STATE STATE BANK OF INDIA interview questions :
A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital surpluses. State Bank of India (SBI) is the largest banking and financial services company in India by revenue, assets and market capitalisation. It is a state-owned corporation with its headquarters in Nariman point , Mumbai.
2)Who is the Chairman of STATE STATE BANK OF INDIA?
A) Shri Pratip Chaudhuri
4) What is the punch line of STATE BANK OF INDIA?
A) nation banks on us
5) When was STATE BANK OF INDIA nationalised?
A) in 1955
7) Can you tell about Network of STATE BANK OF INDIA?
A). NUMBER OF BRANCHES OF SBI IN INDIA………..14000 branches, HEAD OFFICES OF SBI IS IN NARIMAN POINT , MUMBAI……….. SBI has 14 local head offices and 57 Zonal Offices that are located at important cities throughout the country. there are five associate bank of SBI ., NUMBER OF ATM OF SBI IN INDIA……over 26000 ATM'S
Apart from its five associate banks, SBI also has the some non-banking subsidiaries: •
SBI Capital Markets Ltd
SBI Funds Management Pvt Ltd
SBI Factors & Commercial Services Pvt Ltd
SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
SBI Life Insurance Co. Ltd.
SBI General Insurance
The circle depicts perfection and the small man the common man - being the centre of the bank's business. •
Slogans: "PURE BANKING, NOTHING ELSE", "WITH YOU - ALL THE WAY", "A BANK OF THE COMMON MAN", "THE BANKER TO EVERY INDIAN", "THE NATION BANKS ON US"
8)Why do you choose clerk job as your career ?
A) “Job Security and Job in STATE STATE BANK OF INDIA is a privilege and it is a service to nation” SBI creates a work environment that promotes growth, team work, innovativeness and challenging goals. SBI recognize aspiring individuals providing them with opportunities to fulfill their dreams and perform to their true potential. Products of SBI
Credit cards, Consumer banking, corporate banking,finance and insurance,investment banking, mortgage loans, private banking, wealth management
CURRENT REPO RATE…..current repo rate is 8% Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get Money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive RESERVE REPO RATE....7 %. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. Banks are always happy to lend money to RBI since their money are in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. CURRENT SLR….Statutory Liquidity Ratio refers to the amount that the commercial banks require to maintain in the form gold or govt. approved securities before providing credit to the customers.Here by approved securities we mean, bond and shares of different companies. Statutory Liquidity Ratio is determined and maintained by the Reserve Bank of India in order to control the expansion of bank credit. It is determined as percentage of total demand and time liabilities. Presently the SLR is 23 % CASH RESERVE RATIO…….This is the amount of money that the banks have to necessarily park with the RBI. The base of this is the total of the deposits that a bank has. The RBI pays the bank interest on the amount parked with it. BANK RATE………is the rate at which central bank of the country (in India it is RBI) allows finance to commercial banks. Bank Rate is a tool, which central bank uses for short-term purposes. Any upward revision in Bank Rate by central bank is an indication that banks should also increase deposit...
Please join StudyMode to read the full document