Disclaimer: The following questions have been prepared based on memory-recalled Patterns from the last 2–3 years to give staff a glimpse of previous year’s question trends.
An effort has been made to provide answers in line with the Bank’s prevailing guidelines.
In case of any discrepancy or mismatch, the Bank’s official circulars and Instructions shall prevail.
1. As per Procurement Policy of our Bank, In the case of procurement of Automobiles only, the ceiling of direct purchase from Government e- Market Place (GeM Portal) will be Rs. _. Rs. 30.00 Lakh
2. Maximum Factoring Limit through TReDS for Existing BBB (including BBB-) Rated Corporate Borrowers will be___ % of annual turnover of latest audited financials or % of exposure with our bank or Rs. whichever is lower. 5%,15%, 10.00 Crore
3. WAIVER of appointing ASM – The decision in majority may be defined as any decision agreed by lenders representing 75 per cent by value of total outstanding credit facilities (fund based as well non-fund based) and 60 per cent of lenders by number shall be binding upon all the lenders.
4. The aggregate exposure at any given point of time under transfer of loan exposures for each transferor shall not be more than ___% of their standard assets as per their last audited financials or , whichever is lower. 20%, 8000.00 Crore
5. In case of RAM / Hybrid RAM / PLP, more than one concurrent auditor may be appointed if the number of sanctions is above during the last FY. – 1000 accounts
6. Concurrent Auditor to check all transactions entered / posted by the branch staff, irrespective of the amount. However, testing in respect of system driven transactions is to be done on sample basis i.e. at least of the total system driven transactions upto 10%, 20%
7. No concurrent auditor, whether internal or external, shall be allowed to continue with a branch/business unit for a period of More than 3 years.
8. As per RBI guidelines, the age limit for retired staff engaged as concurrent auditors may be capped at 75 years, however, the age limit for retired staff engaged as concurrent auditors is capped at 65 years in our Bank.
9. The CA Firm must ensure that the Branch assigned to it must be attended by its authorised person as an auditor on behalf of the Firm daily & timely without any excuse or exception whatsoever. One of the partners (CA) of the CA Firm must also visit the branch at least and have discussions with the Branch Manager on audit related issues –-Once a week
10. Remuneration to the External Auditors if branch business is 85.00 Crore- ₹30,000/- + GST
Explanation: 500 Cr & Above: Rs. 55,000/- + GST, if applicable – 200 Cr & below 500 Cr: Rs. 45,000/- + GST, if applicable – 100 Cr & below 200 Cr: Rs. 35,000/- + GST, if applicable – Below 100 Cr: Rs. 30,000/- + GST, if applicable
11. Retired Officers and Chartered Accountant Firms are being empanelled for concurrent audit. For empanelment, Concerned Retired Staff of our own bank must have retired honorably from our bank, in Scale Scale III to VI
12. The total amount of loan assistance under PM Vishwakarma Scheme wherein, the beneficiaries can avail the first loan tranche upto Rs 1.00 Lac for 18 months
13. The beneficiary should be engaged in the trades concerned on the date of registration and should not have availed loans under similar credit-based schemes of Central Government or State Government for self-employment/business development, e.g. PMEGP, PM SVANidhi, Mudra, in the past 5 years. However, the beneficiaries of MUDRA and SVANidhi who have repaid their loan, will be eligible under PM Vishwakarma. This period of 5 years will be calculated from the _ The 5-year period is calculated from the date of sanction of the previous loan.
14. Vishwakarma Loan TAT: Banks must make a credit decision (sanction/ rejection) within 14 working days of receiving a PM Vishwakarma loan application.
15. PNB Rakshak Select Limit – 50000/- to 10 lakhs
16. Minimum Income – VISA Signature- ₹ 7,50,000/-
17. MY Property Scheme Income Criteria for other than salaried: Minimum net annual income of Rs.3,00,000/- per year (for last 3 years)
18. Under Co Lending Arrangement which of the loan is exempted – Loan against Bank’ deposit
19. In case of UPI based ASBA Application, the applicant will be eligible up to the threshold limit of . 5.00 Lac
20. One Question on Global deposit of Bank as on 31.03.2024 – As of March 31, 2024, Punjab National Bank’s (PNB) global deposits were approximately ₹13,69,713 Crore (or ₹13.70 Trillion).
