VICTORYARENA

LET US NOT BECOME WEARY IN DOING GOOD, FOR AT THE PROPER TIME WE
WILL REAP THE HARVEST IF WE DO NOT GIVE UP.

~ GALATIANS 6:9

RBI GRADE B 2021 INTERVIEWS

TRANSCRIPTS
UNFILTERED
USEFUL FOR ALL REGULATORY BODIES
2

PREFACE
The Interview Transcripts are generated from the genuine inputs of the candidates who
attended the interviews.

These transcripts are the collections of those inputs which have been shared over the
different Telegram Channels and Groups and Facebook platform.

Victory Arena holds no rights and responsibilities against the views, opinions, and
suggestions by the candidates. In case of any infringement of rights or if you want to remove
your transcripts, names, etc. from the document, feel free to mail me:
[email protected].

It is my small attempt to provide the present and future candidates the transcripts and help
them sail over the ocean of their aspirations by qualifying the exam.

Telegram: @VICTORY_ARENA Email: [email protected]

3

1)
Date 5.08.2021
Delhi
Duration 15-20 min

Background: IIT Kharagpur (Btech in biotechnology,

Mtech in Financial engineering)

Panel was cordial. 3 sir, 1 ma'am.

(1 sir from north east didn't ask any question)

C: how can you specifically contribute to RBI?

Follow up on Fintech sector

P1: tell me about global financial crisis.

What were the products?
Role of rating agencies?
Rating agencies in India?
how did financial engineering contribute to global financial crisis?

Ma'am: which 3 vegetables in Jharkhand which are available throughout the year
(I did 10+2 from Ranchi)
Are there Apmc in Bihar?
(I said there must be. But they aren't working properly. She said there aren't any. :| )

What is your city famous for?

Follow up question on what you can do to improve.

2)
1. Name - Nathan.
2. Background - B.Tech Aeronautical, ex Junior Associate in eSBh, presently doing a govt
job
3. Date of Interview: 2nd August, 2021
4. Location: Ahmedabad, Ranjan sir panel

5. Interview Transcript:
I am 6th to go that day.
Panel has 3 male members including Chairman and one Female mam.
After sitting and wishing Good morning.
M2: Is there anyone in the room?
Chairman:
#what your qualification in B.Tech?
#Where are you working at present?
#Have you read FATF recommendations on private currencies?
#Do you know about fourth industrial revolution?

Telegram: @VICTORY_ARENA Email: [email protected]

4

#Speak 3 minutes on Fourth industrial revolution, its application in Banking and on virtual
currencies?
# Do you know how block chain technology works? Explain?
#can txns be traced back in block chain technology?
M1:
#What are the functions of RBI?
#Why RBI?
M2:
#Tell about Forex management of RBI?
#what is the amount of capital reserves having at present ?
#Rank of India in reserves?
#Does those reserves sufficient?
F1:
#Do you know about FIU? Did your dept contribute to FIU?
#Have you read any circulars related to FIU in your department?
#what you can give to RBI?
Interview over.

Madam asked those FIU questions as they are little related to my present working
department. Mostly asked basic questions not asked deeply regarding banking or
economy related questions as my work profile doesn't involve banking related work. Work
profile related questions need to be prepared well. No questions on hobby (cooking).

3)
Date- 6th Aug
Centre: Nagpur
1st one to go.
15-20 mins
Chairman
1) What is RBI.? What is a Bank?
2) Functions of RBI
3) What is a beamer(Hobbies : playing Cricket and Cricket blogging)
4) Diff between Seam and swing bowling? Why ball swings more in England and seam
more in Australia
5) How do you bowl a googly
6)Name a former Indian bowler who used to bowl googly without the use of
fingers?(couldn't Answer this)
7) What is bodyline Series
8) What is ASHES ?
9) How did it got its name?
10) Why switch to RBI from Armed forces?

Other Members

11)Ponzi schemes
12)DICGC( cross ques on it)

Telegram: @VICTORY_ARENA Email: [email protected]

5

13) Diff types of banks

14) What are differentiated banks?Their relevance ?
15) Where were you posted?
16) Security issues in borders?
17) How do you distinguish between Genuine notes and counterfeit notes
18) What is watermark?
19) what is Latent image? Intaglio printing?
20) How do you analyze the Security at Dewas facility of RBI as a security personnel(
mentioned In my biodata)
21) What is the role of RBI in forex management?
22)Which departments in RBI are you interested in?

4)
Amit Kumar
Interview date - 2/08/2021
Venue- Delhi
Time - 15:15, went for 13-14 min
Educational background - B.Tech Chemical Engineering + 5 years workex in related (core)
industries + left job during covid for RBI

Chairperson: Why RBI after so working in private? Why just RBI and no other private job if
you lost job due to COVID?
What will be the use of your graduation in RBI?

Other members:
1. About NITI Aayog AIM and what am I doing there? (My extra curricular)
2. About Teach India and what did I do? (My extra curricular)
3. About Financial Literacy and NCFE, why is it useful? Why Financial Literacy to school
children important? Initiatives towards this in NEP.
4. About Data Localization.
5. About Resolution Framework.
6. About steps taken by RBI during COVID.

5)
One more Amit Kumar :)

Amit Kumar
Date of Interview: 06/08/2021
Location; Jaipur
Education: Integrated M.Sc in Economics (IIT Kharagpur)
No work experience
3rd one to go
(15-17 minutes)

Telegram: @VICTORY_ARENA Email: [email protected]

6

Chairman: What is the impact of digital infrastructure (emphasized that asking about
digital infrastructure and not digitalization) on Indian economy?

Follow up on this: Do you think this kind of infrastructure and changes coming along with
industrial revolution 4.0 are conductive for the economy?

M1(from Northeast): Which function of RBI interests you most?

M1: In which department you want to work on?

M2: What do you about data protection law?

M2: What is your take on this law? Do you support it?

M2: Recently, Parliament has amended an act related to a subsidiary of RBI. Which is it?
and what are its provisions?

Female member: Asked about my home district (Churu):

What are the major economic issues in your home district?

F: what will be your policy recommendations for better economic growth?

F: what about promoting tourism?

Thank you! You may go now!

6)
August 6, Chennai
20 minutes
Profile: Masters in Development Studies, graduated in 2020

3 Sirs and a Mam. All very cordial

Sir 1:

1) What have you been doing?

-Graduated in 2020, prepping for RBI
- Are you looking at UPSC?

2) What is political Economy?

3) Is globalization retreating? Trump, Brazil, India's Atmanirbhar

Sir 2:

1) Was India's decision to pull out of RCEP a good one?

Telegram: @VICTORY_ARENA Email: [email protected]

7

2) Would you characterize farm law protests as civil disobedience?

3) Which department do you want to work, apart from Financial Inclusion

Madam:

1) What is HSEE (Humanities and Social Sciences)?

2)You studied humanities in a tech institute. How was the experience?

3) One thing you learnt from engineering students, and one thing you'd like them to know

4) Have you heard about Thaler & someone else's (couldn't hear the name) work. No
madam
-What is the contribution of Thaler to Econ? Said about Behavioral Econ.

5) One thing you'd like the RBI, or government in general, to improve?

Sir 3:

1) What is the biggest risk faced by banks?

2) How would you rank the following? I said attitude first, thenhard work, knowledge and
finally intelligence

7)
RC
IIT Kharagpur Ece passout
Infosys 2 yrs
Upsc aspirant

place: Hyderabad
Date : Aug 7th, 2021

North East guy panel

Describe job role in Infosys.

Do you think RBI should do both regulation and supervision of banks?

RBI blance sheet and revenue sources, seigniorage

Stagflation, National education policy 2020

Telegram: @VICTORY_ARENA Email: [email protected]

8

Btp project, usefulness of btech knowledge in industry, does engineers need to be trained
separately for industry jobs?
What would you do, if you are educational minister to cater to the above issue?

My sleep pattern

Risk associated with banks

What is systemic risk?

You may go.

Barely 10-15 mins.

No MPC report, no current affairs, nothing.

8)
August 7,Delhi Centre
10-15 Minutes
Profile: B.Tech ECE,No Job Experience,First Attempt
Chairman: Singhal Sir ....2 Sir 2 Mam

C: What you have been doing since 2018? Told Them

C: You didn't mentioned RBI...Where is it?? Told it was part of Banking Preparation..
C: Asked me about my hostel in University of Allahabad....
C: How you prepared for RBI??...Mentioned YouTube videos...Websites and other area
especially for management (No background in mgmt.)
C: Asked something about Central Bank...Don't remember....

M1: Recent Monetary Policy Committee Decision....

told everything along with voting pattern...
M1: What is Reverse Repo Rate at present?
3.35%
M1: Why there is so much difference between Repo and Reverse Repo??
Talked about Asymmetric Corridor..
M1: What is Repo And Reverse Repo?
Told them
M1: Which function of RBI do you like most?
Regulation and Supervision of Banks
M1: Why you like this function most?
Because it helps central bank in maintaining Financial Stability in Economy.ie...It's one of
the core function

M2: Which department of RBI do you like??

Told them that I like 5 Dept.'s.....Dept.. of Regulation,Deptt. of Supervision,Monetary
Policy Department,Financial Market Regulation Dept..,Fin Mar Operation Dept..

Telegram: @VICTORY_ARENA Email: [email protected]

9

M2: Meaning of Regulation and Supervision??

Told them
M2: How RBI Supervises Banks??
CAMELS,RBIA,College of Supervisors
M2: What are the imp ratio used in checking bank's health (Some similar worded
question)
Capital Adequacy Ratio (Counter question),CCB,CCyB,Leverage Ratio,NSFR,LCR...
M2: You graduated in 2018....So RBI as last option
Told them that I started preparing for CSE in 3rd year and later realized Importance of
other exams...
M2: So you won't continue with Science??
Absolutely Mam....

M3: Tell me something about Balaghat (Native Place)

Told everything
M3: What is your hobby (Somewhat related term he asked..)
Told about my hobby...No counter question
M3: You mentioned about Essay writing competition (On Nuclear Tech).....Did something
happened 75 years earlier
Told about Nuclear Bomb attack on Hiroshima and Nagasaki....

Told "Don't Know" to one small random question to one of the member...The question was
regarding difference between "Gross NPA" and "Net NPA"

You can go now

9)
BE in EEE
currently working at ed-tech startup
Prepared for UPSC before
Interview Date: 16/08/21, 3rd one to go
RBI Hyderabad
Singhal Sir panel, total 4, one mam

1. What does this company do? (referring to my earlier experience)

2. So there is a gap, why?
3. How far did you go with UPSC?
4. Why switch from organization that is working for AI to RBI
5. What is your role?
6. Why need for another learning platform when there is unacademy, and byjus? How is
your startup different?
6a. Recently IITs have launched a digital platform, what is it?
7. What is unicorn?
8. Why it is called unicorn?
9. How many startups in India are in that category?

Telegram: @VICTORY_ARENA Email: [email protected]

10

10. Are they really rare as you say?

member1
1. how did you prepare for interview and exam, what all did you refer to?
2. Did you refer to RBI website?
3. What are the highlights of latest monetary policy statement?
4. What is TLTRO?
5. What are other unconventional monetary policy tools?
6. What is forward guidance?
7. What is state and time based guidance?
member 2
1. What did you refer in RBI website?
Chairman
1. What was the main point stated by deputy governor in his speech on resilience
2. What are your hobbies?
3. Which books did you read recently?
4. Why dont you read fiction books?
5. Who was the author of Sherlock Holmes?
6. What do you mean hanging out with friends?
7. What do you discuss?
member 3
1. you know to speak marathi?
2. settled in hyderabad?
I have no more questions to ask

Have a good day. You may leave.

There were no counter questions on things that I prepared. I did. My take- I could have
given a better answer on my work related question. The interview was brief, 10 minutes
max.

10)
Aug 16, 2021
Location : RBI kanpur
Panel : Delhi panel with 6 members(3 sir and 3 mam)

9th person to go out of total 11(11:15 to 11:30)

Workex : 4 years in Infosys and 3.5 years in Canara bank as an IT manager(scale - 2)

1.) What are you doing currently?

2.) What is forward guidance?

3.) What is Blockchain? It's uses?

4.)Why credit outflow is less in banks?

Telegram: @VICTORY_ARENA Email: [email protected]

11

5.) What will you check during bank inspection?

6.) Is defence privatisation good or bad?

7.) Is banking privatization good or bad?

8.) If cbdc is introduced, and you can't increase deposit interest rate than as a GM what
will you do?

9.) What is Fintech? Fintech companies in India?

Can't say anything about how it went, as questions were generally opinion based and I
don't know at what tangent I answered them.

