ICICI Bank
Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards
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I applied via AmbitionBox and was interviewed in May 2024. There was 1 interview round.
Yes, provident fund (p.f.) deductions are typically included in an employee's salary.
Provident fund (p.f.) deductions are a common component of an employee's salary in many organizations.
The amount deducted for p.f. is usually a fixed percentage of the employee's basic salary.
Employers may also contribute a matching amount to the employee's p.f. account.
P.f. deductions are meant to provide financial security to employe
The transfer process involves moving funds or assets from one account to another within the same bank or between different banks.
Transfer can be done through online banking, mobile banking, ATM, or in-person at a branch.
Customers need to provide details such as account numbers, recipient's name, and amount to be transferred.
Transfers may be immediate or take a few business days depending on the method chosen and the re...
Promotion process involves evaluating employee performance, potential, and qualifications to determine eligibility for advancement.
Promotion process typically starts with an evaluation of the employee's performance in their current role.
Potential for advancement and qualifications for the desired position are also taken into consideration.
Employees may need to undergo interviews, assessments, or evaluations to determin...
I applied via Walk-in and was interviewed in Apr 2022. There were 2 interview rounds.
I was interviewed in Jan 2025.
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Example Question (Numerical Ability):
Question:
If 15% of a number is 45, what is 30% of that number?
Solution:
1. Find the number:
If 15% of a number is 45, then
\text{Number} = \frac{45}{0.15} = 300.
2. Calculate 30% of the number:
Now, 30% of 300 is
0.30 \times 300 = 90.
Answer:
30% of the number is 90.
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Additional Example (Simple Interest):
Question:
A bank offers a simple interest rate of 5% per annum on a deposit of Rs.20,000. What will be the interest earned in 3 years?
Solution:
1. Use the simple interest formula:
\text{Simple Interest} = \frac{P \times R \times T}{100}
= Principal amount = Rs.20,000
= Rate of interest = 5%
= Time = 3 years
2. Calculate the interest:
\text{Interest} = \frac{20000 \times 5 \times 3}{100} = 3000.
Answer:
The interest earned in 3 years is Rs. 3000.
1. Quantitative Aptitude
Q: A sum of ₹10,000 is invested at 10% per annum simple interest. What is the interest after 3 years?
A: Interest = (P × R × T) / 100 = (10,000 × 10 × 3) / 100 = ₹3,000
2. Reasoning Ability
Q: If A is the father of B, but B is not the son of A, what is B’s relation to A?
A: Daughter
3. English Language
Q: Choose the correct sentence:
a) She don’t like coffee.
b) She doesn’t like coffee.
A: b) She doesn’t like coffee.
4. General Awareness (Banking GK)
Q: What does RBI stand for?
A: Reserve Bank of India
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Example Question (Numerical Ability):
Question:
A bank offers a simple interest rate of 6% per annum. If a customer deposits Rs. 25,000 for 4 years, what is the total simple interest earned over that period?
Solution:
1. Identify the formula for Simple Interest (SI):
\text{SI} = \frac{P \times R \times T}{100}
is the principal (Rs. 25,000)
is the rate of interest (6%)
is the time period (4 years)
2. Substitute the values into the formula:
\text{SI} = \frac{25000 \times 6 \times 4}{100}
3. Calculate the interest:
\text{SI} = \frac{25000 \times 24}{100} = \frac{600000}{100} = 6000.
Answer:
The total simple interest earned over 4 years is Rs. 6,000.
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Additional Example (Logical Reasoning):
Question:
In a sequence of numbers representing daily bank transactions, the amounts follow an arithmetic progression: 105, 115, 125, ... What will be the 8th transaction amount?
Solution:
1. Identify the first term and common difference:
First term,
Common difference,
2. Use the formula for the nth term of an arithmetic progression:
a_n = a_1 + (n - 1)d
3. Substitute :
a_8 = 105 + (8 - 1) \times 10 = 105 + 70 = 175.
Answer:
The 8th transaction amount is 175.
posted on 11 Jan 2025
I applied via Newspaper Ad and was interviewed in Dec 2024. There were 5 interview rounds.
I applied via Referral and was interviewed in Jun 2024. There was 1 interview round.
posted on 7 Apr 2024
I applied via Company Website and was interviewed in Mar 2024. There were 2 interview rounds.
Banking products are financial instruments offered by banks to customers, such as savings accounts, credit cards, loans, and investment products.
Savings accounts: A type of account where customers can deposit and withdraw money while earning interest.
Credit cards: A payment card issued by a bank that allows the cardholder to borrow funds for purchases.
Loans: Financial products where a bank lends money to a customer wit...
Demonetization is the act of stripping a currency unit of its status as legal tender.
Demonetization is usually done to curb corruption, black money, and counterfeit currency.
It can lead to temporary economic disruption and inconvenience to the public.
India implemented demonetization in 2016 by invalidating high-denomination currency notes.
The goal was to move towards a cashless economy and reduce the circulation of bla
Banking products are financial instruments offered by banks to customers, such as savings accounts, loans, credit cards, and investment products.
Savings accounts: allow customers to deposit money and earn interest
Loans: provide customers with funds that must be repaid with interest
Credit cards: allow customers to make purchases on credit and pay back later
Investment products: such as mutual funds, stocks, and bonds, he
Assets are resources owned by a company, while liabilities are obligations or debts owed by a company.
Assets are things of value that a company owns, such as cash, inventory, equipment, and property.
Liabilities are obligations that a company owes to others, such as loans, accounts payable, and accrued expenses.
Assets are listed on the left side of the balance sheet, while liabilities are listed on the right side.
The di...
posted on 29 Nov 2024
I applied via LinkedIn and was interviewed in May 2024. There was 1 interview round.
I am a recent graduate with a strong background in finance and a passion for investment banking.
Recent graduate with a degree in finance
Internship experience in investment banking
Strong analytical and financial modeling skills
Passionate about the investment banking industry
I applied via Company Website and was interviewed in Sep 2023. There were 3 interview rounds.
Output and input details
I applied via Company Website and was interviewed in Aug 2023. There were 2 interview rounds.
based on 3 interviews
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based on 8 reviews
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