21. In order to ensure completeness and correctness of loss data and also to inculcate risk culture deep down the ladder in the Bank, a committee named as shall be formed at Circle level to identify and evaluate the internal and external factors that could adversely affect the achievement of Bank’s performance, corporate goals, information system, and compliance objective in the HO guideline- Checks on Threats to Reduce Op-risk Losses (CONTROL)
22. Bank may utilize the services of an Internal Auditor or an External Auditor (empanelled CA Firms/ empanelled Retired Officials) for concurrent audit of an identified branch / office solely at its own discretion. However, in case of following branches, only Internal Auditors will be assigned for Concurrent Audit: Branches with business above 2500cr as per last financial year.
Explanation:
The branches where only Internal Auditors are assigned for Concurrent Audit include:
- MCC*/ RAM/ Hybrid RAM/ PLP/ LCB/ ELCB/ CBB/ CIRCLE SASTRA/ ZONAL SASTRA/ TFC/ ISB/ PNB GIFT City
- Branches with business above 2500cr as per last financial year
- Back offices and HO Divisions
- Any other branches or departments where, in the opinion of the bank, concurrent audit by an internal auditor is desirable.
23. As per RBI guidelines, the scope of work to be entrusted to concurrent auditors, coverage of business/branches, etc., is left to the discretion of the head of internal audit of banks, with the due prior approval of the Audit Committee of the Board of Directors (ACB) of the bank. (The earlier stipulation of coverage of minimum 50% of deposits and of advances has been removed).
24. The Internal Risk Ratings for loans above ₹ 50 crore shall be initiated at ZRMC and approved at: IRMD HO.
25. In case of Lending under Consortium / Multiple Banking Arrangements, The fee payable for issuance of Due diligence report may be charged @ 0.005 percent of the limit (i.e. Rs.500/- per Rs. 1 crore) with a maximum ceiling of Rs. . Rs.50000/-
26. Whistle Blower can make a disclosure against any employee of the bank upto level of – CGM
27. Competent authority shall not take notice of the disclosure to the extent that the disclosure seeks to reopen such issue- if the protected disclosure is made after the expiry of from the date on which the action complained against is alleged to have taken place 7 years
28. All reports received in writing or documented along with the result of investigation relating thereto, shall be retained by the bank for period of from the date of disclosure 7 years
29. The competent authority shall make discreet inquiry within maximum period of to ascertain whether there is any basis for proceeding further to investigate the disclosure 45 days
30. The minimum length of password for Internet banking is alphanumeric characters, and it is mandatory to use one or more special characters in the password. 6 digits
31. password for Internet banking is alphanumeric characters and not including ROMAN NUMERALS
32. Password should be tough to remember
33. Password should be told to NO ONE
34. Quick Transfer facility in Retail IBS allows intra-bank and inter bank (IMPS) fund transfers upto ₹_____ (without beneficiary addition) with a limit of 3 transactions per day. ₹ 10,000
35. Under National Common Mobility Card (PNB RuPay NCMC Debit) in respect of Offline Wallet usage, Balance that can be held in wallet account at any given point of time will be Rs. . 2000.00
36. Validity period of Credit Card shall be upto 7 years.
37. Applicant should be literate enough to read and write in order to be eligible for PNB Credit Cards (All variants).
38. At the request of primary cardholder, maximum two add-on cards can be issued only to spouse, mother, father, major son and major daughter (unmarried) of the primary cardholder.
39. 10% annual growth in the number of Micro Enterprise accounts In terms of the recommendations of the Prime Minister’s Task Force on MSMEs.
40. Non Deposit taking NBFCs will appoint Internal Ombudsmen if having asset size of Rs 5000.00 Crore & above and having customer interface.
