Interview Questions.

Q1. Who Are Eligible To Act As Bcs?
At first the substances allowed to go about as BCs included NGOs/MFIs set up under Societies/Trust Acts, Societies enlisted under Mutually Aided Cooperative Societies Acts or the Cooperative Societies Acts of States; Section 25 organizations and mail centers. As respects Section 25 organizations, it was consequently explained that banks can connect such organizations as BCs gave the organizations are independent elements or Section 25 organizations in which NBFCs, banks, telecom organizations and other corporate substances or their holding organizations don't have possessions in abundance of 10%.

The rundown of people who can be locked in as BCs was additionally extended to incorporate people like resigned bank workers, resigned instructors, resigned government representatives and ex-servicemen, individual proprietors of kirana/clinical/Fair Price shops, individual Public Call Office (PCO) administrators, specialists of Small Savings plans of Government of India/Insurance Companies, people who own Petrol Pumps, approved functionaries of all around run Self Help Groups (SHGs) which are connected to banks. Some other individual including those working Common Service Centers (CSCs) are additionally permitted to go about as BCs of banks.

Q2. Where Can The Customer Access His Account Under The Bc Model?
Client can get to his record through BC specialists or Customer Service Points, USBs, Kiosks, and so forth selected by the BC for adjusting the clients.

Q3. Are Non-banking Finance Companies (nbfcs) Allowed To Act As Bcs ?
Non-Banking Finance Companies (NBFCs) were not permitted to be delegated as BCs by banks. Anyway the RBI has now allowed to draw in non-store taking NBFCs (NBFCs-ND) as BCs, dependent upon the accompanying circumstances:

It ought to be guaranteed that there is no blending of bank assets and those of the NBFC-ND delegated as BC.
There ought to be a particular legally binding course of action between the bank and the NBFC-ND to guarantee that all potential irreconcilable situations are enough dealt with.
Banks ought to guarantee that the NBFC-ND embraces no prohibitive practice, for example, offering reserve funds or settlement works just to its own clients and constrained packaging of administrations presented by the NBFC-ND and the bank doesn't occur.
Q4. Capacities/Activities Of Business Facilitators?
Distinguishing proof of borrowers and fitment of exercises
Assortment and starter handling of advance applications including check of essential data/information
Making mindfulness about reserve funds and different items and instruction and exhortation on overseeing cash and obligation guiding
Handling and accommodation of utilizations to banks
Advancement and sustaining Self Help Groups/Joint Liability Groups
Post-authorize observing
Observing and handholding of Self Help Groups/Joint Liability Groups/Credit Groups/others
Follow-up for recuperation.
Q5. What Is Bcbf Model?
With the target of guaranteeing more prominent monetary incorporation and expanding the effort of the financial area, in Jan 2006 in view of the suggestions of Khan Commission, the Reserve Bank of India gave another arrangement of rules permitting banks to utilize two classes of mediators - Business Correspondents (BCs) and Business Facilitators (BFs) - to extend their business. As per the rules booked business banks including Regional Rural Banks (RRBs) and Local Area Banks (LABs) have been allowed to utilize the administrations of mediators in giving monetary and banking administrations all through the nation and, surprisingly, in distant regions.

In this model BCs are allowed to complete footholds for the benefit of the bank as specialists, the BFs can allude clients, seek after the clients' proposition and work with the bank to do its footings, yet can't plot in the interest of the bank. As of late Reserve Bank of India (RBI) has allowed all Business Correspondents (BCs) working for one specific bank; perform business for different banks as well.

As detailed by the banks under their monetary consideration pl almost 2,48,000 BC specialists had been conveyed by banks as on March 31, 2014 which are offering types of assistance through in excess of 3,33,000 BC outlets. Almost 117 million fundamental saving bank store accounts (BSBDAs) opened through BCs stayed remarkable as on March 31, 2014.

Q6. What Is The Guidelines For Engaging Business Correspondents (bcs)?
Banks might figure out a strategy for drawing in Business Correspondents (BCs) with the endorsement of their Board of Directors. An expected level of investment might be completed on the people/elements to be locked in as BCs before their commitment.

The reasonable level of effort exercise may, entomb alia, cover viewpoints, for example,

Notoriety/market standing
Monetary sufficiency
The executives and corporate administration
Cash dealing with capacity
Capacity to execute innovation arrangements in delivering monetary administrations.
Q7. What Is The Distance Criteria For Bcs ?
With the end goal of guaranteeing sufficient management over the tasks and exercises of the retail outlet/sub-specialist of BCs by banks, each retail outlet/sub-specialist 8 of BC is expected to be appended to and be under the oversight of a particular bank office assigned as the base branch and the distance between the business environment of a retail outlet/sub-specialist of BC and the base branch as specified by RBI before was not in excess of 30 kms in country, semi-metropolitan and metropolitan regions and 5 kms in metropolitan places. Anyway the RBI has now taken out the distance standards.

