For instance, aspirants currently called for the final interview of the RBI Grade B exam must be grappling with these emotions. They have worked tirelessly to get this far, and the pressure of the interview—seen as the final hurdle—can be nerve-wracking. The weight of a “do or die” moment intensifies the fear of failure, yet it is also a sign that they are on the brink of a significant achievement. It is this duality of fear and hope that defines the final stretch of any successful endeavor.

Fear of Failure and Final Stage of Success

As you all must know, the RBI Grade B recruitment 2024 commenced at the end of July, with the Phase 1 exam held on September 08, 2024 , followed by the Phase 2 exam held on October 19, 2024. The Phase 2 for the DEPR and DSIM streams will be held on October 26, 2024. We would like to take this opportunity to remind you that the total vacancies announced for the RBI Grade B 2024 are only 94. Hence, the competition is going to be tough among the candidates who are looking forward to this opportunity. 

You must be wondering if we are making you afraid of the huge obstacle in front of you. Not at all, because the RBI Grade B interview dates have not yet been announced. You can expect it to be announced only after the Phase 2 results are also announced. Rather than worry about the final stage, aspirants can start preparing for the interview. That’s why we have come up with a comprehensive guide to the RBI Grade B interview in the form of this blog. So read on and learn everything you need about the RBI Grade B Interview.

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.

Though, the selection process does not fully rely on the interview round very much, as you are aware, the interview round of RBI Grade B 2024 carries a maximum of 75 marks, while the Phase 2 exam is of 300 marks. This means that the interview has a weightage of 20% in the overall scheme of things and should be given due importance.

In this article, we discuss at length RBI Grade B Interview and overall RBI interview experience with tips and guidance for RBI Grade B 2024 Officer.

How to Prepare for the RBI Grade B Interview

An Interview is not something that involves only answering the questions asked. Instead, the interview should be an intellectual conversation between two individuals. You have to be confident, kind and assertive at the same time. The interview is not your test of knowledge but how well you are up with your personal and professional experience. You need to be aware of your surroundings. Ultimately, it is just the evaluation of your confidence and how you carry yourself. Even if you don’t know most of the answers, you should ensure that how you deny and accept that you don’t know the answer instead of blabbering about it and pretending to be something else in front of the interviewers.  

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 the 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 an interview by practicing under the guidance and supervision of those who are more experienced. For that matter, we have the comprehensive RBI Grade B Interview Online Course which has been designed especially for the candidates appearing for the final round of the RBI Grade B recruitment 2024. To know more about this course, you can check out the video below: 

If you want to have an in-depth knowledge about the question having the highest probability to be asked in the interview. Then we suggest you divide your RBI Grade B 2024Interview preparation into the following 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 patience. Therefore, you need to prepare a summary of yourself that you can describe in 2-3 minutes in the interview. Some expected questions on this are:

• Tell us 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 for this part requires thinking about yourself and jotting down important points. Over a few weeks, you will find out what are the best answers that reflect the best about you. Remember that for most of these questions there is no ‘right’ or ‘wrong’ answers. You should avoid taking any extreme positions. However, at the same time, your replies shall be genuine. You should not try faking to pose something you are not. Your confidence and the manner of reply is 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. Grade B (Manager) level means entering into middle management in RBI and this is the senior most recruitment for any fresher. The job at RBI also requires you to be adept at managing large teams. Grade B officers get an opportunity to reach up to the 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 the 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 the ‘supervision’ and ‘regulation’ function of RBI?
• Why payment and settlement system is under RBI’s regulation?

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

The RBI website (www.rbi.org.in) is the best and most authentic source of information about RBI. The website mentions about the organizational structure, departments, and essential functions of India’s central bank. You shall read important publications (available on the RBI website) such as the Annual Report, Trend & Progress in Banking, and 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 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 that 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 should be selected as an 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?”

To answer 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. Prepare your answers to explain how your education and work experience can contribute to the work at RBI.

