Answer / shruti

hi again...


sorry forgot to tell that as Hetal said CRR is the ration in
which banks are supposed to keep the amount in liquid form ,
it is the amount they are supposed o deposit with RBI
ensuring safety of their deposit n as a surety od their
liquidity that the bank is sound enough to meet its
customers requirements. As OBC branch of some city about 3-4
years back was merged in SBI or some other banks as it was
unable to maintain its CRR.. so its deposited with RBi not
kept with banks coz if they have it they would lend it too n
get bankrupt...


alright


keep this knowledge hub busy....:)


night!!!

Answer / parag

hello guys,
1st of all i wud lik 2 say congratulations 2 every1 who has
clrd d xam..well guys i wud lik 2 share sumthng wid u..hope
u find d information useful...

Repo/ Reverse Repo It is a transaction in which two parties
agree to sell and repurchase the same security. Under such
an agreement the seller sells specified securities with an
agreement to repurchase the same at a mutually decided
future date and a price. Similarly, the buyer purchases the
securities with an agreement to resell the same to the
seller on an agreed date in future at a predetermined
price. Such a transaction is called a Repo when viewed from
the prospective of the seller of securities (the party
acquiring fund) and Reverse Repo when described from the
point of view of the supplier of funds. Thus, whether a
given agreement is termed as Repo or a Reverse Repo depends
on which party initiated the transaction.

The lender or buyer in a Repo is entitled to receive
compensation for use of funds provided to the counterparty.
Effectively the seller of the security borrows money for a
period of time (Repo period) at a particular rate of
interest mutually agreed with the buyer of the security who
has lent the funds to the seller. The rate of interest
agreed upon is called the Repo rate. The Repo rate is
negotiated by the counterparties independently of the
coupon rate or rates of the underlying securities and is
influenced by overall money market conditions.

The Repo/Reverse Repo transaction can only be done at
Mumbai between parties approved by RBI and in securities as
approved by RBI (Treasury Bills, Central/State Govt
securities).

Uses of Repo
It helps banks to invest surplus cash.
It helps investor achieve money market returns with
sovereign risk.
It helps borrower to raise funds at better rates.
An SLR surplus and CRR deficit bank can use the Repo deals
as a convenient way of adjusting SLR/CRR positions
simultaneously.
RBI uses Repo and Reverse repo as instruments for liquidity
adjustment in the system.

Repo Rate is the rate at which the RBI buys government
securities from the market to infuse liquidity in the
system.

Reverse Repo rate is the rate at which the RBI absorbs
excess bank funds by selling government securities in the
market.

Cash Reserve Ratio is the percentage of bank deposits which
are statutorily parked with the RBI as reserve.


Current Account Transactions where the payments are income
for the recipient. A country's balance of payments on
current account includes trade in goods, or visibles; trade
in services, or invisibles; payments of factor incomes,
including dividends, interests, migrants remittances from
earnings abroad; and international transfers, that is
gifts. Current account is contrasted with capital account,
where transactions do not give rise to incomes, but
represent changes in the form in which assets are held.

Current Account Deficit (/Surplus) An excess of expenditure
(receipts) over receipts (expenditure) on current account
in a country's balance of payments.


Prime Lending Rateis the benchmark rate for all bank loans.
The PLR has been the rate at which banks lend to the best
borrower—one who is the safest or the least likely to
default on the loan. Earlier, banks could not lend below
the base rate, but along with more liberal financial
markets came the freedom for banks to fix rates below the
PLR.

So guys, hope this info wud alleviate sum tensions n
worries dt u hav....n keep posting ur answers...rock
on!!! :-D

Answer / neeraj mittal

Hi
Congrats to all who have qualified for the interview. My
interview date is 21-10-2008. Thanks for the help you all
are providing to each other.

Now the for the question of Finance Secretary :-
Arun Ramanathan is new Finance Secretary.

Ramanathan takes the place of D Subbarao, who succeeded Y V
Reddy as the RBI Governor.

Ramanathan will also continue to hold the post of Financial
Services Secretary.


