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February 03, 2014

Important for IBPS Clerks Interviews - RBI third quarter monetary policy review 2014

Monday, February 03, 2014 , , , 72 comments

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Attention Friends who are going to attend the IBPS Clerks Interviews Next week : RBI's 3rd Quarter Monetary Policy Review is the only major event in the Banking Sector which was recently happened in the year 2014. So you definitely will get a question from this area in your clerical interview. So focus more on this topic. If you can't understand the content which was posted below, then at least try to remember the current rbi rates with definitions from here. All the Best


The Reserve Bank of India has announced its third quarter monetary policy review on 28th January 2014 (Tuesday). In this review the RBI surprisingly hiked key policy interest rates by 0.25 per cent to tame inflation. According to the experts, this move would make home, automobile and other loans costlier and further dampen industrial growth. This policy clearly communicates that the "price stability" remains the overriding objective of the RBI's monetary policy and the focus has shifted from WPI-based inflation to CPI-based inflation as the nominal anchor of the policy. The Monetary policy review to be undertaken in two months cycle, next monetary policy review of RBI will be on on 1st April 2014. Below are the highlights of RBI's 3rd Quarter Monetary Policy Review for the year 2014.

RBI’s third quarter monetary policy review - Highlights
  • The Repo Rate was increased to 8 per cent from 7.75%.
  • The Cash Reserve Ration (CRR) kept unchanged at 4%
  • The Reverse Repo rate has been adjusted to 7 %
  • The MSF rate increased by 0.25 %
  • CPI inflation remains high
  • GDP growth to be less than 5 per cent in the current fiscal
  • Growth to improve to 5.5 per cent in 2014-15
  • Current Account Deficit to be below 2.5 per cent this fiscal
  • March-end inflation could exceed 8 per cent
  • Rate hike will set economy securely on disinflationary path
  • Growth likely to lose momentum in Q3 of 2013-14.
  • Slowdown in economy getting increasingly worrisome
  • Inflation is a tax that is grossly inequitable, falling hardest on the very poor
  • Fiscal and monetary authorities should continue to work for macroeconomic stabilisation
  • These reviews are according to  Urijit Committee recommendations.    
  • Next monetary policy review will be on April 1st 2014
Sushma Chakravarthi

72 comments:

  1. NarmadaFebruary 3, 2014 at 11:52 PM

    Salute to your efforts Gr8 Team

    ReplyDelete
  2. AnonymousFebruary 4, 2014 at 3:51 AM

    mam plzzzzzzz help by mistake i hv filled my DOB in IBPS Clerk application 13/11/1989 instead of 14/11/1989.will they allow me to give interview.Do I need to submit any affidavit regarding the clarification of my DOB.plzzzzzzzzzzzzzzzzz rply
    Thank uuuuuuuuuuuuuu in advance
    Regards
    Sunidhi Chandauria

    ReplyDelete
    Replies
    1. AnonymousFebruary 4, 2014 at 8:16 AM

      U may be rejected.my friend rejected in po for same mistake.

      Delete
    2. AnonymousFebruary 4, 2014 at 8:31 AM

      make one affidavit notary..idk which stamp..but it will help you surely..ntg else..n next time try to check ur form twice before submitting..my frnd had same problem just like you..he showed notary tht time n they allowed him to give interview..so dont worry..Good luck (: S.Chandauria

      Delete
    3. AnonymousFebruary 4, 2014 at 10:52 AM

      Dear same thing happend to me in po interview.i prepared an affidavit for that,though they allowed me bt documentation k time bohot natak hue the jis wajah se mera interview b kharab ho gaya tha...

      Delete
  3. AnonymousFebruary 4, 2014 at 8:29 AM

    friends plzzzzzzzzzzz share ur pragati krishna and kavery grameena bank interview. it wil help us.

    ReplyDelete
  4. ASHOK KUMARFebruary 4, 2014 at 8:37 AM

    Thank Q..!!

