Punjab National Bank Interview Questions, Process, and Tips

Q1. Size of your portfolio
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Q1. Banking growth & Fraud control
Ans. To achive full effort to growth business & fullfill annual target in deposit advance target. Fraud control is vital task in banking sector, all Staff Incumbent Auditor strictly vigilance in this matter.
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Q2. How to handle & checking banking fraud
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Banking fraud can be handled by implementing strong internal controls, conducting regular audits, and staying up-to-date on industry trends.
• Develop and implement strong internal controls to prevent fraud

• Conduct regular audits to detect any fraudulent activity

• Stay up-to-date on industry trends and new fraud schemes

• Train employees on fraud prevention and detection

• Collaborate with law enforcement and regulatory agencies t...read more
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Q3. How to contribute your effort to growth of organisation
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Q1. How to check day to day vigil in any fraud.
Ans. 
Regular monitoring of financial transactions and activities can help detect fraud on a day-to-day basis.
• Conduct surprise audits to check for any irregularities

• Review financial reports and statements regularly

• Monitor employee behavior and look for any signs of suspicious activity

• Implement strong internal controls and segregation of duties

• Encourage employees to report any suspected fraud

• Stay up-to-date with industry tren
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Q2. Routine base daily checking of all previous day txn
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Daily checking of previous day's transactions is a routine task for an internal auditor.
• The auditor should review all transactions from the previous day to ensure accuracy and compliance with policies and procedures.

• This includes reviewing financial transactions, inventory movements, and any other relevant activity.

• The auditor should also investigate any discrepancies or unusual activity and report findings to manageme...read more
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Nabha Patiala

Banking as profession and it's challenge.

Q1. Name, qualification, Banking related terms. Current affairs.
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Q2. What is SLR & CRR ? CURRENT MONETARY POLICY.
Ans. 
SLR and CRR are monetary policy tools used by the central bank to regulate the money supply in the economy.
• SLR stands for Statutory Liquidity Ratio and refers to the percentage of deposits that banks are required to maintain in the form of liquid assets such as cash, gold, or government securities.

• CRR stands for Cash Reserve Ratio and refers to the percentage of deposits that banks are required to keep with the central...read more
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Q3. Why you want to make Banking as career in this turmoil situation.
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Q4. What is recession . How are the remidies?
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Recession is a period of economic decline characterized by a decrease in GDP, employment, and trade. Remedies include fiscal and monetary policies.
• Recession is a cyclical economic phenomenon that occurs when there is a decline in economic activity for two consecutive quarters.

• It is characterized by a decrease in GDP, employment, and trade, and often leads to a rise in unemployment and inflation.

• Remedies for recession i...read more
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