not remember 2 3 questions now.
Me:Answered correctly all questions and he was content
Northeast Panel Member:Ok tell about the difference between sfb and rrb?what are the new happenings
in RRB sector.
Me:Told and he agreed then Singhal sir started
Singhal sir:Why RBI?Why central banks neeeded when govt it there?Why not upsc?Again asked risk and
banking definition?
Me:Told I have one simple reason that Joining RBI as a Grade B is my dream,that is enough for
me .Explained why central bank by quoting [Link] acharya,t20/test etc etc and some other facts all smiled.
Singhal Sir:Being insurance guy you should have proper definition of risk etc do not give basic definitions
like 6 year old [Link] definition under which act give the proper definition line by line?
Me: I panicked a little here however managed my self and answered but he was not satisfied.
Singhal Sir:Dream eh!what do you mean by that you get nightmares abou RBI?
Me:Yes sir about not joining RBI I do get [Link] laughed and it ended on a funny note then I was
allowed to leave
My verdict:I could have handled Rajan sir 's question a lot better but panic got over [Link] rest
members are quite satisfied I suppose except Singhal [Link] for a above average score.

15. Anudeep
Transcript Background [Link]
Graduated from BITS - PILANI with a degree in information systems
Preparing for civil services (Given all 6 attempts)
Not a working professional

Chairman
●In which you were born
●You have graduated from BITS-PILANi when did you join the college
●Which degree
●It seems like you are interested in innovation management system(they must have confused with my
degree in information systems with innovation …)
●How may RBI attempts have you given
●Now, I will ask a question on Fintech. There was a committee by RBI which has given 80page beautiful
report in 2017 tell me about it. ○I said I don't know
●What did you study from RBI website
●Speeches, preamble, missions and vision are not an imp thing. What all reports you have studied

Lady 1
●Is civil services back of your mind
●Similarities and differences between civil services and RBI ○Went for 2mins
●What's your take present monetary policy framework
●How it was previously
●Don't you think government is influencing RBI through MPC ○Went for 1min Lady 2 ●Which entity
regulates digital currencies ○I got they question wrong as in confused digital currencies with virtual
currency
●Has any govt allowed digital currencies
●What is your opinion related to allowing of digital currencies in india
●What is the background technology
●What are it's other uses
●Has any entity is using it
●What is CSIO ○No idea

Male 1
●If you are a head of rajabasha department how would you take hindi to remotest parts in AP
●Don't you think government is influencing RBI's functioning
● Name 3 instances where because of lack of efficient information technology there was large scale
issues. Male 2 (mostly tinggal as per the type of questions he asked)

Male 3
● Why CRAR is not there for RBI ○
○ I heard it as CSR and started answering He countered with heavy tone. I said sorry and I said I
don't know sir Tell me bimla jalan committee reports What is economic capital What is ECF Now tell
me where is this extra money came from ○ Did t handle well as even i don't have the clear
answer Do you know the difference between balance sheet and profit and loss account. ○ I said I
have only limited knowledge. He left the interview room Tell the 3 challenges of RBI ○ Could have
handled better

16. Amritash Pathania

Ranjan: Please sit down..

Whats your dob?

What you were doing before joining SBI?
I ll ask questions if needed

F1: Whats your role in sbi?

How do you asses risks in your loans?
What are risk weights given to retail loans?
What is your scoring model?
On what parameters? Why ?
Any recent news regarding consumer credit?
Why rwa are assigned?
But as you said RWA for consumer credit ia reduced from 125 to 100, isnt it contradictory?
What are various risks in personal loans?
F2: which loan you dont feel comfortable for sanctioning.
Why? Private company guys should be deprived of loans?
How do you tackle these kinda loans?
What are the operational risks you are facing while processing?
How many branches you are processing?
How do you manage sourcing and processing, sanctioning ?
Which segment is sticky when it comes to NPA
What are the latest figures bank level for agri and corporate?
Why agri is having such high npa?

M1: how long you have working?

What problems do you face in housing loans?
What are the risks?
How industry risk is been tackled?
Monetary policy transmissions?
Why it is not happening?
Im not satisfied, give me more reasons.

M2: What is RTI, asked a scenario related RTI being filed by someonw on someone else's account details in
your bank
And further questions on that.

SINGHAL : ( dint ask individually, beech beech mai he was coming

)rbi came in existence in 1935, br act in 1949. Why do you think then rbi is required?
Why people want to join RBI?
you are already a deputy manager ,why you want to come?
Not satisfied..
Not satisfied..
(At the end, i said everyone is having different perspective about their career paths, some people might
choose otherwise. I consider this a natural career progression)

He made a face and signalled M3 to ask.

RANJAN : let us be technical for a moment.

Tell me about SBI QTR 3 [Link] me about it.
Tell me about two good things and two bad things.
Have you heard about CTO?
What else he does?
Have you read e-governance circular by RBI?(couldn't ans)
Okay tell me about PNB financials
Two things
One more thing(couldn't ans).
Okay, you may leave

17. Anonymous
Transcript: 25/02/2020

Profile: Associate in SBI since 2015

Chairman:

1)When did you join SBI?

2) So, you completed JAIIB & CAIIB , how did clearing these IIBF exams help you in discharging your duties
in your branch ?

Let other panelists ask questions, I will ask if at all needed ...

Lady 1:

1)What's the percentage of cashless transactions in your branch? How much of them via cheques
2) What steps did your branch take in moving towards digital transactions ?
3) How many FI accounts are there in your branch, how many FI camps should a branch conduct in a month
mandatorily ?
4) What is Customer Service Commiittee Circular of Rbi .. explain ?
5) What is the latest RBI circular regarding strengthening of inter grievance redressal system ( Not Internal
Ombudsman scheme) ?
Lady 2:

1) What is a restructured asset, Classification of assets?

2) After the asset is restructured asset, what is the classification ?
3) Why is govt forcing banks to restructure MSME loans ? Is it good in the long run ?

Male 1:
1)What is a bank? Which section of BR act defines banking?
2) What's the need to have central banks ? ( And so many cross questions)
3) What is Monetary stability ? What is the diff between Fin stability , Monetary stability and price stability?
4) What's the diff between Money and Currency ? Are credit/debit cards plastic money or currency ? Rbi
should preserve purchasing power of currency or money ?

5) Diff between Basel 2 and 3 ? What has increased in terms of Qualitative nature ? And many cross
questions regarding quality ..

Male 2:
1) List the subsidiaries of SBI
2) Whats the need for SBI have so many subsidiaries ? Why can't SBI handle all those businesses .. Is there
any circular/rule stopping them from indulging securities market/insurance directly without subsidiaries ?
3) What are G- SIBs? Who designates as G-SIBs? Name some G-SIBs ? List the criteria under which a bank
can be declared as G-SIB?

Male 3:

1) What is moral hazard in banking?

2) What are RTPs ..what is conflict of interest ?
3) Effect of merger on SBI Balance sheet ? And effect on operational mgmt ?
You may leave ...

18. UCL 30
Transcript::

[Link] medium term strategy

[Link] risks
[Link] issue, why should govt intervene?
[Link] why?
[Link]
[Link] guidelines
[Link] POLICY
8Why rbi
9. Merger problems
10. INFRA PIPELINE announcement
11. Developmental announcements recent mpc, why SRO required in payment systems? Who has the
current mandate?

Other than these profile based hr questions.

19. Ankit Mishra
Myself Ankit Mishra and I work in Coal India Limited. I had my interview in Kolkata on 14th Feb and it went
for around 33-35min. Here is my transcript

C: Where do you work and where are you posted? Why leaving CIL and why to RBI?
What is section 7 of RBI Act? What are Ultra Mega power plants (UMPPs)and what are its major sources of
funding ? How much of those funds and being converted into NPAs and why ?

M1: Started from where chairman had left and asked if the govt doing right to fund UMPPs ? Then started
asking why discoms are creating NPAs and about UDAY scheme? Is the govt doing right in helping discoms?
What has been the step taken in the recent budbeg about discoms?
Then asked, Difference between commercial real estate and real estate and why the real estate sector is so
risky and whether the steps taken by govt and RBI is right?
Difference between index and indicators and what are the different indexes to know about health of Indian
economy? Is sensex an index, indicator or both? Whether it's a good or bad indicator of Indian economy?

M2: As you are electrical engineer from NIT, so explain in simplest terms the difference between volt and
watt? After that asked to define financial literacy and financial inclusion and asked if RBI needs to take
steps to do these things like financial literacy week? When this week will be celebrated in 2020? Have u
seen RBI's website and explain in detail everything written on website?
What is the bottommost line written on website ?

M3(Madam): As you are from a company which has its Monopoly over coal,don't you think it's wrong ? And
asked everything about CIL,it's last year revenue,profit,dividend it paid to the govt, which subsidiaries are
in loss and which are in profit and why loss and profit is happening ? Then asked why can't we completely
shift towards renewable sources of production and what are the different steps which CIL has taken to go
for renewable energy?

M4(Singhal): Are you a debator? ( To which I said yes, as I was debate club president in clg) Then he said, Ya
the moment you have entered the room you seem to be in a debate mode and said don't be disheartened
as it's a good thing. Keep it up but just respect our age too as we are old people and take a bit of time to
get things�
Then asked about anydebate topic which I have won : I said traditional universities vs digital education and
I spoke in favour of traditional [Link] which he said, from where you have prepared for this
exam..Digitally, right ? So how digital is wrong and a bit of discussion went on between us.
Then he asked what are the functions of RBI and why a central bank is needed? Because there is no such
regulator of banks in China and other few countries he named and its lot of banks are in world's Top 100
and we have only 1 ?
Then asked" If interest rate cycle reverses, will the monetary policy transmission be better" ? Which I didn't
get and answered a bit to which he said to chairman " He is speaking only what he knows and is not getting
my question"

M5: You earlier said cost of production of renewable energy is higher, but we working in RBI see daily that
per megawatt cost of production for renewables is decreasing? How can u justify that ? Don't you think we
have to go more and more for renewables and no coal?

A bit of discussion and then told me you can go.

That's it guys

20. Raja Harishchandra

Chairman :
Budget documents
John maynerd Keynes ki books
Is your bank improving or what is the condition in q3.