    ReplyDelete
  5. ASHOK KUMARFebruary 4, 2014 at 8:38 AM

    This comment has been removed by the author.

    ReplyDelete
  6. AnonymousFebruary 4, 2014 at 9:16 AM

    any one have catholic syrian bank po interview.please share your expreiences

    ReplyDelete
  7. AnonymousFebruary 4, 2014 at 9:43 AM

    While applying IBPS clerks III I have not mentioned my Surname...Whether it will create any problem for interview?
    Pls any one reply

    ReplyDelete
    Replies
    1. EminentmanagersFebruary 4, 2014 at 1:30 PM

      No issues.... i didn mention my Initial in PO (but in all my certificates my name is printed with Initial). I got an affidavit as a precaution while going for interview. But they didn't bother about the surname (even you can see Middlename and surname are optionals in IBPS applications).

      So, if you wish and want to be pre cautious get an affidavit. No need to worry about it unless any mistake in ur name.

      All the best.

      Delete
    2. AnonymousFebruary 4, 2014 at 2:07 PM

      Thanks for ur Comment..

      Delete
  8. AnonymousFebruary 4, 2014 at 9:57 AM

    IBPS-PO3:
    1. tough paper (compared to earlier papers)
    2. less people passed (vacancy to pass ratio)
    3. more vacancy(approx.22000)
    4. medium level interview (avg. interview toughness)
    5. Portion of candidates absent for interview and good portion rejected due to caste certificates and graduation dates causing ineligibility

    Conclusion: (Self analysis based opinion)
    Total cutoff for all d category after interview will go low and most of the candidates will be selected. Also there might be second list as some candidates may not join due to not desirable bank allotment and far-off posting. So, candidates with okay marks in paper and decent interview will also definitely get selected.

    ReplyDelete
    Replies
    1. AnonymousFebruary 4, 2014 at 10:36 AM

      yes po3 qualifiers nd who got more than 68 in gen had gr8 chance to get selected....

      Delete
    2. AnonymousFebruary 4, 2014 at 1:24 PM

      i got 68 in ibps po.general.my interview is good.is there any chances?

      Delete
    3. AnonymousFebruary 4, 2014 at 7:24 PM

      Is tht true which u said about ibps po3 ?

      Delete
  9. AnonymousFebruary 4, 2014 at 10:56 AM

    when are the PO results going to be declared??

    ReplyDelete
  10. UnknownFebruary 4, 2014 at 11:06 AM

    Dear all

    I am going to appear Clerk interview, but i dont have computer certificate

    ReplyDelete
    Replies
    1. UnknownFebruary 5, 2014 at 10:11 AM

      No problem Tejas as it is not an eligibility criteria

      Delete
  11. AnonymousFebruary 4, 2014 at 11:28 AM

    whteher date of passing degree is wrongly entered na they will b rejected ah?

    ReplyDelete
  12. AnonymousFebruary 4, 2014 at 12:10 PM

    Thnxxx for such useful information

    ReplyDelete
  13. AnonymousFebruary 4, 2014 at 2:04 PM

    friends please share the karnataka vikas bank interview experience

    ReplyDelete
  14. AnonymousFebruary 4, 2014 at 2:22 PM

    mam i am going to attend clerk interview. But i an not having eighth sem marksheet .am having my provisional and consolidated mark sheet ..will they allow me to atnd interview pls reply me ..

    ReplyDelete
    Replies
    1. AnonymousFebruary 4, 2014 at 2:30 PM

      they should.

      Delete
    2. KarthikeyanFebruary 4, 2014 at 3:02 PM

      definitely.... many universities don issue 8th sem individual marksheet instead giving final statement of Marks..... so its not an issue for you.....