RBI Grade B Interview Questions

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

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

• Read the newspaper daily and pay special attention to news related to the economy, banking, rural finance, social issues, central banking, risk management and others.
• Read newspaper editorials (The Hindu, Business Standard, Economic Times, Financial Express, Mint or others). You may find editorials of the last six months useful for the exam. You may easily find these online.
• Read Publications like Kurukshetra, Yojana, Economic Survey, Economic and Political Weekly.
• RBI website provides a 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 is, by reading a good publication and newspaper. Some indicative topics are:

• Importance of central banking
• Development in Indian banking
• Financial system stability
• Economic Survey 2023-24
• Union Budget 2024-25 Highlights
• BIMSTEC importance in today’s world
• G20 Summit 2023 and 24 (Highlights)
• B 20 Summit 2023 and 24(Highlights)
• Consumer Price Index
• DHFL being taken to NCLT by RBI: Comment on that
• Financial Inclusion and its impacts
• Increasing frauds in Banking Sector
• Has RBI failed to supervise Cooperative Banks
• Importance of corporate governance
• Impact of the Silicon Valley Bank Crisis on the Indian and World Economy
• Impact of the Russia-Ukraine war on the Banking sector at the Global level 
• Human Development Index (HDI) and India ranking in the world
• Development Financial Institutions Bill (DFIs)
• How to create more employment opportunities in India?
• How can India leverage demographic dividend?
• What can RBI do to help pull up the GDP growth of the country?
• How PSU bank mergers will help the banking system? Will it impact the financial inclusion goal?
• Is the government doing enough to improve the GDP of the country?
  

 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 casual 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 would not want to ruin that.

Dressing Guidelines for Male Candidates:

• Formal, light-coloured, full sleeves, plain shirt.
• Dark coloured trousers. Back coloured formal shoes and socks should match the colour of trousers.
• Black coloured formal style belt with a decent buckle
• Use a 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 have a beard, it should 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 coloured socks with dark coloured trousers.
• Do not wear brown shoes, casual shoes, sports shoes, or trekking shoes for the interview.

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-pyjama also known as Indian suit. Keep the colour and pattern simple and sober that is fit for a formal occasion.
• A formal business suit is also perfectly fine if you are comfortable with that.
• Among the two, a saree may be the better option as you look more mature and gracious (like an officer), but if you are not comfortable wearing a saree, wear a Kurta-salwar or western suit, whatever you like.
• Wear very light jewelry (or no jewelry) matching your dress.
• Don’t wear very bright and colourful dresses, with flowery patterns.
• Do not wear heavy jewelry. The lesser the better. Simple bangles and earrings 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.

General Dressing Instrucions in the Interview

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. What if I do not know the answer to any question? Interviewers are not looking for human encyclopedias to join their team. What an interviewer looks for is a sincere and humble candidate with a growth mindset and keen to learn 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 and Don’t for the RBI Grade B Interview 

Do’s for the interview

• Reach the venue a minimum of 30 minutes before time, so that you get time to relax and may get the opportunity to acquaint yourself with others. Sometimes in a 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 overthink.
• Do not feel nervous if you do not know the answer to any question. You are not an encyclopedia and the RBI Grade B Interview is for the assessment of your personality.
• RBI Grade B Interview Centre.
• Since RBI Grade B is a very challenging job to achieve so it is very important that a candidate do not miss any details about it. As the online written phase is already over and the interview phase is remaining so a candidate must be aware of all the RBI Grade B Interview centre. The RBI Grade B Interview will be held in selected cities and the candidate should select the nearest Interview centre that can be reached within that time frame. 

List of the most important Interview questions of RBI Grade B

• 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 is 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 the 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?

Other Important RBI Grade B Interview Questions

I. Personal Background

• Tell us about yourself
• 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 the banking 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 do 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 can you give your best?
• 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 the bank industry in the next 5 years?
• Do you know who your competitors are?
• What interests you most about this position? What part of the job do you think you would find the least satisfying?

 Conclusion

We wish All The Best to every RBI Grade B Interview candidate. Also, don’t forget to stay updated with the current topics that have the probability of being asked in the interview. Also, don’t forget to check out our online comprehensive course specially curated for the candidates of RBI Grade B interview. Trust us, this is going to help you like the ‘Ace of Spades’, and you will never regret opting for it.

But besides all these things, one should never forget who they are and what they can do. Believe in yourself and can be confident about yourself. Confidence is the biggest asset for anyone. Be confident enough to believe that you are going to ace it, and you are good to go.

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

ixamBee specializes in providing expert guidance and resources for banking exams 2024, ensuring that you are well-prepared for the Upcoming Bank Exams like RBI Grade B, NABARD Grade B, IBPS SO, and more. Our courses align with the bank exam calendar 2024, covering all the essential topics. With a focus on the upcoming bank jobs, our  Previous Year Papers, BeePedia, SSC CGL, SSC CHSL, SSC MTS and other Mock Tests are designed to help you excel in upcoming banking exams.  