11)
RBI Hyderabad, 16 Aug
Singhal sir panel
Diploma in banking and MA economics
1. Why have you not choosen private banks? Why regulators
2. 3-4 questions on guitar. Types and differences (hobby)
3. James Tobin contribution and Tobin tax
4. What is your district famous for?
5. Tennis Olympics winners and who represented from India? (Hobby)
6. Difference between forecasting and nowcasting?
7. Why should we hire you?
8. Issues during Vaccination drive in your state
Overall good experience. I handled well

12)
RBI Kochi, 16th August
Background: MBA IIM Indore, ICICI, SBI, Btech CUSAT
1) You have worked at two apex banks. What were the differences you felt between Pvt
and PSU banks?
2) NBFC and Bank difference. Some follow up on deposit-taking NBFC
3) Questions on leaving ICICI ( I had resigned a few months back.
4) 3-4 questions on geopolitics. (Hobby). Interestingly, none on sports which I had
prominently mentioned in both achievements and hobbies. Seems they are not scrutinizing
biodata thoroughly.
5) PIDF and follow-up questions.
6) Derivatives and follow-up qstns. Fumbled here despite it being the easiest question
asked.
7) Asset securitization
8) again went back to my resignation saying would you be comfortable as RBI job will
entail transfers across the country. Answered that I have been away from home since class
6th and therefore won't be an issue at all.

Telegram: @VICTORY_ARENA Email: [email protected]

12

13)
Delhi Office, Aug 16
ex-Canara Bank(2 yrs experience), JAIIB, BTech-Mech
Amitabh Rajan Panel)17-18 minutes
Chairman:
1. Why resigned?
2. How was the health of your bank in terms of financial parameters in FY21?
3.Any recent communication specifically to your bank by RBI?
F1:
1. Your branch patameters?
2. Sources of income of your branch?
3. What is Return on Assets?
Compare RoA of FY21 with FY20?
4. Why Provisioning and its effects?
F2:
1. Your views on Privatisation of Banks?
2. How is Grievance Redressal process in your Bank?
3. How you ensure proper customer grievance redressal at branch level?
4.Why BO needed if Banks have their own redressal mechanism?
M2:
1. What are Self Regulatory Organisations and why needed?
2. What are ways of communication by RBI to Banks and Customers?
3. Is RBI ambiguous in its communication to banks?
Coordial Panel, hoping for the best.

Pratibha:
14)
Profile: Btech(EE), Ex-TCSer, UPSC aspirant
Venue: Delhi, 16 Aug
8th to go
Amitabh Sir, 2 Female Panelists and 1 male panelist

Chairman:
1. Ques regarding my old role
2. Around 8-10 things what a system engineer does
3. Process reengineering
4. Told me to speak on Chinese Economy for 2 minutes
5. Concerns in Chinese economy

F1:
1. Asked about my gap year
2. Any other exam ( Told abt Upsc)
3. Asked abt attempts and ol
4. Why to hire u

Telegram: @VICTORY_ARENA Email: [email protected]

13

5. She asked 2-3 ques can't recall

F2:
1. Updates on RBI website
2. Monetary Policy recommendations
3. Why and what is accomodative stance
4. Crar related 1-2 ques
5. Apart from RBI other regulators

M1:
Asked only one ques is cashless economy feasible, achievable and desirable in India.

Panel was cordial. Focus on economy ques. Might have missed few ques
Overall good experience , went well
Duration: 15-17 minutes

15)
Date: 16th Aug Venue: Hyderabad Panel: Singhal Sir+ 2 men(including North East Sir) +
Lady member

You graduated in 2014…What have you been doing since last 7 years?
How far did you go in UPSC?
Didn't u write other exams?
What do u bring to the table for RBI
Why every engineer talks as if fintech is the only thing RBI is concerned about. We see 90%
engineers among the candidates and all of them talk about fintech. What else do u bring
to the table?
What is disintermediation?
What is a bank? Define it.
Where did you get this definition of bank from?
What steps has rbi taken for financial inclusion in India
Reading books on Indian economy and banking sector is your hobby. What books have you
read?
Asked about what are my take aways from Bandhan: the Story of Bandhan Bank written
by Tamal Bandopadhyay
Any idea about of Andhra Pradesh Micro finance crisis?
You work with an UPSC coaching institute as content creator. What articles have you
written recently?
What are the problems in your district?? What are 2-3 things you would to address them?
Dont remember few other questions. Went on for around 10-12 mins.

16)
Dt: 16th Aug, 2021. 2nd to go. 3 sirs & 1 ma’am. Could be Singhal sir’s panel. 18-20
minutes.

Telegram: @VICTORY_ARENA Email: [email protected]

14

Background: B.Tech (CSE), MBA (Marketing), 2 yrs work-ex with an MNC. UPSC-CSE 2
attempts.

Chairman: Called be by my father’s name initially and immediately corrected himself.

Asked which god’s name is mine.
CM: Asked the meaning of my name. Followed it up by asking the history behind my
name.
CM: Why is RBI essential? Some cross questions around it, like if we can do without RBI or
not.
CM: Whose marketing ideas have interested you the most?
CM: Tell me from a professional point of view.
CM: Speak of Indian context and an Indian marketing star who is also related to your
company.
CM: Since you studied marketing and worked in a company known to be a pioneer in
marketing, why did you have to leave the job (tried to convince me that mine was a wrong
decision to leave the job)
Member 1 (Sir): What is financial inclusion?
M1: What would be your marketing strategy for financial inclusion?
M1: Give more details about rural specific strategy (had some decent discussion around
this)
M1: But technological infrastructure is a challenge in rural areas. How can you overcome
this?
Member 2 (Sir): What are the major problems faced by MSMEs?
M2: Are the issues different for micro, small and medium firms?
M2: With your experience in rural marketing, give me live examples of the strengths and
weaknesses of micro entrepreneurs?
CM: You left your job for UPSC preparation. What is the status currently?
CM: You can still keep trying for UPSC then?
CM: What is your optional in CSE?
Member 3 (Ma’am): What has been the hot issue in the news today from an international
context?
M3: What are the implications for India w.r.t Taliban takeover?
M3: What is economic capital framework and its objectives?

It was fine overall barring a few questions. Mostly profile-based.

17)
Rbi Delhi
16th August
17th(last one to go)
Profile- 2012 pass out...job till 2014...since then UPSC

Went in wished them but I think they didn't hear it. One ma'am asked Anubhav are you
alone in the room. I said yes ma'am.

Telegram: @VICTORY_ARENA Email: [email protected]

15

Chairman- You passed out in 2012 and then did some job till 2014. I am interested in
knowing what happened after that.
Told them about dream upsc n all
Chairman- OK. Did you appear for UPSC interview
Me- No sir
Chairman- this is your third attempt in RBI. Have you appeared for interview here?
Me- no sir this is my first interview.
Chairman- ok anubhav see past is past. We are mature enough to not think about that. So
what is in the past leave that behind. We are going to judge you only on what you answer
over here.

1st ma'am- What is the difference between NPA and SMA

told
Ma'am - what is the fullform of SMA?
told
Ma'am- is there any provisioning for npa
Told
Ma'am- what about provisions for sma?
I forgot it there and said sorry I am unable to remember. Though just after 10 seconds it
came to my mind and thought to tell her but don't know why but I didn't.

Ma'am - what is commercial paper?

I answered this one very badly. N also made a factual error by telling that interest is
offered on them.

Ma'am- so does it mean you can directly put your savings in cp?
I said sorry I can't remember that.

Second ma'am- what is provisioning?

Told

Ma'am- why is it required?

Told

Ma'am- what are the two biggest changes you have witnessed in banking sector in last 5
to 7 years?
Told about increased penetration of branches and digital technology

Ma'am- do you thing with increasing digital penetration the paper notes will become
irrelevant in coming years?
Told No and gave reasoning related to huge digital divide and how very limited section is
on digital medium.

2nd sir- what are ponzi schemes?

Told it but I myself did not feel good about the explanation

Sir- have you heard about any fraud related to it?

Telegram: @VICTORY_ARENA Email: [email protected]

16

Told about Sahara scam in West bengal

Sir- have you heard about any other financial frauds?

Told about credit card fraud in jamtara. I think here they wanted me to speak more on
financial frauds but I told this much only.

Sir- has rbi taken any steps to tackle or address these frauds? Told about awareness drives
and added that I think awareness is the key to deal with these frauds.

Then first ma'am said ok anubhav. N chairman sir said you can go now.

Overall timing- can't say I think 10 to 12 minutes. Pressure me dhyan nahi rha

Overall experience- I felt below average performance. Board was very cordial. I could not
deliver even what I knew. So disappointed.

18)
Profile: BTech( ECE), UPSC aspirant, No work experience
Venue: Kochi, on August 16

Chairman:
1. Are you working now?
2. Reasons for gap after graduating
3. What all initiatives did government and RBI take during the pandemic?
4. There's a discussion on whether to give money in the hands of public or to continue with
initiatives that you mentioned. What do you think about that?

Member 1:
1. What do think about the farm law agitation?
2. If you were the PM what would you do?
3. What are the different risks banking sector faces?
4. What is liquidity risk?

Member 2:
1. What was your optional in UPSC?
2. Your favourite author and give a brief summary of the book.
3. Hobbies and interests

Member 3:
1. Do you think there's gender equality in Kerala?
2. Do you know about the monetary policy committee?
3. What does it mean if it doesn't meet the target for one quarter?

Member 4:
1. What do you know about crypto currency?
2. CBDC and crypto currency difference

Telegram: @VICTORY_ARENA Email: [email protected]

17

3. Impossible Trinity.

19)
Mumbai
17th Aug 2nd one to go
BE + IT + MBA + Tata Steel + UPSC since 2017

Non Rajan sir non si ghar sir Cordial wala

Panel

Chairman
What have u been doing for last 5 years?
Compensation at tata if stayed with them vs not earning for 5 years n low compensation
at rbi .....calculate opportunity cost ...justified ?.. Don't u think u made a wrong decision ?
Why left tata steel it's almost a psu?

Awareness vs marketing
Rbi kehta hain is it good ? ( I cut him twice but he was appreciative of me trying to make a
point )
Why bank ?
Diff types of banks ?
NPA ? Some specific Q

Mam
Profit making Pvt conglomerate vs loss making psu where ll u work why ?

2 things What can be done to improve NPA u talked about ?

Interview was almost done they said me it ok.

But then in a dramatic way mam said wait .... U mentioned we need to FINE TUNE IBC and
ARC process

Tell me one fine tuning suggestion.

Learning

They keenly listen to every word u say.

Simpler the Q be more conscious of what u utter.

If using any technical word expect discussion on that.

They get bored if you repeat a point ( I did it twice )

Telegram: @VICTORY_ARENA Email: [email protected]

18

Panel is not grilling but trying to understand specifics if you are answering generic.

No hobby Q even when I tried to say about it in what u did in last 5 years

One can not judge marking based in Q asked n length of discussion

20)
Interview date 5th august
RBI Chandigarh, 4th to go

Profile - BE ECE 2018, 1yr experience as PO in Bank Of Maharashtra left in 2020 preparing
for gr b

Singhal sir panel, 4 members 2M 2F

Singhal sir - you have done engineering from a good college wasn't their any placements

- told and they moved on quickly

Singhal sir - what are you doing for last 18 months

- I worked on a startup, told that, few questions on it

M2 - why left BOM

- Said to prepare for this exam, some cross questions but they got convinced

F1 - what rbi and govt couldve done better/more during the pandemic

Told about the demand side issues and gave examples of other countries. Few cross
questions asked and answered

Whole panel was involved here - questions related to BOM financials like deposit, credit,
msme advances etc., how bank is performing basically SWOT analysis of bank

This went more like a discussion

F2 - what problems are faced by msme

Telegram: @VICTORY_ARENA Email: [email protected]

19

Told 2-3 points and added cash flow issue at the end (expecting them to ask about
factoring act amendments) and mam asked recently govt did something to improve
cashflow of msme (told about amendment in factoring act)

F2 - question related to treds platform

M2 - why only rbi

My main point was knowledge driven work environment

M2 - you mean in bank there is no knowledge

I mentioned a few departments of rbi stating the scope is wider here

Singhal sir - tell me about your branch's financials

Told (200cr deposit 40cr credit 2cr npa)

Asked if it is in profit or loss
I said profit although was not sure, sir said based on financials it should not be in profit, i
said i need to recheck as i also think that you are correct sir

Singhal sir - you can go

Duration around 15-20 minutes

21)
RBI Lucknow on 18/08/2021.
Background: B.Tech (CSE) IIT Mandi 2015. Working as DA in CAG since June 2020.
Started at 10:26 and ended at 10:39.
Was cordial overall.
1. Given a chance to become CAG vs RBI Gov. what would you choose?
2. Tell about new RBI policies.
3. What did you do from 2015 to 2020?
4. UPSC optional?
5. Should CAG comment on government policies?
6. How do you deal with situations where you have to sign on a document which you know
is wrong?
7. Tell about operation twist.
8. Are banks adequately regulated?
9. Then how did PNB fraud happen?

