The Karnataka bank clerk Interview stands between you and you becoming a Karnataka bank clerk at this point. Don’t let anything get in the way of your success; certainly, the interview process is a little unsettling, but that shouldn’t bother you. Expected Karnataka Bank Clerk Interview Questions are provided to you as a confidence booster in this blog.
Expected Karnataka Bank Clerk Interview Questions
You can expect banking related questions in your Karnataka bank clerk interview, unlike any other bank interview. Here are some topics and possible questions about banking so that you can be prepared for the Karnataka bank clerk interview. Before diving into banking questions, Do you know anything about the bank you want to work for?
Go through Karnataka Bank Details Here
1. What is 1st Quarter Report of Karnataka Bank?
- Karnataka Bank has posted a Net Profit of Rs.114.05 crores, during Q1 of FY23 as against Rs.105.91 crores recorded during the corresponding quarter of the previous financial year, i.e., Q1 of FY 22, with an Year on Year growth rate of 7.69 %. The operating profit of the Bank stood at Rs.412.65 crore as on 30-06-2022.
- The bank’s gross non-performing assets (GNPAs) declined to 4.03 per cent in Q1FY23 from 4.84 per cent in Q1FY22.
- Net NPAs dipped to 2.16 per cent at end of Q1FY23 from 3.02 per cent a year ago
2. What do you know about Karnataka Bank?
- Pradeep Kumar Panja appointed as Chairman of Karnataka Bank
- Karnataka Bank CEO: Mahabaleshwara M. S.
- Karnataka Bank Founded: 18 February 1924.
- Karnataka Bank has bagged three awards at the 17th Annual Banking Technology Conference and Awards: 2020-21 Next-Gen Banking, instituted by Indian Banks’ Association (IBA). The bank has won the awards under categories: Best Technology Bank of the Year; Best Fintech Adoption; and Best Use of AI/ML & Data Analytics — all runners-up.
- Karnataka Bank has launched an all-in-one Point-of-Sales (POS) swiping machine dubbed as ‘WisePOSGo’, for its merchant customers to process business payments. The private sector lender has rolled out this POS device in collaboration with Mswipe Technologies Pvt Ltd.
- Karnataka Bank has launched an online savings bank (SB) account opening facility through ‘Video-based Customer Identification Process (V-CIP)’. The facility enabled in the corporate website of the bank, empowers prospective customers to open an SB account through an online process and complete KYC (know your customer) verification through a video call at their place of convenience.
- Karnataka Bank Limited Tagline: ‘Your Family Bank Across India’.
- Karnataka Bank Headquarters: Mangaluru
- Karnataka Bank has been conferred with two DigiDhan awards instituted by the Union Ministry of Electronics and Information Technology (MeitY). The awards were given during Digital payment Utsav in New Delhi.
3. What is a Bank?
Ans- As per section 5(b) of Banking Regulation Act, 1949
- “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise
- Bank is a financial organization which accepts deposits and provides loans.
4. How does Banks Generate Profit?
Ans- Deposits of Customers with the bank are assets of the customer and liability of the bank.
Loans borrowed by the customer from the bank are the assets of the Bank and the liability of the customer.
Other Banking Related Questions
- What is CRR, SLR, Repo Rate, Reverse Repo Rate, Bank Rate, NPA etc.(other banking related terms)?
- What are the reasons for rising inflation in India?
- What do you know about Share market?
- What is fintech?
- What is e-commerce?
- Is bank-merger a good option?
- What do you understand about NPA?
- How does a bank generate revenue?
- What is the difference between CRR and SLR?
- What is NABARD?
- What are scheduled banks?
- What is the difference between Inflation and Deflation?
- What do you mean by FDI?
- Tell us some current events at the international level?
- Can you name ASEAN countries?
- What is the difference between REPO and reverse REPO?
- What do you mean by CTS?
- What is known as MICR?
- What do you mean by KYC and what are the documents considered for the purpose of address proof and identity proof as per KYC?
- What are the eligibility conditions for a minor opening a bank account?
What all questions to expect? – Karnataka Bank Clerk Interview
Q. There might be questions upon the candidate’s most recent academic/job profile.
If you are currently serving in any organization, be prepared to answer questions about
your job profile. Tell them clearly about your current job’s roles and responsibilities.
Q. Be ready to answer the most infamous question that is “Why Banking Industry?”.
Try and convince them that you have a keen interest in this sector and want to build your
career in the Banking Industry. Never show them that the PO job is your last resort and
you are very desperate for this job.
Q. As this is a job in the Banking Industry, be ready to face General Awareness/Current
Affairs questions. They will test your General Awareness. How aware and well-informed you are about the recent day to day happenings in the India & the world. Keep reading newspapers and revise the latest happenings before you go for the interview.
Q. Always expect Basic questions on Banking & Financial Awareness. Interviewers would surely test you on some basic banking awareness questions and your basic knowledge about the Banking Industry. Prepare in advance and answer confidently. Even if you are not aware of some answers. Do not get fidgety and anxious. Learn to say politely that sorry you don’t know the answer.
Q. If you’re a fresher/just passed your college, you can expect some questions on the major subjects of your graduation or post-graduation.
Q. Know about your place of birth, the places that you have lived in so far, the attractive
or famous things of those places, their historical importance etc.
Q. There might be a few questions upon your Hobbies and interests. The hobbies and
interests mentioned in the Bio-data form should be real and not fabricated. You might
be asked a few questions about them and if you are unable to answer these, then they
might roast you as well.
Topics to Cover – Karnataka Bank Clerk Interview
Karnataka Bank Clerk Interview Questions: It is essential for bankers to be aware of banking awareness topics since these topics will definitely be asked at the interview. You can check a few important banking awareness topics below.
| Guidelines on Regulation of Payment Aggregators and Payment Gateways | Restriction on Storage of Actual Card Data: Tokenization |
| RBI Innovation Hub | National Bank for Financing Infrastructure and development |
| NARCL | IDRCL |
| Importance of CASA | Monetary Policy Rates |
| Privatization | CPI and WPI |
| Profit of Banks Bank NBFC difference | Payment Systems AIFI |
| NPA | Cheques |
| Financial Markets |
Recent News
Karnataka Bank Clerk Interview Questions: Update yourself with certain recent news and recent developments in the banking sector. You will be asked questions regarding war and other crises going on around the world and how they affect the economy directly. At your interview, you can expect to hear about the following recent news:
- Russia Ukraine War Impact
- Increased FED Rates Impact
- Fiscal Deficit
- Unemployment
- Inflation
- Dollar Getting Stronger (Devaluation)
- Sri Lanka Crisis
- Recession
Banking Topics
Karnataka Bank Clerk Interview Questions: There are some important banking topics you are subjected to know about. Before attending the interview, review some of the important topics, such as:
- Bank and NBFC: Role of DICGC and Types of Banks
- Types of Banks Accounts: Basic and Advance
- Types of Banking: Type of Collateral: Types of ATMs
- Negotiable Instruments and Types of Cheques
- Payment System: NEFT, RTGS, IMPS, UPI, USSD
- Inflation: Causes and Type of Inflation
- RBI: History Function and MPC and PSL
- NPA Explanation and Categories of NPA
- Recent Updates in the Banking Sector and Miscellaneous
Conclusion
Karnataka Bank Clerk Interview Questions: There is no way to predict what will be asked in a bank interview (other than the usual HR questions). You must prepare optimally as a candidate so that you can succeed at Karnataka Bank Clerk interviews. For your general understanding, we have provided guidelines and some typical questions you might encounter during an interview but remember you can never be sure which questions will be asked.
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