Interview Questions.

Question 1. Where Was The Head Quarters Of Syndicate Bank Located ?

Answer :

Syndicate Bank Head Office Post Box No.1,MANIPAL 576 104 (Udupi Dist),Karnataka, INDIA

Question 2. When Did The Bank Came Into Existence ?

Answer :

Syndicate Bank become hooked up in 1925 in Udupi.Karnataka

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Question three. What Was The Syndicate Bank Initial Name?

Answer :

On 10.Eleven.1925, the enterprise of the Bank started out in Udupi with the call “Canara Industrial and Banking Syndicate Ltd.,”a joint Stock Company with just one employee.Name of the Bank modified from “Canara Industrial &Banking syndicate Ltd.” to “Syndicate Bank Limited”. Head Office become shifted to Manipal on 19.Four.1964.

Question 4. When Was Nationalised Syndicate Bank?

Answer :

Bank turned into nationalised on 19th July 1969

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Question 5. Syndicate Bank Line ?

Answer :

“Your faithful and friendly financial accomplice”

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Question 6. Could You Tell About Network Of Syndicate Bank?

Answer :

The general network of branches to over 2300.

Question 7. Why Do You Choose Po Job As Your Career ?

Answer :

You just say, “Job Security and Job in Syndicate financial institution is a privilege and it's miles a provider to nation”

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

Answer :

The number one functions of a commercial financial institution encompass:

a) accepting deposits; and

b) granting loans and advances

Question 9. 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 area. Constituted in 1991, the Committee submitted two reviews, in 1992 and 1998, which laid sizeable thrust on enhancing the performance and viability of the banking region.

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Question 10. What Are The Functions Of Reserve Bank Of India ?

Answer :

Mainly the functions of RBI are categorised as follows:

Bank of Issue
Banker to Government
Bankers’ Bank and Lender of the Last Resort
Controller of Credit
Custodian of Foreign Reserves
Supervisory features
Promotional features
Question 11. What Is Bank Rate ?

Answer :

A Bank fee is the hobby rate that is charged by way of a country’s valuable or federal bank on loans and advances to control cash supply within the financial system and the banking sector. This is generally achieved on a quarterly foundation to govern inflation and stabilize the u . S .’s trade prices. A fluctuation in bank prices triggers a ripple-effect as it affects every sphere of a country’s financial system. For instance, the expenses in inventory markets tend to react to hobby fee modifications. A trade in financial institution prices affects clients because it impacts top hobby prices for non-public loans.

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Question 12. What Is Cash Reserve Ratio – Crr?

Answer :

The Cash Reserve Ratio (CRR) refers to the liquid coins that banks have to maintain with the Reserve Bank of India (RBI) as a positive percent of their demand and time liabilities. For example if the CRR is 10% then a financial institution with internet demand and time deposits of Rs 1,00,000 will need to deposit Rs 10,000 with the RBI as liquid coins.

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Question thirteen. What Is Statutory Liquidity Ratio – Slr ?

Answer :

Statutory Liquidity Ratio refers to the amount that the economic banks require to preserve inside the form of cash, or gold or govt. Permitted securities before providing credit score to the customers. Statutory Liquidity Ratio is decided and maintained through the Reserve Bank of India so one can control the expansion of financial institution credit score.

Question 14. What Is Repo Rate ?

Answer :

Whenever the banks have any scarcity of price range they could borrow it from the relevant bank. Repo fee is the price at which our banks borrow foreign money from the relevant bank. A discount within the repo fee will help banks to get Money at a inexpensive price. When the repo fee will increase borrowing from the principal bank becomes greater steeply-priced.The Reverse repo charge is the rate at which the central financial institution borrows from the banks, while the Repo price is the charge at which the banks borrow from the critical bank.

Question 15. What Is Inflation?

Answer :

Inflation is increase in rate of products & decrease in price of cash.

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Question 16. Difference Between Repo Rate And Bank Rate?

Answer :

The Main distinction among Repo charge and Bank price is that Repo fee is the discounting supplied through the RBI on the economic bill keep by the Banks

Question 17. Important Terms?

Answer :

SLR – Statutory liquidity ratio

CRR – Cash reserve ratio

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

Reverse Repo Rate – It is the rate at which Banks park their finances with RBI

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

Call money price – It is the price of interest charged by means of the banks for temporary 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 ready made overdraft in e-shape for getting items and offerings by way of the card holder inside unique limits and in step with terms and conditions of the provider Bank without having any account. Debit card is e-Cheque which can be used within the limits of the credit score inside the account associated with it for financial transactions.

Core Banking – Networking of Banks for imparting any wherein any time Banking is referred to as Core Banking.

Merchant Bank offers capital to firms in the shape of shares instead of money.
Investment Banks have a tendency to provide funding to companies.
Corporate Banking appears after the desires of big companies, companies, business entities.
Business Banking looks after needs of medium degree enterprise corporations, entities, people.
Retail banking focuses to provide offerings to individuals.
Private banking focuses to offer services to high net well worth individuals.
Lead Banking focuses on imparting all form of economic offerings.
Narrow Banking makes a speciality of a particular sector like Mortgage, Auto Finance and many others.
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Question 18. What Is A Bank?

Answer :

A bank is a monetary organization whose primary interest is to behave as a price agent for clients and to borrow and lend money. It is an organization for receiving, preserving, and lending money.

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