Cholamandalam Investment & Finance Coordinator Interview Questions and Answers

AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures designed to prevent the generation of income through illegal activities.

• AML is used to prevent money laundering, terrorist financing, and other financial crimes.

• It involves identifying and verifying the identity of customers, monitoring transactions, and reporting suspicious activity.

• AML regulations apply to banks, financial institut...read more

Locker management involves ensuring the security and proper usage of lockers.

• Assign lockers to individuals and keep a record of who has access to which locker

• Regularly inspect lockers to ensure they are in good condition and not being misused

• Implement security measures such as CCTV cameras and access control systems

• Train staff on proper locker usage and security protocols

• Handle lost or forgotten locker keys or combinat...read more

My strengths include leadership, problem-solving, and communication skills.

• I have experience leading teams and delegating tasks effectively.

• I am able to analyze complex problems and come up with practical solutions.

• I am a clear and concise communicator, able to convey ideas and instructions effectively.

• I am adaptable and able to work well under pressure.

• I am highly organized and able to prioritize tasks to meet deadlin

To sell insurance products, I focus on understanding the customer's needs, building trust, and providing personalized solutions.

• Listen to the customer's needs and concerns

• Explain the benefits and features of the insurance product

• Provide personalized solutions based on the customer's needs

• Build trust by being transparent and honest

• Follow up with the customer to ensure satisfaction

• Offer additional products or services th...read more

Advance against import refers to a loan provided by a bank to an importer to finance the purchase of goods from a foreign supplier.

• This type of loan is usually secured by the goods being imported.

• The loan amount is typically a percentage of the value of the goods being imported.

• The importer must provide documentation such as purchase orders and invoices to the bank.

• The loan is repaid once the goods are sold or otherwis...read more

KYC stands for Know Your Customer and it is a process of verifying the identity of a customer before providing services.

• KYC is mandatory for all LLPs

• It involves collecting and verifying personal and financial information of the LLP and its partners

• Documents such as PAN card, Aadhaar card, and address proof are required for KYC

• KYC helps prevent fraud and money laundering