UNION BANK OF INDIA PI experience
=========================================UDDALAK BANERJEE
Union Bank of india interview was held on 24th feb 2012. It was the first bank to come with vacancy under IBPS 2011 which was also the first ever IBPS to take place in the country india whose objective was to select employees for 19 public sector banks of india. The exam was taken by 10 lakh candidates for the PO exam and had 1 lakh candidates emerging eligible for recruitment in various banks as employees.As usual General Category cutoff went soring high for Union Bank which picked the top 3000 students for interview under general category and similarly with 1:3 ratio for other categories too. The general cutoff went at 166 marks out of 225 after meeting the constraints like 25 marks and above in all of the 5 sections.My score was 176 and hence i was relatively confident because that was around 1000 rank out of 10 lakh candidates which is nearly 99.9 percentile.With high weightage in banks to the written score it gave me a huge chance.IT was because of this only that i secured calls from all 19 banks. The same model was later followed by other banks too namely bank of india,punjab national bank,bank of baroda,allahabad bank and so on.As a result same people got mutliple calls even after conversion. Anyways coming back to the union bank recruitment process. IT was conducted in the regional office of union bank of india kolkata. The interview time was 10:00 am in the morning. I went there on time and found that already there were 20 aspirants who are waiting there. I asked them for any update or if i missed anything. They asked me to go and get the entry form and said that it is based on the entry form submission they are calling others for interview. He said that there is no particular order to calling for interview. The one who comes first and fills the form first gets the first call. I went and filled the form and attached the xerox of all the marksheets and then submitted it. The interviews were taking place at a fast pace. I was called soon within about 40 minutes of submission of the form.
The interview panel had 3 members. All of them were middle aged. The person siting in the middle was the chief manager.
Interviewer 1,” Uddalak banerjee..it is special name.. have u wondered about the meaning of it?
“
i said,” yes i did . Actually it is from mahabharata when aruni was given this name. IT means rising light”
Interviewer 2,”Which system is better indian banking system or Irish banking system?”
I said ,” Indian banking system”
Interviewer 2,” but irish system far more profit making and famous?”
i said,” yes it is but fame is not the parameter for gauging goodness of a banking system . IT is its flexibility and reliability over time that determines the banking systems goodness.”
Interviewer 3,” what is kyc?”
I said,” know your customer. It is a form that is filled by the customer and kept with the bank so that a database is maintained on all transactions.”
Interviewer 1,” what id s do we take for kyc?”
I said,” pan id and address proof”
Interviewer 2,” what is difference between debit card and credit card?”
I said,”credit card has a credit limit. IT is like a loan that is taken. For debit card it is money that u have in the account that gets debitted.”
Interviewer 1,” what is the difference between interest rates of the two. which one is more?”
I said,” credit card should be more because u are taking the loan from the bank”
Interviewer 3.” you are an engineer from a National Insitute of Technology. Why banking?”
i said,” sir from my personal experience in it sector i have seen that inspite of wining 4 awards in 9 months there is no stability in the job in terms of job satisfaction and job security. In banking system there is stability there is option to switch near to your house because banks are present everywhere in all parts of the country. The job is also of fixed duration mostly from 10am to 7 pm. There are lots of added benefit like LFC ,trips with family and it leaves us with some time for the family too. In private sectors they dont do that too. That is one of the reasons that in IBPS exam u will see that of the 10 lakh people who sat the exam 90% are working engineers mostly from TCS ,INFY,WIPRO,CTS and so on.”
Interviewer 2,” hm but many people even after joining they leave the bank . You are a graduate from NIT and you can easily get a better job and make a far better leaving. As far as i know in all subsequent job switches people from a national Institute like NIT and IIT is always given a preference. You have a good profile too. “
I said,” sir my father and mother both have been employees in union bank of india for their entire life. I have been born and broughtup by the bank itself. My mother is in MG road branch and father in shaldamore branch. So all my life i have been seen banks and heard tons about them. I have never have had any grudge over the upbringing that they have provided me as employees of this esteemed branch. Besides as a bank union bank of india is a profit making bank and is fully computerised. I am a computer science engineer obviously can come handy in day to day operations of the bank
“
Interviewer 1,” what idea do you have of subprime rates and financial inclusion?”
i said,”as such government of india is trying hard to finance as many self help groups as possible to start their own business . The channelisation of funds happens only through financial institutions like banks which have presence in the grass root. For growth to happen financial inclusion is necessary that is each person should have a bank account. primary interest of the bank lies in the fact that it provides a chance to increase its advance and returns through loan interest. Even for savings account it gives a chance to the bank to have more money available to invest in some other business and earn in returns.”
Interviewer 2 ,”what is the single biggest problem with the banks?”
i said,” as far as i have known from my father the biggest problem of the banks is NPA recovery. People take loans for business and then the business fails and they lose the money and even the mortgage land gets unlawfully sold without banks knowledge or guaranter dies leading to huge loss to the bank. NPA recovery is hard but the single most important thing in banks at present.”
Interviewer 2, “ hm. But tell me one thing u could have opted for higher education before opting for banks.you could have been at a even higher position.”
I said,” sir the promotion system is there in the banks so if i feel that i need growth ,i can take part in the written and pi tests held within the bank for promotion to higher posts.Higher education as in Gate is not that useful for the branch of computer science engineering and the returns assosiated with it is also not encouraging as i am not that interested into teaching profession. In software sector the types of job that are available are mostly support which is by essence very similar to the one that bank offers. So i think that it wont make much of a add on to the existing skills to elevate my position or worktype in the existing industry.”
Interviewer 1,” hm..ok that would be all .you may leave now”
I said,”t hank you sir”
RESULT: CONVERT. joining given on 9th april,2012 in kolkata regional office.