      Delete
  15. AnonymousFebruary 4, 2014 at 2:48 PM

    plz reply anyone karnataka vikas grameena bank interview date .and also u r fm which state plz tell me

    ReplyDelete
    Replies
    1. AnonymousFebruary 7, 2014 at 5:25 PM

      Hi I have karnataka grameena vikas bank interview on 15.2.2014,from Andhra Pradesh

      Delete
  16. AnonymousFebruary 4, 2014 at 4:22 PM

    Plz smone reply i am Delhi university 2013 pass out on 20 July bt my clg issued d provisional recently wid date 23 Jan bt only mentioned the month of my exam bt not the date of result declaration ..wld dat b a problem fr me?plz rply ..

    ReplyDelete
  17. AnonymousFebruary 4, 2014 at 4:42 PM

    plz tell me tat i hav entered my percentage in college as 90 but whereas it is 89.7. whether it will create any problem for me?

    ReplyDelete
  18. AnonymousFebruary 4, 2014 at 5:08 PM

    Madam plz try to visible all posts comments....

    ReplyDelete
  19. AnonymousFebruary 4, 2014 at 6:50 PM

    Pls koi meko D.I ki practice k liye buk bata do...

    ReplyDelete
    Replies
    1. AnonymousFebruary 4, 2014 at 7:13 PM

      arihant publication.Practice 90 to 100 questions daily without any break in between.Increase your speed, that matters most.You should do 100 questions in 1 hr .
      Regards
      RMK

      Delete
    2. AnonymousFebruary 5, 2014 at 3:12 PM

      Thanx RMK for replying n suggestion too..I wud start practicing soon..

      Delete
  20. UnknownFebruary 4, 2014 at 7:03 PM

    Hi Team,
    This is Subhash I Have given the IBPS PO 3 Exam and Interview Both and I am listing some rumers that some body has file the Rit on IBPS PO 3 is it true ????? because i find the case in Jharkhand High Court ..... Here is the Link
    http://jhr.nic.in/case_status/pet_wise_output.php?case_no=405000002202014
    Can you clarify it plzzzzz

    ReplyDelete
    Replies
    1. AnonymousFebruary 4, 2014 at 7:31 PM

      No need to worry there are experienced lawyers with IBPS & as the elections are coming no govt. will take a chance of testing the patience of youth. So results will be declared soon. Be patient & wait........,

      Delete
    2. AnonymousFebruary 4, 2014 at 10:50 PM

      tats against Bank of India not against IBPS hope the case may in respect of some other issue

      Delete
  21. AnonymousFebruary 4, 2014 at 10:28 PM

    i have degree provisional certificate and all marksheet but i didnt have original certificate can i attend interview plz help me.........

    ReplyDelete
  22. AnonymousFebruary 5, 2014 at 8:38 AM

    http://ajoykumar.info/file/letter/Request%20to%20help%2020,000%20successful%20candidates%20of%20BIPS%20PO%20-%202%20examination%20%282012-13%29.pdf


    ab ye kya nya naatak h ?

    ReplyDelete
  23. AnonymousFebruary 5, 2014 at 10:17 AM

    hi friends ibps clerk interview me kitna photographs le jana hai .

    ReplyDelete
  24. AnonymousFebruary 5, 2014 at 10:33 AM

    hi friends iam obc ph candidate my percentage of ph is 69 but iam filled in application 40 plesee tell me is it create any problem for me ..........so wat i can do ...........tell me

    ReplyDelete
  25. AnonymousFebruary 5, 2014 at 10:46 AM

    Job Role and Responsibilities of a Clerk

    Interviews starting from Monday, a very important question that can be asked to you is regarding the job that you need to handle once you are selected. Lets see what a clerk does.

    Before starting that, first understand two concepts which are widely used in case of day to day baking. One is that of a Checker and the other is Maker. The person who does a particular task is simply termed as Maker and One who checks it is a Maker. The liability of Checker is more, as his role is to check the correctness regarding any transaction. Generally a clerk performs the role of Maker and Officers are Checker. ( Though in case of loans an Officer is a Maker and Branch Manager is the Checker. Clerk does not have any role in case of loan sanction ).

