Why Do You Want to Join Banking Sector
Dear job seekers when you will appear in direct walk-in or
in any face to face interview for a job your welcome will be with
the question
that is “Why Do You Want to Join this organization?”. Similarly, when a
candidate shortlists for an applied post interview in bank the same question
will be asked. Bank jobs like PO/Clerk might come across a common question
asked by an interviewer i.e. Why Do You Want to Join in Banking Sector? The
most common answer need not to speak so try to practice to express their answer
by pointing financial term so that interviewers could select you.
In this article Best Answers are given for question “Why Do
You Want to Join Banking Sector?”. Selected appliers can easily take help
through Online for career development programs. If you speak something related
to remuneration like I want to join Banking sector because Bank provides
handsome salary or I’m here for money then your answer leaves a negative
impression on an interviewer. During an Interview, you first listen the
question “what is being asked from you”? Then try to express your thoughts
through words in easy language. Other highlights suitable for “why do you want
to join in Banking Sector” are given below for all the visitors of this
portal!!
Best Answers Online
Challenges: A challenge is a motivating factor for
those who are ambitious and passionate about their work. It gives a chance to
develop the personality as well as growth of the employee .
Scope for Growth: It is one of the fastest growing
sectors with high growth rate. Banking sector always provides extra ordinary
growth/development and also great opportunities for higher learning.
Job Security: If a person gets a job in public sector
banks then he do not need to worry about being fired. Public sector bank
provides the best job security as well as special facilities till the
retirement of the employee.
Job Satisfaction: Doing work in a bank always gives
the best satisfaction to the contender. An employee gets allowances and
advantages and with this the most important thing i.e. self satisfaction.
Variety: Now some banks are using updated technology
for their work which adds good value to their employees and it also provides
them new experience. Bank jobs provide an opportunity to work in different
parts of the country and sometimes other country also.
Some Frequently
Asked Questions In An Interview:
Question: What is
investment banking?
Answer:
Investment banking manages portfolios of financial assets, commodity and
currency, fixed income, corporate finance, corporate advisory services for
mergers and acquisitions, debt and equity writing etc.
Question: What
are the different ways you can operate your accounts?
Answer: You can
operate your bank accounts in different ways like
1. Internet banking
2. Telephone or
Mobile banking
3. Branch or Over
the counter service
4. ATM (Automated
Teller Machine)
Question: What is
(APR) Annual Percentage Rate?
Answer: APR
stands for Annual Percentage Rate, and it is a charge or interest that the bank
imposes on their customers for using their services like loans, credit cards,
mortgage loan etc. The interest rate or fees imposed is calculated annually.
Question: What is
‘balloon payment’?
Answer: The
‘balloon payment’ is the final lump sum payment that is due. When the entire
loan payment is not amortized over the life of the loan, the remaining balance
is due as the final repayment to the lender. Balloon payment can occur within
an adjustable rate or fixed rate mortgage.
Question: What is
‘Amortization’?
Answer: The
repayment of the loan by installment to cover principal amount with interest is
known as ‘Amortization’.
Question: What is
negative Amortization?
Answer: When
repayment of the loan is less than the loans accumulated interest, then
negative Amortization occurs. It will increase the loan amount instead of
decreasing it. It is also known as ‘deferred interest’.
Question: What is
debt-to-Income ratio?
Answer: The
debt-to-income ratio is calculated by dividing a loan applicant’s total debt
payment by his gross income.
Question: What is
adjustment credit?
Answer:
Adjustment credit is a short-term loan made by the Federal Reserve Bank (U.S)
to the commercial bank to maintain reserve requirements and support short term
lending, when they are short of cash.
Question: How
bank earns profit?
Answer: The bank
earns profit in various ways
1. Banking value
chain
2. Accepting
deposit
3. Providing funds
to borrowers on interest
4. Interest spread
5. Additional
charges on services like checking account maintenance, online bill payment, ATM
transaction
Reminder:
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