M1: asked mostly profile based

What was my profile in air India (as I have worked there earlier )
Cross questions on that ..why air India flights are not on schedule
Why air India not doing well
Then he came to bank ..why your bank is in pca and what bank is doing to improve .
And more on banking credit models etc
If you can change any circular in RBI which circular would you change

Female member :
Related to customer service
What's my work as a branch head in bank
Related to customer complaint management
And more cross question

M2:
Lead bank scheme
Cyber crime and way to stop it
More cross question on that
Flc related

Fat guy
Why RBI ?
Why central bank ? (Never satisfied Wala look � and I don't buy your argument )
Why can't govt bank with sbi or my bank ?

M4:
Raroc
Guarantee related question
Cross questions

Thats it guys ...I fumbled on some questions ..

21. Vishnu Sasidharan

What's in budget for banks
Brexit ? Present scenario at UK
Npa classifications
Cc, Tl and kcc
Gold loans
Money multiplier
Currency in circulation
Challenges in bank

22. Roger Federer

I entered the room and wished good morning sirs, good morning madam... Chair: Please take your seat...

Chair: Did u appear for any other exams?

Chair: How many times did you attempt?
Chair: Did u give UPSC interview?
Chair: when did u passed out?
Chair: Did u work any where?
Chair passed on the baton to mam.

Mam: U have done graduation and post graduation, then why did you come to banking sector?
Mam: why did u pursue aerospace engineering in post graduation? and
Mam: What are the sources of your preparation for RBI exam?
Mam: What are the functions of RBI?
Mam: ok. Why should RBI Regulate banks?

Baton passed to m1 (north east sir)

M1: What is the relation between common man and RBI governor?
Me: Sir, RBI through its monetary policy decides key policy rates. The M3 intervened and asked what is in
your pocket. I was shocked and checked my pockets confused that did i bring my mobile into the interview
room. (here i was under pressure and tensed when the member said this to me. Also, i missed the
opportunity to answer it calmly and with a smile.) Then M3 said, There is a signature on the currency, RBI
governor signs on these notes.

Baton passed to M2 (Executive Director) This sir was helping me to answer his questions. He was
encouraging me to answer

M2: You have done NCC 'C' certificate. Why did not you join armed forces?
M2: What is skeet shooting?
M2: What is a double trap?
M2: Whether double barrel gun has one trigger or two triggers?
M2: The government is having a popular policy of Make in India. While one popular person has countered
Make For India. What is opinion on this?
M2: tell me your opinion, do you support Raghuram rajan's statement? Baton passed on to

M3 (mota bhai sir)

M3: Tell me what is the difference between Aerospace and Aeronautical engineering?
M3: Where do RBI get powers to regulate the banks?
M3: When was RBI act passed?

baton passed on to M4 sir.

M4: Why should government hold stake in the public sector banks?

23. Kpjaiputra
Interview time-12-15minutes
Questions was very basic in nature

Lady member asked most of questions related to Basel norms -lot of cross questions like difference
between the Basel 1 ,2,3-then cccb and ccb
Other member also asked questions related to banking only...
Like what's the function of dicgc...?
What's the difference between intermediation and disintermediation?
Why npa are rising?
Give 5 reason
Very cordial member but asked very few basic questions...
All the best to everyone...

24. Siddhant Jangam

Siddhant Jangam (Answers written are subjective and may be right or wrong. hence Reader’s
discretion is to give interview.) advised .

M1 Do you read about monetary transcript policy?

Ans : yes I do read it .
M1 Tell me about Monetary Policy is just for reference for those who are yet Recommendations?
Ans To support slumping GDP growth Rbi has reduced repo rate by 135 Points in the Calendar
Surplus year (CY) 2019 successively. liquidity in banking system Bu t due the basis points and rising
inflation in S ept and RBI M1 has taken the neutral Chairman cut me short and asked, stance.
November What is the difference between word scenario and stance you used ?
Scenario is the anticipation about what could happen in remote future and Stance is about conveying the
message to the various market participants Like Financial Institutions, NBFCs and Banks about where
the interest rate is heading. Because repo rate is benchmark rate and every other rates like banks
lending rate And Gov securities yield moves commensurately with repo rate. M1 what is liquidity
means ( I used the word liquidity above in ans hence this qn) Ans there are two types of liquidity 1st is
used for amount of cash in the banking and financial system and 2nd is the CRR used in the liquidity
monetary framework F1 How RBI manages the exchange rate? Ans RBI do not target any exchange rate or
any range since it does not have any Benchmark to which it has to settle exchange rate . Rbi only
intervenes during excess volatility. example during excess flow of FPI investment rupee appreciates .
Hence RBI buys dollar to curb excess appreciation of rupee. M2 What is seed funding Ans Sir I don’t know
much about seed funding but it is one of the several round of equity financing in startups like venture
capital funding M2 What is crowd funding? Ans It refers to the pool of money mobilized from various
investors which is invested in an assets and profits thus accrued is distributed as dividend to the investors.
P2p lending is one of the type of crowd funding. M2 How many denominations notes are there? Ans There
are 10 types of Denominations . M2 Are all issued by the RBI? Ans No, only 5 and above denominations
are issued by the RBI M2 And less than 5 are issued by whom? Ans by the GOI (Ministry of Finance). M2
Why they are issued by GOI ? Ans Because it increases the Operational cost for the RBI M1 What is the
most intriguing thing you find about RBI? Ans How RBI and its department forecasts the long term
requirement of currency. What are the methodologies and factors are taken into considerations
while Forecasting it. Why notes of the different denominations are issued and why they are
Issued in different ratios. How RBI ascertain demand pattern of currency. These are the Some of the
few things that intrigues me the lot. M1 What else about RBI do you see most interesting? Ans With
adoption of technology and RBI giving more thrust to digital payment and building the digital payment
infrastructure. I think RBI may bring its own Crypto currency . M1 Don’t u know about RBI policy
regarding crypto currency ? Ans RBI in its report about crypto currency under the chairmanship of former
economic Secretary Subhash chandra garg has expressed lots of apprehension about it. hence did
not approve any transaction through it. M1 What are those apprehensions and why RBI has not approved
it ? Ans Crypto currencies works on block chain based Distributor ledger technology (DLT). It is
decentralized system hence very difficult to regulate M1 What is decentralized system? Ans Any
transaction happening through crypto will be recorded on multiple distributed network Unlike the
physical currency transaction which is recorded with RBIs centralized system M1 Then how can you say
RBI can come up with crypto currency? Ans Sir, RBI has not allowed crypto currency like bit coin which is
very volatile in nature and which is not backed by any assets. But RBI can come with its own digital
legal tender backed by Rupee. M3 what u were doing siince lat 3-4 years . Ans Preparing for
banking exams. I was placed in Coal india in 2015 and as probationary Officer in 2018 but did not join.
M3 why you did not join? Ans Since last 2-3 years, I have been preparing for banking exams and RBI
being premier I have been preparing for it. M3 have not you appear for UPSC Ans No, only
banking exam M3 I cannot imagine a person preparing for one exam (RBI) and doing nothing . You could
have done some diploma or financial courses. Suppose this time if you are not able to clear what
would u do ? Ans I will definitely get through this time. I would not require another attempt. M4 Why
Engineers like you studying from National Institute of Technology are coming into Banking and
leaving their fields? Ans Most of the Institutions engage students into rote learning. Instead of providing
practical exposure. They engage student into superfluous assignments. Writing them in beautiful
handwriting and diagrams . In the end they allot the grades in lieu of Those assignments and consigns
those assignment into dustbins. Defeating the whole purpose. This is the main reason of the brain drain.
M4 Siddhant, What u said is the system everywhere in India. We cannot do anything about it We
have to cope up with it. That is all you may leave

25. Aurelius Dumbledore

Greeted and sat down

Chairman: What do you think Euro as currency right now?

Ch: Do you know Keynes? What is his impact something on Indian economy? (couldn’t answer)
M1: Why did you come here after engineering? How do you know you have inclination towards Banking?
What is operating leverage ? (Don’t tell formula , give funda)
Lady 1 : Do you read weekly statistical report? What are assets and liabilities of RBI? What is DICGC?
What are other subsidiaries? What is Nabard ? What is microfinance? What do you mean by
small industries? What was the department setup by RBI recently? What are the publications of
RBI ? What does Enforcement Dept do? Do they levy penalties on NBFCs too?

M2: What is economic capital? (Don’t tell difference , Don’t tell components, give me funda )What are the
risks of a bank? Which dept is responsible for that? What is the current risk for RBI these days? (told
about reputational ) What is fintech? First bank to do blockchain in india?

M3: only one question about current job?

M2: During 2008 crisis, dollar should depreciate but it was appreciating why? (couldn’t answer) Ok you may
leave

26. Anonymous
Interview experience:
Centre: Chennai
Date: 24th Feb

Questions on Profile, Home state, Work experience related, Derivatives, Type of Audits, Audit vs Inspection,
RBI supervisory roles, New supervisory cadre, Utkarsh2022, Money vs Currency, RBI department that deals
with government account, CAS Nagpur, RBI's role in supply of Money & Currency, RSETI scheme, About Skill
Development initiatives, Skill vs Knowledge.
Some offshoot questions like what is Disruptive entrepreneurship, Predatory pricing?
General question like difference in skillset required for Bankers and Central bankers?

Panel was cordial and friendly with lighter moments of smile and laughter in between the interview. My
slot was at third last of the day, so few interviewers looked tired and interview lasted for around only 15-20
minutes.

They were asking a lot of current affairs to the candidates in initial slots. But for later slots, there were
hardly any CA related questions.

