IIM K interview transcript

IIM K interview transcript Location - Vivanta, Dwarka Forenoon slot 2 panel members, one was from Human behaviour background and the other one was an economics professor P1- Economics P2- Human Behaviour P1: How are you? Me : I am doing amazing sir. P1: Tell us in brief about yourself. Me: I am born and brought up in Delhi. Currently, I am working at XXX Public Sector Bank where I am posted as an assistant branch head of a rural branch. I handle the responsibility of an operations in charge and loans officer. I look after handling and onboarding new customers, CTS etc. I also look after the loan portfolio of out branch which is 20.4 Cr out of which 19.8 CR belongs to the agriculture field only. **P1 cuts me in-between** P1: As a banker, which ratio among PE and PB would you choose to analyse a bank? Me: Sir, as per the knowledge I have I am not aware of the PB ratio in-depth. So I will use different ratios like NIM, CAR, NPA etc *P1 cuts me off* P1: Don’t go into accounting ratios, tell me PE or PB? Me: Sir, I don’t have knowledge about PB so I will go with PE to check whether the bank is undervalued or overvalued or fairly valued. P1: Tell me why yields are not decreasing ? Me: Sir, the concept is that when the market crashes, people put their money in bonds and hence their price increase and the yield decrease. P1: Yes but why aren’t they decreasing? Think for 2 mins before speaking Me: That could be because as people want certainty and they are investing in more discounted things like Real Estate, gold or crude oil. That’s why the prices are not rising and hence the yields are not decreasing. P1: Tell me why you left a Big 3 firm for a PSU bank. No one would do that. Me: Having seen the corporate side, I wanted to explore the govt side as well especially given my parents push for it *P1 cuts me off* P1: So because of your parents you did this. Me: no sir, that was the primary reason. The secondary reason was that I wanted to make an informed decision regarding whether I want to work with private or govt, so I switched to govt after working with a big 3 firm. P1: Doesn’t seem like a valid answer to me. Tell me about the difference between Monetary policy and fiscal policy. Me: Told P1: What other calls do you have? Me: Apart from IIM K, I have calls from CAP IIMs and IIFT. P1: That’s all? Me: Yes sir. *over to the next panelist* P2: What are your hobbies? Me: I enjoy reading books be it fiction or non-fiction. I like to indulge in physical activities and play all kind of sports irrespective of my expertise in it, driven by my desire and curiosity to learn new things. P2: You have 93% in 10th, 92 in 12th but why did your marks dropped to 77% in college? Me: My college was far from my home. It took me 4 hours to and fro. So most of my time went travelling. I didn’t have the option to have a hostel as my father was posted outside Delhi and I had to stay with my mother. Secondly, from second year onwards I started preparing for non tech placements like Bain and I diverted my focus to case studies and guesstimates, that’s why marks got low. P2: Being from an HR background, I am not convinced why you switched from a big 3 to a PSU. Seems like you are a rollover and that you planned it up as the IBPS PO process takes 6 months so you must have planned way before. Me: The primary reason was the push from my parents. As they wanted more security and stability for my job, after COVID my father laid off employees and many of my relatives were laid off so they wanted me to be in a secure setting. Secondly, I gave IBPS PO a week before CAT to test my preparation level and when I cleared all the levels I discussed with family, teachers and then I chose to join PSU bank P2: I will give you a statement, comprehend it. “A bucket full of money, chasing a few handholds” Me: It means that the 95% of the wealth is concentrated with 5% of the people *P2 cuts me off* P2: Take 2 mins before speaking Me: Let’s say the wealth of India is 100 then 95 of it *P2 cuts me off again* P2: Tell me what Economic Bullying is? Me: I am hearing this term for the first time, I believe this defines what the US is doing to other countries because of it’s economic strength *P2 cuts me off* P2: Think for 2 mins before speaking Me: *after thinking for 20-30 second* I can only think of what the US is doing to other countries like Africa based on their dollar and economic strength P2: Tell me about the recent Delhi elections Me: In the recent elections, Shri Arvind Kejriwal was ousted and Shri Rekha Gupta became the CM of Delhi. The reasons were corruption, liquor policy scam and that the central govt was of BJP which could have led to the differences. Also, the cleanliness of Yamuna river is an issue, as I live in Ahmedabad I have seen how the Sabarmati river front attracts tourists, provide jobs and boosts economy whereas the Yamuna river is not 1% close to it. Secondly, the mohalla clinic was an interesting concept at the starting but it failed after 2 years and the space was being used by beggars for illicit activities. Even I voted for AAP in recent elections P2 cuts me off P2: you are not supposed to share your political opinion here. That’s all from our side. Thank you, have a good day!