Statutory Declaration And Undertaking: Fill & Download for Free

I have given RBI interview two times for Grade B – Dr Once in 2017 and again the next time in 2018. In my first attempt I made silly mistakes in basics and could not defend some of my professional decisions but in the end, I was awarded 29.5 which was an above average score in 2017. I missed the final cut off by a very close margin. In my 2nd attempt the interview was personally very satisfying, wonderful and a pleasant experience.A brief background about myselfName: Sudheer MacherlaProfile: Bachelor of Technology with a major in CSE and a minor in Management, RGUKT Basar, 2015 batch.Previous attempts: RBI Grade B 2017 missed the final merit list.Work Experience: Now none, SBI PO 2015 batch – AIR 62, worked for a brief period before deciding to resign and take the plunge for UPSC preparation.Venue: RBI Regional Office, Chennai.Date: 21/12/2018I was the 14th/16 guy to go.The interview room was quite big. The panel consisted of 5 members seated in a semi-circle. The Chairman (C) was seated exactly opposite to me, 1 member to the left of C (M2), 1 member to the left of M2 (M1), 1 member to the right of C (M3), a lady member to the right of M3 (LM).Chairman (C): So Sudheer, are you working somewhere?Me: No sir, but I was an SBI PO resigned now.C: How many years did you work?Me: Sir XXXXXXX days.C: Before confirmation or after?Me: XXXXXXXXXXXXXXXXXXXXX. (Intentionally left out due to personal reasons – no use).C: POINTING TOWARDS A SIR TOWARDS HIS LEFT – SIGNALLED HIM TO CONTINUE.Member 2: What are the functions of RBI?Me: Sir, RBI acts as the Central bank of our country and undertakes monetary policy, acts as a banker to the government, banker to the banks, and issuer of currency, forex management, regulation and supervision of banks, supervision of NBF…. (Sir cut me short here.)M2: Ok tell me which function interests you more? (LAST YEAR I WAS ASKED WHICH DEPT WOULD YOU LIKE TO JOIN)Me: Sir, regulation, and supervision of banks. (SIR DEPT. OF BANKING SUPERVISION)M2: How does RBI supervise a bank? (the SAME QUESTION WAS ASKED LAST YEAR TOO)Me: TOLDM2: What is SLR?Me: Sir SLR is Statutory Liquidity Ratio, it is a monetary policy tool according to which banks need to maintain a portion of their NDTL in SLR securities, it is 19.5 at present (Here Sir was about to ask a supplementary question sensing which I continued) Sir, but recently it has been decided to bring it down to 18%. (Here he smiled and said fine).M2: Have you heard about PCA?Me: Yes sir it is Prompt corrective action, according to which RBI places banks in PCA list based on 3 parameters when the threshold is breached, these are CRAR, Profitability or Assets Quality/NPA.M2: What is bank consolidation and why?Me: Bank consolidation-Told, Why part- said to meet Basel 3 norms and increased efficiency.M2: How Basel 3 will help? Suppose say bank 1 has X NPA, Y Asset – bank 2 has X NPA, Y asset how will they change if banks are consolidated?Me: (In my mind I told myself – Ohh!! man I always had this question in my mind but never cared to check this or read about it) Without wasting any time I said, “Sorry Sir, I always had this question in my mind I also read about it but I didn’t understand it so I don’t know”.M2: Ok fine, now tell me recently a Central bank is in news, what it did that is affecting the emerging economies.Me: Sir it is Federal Reserve, the central bank of the USA. It is news because it increased its repo rate by 25 basis points from 2.25% to 2.50%.M2: What will be the effects?Me: Sir, the investors especially the Foreign Portfolio Investors (FPIs) will pull out their money and there will be a large outflow of funds from the emerging economies back to the USA as their Bond Yield will increase which will be attractive for the investors. This will lead to stress in the local currency which will depreciate thus affecting the Indian Stock Market.M2: Only FPIs? Not FDIs?Me: No sir only FPIs because FDIs are long term investments in a company which is quite stable, unlike the FPIs.M2: But did you see what happened yesterday?Me: Yes sir India was immune to it and the market was not affected.M2: Why is it so?Me: Sir, Indian markets nowadays are immune to these short term shocks, and Indian investors believe that the low and falling prices of Brent crude will be good for the economy. As oil form a major part of our imports the less prices augur well for the economy. So these days India is immune to volatility.(Here I felt the panel was satisfied with the explanation and logic)M2: But did you see what happened today?Me: Sorry sir, yesterday the market was stable. I’m not at all aware of today’s happening. (Of course, I won’t be sitting in the conference hall and keep a tab on Sensex/Nifty).Lady Member: Recently a bank took RBI to the court why?Me: Madam it is Kotak Mahindra Bank, it took RBI to court due to its directions to the bank to reduce its promoters share to 15% which it failed.Lady Member: Why did they fail what did they do?Me: Madam, Uday Kotak issued preferential shares and not normal shares. He still holds appx 30%.LM: What is the difference?Me: Madam, preferential shareholders do not get voting rights like the normal equity shares, they do not have any right to participate in the day to day management of an organization and also in case of liquidation preferential shares are paid before the normal shares.LM: So, who do you support?Me: Madam, Uday Kotak. (Here everyone was shocked – they let out a common gasp and looked at me especially the chairman sir)LM (With a bewildered): So you say RBI is wrong?Me: No Madam, RBI is not wrong but I personally feel that investors and equity holders get connected with the promoters and invest due to them. For Ex: Ambani family is the face to Reliance and if we ask them to reduce their stake it may send a wrong signal to investors(I didn’t use shareholders here) similarly Uday Kotak is the face of Kotak Mahindra Bank, also according to the recommendations of some panel at least 25% must be allowed.(In the hindsight after doing self-analysis I feel this must have been a big plus for me because constructive criticism along with taking a view contrary to the general opinion of policymakers and newspapers with good reasoning and arguments will always be beneficial)LM: But the norms are since long KMB had 15 years, do you know why RBI recommended this 15% thing?Me: Sorry Madam, I don’t know. (LINK 1 – remember this).Member 1: Why are banks important?Me: Sir, banks act as financial intermediaries’ b/w persons with surplus funds and people with deficit funds. It takes deposits and gives credit to the persons in need.M1: Why are they important in the Indian context?Me: Sir In India, most of the growth can be attributed to lending by the banks as still, the debt, and equity market is very underdeveloped. The Indian growth story is not investment led but BANK-LED (** mistake- LINK2)M1: If a bank fails what will happen?Me: ExplainedM1: If a Corporate fails what will happen?Me: ExplainedM1: So do you think banks need more regulation than corporate?Me: Yes sir because if a bank fails it will affect the entire economy but failure of a corporation may just affect a specific sector.M1 (LINK 1): So, can this be a reason why RBI is rooting for the 15% thing? As it does not want a bank to fail?Me: Yes sir. (With a smile)M1: Now you understood the need for 15%?Me: Yes sir.M1: What is PCR?Me: Sir PCR is public credit registry and I went on to explain this……..M1 - Sir trolled me here - No PCR also means another thing in Banking apart from credit registry.Me: I don’t know sir.M2: Difference between GNPA and NNPA.Me: Gross NPA explained, NNPA= GNPA- provisions.M2: In this background now tell what PCR is.ME: Sir, Provisions coverage ratio.Member 3: The South Indian sir, he was part of the panel last year also.M3: you have worked in SBI right, do you know Pradip Chaudary?Me: I was about to say- Sirrr….. (I don’t know) but before thatM3: He was the ex-chairman of SBI he comes on debates on TV Shows and says CRR is a failure we should scrap it fully make it zero, what are your views?Me: Sorry sir I didn’t read about it.M3: If you have not read or watched that debate then we can’t discuss further, Ok you said Bank-Led growth but it is Investment-led growth.Me: Yes sir Investment-led growth.M3: Investment but Jobless growth (Sir laughed here)Me: Yes sir.M3: So what are the components of Investment Led Growth?Me: Sir, mostly consumption.M3: What type?Me: Sir Government, public, private.M3: We have a formula.Me: Yes sir, C+I+G something.He completed the formula. CIG- some XYZ he said.M3: Why it is a jobless growth?Me: Sir, because the government failed to create any jobs and this is one of the reasons why BJP lost in the elections (I don’t know why I said this)M3: He said Oh!! one of the reasons and he laughed again.Chairman Sir: Ok you can leave.I thanked each of them separately and came out.Personally, I was very much satisfied with my performance, I don’t know whether the panel was happy with me or found me eligible for this prestigious post of RBI Grade B Dr (Manager), only the marks will reveal the suspense about my score in the interview out of 50 marks.After a long gap of 2 months after my interview i.e on 20th February 2019, the results were declared and I made it to that elusive and hallowed list along with just 126 others all over India.