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Why Should You Prepare for RBI Grade B, NABARD Grade A and SEBI Grade A together?

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Apart from all the posts, the post of RBI Governor is something that draws attention the most. The post holds ultimate prestige, power and accountability. But most people wonder if there is any specific process to become an RBI Governor, or if the RBI Grade B post can lead you through that position. The assumptions are endless. But if there is a position, there must be a process to be there. In this blog, we are going to uncover the process or eligibility that is required to become an RBI Governor and also throw some light on whether RBI Grade B Officer could become an RBI Governor or not.  

First of all, let us start with knowing about the appointment in an RBI Governor position in general.  

Appointment in an RBI Governor Position: A Brief  

The Central Board of Directors (CBD) oversees the operations of the Reserve Bank. The members of the Board are appointed by the Government of India in accordance with Section 8 of the Reserve Bank of India Act. In addition to official directors, the CBD may have up to fourteen unofficial directors. The government can appoint two cabinet ministers in the CBD. 

The CBD, as the top administrative arm of the RBI, has two sets of directors. The first is the official directors and the second is the unofficial directors. 

The Official Directors are Governors and not more than four Lieutenant Governors are appointed/appointed by the Central Government under the RBI Act. So RBI governors are appointed by the government. 

Tenure of an RBI Governor  

The governor and lieutenant governor hold office for a term not exceeding five years. The Government may fix the term of office of the Governor upon appointment. (Urjit Patel and Raghuram Rajan are appointed for three years; though the governor can have a five-year term). The Governor (also Lieutenant Governors) is eligible for reappointment or extension. Section 8 (4) of the RBI Act defines the tenure of Governor and Deputy Governor. “The governor and deputy governor are eligible for re-election for a term not exceeding five years as may be fixed by the [central government] in appointment.” (Section 8. 4. – Composition of the Central Committee, and tenure of Directors., p. 17, RBI Act, 1934). 

Qualifications Required to Become an RBI Governor  

However, there are no dedicated qualifications specified to become an RBI Governor. But there is a standard for an ideal representative of the RBI Governer must possess. There are 25 Governors that have been appointed till date in the history of RBI. Each of them was from different educational backgrounds. We have a dedicated blog on the List of RBI Governors of India, you can read about them there. Furthermore, there is a common thing in the background of every RBI Governors till now. Every RBI Governor has a solid background in Finance and Economy. They have worked either finance or economic sector with Indian Government like Secretary of Economic Affairs, Financial Secretary, etc. Therefore, the standard to become an RBI Governor is that one must possess a strong educational or professional background in Finance and Economy.  

Apart from that if a Civil servant has any economic experience, then he/she is also eligible to become an RBI Governor.  The present RBI Governor, Dr, Shaktikanta Das holds a Post Graduate Degree in History. But he has a solid professional background in and held major role in the Ministry of Commerce before his tenure as RBI Governor.  In his entire career, he has worked as a Project Director for the Index of Industrial Production (IIP), General Manager at the Ministry of Commerce and Industry, Director in the Ministry of Commerce, Joint Secretary in the Ministry of Civil Supplies, Executive Director in the National Small Savings Fund and as Director at the Institute for Financial Management and Research.  

Out of the 25 Governors of RBI till now, 14 of them were Civil Servants and only 7 of them were economists. So, we can conclude that to become an RBI Governor, you do not necessarily have to be associated with any specific education or profession.  

How to become an RBI Governor from RBI Grade B Officer  

Yes, you can become an RBI Governer after working as an RBI Officer. There is a promotional structure at RBI after the RBI Grade B Officer that leads to the Governor position.  

The promotional structure includes:  

• Get into RBI as a Grade B Officer and work for 7 years. 
• After that get promoted to the RBI Grade C position and again work for 7 years  
• In the same league, one will get promoted to the RBI Grade D, Grade E and then Grade F position and work on every position for at least 5 to 7 years.  
• After that, as per the policies and the performance, the Grade F officer will be promoted to the Deputy Governor position.  
• After that one has to crack an interview organized by the Ministry of Finance for the position of RBI Governor, once you crack it you will get promoted to the position of an RBI Governor. 

