Reliance Industries Interview Questions and Answers

Investment banking involves providing financial advice and services to corporations, governments, and other institutions.

• Investment banks help clients raise capital through underwriting and issuing securities.

• They also provide advisory services for mergers and acquisitions, restructuring, and other financial transactions.

• Investment bankers work closely with clients to understand their financial needs and develop customized solutions.

• Examples of investment banks include Goldma...read more

Retail banking refers to the services provided by banks to individual customers, including deposit accounts, loans, and credit cards.

• Retail banking focuses on serving individual customers rather than businesses or institutions.

• It includes various financial products and services such as savings accounts, checking accounts, personal loans, mortgages, and credit cards.

• Retail banks offer convenience and accessibility through branches, ATMs, online banking, and mobile apps.

• They pr...read more

A counterfeit check is a fake check that is not issued by a legitimate bank or financial institution.

• Counterfeit checks often have misspelled words or incorrect information on them.

• They may also have a different font or color than genuine checks.

• The check may be made out for an unusual amount or have an unusual memo line.

• The paper may feel different or have a different texture than real checks.

• If you suspect a check is counterfeit, contact the issuing bank to verify its authe...read more

Fraud is a deliberate deception to secure unfair or unlawful gain. Risk can be mitigated by implementing strong internal controls.

• Fraud can take many forms such as embezzlement, identity theft, and false billing.

• To mitigate risk, companies can implement internal controls such as segregation of duties, regular audits, and background checks.

• Training employees on fraud prevention and detection can also help mitigate risk.

• In addition, companies can use technology such as fraud de...read more

Rules of deposit refer to guidelines and regulations set by financial institutions for depositing money into accounts.

• Deposits must be made in accordance with the bank's operating hours.

• Deposits may be subject to holds for verification purposes.

• Deposits over a certain amount may require additional documentation.

• Deposits made through ATMs may have different rules compared to in-person deposits.

Moderating a mortgage involves adjusting terms to make payments more manageable for the borrower.

• Negotiate with lender for lower interest rates or longer repayment period

• Consider refinancing to lower monthly payments

• Explore government assistance programs for mortgage relief