I applied through university. The process took 2 weeks. I interviewed at Nomura (Mumbai) in Jan 2012
Interview
There were 3 rounds, the first was a theory an excel test the second was with a panel and third was HR. There was some people who pulled me aside to talk between these rounds but that was just to get a feel of the final candidates
Interview questions [1]
Question 1
most of the questions were PnL and accounting related with some derivative and financial product related questions.