Akshat Jain:
Venue: Delhi
Date: 18 Aug
(Singhal Sir's panel, Very short interview, mostly under 10 mins)

Telegram: @VICTORY_ARENA Email: [email protected]

20

Profile: B.Tech 2017, 2yrs work ex as software engineer in UHG , FRM , 2019 onwards
preparing for RBI

Chairman sir - (Why frm ? Why gap ? Why rbi ) - Chill

Sa hi tha , one thing he wasn’t satisfied was why rbi is a knowledge institution
Member 1 - sir risk in governance structure , told but he wanted to listen something else

Sir 2 - (north -east) : types of risk in banks - answered all

Madam 1 - talk about olympics for 5 mins ( spoke everything , forgot athletics , she asked
athletics , I said sorry ma’am , Neeraj Chopra and all related things)

Overall it was okay , very small interview , either they had decided to take me or not .
Fingers crossed

22)
Profile : B. Tech-2014 (ECE), 3 years in TCS, 3 attempts in UPSC CSE
Date : 17-08-2021
Venue : RBI Hyderabad
Delhi board - Singhal sir Panel, 3 sirs and 1 mam
Chairman:
1.Straight away asked why I left TCS.. about CSE and why RBI?
2. Why not try PSBs or continue in TCS for contributing to the nation building?
3. What will you bring to RBI?
4. What does policy making mean?
5. Tell me about Swami Vivekananda and his famous speech? how and where did he
die?(prizes won)
Chairman sir left for sometime in the middle
Member 1:
6. How did you prepare for the exam?
7. What have you read on the website?
8. How many attempts you gave, the progress, optional, whether applied for CSE this
year?
9. What is priority sector lending? What is the need of it?
10. Tell the impact of Covid-19 on economic growth and inflation since March 2020.
Mam :
11. What about the farm laws impact on Andhra Pradesh? (farmer background)
12. What other states can learn from farm practices of Andhra Pradesh?

Didn't keep time.. Mostly went for about 10-12 min. Chairman sir tried to put some
pressure..other members are cordial.

23)
17th, Aug, Hyd. 2019 CSE, Asst in LIC from 2020 Feb. Delhi board, people saying it's
Amitabh Rajan Sir panel.

Telegram: @VICTORY_ARENA Email: [email protected]

21

C: What should be the share price of LIC ? I said it can be anything, depends on how we
break the capital. He said what it should be according to you. Then what is the face value?
1 rs. How will you justify the premium. Some more discussion then he had enough and
passed on.

M2: Did lic give you training, how many days and what did they tell you?
This exam you have passed is it mandatory for every1?
supervisor for Insurance cos?
Insurance penetration? And what we should do to improve?
CRAR equivalent to Insurance cos?

M3: Insurance Act amendment and pros and cons.

Madam: talk about IBC, compare it to earlier ones and evaluate it. And recent amendment
to that.

24)
Date: 7th Aug 2021
Place: Hyderabad
Panel: B B Joshi
21st person to go
Background: Assistant in RBI

1. Can Regulation/ supervision any one function be given to some dept/ Ministry of the
Govt. ? Why should RBI have both of them

2. What is Moral Hazard?

3. Risks associated with central bank functions of RBI?

4. Hyper inflation? What are the countries currently facing it?

5. What are the issues with UCBs?

6. Favorite dept looking forward to work? I said issue dept & DoS. But no followup qns on
this

7. Dr. YV Reddy said something about conflict of interest in RBI managing public debt and
liquidity operations. What is that?

8. Who regulates multi-state coops? Under which ministry?

9. Press note no. 3 of govt in 2020?

10. What is the difference between term loan and CC?

Telegram: @VICTORY_ARENA Email: [email protected]

22

11. What is ECB? Loan tenure? Who are the eligible lenders?

12. What does the word "reserve" of in the name of RBI signify to you?

13. What are the liabilities of issue department?

25)
Date: 17 August 2021
Location: Delhi
Board: Amitabh Rajan(Chairman) + 2 Female + 1 Male
Duration: 10-12min
Profile: BE IT 2015 graduate, 2 years work ex as software engineer, then 3.5yrs gap for
UPSC preparation, currently in a government job since 7 months

Chairman: Reads out my academic details focusing on my marks and further my work-ex
details(this went on nearly 30-40 seconds)
1. So I want to ask why did you leave your previous job and why are you ready to leave
your current job?
2. Ok tell me how is RBI performing? is it good/bad? do a SWOT Analysis for me
3. What is the growth projection and how RBI projection differs from IMF projection?
4. What is the current inflation outlook?
5. As you mentioned what are these supply side challenges causing inflation?

Lady 1
1. What is "Clawback"? Have you heard of this term?
2. Tell me about the recent amendments to RBI act which has enhanced the powers of
RBI?
3. Some cross questioning on cooperative banks control etc

Lady 2
1. What is provisioning and why is it needed?
2. How is it calculated?
3. What is deposit insurance and why do we need it?
4. What is Prompt Corrective action?

Male 1
1. There is a department in RBI for consumer awareness. Can you tell me what is RBI doing
for the same?
2. There is also a Grievance redressal mechanism in RBI. Can you tell something about
that?

Overall the panel was cordial with very limited counter questioning.
Nothing related to workex or hobbies or academic achievements or current affairs

26)

Telegram: @VICTORY_ARENA Email: [email protected]

23

Venue: Delhi
Date: 17 Aug
(Amitabh Sir's panel, Very short interview, mostly under 10 mins)

Profile: B.Tech, MBA Finance, working in an investment banking role.

Chairman sir - (Very elongated question, he stopped in between, I started to answer, he

cut me in between and elongated the question twice ) - Mention your favourite subject in
Business Finance, and tell a journal of some reputed author which would be a good read
for me - Tried slipping in a few books I remembered, but he was looking for journals. Had
no clue
He became disinterested after that
Madam 1 - The company you work at, is it a Global-SIB?What's the basis of classification
for that? (Could not answer the second one)
Asked about Libor transition and impact on India - (explained well citing the recent
monetary policy statement)
Madam 2 - Explain credit risk, inherent risk, Asset Liability Management, - (forgot inherent
risk, explained rest well)
Sir 2 - Questioned about a recent job switch. What's Operation Twist - (explained well)

(That was all. It started badly with the chairman, but went okay after that with the other
3. Average one overall I'd say)

27)
17th aug
Location : Hyderabad
Singhal sir panel
Duration: 12-13min
Profile : btech (mech eng)
Not working

After initial few HR questions on what i was doing all this while

Singhal sir asked me what did u do that is useful for rbi .

I said i am doing MBA finance,i applied for DBF and i have read few books on finance

So he asked me which book did u read

I said HOW FINANCE WORKS by harvard professor mihir desai

Singhal : so tell me how finance works

Me : the central problem of capital markets are

Principal agent problem

Telegram: @VICTORY_ARENA Email: [email protected]

24

Information asymmetry

Value creation is done through beating the cost of capital

Different type of fund raising mechanisms send diff signals to the market

Equity issuance is usually met with price decline.

Rest of the interview entirely revolved around these topics

Cost of capital
Beta
Risk adjusted return on capital
Efficient market pricing theory
Capital asset pricing model

If beta is 1.5 and 2, which one will u choose

I could handle these questions well

What did u learn in mba finance

Hobby ( interest in india's foreign policy)

So asked me about belt and road initiative and chinese digital currency and controlled
anonymity.

28)
Venue: Delhi
Date: 18th August

Panel: don't know, had 3 sirs(one sir from Northeast) and one ma'am, most likely Singhal
sir panel

Background: Commerce
Work: po in PNB, now in epfo

Entered the room and sat down without any greetings and any permission and then
greeted after sitting down

Ch: why did you leave banking, you would have had relevant experience for RBI if you
hadn't left it

Answered that I wasn't able to give enough time to preparation so I left

Ch: Why should RBI hire you

Telegram: @VICTORY_ARENA Email: [email protected]

25

Answered

Sir1: you are in EPFO Are you aware of social schemes for unorganised sector

Answered

Sir2
What is interest rate parity?
Answered based on guess, he had a poker face so no Idea if he believed it or not

Sir2: have you read any balance sheet of any company or of PNB
Answered that I have seen balance sheet of RBI and I don't remember any others balance
sheet, not even PNBs

Sir2: what did you see in RBI balance sheet

Answered all the basics

Sir2: what is impossible Trinity

Answered

Mam1: do you think $5trilliom target is achievable and realistic

Answered that yes achievable but very difficult task

Mam: what is govt doing to achieve the target

Answered all the things they are doing

Mam: were you able to handle your work in PNB

Answered yes

29)
Date: 18/08/2021
Venue: Kolkata

Background: Commerce Graduate with Insurance Sector Experience (Currently Working)

10th one to go.

Duration: 18-20 mins.
Panel: Dr. Amitabh Rajan, 1 Male & 2 Female.

Chairman: He said that he will ask only one question and wants me to talk on it for 3 min
and wants to know my opinion and understanding as an Insurance Professional.
3 min Speech on the progress and development of the Insurance Sector, the recent
reforms of the insurance sector, it's scope and way forward, how it can help the masses
(Considering Indian Scenario),

Telegram: @VICTORY_ARENA Email: [email protected]

26

Follow Up Question on SWOT analysis of the Recent Amendments of the Insurance

Sector and it's pros and cons.

M1: Hobbie Related question (Difference between Power-lifting and Weightlifting)

Banking and Insurance penetration in my work area (District specific) and some related
follow up questions about why is it so and what can be done.

F1: RBI Balance Sheet Items (Assets and Liabilities)

Where does notes come in RBI's Balance Sheet?
(Since my Background is Commerce, these questions were expected).
What is DICGC and what it does and why it does ?

F2: Privatization of Banks- Your Opinion (Why it needs Banks ? and some follow up
questions).
Privatization of Insurance companies- Your Opinion (Life and Non-Life performance and
other things)
Why LIC will not be privatised ? Because it does investments in social sectors and bail
out companies ?

Total Interview was on my Work Profile and Bio-data based and no other questions were
asked from RBI (Barring the Balance Sheet One). The panel members were very cordial and
supportive, also no counter questions, instead more follow up questions from what I was
saying. The interview was on opinion, awareness, perspective, understanding of the
situation rather than simple question-answer (Rapid fire) type. So, it felt like more of a
deep conversation rather than an interview.
All over experience was good.

30)
18th Aug, Lucknow-
Last one to go- 3:40 pm
Duration- 20 minutes
Profile- B.Com/MBA/3 months work ex
Started off by saying finally a non engineer..all day we had engineers.
You were working in GE on a high salary? Why did you leave your job?
What's a Counterparty?
Central counterparty?
Can anybody be a counterparty?
Can anybody issue TBills?
Can anybody obtain a license to be counterparty?
Inverted yield curve?
What are Gsecs?
Who auctions Gsecs?
What does RBI do as the banker to the government?
What does a credit rating signify?
Does it signify the probability of default?

Telegram: @VICTORY_ARENA Email: [email protected]

27

Profile specific-
Corporate case competition
EV push
Business model change
Insights from research
Interoperability in EVs
Extrapolate interoperability to RBI's domain- theme of RBIs action in the past
Regtech & Suptech?
What's more important? What should be prioritised?
Why?
Ecommerce industry in India? How is it going?
Size?
Should we prioritise retail traders or ecommerce?
What are your other career options?

Last bomb-
Normally after a Crisis in a country, the currency depreciates. Why did the dollar
appreciate when US saw such a deep recession in 2008?

31)
Rbi lucknow

Btech IT Mnnit
20 minutes

Why left private sector job?

What will you bring to rbi ?

Compare balance sheet of bank and that of a manufacturing company

How will you judge a manufacturing company and a bank from their balance sheet .?
What factors you will look at ?

Which economist do you like and their work?..various follow up questions on this ..like
bottom up growth or top down big bang institutional reforms
(Had told interest in economics in some previous question)

Is rbi your second preference after upsc?

Finance sec vs governor .if given a choice

Upsc optional subject

One lesson you got from public administration
Compare US federal setup with India's .should we adopt their model of federalism .?

Leverage ratio ?( Had mentioned this in one of my answers earlier )

Ideal leverage ratio should be

Telegram: @VICTORY_ARENA Email: [email protected]

28

What does it mean conceptually ?

What is shadow banking?

Risks which nbfc's face

What are the various fucntions of rbi ?

Will digital currencies make India a cashless economy ?

32)
Aug 18, 2021
RBI Delhi
Singhal Panel
23 minutes

The discussion was entirely around my Biodata and was quite light hearted. It went on for
about 20-25 minutes, revolving majorly around my work and interests. Didn't mention
UPSC interview, as panel is generally averse to them.

Some of the questions are as below:

1. Why not higher education like IIMs? How undergraduates fare against post graduates.
2. Detailed discussion about my job profile (current and past both). This took up about 10-
12 minutes of the discussion.
3. Why didn't you join GIC Re?
4. How will your Commerce background help you in RBI?
5. Any function that you specifically like?
6. Preamble (Thankfully by hearted it last night).
7. Steps taken by RBI during the last 1.5 years.
8. Education, skilling, digital divide, demographic dividend.

