UNION BANK OF INDIA Interview Experiance :-By Atul Handa

I entered the room and wish all the panel members ( all 3 male members ) and sat on the chair....
Question1 Tell me about yourself..??
My answer This is atul handa..I have done B.tech in ECE with distinction..and told
about my family and hobbies

Question2 Why there is a gap of 2 years...and what are u doing presently...??
My answer Sir, Till may 2011 i have prepared for the PSU exams related to engineering sector...I cleared 3 exams but could not get the final selection.....and in may my uncle told me about the coming number of opportunities in the banking sector..then I switch to banking.

Question3 Why u could not able to get final selection..??
My answer Sir, actually in ECE particularly vacancies are very less in PSU's and number of students applied are very high so competition would be very high..I think this would be the reason...Finally i convinced them.

Question4 What is cross selling..??
My answer Selling our products to the same customer..or selling our products to the
existing customer.

Question5 What is bank rate..??
My answer Bank rate is the rate at which bank borrow money from RBI..and RBI has
changed it after nearly the period of 9 years..and at present it is 9.5% ( Now it is 9% at the time of interview it was 9.5% )

Question6 What is Prime lending rate...??
My answer It is the rate at which bank lend to it's most credit worthy customers.

Question7 What is base rate...??
My answer It is the rate below which bank can't lend to their customers.

Question8 Why RBI has introduced the concept of base rate..??
My answer I think sir to avoid the bad competition between the banks...so that they could not fetch any other bank client by giving the load at low interest...and ultimately it will be a loss to the government... ( But i think i was wrong..RBI introduced the base rate concept to avoid sub prime crisis situation...as happened two years back in the USA...and to avoid recession due to this)

Question9 Is base rate same for all the banks..??
My answer I answered...yes...panel member said here u went wrong... ( The correct answer is ...base rate varies from 10-10.75 % and it is upto the banks to decide the rate....but it should be between 10-10.75% )

These were the questions that had been asked in my interview.....I got 25/50 marks..and got 174+25=199..and missed by 1 mark for final selection.