But here the twist is, only getting promotions does not completely make you eligible for the post of RBI Governor. While working in RBI, you have to get extra experience to become extra eligible for this post. You have to get experience in working at an international financial institution to make your candidature strengthened. But that can be achieved while being the RBI. Here are two major ways you can achieve that experience: 

• Every year RBI sends some of its employees for International Depletion. RBI shortlists the employees on the basis of their experience and performance. Make sure you grab this opportunity. During the depletion process you will encounter the opportunity to work with some prestigious Financial Institutes such as IMF.  
• Apart from that, RBI has this program of Silver Jubilee Scholarship for the employees to complete their higher studies abroad. By availing this scholarship and applying int he international Universities for Higher education, you can get exposure to the various International Financial Institutions like IMF, World Bank etc.  

Facts about Some Famous RBI Governors  

• M Narasimhan was the first RBI Grade B Officer who was appointed as an RBI Governor. He joined as an RBI Grade B Officer in 1950 and in 1977 he got promoted to the RBI Governor position. After the RBI Governor’s tenure, he worked as India’s Executive Director at IMF.  
• Dr Raghuram Rajan has 4 years of experience as a Chief Economist at IMF before getting appointed as an RBI Governor.  
• Dr Urjit Patel also worked at IMF for 5 years before his tenure at RBI as a Governor.  

Conclusion 

Becoming an RBI Governor requires a strong background in economics and finance, with significant experience in related fields. While there are no formal requirements, a strong performance record is essential. Promotion to an RBI position is the most common route, but additional experience such as working in an international financial institution can enhance eligibility. With dedication, knowledge and the right opportunities, aspiring individuals can aim for these top positions, contributing to the country’s economic prosperity and growth.

Also Read

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RBI plays an important role in the Indian economy thus; it is important for it to maintain that level of productivity. For that matter, it also conducts various recruitment drives every year to hire the best personnel for its multiple departments. The RBI Grade B, RBI DSIM, RBI DEPR, RBI Assistant, RBI Rajbhasha and many more are some of the roles for which RBI hires every year. This happens for the smooth functioning of the organization.   

In this blog, we are going to discuss the multiple departments of RBI and their dedicated functions. This will help you understand how RBI maintains its organizational efficiency. This is also going to be beneficial for your competitive Exam’s point of view. Thus, we recommend you read this blog till the end to get the best out of it.  

Various Departments of RBI  

There are a total of 25 departments of RBI playing various roles to maintain organizational efficiency within RBI.  

Department of Currency Management (DCM) 

This Currency management department is responsible for the long term requisites of the currency like the demand for currency that needs to be printed in a specific financial year, how much currency needs to be circulated in the market, tracking fake currency, disposing of the exploited currency that comes back to RBI and the storage of currency. These are some of the things managed by this department.   

Department of Economy Policy and Research (DEPR) 

The DEPR works around conducting financial research and relevant data collection on the national and international levels. It also issues various financial reports to maintain transparency about the monetary policies of RBI. The research done by this department also helps in making or optimizing the monetary policies of RBI and other financial decisions.  

Department of Rajbhasha  

The RBI Rajbhasha Department is responsible for promoting the use of the Hindi Language in the Bank’s official works based on the provisions given in the Constitution of India and the Official Languages Act, 1963. This department ensures the use of the Hindi language for various official work like, submitting reports, etc. Another function of this department is to translate all the statutory documents of RBI in Hindi Language like Trends reports, Bank’s annual reports etc. 

Department of External Investments and Operations (DEIO) 

The DEIO department acts as a representative of the Government of India while communicating with international associations like IMF, SAARC, Asian Credit Union etc. This department also looks after the maintenance and investment decisions of the Gold Reserve and Foreign Exchange Reserve.  

Department of Enforcement  

Established in April 2017, the Enforcement Department is responsible for fines for banking violations. It ensures the consistent application of institutional rules for the stability of the financial system and the protection of consumers. The segment includes commercial banks, mutual funds and non-bank financial companies. It issues cause-and-effect reports, provides an opportunity to be heard, and adjudicates cases. However, current rulemaking applies only to organizations, not individuals, and does not directly address consumer complaints. Enforcement actions are communicated through press releases and RBI publications. 

Department of Payment and Settlement  

The Dept of Payment and Settlement manages the flow of financial services across the nations. For example, the payment style of Indian citizens has evolved in the last 8 years, thus, to encourage and facilitate the digital payment system, RBI will ensure the issuance of essential financial services to people through secure transaction facilities and fair payment platforms. This department was established in 2005 and in 2007, the Payment and settlement act has been initiated giving this department the authority to look after all the financial services throughout the country.  

