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April 21, 2018

SBI Chief Manager S-4 Interview

I have appeared for SBI Chief Manager S-4 (Credit Analyst) Interview on 19th Apr 18 at LHO Mumbai (BKC complex)

On Arrival
S-1 or S-2 level officer will check your Certificates/Documents . After their confirmation you will be called in interview.

My interview panel had 5 members (1 GM and 4 DGM)
 and i was asked following questions:-

1) Name of your current head/reporting manager?
2) What are the challenges your clients/customers have faced?
3) What are the items in P&L have direct link to Balance Sheet?
4) How stock holding is measured and what is it called?
5) What are your view on Corporate Loan product of SBI?
6) How are DTL/DTA created? What can be the causes for creation of DTL/DTA?
7) What is willful default?

Rest of the questions were completely resume based and about the companies mentioned in my resume.

Interview lasted for 15-20 min thereafter i was reimbursed the airfare.

April 16, 2018

Rule of 72

What is Rule 72?

In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..

Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take 8 years to double your money if you invest at 9% p.a. rate of interest.


We can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal.

Eg: If you have 250k today and you need 500k in 5 years. Just divide the number 72 by 5, the answer is 14.41%. Thus you need a type of investment avenue, where you earn at least 14.41% p.a. as rate of interest/returns to double your investment amount in 5 years.


This 'Rule 72' helps you to understand about inflation also. It helps you to calculate the amount of time it will take for inflation to make the real value of money half. Let's say present inflation is 5.5%. When you divide 72 by 5.5% the answer is 13.09 years. That is to say, if you have 100k in your kitty today, it would take around 13.09 years for the value of the money to be halved.

March 22, 2018

Buisness of Education

The Business of Education
What is education? Or simply, what is being educated?
Is education holding a degree from a university? Or perhaps, education is an enlightening experience.
The value and perception of education changes from culture to culture and from country to country. Some societies judge a person based on their academic certifications, some on a person’s credit rating. However, some value a person based on what they can deliver. Of course, no one prefers to hire a person without a certification or degree because they are somewhat proof about your knowledge and familiarity with a subject. But a degree/certification does not necessarily mean that you are best in the field or better than those not holding a certification. There are many examples of this such as Einstein, Bill Gates, Steve jobs and list can go on. These people were successful not because of degrees they held but due to the creativity they held.
Unfortunately, the education systems of many countries have been designed to restrict creativity and out of the box thinking. Nearly the whole goal of the conventional education system is to obtain the degree even if it comes at the cost of creativity and research. This kind of education system only produces skilled labour on pre-existing lines rather than inventors. True education would be to encourage research, creating artists, entrepreneurs, athletes, and others.
The question arises that if the education system cannot develop the human mind then why have such an education system at all? Is it really just for a certification and stamp? We will soon explore the answer to that, but first, let’s look at the inception of educational institutes.  

Although initially, the idea of school/colleges was to facilitate the exchange of knowledge between the learned and those who wish to learn. This should have been an ideal scenario, but things changed with time. Like a selfish man’s desire to control every natural resource, controlling human resources was no exception. Rather than focusing on facilitating the exchange of knowledge between Knowers and Learners, a formalised education system was introduced where the flow of knowledge from teachers was regulated based on the fee decided by a third party, in this case, the school/college administrators.

Most educational institutions in the US, India, and China, have a  “profit above all” model. This has led to continuous increases in education costs. However, countries like Germany, Denmark, and France focus on providing their people with a quality education supported by the state. To this point, Canadians and Americans tend to graduate with almost the same amount of debt, approximately $25,000 after 4-years for an undergraduate degree.

Knowers are the ones that define and form the soul of any educational institute. However, they often get less than 15% of your school/college tuition. Most of your schooling fees go to school management. This is just because they hold the licenses to print degrees and give them to you. One needs not discuss the quantum of corruption wherever licenses and government approvals are involved.  Also, if the teachers demand their due pay, they may be replaced by a sub-standard teacher and you do not have much choice to reject or change teachers assigned by your academic institution.

If you want good value for your money and acquire quality knowledge than you need, then connect with the right teacher directly. You can choose your Knower and get the most of their time and attention. They can teach you at the level and pace you need.

The LearnX app helps you connect directly with Knowers to learn what you want. Connect with others and learn together!