Q8. Rundown Of Business Correspondent Companies In India?
The accompanying Business Correspondents are recorded in view of the essential data got from them:

Activity for Women and Rural Development (AWARD)
CASHPOR Micro Credit
Province Inclusive Growth Foundation (CIGF)
Drishtee Development and Communication Limited
Ekgaon Technologies Private Limited
Eko India Financial Services Private Limited
Direction Society for Labor Orphan and Women (GLOW)
i25 Rural Mobile Commerce Services
Janalakshmi Social Services
Mahila Chetna Manch
Prayas Juvenile Aid Center
Samvriddhi Inclusive Growth Network (SIGN)
SEED Financial Services
BASIX Sub-K iTractions Limited
Swadhaar FinAccess
Zero Microfinance and Savings support Foundation
Relationship for Rural Development (ARD)
Namathu Deepam Micro Finance Services (NMFS)
Public Mother and Child Welfare Organization (NAMCO)
Fino Fintech Foundation
Sambhav Social Service Organization
All inclusive Welfare Fund (UWF)
Community for Rural Health and Social Education (CRHSE)
Vikas Gram Udyog Mandal (VGUM)
Lucknow Mahila Sewa Trust (LMST)
Glodyne Technoserve Ltd
Dr. Daulatrao Sonuji Aher Gramin Bigarsheti Sah Pat Kalwan
Shree Swami Samarth Nagari Sah Pat Maryadit Kalwan
Shree Swami Samarth Vyapri Sah Pat Maryadit Satana
Sharadrao Pawar Nagari Sahakari Pat Maryadit Deola
Shree Mahavir Nagari Sahakari Pat Maryadit Satana
Yashwantrao Chavan Nagari Sah Pat Maryadit Kalwan
Ashapuri Mahila Nagari Sah Pat Maryadit Deola
Innovation Providers for BCBF Model :

FINO
EKO
A LITTLE WORLD
NOKIA
Integra
Q9. Who Is Eligible For Business Facilitator (bfs)?
Under the "Business Facilitator" model, banks might utilize the administrations of delegates, for example,

NGOs/SHGs
Ranchers Clubs
Cooperatives
Local area based associations
IT empowered rustic outlets of corporate elements
Mailing stations
Protection specialists
Well working Panchayats
Town Knowledge Centers
Agri Clinics
Agri Business Centers
Krishi Vigyan Kendras
KVIC/KVIB units
Q10. What Is The Remuneration Paid To The Bc?
The BC compensation comprise of fixed and variable part which is commission based.

Q11. What Are The Functions Of Bc?
BCs are allowed to play out an assortment of exercises which incorporate distinguishing proof of borrowers, take care of assortment of little worth store, disbursal of little worth credit, recuperation of head/assortment of premium, offer of miniature protection/shared reserve items/annuity items/other outsider items and receipt and conveyance 7 of little worth settlements/other installment instruments, making mindfulness about investment funds and different items, schooling and guidance on overseeing cash and obligation advising, and so on.

Q12. How Does A Bc Function?
The BC utilizes Information and Communication Technology (ICT) based gadgets, for example, handheld machines, brilliant card based gadgets, cell phones, and so forth to complete the financial footings.

Q13. What Are The Benefits Of Using Bcs?
A portion of the benefits in involving BCs as recorded beneath:

A superior option for bank offices : Generally, a provincial bank office can serve 5,000 to 10,000 families in 15 to 20 towns inside a sweep of 15 kms. A Public Sector Bank office might require over 5 years to serve unbanked regions in India, while a private area and unfamiliar manage an account with IT network might expect multiple times additional time. Further, getting consent to open a branch is a long and extended process. The BC choice possibly empowers banks to connect a lot quicker and at a much lower cost.
Coming to the unreached : The model empower banks to stretch out monetary administrations to the unreached clients past their branch network as recipients of the BCs are generally situated at unbanked and under banked regions.
Better advance execution: Since neighborhood partners like NGOs, mail centers, and so on, are engaged with the cycle, they know the clients at an individual level. The special interaction upgrades the clients' responsibility to the BC, which thusly further develops credit execution and reimbursement rates.
Doorstep banking: D isbursement and advance recuperation at the doorsteps of the recipient.
Speedy expion: Scaling up of this model is conceivable inside a limited capacity to focus time.
Q14. Whether Our Money Is Safe If We Deposit With Bc?
BC is a method of giving financial assistance at the doorstep as bank office is at a far off region. Keeping cash with BC is essentially as great as saving with a bank office. The footings are done through the ICT based gadgets and accounted in the books of the banks through web-based mode o constant premise. The clients