Department of Banking Regulations  

The Department of Banking Regulations is the major dept of RBI, it is also called the Muscle power of RBI. This department looks after making baking policies for all types of banking, from commercial banks to nationalized banks, every banking guideline is issued by this department. All the instructions and banking guidelines followed by all the banks of this country are issued by the Dept of Banking and Regulations.  

Department of Supervision 

The Department of Supervision looks after the adherence to banking policies made by the Dept of Banking Regulations. This dept is accountable for inspecting the banks to analyze the adherence of the banking policies. The inspection is done through two ways i.e., Offsite and Onsite. For the offsite inspection, this dept collects some banking data and ensures the policy adhesiveness in the banks. On the other hand, in onsite inspection, a team from this dept visits banks, only Rural Cooperative banks and Housing Finance Companies are exempted from the onsite inspection but the guidelines are controlled by RBI only. At the end of every inspection, this dept makes reports and rates the banks according to that. 

Department of Issuance 

This Dept primarily focuses on the issuance of the currency in the market. It ensures fair monetary transactions in the country assigned to the 14 circles. Among those 14 circles, each branch has its own cash and general department to facilitate the currency issuance process.  

Department of Banking  

This department looks after several banking services for the government and other banks. There are 4 sub divisions of this department, Public Debt Dept, Public Accounts Dept, Securities Dept, and Deposit Account Dept. All the branches of this department are headed by Deputy manager.  

Department of Government and Bank Accounts 

This Department of Government and Bank Accounts majorly focuses in handling and maintaining the accounts of banks in the banking and issuing department. It maintains weekly records of balance and also annual profit and loss accounts of the bank’s accounts. The Department is headed by the Chief Accountant. 

Department of Budgetary Control and Expenditure  

This department is dedicated to monitoring of the budget and other expenditures of various units. The budget for every unit is settled by this department only and other decisions related to any expenditure also come under this department. The expenditure or budget of the unit may include decisions related to the requirements of the unit. This department is headed by the financial controller. 

Department of Exchange Control 

The role of the Department of Exchange Control revolves around stabilizing the Foreign Exchange rate in the market. It maintains the foreign exchange rate and controls the foreign exchange. It takes all the necessary measures required in the monetary policies and other investments to influence the foreign exchange rate in favor of the economy.  

Department of Industrial Credit  

The role of the Department of Industrial Credit revolves around credit required by the industrialists. The task of this department is to give small scale industries access to various credit guarantee schemes. The department administers all the processes of the credit related activities to various industries and also ensures fair credit transactions. They act as a representative of the Government of India. Also works closely with the Industrial Development Banks of India (IFBI) and collects data about the financing of small scale industries to evaluate the relevant problems.  

Department of Agricultural Credit  

The Department of Agricultural Credit plays a major role in establishing a strong root of credit structure in rural financing, and also supplements the financial resources of state cooperative banks to provide financial assistance to state Governments. This department also acts as a creator of Agricultural and rural credit policies for all commercial banks and coordinates the long term credit activities of state land development banks. However, after the formation of NABARD, all the operations related to the Agricultural credits shifted there. Now the role of this department is to look after the supervision of urban cooperative banks.  

Department of Rural Planning and Credit  

This department is one of the oldest departments of RBI established in 1982. It is formed to manage the RBI’s policy on rural development. The Department of Rural Planning and Credit is Responsible for the district credit plans, lead bank scheme, provision of expert guidance and sanctioning general guidelines for short term advances to NABARD.  

Department of Non Banking Companies  

The Department of Non Banking Companies looks after the supervision and policy regulation of Non-Financial Banking companies like Insurance companies, Pension funds, Investment banks etc.  

Department of Credit Planning Cell  

The Department of Credit Planning and Banking Development Cell was set up with the objective of monitoring credit policies through a critical approach. This department is also responsible to work for the improvement and betterment of commercial banking. It also plays a major role in the planning of the monetary budget on a macro level.  

Department of Statistical Analysis and Computer Services 

The role of the Department of Statistical Analysis and Computer Services revolves around collecting data regarding the banking industry from several resources for operational purposes. It collects, generates, process and compiles statistical data through research and other ways and use it for curating and optimizing relevant policies for organizational benefits.  

Department of Legal and Inspection  

The Legal department of RBI, as the name suggest looks after the inspection of various RBI departments and offices. It also analyses the legal actions required for the issues addressed by the RBI itself. 

Department of Administration and Personnel  

The Department of Administration and Personnel works for the employees of RBI. This department looks after all the events related to training, placement promotion, transfer, discipline, grievances, service conditions, wage structure etc. In order words, we can also say that this is the Human Resource department of RBI.  