..:
Date:18/08/21, Lucknow.
Time:~20 mins.
B.Tech(IIT, Mechanical)
Job Exp-1 yr. 4 months.
Career Gap-3 years 9 months(UPSC)

Chair:
1)Meaning of your Name.
2)Why did you leave job?
3)Journey so far in UPSC?
4)Why economic stimulus required in pandemic?
5)Types of stimulus.

M1.

Telegram: @VICTORY_ARENA Email: [email protected]

29

1)Can Govt be regulator of banks?

2)If Govt sells all its stakes, can then it be regulator of banks?
3)Fav deptt-FI&D
4)If FI is not there?-External Investments.
5)Functions of Ext Investments.
6)How will your contribute.
7)What is Letter of Credit?
8)What is the meaning of AAA and all?What is better AA or AAA?

M2(Female)
1)UPSC optional-PSIR
2)Afg-Talban issue-What more could the Indian govt have done?
3)Why did the Afghan Army surrender without resistance?
4)Leadership role in job-How did you resolve a crisis?
5)What criteria to study for making foreign investments?

M3
1)Cryptocurrency.
2)Do you agree with RBI stance on cryptocurrency?
3)Terrorist financing can be done normally also, why only cryptocurrency is a risk?-Said
Demonetization.
4)Demonetization done for which denominations and why?

M4(female)
1)Shadow Economy should be allowed or not or partly allowed.

A few follow up questions here and there might have been missed. Very cordial panel.

32)
Date: 18 Aug, 2021
Venue: Kolkata
Panel: Chairman (Amitabh Rajan) + 1 sir and 2 mams
Profile: BTech, worked in Allahabad Bank as clerk, now in RBI as Assistant

Chairman: I will let others start the questions. I will ask at the end, only if I feel like asking.
(He advised one mam to start)

1. You've worked in Allahabad before, How different is working for RBI??

2. Why do we still give permission for FDI?? Isn't it bad for ease of doing business??
3. Which other department would you like to work?? Why?? (I said OBO)
4. Why should we have OBO?? Shouldn't banks do it??
5. What is the difference with CEPC??
6. How do we supervise??
7. What is risk based supervision??
8. What are the different types of risks faced by a bank??
9. What documents are required for FFMC license??

Telegram: @VICTORY_ARENA Email: [email protected]

30

10. What are the changes being introduced to OBO??

Chairman said he doesn't want to ask anything and advised me to leave. Overall, the
panel was cordial and was not countering much. The interview went on for only 10-12
minutes. The chairman seemed uninterested throughout. Not expecting much.

33)
RBI Lucknow

B.tech Civil, NIT Surat 2016, 0.5 month business analytics, UPSC

Chairman-
1. What were u doing since 2016 ?
2. If all engineers come to banking, merit will be lost in industries, yes or no and why ?
3. What are finance markets ?
4. Types and differences ?
5. What is better debt or equity ?
6. Which one is costly ?

M1
7. What are shadow banks ?
8. What is FSDC ? What is its function ?
9. Whats your opinion on farm law agitation.. are they right in doing so ?

Female member

10. Whats your optional ?

11. One useful thing learnt in life from sociology ?
12. Example of how you executed in your life ?
13. If you were PM what else will you do for farmers agitation ? Some follow ups.
14. Should farm laws be repealed ?

Male member 2

15. What is bill of exchange ?

16. You have been to 3 cities for 10th, 12th and B.tech.. give me one striking similarity and
one striking difference between these 3 cities. Make sure its striking and not generic

17. Is rbi a central bank ?

18. Whats the most important funxtion of central bank ?

19. What is the purpose of monetary policy of RBI ?

Female member 2

Telegram: @VICTORY_ARENA Email: [email protected]

31

19. Whats waterfall mechanism under IBC ?

20. Morally correct, legally right and socially acceptable.. are these one and same ?
Explain with examples

34)
Date 18th.
Location Delhi.
2.5yrs Experience in American Express Risk Management.
IIT Kanpur.

Duration :18-20min. In job non- upsc.

Chairman + M1:
Started with is it back office job or centre of excellence. Asked the name of chairman of
company, India head of my company, office location...
Don't know why he was so interested in Amex.
9-10 questions on my job profile and work including a case study.
Meaning of my name

M2: Why rbi after iit? Why rbi after Amex? Tried my best .

Lady1: Afghanistan crisis impact on India?

How can you improve your state economy? Probably missed an important point in this,
but more or less looked satisfied.

35)
Background- electronics engg + 1 yr software developer + upsc

RBI Delhi 17 August

Chairman-
1. My first question will be from electronics engg. ( I couldn’t understand his question, he
repeated and got offended)

2. What are you doing since you left your job?

3. How autonomous is RBI? What’s the difference between regulatory powers wrt PSBs
and Pvt banks?
a) why the difference? Tell me the exact core legal reason
b) there’s a Supreme Court judgement in this regard. (Read the judgement for 2 mins) tell
me which judgement.

Mam 1-

Telegram: @VICTORY_ARENA Email: [email protected]

32

1. Difference between RBI and SCBs?

2. Why independent directors
3. How supervision done
4. LIBOR issue

Mam 2-
1. Difference between supervision and regulation
2. What are prudential regulations
3. What is capital adequacy
4. Why different risk weights
5 why capital is even required
6 what’s maturity transformation ( from answer of previous question)

Sir 2-
1. Why you decided to leave electronics core and interested in banking

Over

36)
20/08/2021
Delhi
Deepak Singhal Panel
Profile - B.Com (Cleared SBI, IBPS this year, didn't join SBI, PNB pending)
4 panel members, 2 Male, 2 Female
- Why did you leave SBI?
- Why RBI (Couldn't convince, intense grilling)
- What does the situation in Afghanistan mean for India? (Chairman left after this, came
back afterwards)
- What are IFRS? Why don't banks apply them instead of AS?
- What is LFAR and difference from the basic? (Long form audit report)
- Why RBI puts out guidelines for auditor appointment in case of banks? What was the
recent notification about it?
- What is the difference between the reserves accumulated by India vis-a-vis China?
- What is SLMA? (Secondary Loan Market Association)
- What is the difference between powerlifting and weightlifting?
- Why is powerlifting not an Olympic sport?

Edit - Which one is better FDI or FPI?

Not good.

37)
20/08/21 Lucknow
• Profile: B.Tech 2018 with minor in Financial Management, 1 yr Derivative Trading
experience, 2 yr break

Telegram: @VICTORY_ARENA Email: [email protected]

33

• Delhi Panel (looked like Joshi sir, not sure). Very cordial and took pain to elaborate few
questions more clearly that I didn't understand
• 5 People: M1, M2, M3(ma'am), M4, M5(ma'am)

M1: Yash you have done minor in FM. What were the subjects?
M1: Suppose there are more rent seekers and interest seekers. but less profit seekers and
wage seekers. What would that economic setup mean?
M1: What about less profit seekers? What does that show?
M1: Okay that's all from my side. Thank you

M2: Can you tell me the difference between Cash Credit and term loan? (Had issue in
understanding the term cash credit so had to ask them 3 more times )
M2: For what purpose is term loan used?
M2: What is time value of money?
M2: What is disguised unemployment?
M2: Can you give an example?
M2: What would you choose between Attitude, knowledge, and hardwork?

M3:: You have written writing in hobby, have a website. What do you write about?
M3: Describe an issue that you were passionate about and wrote about it
Me: Recent farm laws
M3: So what are your views?
M3: Don't you think that the big corporates will exploit an ordinary farmer?
M3: Suppose you were the Agri minister. What would your stand be?
M3: So you're saying that you'll stay firm as him and won't do anything different?
M3: Okay, now let's move to a different topic. Now suppose you're a branch manager in a
bank and your branch has a lot of frauds and NPAs. What would you give to a new
borrower - CC or term loan?
Me: valuations, inspections etc
M3: No no, you didn't get the question. That's all fine. All background check is done. What
would you give to him between CC/TL?

M4: Hello, Yash. I was going to ask you some questions but hearing your answers and
views I am having some cross questions.
M4: Two questions: 1. Do wee still need to have APMCs?
2. Is there any tax difference between APMC and the other market places?
M4: You were a derivatives trader. Now we're seeing that a lot of volatility in the futures
markets leads to price fluctuations in the agricultural prices. What's your view?
M4: NCDEX is having some issues and it is also going to merge with some other body
M4: If you're not thorough then it's okay.

M5: You must be aware of different risks that a bank faces. Can you give an example
where one risk leads to other?
M5: What is inverted yield curve?

Telegram: @VICTORY_ARENA Email: [email protected]

34

M5: Why does it happen?

M5: You've told about TVM. Now suppose rupee today is less valuable than tomorrow.
Then what will happen?
M5: So what tangible phenomenon will occur?

Failed to see exact time before entering. Overall 10-15 minutes.

They were interested in listening. Didn't cut me mostly. M1 was nodding a lot and also
looked unsatisfied at times.

38)
Venue: Lucknow

Date: 18 August

Profile: B.Tech 2015, 3.5 years work ex in oil & gas industry, 2019 onwards preparing for
RBI

17th to go, 15-20 mins interview

1)Since u left ur job...what are u doing?

2)Recently forex reserves have increased to a new level....what's ur take on whether the
current forex is good or bad?

3)If the rupee is depreciating and fpi pulls out the money...who will be in the loss...rbi or
fpi?

4)what is geoscience engineering

5) recently there was a dispute about oil prices between 2 countries...do u know about
that?

6) Whose signature is there on currency, what is the statement above that, and what does
that mean?

7) What are the harmful effects of counterfeit notes?

8) Can we replace physical currency with digital currency? What's ur take on it?

9) Difference between financial inclusion and financial awareness?

10)Recently fin-tech is on boom...can u name some fin-tech products

11) With the rise of digitalization....can we remove the traditional banks with digital
banks?

Telegram: @VICTORY_ARENA Email: [email protected]

35

12) what's your view on credit rating? Is it important or should we discontinue it in the
future?

13) Should India continue to import oil or search for different exploratory options?

14) What should government do to increase oil production?

39)
Interview: 18th August
Venue: Delhi
4th to go in,
4 member panel
Background: IIT Kgp Economics
1. Why go to an IIT to do economics?
2. Is it through JEE?
3. Applied econ, what kind of statistical knowledge you have
4. Components of Financial Inclusion Index
5. How will you value banks, FCFE cannot be used was pointed out by panelist (follow up
question Price/Book value and why would there be difference amongst banks)
6. IL&FS crisis and steps by RBI
7. 3 strengths
8. Why should we hire you?
Overall chill, they obsessed over my degree more than content of my interview I felt

40)
20.08.21
Delhi
Singhal sir panel : 2 male + 2 female
Background: bsc 2018+ msc 2020(didn't mention as late result), preparing for upsc but
didn't mention it
Chairman :
Q1 Somethng reltd to my course (gradutn). Later on abut my uni
Q2 What does your father do?
Q3 Why u didn't opt for PG ( told i hv done but couldn't mentioned)
Q4 Why u r so fond of mathematics subject
Q5 somthng on the line lyk does solving prob only through mathematical formulas will
work or do we need to consider human emotion too
Q6 What other exams u r preapring
Q7 (debate my co curricular Activity): so u r a debater... Wats morr easy for or against?
Tell me any topic u faced as a debater which was vry difficult
Female 1
Q1 tell me abut diff banks in india
Q2 one one issue/risk associated wid dem
Female 2

Telegram: @VICTORY_ARENA Email: [email protected]

36

Q1 Mechanism of resolvng NPAs?

Q2 Y need of narc when alrdy have arcs? Some counter ques dont remember exactly
Male 4
Q1 how can we reap our potential of youth?
Q2 what role of rbi attracts u the most

No grilling as such but could have been better as not much in depth ques were asked.
More of opinion based normal conversation it seemed

Shikha:
Singhal sir panel.
Female candidate
15-20 min time. Around 12:10.
Background: LIC asst.
Delhi
Questions asked :
C:
1) why you didn't go for post graduation? Young people like you should go for it.
2) Why central bank is even needed? Several countries in the world don't have any. (3
counter questions on this)
F1:
3) Do you know about risk based supervision? Why is it needed?
4) LIC should be privatised or not? (Some counter questions )
People say govt treats it as its kitty and uses it in whatever ways it wants. Your view?
5) Do you know about IFRA?
6) Do you know about current account norms?
F2:
7) What are the risks banks face?
8) Liquidity risk?
9) Asset liability mismatch?
M1:
10) What are your hobbies?
11) recently read any book?
12) Fav poet? Tell some lines

Overall it was good. Panel was cordial.

41)
Date - 21st August 2021

Telegram ID - @RushikeshBB

Profile - Computer Engineer (2019) + MBA Finance (2021)

Work experience - 0 Years (Recently joined as a Financial Analyst in JP Morgan & Chase)

Telegram: @VICTORY_ARENA Email: [email protected]

37

Venue - RBISB, Byculla, Mumbai

Reporting time - 8:30 am

- However, I got a call from RBI at around 8 am. They just asked me that where I am and
how long it will take me to reach there. (Maybe they called me because I was the 2nd
candidate to be interviewed)

I reached RBISB by 8:10 am, and we were asked to sit in the cafetaria. Later they started
retina and photo verification at around 8:15 am.

