Indian Overseas Bank Assistant Manager Interview Questions and Answers

A bank is a financial institution that accepts deposits from customers and creates credit by lending money.

• Banks provide a safe place for people to store their money.

• Banks offer various types of accounts such as savings, checking, and money market accounts.

• Banks provide loans to individuals and businesses.

• Banks also offer other financial services such as credit cards, investment services, and insurance products.

• Example...read more

IDBI was established in 1964 as a subsidiary of RBI and later became an independent entity in 2004.

• IDBI was established in 1964 as a subsidiary of RBI to provide credit and other facilities for the development of industries in India.

• In 1976, IDBI was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.

• In 2004, IDBI bec...read more

CASA ratio is the ratio of a bank's current account and savings account deposits to its total deposits.

• CASA stands for Current Account and Savings Account

• It is a measure of a bank's ability to generate stable deposits

• Higher CASA ratio indicates lower cost of funds for the bank

• CASA ratio is an important metric for banks as it affects their profitability

• Example: If a bank has total deposits of $100 and $60 of it is from ...read more

Liquidity ratio is a financial metric that measures a company's ability to pay off its short-term debts.

• It is calculated by dividing current assets by current liabilities.

• A higher liquidity ratio indicates a better ability to meet short-term obligations.

• Common liquidity ratios include the current ratio and the quick ratio.

• For example, if a company has $100,000 in current assets and $50,000 in current liabilities, its l

Demonetization in India started on November 8, 2016.

• Demonetization refers to the act of stripping a currency unit of its status as legal tender.

• On November 8, 2016, the Indian government announced the demonetization of all ₹500 and ₹1,000 banknotes.

• The move was aimed at curbing black money, counterfeit currency, and corruption.

• New ₹500 and ₹2,000 banknotes were introduced in exchange for the old ones.

• The demonetization

Yes, it is beneficial from my point of view.

• It allows for growth and development within the company.

• It provides opportunities for learning and advancement.

• It can lead to increased job satisfaction and motivation.

• It may result in higher pay and benefits.

• For example, when I was promoted to Assistant Manager at my previous job, I was able to take on more responsibilities and learn new skills.

• This ultimately led to a highe...read more