Axis Bank Auditor Interview Questions and Answers

I suggested implementing a customer feedback system and introducing new loan products.

• Suggested implementing a customer feedback system to improve customer satisfaction and identify areas for improvement.

• Proposed introducing new loan products to attract more customers and increase revenue.

• Recommended streamlining the loan application process to reduce wait times and improve efficiency.

• Suggested offering financial educa...read more

KYC stands for Know Your Customer and AML stands for Anti-Money Laundering.

• KYC is the process of verifying the identity of a customer before providing them with a service.

• AML is the set of laws, regulations, and procedures that financial institutions must follow to prevent money laundering.

• KYC and AML are important in preventing financial crimes such as fraud, terrorism financing, and money laundering.

• Examples of KYC i...read more

DSCR stands for Debt Service Coverage Ratio, which is a financial metric used to measure a company's ability to pay its debts.

• DSCR is calculated by dividing a company's net operating income by its total debt service.

• A DSCR of 1 or higher indicates that a company is generating enough income to cover its debt payments.

• Lenders typically require a DSCR of at least 1.25 before approving a loan.

• DSCR is commonly used in real ...read more

AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures designed to prevent the generation of income through illegal activities.

• AML is used to prevent money laundering, terrorist financing, and other financial crimes.

• It involves identifying and verifying the identity of customers, monitoring transactions, and reporting suspicious activity.

• AML regulations apply to banks, financial institut...read more

Locker management involves ensuring the security and proper usage of lockers.

• Assign lockers to individuals and keep a record of who has access to which locker

• Regularly inspect lockers to ensure they are in good condition and not being misused

• Implement security measures such as CCTV cameras and access control systems

• Train staff on proper locker usage and security protocols

• Handle lost or forgotten locker keys or combinat...read more

Sales is the backbone of any business and I am passionate about driving revenue growth through effective sales strategies.

• Sales is crucial for the success of any business

• I enjoy the challenge of meeting and exceeding sales targets

• I have a natural ability to build relationships with clients and understand their needs

• I am constantly learning and adapting to new sales techniques and technologies

• Sales provides a sense of a...read more