Food - Free tea/coffee, biscuits, water bottles for all those who appear.

Document verification started at around 8:30 am - it was a smooth process, just carry all
your original documents, along with one photocopy of each. They will ask you to write an
undertaking if you don't have any document/certificate with you (and you will have to
submit/courier those missing documents to RBISB within next 15 days).

Also, do carry the original declaration form that you have submitted along with your DAF.

Later at around 9 am, I was asked to move to the interview room.

It was a conference room and there was a 40 inch TV screen in front of me, and I was
made to sit on one of the chairs.
There was also a meeting pad & a pen on the table in case if you need it. Also, only your
upper portion is visible in the camera frame (you can also see yourself on the TV screen at
the bottom right corner). Further, you will be asked to remove your mask if you are
wearing one.

Panel - Amitabh Ranjan Panel

Panel Members - 1 Fem & 3 Males (including the chairman)

42)
Chairman (M1) -
Q.1 Are you comfortable? What exactly happened to your leg? (As I had surgery and I was
wearing a knee brace and using a walker)
Q.2 You did your engineering from KGCE, What is the full form of your college? Under
which university does it come?
Q.3 You haven't opted for any placements after engineering and directly did MMS in
finance, then why finance after computer engineering?
Q.4 What is this Managerial Economics, and how do you get interested in it? (As I
mentioned on my Bio-data that I was a college topper in that subject)
Q.5 Okay, last question from my side, speak for two minutes on PPP (Public-Private
Partnership), basically a SWOT analysis on PPP.

M2 -

Telegram: @VICTORY_ARENA Email: [email protected]

38

Q.1 You have this great combination of computer engineering and MBA in finance, it is
very useful for RBI. Tell me how and in which departments will you use your computer and
finance knowledge in RBI?

M3 -
Q.1 What is ESG investing?
Q.2 Have you heard about this COP26? What is it?
Q.3 What is a Co-location scam?
Q.4 Names of people involved in that scam?

He said - Okay now I will pass on to mam

But after 2 secs, he again took back the control and said he will be asking few more
questions and then he continued.

Q.5 Have you gone through the minutes of MPC released yesterday?
Q.6 What is a taper tantrum?

M3 looked back to the chairman and then M3 said - Okay, you may leave now.

F1 - She did not ask any questions.

Interview time - 15-16 Minutes

Overall it was a great experience, but I think I could have done a little better. Panel
members were poker-faced throughout the interview, so it was hard to judge my
performance based on that.

Few tips -
1. If you have this panel then be ready with those 'Speak for 2 mins/3 mins on XYZ topic'
kind of questions.

2. No WHY RBI or any other such HR questions in my case, so don't go with any fixed
mindset and be completely neutral.

Anyways, all the best to others

The pattern change, higher number of vacancies, toughest paper in phase 1, typing 2000
words in phase 2, and then 75 marks of interview etc. we have been through a lot
together, and it was a great roller coaster ride. So lets cherish the process, no matter how
well we all prepare, only 270 out of total 750 will get selected, but this experience and
knowledge is going to stay with us forever

43)
20/8/21 - Bhopal RO
Panel:
Chairman: Amitabh Rajan Sir

Telegram: @VICTORY_ARENA Email: [email protected]

39

4 members total, 1 female

(had the NE guy)
Background: BS-MS Economic Sciences (IIT Kanpur, 2020), RBI Policy Challenge Winner
2019, Summer Intern at RBI HQ (2019)
12th to go out of 20; around 12:20 PM
Time: felt like 10-12 min; people outside said it was at least 20 minutes (believe what you
want to)

Went in, wished 'Good Afternoon Sir', ma'am was not in the room at that time; sat down
after I was asked to sit
Chman:
- Shreya, did you get here alright or had to face any troubles?
- Your degree is in Economic Sciences. Tell me why it is a 'Science' and not just
'Economics'?
- So, your result here shows 84% in BS and 100% in MS. How do you have 100% in MS?
(told about grading system)
- What was your rank in MS? (Institute doesn't declare rank, so don't know)
- You have very good results in 10th and 12th (read out my % from biodata), then why did
you choose economics? Was it a choice or a compulsion? (said remote area, good at maths
but didn't want to choose engineering; economics only dept at IIT that is not engg)
- You've mentioned that you did an internship at RBI. Given your results, you could've
gone for any academic intern elsewhere. So why did you intern at RBI? (said I'd won RBI
Policy Challenge and the winning team got an opportunity to work with RBI, forgot
mentioning about other academic internship done previous year)
- So your internship was with which department? (MPD)
- What do you understand by monetary policy or something on these lines. I don't
remember the exact question but I remember that the next question was based on
something I said while answering this one.
- What was amendment of 2016? (mentioned new objectives)
- Importance of price stability for economy (told the points, but fumbled while speaking)
- Long question with 4 parts, i only remember 2 - Monetary and fiscal policy relations/
supporting role, status in last 3 years (told about need for coordination, status in last year
worsened due to COVID; before that I'm not sure about the data but govt exceeded fiscal
deficit target of 3% set under FRBM, so I don't think the govt supported the RBI as well as
it would have liked. Then said, I'm sorry I forgot the rest of the question and all members
laughed on this)
- Okay, we won't tax you on this, let's move on to the next question.
M1: (NE guy)
- Who was the winner in 4x100 m Medley Relay at Tokyo 2020? (mentioned in extra
curriculars; had to ask him to repeat the question again, he got irritated by that; I didn't
know the answer anyway)
- What did RBI Governor say in his speech last month? (I had read the speeches, but in
that moment forgot which was dated when, told him this)
- What has RBI done in Financial Literacy? (I only mentioned RBI Kehta Hai, Survey on
Financial Inclusion and forgot the rest of the points I had prepared)
M2: (another Sir)
- (said I should've prepared better on these things for the interview)

Telegram: @VICTORY_ARENA Email: [email protected]

40

- So did you read any speeches by the governor? (said yes, but couldn't remember specific
speeches at the moment, so said they were probably by DGs)
- Did you read the speech on CBDC? (yes sir)
- What is the impact of CBDC on monetary policy? (I said it would depend on how it is
implemented, if no addl interest given then consumer would behave similarly as normal
currency. So in present form, no impact)
- I don't remember his exact words but then he prompted about credit creation channel.
On that hint I expanded little bit on how banks will have fund shortage for loans and the
consequent impact on liquidity which would have to be dealt with by the MPC.
M3: (Ma'am)
- Was your internship with RBI Kanpur or at HQ? (HQ)
- What topic did you work on? (told)
- What were the results? (told)

You mentioned you've read the speech on Open Banking. What is the main challenge in
India and can you mention any country where it is already in implementation or in pilot
mode? (told about data security and privacy issues as main challenge; we need not just
laws but also strong implementing institutions; said I didn't remember any ctry where it is
being implemented at present)
- What attracts you to RBI? Apart from the MPD, what would you like to do at RBI? (said
since I had worked with MPD, I am interested in its functioning. Apart from that I am also
interest in the FIDD. At RBI, I would like to explore various dimensions because it is a
multi-faceted organisation with multiple important functions.)
- You have an economics background, why didn't you go for DEPR stream? (I said I did but
didn't qualify after Phase 1)
Chairman again:
- You've mentioned your father is a banker, where does he work? (I started mentioning
name of the Bank)
- I don't need the name of the bank. Tell me what type of bank? (mentioned PSB, SCB)
- Okay, so he doesn't work with RBI? (No sir)
- So your interest in RBI is your own and not because of your father? (Yes Sir)
- You said you participated with a 4 member team in Policy Challenge. What are the
other 3 doing at present? (they are working in private sector)
- Why are you not working there then? (I'm not interested in working there)
- Okay Interview is over, you may leave.

There might be a few questions missing, but I don't think I can remember those now. This
took me 2 days to recollect whatever happened in that room.
Overall impression, panel was mostly cordial. My interview started going downhill after I
was unable to understand the NE guy's question and forgot points I had prepared. I
couldn't read the expressions so don't know if they were impressed or not. There was no
grilling.

44)
Date of interview- 23 August
Profile- B. Tech Mechanical,
Working in Banking Sector

Telegram: @VICTORY_ARENA Email: [email protected]

41

Chairman sir- Why did you leave your first job?

What were you doing in last 4 years?
Which exams have you taken?

Madam 1- What is inflation?

Why do prices rise?
Is it good or bad?

Madam 2- What is CBDC?

Will it replace cryptocurrency?
What are its advantages?

Sir 2- What are your hobbies?

Which newspaper do you read?
Who is the editor?

Overall it was general discussion. No cross questions.

45)
Date of interview- 23 August
Profile- B. Tech Mechanical,
Working in Banking Sector

Chairman sir- Why did you leave your first job?

What were you doing in last 4 years?
Which exams have you taken?

Madam 1- What is inflation?

Why do prices rise?
Is it good or bad?

Madam 2- What is CBDC?

Will it replace cryptocurrency?
What are its advantages?

Sir 2- What are your hobbies?

Which newspaper do you read?
Who is the editor?

Overall it was general discussion. No cross questions.

46)
Background- mech engg + 5 yrs psu officer

Telegram: @VICTORY_ARENA Email: [email protected]

42

Chairman- why rbi after 5 yrs, how wl ur experience help here, what do u do in passtime,
where have u learnt tabla, for how many years etc
F1- what is housing finance co, how different from bank, what is nbfc, how diff from bank,
why hfc are needed, who regulates hfc, capital requirement of banks and nbfc
F2- why CAR is needed, how do u calculate CAR, tell me about different NPA mechanism,
difference and comparison.
M1- what do u mean by Financial inclusion, what has been done 2 achv financial inclusion
in bastar, what yet needs to be done. Ok u can go

47)
Mechanical engineering- 1.5 year in IDBI BANK- AML department

CHAIRMAN -
Why your bank is getting privatised?
M1
Tell me how money laundering is done ? Keep on asking more and more !
F1
You changed from mechanical to pinnacle and then to bank ? Tell challenges you faced ?
M1
What PSBs can do that private bank can’t do ? ( wasn’t able to answer properly )
F1-
Just last question
You know PSL ? What is target of foreign banks ?
Thank you !!

48)
21.08.21
Mumbai
Rajan Sir Panel : 3 male + 1 female
Background: mech eng+ Working as Forex dealer (UCO Bank),
Chairman :

U seems to be studious person ...u r having forex background so we have forex experts
here...they will ask questions...and if needed at the end I will....

M1: 1)Who creates foreign trade policy

2) Why there is two way quote in forex.

M2: 1) How forex rates are determined

2) What is interest rate parity theorem...explain...
3) Big Mac Index...
4) What is PPP ( Purchasing power parity)
5) Chinese market recent actions on IT and other finance companies...like ant
financials...Jack ma
6) How u reached in treasury...(From branch to Treasury journey)

Telegram: @VICTORY_ARENA Email: [email protected]

43

F1:
1) Tell me about regulatory sandbox...recent cohorts...How many Cohorts...
2) 1 question related to our foreign branch ...
3) GIFT city...other IFSC centers in the world...

13-15 Minutes

Rajan Sir- OK Vivek...Thank u...

No questions from Rajan Sir

49)
Mumbai, Joshi Sir panel
23-08-21
Working as IT Officer BoB
1CM+1L+2M
Duration: 15-17 mins

CM: You are looking nervous. Dont be nervous. How many interviews you have given
CM: Do you know Government has habit of experimenting with Bank of Baroda. Do you
know some govt induced experiments in BoB? (Total bouncer... Somehow told
Amalgamation and Video kyc)
CM: No you didn't got it. Video kyc is bank induced. Govt induced means changes done by
govt. Like BoB was first bank in which they appointed CEO outside of PSB. Do you know
any such thing. Ok leave it you joined recently this things happened before you.(told him
appointment of CTO from outside... But still I was clean bold)
Next Member(1M): You are doing vendor management in bank. What kind of challenges
you face
1M: Don't you think there is challenge in coordination with vendors
1M: You are working as software developer. Tell me something about SRS
1M: How can we manage the changes told by regulators if SRS is given early only
1M: Which risk is more critical Credit or (some other risk name which I was unable to hear)
1M: Why credit risk is more critical
1M: Do you know credit default swaps?
L(Lady Member): Are you preparing for UPSC
L: Why do you left preparation?
L: What was your optional?
L: Do you know Havana Syndrome?(Total bouncer)
L: Which department do you want to work?
L: Do time for CBDC has come?
L: Why we want crypyocurrency?
L: If I changed all of my money into digital currency, then what will happen to commercial
banks?
L: If you face issue in vendor management, why don't you simply contract a big company
and let them have have a subcontracts and vendor management
2M(second male member): I will ask you just a question. What is integrity pact?

Telegram: @VICTORY_ARENA Email: [email protected]

44

2M: Tell me in the context of vendor management

2M: What is derivative?
2M: Why we need derivatives?