To obtain a patent in India, one has to file a patent application in the Indian patent offices located in Delhi, Kolkata, Mumbai and Chennai.(IPO).The patent application can be filed in online or offline mode. However, it has to be noted that, the patent office will charge an additional fee of 10%, if the application is filed 0ffline.The documents to be filed or required to file a patent application in IPO are as follows:Form 1 – Application for Grant of PatentForm 2 – Provisional/Complete SpecificationForm 3 – Statement and Undertaking Under Section 8Form 5- Declaration as to Inventor shipForm 9 – Request for Publication(Please note that form 9 is not mandatory ; if one needs application to be published earlier than the prescribed time, in this regard form 9 has to be filed)Form 18 – Request for Examination of Application for patent (A request for examination has to be filed within 48 months from the priority date else the application will be abandoned).Please visit the link below for further details on the patent filing procedure in India:Patent Application Filing Procedure/Process in IndiaThe cost involved in filing the patent application in IPO varies from natural person to person other than natural person.The overall cost involved to obtain a patent depends on two criteria-1) statutory fee to be paid to the patent office.2) Professional fee to be paid to a patent service provider (optional)Link provided below gives a clear idea as how much fee has to be paid by the applicant.How much does it cost to get a patent in India?

“Why would you want to change your race?” is the question that pops up in my mind when I read this but if you’re really serious about doing so then I suggest contacting the ICA? As far as I know, your race (as stated on your nric) can only be changed if you have a parent who is of a different race. As for grandparents or great-grandparents, I’m not sure about that but I did some searching on google and found this “Singaporeans are allowed to change their race twice: once before the age of 21, and once at or after the age of 21. They would have to execute a Statutory Declaration stating their reason(s) for the change, and undertaking not to change their race again.” Also some people on Reddit with the same questions: how do i change my race in my NRIC? (Serious) How do I change my race to Malay? So despite you having parents with the same race I guess it could be possible?As a biracial person, my race on official reports follows after my dad’s but not my mom’s. While I don’t really care about this kind of thing I’d still prefer it if my race reflected both my dad’s and my mom’s. Who knows, maybe I might consider changing as well?