And please continue to post the interview question u
found..... i am also trying to find out some....

my id is neeraj.m83@rediffmail.com

Answer / hussain

Hello Frnds
im hussain and my interview is scheduled on 25th of Oct at
hyderabad
i head that the selection is based on the marks u secure
both in written text which we have already qualified and
the interview. a total 240 marks
Written Test - 200
Interview - 40
--------
Total - 240

The interview panel consists of 3 members
they have called candidates on 1:3 ratio to the posts
available.
They may ask some 5-15 questions
the questions may be from

1) Personal Bio-data
2) Educational Qualification
3) SBI, RBI, Other bank related infor.
4) Latest Cuurrent Affairs like LHC, Nuke Deal etc.
5) Personal Strength n weakness
6) Computer basics
..............like tat

only answer them tat u know other wise just frankly say
'sorry' i dont know dont take much time in thinking abt
that. Dress formally and it doest n it doest mean to dress
in a suit, tie is must not like dat u just wear some formal
light color shirt n tuck dont wear anything for the first
time for the interview u may feel discomfortable so wear
according to ur comfort.

While going to the interview just be cool n feel like tat u
already had selected for the job n its just a formality.
tats all

All the best Guys....

Please frds share ur interview experiance with me
my email is shah4uhere@yahoo.co.in

Answer / rajesh

Hi all

@ tarun

I think the advertisement was given before the
implementation of 6th pay commission. Is there's any change
now?

If it's remain then wat's the use of joining in this job.
Even though we are secured, this is not sufficient. we will
become beggars if we want to run the life in this salary.
jus think of the guys who didn't have any wealthy
background and as their hope with a family which depends
only on him.

We can't get proud if we get this job. Moreover in that
same advertisement it was mentioned that we are going to do
the work of marketing executives of private bank. we have
to canvass customers, we must be ready to travel anywhere
(without any special allowances ,i think)and even ready to
work in shifts like in BPO. We are going to be first batch
for future banking. change your mind if you keep the
present banking activities and the mentality of present
staffs.( like enjoying, no hard works, no need to strain,
etc etc)

We have to compete with private banks.

As SBI is planning to give tough fight to private banks ,we
are going to become the baits to attract customers.

If we work hard in private banks , we can earn more than
20k with commissions + perks etc etc. But if we do the same
in SBI , we didn't going to get anything.

I m having some good background and i have to be in a job(
whatever the salary ). But think of the friends who are
strive to get this job.

but even though i didn't going to tell abt my sal to anyone
if i have been selected.to my concern this job is

I m awaiting for your reply, friends. Tell your views. If
i had told anything wrong means ,you are invited to point
it out.

Answer / sumi

Hi frnds
Good going!!
Hey Gopinath!!
I am CompSci graduated and passed out this year
My interview is on 16th.

Answer / saurabh

hi this is saurabh from jaipur and will be facing interview
on 16-10-2008.i got some good stuff about sbi.please check
this out.........

Government acquires entire RBI shareholding in SBI
In its biggest ever cash purchase, Government on 29th June
2007, acquired entire Reserve Bank of India (RBI)
shareholding in State Bank of India (SBI) consisting of
31,43,39,200 equity shares with face value of Rs. 10/- each
@ Rs. 1130.35 per share at a total amount of Rs.
35,531,33,14,720 (Rupees Thirty five thousand five hundred
thirty one crore, thirty three lakhs, fourteen thousand
seven hundred twenty).

Though, SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997, known as Takeover
Regulations, per se were not applicable in this
transaction, for sake of greater transparency, the
valuation of RBI stake in SBI was worked out as per SEBI
guidelines taking 28th February, 2007, as the “reference
date”, the day on which the decision of the Government to
acquire RBI stake in SBI was announced by Finance Minister
in his Budget Speech and the intention of the Government to
acquire SBI was made public. Government has also decided to
acquire RBI shareholding in NABARD and NHB by June, 2008.