27. Abhay Rattan

Interview Transcript
Time :30 Minutes
6th To Go Out Of Total 10 Candidates
Location: Kolkata
Home State: Himachal Pradesh
Chairman: Hello Abhey, So I Will Ask You A Question Which You Want Me To Ask? Tell Me About Nostro
Reconcilation? Don’t Tell Me The Operational Part, Tell Me With Regards To The Macroeconomic Scenario
And How Is Rbi Involved? Speak For 2 Minutes.
C: Why Nirav Modi Scam Took Place?
C: What About The Agr Issue, Expalin About It?
M1: What Is Var? What Is Duration? What Are Sro’s And Why They Are Important? Tel, Me About The
Convexity Of Yield Curve?
M1: I Went To Shimla 20 Years Back, It Was Beautiful, But Now The Condition Has Deteriorated? You, As A
Policy Maker , What Changes Will You Make?
M2: How Many States Have You Covered On Your Bike? How Many More Are Lined Up?
M3: What Is Herstatt Risk? Why You Were Rewared For Npa Management? When Are You Coming To
North East On Bike? What Are The Different Risks That A Bank Face? Which Is The Best Bike In India For Off-
Roading?
M4: Why The Stock Market Is Climbing Up When The Economy Is Going So Low?
M4: Tell Me About Derivatives? Why They Are Important?
M4: Tell About Monetary Policy Transmission?
M4: Why Kyc Is Important
Chair: You May Leave

28. Anonymous
Chairman:
Why budget preponed?
What is fiscal room? What law governs it?
Do u think corp tax cut is a good step?
What is stagflation? Are we in it?

Madam:
Difference between cms & cts
Advantages for consumers
What is the tat for consumer complaints?

M1:
1. When was two balance sheet merged into one?
2. What r d assets & liabilities of rbi?
3. Whr do we keep our gold?
4. What r the expenditures of rbi?

M2:
1. Why rbi assistant after PO?
2. What r govt revenues?
3. Difference btwn FI BS & manufacturing BS
4. Whr do we keep 450bn dollars
5. In which currencies do we keep our reserves
6. Wht is citizens charter of rbi?

M3:
[Link] is agr
2. What is the issue?
3. What is predatory prices
[Link] it same as price war

29. Anonymous
Entered the interview room. I asked may I come in sir to the chairman sir. Now, interview starts.

M1(chairman): Yes, yes plz come in.

Me : Greeted good afternoon to everyone.

M1(chairman): plz have a seat.

Me: (a bit nervous) sat down ��.

M1(chairman): Are bhaiya be comfortable , sit like a king , then gave some examples of the king of Nepal.
Now comes the questn. So do you work somewhere?
Me: yes sir! Explained my job profile.

M1: U r an auditor tell me what is a public Pvt partnership?

Me: explained
M1: so does cag has an authority to audit such ppps. To what extent?
Me: Explained...

M2: so u r a btech from ...... University?

Me No sir, I am a Bcom and Mcom.(didn't understand what they wanted to check by this)

M2: challenges u face in auditing.

Me : explained.

L1: so there is a conflict of interest in case of statutory auditing? Can u explain?

Me: pondered for a while then explained....

L1: so ur current job brought u to Bengal ?

M3: Can u tell the diff. Between money and currency ?

Me: explained.. but they didn't seem to be much satisfied with my answer.

M4: how do u identify if a bank is healthy or not by seeing is balance sheets.

Me: explained..

M4: asked some questns regarding accounting ratios.

Me: forgot the formula so was a bit underconfident. Said sorry sir, I am unable to recall.

M5: RBI doesnt do audit? How would ur auditing experience be helpful here in RBI .
Me: explained

M5: if RBI doesn't conduct audit then what does it do??

Me: I know it was easy to answer but was baffled at that moment. So couldn't answer. The answer was
"inspection"

30. SR Santosh
My interview overview. Chairman started with profile based questions, about my current banking
experience and past IT experience, Few words about economy. Lady members were asking about financial
ratios, car, dicgc and other banking issues. Rest of the Gentlemen interviewed about economic situation,
Forex, AI tech, fin tech. Lastly, Fat persona sir was into hobbies and why rbi. As far i could decipher,
chairman and the nagging member were uncertain wrto their satisfaction levels, I must say, they are
deceiving with poker faces. Esp, chairman. He always looked dazed and tired and just like that.
31. Sameer
[Link] for 3 mins on rise of Nbfc and crisis
2.5 points each on what govt and rbi can do
[Link] crisis..why govt not able to sell air india
[Link] convertibility , india's position, which committee, its recommendation
[Link] faced while heading rural branch , challenges of fi
[Link] sector lending targets
[Link] deficit revenue deficit cad definitions and value
[Link] east crisis and effects on india and rupee
[Link] of cad on exchange rate
[Link] can we assess financial health of banks
11. What are different types of guarantee issued by banks
12. Why switched to banking after engineering
13. Why rbi now

32. Baburao Apte

My Int experience
Btech, working

Cm-
When did you pass
Which stream
College Name
What are you doing now

LM
Why RBi
Cashless economy justified?

M1 (NE sir)
Working at e commerce based start up, what's the product
Did you get funding?
Recent controversy with e-commerce?

M2
BOP crisis 1991
Whats the position of forex reserve now (value)
How do we maintain foreign reserve?
What's valuation of your startup

M3 ( Singhal)
Are you Bengali, if not how did you learn Bangla?

How do you practice Speaking Bangla being from Delhi?

What's your hobby- watching documentaries

Whats documentary
What are other types of film?( couldn't answer anything)

M4
Need of a central Bank

33. Ashish Hasani

Regarding current economic growth
Why less demand and measures taken
Types of banks
Difference between commercial and cooperative bank
Different departments of rbi
Application for visually impaired
Reason for frequent job changes
Why rbi as independent regulator
Why you want to join and some cross questions
Shadow banks
NBFCs
ILFS crisis
Again some question on slow economic growth

34. Fire
Duration 15 mins. Average interview

Chairman
1. Which subject you liked the most considering you have done engineering and studied for RBI
2. Did they kick you out(previous employer) or you left it? (everyone laughed, I too. Don't worry we were
just joking- chairman tried to settle my nerves) :p
3. What is sustainable development ( give me definition no basically, if , but) - chairman wasn't satisfied.
(Infact I don't know the exact definition -_- )
4. How many goals and targets are there?
5. How India is doing in this field ?
6. How world is doing in field of sustainable development goals ?
7. **Why you want to join RBI** don't tell me story give me exact reason?

F1
1. What will you get after joining RBI considering? obviously money isn't the factor you are looking for. :P
2. Is price stability and financial stability same?
3. Which is more important?
4. Which department would you like to join ? Why?
M1
1. Why RBI is lender of last resort?
2. Do you remember when RBI has played its role for this function.

M2
1. What is demand of currency?
2. Do you think India is doing good enough in development sector?

M3
1. How movement of foreign exchange rate happens?
2. You heard about GFC, explain me the dollar depreciation and appreciation in detail.
3. Speak about climate change and funding. (Only answer in which chairman nodded his face and others
looked satisfied as well.)

M4
1. What is bank? What is central bank?
2. Why central bank is required? Why government can't do all this? (Lots of discussion with his constipated
face which made this discussion boring and he said okay you may leave. )

35. Joseph
Interview date 26 Feb, time < 15 min, profile - not a banker, resigned from mha job.
Questions
• 2 min speech on FATF - history, link KYC to FATF, with all the agencies in the chain, does FATF have legal
authority
• Why RBI
• why the name 'reserve'
• values needed for the job, do you have them
• y.o.b, gaps in resume
• why no masters
• why did you resign from the previous job
• other exams given
• what is the news on ₹2000 note
• how does RBI enforce its regulations, departments involved
• how is off-site supervision carried out
• I don't remember the rest

36. Amit
1:DOB
2:how is economy doing?
3: Hindi me bhi bol sakte ho
4: Portuguese q sikhi, why not Chinese ( explained and defended)
5: Adventure course ka kya fayda h real life me( explained well and people were curious to know)
6: Market Slowdown q h : I said demand h but desired product Ni bna pa rhe, gave kia motors and MG
hector example, I was trying kuch sector me problems h Jaha pe hum conventional chize serve kar rhe h,
7: Corporate Rate cut se kya fayda hua: I said government ne dusre tarike se fiscal stimulus diya h, and wo
chahti thi ki companies jyada invest karegi and jyada job milegi to consumption bhi badhega ..to thoda
satisfy hua..
8- kuch cross question pe Maine sari technology bol dali par kisi ne uspe kuch Ni pucha...
9- Aur koi bank ka exam diya- I said quant achhi Ni h so Aur ka Ni diya
10-Singhal ne ek baar kuch bola Maine dhyan hi Ni diya.
11- Confidence si tha but answer frame Ni kar paya ..

37. Real Warrior

date:02/03/2020 Duration- 15 to 20 min
1)What is your name
2)DOB
3) Graduation year
4)What you have done after graduation- I said done MA Pol Science
5) Work- freelance(blogger)
6) What else you have done- UPSC attempt, SPSC interview
7)what type of blog?
8) Are they paying well? I said no, not enough
9)blog on distance education- Are dist edu fill the gap of traditional mode of edu.
10) Do you agree Dist. edu don't provide quality edu?What needs to be done?
11) Why RBI?
12) Which dept you would like to work? I said Financial Inclusion
13) Why? Different products launched by RBI for financial inclusion?
14)Do you know aspirational districts?
15) which states doing good and which are lagging behind?Why?
16)diff between knowledge and skill? Can skill be transfer through technology?(Singhal)

38. Kunal
Lady member -

1. What is Microfinance ?
2. Does RBI regulate MFI ?
3. Microfinance crisis ten years back ? what do you know about it ?
4. What is IBC ? Tell me about DHFL case and unique point of it ?

Other Member -
1. Why are income tax people feared ?
2. What can be done to allay this fear ?
3. What are your budget suggestions ?
4. Why corporate tax reduced ?
5. Do you agree with govt decision on tax cut ?
6. Subsidiary of RBI required to pay a lot of taxes ? Made me Guess

Deepak Singhal -

1. Why chemistry ? what use it has ? Then SBI then IT now RBI ? Very haphazard decisions I see
2. Not satisfied with ans to above question. Again asked indirectly. What role you see playing ?
3. Why should we take you with only 18 months in SBI ? Why shouldnt we prefer another candidate who is
more experienced.
4. SBI is prestigious job. you left that wonderful opportunity. Was jt your decision or your Father's ?
5. Why central banks are needed. Why cant govt do it ? (Not satisfied)
North eastern member -

1. College history related questions.(He commented that you should atleast know your history)
2. You couldnt clear last year . What did you improve upon last year ?
3. Again he asked about career choices.