(May be it was not my day. I was not able to answer chairman' sir's question itself which
matters the most. I felt like they are just cross verifying us against our psychometric test,
because everyone has been given time of 15 mins and they are also sticking to it. And
there were 22 people to be interviewed today at Mumbai by same panel which seems to
be huge number. All the best for interviews and also for results)

50)
Profile: Petroleum engg + Minor in finance(IIT ISM) 2017
Preparing for civils
Amitabh Rajan Sir Panel
3male +1 female

Chairman sir
Why so many years gap after graduation
Other members will ask questions

M1
How will minor in Finance help in RBI
What were the subjects?
In which department will it help?

M2
Meaning of name?
Why petroleum engineering to public service?
How did you prepare for interview?
What is yield curve management
Why GSAP?
Efficient Market hypothesis?(could not answer)

F1
What is corporate governance?
What are different types of banks?
Why do we need differentiated banks?
Do we need more banks or not?

Thank you
You can go now

Duration around: 10 to 15 minutes

Initially more focus on minor. Except 1 question answered all. Answering efficient market
hypothesis question could have certainly created very good impression. No grilling. also

Telegram: @VICTORY_ARENA Email: [email protected]

45

utility of minor in rbi could have been explained in a better way. I tried but they wanted
more.

51)
23rd aug
Patna
Panel : Amitabh Rajan
4 panel members including 1 mam
Background: Be civil , 2017. Prev administrative officer at insurance PSU , currently
inspector of Income tax

Duration:18 mins
Chairman sir told me to sit down and went away not to come back at all.
M1: 1. why insurance , then income tax , then rbi
I replied rbi Grade B is the top level entry post unlike my current position in it department
Giving me much better growth opportunities plus the pay and perks are unmatched. He
seemed satisfied.
2. Insurance penetration, new law , will it help. Why PSUs in loss
Answered with specific data.
3. How would u increase penetration
Told him I would try and create awareness. Like people think of insurance as a cost rather
than investment and the main issue issue it won't happen to me syndrome. He nodded

M2: recommendation of monetary policy

Told
2. Why the difference in opinion
regarding accommodative stance
Explained
3. Difference between search and survey profile based
Answered
4. What is the credit growth and how is it faring
Replied: at around 5.6 % , it is the lowest in 59 years.
5. Reasons
Replied: risk aversion of both banks and borrowers in these times

Mam:
Why markets are on a high despite low growth
Told her it's due to the fact that full lockdown wasn't enforced in the country this time,
vaccination hopes, measures taken to inject liquidity by rbi and gov, FPI drove growth till
Oct mostly then domestic institutional investors took over. Till April they invested 9878
crores approx. And lastly, since businesses are unable to expand in the view of covid 19,
they are parking their surplus funds in the market.
She seemed satisfied.
Then Mr Rajan came and told me ok Krishna. Thank you.

Telegram: @VICTORY_ARENA Email: [email protected]

46

He did the same.for.the next candidate as well. Wasn't present throughout.. wonder what
the reason is. Hoping for the best

52)
23/08/2021
Byculla, Mumbai
Fourth last to go (post lunch)
Profile -
B Sc Hons Computer science (2018)
Delhi university
NIACL AO (2019) batch

15 mins duration.

BB Joshi panel
3M 2F

Chairman - How will you differentiate between financial statement of a financial entity
and a manufacturing company?
Followup -
How will you asses the health of both from their balance sheets? Some more followup.
M1 - Which department would you like to work in? (Said IT/DPSS/DOS)
Cut short and follow-up - If we send you to a bank to assess its IT infrastructure, what all
will you assess?
What is Quantitative easing?
F1 - Your father works in RRB. Should they be phased out now?
If a new IT product is launched in some company, why are people reluctant in using it?
Heard of Stux-net?
M2 - What is taper tantrum?
You may leave.

PS - No insurance questions as there were around 8-10 insurance people today. Infact 6 of
us were lined up together. Also, no HR questions.

53)
Interview Date & Venue: 21/08/2021, RBI Jaipur, 20th candidate to be interviewed

Academic BG: B.Tech in Chemical Engineering from NIT Jaipur

Work-Ex: Worked as an Operations Engineer in HMEL refinery for 32 months (Core

manufacturing Oil Industry related to my branch)
Resigned in March 2021 to prepare for RBI, No other exams given

Panel Members: 2F, 2M. Total 4 members including Chairperson. Chaired by Singhal Sir
(not sure)

Telegram: @VICTORY_ARENA Email: [email protected]

47

Entered the room, wished Good Morning to everyone (It was 1:30PM lol), Chairperson
corrected me by saying Good afternoon

Chair-person:
(Checked first with me whether he was audible or not)
Q1. Had your lunch?
No sir, not yet
Q2. Would it be better if we called you after lunch?
Told no sir, it is far better to have this before lunch because I am not that efficient after
eating. They all laughed after this including me and that set the tone for the interview
Q3. Read out my work–ex and asked me the reason for quitting it?
Told I was preparing specifically for RBI and wanted to build my mental acumen and soft
skills first which I successfully developed in previous organization and once I was confident
of those, I resigned. Also told about exploring new career directions due to niche nature of
chemical Engineering
Q4. Why specifically for RBI?
Was waiting for this question. Told about the specifics of RBI functioning related to market
operations, forex management, liquidity management and currency stability functions
which gained my fascination towards RBI. Also told them that about my favorite
departments (FMOD, FMRD, Forex in order of preference).
Chaiperson said that was the last question from his side.
Rest of the technical questions were based on these departments’ function/working only.

F1:
Q1. Difference between Repo & Reverse Repo? Told
Q2. Is the policy interest rate the RBI’s target? Told no, and explained about WACR and
monetary policy transmission
Q3. How FMOD manages liquidity and how WACR works? Explained well (WACR, primary
& fine tuning operations, operating targets, forex intervention, transient and durable
liquidity factors)
Q4. This was asked by chairperson when he asked me to explain again about market
sterilization.
He started explaining it himself but I interjected in between and explained that in crisp
manner. He appreciated the effort and told I was confused before but this is the right
explanation now (Relieved, pheww)
Q4. Female member asked about disadvantages of FDI? Faltered here as I went on
explaining that FDI is not our own and had to be returned, didn’t touch upon the
competition factor which was the major one. Could have answered better. She nodded
and said okay!

F2:
Q1. What is the difference between forex reserves of India and countries like China,
Korean and Taiwan?
Explained well. She seemed satisfied
M2:
Q1. So you are a trained swimmer. Where did you get your training from?

Telegram: @VICTORY_ARENA Email: [email protected]

48

Told well
Q2. Chairperson again interjected and asked since it was my 2nd interview attempt, what
went wrong last time?
Explained about the shortcomings and overdependence on coaching materials last time
which led to average performance in mains exam, told I didn’t join any of that this year
and relied on youtube videos, NCERT and books this time. (He surprisingly nodded his
head)
F2:
Q2. Can you do a SWOT analysis of yourself? Had prepared this well so told
Q3. What other departments do you like apart from the ones you told? Told that, since I
was applying for generalist post, I could be comfortable in any department but given a
preference, I would also love to work for Department of Regulation apart from the ones I
mentioned earlier.
Chairperson said Thank you it was all from us.
I thanked everyone and left. Total duration could have been near about 13-15 minutes.
Was able to answer all questions properly barring one where I faltered. No grilling
whatsoever and members seemed satisfied. They were very cordial and were patient to let
me complete every single answer.
Felt the interview went pretty good but fingers crossed

54)
23/08/2021
Byculla, Mumbai
Fourth last to go (post lunch)
Profile -
B Sc Hons Computer science (2018)
Delhi university
NIACL AO (2019) batch

15 mins duration.

BB Joshi panel
3M 2F

Chairman - How will you differentiate between financial statement of a financial entity
and a manufacturing company?
Followup -
How will you asses the health of both from their balance sheets? Some more followup.
M1 - Which department would you like to work in? (Said IT/DPSS/DOS)
Cut short and follow-up - If we send you to a bank to assess its IT infrastructure, what all
will you assess?
What is Quantitative easing?
F1 - Your father works in RRB. Should they be phased out now?
If a new IT product is launched in some company, why are people reluctant in using it?
Heard of Stux-net?
M2 - What is taper tantrum?

Telegram: @VICTORY_ARENA Email: [email protected]

49

You may leave.

PS - No insurance questions as there were around 8-10 insurance people today. Infact 6 of
us were lined up together. Also, no HR questions.

55)
21st August
RBI Mumbai (Byculla)
Reporting: 8:30 am
4th one to go inside
Interview Duration: 17-18 mins
Profile: B Tech Electrical (2017), UPSC CSE Since then, RBI First Attempt

Panel: Amitabh Ranjan Sir + NE Sir + One Male Member + One Madam

Entered the room and asked if I can sit. Wished Good Morning

*Amitabh Ranjan (Chairman)*

Your academic Record is good.
Also praised scholarship section (NTSE etc.)
◆ What were you doing since 2017 (told didn't appear for placements and started
preparing for 'Govt Exams')
◆ Why governmental sector instead of corporate when market was performing good and
based on your profile you could have landed in something good ?
◆ Developmental sector has Centre, State etc. why RBI then ?
◆ What is RBI's role in techno-financial point of view
in the next 5 years
◆ Cryptocurrency from Profit, Regulatory, Legislative perspective

*NE Sir*
◆ You mentioned Financial Inclusion in one of your answers. Tell me what do you mean by
that?
◆ Which dept would you like to work (Said Financial Inclusion and Development Dept)
◆ Initiatives by RBI in Financial Inclusion
◆ Tell me in one sentence the need of Financial Inclusion

*Male Member*
◆ If you have to write White Paper on Global Economy what will you write ?
◆ Tell me from inflation point of view (I uttered wrong inflation figures for Advanced
Economies)
◆ Corrected me and asked whether I know about their actual inflation numbers especially
USA (said No)

*Madam*

Telegram: @VICTORY_ARENA Email: [email protected]

50

◆ Tell me about 2 indexes launched by RBI, Financial Inclusion and Digital Payments Index
(Instead of Access, Usage, Quality I said Access, Cost, Quality. Immediately she corrected
me)
◆ Specific steps RBI has taken in Digitization wrt Cost and Awareness

She said Okay. Chairman Sir said you can go.

56)
Date 24 Aug 2021
Mumbai Venue
BB Joshi Sir Panel

3rd person to go in.

Background: Engg in Naval Architecture. Work experience with private firm for 2.5 yrs.

5 panel members, 3M, 2F

M1: What are the objectives of CRA? What is their relationship with banks? Is there any
conflict of interest in their operation?

M2: What is inflation? How inflation targetting is done in India? Is our target of 4% ideal?
Should we raise the target since our growth is low?

Then went into a discussion about recent MPC recommendations

F1: Regarding the previous profile. How it is relevant in RBI? Suez canal blockage issue
(Profile related)

M3. Reasons for bank mergers. Are mergers good or bad? What is its effect on monetary
policy transmission?

F2: Why dollar is regarded as global reserve currency? Will it stay for long as reserve
currency? What will be the impact of cbdc on international trade? Will affect position of
dollar?

Faltered in the last question. But answered other questions reasonably well. Very cordial
panel. No grilling. Less cross questioning also.

57)
[Forwarded from sfuugfdesede]
Interview Date:24/08/2021
Place:Rbi Bhubaneswar
Profile:2016 Graduate in Mech Eng.,

Telegram: @VICTORY_ARENA Email: [email protected]

51

2 years experience in SBI PO,3 Years Experience Oriental Insurance AO (Currently

Working), B B Joshi Panel,3 male,2 female member.Interview went for 20-22 minutes
Entered into the d room..greeted them..and they asked me to sit and asked how am I
doing!
Male1:Read my bio data..asked on my attempts on RBI..Since it was my third interview in
a row..asked why Am I so adamant on joining RBI..What went wrong last two times and
what did you do differently this time?
Explained them he was quite satisfied and appreciated my effort.
Why RBI?Why not anything else??
Answered and he seemed satisfied
Then
Male2:
Asked about Imf and its multidimensional roles..
About FSB FSDC
What does fsdc do?fsdc structure?How it can do better
Female 1:
Asked me about my hobby on writting in quora?
Asked about my writing? experience and asked me to share some interesting incidents in
my question answer writing experience .
Answered properly she was satisfied..
Then asked about my lean sixsigma green belt..how it is useful ..
Asked about business process reengineering..
And told me to give an example in insurance sector in which business process
reengineering was done recently
Since I was prepared about this hence answered all the questions with examples..

Male 3:
Tell all the working n functions of rbi..told all the functions like almost 10 12
functions..still going on but stopped me saying you know a lot ,hence I will ask you about
some opinion based questions now
Explain me the role of banker to govt..
I explained in detail with all acts ..he then asked me about the conflict in debt
management and my view on the same .
Voila. I was preparing for this since eternity ...told my prepared points..explained
properly..why it is good idea to keep the debt management with rbi only..told the views of
y v reddy and bimal jalan on the same..
He nodded..
Then suddenly he told my name.also said.that it is a very beautiful name..so pleasant to
hear..and told me to pronounce my name in proper odia..I do not know why he has done
this

Female 5:Again asked..how am I doing ...

