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Indian Overseas Bank Concurrent Auditor Interview Questions and Answers

Updated 23 May 2022

Indian Overseas Bank Concurrent Auditor Interview Experiences

1 interview found

I applied via Company Website and was interviewed in Nov 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. About capability and quan.

Interview Preparation Tips

Interview preparation tips for other job seekers - Being contract work, interview was focussed about capability as interviewee crossed 60 and now 60+. Selected based on past experience and professional qualn. All last about 7 minutes.

Interview questions from similar companies

I was interviewed before Aug 2016.

Interview Questionnaire 

1 Question

  • Q1. Basic questions... Knowledge check... Language check etc

Interview Preparation Tips

Round: Test
Duration: 2 hours
Total Questions: 200

I applied via Company Website and was interviewed before Feb 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Technical 

(1 Question)

  • Q1. General questions according to resume

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be yourself and give honest answers

I applied via Company Website and was interviewed before Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Banking affairs

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident, answer the knowledge you have acquired throughout.

Interview Questionnaire 

1 Question

  • Q1. What is a bank?
  • Ans. 

    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...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be honest with the interview panel, and be in the mindset of long hour works.

I was interviewed before Apr 2020.

Interview Questionnaire 

6 Questions

  • Q1. Tell us about yourself.
  • Q2. Tell us the journey of IDBI from RBI.
  • Ans. 

    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...

  • Answered by AI
  • Q3. What is CASA ratio?
  • Ans. 

    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 ...

  • Answered by AI
  • Q4. What is liquidity ratio?
  • Ans. 

    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

  • Answered by AI
  • Q5. What is the date of demonitization.?
  • Ans. 

    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

  • Answered by AI
  • Q6. Is it beneficial from your point of view?
  • Ans. 

    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...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident , give the answers honestly and listen to the questions carefully.

I applied via Walk-in and was interviewed before Jun 2021. There was 1 interview round.

Round 1 - Technical 

(1 Question)

  • Q1. What is banking sector
  • Ans. 

    Banking sector refers to the industry that deals with financial transactions, such as deposits, loans, and investments.

    • Banks are financial institutions that provide services such as savings accounts, checking accounts, loans, and credit cards.

    • The banking sector also includes investment banks, which help companies raise capital by underwriting and selling securities.

    • Central banks, such as the Federal Reserve in the US, ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Confidence is more important to get opportunity
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all Resume tips
Round 2 - Assignment 

Written test like basic finance and banking question

Round 3 - HR 

(5 Questions)

  • Q1. Self introduction Strength and weakness Bank related question Finance and accounting question
  • Q2. Short term goal and long term goal
  • Q3. Product selling advertisement process
  • Ans. 

    Product selling advertisement process involves creating compelling ads to attract customers and drive sales.

    • Identify target audience and their needs

    • Highlight unique selling points of the product

    • Create engaging and visually appealing ads

    • Use persuasive language to convince customers to make a purchase

    • Include a call to action to prompt immediate response

    • Monitor ad performance and make adjustments as needed

  • Answered by AI
  • Q4. Balance sheet and it's account
  • Q5. Finace question like hedging,primary market ,secondary market, stock , share ,debenture
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed before Oct 2022.

Round 1 - Aptitude Test 

One have to qualify pre of IBPS po exam

Round 2 - Aptitude Test 

2nd round is mains of IBPS po exam

Round 3 - One-on-one 

(1 Question)

  • Q1. About graduation subject, and why banking

Interview Questionnaire 

1 Question

  • Q1. About banking

Interview Preparation Tips

Interview preparation tips for other job seekers - About banking
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Indian Overseas Bank Interview FAQs

How many rounds are there in Indian Overseas Bank Concurrent Auditor interview?
Indian Overseas Bank interview process usually has 1 rounds. The most common rounds in the Indian Overseas Bank interview process are One-on-one Round.

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Indian Overseas Bank Concurrent Auditor Salary
based on 4 salaries
₹1 L/yr - ₹4 L/yr
7% less than the average Concurrent Auditor Salary in India
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