Why do you want to be in commercial banking?

By helping people acquire money you’re helping them start a new life, or helping them get back on their feet. Banks don’t just store your money, they can also help people plan and save. By being a commercial banker, you help your clients prepare for the future.

Why did you choose banking as your profession interview question?

Banking Sector offers tremendous growth opportunities as candidates reach from Trainee Officer level to a General Manager level. 3. Bank employees have respect in the society since there is direct interaction with the customers and bankers participate in various social schemes beneficial for the society. 4.

What does it mean to work in commercial banking?

A commercial banker, also known as a business or institutional banker, is a business professional who helps clients with their financial needs. Branch manager: Oversees the daily operations of a bank branch, creates financial reports and develops plans for a bank’s financial goals.

What skills do you need for commercial banking?

They must have strong customer service skills, quantitative ability, and organizational skills. They must also have a solid understanding of the banking industry. They lead staff and are responsible for improving and increasing bank performance.

What are the 4 Cs of credit?

Standards may differ from lender to lender, but there are four core components — the four C’s — that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.

What is credit capital?

Capital. For personal-loan applications, capital consists of savings or investment account balances. Lenders view capital as an additional means to repay the debt obligation should income or revenue be interrupted while the loan is still in repayment.

How do you answer this commercial banking interview question?

This is a wide-open commercial banking interview question. There are lots of ways to answer it; the key is to think about the skillset required in commercial banking and tie your response to that. The main two skills required are (1) analytics and (2) sales/relationship management.

Why do interviewers ask ‘why do you want to work in banking?

Working in the financial realm is infamously hard work. The hours are long, the volume of work is large, and the stress and level of responsibility are through the roof. Therefore, when the interviewers ask you the ‘why banking’ type of questions, they, in fact, want to find out if you know what you’re getting yourself into.

What is the meaning of commercial bank?

A commercial bank is a financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit. Question 11. What Is The Meaning Of Non Performing Asset (npa)?

How prepared do you need to be for a bank interview?

In fact, I cannot stress enough just how prepared you need to be. Banks are also famous for only hiring the best people they can find. You need to have attended an Ivy League college and have a degree in the field. You must be sociable, likeable, and very attractive as a person. Therefore, how do you let all of this transpire in an interview?