For some time now, India’s banking sector has seen rapid expansion as well as change. In terms of both quantity and quality banking has become an interesting choice for people aspiring for various careers due to increasing public and private banks as well as digitization of financial services. Interviewing for a banking job is an important step. To assist you in your preparations for bank jobs, this blog post will provide questions that are frequently asked during banking exams and sample responses.

Common Banking Exam Interview Questions and Answers

General Questions:

• Why do you want to work in the banking sector? 

  • Answer: You’re going to tell them why you’re so keen on banking and finance. If you have a particular interest in finance, talk about it here and emphasize how much you want to make a difference in terms of economic growth. In addition, state some specific things that appeal to you about the field like its stability, variety of career opportunities available or even making positive change in people’s lives.

• When it comes to our bank what do you know?

  • Answer: To answer this, do an in-depth study about the bank including its mission statement, core values, recent successes and how it sets itself apart from other banks. Moreover, it showcases an understanding of the bank's products and services as well as its marketing stance.

• Tell us something about yourself.

  • Answer: Create a brief yet captivating self-introduction that focuses on your qualifications, background, and aspirations. Customize your reply according to the demands of the banking job you are targeting.

Technical Questions:

• Debit Card & Credit Card: What's the difference between both?

  • Answer: Using a debit card involves accessing your own money while credit cards are linked to a line of loan, which you should repay at the end of every month or during a specific period. According to loan institutions that give out such cards they charge customers varying amounts of interest as per their repayment history. Moreover, debit cardholders have no chance of getting into debt. On the contrary, if an individual used their credit card beyond their limits they would have to pay back not only what they spent but also the interest charged on it.

• What does the RBI do?

  • Answer: Deliberate on the main roles of RBI like developing monetary policy, regulating banking and other such activities. Emphasize how it has been critical in maintaining financial stability as well as promoting economic development across the board.

• What is compound interest? 

  • Answer: Give an overview of its definition together with a thorough explanation of its functioning. Give an instance that demonstrates your comprehension.

• What is a financial derivative?

  • Answer: Financial derivatives can be defined as contracts whose value is derived from the value of underlying assets. The common types of financial derivatives are futures, options, and swaps. They serve to manage risk and speculate on market movements.

Behavioural Questions:

• A moment you faced a tough situation and how you managed to face it.

  • Answer: Provide a concrete instance exemplifying your problem-solving skills, determination and ability to learn from mistakes. Stress the way you handled the issue and positive results.

• Tell us about the circumstances when you had to work under pressure.

  • ​​​​​​​Answer: Give a case of a circumstance where you have effectively overseen a high-pressure workload. Talk about the procedures you utilized to prioritize errands, meet due dates, and keep up with accuracy.

• What are your strengths and weaknesses?

  • Answer: Be honest in your assessment of strengths and give examples to support them. On the other hand, tell about your weaknesses and state how you are trying to overcome them besides ways of betterment.

Situational Questions:

• What will you do in case a customer is upset with us?

• Answer: Enumerate ways to deal with dissatisfied clients, such as active listening, empathy, and working on solutions. Show that you care about your customers’ happiness and can sort out issues in a professional way.

• How can you convince someone who is not willing to invest in a certain financial product?

• Answer: Detail your selling method including creating connections with clients, knowing their needs better, and customizing your pitch. Stress how this product could be of benefit to him/her specifically considering his/her current situation.

An array of skills, expertise and belief are required to prepare for an interview in a banking exam. When you understand the frequently asked questions in the interviews and practice your answers, there is a better probability of you succeeding. Do some research on the bank, state your pertinent experience and try to show your enthusiasm for the banking sector. All the best!