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Union Bank of India Interview Questions, Process, and Tips
Top Union Bank of India Interview Questions and Answers
- Q1. How you utilized your accounting expertise to streamline accounts payable procedures in your previous roles ?asked in Senior Bank Manager interview
- Q2. What are different rates in bank like Repo rate, reverse Repo, CRRasked in Assistant Manager interview
- Q3. What do you mean by the nationalization of the Bank?asked in Officer interview
Union Bank of India Interview Experiences
32 interviews found
Anonymous
Selected
I applied via Company Website and was interviewed before May 2023. There were 2 interview rounds.
IBPS examination among 1 Million aspirants
GD on social topics like nihility of modern existence
Interview Preparation Tips
Deputy Branch Manager Interview Questions asked at other Companies
I applied via Company Website and was interviewed in Sep 2021. There were 2 interview rounds.
Quants, reasoning, English, Forex
(3 Questions)
- Q1. Related to graduation
- Q2. Related to forex management
- Q3. Related to current affairs
Interview Preparation Tips
Selected
I applied via Newspaper Ad and was interviewed before May 2022. There were 2 interview rounds.
(5 Questions)
- Q1. What are different rates in bank like Repo rate, reverse Repo, CRR
- Ans.
Repo rate, reverse repo rate, and CRR are different rates used by banks to manage liquidity and control inflation.
Repo rate is the rate at which the central bank lends money to commercial banks, and is used to control inflation by increasing or decreasing the cost of borrowing.
Reverse repo rate is the rate at which the central bank borrows money from commercial banks, and is used to manage liquidity in the banking syst...
- Q2. What is money laundering?
- Ans.
Money laundering is the process of making illegally obtained money appear to be legitimate.
It involves disguising the source of the money through a series of transactions.
The purpose is to make the money usable without raising suspicion.
Examples include buying and selling assets, creating shell companies, and using cash-based businesses.
It is often associated with organized crime and terrorism financing.
Money launderin
- Q3. What do you understand by RBI
- Ans.
RBI stands for Reserve Bank of India, the central banking institution of India.
RBI is responsible for regulating the monetary policy of India.
It issues currency and manages the foreign exchange reserves of the country.
It supervises and regulates the banking sector in India.
RBI also acts as a banker to the government and provides credit to various sectors of the economy.
It was established in 1935 and has its headquarter...
- Q4. Who is current RBI governor?
- Ans.
The current RBI governor is Shaktikanta Das.
Shaktikanta Das was appointed as the 25th Governor of the Reserve Bank of India in December 2018.
Prior to his appointment as Governor, he served as a member of the 15th Finance Commission of India and as the Economic Affairs Secretary to the Government of India.
He has also worked in various capacities at the Ministry of Finance and the Planning Commission of India.
Under his l...
- Q5. What is full form of UPI?
- Ans.
The full form of UPI is Unified Payments Interface.
UPI is a real-time payment system developed by NPCI.
It allows users to transfer money between bank accounts instantly.
UPI is based on the Immediate Payment Service (IMPS) infrastructure.
It can be used for various transactions such as bill payments, online shopping, and more.
Some popular UPI apps include Google Pay, PhonePe, and Paytm.
Interview Preparation Tips
Assistant Manager Interview Questions asked at other Companies
Interview QuestionnaireÂ
2 Questions
- Q1. What is debit and credit?
- Ans.
Debit and credit are terms used in accounting to record financial transactions.
Debit refers to an entry on the left side of an account, while credit refers to an entry on the right side.
Debit is used to record an increase in assets or a decrease in liabilities, while credit is used to record a decrease in assets or an increase in liabilities.
Debit and credit are always equal in value and must balance each other out in ...
- Q2. Which type of loan u can apply what should be the process to apply loan?
- Ans.
There are various types of loans available and the process to apply for a loan depends on the type of loan.
Types of loans include personal loans, home loans, car loans, business loans, etc.
The process to apply for a loan typically involves filling out an application form, providing documentation such as proof of income and credit history, and waiting for approval.
Interest rates and repayment terms vary depending on the...
Interview Preparation Tips
Supervisor Interview Questions asked at other Companies
Union Bank of India interview questions for popular designations
Interview QuestionnaireÂ
1 Question
- Q1. Asked my bio data profile
Manager Interview Questions asked at other Companies
Get interview-ready with Top Union Bank of India Interview Questions
I applied via Walk-in
Interview QuestionnaireÂ
4 Questions
- Q1. Legal documents
- Q2. Home
- Q3. EC
- Q4. Tax
Interview Preparation Tips
I applied via Company Website and was interviewed before Oct 2020. There were 3 interview rounds.
Interview QuestionnaireÂ
5 Questions
- Q1. Why is that in India,black money is not tamed ?
- Ans.
Black money in India is not tamed due to various reasons including corruption, tax evasion, and lack of effective measures.