The Committee on Banking Sector Reforms (Narasimham
Committee II), inter-alia, observed that it is inconsistent
with the principles of effective supervision that the
regulator is also an owner of a bank and this would require
the Reserve Bank of India (RBI) to divest its holding in
banks and financial institutions. In its Monetary and
Credit Policy for the year 2001-02, RBI announced its
intention to transfer the ownership of shares in State Bank
of India (SBI), National Housing Bank (NHB) and National
Bank for Agriculture and Rural Development (NABARD) in
favour of the Government of India. Accordingly, RBI sent a
proposal to transfer its shares in these entities to the
Government of India. RBI holds 59.73% stake in SBI, 72.50%
in NABARD and 100% in NHB.

Finance Minister, in his Budget Speech for the year 2007-
08, announced the proposal of the Government to acquire
entire stake of RBI in SBI, and provided a sum of Rs.
40,000 crore for transfer of RBI shareholding in SBI to the
Government of India. An Ordinance was promulgated to
provide requisite statutory provisions in State Bank of
India Act, 1955 to facilitate this transaction, and
Government appointed 29th June, 2007 the date for transfer
of stake.

Answer / jay

Hiiiiiiiii friends........!!!!!

I didn't got my call letter so I printed that one from the
SBI site........now I don't have that no. which is 4 or 5
digit after our name I don't know what no. it is because no
any no. is there.......so what i will do??????? is that
necessary.......what i can do if i want to know that
no.??????????????

thankssssssssssssssssssss

Answer / vivek,

The small hole is the customer, and the blue band is the bank.
The cash flows from the customer to the bank, which then
flows to areas far and wide.

Another terminology is that the bank (the blue band),
protects the customers, depicted as the key hole (or
safeguards the customer's money) by the form of a blanket
over the customers.


Regards,
Vivek.
teamvivek@gmail.com

Answer / gopinath

HI Folks

I jus finished my interview. It's really a good and nice
experience. It's nothing. Feel free and relax and answer
their simple questions. that's all .Here's my experience .
There are 4 members
Ist Member

What do you know about SBI?
Why do you want this Job?. That's all . The answer's are
discussed many times in this forum

IInd Member ( I m a Computer Science Student)
What are the benefits of a Laptop ( Ans : Less Weight,
Mobility, Portability, Able to access internet anywhere)

What is a LAN ( Ans : LAN is a acronym on Local Area
Network. Its a connection of various computers through a
fibre optic cable or sometimes through wireless. The second
member told "good". But i think i didnt told him clearly)

Which one is good storage device A PC or A Laptop ( I told
Laptop, as we can carry it with us anywhere and the data's
are more secure if it will be with us)

IIIrd member

(I specified "Travelling" as one of my interest)

He asked what are the places you went and for what purpose (
I told mostly all over India.Mostly to visit temples)
And he ask how to do marketing ( I told first we have to
know the need of the people and have approach them directly
and explain how our product fulfill their needs and benefits
of using our products). he is very much satisfied

IVth member
He asked Define Money
I told its using to exchange goods. But he asked again the
same question and give the word "medium".And i catched that
word and told money is a medium to exchange goods.He told
its correct

This time I failed to answer

he asked "In our country we are using paper and metal for
money . ie coins and rupee notes. In which country plastics
are used as money." Since i heard the word " plastic money"
, i start telling the benefits and disadvantages of plastic
money.

But with a smile he repeat the same question. This time i
told " sorry , i dont know"

Finally the ist member asked whether i would leave this job
if i get better job in MNC and why( as i m a comp.graduate).
I told no and told the social security, job safety which can
get through this job

That's all
Two questions each of the members. It took hardly 10 mins
And I hope i had done well.

SO jus relax and face it with confidence , friends.

Surely we are going to get that job. Let's form a new
community after we get appointment order and keep on touch.

my id : jgopi27@gmail.com

C U Again. Take care. and thanks to the friends who gave
valuable suggestions.

Best of Luck

what is relations between banks and stockmarket

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Friends! Any body got sms who r not selected for clerk in associate banks of sbi ??? b'caz last time the people who r not selected also got sms. what about this time ? is there any second list.......

0 Answers  

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pls send me clerical exam paper in mail. raj_manishbhai@yahoo.com

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0 Answers