Department of Premises 

The Department of Premises looks after fulfilling the infrastructural requirements of bank offices, staff quarters, training institutes and other associated buildings. All the decisions regarding the office premises, new branch office establishment, and all the approval and proceedings get initiated from this department only.  

Department of Management Services  

It is basically concerned with organisational analysis, systems research and development, work procedure studies and codification, manpower planning, costing studies, etc. 

Department of Secretary  

The Department of Secretary plays a major role in creating a bridge of effective communication within the RBI. It looks after all the secretarial work related to the meetings of Central Board and the committee. This department also administers the Provident Fund and Cooperative Guarantee Fund of RBI Employees  

Central Vigilance Cell 

Headed by the Chief Vigilance Officer (CVO), this department primarily focuses in the restriction of corruption in the banks by its employees. It takes necessary preventive measures for anti-corruption and also investigates the complaints and allegations that has a probability of vigilance. This department also implements instructions set by the Central Vigilance Commission. Furthermore, people can inform this department about potential case of corruption in RBI.  

Right to Information Division  

This department ensures the accountability of transparency of RBI towards the citizens of India. According to the RTI Act, 2005, it has to give information to the public. As per the Central Information Commission, RBI is obliged to respond to any asked information within 30 days of receiving it. Furthermore, if the applicant is not satisfied with the information provided by the Reserve Bank or if the RBI refuses to give the information an applicant can appeal under the Right to Information Act, 2005. 

Department of Risk Monitoring (RMD) 

The Department of Risk Monitoring is dedicated to managing enterprise wide risk. It also oversees the various types of risk in RBI like Financial, IT and Cyber risks. The RMD is accountable for creating a risk monitoring framework like reviewing policies, reporting risks, assessing economic capital, recording loss events etc. This department ensures the identification of upcoming or potential risk in the organization and also promotes ways to avoid them. The department also works to create awareness about cybersecurity and report it to the top management.  

International Department  

The International Department of RBI looks after international financial matters diplomacy. It cooperates with the top management in international forums like BRICS, SAARC etc. The major function of this department involves facilitating international relationships and technical cooperation with central banks of other countries. It also states the take of RBI on Global Issues. The dept also conducts research on International economic matters that require coordination of Indian ministries and internal banking departments.  

Department of Information Technology  

The IT department is critical to RBI’s operations, with a focus on digital processes for efficiency and transparency. It aims to digitize information, improve services and meet legal obligations. The plan includes modernizing the architecture, adopting new technologies, ensuring efficiency and strengthening governance standards. It functions under the Information Technology Sub-Committee and looks after important payment systems like NEFT and RTGS, policy formulation, internal application maintenance and information security along with RBI subsidiaries, IFTAS and RABITS. 

Department of Communication 

The origins of the Department of Communications can be traced back to the Book and Magazine Relations Department of the then Ministry of Finance in the 1960s. Recognizing the wide range of activities of the Reserve Bank and its agencies and the need for good reporting and public relations, the Office of the Press Relations Officer was converted into a full-fledged Press Relations Department in March 2007. The present communication channels used by this dept for dissemination of information are: 

• Press releases, press summaries of reports and publications, speeches of Governor/Deputy Governors and rejoinders; 
• Press conferences, economic editors’ conferences and media briefings; 
• Meetings/interviews of press persons with the Reserve Bank officials; 
• Emails; 
• Learning sessions for media 
• Brochures/pamphlets; 
• Website; 
• Advertisements; 
• Periodicals. 

Conclusion 

If you have read this blog till here, then you must have got an idea about the enormity of RBI and its department. As said earlier, RBI, being the major pillar of the economy, cannot leave any scope of malfunctioning or inefficiency. Thus, these departments make RBI what it is. The smooth functioning, organized management and operational structure is possible only through the cooperation of all these departments. If you are an aspirant, then this blog is going to help you a lot in the general awareness section of many exams and especially RBI. We always come up with such blogs to give you an in-depth knowledge about everything that surrounds you. At ixamBee, knowledge never ends. Stay tuned for more insightful information about various national and international topics.  

Also Read

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In this blog, we will be discussing some important last-minute tips that will help you during the RBI Assistant 2023 exam. Here when we say ‘preparation tips’, this is not going to how should prepare for a specific section. Last-minute preparation tips mean how to get the most from the minimum time. What should you do and what should be avoided, and how you can get rid of the pre-exam anxiety. We have discussed it all in this blog.