BB Joshi -

1. Tax collection shortfall ?

2. 1.4 lakh crore foregone had some factors missing in calculation. Could you tell ne those factors ?
3. Faceless assessment ? Why its being done ? What will be done under it ?

39. Vikash Raj

Asked about name of college and company, salary

M1: why you want to join rbi

M2 Why bank attracts you
Why we need regulator
Singhal : Why regulator is more important in financial sector
F1: Pros and cons of crypto currency
What is status of crypto currency in RBI
M4: difference between balance sheet of manufacturing and financial company
Why balance of financial company is more critical

40. Deepak

As soos as i entered.
1. You are working?
2. Why RBI then.( To which i said i am a knowledge driven person). Yahin se singhal ne palad liya tha pehle.
3. Pros and cons of Cryptocurrency (Fumbled)

2nd person
1. What is your job profile.
2. Satisfied with the job (I said all is well except learnig opportunities are very less and challenges are not
there)

3rd person.
1. What is liquidity trap. ( i said i have read sir but unable to recall)

Then comes singhal.

1. You are knowledge driven, right?
Tell me difference between knowledge and learning ( Ans : Learning is a process, knowledge is outcome)
2. you are knowledge driven but you havent done any diploma, havent read any books..fir ispe kaafi maaari
( I said i have read economic survey for last 2 years, anf also reading this hears.)
Next que : speak on this years economic survey for 5mins.( ans : I am still reading sir, read only 5 chapters)
Next que : Speak on last years economic survey for 10mins (Ans : unbale to recall last years)

Chairman joins singhal : if you are interested in economy, you will not be able to leave economic survey
from your hand.

Then chairman asked me to speak on economic survey of this year, ( i started from NBFc chapter, he
stopped me right therw and said this is not jow it goes. It goes with Ch1 of vol1 and then go in order)

Then chairman asked about green shoots in the economy (Ans : IIP, PMI index for last few months and rural
demand)

Last person : difference between Currency and money (i fumbled and got confused)

They said okay. Thats it. You can leave now

41. ISI wala Sadhu

I entered the room, greeted everyone individually and sat down.
Chairman: we have gone through your profile. We will ask you few questions: I nodded.
Cm:
Corporate tax cut..how much revenue forgone and how intended objectives will be met on ground? How to
compensate such a huge money?
I said..1.45 tn as per reports. It will compensate when results of higher investment will trickle down to
lower level and demand will rise.
Cm: no, tell me how it will be done actually. You know 1.45 tn is a very huge money.
Me: sir manufacturing sector me investment badhana chahiye:
Cm: no, tell me exactly how it will be done.
Me: after a pause sorry sir I don't know.
Then he signalled to lady member to grill.
Then lady member:
You know about Basel norms?
Me : yes
Tell us why they are needed.
I said to keep the system stable and wardoff the risks from the fin sector.
Then she asked ..Why we need LR and CAR both?
I said LR is voluminous measurement of this risk. It is unweighted ratio while CAR is risk weighted average
which shows sensitivity of the asset.
Then she asked about CCB and CCCB diff and significance? How much CCCB at present?
I don't know the exact fig for now but is it between 0-2.5
Then she asked:
Presently there is provision for cccb?
I said yes confidently ( I made here mistake).

Then NE memeber;
U r from iit..why not went to core..
I answered I prepared for barc, and ese. Cudnot cleared in first attempt. Next yr I met with an accident so
my right hand was fractured. Being from rural background I was having pressure to get a job, hence joined
sbi.
Why leaving SBI?
Sbi being commercial org, its functioning is different than regulators functioning. That's why I want to join
rbi to learn and get wider experience.
They (NE and Singhal):
You can also get wider experience at SBI also.
I said, there is concept of job family but it is not implemented yet. I have done certification in commercial
credit and I have been given task of accountant. So their are many such issues.

They said..Even in rbi you may be given keys of a chest.

All kinda laughed.
Then NE:
Why frauds are increasing in recent years? Is it regulatory strictness?
I said..Expansion of digital reach, strict measures fr RBI like PCA which is revealing frauds better than before.

Then
Left guy near me:
You have studies at Khairthal. Why is it famous:
(It was a bouncer): I recalled..Sir there is a very big agriculture mandi. It is largest in rajasthan I guess.
He said..Yes..Pyaz kai famous h..Hum vahi ki pyaz khate h. ��
Then he said..as u mentionedui PCA? What is this)?
I said sir, it checks the health of the bank whether it is well performing or not.
He said tell me the criteria.
I said three parameter..capital, return on asset and NPA. Also Leverage ratio.
He said ok.

Then he asked Originally from SBI or sbbj?

I said sbi but presently at erstwhile sbbj branch.
Post merger what are administrative issues at branch level?
I said..There are many. As most people had account both in sbi as well as sbbj. So de duplication issues are
huge.
He said but these things can be handled by system as systems are quite advance these days.
I said..But such system intervention led to issued in TDS issues due pan removal etc. Huge litigations were
caused and are still ongoing.
He said ok.

Fir SInghal Sir..( bura sa muh bnake)..kabhi branch head ki h?

I said.. sir..I am second men at the present branch.
He said Itna low volume h..kaise sunege sab?
I said sorry sir.
Then he asked Bank Kya h?
I said fin inst which performs the task lending by sourcing deposits.
He not satisfied..
I said fim inst which performs the task of credit intermediation and capital transformation.
He said ..You are using very big word.
Ok tell me bank Kaha define h?
I said BRA.

He said Nbfc bhi to h?

I said they can not issue cheques etc .
Not satisfied..
I said one more difference..
Not satisfied
I said..They can't accept demand deposits.
He said..Pehle hi bol dete..Itna gol gol kyu ghuma rhe.
Central banks ki need Kyu h?
I said..To .Maintain the trust in the currency and stability in the system so

42. SK
My interview experience
3/3/2020
Currently working as bank po
Chairman:
Year of birth
Degree
Current job

M1
Explain your duties in branch
That's it? Anything else? I am not getting what you do
Why RBI?

M2
Tell me steps taken to increase digital transaction (in my branch)
Some other bank related

M3
What is future of your bank
Why credit growth low

F1
Crypto currency
Is banning it right

Chairman: you may leave

43. Rocket Scientist

Transcript, 4th March, 4th person to go

Total time 25-30mins

Chair: talked about my work ex. Asked me what have you learnt that could be useful at RBI?

What's the difference between AI and ML? Whats deep learning?

What's Adam Smith's book on sentiments? Can you describe? (I had mentioned sentiment as a use case for
machine learning)
M1: how can you leverage DS for giving out corporate loans? Will the same principles apply as for retail
loans? How would you weigh different factors in retail vs corporate loans?

Singhal Sir: what are the various publications of RBI?

Few more questions about my hobby. This started with him and almost all members partook in the activity
asking follow-ups regarding utility to me personally, to my work, etc

M3: what all did you read to keep yourself updated with economy?

F1: since I had mentioned economic survey, she grilled me on global value chains chapter. Also asked in
which sectors can we get into easily?

And which sectors would I say that we're already doing good and are well embedded in GVC if any?

Finally, follow up to the same if corona virus hits India which downstream countries for indian exports
would be affected and by how much (not figures but to show how drastic would the impact be)

This is all I remember, I'll edit if I remember anything.

44. Thomas Shelby

Time - 16 minutes

Date 5/03/2020
Chairman sir asked me to be relaxed, told me it is only going to be an interaction, have some water and
then we may proceed.

Chairman - So you're XX year born and you completed your graduation in?
C - What have you been doing since?
C - Did you give any thought to doing some additional diploma or additional course?
C - That'd have given you relevant and additional knowledge, no?
C - Now you're well prepared? Is this your first attempt?
C - Have you read economic Survey? How many volumes are there? Which one did you read in full?
C - I'll ask only from first volume. Which chapter interested you most? What is it's title?
- Chapter 1 Wealth Creation
C - What is the full title?
- sir I think that's the name
C - No it has a very meaningful name
- yes sir, Wealth creation by the market forces and the hand of trust. Corrected myself "the invisible hand
of market forces"
C - Yes this keyword is important. So who gave this concept?
- Adam Smith.
C - In which book?
- Wealth of Nations
C - what is the full name?
C - So what is the argument in first chapter? What does author want to say? Summarise in 3 to 4 sentences.
C - What is the argument govt is trying to make? What is the trust mentioned and between whom?
C - There's another chapter cronyism? What does it mean?

M1- I'll ask you a simple question, what is a bank.

M1- So RBI is a regulator, basically protecting depositors interest. So does it have any framework for the
same?
M1 - How does it address customer grievances?
M1 - Is there any name for the scheme?
M1- Tell me more about it.
M1 - So it applies to all banks?
M1 - and NBFCs?

M2 - Have you read any other publication?

- Yes sir RBI working and functions.
M2 - Anything else?
- yes sir report on trends and progress in banking
M2 - which chapter appealed to you most?
- NBFCs
M2 - Why is that?
M2 - What are the problems?
M2 - How did it happen what are the problems?
M2 - Issues with it?
M2 - What has RBI done?

Lady - Are you familiar with monetary policy? Ok so again central banks worldwide are expected to reduce
rates.
So what do you think would be done by RBI in its next policy meeting?
- it's hard for the bank to cut rates further due to prevailing high inflation.
L - Can you tell me how the inflation dynamincs and rupee dynamics work?
L - Recently we introduced new tool for intervening, what was that?
- LTRO
L - Another way of infusing liquidity
L - No other than in bonds.
- Relaxation in CRR norms
L - No I'm talking about liquidity it doesn't serve that.
L - Anything like forex swaps?
L - what are they?

Singhal sir - So you never read economics or finance as a subject.

SS - So how did you prepare for whatever you have been talking
SS - Which publications?
SS - What else were you doing?
SS - Have you read any textbook in economics?
SS - What is the responsibility of reserve bank? To manage currency or to manage money?
SS - who manages money?
SS - ya so what is the difference between money and currency?
SS - so is money just a measure of value.
SS - haha no you have to say it once does it store value or facilitates exchange. Ok so what else money does?
SS - that's the same thing
SS - how is inflation tracked? Has RBI always been targetting CPI c? Difference between CPI and WPI?