    Another point is that the branch strength is a big problem every where in the country be it a Urban Branch/Semi Urban Branch or a Rural Branch. Mostly you will see branches of 4+2 in Tier II cities which means there are 4 clerks and 2 Officers working with other sub staffs and Branch Manager.

    Now lets start with the job role and responsibilities.

    A clerk is an entry level employee of Bank. Most of the customer dealing is handled by him.

    The person inside a box dealing with cash (Deposit and Withdrawal Counter) is a clerk. So a cashier is basically a clerk. So opening the day with XYZ amount of cash and then closing the day after accepting money as deposits and withdrawals must tally with the closing balance.

    Verification of cheques, making of demand drafts is done by clerks.

    Opening of Deposit Account and explaining the procedure to customer is done by clerk. Pass Book Maintenance ( Updation through printers ), Issue of Cheque Books is done by clerk.

    Back Office work ranging from ledger maintenance, keying data in computer is also a role of Bank Clerk.

    Going out of Office to Clearing House for clearing cheques is done by Clerks.

    Apart from all these things any other work as per the guidance of seniors.

    ReplyDelete
    Replies
    1. AnonymousFebruary 5, 2014 at 12:47 PM

      thank u its useful.. in 2nd paragraph 3rd line maker word is repeated...

      Delete
  26. AnonymousFebruary 5, 2014 at 10:51 AM

    IBPS CLERK -3 129 MP General Any chance ?

    ReplyDelete
    Replies
    1. AnonymousFebruary 5, 2014 at 2:18 PM

      No chance. if you look at Previous cut off for Madhya Pradesh for general category than you would see that minimum cut off was 65.41 and they follow 80:20 i.e. 80% will be Written marks and 20 for Interview. in this way you obtained 51% out of 80% and if you get around 10 marks in interview than your total will go around 61% which is very less than previous year cut off. Also vacancies is somewhat less than previous for Clerk level in all india level .

      So no chance buddy.

      Delete
    2. AnonymousFebruary 6, 2014 at 10:40 PM

      89 obc TN.. Any chance ?

      Delete
    3. AnonymousFebruary 10, 2014 at 10:48 AM

      pls dont discourage any one...

      Delete
  27. UnknownFebruary 5, 2014 at 11:39 AM

    ibps clerk- 3, marks- 111. gen. jharkhand cutoff for gen- 109.
    any chance??????????????

    ReplyDelete
  28. AnonymousFebruary 5, 2014 at 12:15 PM

    hi all,
    I wrongly entered my degree mark as 63.20 instead of 63.20. please any one tel whether this one affect my interview.
    What i can do now plz any one reply. Have u any one heard about this.
    Reply plz

    ReplyDelete
    Replies
    1. AnonymousFebruary 5, 2014 at 9:39 PM

      noo it wont affect dear they hardly see ur appication form

      Delete
    2. AnonymousFebruary 9, 2014 at 6:09 PM

      Hi friend,
      I have also made the same mistake. Instead of 84.19 % I've entered 84.91%. I was completely disturbed for a week after getting the printout of my application form. I discussed with all my friends regarding this. Later I stopped thinking about that as nothing I can change in it(past is past). I've decided to prepare well for the interview and in case situation arrives I'll confess this mistake in front of interview panel.
      All my friends, those who were already selected and working as bank employees told there is no such check and it is a minor( since I got more than 60 % marks ), however I would preferably confess during interview(depending on the time & situation).
      I suggest you to prepare well for the interview and do well in interview.

      All the best.

      Regards,
      Pandu

      Delete
  29. AnonymousFebruary 5, 2014 at 12:36 PM

    dear mam,
    po 3 result kb ayega any info about status ..............plz rply............

    ReplyDelete
  30. AnonymousFebruary 5, 2014 at 1:34 PM

    friends in ibps interview me kitna photographs le kar jana hai . please reply .