RBI Assistant Prelims Exam Pattern:

Before looking at those points, let us have a quick look at the exam pattern, which is quite straightforward.

Give each section equal importance, as each section will contribute in boosting the score. As we can see above, there are three sections; each section will have a sectional time of 20 minutes. You will have to attempt a maximum number of questions within these.

Do not take New Topics:

With a few days left for the exam, the time that is left is not for learning new topics but for revising and getting the command over the covered ones. Rather than reading new topics, it is advised to give mocks as much as you can. Try to attempt RBI Assistant Mock tests on a daily basis and analyze your performance after that. While revising, you may counter some topics that you will think are essential to cover but do not let this feeling overwhelm you and remain focussed on the revision part.

Revision is the Key:

We are assuming that the entire syllabus must have been completed by now and all that is left is revision. Revision is essential because there is no point in reading or learning anything until and unless you have revised it at least three times. Focus on revision to get a command over your strong points. Make a short note for important formulas of Quantitative Aptitude or some short tricks for Reasoning or English. This will also help you to revise on the day of the exam.

Focus on Accuracy:

The examination has a negative marking of 0.25 marks which means for every wrong answer, 0.25 marks will be deducted. Keeping this in mind, try to answer only those for which you are very sure about otherwise, it is better to skip the question. Marking wrong answers will not only waste your precious time but also decrease your score by deducting marks from correctly answered ones. Do not mark just for the sake of increasing your number of attempted questions.

Make a Strategy for Attempting the Paper:

While attempting mock tests, make a strategy on how you are going to attempt the entire paper. While everyone makes their own strategy, it is advised to attempt your strong section/questions first and then gradually try to solve the rest of the sections/questions. This will boost your confidence and will help in increasing your score. Don’t spend too much time on one question. Try to implicate your tested strategy in the real examination, do not change it at the last minute. Believe in yourself, and do not lose your patience while giving the exam.  

Expect the Unexpected

Keep yourself open to the possibility that RBI may throw some surprises your way. However, you must be confident in your preparation and strategy and tackle the questions with the best approach.

Focus on your Health & Well-being

An active and fresh mind is the key to attempting more number of questions on the day of the exam. Usually, in the midst of exam preparation, many candidates often forget to take care of their health and well-being. Therefore, we urge you not to study too much on the days leading up to the RBI Assistant 2023 exam. Moreover, a minimum of eight hours of sleep is a must. An unclear and tired mind can have a bad effect on your RBI Assistant 2023 exam preparation.

Keep your Documents Ready:

You must have prepared religiously for the exam, so make sure to take all the documents required, so that you dont miss the chance to appear in the examination. Keep all your documents ready the night before the examination. Write it somewhere so that you don’t miss out on anything important. For your assistance, the following is the list of documents that are required at the examination hall.

1. Admit card (call letter of RBI Assistant Prelims exam)
2. Valid ID Proof
3. Photocopy of Valid ID Proof
4. 1 passport size photograph (preferably same as uploaded in the call latter)
5. Mask (WEARING A MASK is COMPULSORY) 
6. Gloves 
7. Personal transparent water bottle
8. Personal hand sanitizer (50 ml)
9. A ball point pen
10. You must have the Aarogya Setu App installed on your mobile phone.  
11. Maintain social distancing at all times and follow all other COVID-19 safety protocols. 

Conclusion

In the final countdown to the RBI Assistant 2023 Prelims, focus on refining rather than acquiring new knowledge. Embrace the power of revision to reinforce your preparation, ensuring a solid grasp of covered topics. Prioritize accuracy over quantity, as the exam includes negative markings. Develop a strategic approach, tackling your strong sections first to boost confidence. Stay adaptable to unexpected challenges and prioritize your well-being for a fresh, active mind. Keep essential documents ready, and maintain calm. Remember, your unique preparation is your strength. Best wishes for the exam – stay confident and give it your best shot!

At the end, be calm and give your best. Don’t let others preparation strategy affect your performance. We wish you all the best for the exam.

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So, this blog is going to be about the RBI Grade B Phase 2 2023 exam analysis. In this analysis, we will provide details on the difficulty level of the exam, descriptive and objective questions asked in the economic and social issues, finance management and other sections. We will also discuss the expected cut-off and the presence of any new pattern questions, if any. Also, let us remind you that this analysis is done by our subject matter experts at ixamBee. So without any delay, let’s head to the exam analysis. 