M3 - These days coronavirus is affecting whole economy. There's noise that central banks should do
something. What can central bank do haha?
M3 - How would easing rates help?
M3 - Cost of finance will come down is basically what you're saying. What else can it do?
M3 - Can it do something sectorwise?

Okay thank you. You may leave.

45. Yagami
Interview transcript - 06/03/2020

C- what were you doing after leaving your job?

M1- what was your role as master trainer in digital payment? (profile based)
M1- one major difference between neft and imps
M2- what have you read for economy?
Ans- Ramesh Singh
(everyone started laughing)
M2-any other book?
M2- what have you prepared for the interview?
M2- what have you read from rbi website recently
Told them about yes Bank notification. (expecting questions from it but they didn't ask a single thing
related to that)
M2- publications of rbi
M2- have you read survey?
M2- summary of 1st chapter.
M3- don't you think you would have been a better asset for RBI if you haven't left your bank job?
M3- what were you doing all these years?
M3- again, don't you think you would have been a better asset for RBI if you haven't left your bank job?
M3- you understood the whole banking system in 7 months? (work experience of 7 months)
M3- your branch deposits, advances and CD ratio. (not able to answer any of these)
M4- how to safeguard against credit risk?
I told credit default swap(not sure in what context he was asking)
M4- does rbi regulate it or not?
I told not allowed in India as of now (not sure about answer). Told them the story of gfc.
M4-what are derivatives?
M4- use of derivative?
I told hedging. But he was expecting price discovery.
M4- if a person come for auto loan, what will you look solvency or liquidity? Choose 1 which is more imp
(not satisfied with the answer)
M4- why depreciation is charged by companies?
I told to get tax benefits as it is deducted from profit (I was not sure)
M4- any other major reason
I told that the money is kept in sinking fund later used to buy the new machinery after the life cycle of the
old one is over (not sure whether this is right or wrong, I was not aware of these facts)
F- told me about digital initiatives for payments.
F- what can rbi do to promote digital payments
(I replied advertise and promotion)
She said tell something technical.

I said I don't know.

46. CountryClub Management
Duration - 15-20 mins
Mumbai Jan'20
Chairman - Tell me about your acads.
Me - told briefly
Chairman - i will give you 2-3 minutes, speak on ongoing tariff war, he told how to structure it.
Me - talked about 2 minutes, from TW reasons. Chairman nidded hwen i said india made money on it, he
likes numbers. Second was when i mentioned China forex somewhere in one of mt points, singhal asked
whats its forex, told him. Chairman nodded second time and interrupted.
Chairman - Ok, tell something about digital finance in india
Me - talked about how it is increasing, instruments etc. Ended with last mile connectivity keyword.
Madam - What is ccil?
Me - (screwed up here) started by saying ccil is subsidiary of rbi and told its functions properly. Madam was
confused. I thought she is suggesting i am wroeng about its functions. So elaborated further. She again
gave a confused look and asked me what are rbi subsidiaries.
I told all but mentioned ccil again :-) and missed dicgc in excitement :'-).
Madam- did you look at the board near lift when u enter this building.
Me - sorry ma'am i was late so i was rushing to lift
(actually chairman also reached at same time and crossed me, i had wised him GM rushed. But when i
looked at him he gave poker face)
and hence could not see.
Madam - what us dicgc ?
Me - i quickly apologised and said sorry i missed it , then she corrected me by saying ccil is not subidiary of
rbi. I apologised again for the mix up, but wasn't stressed at all so i feel that went positive.
In fraction of second M1 asked
M1- you talked about last mile connectivity ,olease elaborate.
Me - did my best, also gave some real life examples.
M1- CIC is increasing how can we increase digital finance
Me - structured it in supply and demand perspective and answered. Ended answer with enabling more
innovation in supply side
Chairman- anything rbi has done recently?
Me- yes regulatory sandbox, thats what he wanted to hear, another nod.
M2- why stock market is up economy is down
Me - pe valuations are cheap in India visavus asia, liquidity , ..[Link] buying
M2 showed that he is satisfied but looked curious.
M2- and dii are not buying right, so down. (He said this in agreement to my answer)
Me - No on the contrary they are regular buyers especially after MFsshut door to NBFC.
He was truly satisfied with answer now.
Singhal - You name is Country Club right. I said yes.
So, why did u leave investment bank and what were u doing there?
Me - answered, but he wasn't satisfied, tried to grill.
I answered back..few more arguments and chairman signalled him to move to next question
Singhal - how much returns you generated ?
Me - answered.
Singhal - what are your achievements?
Me - tried telling something different apart [Link] and it was avidly listened by panel but not
sure if that went in my favour. Seems 50-50.
Singhal- which dept would you want to work in rbi?
Me - Told MPD is everyone's darling and people get to move to international organisations also.
Singhal interrupted and said we put PGs there yes ( i am a pg) but...
Before he could grill
Me - but my first preference is Internal debt management, foreign markets and operations and then MPD.
Chairman - thank you, you may leave.

Energy levels were up, made mistakes but wasnt stressed at any point of time.

47. Thomas Milin

What is fatf
Diff between grey and black lists

Today's newspaper news

Cryptocurrency verdict was rbi wrong
Adv of cryptocurrency
Is cryptocurrency a currency or commodity
Crypto currency generation
What is white listing
Diff between currency and money
Why central bank
Rbi annual report
Financial inclusion need, steps, challenges
Why RBI
Financial literacy steps
Why Ponzi scams
Why risk averse nature of bank
Economic challenges of present
48. Nikhil Singh
my profile Ihave worked in Power and oil gas Sector.

1. Why so much NPA in power.

2. What will you suggest so that banks can recover their money from power sector.
3. What are the other sources of Power govt is looking?
4. What was paris climate internally determined contribution?
5. Why hydro is costly?
6. Why so much fluctuations in O&G.?
7. What is resource curse?
8. Why govt bail out banks? why there is no system of bailout in USA
9. What is supervisory mechanism followed by RBI?
10. Why supervisory is with RBI? Why not a separate regulator.
11. What is DICGC.? Why limit was increased , won't this be a excess burden on well functioning bank.?
12. Why we need central bank?
13. How fluctuations in O&G will affect our economy.?In long term and medium term.
14. Has IBC done well vis - vis previous laws ? give few examples.
15. Why RBI publishes information on their website what is the need to do i?.
16 . NHPC ipo came 2 years back but not doing that well what is the reason? ( asked because of my back
groun)
17. Why suddenly PFC(power finance corporation) is not doing well?
[Link] taken by govt to improve the performance of power utilities.?
19. Difference between RBI and US Fed
20. quote the name of any central bank whose functioning is different from RBI.?
21. Why Hydro power is not promoted.?
22. What are AT1 bonds.
23. What is shale oil?.

49. Heavily Meditated

[Link] 2 march
[Link] new delhi
[Link]’s background –bsc maths honours and ba in political science and not working anywhere ,
though selected in ib acio and bank po owing to request of deferment joining letter .
[Link] of birth—valentine’s day 1997
[Link] of candidates –17
[Link] of members in interview panel—7 or 8
[Link] remarks—a)if panel gives me good marks, they are very scientific and if they give me bad
marks, they are pin head. Vested interest leads to biased observation.
b)reader’s descrition is advised
c)though utmost care has been taken, writer is free to make correction as and when required.
[Link] –17 min +x sec
[Link] in serial number 8,9,10,11,12,13,14 had similar experience.i was 14th .
[Link]—ur name, dob, etc, after that he asked no more questions.
10.80% of questions were asked by singhal and perhaps he didn’t have good tea this morning.
[Link] was 85%english and 15% hindi.
[Link] male 1. a)why rbi
Answer---work life balance+knowledge driven +facility to pursue ur own research
Singhal----why don’t u go to railway ? which organisation says we don’t need knowledge ? don’t u think
that if soldiers etc start seeking work life balance, it won’t be beneficial for larger social interest ? since u
have not joined rbi, how do u know there is work life balance ? from quora? How do u know that facts
online and on google are reliable
Answer—all crappy answers from my side, i am motivated to work in the central bank of largest
democracy on the planet and so professional and shit, could not convince shit.
Singhal----why central banks are needed? I said inflationary biases and deficit financing biases , he was
more or less ok with it.
Singhal---define work life balance
Answer—my only perfect answer in entire interview
Singhal—3 national and international challenges which our environment is facing? R u interested in
environment ? y ?
I answered fairly ok.
Unknown male 1—tell me name of reports of rbi
My answer---monthly monetary policy report and i was out. This was disastrous for me.
He remarked that perhaps u don’t read website.
( the framing of question was with ominous tone with singhal , male 1 was relatively far better )
Singhal---y did u study from private collage ? since 2017 , y din’t u do some course in economics ? don’t
u think ur background makes u ineligible for handling technical work ? u r even ineligible for writing the
exam for departments like depr.
Answer—would learn progressively in training and etc , could not convince shit.
Singhal--- do u think the regulatory and other functions of rbi should be separated ?
Answer –if the proposal is discussed, they yes. I m not familier with nuances of this proposal and etc.
Singhal—(perhaps because my answer on environment was ok or may be they had read my biodata
before my entering room) have u heard about teri?
Me—no
Singhal—my god ? u r interested about environment and no idea of teri? = do better pinhead candidate
=u r just basic==scolded me well
Singhal—money vs currency
Me ---blah blah blah
Singhal---tell me 5 properties of money
Me—store of value, unit of account and indivisible
Singhal---lets discuss y indivisible (not friendly framing of question)
Me—one more crappy answer
Lady member –should rbi micromanage things like for protecting environment ?
Me---answerd something like mneraga and nabard and etc and psl and not unprecedented and so on.
Unknown male 2—in ppp model and other industrial model, what is the difference between commercial
profit and economic profit .
Me---what the hell !!!

50. Neha
Interview on 12.03.2020 at Delhi. Duration: 20 Minutes
Profile: Btech IT,
Worked in a Bank
Currently working in LIC of India

Chairman : Good afternoon

So what is your name?

Looking at the biodata, your school is also good, you've done Licentiate from Insurance Institute of India,
you're working in LIC of India, You had your interview last year. So what went wrong last year?
What have you done to improve this year.
Are you giving any other exam?
OK the panel will ask questions now. I'll intervene when required.

