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RBI Grade B interview

By Team IxamBee    October 31st, 2018         

Why are interviews better than exams? Exams are set in stone, in that you cannot change the questions if you do not know the answer. But you can mould the interviews in your direction by being assertive and charming. Some selection processes do not rely on the interview round very much, but as you are aware, the interview round of RBI Grade B carries a maximum of 50 marks while the exam is of 300 marks. This means that the interview has a Weightage of 14.28% in the overall scheme of things and should be given due importance.

Interview tips for RBI Grade B Officer with more focus on “DR (General)” are mentioned below. 

How to Prepare for the RBI Grade B Interview

The interview is an assessment of the overall personality of the candidate. It is important to have knowledge and information about various topics discussed in the interview, but it is far more important to have the correct attitude . Since you have already cleared two phases of written exam therefore it is fair to assume that you have decent knowledge about most of the topics that may be asked in the interview. Hence, this is the time you need to learn the ‘art’ of acing interview by practicing under the guidance and supervision of those who are more experienced.

We suggest you to divide your RBI Grade B Interview preparation into three parts –

1. Know about yourself

This seems very easy and we all feel that “I know everything about myself”, but that ’everything’ makes it difficult. In the interview neither you will have time to say everything nor does the interview board has that much of patience. Therefore, you need to a summary of yourself that you can describe in 2-3 minutes in the interview. Some expected questions on this are:

  • Tell about yourself
  • What are your career goals?
  • Describe yourself in three words.
  • What are your 3 biggest achievements?
  • What are your 3 biggest failures
  • What are your strengths and weaknesses?
  • What are your hobbies? 

Preparation of this part requires thinking about yourself and jotting down important points. Over few weeks you will find out what are the best answers that reflects the best about you. Remember that for most of these questions there is no ‘right’ or ‘wrong’ answers. You shall avoid taking any extreme positions. However, at the same time your replies shall be genuine. You shall not try faking to pose something you are not. Your confidence and the manner of replies are much more important.

2. Know about RBI as an Organisation

In any job interview, you are expected to know about the organisation you are going to work for. Joining at Grade B (Manager) level is middle management in RBI and this is the senior most recruitment for fresher to join RBI. The job at RBI also requires you to adept in managing large teams. Grade B officers get an opportunity to reach up to Deputy Governor level in RBI as out of the four deputy governors, two are appointed from internal promotions in the RBI cadre. Some expected questions you can prepare are:

  • Why do you want to join RBI?
  • In next 5-10 years what kind of career you expect while working with RBI?
  • What is the most difficult function for RBI to manage?
  • What is the difference between ‘supervision’ and ‘regulation’ function of RBI?
  • Why payment and settlement system is under RBI’s regulation? 

In addition to this you shall have and overview of the banking industry. The syllabus covered in the preparation for the Phase 2 exam is enough to understand banking industry, however for the interview your focus shall be in discussion points. 

RBI website ( www.rbi.org.in ) is the best and most authentic source of information about RBI. The website mentions about the organisation structure, departments, and important functions of India’s central bank. You shall read important publications (available on the RBI website) such as Annual Report, Trend & Progress in Banking, speeches of governors, deputy governors and others.

3. Know your Profession

In the previous paragraph, we discussed that first you have to know yourself and second you need to know about RBI. Now we are discussing about making your abilities match RBI’s expectations. Your existing profession may be a student (if you are not in a job) or a working professional. The basic fundamental you need to know is the recruiter is seeking to hire someone who can perform the best. You need to pick-up the points from your studies and experience which may help you in performing your duties at RBI. Some most important questions are:

  • Why you shall be selected as RBI Grade B officer?
  • How can your education help you working for RBI?”
  • You are an engineer, why do you want to work for RBI and make a career with the central bank?”
  • Why do you want to change your present job to work for RBI?”
  • What other jobs are you looking for or what other competitive exams are you preparing for?”

For answering these questions you need to work on your education profile, work experience and career expectations. Learn about the role and responsibilities of RBI Grade B.

Watch https://www.youtube.com/watch?v=l0yfYtf3fdk&t=9s , to know more about Pay, perks promotions and career prospects of RBI Grade B Officer. Prepare your answers to explain how your education and work experience can contribute to the work at RBI.