Corruption: Widespread corruption among government officials and politicians allows black money to thrive.
Tax evasion: High levels of tax evasion by individuals and businesses contribute to the accumulation of black money.
Lack of effective measures: Inadequate enforcement and loopholes in the legal...
- Q2. Is privatization is answer to better customer service delivery?
- Ans.
Privatization can improve customer service delivery, but it is not always the answer.
Privatization can introduce competition, leading to better customer service.
Private companies may have more resources and flexibility to invest in customer service improvements.
However, privatization does not guarantee better customer service as it depends on various factors like regulation and accountability.
Examples of successful pri...
- Q3. Why do you choose a PSB?
- Q4. What is capital cost ?
- Ans.
Capital cost refers to the cost of acquiring or constructing physical assets such as buildings, equipment, and machinery.
It is a one-time cost incurred at the beginning of a project or investment.
It is also known as initial cost or startup cost.
Examples include the cost of purchasing land, building a factory, or buying machinery.
It is different from operating costs, which are ongoing expenses incurred to keep the busin...
- Q5. Why do the govt schemes does not get desired effect
- Ans.
Govt schemes often fail to achieve desired effect due to various reasons.
Lack of proper implementation and monitoring
Corruption and mismanagement of funds
Lack of awareness and education among the target population
Inadequate funding and resources
Political interference and bureaucratic hurdles
Unrealistic goals and targets
Lack of participation and involvement of stakeholders
Inefficient and outdated policies
Inability to ad...
Interview Preparation Tips
Assistant General Manager Interview Questions asked at other Companies
I applied via Approached by Company and was interviewed before Sep 2021. There were 3 interview rounds.
Reasoning, Mathematics,English
(5 Questions)
- Q1. What do you mean by a Bank?
- Ans.
A bank is a financial institution that accepts deposits from the public and provides loans and other financial services.
A bank accepts deposits from individuals, businesses, and other entities.
Banks provide loans to individuals and businesses for various purposes such as buying a house, starting a business, or financing education.
Banks offer a range of financial services including checking and savings accounts, credit ...
- Q2. What do you mean by the nationalization of the Bank?
- Ans.
Nationalization of a bank refers to the process of transferring ownership and control of a bank from private to government.
Nationalization involves the government taking over a bank and making it a state-owned institution.
It typically involves the acquisition of a majority stake in the bank by the government.
Nationalization can be done for various reasons, such as to stabilize the banking sector, promote economic growt...
- Q3. Who nationalized the Banks?
- Ans.
The banks were nationalized by the government.
Banks were nationalized by various governments around the world.
Nationalization of banks refers to the process of transferring private banks into public ownership.
This is often done to ensure stability in the financial system and to promote economic growth.
Examples of countries that nationalized banks include India, France, and Argentina.
- Q4. When were the Banks nationalized?
- Ans.
Banks were nationalized in India in two phases - 1969 and 1980.
The first phase of nationalization took place on July 19, 1969, when 14 banks were nationalized.
The second phase of nationalization took place on April 15, 1980, when 6 more banks were nationalized.
The nationalization was aimed at bringing about social welfare and economic development.
The nationalized banks were given the mandate to provide banking services...
- Q5. What was the purpose of Bank nationalization?
- Ans.
Bank nationalization was done to ensure government control over banks and to promote social welfare.
To prevent concentration of economic power in the hands of a few individuals
To ensure credit flow to priority sectors like agriculture, small-scale industries, and exports
To promote financial inclusion and provide banking services to the unbanked population
To prevent bank failures and protect depositors' interests
Example...
Interview Preparation Tips
- Personality Development
- good aptitude
- curent affairs
- think broad
Officer Interview Questions asked at other Companies
I applied via Company Website and was interviewed before May 2021. There was 1 interview round.
(1 Question)
- Q1. If you are fresher then most questions asked about your subjects of graduation and post graduation. If you already worked for any banking or FI, then questions related to your last job will be asked.
Interview Preparation Tips
Credit Manager Interview Questions asked at other Companies
I applied via Company Website and was interviewed before Aug 2020. There were 3 interview rounds.
Interview QuestionnaireÂ
1 Question
- Q1. Banking affairs
Interview Preparation Tips
Assistant Manager Interview Questions asked at other Companies
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Union Bank of India Interview FAQs
Some of the top questions asked at the Union Bank of India interview -
The duration of Union Bank of India interview process can vary, but typically it takes about less than 2 weeks to complete.
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Union Bank of India Interviews By Designations
- Union Bank of India Credit Manager Interview Questions
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Interview Questions for Popular Designations
Union Bank of India Interview Process
based on 43 interviews
Interview experience
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Union Bank of India Reviews and Ratings
based on 669 reviews
Rating in categories
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Senior Manager
253
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Assistant Manager
182
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Manager
180
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Chief Manager
154
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Branch Manager
99
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