41. Associate of our bank – PNB Gilts Ltd. PNB investment Services Ltd.
42. MSME Proposal of Rs. 30.00 Lac TAT- 4 week
43. At present, the list of Suit filed accounts and non-suit filed accounts of Wilful Defaulters for ₹ and above is submitted by banks to the Credit Information Companies (CICs) of which they are member(s), who display the same on their respective websites as and when received. – Rs. 25.00 Lac
44. RBI has made it mandatory for corporate borrowers having aggregate fund-based and non-fund based exposure of ₹ _____and above (introduced in a phased manner) from any bank to obtain Legal Entity Identifier (LEI) registration and capture the same in the Central Repository of Information on Large Credits (CRILC). ₹5 crore
45. The cost of each project for procurement of product/ services from any empaneled FinTech (including support and maintenance) for period upto three years shall not exceed. Rs. 5.00 Crore
46. Valuation of plant & machinery shall be reckoned from Written Down Value (WDV) of P&M from the latest ABS. However, if sanctioning authority feels that value of plant and machinery is not in commensuration with WDV, sanctioning authority at its discretion, may obtain valuation report from a valuer on the Bank’s approved panel.
47. Bank shall provide feature of re-opening of complaints to Customer. An option to “Re-open” the complaint within days from the date of last closure is to be provided in the CGRMS/CRM, if the complainant is not satisfied with the resolution of the complaint. 15 days
48. Transfer of loan exposure
Explanation: – Transfer means a transfer of economic interest in loan exposures by the transferor to the transferee(s). –
- Loan transfers should result in the transfer of economic interest without being accompanied by any change in the underlying terms and conditions of the loan contract.
- In cases of loan transfers other than loan participation, legal ownership of the loan shall be mandatorily transferred to the transferee(s) to the extent of economic interest transferred.
- In loan participation transactions, legal ownership will remain with the transferor even after economic interest has been transferred to transferee(s).
- The bank should not offer credit enhancement or liquidity facilities in any form in the case of loan transfers.
- A loan transfer should result in immediate separation of the transferor from the risks and rewards associated with loans to the extent that the economic interest has been transferred.
- The transferee(s) will have the unfettered right to transfer or otherwise dispose of the loans free of any restraining condition to the extent of economic interest transferred to them.
49. Loans upto Rs. under PNB Swarnim may be sanctioned to applicants on undertaking basis and copy of land records should not be insisted upon. holding record and Agri activities is to be obtained. Rs. 2.00 Lac
Explanation: For loans up to Rs. 2.00 lakh:
- May be sanctioned to applicants on an undertaking basis (self-declaration).
- A copy of land records should not be insisted upon.
- However, evidence of land holding records and agricultural activities should be obtained.
For loans above Rs. 2.00 lakh:
Evidence of land holding records and agricultural activities must be obtained invariably.
This approach ensures that borrowers are KYC compliant and that the purpose of the loan is verified, while simplifying the process for smaller loan amounts.
50. PRE-APPROVED TERM LOAN FACILITY for PNB “MSME PRIME PLUS”
Borrower having exposure more than shall be eligible for this facility ₹1.00 crore
Explanation:
To be eligible for the PRE-APPROVED TERM LOAN FACILITY under the PNB “MSME PRIME PLUS” scheme, a borrower must have an exposure of more than ₹1.00 crore.
Additionally, the borrower must meet the following criteria: –
- Existing customers banking with PNB for a minimum of 2 years and enjoying fund-based credit facilities.
- The account must not have slipped to category SMA-2 and below in the previous 12 months.
- The borrower shall have an internal credit risk rating of ‘B1’ & above.
This facility may be considered at the time of sanction of Additional Credit Facility or at the time of Renewal/Enhancement of Existing facilities.
51. Minimum amount of deposit into / withdrawal from currency chest is Rs. thereafter in multiple of Rs. Rs.1 lakh ; Rs.50,000/-
52. PNB Baghban T&C acceptance timeline:
53. In export credit financing, borrower has not to bring % which is NWC.
Explanation:
In export credit financing, the borrower does not need to bring in 25% of the total current assets as Net Working Capital (NWC).
