10+ SAI Life Sciences Interview Questions and Answers

The question is about various types of deposits and their operational instructions for opening and maturity.

• Different types of deposits include saving bank accounts, time deposits, recurring deposits, FDR deposits, and senior citizen special deposits.

• KYC documents are required for opening saving bank accounts.

• Accounts can be opened in single name or jointly with a spouse.

• Operational instructions can be self or either or survivor on joint accounts.

• Instructions for time deposit...read more

Recovery policies for non-performing loans including securitization, compromise, state recovery proceedings, Lok Adalat procedures, and DRRBT recovery tribunal.

• Recovery policies for non-performing loans are crucial for financial institutions to minimize losses.

• Securitization involves pooling of non-performing loans and selling them to investors.

• Compromise in NPA loan accounts involves negotiating with the borrower to settle the debt.

• State recovery proceedings in NPA agri loan...read more

Technology and staff honesty are both crucial in analyzing deposit frauds.

• Technology should be used to detect and prevent frauds, such as implementing multi-factor authentication and real-time transaction monitoring.

• Regular staff training and awareness programs should be conducted to ensure honesty and ethical behavior.

• Internal controls should be established to prevent conflicts of interest and ensure segregation of duties.

• Data analytics can be used to identify suspicious pat...read more

The first regular bank is believed to be Banca Monte dei Paschi di Siena, founded in 1472 in Italy.

• Banca Monte dei Paschi di Siena, founded in 1472, is considered the oldest surviving bank in the world.

• It was established in Siena, Italy, and initially operated as a pawnbroker and moneylender.

• The bank provided loans to the local government and played a significant role in financing trade and commerce.

• Banca Monte dei Paschi di Siena is still in operation today, making it the ol...read more

Asset liability management is the practice of managing risks that arise due to mismatches between assets and liabilities.

• Asset liability management involves managing the risks associated with the assets and liabilities of a company or organization.

• It aims to ensure that the assets are sufficient to cover the liabilities and meet the organization's financial obligations.

• Strategies used in asset liability management include hedging, diversification, and matching the duration of...read more

I solve problems at the earliest by prioritizing tasks, seeking input from team members, and utilizing my experience and expertise.

• Prioritize tasks based on urgency and impact

• Seek input from team members to gather different perspectives and ideas

• Utilize my experience and expertise to make informed decisions and solve problems efficiently

There are several low interest banks available. Some examples include Ally Bank, Capital One 360, and Discover Bank.

• Ally Bank offers competitive interest rates on savings accounts and CDs.

• Capital One 360 offers low interest rates on personal loans and credit cards.

• Discover Bank provides low interest rates on mortgages and home equity loans.

Key ratios for reviewing financing arrangements include debt-to-equity ratio, interest coverage ratio, and current ratio.

• Debt-to-equity ratio compares a company's total debt to its shareholders' equity.

• Interest coverage ratio measures a company's ability to pay interest on its debt.

• Current ratio assesses a company's ability to cover its short-term liabilities with its short-term assets.

I manage the best for employees by prioritizing their well-being, providing opportunities for growth, and fostering a positive work environment.

• Prioritize employee well-being by offering support programs and resources

• Provide opportunities for growth through training, mentorship, and career development

• Foster a positive work environment by promoting open communication, recognition, and work-life balance

Technology in banks is crucial for efficiency, security, and customer experience.

• Technology enables online banking, mobile banking, and ATMs for convenient customer access.

• Data analytics and AI help banks detect fraud and make informed decisions.

• Cybersecurity measures are essential to protect sensitive customer information.

• Blockchain technology is being explored for secure and transparent transactions.

• Integration of fintech solutions can enhance customer experience and stream...read more

PCA stands for Principal Component Analysis, a statistical technique used to reduce the dimensionality of data while preserving important information.

• PCA is used to identify patterns in data and reduce the number of variables without losing much information.

• It works by transforming the original variables into a new set of uncorrelated variables called principal components.

• These principal components are ordered by the amount of variance they explain in the data.

• PCA is commonly...read more

CRAR stands for Capital to Risk-Weighted Assets Ratio, a measure of a bank's capital adequacy. CCB stands for Counter-Cyclical Buffer, an additional capital requirement imposed on banks during periods of excessive credit growth.

• CRAR is calculated by dividing a bank's capital by its risk-weighted assets.

• It is used to ensure that banks have enough capital to cover potential losses from their risk exposures.

• CCB is a regulatory tool used by central banks to build up additional ca...read more

Documents required for loan applications include proof of income, identification, credit history, and collateral.

• Proof of income such as pay stubs or tax returns

• Identification documents like driver's license or passport

• Credit history report from credit bureaus

• Collateral documentation for secured loans

Bank policies include lending, investment, risk management, and customer service policies.

• Lending policies determine criteria for approving loans and setting interest rates.

• Investment policies outline guidelines for investing bank funds in various assets.

• Risk management policies focus on identifying and mitigating potential risks to the bank.

• Customer service policies dictate how customers are treated and what services are offered.

• Examples: loan approval criteria, investment a...read more

By providing excellent customer service, addressing their needs promptly, and going above and beyond to exceed their expectations.

• Listen to customer feedback and address any concerns promptly

• Provide personalized solutions to meet individual customer needs

• Offer incentives or rewards for loyal customers

• Train staff to prioritize customer satisfaction in all interactions

Parameters for working capital finance

• Working capital finance is used to fund the day-to-day operations of a business

• Parameters for working capital finance include the amount needed, the repayment period, and the interest rate

• The amount needed for working capital finance depends on factors such as inventory levels, accounts receivable, and accounts payable

• The repayment period for working capital finance should align with the business's cash flow cycle

• The interest rate for wor...read more