Mam: You've written that you monitor audit and compliance at both Bank and LIC. So what is audit and
what is compliance? Why is audit necessary? Is there anything else other than this which is important? (I
talked about vigilance and internal processes, interconnectedness of various departments, then she said
have you heard of risk monitoring)
What is risk monitoring? What are the types of risk? Why is risk monitoring important?

M1: RBI has been in news recently. Give me 2 positive and 2 negative things that RBI has done. (
Positive: digital payments push, financial inclusion, cheap access to credit. Negative: Regulatory lapses
which led to Yes Bank, ILFS crisis etc. , Lack of Liquidity in NBFC sector, MSME sector issues)
So what has RBI done to take care of this?

Due to external benchmark linking, deposit rate will reduce, and that will effect pensioners. What is
your take on this?

M2: You've written a research paper on facial recognition. What are evolutionary approaches? What is
your paper about?
You mentioned diversification earlier. Do you think investing in IDBI was a good decision? What went
wrong with IDBI? When did the crisis begin? When were the loans granted to corporates?
M3( Mr. Singhal) : How are you so aware about IDBI?

Chairman: Both of them are dealing with IDBI and they know a lot about it too. That's why they are so
surprised on how you are so aware about it.

M3: What is the difference between currency and money? Why is RBI needed? LIC's IPO is coming up.
What are the general discussions within LIC? Shares will be given to employees? How will the pricing of
the IPO be done? ( I talked about red herring prospectus and book building process but he wanted
something else)

M4( Mr. BB Joshi) Talked about currency and money management. Then about the IPO pricing. What
are benchmarks on the basis of which you'll compare the listed enterprises. Cross questioning on the
same. In the end he explained that financial ratios of the enterprises will be compared and then the
prices will be extrapolated to estimate what price LIC can get.

He commented that instead of giving up on this question, you could've come up with something like this
and then told me to leave.

51. Crazy Diamond

2nd to go, 18-20 min

Profile: [Link] Honors, MA Public Administration, [Link]. Planning and Development; working in LBSNAA

Disclaimer: points in brackets are my own thoughts, observations, places I messed. Don’t remember exact
details of questions and answers apart from those asked by Chairman sir.
Knocked, Went in, looked around, greeted chairman and rest

Chairman: Sit down. We have information about you what you have given. Mentioned birth year, work
organization. Said good School and good institutions too, and subject is Public Administration. You are
settled in the national academy of administration, so why here.
Me: started to speak why I am interested in RBI, started with the work profile.
Chairman stopped me: Compare National Academy and RBI.
Me: first point would be …
Chairman again: It is a great institute.
Me (puzzled now): Sir. the first point would be that I am working in a contractual position and it is not
permanent, so I am looking forward to settle down in RBI. So…… (couldn’t say more as Chairman stopped
me, I wondered whether my 1st point was a fatal error talking about job security even though I was
brutally honest)
Chairman: Ok, It ends there. So, the question is XXX University, Pub. Ad., did you do [Link] too? Under
whom?
Me: Yes sir, Dr XXXXX XXXXXX, IIT-X
Chairman: What was the research topic?
Me: told about it in a few lines
Chairman: MA was in Pub Ad, so will ask only one question, time is limited and there are others to be
questioned too. Have you heard of new public management? who coined it? who criticized it?

Me: thought for a second…Sir it was propounded by Christopher Hood.

Chairman: Yes, Professor in Oxford. Who evaluated it and criticized by saying NPM Is dead?
Me: Sorry Sir I am not able to recall.
Chairman: So what was the sole contention/newness of NPM, 3 bullet points?
Me: Sir it has greater focus on privatization, work towards improving the efficiency of the system, (faltered
here as was not able to remember another point so took it to personal level) the work that I am doing is a
form of New Public Management as I have a contractual job with set targets and….

Chairman stopped me: So you said you have suffered due to NPM.. and a long statement about NPM
features, contractual management and the likes, neoliberal idea etc
Me (confused here): saying yes sir after each halt by sir. After his statement: Sir I believe it is good for the
institutions but sometimes people do have work load and other issues regarding NPM, personally I feel
that….

Chairman stopped me again, my confidence falling for sometime as I realized I said yes previously in the
“suffered” question: He mentioned about my work profile being operational in nature etc.
I continued my “yes sir” after each halt
Madam: you said you want me to work with the RBI, which function of RBI attracts you most?

Me (still recovering from Chairman’s statements, which though were not negative but were heavy for me):
Ma’am, would you like to know about the departments of functions? (shouldn’t have, as her question was
clear, but was still dazed)
Ma’am: which dept or functions

Me: told that I found that I have a background in commerce and finance and I had studied the subjects I
had I phase 2 (P.S. dunno why I said this, might have given a wrong impression as this was not relevant
here) and going through the whole profile I found that I would be keen to work in 3 depts if given a choice,
though I would be happy to work in any dept. 3 choices: department of Currency Management,
International Department, Consumer Education and Protection Department. And among the functions, I
was more attracted towards the developmental functions, research and data dissemination functions, and
currency management functions. (after my interview I had the thought that if I were an interviewer I would
consider the answer I had given to be a bit vague and unclear)
Ma’am: As you mentioned about CEPD, have you heard about citizen’s charter? Explain

Me: Yes ma’am, RBI has evolved some points as guidelines for customers which include 5 elements, such as
right to Suitability, right to transparency, Right to privacy…
Ma’am stopped me: Can you elaborate on right to suitability?
Me: ummm..I may not be right but right to suitability would include relevance of person who is
suitable….started fumbling and said sorry.
Ma’am and M2 together explained it is about suitability of product not person.
M1: In between have you tried for UPSC as you are in LBSNAA?
Me: Sir I have a research-based profile, and I got into LBS as I have NET JRF in 3 subjects, hence I have not
decided to prepare for UPSC as of now (last three words = I felt regret as soon as I said it)

M1: You are only taking RBI as of now?

Me: Yes sir, I am currently only focusing on RBI
M1: Why did you shift from commerce to Pub Ad?
Me: told about how Jan Lokpal movement was in vogue during graduation days and how as an avid reader
of newspapers I was influenced about how Jan Lokpal bill will impact the system and about the elements of
the system, hence skipping placements and choosing Pub Ad as subject for Masters which was available in
only 4 5 universities in India and getting through.

M1: Have you heard of Financial Inclusion? Your take on it with definition
Me (bankers might find my definition naïve and unclear): Sir Fin Inc is an attempt to reach out to the
unbanked population and it also tries to deliver timely credit at affordable cost to people who are not
giving it and RBI has tried various methods to promote financial inclusion
M1: A person is financially excluded if he is excluded to what?
Me: about a person being outside the formal financial network, if they are living in area without banking
outlet, and when people are not able to avail any kind of fin services at an affordable cost when they need
it (very vaguely defined by me as far I remember)
M1: You work in Uttarakhand, lot of areas there do not have branches so what have we suggested?

Me: (I was not able to remember any specific report or recommendation) the concept of BC and BF who
can ensure last mile connectivity and ensure financial services delivery, bank can reach to the people when
people can’t reach to bank (now I think back and feel: did he expect the 500 population hamlet should have
a banking outlet answer as per new Financial Inclusion plan report? Damn, I didn’t then, feeling bad now)
M2: What attracts a young man like you to Vipassana (mentioned in bio-data) which even we at our age do
not think of (with a wry smile)?
Me: Mentioned that I was doing academically very well, but I was going through a spiritual crisis (again an
honest answer, but was it relevant, as it might have given a negative impression?). about reading
philosophy books and religious theories but not able to get peace and solace….
M2: dad was in army right?
Me: Yes and currently with SBI
M2: Army and vipasanna quite opposite (did not know whether he wanted me to react or answer). Have
you heard of MCLR?
Me: Yes. Gave full form. Wrongfully mentioned that it is the base (messed up here) rate set by banks below
which no lending would be done.
M2 corrected me that both base rate and MCLR are different and I was confused bw the two. I apologized.
M2: What are we trying to move to and why?
Ans. Spoke about the external benchmark concept, 4 indicators. Forgot to speak about why
M2: But why?
Me: because RBI was feeling that monetary policy was not being efficiently done (should’ve said more)
M2: From where do we get the investors for Yes bank as not getting from abroad?
Ans: About what I understood from the news I was following that SBI HDFC and Kotak will be investing,
govt is encouraging Indian banking cos. (should have put in data etc, did not. Felt bad later.)
Singhal sir: being from Pub Ad, Indian banks seen as too bureaucratic. Talk about two advantages,
disadvantages of banks being bureaucratic.
Ans: 1 advantage strong rule of hand, can get work done efficiently + carrot and stick theory. 2nd about
complete control of funds and not depending on external agencies for reference (was not sure, was only
trying, I said things I shouldn’t have, by saying sorry not able to recall I could’ve escaped).
SS again asked about disadvantages: I answered- disadvantage include rigidity and inflexibility and how
processes suffer due to decision-making delays (fumbled a lot at this point). Another disadvantage would
be…… (forgot) sorry I can’t recall right now
SS: banks are between bureaucracy and organization. What is more suitable?
Me: I answered about being inclined to organization if given choice,
SS asked about advantages and disadvantages.
Me: fumbled and tried my best but it was unsatisfactory even to me, must have been for them for sure.
SS: Why central banks are created?
Me: started with conflict of interest…autonomy….
SS: you are right on conflict of interest but in what specific area
Me: gave 2 areas I could think about – if SBI made central bank in absence of RBI it will make policies acc to
their own capital requirement, if govt itself is a central bank, will make policies for its own interest in case
of bond markets etc (should have talked about fiscal resources etc also, I felt bad later.)
Joshi Sir: Meaning of my name?
Me: explained. (with a comment from SS)
JS: US $ why most accepted currency?
Me: historical reasons, fall of Bretton woods, highest market share around the world, greater dependence,
role in developed nations like Japan and Germany. IMF WB HQ in US, influence.

JS: Why not Renminbi?