Here are the key points:
– For calculating Maximum Permissible Bank Finance (MPBF), the amount of export receivables may be excluded from the current assets.
– Where an exporter desires, export receivables may be included in the total current assets for arriving at MPBF, but the minimum stipulated NWC (i.e., 25% of total current assets under the second method of lending) may be reckoned after excluding the quantum of export receivables from the total current assets for fixing up the post-shipment credit limit.
– In the above situation, the sanctioning authority may permit to accept a lower current ratio, keeping in view the margin requirement in respect of limits set up for domestic sales as against the normal current ratio of 1.33:1 where export receivables are being financed without any margin.
54. Industry wise ceiling are fixed as a percentage to Gross Bank’s Exposure of last annual financial result which are as under for GOLD JEWELLERY
Explanation:
- The industry-wise internal exposure ceilings for Punjab National Bank (PNB) are determined as a percentage of the bank’s Gross Exposure based on the last annual financial result.
- These ceilings are established to manage and diversify the bank’s portfolio and reduce concentration risk.
- The methodology for fixing these ceilings considers various factors such as Industry Outlook Assessment, Asset Impairment Assessment, Portfolio Risk Assessment, and Government Thrust and Initiative.
- The ceilings are effective until further review and are meticulously monitored by the Credit Review & Monitoring Division, HO to ensure compliance and to avert any breaches.
55. Material subsidiary whose income or net worth exceeds 10% of the consolidated income or net worth respectively.
Explanation: A material subsidiary is defined as a subsidiary whose income or net worth exceeds 10% of the consolidated income or net worth of the bank and its subsidiaries in the immediately preceding accounting year. This definition is provided under Regulation 16(1)(c) of the SEBI (LODR) Regulations. Here is the detailed explanation: -A subsidiary is a company in which the bank controls the composition of the Board of Directors or exercises or controls more than one half of the total share capital either on its own or together with one or more of its subsidiary companies.A “Material subsidiary” is a specific type of subsidiary that meets the threshold criteria of having its income or net worth exceed 10% of the consolidated income or net worth of the bank and its subsidiaries.
56. Where the customer is a trust, the identification of beneficial owner(s) shall include identification of the author of the trust, the trustee, the beneficiaries with____% or more interest in the trust and any other natural person exercising ultimate effective control over the trust through a chain of control or ownership. 10%
57. Which is not a group concern: Government / common brand name
58. Who is not key personnel: Chief Vigilance officer
59. Fake money can be impounded by: Bank, Treasury, Currency Chest, RBI Office, Post office
60. ZSCO can sell IP in loan account of exposure upto
61. ETHICS does not contain out of following:
62. Medium Business Risk + Medium Control Risk = High Risk
63. As per Sec. 4 of RERA, % of the amount realised for the Real Estate Project from the allottees shall be deposited in a separate account to be maintained in a scheduled bank to cover the cost of construction and the cost of the land and shall be used for that purpose. The promoter’s account shall be audited within six months after the end of every financial year – 70%
64. Need-based credit subject to maximum of ₹10 Crores is to be provided to the farmers.
65. KCC is to be financed depending upon scale of finance for respective crops duly approved by the concerned District Level Technical Committee.
66. E Renewal of KCC upto Rs. 1.60 Lac
67. Fixation of limit 10% towards post-harvest / household expense / consumption , 20% towards farm maintenance
68. Interest subvention and prompt repayment incentive benefits on short term crop loans and short-term loans for allied activities like animal husbandry, dairy, fisheries, bee keeping etc. will be available
69. In KCC, scores are exempted up to:
Explanation: Credit history check through Credit Information Companies (CICs).
The eligibility criteria of acceptable CIBIL score will not be applicable to KCC loans up to ₹3 lakh, provided there is no record of default in the applicant’s CIC report.
Rating/Farm Score: In terms of extant guidelines of the bank, presently, PSFID/Priority Sector/ Circular No. 22/2020, dated 26.03.2020 and other related guidelines issued and updated from time to time.