Interview Questions.

Question 1. Where Was The Headquarters Of Canara Bank Located ?

Answer :

Canara Bank, Head Office, Bangalore

Question 2. Who Is The Chairman Of Canara Bank ?

Answer :

Mr S Raman

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Question 3. When Did The Bank Came Into Existence ?

Answer :

July 1906, at Mangalore

Question 4. What Was The Canara Bank Initial Name?

Answer :

Initially the name was ‘Canara Bank Hindu Permanent Fund’Later modified as ‘Canara Bank Ltd.’ in 1910 and became Canara Bank in 1969 after nationalization.

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Question five. When Was Nationalised Canara Bank?

Answer :

Nationalization within the 12 months 1969

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Question 6. Canara Bank Line ?

Answer :

“Global Bank with Best Practices”

Question 7. Could You Tell About Network Of Canara Bank?

Answer :

Canara financial institution with 3057 branches and over 2000 ATMs, catering to all segments of an ever growing customers base of over 37.Five million.

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Question 8. Why Do You Choose Clerk Job As Your Career ?

Answer :

You simply say, “Job Security and Job in Canara financial institution is a privilege and it's miles a carrier to kingdom”

Question 9. What Are The Primary Functions Of A Commercial Bank ?

Answer :

The number one capabilities of a commercial financial institution include:

a) accepting deposits; and

b) granting loans and advances

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Question 10. Can You Explain The Reforms That Taken Place In The Indian Banking Industry ?

Answer :

The Narasimham Committee laid the inspiration for the reformation of the Indian banking region.Constituted in 1991, the Committee submitted two reviews, in 1992 and 1998, which laid sizeable thrust on improving the performance and viability of the banking region.

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Question 11. What Are The Functions Of Reserve Bank Of India ?

Answer :

Mainly the features of RBI are labeled as follows:

Bank of Issue
Banker to Government
Bankers’ Bank and Lender of the Last Resort
Controller of Credit
Custodian of Foreign Reserves
Supervisory functions
Promotional features
Banking Interview Questions
Question 12. What Is Bank Rate ?

Answer :

A Bank fee is the interest charge this is charged with the aid of a country’s critical or federal financial institution on loans and advances to govern cash deliver inside the economic system and the banking zone. This is commonly completed on a quarterly basis to control inflation and stabilize the united states’s alternate rates. A fluctuation in bank fees triggers a ripple-impact because it impacts every sphere of a rustic’s financial system. For example, the expenses in inventory markets tend to react to hobby rate adjustments. A change in bank quotes affects clients as it affects prime interest charges for personal loans.

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Question 13. What Is Cash Reserve Ratio – Crr?

Answer :

The Cash Reserve Ratio (CRR) refers back to the liquid coins that banks ought to hold with the Reserve Bank of India (RBI) as a sure percentage of their call for and time liabilities. For instance if the CRR is 10% then a financial institution with internet call for and time deposits of Rs 1,00,000 will should deposit Rs 10,000 with the RBI as liquid cash.

Question 14. What Is Statutory Liquidity Ratio – Slr ?

Answer :

Statutory Liquidity Ratio refers to the amount that the economic banks require to hold inside the form of cash, or gold or government. Permitted securities before supplying credit to the customers. Statutory Liquidity Ratio is determined and maintained with the aid of the Reserve Bank of India as a way to manipulate the enlargement of financial institution credit score.

Question 15. What Is Repo Rate ?

Answer :

Whenever the banks have any shortage of budget they can borrow it from the principal bank. Repo charge is the price at which our banks borrow currency from the central financial institution. A discount inside the repo fee will assist banks to get Money at a inexpensive charge. When the repo charge will increase borrowing from the imperative financial institution turns into greater high priced.The Reverse repo rate is the price at which the relevant financial institution borrows from the banks, at the same time as the Repo price is the fee at which the banks borrow from the crucial bank.

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Question 16. What Is Inflation?

Answer :

Inflation is boom in fee of products & decrease in cost of cash.

Question 17. Difference Between Repo Rate And Bank Rate?

Answer :

The Main distinction among Repo charge and Bank fee is that Repo rate is the discounting supplied with the aid of the RBI at the financial invoice preserve by way of the Banks

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Question 18. Important Terms?

Answer :

SLR – Statutory liquidity ratio

CRR – Cash reserve ratio

Repo charge – It is the charge at which RBI lends money to Banks.

Reverse Repo Rate – It is the fee at which Banks park their funds with RBI

Bank Rate – It is the price at which RBI lends money to Banks.

Call money charge – It is the rate of interest charged via the banks for brief borrows amongst banks Ledger

Tender Money – Currency issued by way of RBI Optional Money – Cheques, DDs, Bankers Cheques

Plastic Money – Credit card, Debit card Credit card is prepared made overdraft in e-shape for getting items and offerings by means of the cardboard holder within specified limits and in keeping with phrases and conditions of the provider Bank while not having any account. Debit card is e-Cheque which can be used within the limits of the credit score within the account associated with it for monetary transactions.

Core Banking – Networking of Banks for supplying any wherein any time Banking is known as Core Banking.

Merchant Bank provides capital to firms inside the form of stocks in place of cash.
Investment Banks generally tend to provide funding to corporations.
Corporate Banking looks after the desires of large companies, agencies, business entities.
Business Banking looks after needs of medium degree commercial enterprise corporations, entities, individuals.
Retail banking focuses to provide services to individuals.
Private banking focuses to provide services to excessive net worth individuals.
Lead Banking specializes in offering all kind of monetary offerings.
Narrow Banking specializes in a specific quarter like Mortgage, Auto Finance and many others.
Modern Banking Interview Questions
Question 19. What Is A Bank?

Answer :

A financial institution is a monetary institution whose number one activity is to act as a payment agent for clients and to borrow and lend cash. It is an organization for receiving, maintaining, and lending money.