10+ Visakhapatnam Central Interview Questions and Answers

There are four types of commercial banks: retail, corporate, investment, and private.

• Retail banks serve individuals and small businesses

• Corporate banks serve large businesses and corporations

• Investment banks provide services like underwriting, mergers and acquisitions, and securities trading

• Private banks offer personalized banking services to high net worth individuals and families

• Examples include Bank of America (retail), JPMorgan Chase (corporate), Goldman Sachs (investment...read more

To develop this business, I would focus on building strong relationships with customers, identifying new markets, and implementing effective sales strategies.

• Build strong relationships with customers through excellent customer service and follow-up

• Identify new markets and target them with tailored marketing campaigns

• Implement effective sales strategies such as offering promotions, upselling, and cross-selling

• Regularly analyze sales data to identify areas for improvement

• Train ...read more

A savings account is a type of bank account where you can deposit money and earn interest on it.

• Savings accounts are typically used for long-term savings goals, such as buying a house or saving for retirement.

• They usually offer lower interest rates than other types of accounts, but they are also less risky.

• Some savings accounts have minimum balance requirements or fees for withdrawals.

• Interest earned on savings accounts is usually taxable.

• Examples of savings accounts include ...read more

To handle sales techniques and customer dealing, one must have good communication skills and knowledge of the product.

• Develop a strong understanding of the product or service being sold

• Listen actively to the customer's needs and concerns

• Tailor the sales pitch to the customer's specific needs

• Be confident and persuasive in presenting the product or service

• Follow up with customers to ensure satisfaction and build long-term relationships

Banking is the industry that deals with financial transactions, such as deposits, loans, and investments.

• Banks offer various types of accounts, such as savings, checking, and money market accounts.

• They provide loans for personal, business, and real estate purposes.

• Banks also offer investment services, such as mutual funds, stocks, and bonds.

• They play a crucial role in the economy by providing financial services to individuals and businesses.

• Banks are regulated by government a...read more

I prefer having a business over a job because it allows me to have more control over my work and potential for higher earnings.

• Having a business allows for more flexibility and autonomy in decision-making

• Potential for higher earnings and growth opportunities in a business

• Ability to create something of your own and make a bigger impact in the industry

• However, running a business also comes with higher risks and responsibilities

CASA stands for Current Account Savings Account. It refers to the combination of a current account and a savings account offered by banks.

• CASA is a type of bank account that combines the features of a current account and a savings account.

• It allows customers to enjoy the benefits of both types of accounts, such as easy access to funds and interest on savings.

• Banks use CASA deposits to fund their lending activities and earn interest income.

• Example: A customer can deposit money...read more

I am open to discussing salary based on the responsibilities and benefits offered by the company.

• Open to negotiation based on responsibilities and benefits

• Looking for competitive salary in line with industry standards

• Interested in performance-based incentives

• Seeking opportunities for growth and advancement

Sales in a bank refer to the process of selling financial products and services to customers.

• Sales in a bank involve promoting and selling various financial products such as loans, credit cards, insurance, and investment products.

• Sales officers in a bank are responsible for meeting sales targets, acquiring new customers, and cross-selling products to existing customers.

• Effective sales in a bank require building relationships with customers, understanding their financial needs...read more