Axis Bank Financial Analyst Interview Questions and Answers for Experienced

Q1. What is hypothesis testing?
Ans. 
Hypothesis testing is a statistical method used to make inferences about a population based on sample data.
• It involves setting up a hypothesis (null and alternative), collecting data, and using statistical tests to determine the likelihood of the null hypothesis being true.

• The null hypothesis typically states that there is no effect or no difference, while the alternative hypothesis suggests there is an effect or diffe...read more
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Q2. What are ways through which credit card companies earn revenue?
Ans. 
Credit card companies earn revenue through interest charges, annual fees, interchange fees, and late payment fees.
• Interest charges on balances carried over from month to month

• Annual fees charged for card membership

• Interchange fees paid by merchants for processing transactions

• Late payment fees for missed or delayed payments
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Nothing just normal.

Q1. Just they went with flow
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Q2. Self introduction
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Q3. Situational questions
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Q1. Background of Business Analyst Domain
Ans. 
Business Analyst domain involves analyzing data, identifying business needs, and recommending solutions to improve processes and systems.
• Analyzing data to identify trends and patterns

• Understanding business needs and requirements

• Developing strategies to improve processes and systems

• Collaborating with stakeholders to gather information and feedback

• Creating reports and presentations to communicate findings and recommendat
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Q2. How to implement STP process in Loans
Ans. 
STP process in Loans involves automating the loan approval process to reduce manual intervention and improve efficiency.
• Implement automated loan application processing system

• Utilize decision-making algorithms to assess creditworthiness

• Integrate with credit bureaus for quick verification of applicant information

• Automate loan disbursement process to reduce processing time
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Q3. Improvements in LOS
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Q4. Different Types of Loans and implementation in LOS
Ans. 
Different types of loans include personal loans, home loans, auto loans, and business loans, each with specific criteria and terms.
• Personal loans are unsecured loans for personal use, often with higher interest rates.

• Home loans are secured loans used to purchase a home, with the home serving as collateral.

• Auto loans are used to finance the purchase of a vehicle, with the vehicle serving as collateral.

• Business loans are...read more
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Q1. Introduction of Business Analyst Career
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Q2. Name one challenge you faced due to conflicting requirements
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