RBI Grade B 2023 Phase-2 Exam Analysis (held on July 30, 2023): Difficulty Level 

If we talk about the whole level of difficulty of the RBI Grade Phase 2 Exam, then we can say it is easy to moderate. The paper demanded a strong command over the concept clarification and the smart way of descriptive writing as students are required to write almost 600 words in one question for 15 marks. 

Here is the section-wise difficulty level analysis of the RBI Grade B Phase 2 exam 2023:

Now, let’s look at the subject-wise analysis of the RBI Grade B Phase 2 exam 2023. 

RBI Grade B Phase 2 2023: Subject-wise Exam Analysis

RBI Grade B Phase 2 Exam Analysis: Economic and Social Issues 

The objective questions asked in the ESI, RBI Grade B Phase 2 Exam 2023 are as follows:

 The level of questions in the Economic and Social issues section is moderate. Your whole performance depends upon your writing style in the answer to the descriptive question. The descriptive part was of moderate level, and the objective section was of moderate to difficult level. 

Following are the topics from which questions are asked in the ESI objective questions:

Schemes-

SWADHAR GREH Schemes

PM JAY Schemes-Case Study

Mission Life-Paragraph Based

PM PVTG Development Mission

Reports-

World Economic Outlook Report-Identify The Report

World Trade Organization-

When Formed

Director General

Latest Round/Doha

Sovereign Gold Bond

Sukanya Samridhi Yojana

Following are the topics from which questions are asked in the ESI descriptive questions:

10 Marks Questions (Any 2 to be attempted)

Monetary Policy and its Indirect and Direct Tools

Explain Schemes for Poverty Alleviation and Employment Generation

Challenges Faced By Startups in Tier 2 and Tier 3 Cities

15 Marks Questions

World Migration Report- How migration can bring prosperity together for the world and suggest recommendations from the report?

Current and Finance Report By RBI

3 Events which led to global cooperation

UNDP Report

RBI Grade B Phase 2 Exam Analysis: English (Writing Skills)

The level of the English writing section of RBI Grade B Phase 2 is Moderate. Below are the topics covered under the descriptive English section of the RBI Grade Phase 2 Exam. 

Social Media-Advantages and Disadvantages

Climatic Change 

RBI Grade B Phase 2 Exam Analysis: General Finance & Management

In the examination, the section comprised a total of 30 Objective Questions and 4 Descriptive questions. The level of difficulty for this section was categorised as Easy to Moderate. For better understanding, the questions were distributed across different topics as follows: 

RBI Grade B Phase 2 Exam: Expected Cut Off

While talking to our experts about the expected cut-off of the Phase 2 Exam, the level of difficulty of the RBI Grade B Phase 2 exam is easy to moderate. The easy level of the exam leads to a higher cut-off. Hence as per the overall difficulty level of the exam, the expected cut-off of RBI Grade B Phase 2 could be at least 65-70 or at most 80-85. However, it is still not only a guessing game but also a number and accuracy game. So it is better if we wait for the final cut-off to get announced by RBI.

Watch our expert video till the end to get complete coverage of the RBI Grade B Phase 2 Exam and the expected cut-off.

Furthermore, for now, let’s focus on preparing for the final round of RBI Grade B officer recruitment i.e. Interview.

Become an RBI Grade B Officer with ixamBee 

Upon successfully qualifying for the RBI Grade B Phase 2 Exam, the final and most crucial stage of the RBI Grade B officer recruitment process awaits – the interview. Many students often find face-to-face interviews challenging, but the key to excelling in the interview is confidence. If you think you have enough time on your hands to prepare for the interview, then think again, as the RBI Grade B Phase 2 result will be announced within 10 to 15 days, and shortly after that, you’ll be called for the final interview round. So, be prepared and stay with us.

At ixamBee, our experts are here to help you with the best interview cracking techniques. You can still join our online comprehensive course for the RBI Grade B Exam, which includes specialised interview classes. Our faculty consists of former RBI AGMs and Managers, ensuring top-notch guidance. Are you ready to seize the opportunity to become the next RBI Grade B officer? Yes, the game is on! Let’s play along and make it happen together.

To help you prepare 50% faster for competitive exams, ixamBee provides free Mock Test Series and all the Current Affairs in English and Current Affairs in Hindi in the BeePedia capsules for GA Preparation. You can also get the latest updates for Bank PO, Bank Clerk, SSC, RBI Grade B, NABARD, and Other Government Jobs.

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