Asked me two opinion based questions only
Oxfam's inequality report
Eco survey view on inequality
Why there is inequality between advanced countries and emerging economies during the
pandemic.

Telegram: @VICTORY_ARENA Email: [email protected]

52

Told she nodded and said that she got it

Then asked me about derivatives and frauds..should the derivative trading be banned in
India

I explained banning is not the solution ,how regulatory framework and awareness must be
improved and that is the real solution

My view point:
Interview was pretty smooth..May be I missed mentioning 1 2 questns in this
transcript,will add when I recollect them...the panel was extra cordial..no grilling no
technical questions as such...I felt I could have handled the last questn on derivative with
technical datas but instead I gave a generalised answer..Rest the interview was kind of on
expected lines..no questn on Monetary policy,reports,website or insurance as such..
Hoping for the best

58)
Date : August 24, 2021
Location: RO Thiruvananthapuram
Panel: Chairman: Singhal sir plus 1 other male and 2 female officers
Background: B Tech from NIT in 2016, One year at a renewable energy firm, 3 years of
UPSC preparation (mentioned during interview), 3 months at Khadi and Village Industries
Commission, Joined RBI as Assistant 4 months ago(not included in biodata, but mentioned
during interview)

Chair: 3 reasons for why renewable sector is not flourishing

Mentioned high existing investment in non Renewable, very low power tariffs which are
unsustainable, excessive policy push on solar PV (chairman countered saying that solar is
also renewable)
Chair : 5 advantages of renewable energy (mentioned only 3)
Said low pollution, sustainability, climate change...
Chair: explain the 3 year gap.
Said that I left job for upsc. After 3 years, left upsc preparation and focused on RBI gr
B..joined RBI as Assistant recently. (Since I mentioned this,no counter questions were
asked regarding upsc preparation or engineering)
After this chairman left and came back after a while.

Madam 1: which dept in RBI?

Mentioned FIDD
M1: is there a need for Bank lending for village industries or can KVIC manage without
banks. Reasons for poor lending?
Said that KVIC gives subsidies only and banks give credit. Mentioned reasons like
information assymetry, poor awareness, etc.
M1: which sections are you looking after
Mentioned the 2 sections and follow up questions on importance of MSME and Lead
Bank scheme.
M1: asked about NPA percentage for government schemes in Kerala.

Telegram: @VICTORY_ARENA Email: [email protected]

53

Didn't know. She also mentioned about some quarterly report by SLBC which mentions
this. Said that I haven't read it.
M1: CD ratio of Kerala
Answered. Follow up questions on districts having higher CD ratio than state average.
Answered only about one such district and said that I couldn't recollect the others.

M2: what do you mean by CD ratio.

Gave the definition
M2: asked about why I didn't mention Assistant job in biodata.
Mentioned that I joined recently
M2: What have you learned about RBI after joining regarding the functions
Mentioned various functions
M2: how is currency issued?
Mentioned about hub and spoke model and currency chests
M2: is treasure in currency chests, a property of banks ?
Mentioned that it is a property of Issue department
M2: diff between regulation and supervision
Mentioned policy formulation and monitoring of implementation
M2: how is supervision done?
Mentioned 4 pillars of supervision: on site examination, off site surveillance, market
intelligence, audit reports

The other Male officer took over.

Sir: How is market intelligence collected?
Mentioned about separate MI unit, data collection methods
Sir: what other departments are there in RBI Thiruvananthapuram
I had forgotten to mention Banking department along with the initial functions. After
mentioned the departments like HRMD, DIT, Estate, DSIM, etc, I mentioned Banking and
apologised for forgetting it initially.
Sir: what does banking department do?
Mentioned about Banker to Govt and Banker to Banks, and major activities done by the 2
sections

Chairman took over

Chair : which section of RBI act pertains to my department FIDD
Mentioned Section 54 and explained

Overall experience was good. No questions relating to hobby or the day's news, though
major events related to RBI were in the news.
By God's grace, entire interview revolved around my profile and that too around RBI.
Not sure about the duration. May be 10-15 minutes.

60)
Profile - NIT JSR , EEE branch , 1 year job ,qualified for upsc interview
Rbi Patna

Telegram: @VICTORY_ARENA Email: [email protected]

54

22-25 minutes , Amitabh Rajan panel

Chairman
- what happened after you left your job ?
- what made you change that - was it intellectual evolution, shift of priorities , monotony
or some other factors
- okay , I will ask one question - what is IR4.0 , why it is called disruption and how to fuse
this with finance and challenges , speak for 2 minutes . ( After I started and spoke for 1.5
minutes , he said I got you )
M1 - what was your job profile
- which dept of rbi you liked the most .
- how will you contribute in rbi
- rbi steps for financial inclusion
- what is lead bank ?

M2 - So , your optional in cse .

- have you applied for cse said no ..again asked and said no ..then he countered but you
have so many attempts left and you want till interview last year ( didn't tell them about
this year cse interview )
- okay , what are fiscal policy measures taken by govt ,
- do you think ,it's sufficient - I said no
- what more could be done .
- from where will you bring resources .explained
- then he again countered but what about rising debt -- told him about concept of IGRD of
economic survey .
-again countered you said states quality of expense should be improved , how centre will
do that - I gave hint of various recommendations of 15th FC , how devolution of fund is
linked to performance .

M4 - are you interested in stock market ?

- why stock markets in China is going down but not in our case -- explained .I used taper
tentrum in this
- asked how will it affect , please explain .
- RBI's publication have you read - I said sorry but read only reports , then asked which one
- annual reports and FSR ..said okay ,thank you , you may go now ..

61)
Profile: Petroleum engg + Minor in finance(IIT ISM) 2017
Preparing for civils
Amitabh Rajan Sir Panel
3male +1 female

Chairman sir
Why so many years gap after graduation
Other members will ask questions

Telegram: @VICTORY_ARENA Email: [email protected]

55

M1
How will minor in Finance help in RBI
What were the subjects?
In which department will it help?

M2
Meaning of name?
Why petroleum engineering to public service?
How did you prepare for interview?
What is yield curve management
Why GSAP?
Efficient Market hypothesis?(could not answer)

F1
What is corporate governance?
What are different types of banks?
Why do we need differentiated banks?
Do we need more banks or not?

Thank you
You can go now

Duration around: 10 to 15 minutes

Initially more focus on minor. Except 1 question answered all. Answering efficient market
hypothesis question could have certainly created very good impression. No grilling. also
utility of minor in rbi could have been explained in a better way. I tried but they wanted
more.

62)
Date:18/08/21, Lucknow.
Time:~20 mins.
B.Tech(IIT, Mechanical)
Job Exp-1 yr. 4 months.
Career Gap-3 years 9 months(UPSC)

Chair:
1)Meaning of your Name.
2)Why did you leave job?
3)Journey so far in UPSC?
4)Why economic stimulus required in pandemic?
5)Types of stimulus.

M1.
1)Can Govt be regulator of banks?
2)If Govt sells all its stakes, can then it be regulator of banks?
3)Fav deptt-FI&D

Telegram: @VICTORY_ARENA Email: [email protected]

56

4)If FI is not there?-External Investments.

5)Functions of Ext Investments.
6)How will your contribute.
7)What is Letter of Credit?
8)What is the meaning of AAA and all?What is better AA or AAA?

M2(Female)
1)UPSC optional-PSIR
2)Afg-Talban issue-What more could the Indian govt have done?
3)Why did the Afghan Army surrender without resistance?
4)Leadership role in job-How did you resolve a crisis?
5)What criteria to study for making foreign investments?

M3
1)Cryptocurrency.
2)Do you agree with RBI stance on cryptocurrency?
3)Terrorist financing can be done normally also, why only cryptocurrency is a risk?-Said
Demonetization.
4)Demonetization done for which denominations and why?

M4(female)
1)Shadow Economy should be allowed or not or partly allowed.

A few follow up questions here and there might have been missed. Very cordial panel.

63)
Location : Bhubaneswar, 24.08.2021
Profile : Mechanical Engineering (NIT BHOPAL), Working in Oil Marketing Company Since
2016.
12-15 Minutes
Chairman saw my biodata, murmured something about my gross emoluments, and then
Why RBI?

M1:-
Tell 3 reasons of rising NPA.
What is Zombie Banking. (Had no idea)
Tell me about Derivatives, are they good or bad?
IMF

F1 :-
DATA is new Oil. What's your take on it?

M2 :-
Difference between cooperative society and banks, their regulation.
MPC Mandate.

Telegram: @VICTORY_ARENA Email: [email protected]

57

F2:-
Opinions on Trade barriers and protectionism. (Gave mixed opinions, but she was
adamant for one sided view).

PS:- Majority of the interview was about opinions. fumbled answering few
of them.

64)
Aug 18
RBI Kolkata
15-20 minutes
Amitabh Rajan Panel with 1 male, 2 females

Background: Science Postgraduate, NET qualified, no work ex

1. Why not join PhD and why RBI?

Some cross questioning, difference between a good lab and RBI etc
2. Which books by RBI governors have you read?
3. What are the exact issues with LIBOR that it is getting discontinued? How will it affect
the economy?
4. What is financial stability? How RBI maintains it?
5. What is asset liability management? Why poor governance leading to scams takes place
in banks? What is the risk emanating from it called?
6. What are systematically important institutions? Why they need to be protected from
failure?
7. What are ARCs? What is the need when banks can do the same work?
8. What attracts you most in RBI?

Overall decent. Panel very cordial, almost no grilling.

65)
20.08.21
Lucknow
Not sure about panel
Background: Environmental engineer- IIT, 2017 batch,
1 year work ex in Vedanta limited, UPSC since 2018
Chair-
Elaborate what is environmental engineering?
What is ESG
Difference between ESG AND CSR
M1-
Do you know about NPA? Do RBI have NPAs?
Measures taken by RBI during COVID.
F1-
What were you doing since 2018?

Telegram: @VICTORY_ARENA Email: [email protected]

58

What is your optional? Which part of it you like the most?

Tell me some interesting engineering solutions to climate change.
M2
Recently Sterlite copper ( a unit of Vedanta) was in news. What was the issue?
Consider yourself as head of Vedanta and I am the government. Convince me to allow you
to open the plant again
F2
What is inflation?
Is it bad?
How purchasing capacity decreases?
Why don't we have zero inflation as target?

12-15 min approx.

Learning: if there is something unique in your bio dat, prepare it thoroughly.

66)
Chandigarh
3 August, 2021
Profile: B.Tech (ECE) + PGDBF + Caiib
Experience: 1 year 4 months in Indian Bank (Probationary Officer), 1 year 9 months in
Nabard (Grade A)

Interview questions:

The Post graduate diploma course was of 6 months? What is it tell us?
What have you done from 2015 to 2017?
You have written good analytical reasoning abilities, cool, calm and composed nature,
quick learner, justify this? (Follow up questions)
Types of risk in Banking ?
Tell us about risk management committee?
Governance risk you have not mentioned, tell about it? (Follow up questions)
Have you heard about risk appetite, tell about it.
What is regulatory sandbox?
What are your views about work from home, how sustainable it will be in long run?
Tell about your department in Nabard?
Are you following olympics, tell about 100m race winner?
Which fund is there in Nabard for financial inclusion?
Tell about PIDF (payment infrastructure development fund), would not it overlap with
fund of Nabard? (Follow up questions)

Duration was approximately 15 minutes, all the members were very cordial and humble.

67)
Sanjay K Meena:

Telegram: @VICTORY_ARENA Email: [email protected]

59

#Sanjay K Meena ,Most probably Singhal sir's panel(Not sure as I was not able to see the
faces ),20 minutes (9-9.20 AM)

Profile-B.tech in electrical engineering from IIT Ropar(2016),Masters in sociology from

IGNOU(2020),LLB (2021-),NET JRF in sociology ,UPSC aspirant.
Hobbies-Stairs running ,watching web series and listening to Music.Got selected in SBI PO
(2020-21 ) but haven't joined it yet.

Chairman-

Q1.You have done your graduation in electrical engineering what you have learnt ??(
Talked about moral values like leadership quality , Teamwork, and mentioned about
elective courses in social issues and economics other than core engineering)

Q2.Why you opted for engineering??(Told him that I am from rural area so didn't have any
exposure .I was guided by my parents to opt for it)

Q3.What do you think about your decision regarding engineering??Do you feel it was a
right choice ?? (Yes ,as I am from rural area premier institute provided me opportunity to
grow both in academics and personal life,also mentioned that I have got selected for SBI
PO and it was the result of skills that have been acquired during Engineering )

Q4.Then he asked why you haven't joined SBI?

-I told that I always wanted to pursue my career in a organization where I can balance
both my personal and professional life.