What kind of technical questions are expected in the RBI Grade B interview?

The job of central bank is very different from any other job. Regulation and policy making require you to continuously learn about the development in market. You shall be interested to learn new things. During the interview you shall be very knowledgeable about the topics of economics, finance banking and other issues of national and international importance. Knowing facts and figures are helpful but while replying the question do not just restate lot of facts and data about the topic rather discuss your views about it. Some tips are:

  • Read newspaper daily and pay special attention to news related to economy, banking, rural-finance, social issues, central banking, risk management and others.
  • Read newspaper editorials (The Hindu, Business Standard, Economic Times, Financial Express, Mint, etc. or others). You may find editorial of last six months useful for the exam. You may easily find these online.
  • Read Publications like Kurukshetra, Yojna, Economic Survey, Economic and Political Weekly, etc.
  • RBI website provides lot of information to answer technical questions

What are the current topics to study for the RBI Grade B interview?

This list can never be complete and the best way to prepare by reading good publication and newspaper. Some indicative topics are:

  • Importance of central banking
  • Development in Indian banking
  • Financial system stability
  • Financial Inclusion and its impact development of the poor
  • Prompt Corrective Action (PCA)
  • Growing Trade War and role of WTO
  • Trade protectionism by large nations and India’s policy
  • NPAs: Bane of Indian Banking System
  • GST and its impact on Indian Economy
  • Why India ranked so low in Human Development Index? What should bedone to improve India’s ranking in Human Development Index?
  • What kind of planet we will leave for Posterity?
  • Increasing frauds in Banking Sector
  • Importance of corporate governance
  • Innovations in retail payments
  • Can renewable energy sources mitigate climate change?
  • Challenges and Success of Clean India Mission
  • Has Demonetisation succeeded in curbing Black money?
  • How to create more employment opportunities in India?
  • How can India leverage demographic dividend?
  • Technology changing the payment landscape?

How to dress for RBI Grade B Interview?

The expression “A tailor makes the man” still holds true today. Put yourself in the shoes of the interview panel and imagine a candidate turning up in formal and graceful clothes versus one who turns up in causal and loose fitting clothes.

Dressing appropriately is very important for the interview. You will get only one chance to make the first impression in front of the interview panel and you do not want to ruin that.

General Dressing Guidelines for male candidates:

  • Formal, light coloured, full sleeves, plain shirt.
  • Dark coloured trousers. Back colour formal shoes and socks matching the colour to trousers.
  • Black colour formal style belt with a decent buckle.
  • Use tie and coat/blazer if you are comfortable with it, dress to impress. Wear a formal tie only.
  • Keep a light coloured, clean handkerchief with you
  • Comb your hair properly
  • If you wearing beard, it shall be properly trimmed to give a formal appearance
  • Do not wear a shirt having checks, floral patterns and linings
  • A big no to jeans or casual pants.
  • Never wear white colour shocks with dark colour trousers.
  • Do not wear brown shoes, casual shoes, sport shoes, trekking shoes for the interview. 

General Dressing Guidelines for female candidates:

  • Indian saree, in plain colours that gives a formal look. The colour and pattern shall be sober and better if it is a cotton saree.
  • Indian Kurta-pajama also known as Indian suit. Keep the colour and pattern simple and sober that is fit for a formal occasion.
  • Formal business suit is also perfectly fine if you are comfortable with that.
  • Among the two, saree may be the better option as you look more mature and gracious (like an officer), but if you are not comfortable in wearing a saree, wear Kurta-salwar or western suit whatever you like.
  • Wear very light jewellery (or no jewellery) matching your dress.
  • Don’t wear very bright and colourful dresses, having flowery patterns.
  • Do not wear dresses having lot of embroidery with shining and metal objects in it.
  • Do not wear heavy jewellery. The lesser the better. Simple bangles and ear-rings may be fine but you may be good without anything, depending on what you personally prefer.
  • Do not wear heavy make-up. The simpler you look, the more sincere you appear for the interview.
  • Do not wear very high-heel sandals, especially those that make sound while walking on a tiled floor.