    ReplyDelete
    Replies
    1. AnonymousFebruary 5, 2014 at 5:22 PM

      No photographs
      Just paste one on ur admit card that's it

      Delete
    2. AnonymousFebruary 5, 2014 at 10:12 PM

      3-4 photographs are enough.........all the best for interview.

      Delete
    3. AnonymousFebruary 12, 2014 at 9:46 AM

      3

      Delete
  31. AnonymousFebruary 5, 2014 at 2:50 PM

    i HAVE WORKING EXPERIENCE OF 3 YEARS AND MENTIONED IN MY APPLICATION FOR 2 MONTHS WILL IT CREATE ANY KIND OF PROBLEM FOR ME . AND I HAVE ALSO MENTIONED WRONG PIN CODE OF MY STATE .

    ReplyDelete
  32. UnknownFebruary 5, 2014 at 3:17 PM

    if NOC is necessary for the employees working in the nbfc to attend the clerk interview.please reply

    ReplyDelete
  33. UnknownFebruary 5, 2014 at 3:18 PM

    if NOC is necessary for employees working in nbfc. Please reply

    ReplyDelete
  34. UnknownFebruary 5, 2014 at 6:46 PM

    hai mam , i dnt have consolidate marksheet mam,but i have all sem marksheet and provisional..it will affect my inter view mam?

    ReplyDelete
  35. AnonymousFebruary 5, 2014 at 8:08 PM

    what is the format of obc and physical handicapped certificate it may hindi or English I have hindi format is there any problems arise during interview for clerk

    ReplyDelete
  36. UnknownFebruary 5, 2014 at 11:40 PM

    hi fds i have ibps clerk interview on 10 th feb i have a doubt if they ask me tell me something about the organisation the i have to tell about a particular bank r ibps as we are not interviewed for a particular bank pls rep

    ReplyDelete
  37. AnonymousFebruary 6, 2014 at 12:11 AM

    should we carry computer certificate for interview?

    ReplyDelete
  38. AnonymousFebruary 6, 2014 at 12:14 AM

    please tell me how to speak in english fluently.

    ReplyDelete
  39. AnonymousFebruary 6, 2014 at 12:15 AM

    please tell me how to speak in english fluently.

    ReplyDelete
  40. AnonymousFebruary 6, 2014 at 9:19 PM

    i have entered 6 month experience while applying for ibps.but yet i didnt get the experience certificate..
    can anyone tell me please..what i hv to do now ?
    thanks in advance

    ReplyDelete
  41. AnonymousFebruary 6, 2014 at 9:24 PM

    ibps clk 3 89 TN OBC., any chance ?

    ReplyDelete
  42. AnonymousFebruary 6, 2014 at 10:32 PM

    Ibps clk 3, obc 89 tamilnadu., any chance ?

    ReplyDelete
  43. AnonymousFebruary 7, 2014 at 8:07 AM

    friends mera obc nahi ban paya hai vo abhi process mai hai .kya vai mera interview laigai .

    ReplyDelete
  44. AnonymousFebruary 7, 2014 at 6:03 PM

    do v have 2 take our resume?

    ReplyDelete
  45. ANAMIKAFebruary 13, 2014 at 11:36 AM

    I M NOT ABLE TO SEE THE COMMENTS IN VARIOUS INTERVIEW EXPERIENCE'S POSTS.
    PLS HELP ME OUT MAM......

    ReplyDelete
  46. AnonymousMarch 6, 2014 at 5:46 PM

    plzzzz mam help me .maine application form me address galat fill kr diya kya selection me koi problem aayegi plzzz tell me

    ReplyDelete
  47. AnonymousMarch 6, 2014 at 6:05 PM

    plsss mam help me .application form me address galat fill krne se kya koi problem ayegi selection me plzzzzzzz tell me

    ReplyDelete

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