Me: it will take a lot of time. Again mentioned historically. JS stopped and asked to look beyond historical
reasons. I said Chinese still not gained acceptability around the world and seen as a market rising rapidly
but causing imbalance in trade in countries so countries not ready to accept it like $ etc.
JS: If contract from a specific nation then which currency to trade in?
Ans: In bilateral I might prefer the currency concerned but in international trade certainly $ as most
accepted etc. JS stopped me again same thing with a smile. I said historical again (I was all tired now and
brain had nothing new to say, repeated same thing again)
SS: you are going around the same thing again (with a sarcastic laughter).
Me: sorry unable to recall (finally I had given up) SS explained it’s a hugely manipulated currency and JS
added about transparency of US trustworthy. I said I will surely look into it thank you sir.

End of interview……………………
52. Goel94
Chairman sir-
1) Where are you working? Nabard
2) prior to Nabard? Sbi for 3.5 years
3) Any gap? - No sir
4)which college?
4) Graduation stream?

Said(Mam will take over from here I'll ask when required)
Mam-

Mam-You've worked in SBI Industrial finance branch what ratios and aspects you look into while
giving the loan?
Me-Told about liquidity, solvency, profitability ratios. Interest coverage ratio. I told past credit
history record and bank accounts to gauge any discrepancy. She told you're missing one of the
important one. She told do you remember DSCR? I gave full form of it and told it's important.
Mam-Why NPA has increased to such level?

Me-I tried to tell from the starting 2000-2008 (chronology samajhiye types)

She asked abhi ka btao. I told about slowdown, various sectors impacted (aviation, telecom,
auto), twin balance sheet problem, over leveraged business, clearence issues. No cross
question further.

M1

M1-Why left sbi to join nabard?

Me-Told sbi is basically into implementation of policy. Policy formulation in Nabard related to
agri and rural development. Impacted lives of many people. Inclination towards it as I personally
belong to farming background.
Chairman sir barged in and said growth in sbi is immense will be able to touch lives if many
people.
Chairman-asked why nabard to rbi then with smile on his face?

Me-I told it's always better to work in a parent body and nabard is regulated by Rbi. Also the
mandate of Nabard is agriculture and rural development which is very limited but mandatory of
Rbi is very wide covers the whole economy.
M1-Then M1 mockingly said ab kha gya Agri and rural area inclination . Aur kuch btao.?

Me-I told it is an career progression for me Grade A to B. Said yes career progression is
important.
M1-Have you read IWG on Agri credit by MK Jain?
Me- Yes.

M1-Tell about the report?

Me-Told from the starting. (Chronology wise)
M1-Asked about recommendations?
Me-Told 7-8 to perfection. Luckily I've prepared it well.

M1-Have they recommended any change in psl targets?

Me-Yes. SMF from 8% to 10%.

M1-Something else about psl?

Me-Fpos with 75% SMF and credit upto 50 must be counted under PSL.
Seems satisfied.

M1-one critical recommendations you're missing about land reforms?

Me-Told about model land leasing act and an act currently in AP (land license cultivators act).
Tenant farmers unable to avail credit. These might help.

M1-Has RRB lost their existence?

Me-Told financial inclusion was their main purpose.

M1-Issues faced by RRB?

Me-Technology, competition M1-biggest liability for RRB?
Me-told NPA.

M1-He tell something else? Me-I

can't recall.
Ans was Pension I said okay.

Singhal sir (SS)-

SS-Difference between banks and NBFC? Me-

Told
SS- Follow up was Deposit insurance kaun provide krta.? Aur kitna h?
Me-Told
One tough question then.

SS-Why export invoicing is not done in rupees? Me-

Told rupee is not acceptable globally.
SS-Asked why?

Me-I told about 5 reserve currencies (USD, Pound, Euro, yen, yuan) Lack
of export exposure of India
India is a developing country Low
gdp
No cross questions then. (Don't know he was satisfied or not) SS-
Asked about NDS?
Me-I said couldn't recall.

M2

M2-Can blockchain help the tenant farmers.?

Me-I told projects have been implemented in the state of AP and Telangana. Land records and
land consolidation could be done. He looked satisfied.
M2-Again a question on RRB. Why RRB were formed? (As I mentioned in one of the timeline
mentioned as per MK Jain report)
Me-I told for financial inclusion. Less that 1% of farmers were under formal banking. To provide
credit to weaker sections, Agri and MSME.
M2-Asked what more?

Me-I told somewhat not satisfied.

M2-He told that employment factor .

Local sourcing of people and salaries we give to the locals are less. So a bank branch working
at a very low cost.

M3-(BB Joshi sir)

M3-Risks with banking? Me-

Told LIMCO.
M3-Difference between country risk and soverign risk.?
Me-Told
M3-Asked if you're worked in retail sector? Me-
yes.
M3-How do you finance a home loan.? Me-
Told.
M3-Risks in home loan.?

Me-Again told credit risk. He said aur btao.

Me-I told if we go at macro level. Liquidity risk. (Short term borrowing to long term finance
M3-Aur btao.
Me-I told if the person is unable to pay then the valuation of the property.
M3-Not satisfied. He said you're missing very important thing?
Me-I said sir can I get a hint. He smiled. M3-
Asked me to go.

As I was getting up. Chairman sir stopped me.

Chairman-we've gauged your knowledge on various aspects. Now I would like to have your
 opinion on public finance. Should we be rigid on FRBM targets?
Me-Told many sectors are under stress. Public spending is required. We should forgo frbm
targets because it's not a normal situation. Already escape Clause has been executed. 3.3 to
3.8%.
More money in hands of people

Consumption lead to- investment - employment - Gdp growth.

Chairman- no. I am very conservative I don't think it should happen. What may happen if we
forgo the targets?
Me-the confidence and trust of countries towards India might go.

I don't know if he's satisfied or not. Said okay okay you may go.

The board was cordial. Gave hints. SS didn't ask many questions from me. Interview was totally
different and profile based. I guess no question repeated for me. I think I've missed some
questions. Lots of follow up questions were asked.

53. Nandini
What all have you prepared for interview?
Which department are you most suited to?
What has RBI and govt. done for financial education?
Your bio-data shows training in Indian Railways,what was it all about?
How many attempts of UPSC?
Why do engineers take humanities optional,they can take maths as well?
What if not RBI?
Why central bank is needed?
What function only a central bank can do?
Currency vs money
Currency stability vs Monetary stability
How is Monetary policy transmission done?
Why don't banks transmit the repo rate cuts to the customers?
Difference between money supply and liquidity.

54. n
My 10th 12th grad college and marks, internship
Statements in med term fiscal policy statement (i didnt know)
Imf report on gdp projection
Difference in rbi findings and imf findings (i couldnt recall)
2 'c' s palakkad is famous for ?
Rbis monetary policy statement
Challenges in inflation and growth targetting
What is cyber hygiene. How to reduce cyber attacks in personal computer
Dept in rbi incharge of cybersecurity?
If i were to remove any of the banks from payment banks, rrb, small finance banks, nbfc, which would i
remove ? any other?
Income of rbi
Expenditure of rbi
Which dept of rbi is functioning with a fowad looking initiative (dept of payament and settlement)
Steps taken by payment and settlement dept?
Fees for neft ?
What is the need of a central bank?are govts short term focussed?
Even countries with no election have central [Link] why central bank?
Steps taken for women empowerment by rbi?
2new sectors in priority sector
Asked the souces from which i studied
Regading attempts in upsc

55. Blitzkreig
Cyber security Vs data security,
steps taken by RBI for data security,
Data localization norms,
Data Protection bill,
For how much you sold your startup,
P2P lending realted norms,
Disintermediation,
Money Vs currency,
Why central bank regulates other banks,
impact on data localisation on startups,
3 challenges faced by RBI,
Cryptocurrency judgement,
Meaning of proportionality etc.

56. Dhanyatha
Profile: BE (Telecom) , ~1.5 years experience in Data Analytics

Chairman: Are you currently working? What was the announcements in budget for FDI? Did you read
the budget? If you did it hen why don't you know this? What was announced for agriculture? How
many point plan? (Had to repeat answer twice here coz he didn't hear me)
Tell me 3 innovative and new points in that? (Panicked after previous thing and told only 1)

Madam 1: You worked in Mu Sigma. (I told the most recent) What's the recent news regarding this?
She was like oh I didn't know this, but I'm talking about promoter issue. (Told that maybe not
very well)

What's CISO? ( I don't know. She was really surprised I didn't know and was like you've never
What is cyber security? What are the guidelines given by RBI for this? (I don't know) heard of it)
Don't you update yourself with things related to your field? (Cyber security is not my field though)
What is digital currency? Pros and cons of cryptocurren Does it have any backing? cy? Does our
currency have a backing? How does it give that?

Madam 2: How does RBI communicate with people? What are the reports released by RBI? Read
annual report fully?

Sir 1 (to my immediate left) Questions on board members Qualities they need to have 5 members of
banks you tell me from what all fields I have to choose What role does/ should RBI play in
selection of board members? Does it have a say for selection of board members in all banks?

Sir 2 (next to him) Is money IRAAC? and currency same? Different? Singhal Sir Gave me a
monologue about my company about what a good company and field it is in. Then he asked why
do you want to leave that? ( I heard him murmur that maybe Tried answering wrt RBI He's like
that's fine but why leave data analytics? Answered something we can argue it out ) and he was like
okay. I dunno if he liked my answer and decided not to cross question or didn't like my answer
and didn't cross question.

57. Phanindra T
BTech (mech), 3 years working in oil and gas industry.

Chairman: you have appeared for interview last year too, so what do you think went wrong
Me: last year I was very tensed and couldn't answer well.
CM: so how are you feeling now?
Me: I am very cool now and not at all tensed.
CM: did you read the budget
Me: I had a glance sir
CM: tell me the big bang reforms from budget in FDI
Me: thought for half minute and said can't recollect
CM : what's performance budget
Me: tried answering but he was not satisfied
CM: one more question on budget which I couldn't answer.
Madam 1:
Why not join Mechanical job.
Operation twist, why required, it's working and affects.
I have explained in simple terms but she insisted on using terminology.

Madam 2:
How the policy corridor works, asked the present long term interest rates.

Singal sir:
Definition of banks, NBFCs, why central bank, affectiveness of monetary policy transmission and lot's of
cross questions. Also one general discussion on how Hyderabadi can speak Hindi well.