The fundamental rule about dressing(both for men and women) is that the dress should be comfortable and impressive. You should be able to carry yourself confidently in the dress.

List of the most important interview questions of RBI Grade B officer

  • Why do you want to work with RBI?
  • How will your work experience (educational background) be helpful in working with RBI?
  • What do you know about RBI and how is it different from other central banks?
  • What are the challenges in your present job? (if you are already working)
  • What if the best part of your job? (if you are already working)
  • What are your hobbies and interests?
  • Have you prepared for UPSC (Civil Services), what are your career goals?
  • How should India deal with the problem of growing unemployment when still a large number of people are depending on agriculture sector?
  • What are the major challenges faced by banks in India?
  • What are the important financial institutions?
  • What are the major challenges of financial inclusion in India?
  • Why have you decided to become a RBI Grade B officer?

What if I do not know answer to any question?

Interviewers are not looking for human encyclopaedias to join their team. What an interviewer looks for is a sincere and humble candidate with a growth mindset and keen to learning new skills. If you do not know the answer to a particular question, do not try to bluff your way out of it. Rather, a simple and courteous “Sorry Sir/Madam, I do not know the answer to the question” will suffice. 

Do’s for the interview

  • Reach the venue a minimum of 30 minutes before the time, so that you get time to relax and may get opportunity to acquaint yourself with others. Sometime in the casual conversation you get to know what is happening inside the interview room that makes you more prepared.
  • Listen to the question carefully before you reply.
  • Keep pauses in your replies so that you get time to think
  • Being mature like an officer is important, be confident, calm and composed

Don’ts for the interview

  • Do not bluff if you do not know the answer.
  • Do not be very informal with the board. You should carry a smile and humour but your conduct should be sincere as it’s a formal interview.
  • Do not overstress or over think.
  • Do not feel nervous if you do not know answer to any question. You are not an encyclopaedia and interview is for assessment of your personality. 

Other Important RBI Grade B Interview Questions

I. Personal

A. Background

  • Tell us about yourself.
  • What would you like me to know about you that is not on your resume?
  • What are the three most important events of your life?
  • What was an experience in your life that you would want to go back and change?

B. Self-Description

  • How would your friends describe you?
  • If you have to define yourself in 3 words, what will be those three words?

C.Goals

  • What new goals have you established for yourself recently?
  • What are your five to ten year career goals?
  • What do you know about a career in this industry?
  • What are the attributes of an ideal job for you? Is a job in RBI the ideal one for you?

D. Values

  • What does “success” mean to you?
  • What does “failure” mean to you?
  • Which is more important to you: money or the type of job?
  • Whom do you admire? Why?

II. Management / Leadership Style

  • Define leadership. What type of leadership traits you have?
  • Tell me about a time when you successfully resolved a conflict.
  • Give me an example of a leadership role you have held when not everything went as planned.
  • What two attributes are most important in your job?
  • How do you feel about working overtime?

III. Strengths / Weaknesses and Skills

  • What are your strengths/ weakness?
  • Give me an example of something that you have done that shows initiative.
  • What makes you stand out among your fellow students?
  • Have you ever had any failures? What did you learn from them?
  • How do you feel about working in a structured environment?
  • In what kind of work environment do you do your best work?
  • What kinds of tasks and responsibilities motivate you the most?

IV. Education

  • Why did you decide to do a B.Sc. / B.Com. / B.A. (Whichever is applicable to you)?
  • Which is your favourite subject? Why?
  • What do you feel about your academic performance?
  • What subject did you like the least? Why?

V. Extra Curricular

  • What extra-curricular school activities are you involved in?
  • What have you learned from your activities?
  • What is your favourite book/movie/song/painting or author/actor/singer/artist?
  • Which magazines/newspapers do you read regularly? Which books have you read recently?

VI. Job / Company / Industry

  • What do you know about your company?
  • What do you predict is going to happen in this industry in the next 5 years?
  • Do you know who your competitors are?
  • What interests you most about this position? What parts of the job do you think you would find the least satisfying?

“The strongest factor for success is self-esteem: Believing you can do it, believing you deserve it and believing you'll get it “

All The Best!!!