Q5-Then he countered by saying that do people working in SBI don't have normal life ?
Should they all come to Rbi only ??
Answer - I answered in a polite tone that though SBI provide a great opportunity to
grow.But every individual has their choice regarding their career and I have also prepared
for civil services and the knowledge that I have acquired there can be better utilised in a
regulatory organization.
.
Q5-You have mentioned about civil services preparation.Have you read this year's
survey?what was the main theme??
Answer -I said I am sorry sir .I am not able to recall it right now but the survey talked
about jobs, employment, infrastructure ,women empowerment.
To which he said don't lie if you have not read it .
I said sir I have read it but I am not able to recall right now .(May be he wanted to discuss
about pandemic ,I missed the opportunity)

NE Member(M1)-
Q1.Sanjay how your knowledge of electrical engineering can be utilised in RBI ?

Answer - Sir during Engineering I have gained knowledge about power generation ,
transmission and power losses.These inputs I can provide to develop electricity sector .

Telegram: @VICTORY_ARENA Email: [email protected]

60

(He asked only one question don't know why)

M2

Q1-So you belong to karauli district .How is the economic condition of it ?

Answer - I said sir it is a economically backward district where most of the people are
engaged in agricultural activities (rainfed ),minimal MSMEs presence - also mentioned
about less financial resources , irrigation issues due to which production is very less ,and
youth is engaged in disguised employment.

Q2- How would you ensure development of it after coming into RBI?
Answer - Finance should be pushed into these sectors through commercial banks,
cooperative banks ,nabard ,micro finance institutions .

Q3.But rbi is doing that from many years ? What is the ground level issue ?
Answer - I said people don't have awareness about formal credit mechanism in rural areas
.They go for informal credit which is quite costly and make them victims of bondage.

Q4-What should be done to resolve it ?

Answer -Sir,awareness should be promoted for formal credit by engaging local
people,teachers so that investment can be promoted in machinery,quality seeds and
production can grow.

Q5-How many banks are there in your village ?

Answer - I initially said two .But immediately said sorry and told that there is one bank
and two ATMs .

Female Member (My saviour )

Q1-Govt has the target of 5 trillion dollar economy by 2024-25 .What are the challenges
and also mention some steps that should be taken??.

Answer - I have mentioned about inadequate financial resources,skills(told that according

to NSSO data we have only 2.7 percent skilled working population),Women are excluded
from productive Labour force(also mentioned about data that they constitute 48
percentage of population but same is not reflected well in labour force participation),
infrastructural bottlenecks .In solution I have mentioned about more private sector
participation to resolve financial issues,skilling the youth especially rural youth which is
engaged in disguised unemployment,quality health and education to women so that their
participation in productive workforce can be increased(Patriarchal mindset should be
shunned ).

Q2-Then she said sanjay some neighborhood countries (not able to recall the names ) have
high export potential don't you think we should also promote our exports ?

Answer - I said sorry mam I have missed that .We should surely focus upon our exports
which will ensure high forex that can be utilised to promote investment in infra.

Telegram: @VICTORY_ARENA Email: [email protected]

61

Q3- and what do you think regarding areas like electricity and infra .

Answer-(I have already mentioned about infra but don't know why she mentioned it again
)I said ,Mam electricity plays major role in development and growth & current govt is
focussing on renewable energy like solar ,wind etc.States like Gujarat and Rajasthan have
very high potential and we should harness it by installing more solar panels,wind turbines.
Plus infrastructural investment should be taken care of.

Chairman sir was quite strict and I think I was not able to impress him but Mam helped me
quite a lot by giving hints again &again .No rbi related technical questions .Overall it was
a good experience .

69)
Interview Transcript
Background: Chemical Engineer, civils prep
Date: 16 August 2021
Location: Kanpur

Q1. What were you doing for the past couple of years?
Q2. What is market risk?
Q3. Why can't government do the functions of RBI?
A: I told the idea of having an autonomous legally mandated organization enhances
confidence in currency. I talked in passing about possibility of misuse because government
itself is a big user of credit in the economy and it might create problems if they manage it.
(this is what they were looking for)
Q4. What is conflict of interest? (Related to previous question)
Ma'am asked next questions
Q5. What is something you did in chemical engineering which will be helpful for RBI?
Q6. What is deficit financing?
Q7. What are the issues related to it?
A: I talked about excessive build up of debt, which can lead to issues related to credit
rating. Also talked about crowding out of private investment and explained in the cross
questions.
However, they once again wanted to listen about conflict of interest and told me to say
something about it.
They were probably talking about debt monetisation, however, I was unable to recall it at
that point and I said that I did not know.
Q8. Explain the issue related to Amazon, future group and reliance.
Sir asked the question next
Q9. Is it possible to reduce the risk to zero?
Q10. Is there any other central bank which performs extra functions than that of monetary
policy, debt management etc.

Time: 10-15 minutes

Telegram: @VICTORY_ARENA Email: [email protected]

62

Overall experience: Answered most of the questions with confidence. They were to the
point and crisp. Exceptions were the reliance group question, where they could have seen
the reduction in confidence. The first question itself was tough because sir said in passing
that you failed elsewhere so you are here. The question about usefulness of chemical
engineering was also tough. I emphasised the multidisciplinary nature of job which gives
various perspective to look at problems at hand. Don't think the answer was satisfactory.
Questions were in general very easy and rudimentary.
Practicing every day in front of mirror/camera for even 5 minutes is the key to keep
confidence high. If not for that, the interview would have been abysmal instead of
okayish.

71)
Date : 24/08/2021
Venue : Thiruvananthapuram
Panel : Deepak Singhal Sir
Profile : BE Electrical 2017, 2019 AE in TNPWD, 2020 - now PO in SBI

Chairman

1) You completed BE in 2017 and you joined PWD in 2019. Why 2 year gap?

2) Is it a class 1 job?

3) A graduate should come under Class 1 na?

4) So is it like Junior Engineer?

5) Ok, now you are in SBI. What are you looking after?

6) What type of Retail loans you give?

7) What is Clean OD?

8) What is the interest of Clean OD?

9) What is the interest of Housing loan?

10) Do you know PSL?

11) Does Housing Loan come under PSL?

12) What is the limit?

Member 2 (Lady)

1) What is the interest rate of SBI credit card if I am taking EMI?

Telegram: @VICTORY_ARENA Email: [email protected]

63

2) Why is it so high?

3) I am using SBI credit only. You give clean OD for 10.6% & Credit card EMI for a much
higher percentage why?

4) So you mean SBI Credit Card is a NBFC?

5) What is NBFC?

6) What is the difference between bank and an NBFC?

7) What type of deposits does NBFC accept?

8) Which NBFC is bigger in your state

9) How is SBI performing?

10) What is GNPA?

11) What is NNPA?

12) What is provision?

13) Any provision for Standard Asset?

14) How much & Why?

Member 3(Lady)

1) From where does your branch get cash for daily use?

2) Who owns the Currency Chest?

3) Where will you report the credit and debit of cash taken from the chest?

3) What is C/D ratio?

4) What is the C/D ratio of your state?

5) Did you read about CBDC?

6) What is CBDC?

7) Difference between CBDC & Crypto Currency?

8) What is your branch's advance & deposit?

Telegram: @VICTORY_ARENA Email: [email protected]

64

Member 4

1) What is the main business in Kanniyakumari?

2) Regarding RBI policy towards SME? (Fumbled here)

3) Relax, Relax. What would you do in your free time?

4) Gully cricket.. ha ha. Nice

Chairman
That's All. You may leave

72)
Mumbai
Profile -
Bachelor of Arts-2016
Working as AO in NIACL for the last 4 years

15 mins duration. BB Joshi panel

Chairman:
Difference between assurance and insurance? C: but NIACL is a general insurance
company.Then why ‘assurance’?
C: what is fellowship of Insurance Institute of India (mentioned in biodata form)?
C: We rarely come across such profiles. (Arts background) What is the importance of
history?
C: but people always ask when was third battle of panipat held? What lessons can be
learned from dates and facts?

M1: How geography impacts economy?

M1: Risks faced by banks.
Why RBI regulates banks?
M1: various types of budgets?
M1: deficit budget? Zero based budgeting?
M2 : I liked your answer about important of history. Tell me about treaty of Versailles.
M2 : question about recent space programs and their link to insurance sector

M3: Difference between regulation and supervision

M3: Functions of RBI
M3: Basel 3. New ratios? What is new about CRAR?
M3: opinion about increased limit of FDI in insurance sector

M4: disinvestment-opinion

Telegram: @VICTORY_ARENA Email: [email protected]

65

73)
Rbi roll no 2031002120

Profile - Physics post graduate , preparing for Upsc

Date 20 -08-2021
Lucknow

Panel - 5 members 3 Male 2 Female

Chairman
1. What were you doing since your masters ?
I didn't mention UPSC
2. Have you heard of Surveillance Capitalism ?
3. What is CSR ?
4. Are CSR and corporate governance related ?
5. Is their inverse relation between inflation and growth always ?

M1

1. What are you - a bowler or batter ?

2. Who is your favorite bowler ?
3. What are derivatives ? How do they help hedge risk ?

F1

1. What are some practical uses of Quantum Mechanics in day to day life ?
2.Why pure science not much respected in India ? What will you do to change it if you
were secretary of DST ?
3. How will you use your excellent physics knowledge in RBI ?

M2

1. Tell me some functions of RBI ?

2. How does RBi sets interest rates ? What is Repo ?

F2

1. What do you do in freelancing ?

2. Legally mandated , socially acceptable , morally justifiable - are they same or different ?

Chairman - ok thank you amit , your interview is over

Overall panel was very cordial and helpful. Gave ample time to respond .

Telegram: @VICTORY_ARENA Email: [email protected]

66

I am not sure about duration of interview or about how well I performed.

74)
Interview RBI Grade B

Date : 21/08/2021
Age : 27
Background : Engineering, one year core company and then Bank of India 2 years
Non UPSC
Mumbai Byculla

Panel : 3 M + 1 F
Cordial Panel
VC setup good quality.
( Candidates sat near to the camera so when we looked at TV the panel felt that we are
looking elsewhere. I also did the same mistake )
( Panel was from Delhi , feed se location dhekha )

Questions :

Chairman: Clearification on bio data; why jump from Core engineering company to
commercial banking

M1:
Q1) Why is inflation in India set at 4% and USA near about 0% and follow up questions (
fumbled terribly )

Q2) Corporate Bond market status in India ? ( Didn't had any clues about it )

Q3) Which credit rating you use in your bank ?

Q4) Status of USA banking system ? ( Bhai mai Modi ka bhakt hu I am vocal for local .I
had prepared from India perspective . Ajj to Globalisation ne pura vat laga dala )

M2 ( North east guy )

What is Kaizen ? ( Project at previous company) ( Couldn't answer upto the mark )

F1 :
Q1) How was your experience in Bank till now ?

Q2) Were you given adequate traning for working in Bank ?

Q3) Why many youngsters like you want to leave Bank ? Answer very freely don't be
hesitant we won't hold it against you !

Ok you may go now

Telegram: @VICTORY_ARENA Email: [email protected]

67

Hope this helps. Interview went average for me. Couldn't put points properly though panel
was cordial. Interview went for nearly 10 mins

All the best bhai log.

75)
DSIM department
Currently working in French investment bank- 1yr +experience
Interview in Bhopal RO, 28th August
Only one in the centre for interview
Reached the centre by 8:30 AM
Document verification was done first and just after that interview started from 9:15
Amitabh Rajan sir panel
Interview duration 15-17 minutes
1. Tell us about National statistics commission. (Told objective, but couldn't when it was
set up)
2. Name of the publications that RBI produces. (I had read some of them, but couldn't
exactly remember their names)
3. Any book related to economics and finance that you've read. (Said no)
4. Any research papers that you've read from RBI website. (Told what the papers were
about, but they also wanted the exact name)
5. Functions of RBI (Told)
6. Functions of DSIM (Told)
7. What's your specialization
8. Name some methods to do a time series forecasting.(told)
9. Name the method used for deseasonalizing a time series data. (I don't think there's any
name for the method and I told them the process, but they were focusing on the name)
10. How we do ARIMA(Told)
11. Tell about the surveys that DSIM conducts.(Told most of the surveys, their objectives
and type of sampling used)
12. About CBDC, how will it impact corporate banks.(told, and for the cross the question
that the banks will be worried,I told that, I don't see much issue here, we can build an
infrastructure such that this will just work as a cashless currency)
13. Difference between FDI and FII.(I don't know much about this, so thought to leave it)
14. Latest MPC report highlights(told about gdp, inflation, forecasts)
15. Why do you want to leave a French investment bank and join RBI(told, I hope they
were satisfied)
16. How are you going to model a multivariate time series data(told)

Telegram: @VICTORY_ARENA Email: [email protected]

68

THANK YOU
&
ALL THE BEST FOR
THE
RBI GRADE B 2022
INTERVIEWS

Telegram: @VICTORY_ARENA Email: [email protected]