Sir 1:
Questions on my previous company and my profile

Sir 2:
Types of contracts and what's swiss model.

Overall panel was cool, few generic and few profile based.

58. Kanika
CM: Do you know about commerce policy of India? Details of it
What is there in ec. Survey for commerce?

Ma'am: why payment banks were launched?

Problems faced by them
Solution for the same

Sir 1: measures of money supply

Other name for M3
Y M0 called high powered money?
Do you know milton friedman?
His contribution
Any other school of ec. Thoughts u know?
Which school of thought india uses and why

Sir 2: what is forex?

Why we invest in US treasury and not chinese? Forex balance at present
How is the amount of forex decided
Sir 3: Have you heard for CARO
Y left job?

Singhal sir: difference between debate and declmation?

Which is better and y and some ceoss questions?
Y not masters

Sir 4: y US dollar appreciated in 2008 crisis.

Cant recall other questions

59. VP
Over all duration – 10min

1. Chairman: a. Read out 10th, Intermediate and graduation marks – to make me feel comfortable b.
Asked about experience in CPSU c. What is CSR and is it mandatory? d. Who levies fines and take actions on
CPSEs? e. How Fin Min, CAG looks CPSEs f. Do we need CSR provisions?

2. Lady Member 1 a. What are the steps taken to prevent pollution in my CPSE? b. What are the reasons for
the global warming? c. How global warming a risk to banks?

3. Lady Member 2 a. What are the embedded security features of currency note? b. What is money
laundering? c. What are the ways in which money is laundered? d. What are shell companies? e. Where are
shell companies located?

4. Singhal Sir a. What are the advantages and disadvantages of fossil fuels? b. What is geo thermal? And
follow up questions c. Various alternate forms of fossil fuels that are environmentally safe. d. Why are we
importing coal ?

5. Male Member 1 a. What are the financial statements prepared by companies? b. Where is the
provisioning made by banks is reflected- in which statement? c. What is fracking?

6. Male Member 2 a. Jail term for CSR and do we need to remove CSR? b. What can be done instead of
removing CSR? c. If jail term is removed for not complying with CSR -then what can be done? d. RBI taking
FIs to IBC process- what is the conflict of Interest involved in this? Overall- Panel was cordial and supportive.

Was not able to answer 3-4 questions. Ended in a positive note.

60. Bhava
Profile: Bcom hons grad. No work experience.
-3mins speech on E-commerce, Information technology act
-Recent RBI's development on E-commerce
-Forensic audit
-Does Banks do forensic audit
-If so which all banks does?
-What is FDI
-Will Trump's visit increase trade in our country
-What is write off
-What is exposure
-Prudential write off
-Difference between financial statements of Banking and other companies.
-Difference between IndAS financial statement and old financial statement.
-What is the effect on profit and loss in a balance sheet. Why are they accounted the way they are?
-Why no masters after Bcom?
-What kind of risk did PNB face due to Nirav modi scam? Explain the case.

61. Cherry Blossom

Chairman Sir -
what's your name?
Tell us about your education. From where you did and what?
So you have done PG in economics. What was your percentage?
You completed your studies in 2015. What were you doing in between?
Now others will start asking questions, I will join later if the need be.

Mam-
So Priyanka you have worked with two PSBs. Do a comparison of both.
...
No. No statistics. Tell me your experience.
Okay. You must have heard about frauds in the industry. Can you tell me the quantum?
Tell your views on it. You have taken some big names now.

M1 sir -
Miss, its mentioned here that you participated in track n field events in college? Which one?
Singhal sir in between asked about my timing.
M1 sir - some discussion on the same with me n chairman sir.
Why do you want to join RBI? What was your specialisation?
(Monetary Economics)
Tell me the difference between classical School of thought n difference between that n neoclassical theory.
U aware of the concepts of money supply? Okay. Which one we use? Y? What about money multiplier?

M3 Sir -
So you have experience in Banking, tell me about treasury dept (no exposure to the same. I have
throughout worked in retail advances).
Why do banks deal in that? Heard about any balances to be maintained anywhere? �(Duh)
Okay. Now tell me about nostro n vostro accounts. Why the need?

Singhal Sir -
Okay so you have done PG. Why not UPSC. Isn't it a norm in Bihar?�
What are your alternatives now?

M1 sir again - Tell us about your family and your background.

M4 sir - Have you heard about IBC?

Tell us about its ......(some word i can't recall but it meant effect) and the challenges.
Some amendments were made. Can you list them?

Chairman Sir -
Tell me about the role n responsibility of ED.
One another question about some pricing which i had never heard before.
Panel was extremely cordial and very thorough. Unfortunately, I can't say the same about my preparation.
Will appear again next year, better prepared.

All the best to everyone.

62. Amarender Reddy

My questions are like what is difference between trade and Commerce WTO World Trade Organisation SBI
positive three points negative three points what is the training and what did they tell about RBI in sbi po
training Bimal Jalan committee 2 recommendations and definition of bank with respect to issue of cheques
Basel norms liquidity coverage ratio leverage ratio and net stable fund ratio MS EMI and startup out of my
question Sub question you can say and what is the difference between SBI merger with its Associates and
present merger of different banks

63. Spaidalar

Me: Good Afternoon Sirs/ Good Afternoon Madams,

Ch: Take seat Me: Thanks sir. Ch: Which area of Finance you are interested?
Me: ....(pause for 2 seconds), anything, mainly banking, fintech..

Ch: I will ask three questions, tell me answers. What is Business cycles? What are the Countercyclical
measures? What are BASEL 3 guidelines?
Me: Business cycles means, for example, any business has good times and bad times like in festivals, the
jewellery industry has a good cycle or more business. Countercyclical measures mean taking measures opposite
or nullifying the effects of a cycle. LIke if the economy in bad condition, we should take more spending like
that.
Me:(I was trying to remember 3rd quest)

Ch: Base III guidelines... What are the important things or pillars of Base III
Me: Capital Adequacy, Supervisory review, market disclosure.

Ch: what are the important guidelines, what BAse 3 says

Me: for example..

Ch: Don't take examples, directly say

Me: CRAR: 8%, CCyB=0-2.5%, Conservation Buffer=2.5% and some other ratios

M1: You are working in Andhra Bank right,

Me: yes sir

M1: Now Andhra Bank, Corporation Bank and Union Bank are going get merged, so what are advantages for
consolidation of mergers?
Me: Big banks have many advantages like the efficiency of resources, have good technology at less cost,
economies of scale, and being big bank they can have adequate capital to absorb losses/risks, and can compete
with international banks.

M1: You do CTS clearing? what is CTS?

Me: CTS is Cheque Truncated System. like collecting different banks cheques and scanning them and sending
only scanned images to service centre thereby distributing to respective banks. Essentially CTS truncating the
transmission of Physical cheques.

M1: Who operates CTS?

Me: RBI Sir.

M2: Why did you do MA after [Link] in Nalanda?

Me: I was childhood onwards, I was fascinated about education and knowledge systems. So after completing
[Link] I have seen the news that Govt is reviving our Ancient Nalanda University, So i was happy to learn and
went to Bihar and joined there.

M2: Oh you attend university?

Me: yes madam, it was 2 yrs residential course, I went to Bihar and studied there.
M2: you mentioned that You want to do CFA after joining? what is CFA?
Me: Its Chartered Financial Analyst, is well-known charter in the financial world given by a US institute.

M2: Why do you want to after joining RBI? why not now?
Me: I am already preparing madam now. Next year I am applying for level1. After getting merged in UBI, i will
get reimbursement also, so I will write then.

M2: Tell us two reasons, why RBI should take you?

Me: I feel, I can deal with multidisciplinary things, and I can excel in any subject. And I have confidence that I
can perform better in any department of RBI. So that's why maybe. (I could have said more and nicely).

M3: in CTS, are there non-cts clearing also running now?

Me: No madam, last year only RBI discontinued it.

M3: You can't process non-cts clearing now.

Me: yes madam, we can't now, but we can send it by physical transmission.

M3: you are preparing CFA na, so what is IFRS?

Me: Indian Financial reporting standards...?(doubt, r u asking about this madam)

M3: yes reporting standards. Why its required?

Me: to have a set of standards uniform across all countries, internationally.

M3: but we have already like

Me: Indian Accounting Standards (Ind AS).

M3: yes, why these

Me: It will help regulators, government to analyze

M3: just these two institutions,

Me: no many like shareholders, employees, investors,

M3: yes investors, how it will help them?

Me: They can analyse them easily can compare with others

M3: yes its easy for investors to compare different companies financials, if they are uniform and follow set of
standards.
Me: okay thanks madam.

M4: Mr. Sreenivasa,

Me: yes sir,

M4: What are payments banks?

Me: Payments banks are generally they accept deposits upto 1lac, and don't give any loans. They are actually
for small traders or poor people for low-cost financial services. Its for financial inclusion.
M4: Sreenivas, do You have any problem in your eye(eyeball somewhat tilted on my right side)
Me: Yes sir, I don't any vision in my right eye

M4: So you applied in .....

Me: PH, No sir, I couldn't apply in Physically handicapped category, As I have just 30% PH.

M4: to apply we need more than 50%

Me: yes sir, more than 40%,

M4: oh 40%. Ok, how RBI regulates and supervises banks?

Me: There are many ways RBI regulates like starting from registration of licence to giving directions, guidelines,
and asking for reports like ADF, Automatic Data flow

M4: ADF? it's already running/in use

Me: yes sir, ADF is already in use. Most of the banks implementing this

M4: ok M5: What are 5 reasons for NPAs?

Me: Starting from bankers perspective its bankers whose poor credit appraisals, Willful defaults, frauds, may
be external factors like an economic slowdown, unforeseen events.

M5: If I say 70% of NPAs is because of Govt. what is your take on.
Me: 70% of NPAs......(?, I couldn't hear properly)

M5: 70% of NPAs are because of Govt, what you will say? Will you agree? If you agree why so.
Me: There may not be direct reasons sir, but there may be indirect reasons for it.

M5: Like,
Me: Like had govt implemented IBC(Insolvency Bankruptcy Code) 5yrs earlier, we would have decreased these
NPAs.

M5: Ok you may leave Me: Thank you sirs, Thank you, Madams.