Bank of Baroda Credit Officer Interview Questions, Process, and Tips

A bank is a financial institution that accepts deposits, makes loans, and provides other financial services.

• Accepts deposits from customers

• Provides loans to individuals and businesses

• Offers various financial services such as credit cards, savings accounts, and investment products

• Facilitates transactions between customers and other banks

• Manages risk and ensures compliance with regulations

• Earns revenue through interest o...read more

The latest banking and economic news covers topics such as interest rates, inflation, and economic growth.

• The Federal Reserve recently announced that they will keep interest rates near zero until 2023.

• Inflation has been rising due to supply chain disruptions and increased demand.

• The US economy grew at an annual rate of 6.4% in the first quarter of 2021.

• The stock market has been volatile due to concerns about inflation ...read more

Cash credit is a loan given against inventory or receivables, while overdraft is a facility to withdraw more than the available balance.

• Cash credit is a short-term loan given to businesses to meet their working capital needs.

• It is secured against inventory or receivables.

• Interest is charged only on the amount utilized.

• Overdraft is a facility given to account holders to withdraw more than the available balance in their ...read more