Axis Bank Interview Questions, Process, and Tips

Banca assurance is a partnership between a bank and an insurance company to offer insurance products to bank customers.

• It involves a bank acting as a distribution channel for insurance products

• The insurance products are usually tailored to meet the needs of the bank's customers

• The bank earns a commission on the sale of insurance products

• Banca assurance helps insurance companies reach a wider customer base

• Examples inclu...read more

Vostro and Nostro accounts are used in international trade to facilitate foreign currency transactions.

• Vostro account is a foreign currency account maintained by a local bank for a foreign bank.

• Nostro account is a local currency account maintained by a foreign bank for a local bank.

• These accounts are used to facilitate foreign currency transactions and to minimize the risk of currency fluctuations.

• For example, if a ban...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other assets.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is based on the performance of the underlying assets

• Mutual funds offer diversification and can be a good option for investors who want exposure to a variety of assets

• There ...read more