=========================================UDDALAK BANERJEE
Union Bank of india interview was held on 24th feb 2012. It was the first bank to come with vacancy under IBPS 2011 which was also the first ever IBPS to take place in the country india whose objective was to select employees for 19 public sector banks of india. The exam was taken by 10 lakh candidates for the PO exam and had 1 lakh candidates emerging eligible for recruitment in various banks as employees.As usual General Category cutoff went soring high for Union Bank which picked the top 3000 students for interview under general category and similarly with 1:3 ratio for other categories too. The general cutoff went at 166 marks out of 225 after meeting the constraints like 25 marks and above in all of the 5 sections.My score was 176 and hence i was relatively confident because that was around 1000 rank out of 10 lakh candidates which is nearly 99.9 percentile.With high weightage in banks to the written score it gave me a huge chance.IT was because of this only that i secured calls from all 19 banks. The same model was later followed by other banks too namely bank of india,punjab national bank,bank of baroda,allahabad bank and so on.As a result same people got mutliple calls even after conversion. Anyways coming back to the union bank recruitment process. IT was conducted in the regional office of union bank of india kolkata. The interview time was 10:00 am in the morning. I went there on time and found that already there were 20 aspirants who are waiting there. I asked them for any update or if i missed anything. They asked me to go and get the entry form and said that it is based on the entry form submission they are calling others for interview. He said that there is no particular order to calling for interview. The one who comes first and fills the form first gets the first call. I went and filled the form and attached the xerox of all the marksheets and then submitted it. The interviews were taking place at a fast pace. I was called soon within about 40 minutes of submission of the form.
The interview panel had 3 members. All of them were middle aged. The person siting in the middle was the chief manager.
Interviewer 1,” Uddalak banerjee..it is special name.. have u wondered about the meaning of it?
“
i said,” yes i did . Actually it is from mahabharata when aruni was given this name. IT means rising light”
Interviewer 2,”Which system is better indian banking system or Irish banking system?”
I said ,” Indian banking system”
Interviewer 2,” but irish system far more profit making and famous?”
i said,” yes it is but fame is not the parameter for gauging goodness of a banking system . IT is its flexibility and reliability over time that determines the banking systems goodness.”
Interviewer 3,” what is kyc?”
I said,” know your customer. It is a form that is filled by the customer and kept with the bank so that a database is maintained on all transactions.”
Interviewer 1,” what id s do we take for kyc?”
I said,” pan id and address proof”
Interviewer 2,” what is difference between debit card and credit card?”
I said,”credit card has a credit limit. IT is like a loan that is taken. For debit card it is money that u have in the account that gets debitted.”
Interviewer 1,” what is the difference between interest rates of the two. which one is more?”
I said,” credit card should be more because u are taking the loan from the bank”
Interviewer 3.” you are an engineer from a National Insitute of Technology. Why banking?”
i said,” sir from my personal experience in it sector i have seen that inspite of wining 4 awards in 9 months there is no stability in the job in terms of job satisfaction and job security. In banking system there is stability there is option to switch near to your house because banks are present everywhere in all parts of the country. The job is also of fixed duration mostly from 10am to 7 pm. There are lots of added benefit like LFC ,trips with family and it leaves us with some time for the family too. In private sectors they dont do that too. That is one of the reasons that in IBPS exam u will see that of the 10 lakh people who sat the exam 90% are working engineers mostly from TCS ,INFY,WIPRO,CTS and so on.”
Interviewer 2,” hm but many people even after joining they leave the bank . You are a graduate from NIT and you can easily get a better job and make a far better leaving. As far as i know in all subsequent job switches people from a national Institute like NIT and IIT is always given a preference. You have a good profile too. “
I said,” sir my father and mother both have been employees in union bank of india for their entire life. I have been born and broughtup by the bank itself. My mother is in MG road branch and father in shaldamore branch. So all my life i have been seen banks and heard tons about them. I have never have had any grudge over the upbringing that they have provided me as employees of this esteemed branch. Besides as a bank union bank of india is a profit making bank and is fully computerised. I am a computer science engineer obviously can come handy in day to day operations of the bank
“
Interviewer 1,” what idea do you have of subprime rates and financial inclusion?”
i said,”as such government of india is trying hard to finance as many self help groups as possible to start their own business . The channelisation of funds happens only through financial institutions like banks which have presence in the grass root. For growth to happen financial inclusion is necessary that is each person should have a bank account. primary interest of the bank lies in the fact that it provides a chance to increase its advance and returns through loan interest. Even for savings account it gives a chance to the bank to have more money available to invest in some other business and earn in returns.”
Interviewer 2 ,”what is the single biggest problem with the banks?”
i said,” as far as i have known from my father the biggest problem of the banks is NPA recovery. People take loans for business and then the business fails and they lose the money and even the mortgage land gets unlawfully sold without banks knowledge or guaranter dies leading to huge loss to the bank. NPA recovery is hard but the single most important thing in banks at present.”
Interviewer 2, “ hm. But tell me one thing u could have opted for higher education before opting for banks.you could have been at a even higher position.”
I said,” sir the promotion system is there in the banks so if i feel that i need growth ,i can take part in the written and pi tests held within the bank for promotion to higher posts.Higher education as in Gate is not that useful for the branch of computer science engineering and the returns assosiated with it is also not encouraging as i am not that interested into teaching profession. In software sector the types of job that are available are mostly support which is by essence very similar to the one that bank offers. So i think that it wont make much of a add on to the existing skills to elevate my position or worktype in the existing industry.”
Interviewer 1,” hm..ok that would be all .you may leave now”
I said,”t hank you sir”
RESULT: CONVERT. joining given on 9th april,2012 in kolkata regional office.
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