70+ Akash Namkeen Interview Questions and Answers

Salaried individuals need various documents to buy property.

• Proof of identity (e.g. passport, driver's license)

• Proof of address (e.g. utility bill, bank statement)

• Income proof (e.g. salary slips, income tax returns)

• Employment proof (e.g. employment letter, appointment letter)

• Bank statements (to show financial stability)

• Property-related documents (e.g. sale agreement, property registration papers)

Loan eligibility can be determined by assessing factors such as income, credit score, employment history, and debt-to-income ratio.

• Evaluate the applicant's income to ensure it meets the minimum requirement set by the lender.

• Check the applicant's credit score to determine their creditworthiness.

• Consider the applicant's employment history to assess stability and ability to repay the loan.

• Calculate the applicant's debt-to-income ratio by dividing their total monthly debt payment...read more

The question asks about the calculation of salary based on bank criteria and EMI per lakh.

• Calculate the salary by multiplying the bank criteria percentage with the EMI per lakh

• Bank criteria percentage is the percentage of salary that can be used for loan repayment

• EMI per lakh is the monthly installment amount for a loan of one lakh

• Example: If the bank criteria percentage is 50% and EMI per lakh is 1000, the salary would be 50,000

Counterfeit Currency Report is a document that lists all the counterfeit currency detected by a business or organization.

• Immediately notify the authorities and hand over the counterfeit note.

• Record the details of the person who gave the note, if possible.

• Train employees to identify counterfeit notes.

• Regularly update the Counterfeit Currency Report.

• Destroy the counterfeit note to prevent it from re-entering circulation.

To increase the number of TD/Insurance in our organization, I would focus on improving customer satisfaction, offering personalized solutions, and implementing effective marketing strategies.

• Enhance customer satisfaction by providing excellent service and resolving issues promptly

• Offer personalized solutions by understanding customer needs and tailoring products accordingly

• Implement effective marketing strategies such as targeted advertising, referral programs, and partnershi...read more

A home loan is a type of loan provided by financial institutions to individuals for purchasing or renovating a residential property.

• Home loan is a form of financial assistance provided by banks or lenders to help individuals buy a house.

• It is a secured loan where the property being purchased or renovated serves as collateral.

• The loan amount, interest rate, and repayment terms are agreed upon between the borrower and the lender.

• Home loans can have fixed or variable interest ra...read more

I will check the financial stability, credit history, and payment behavior of the flour mill owner.

• Check the credit score and credit history of the owner

• Analyze the financial statements of the flour mill

• Check the payment behavior of the owner with their suppliers and creditors

• Assess the market reputation of the flour mill and its owner

• Evaluate the industry trends and competition in the market

Proceedings in home loan & mortgage loans involve application, verification, approval, disbursement, and repayment.

• Application process involves submitting necessary documents and information.

• Verification includes checking credit score, income, and property valuation.

• Approval is based on the lender's assessment of the borrower's eligibility.

• Disbursement is when the loan amount is transferred to the borrower.

• Repayment involves paying back the loan amount with interest over a sp...read more

To appraise a loan of a flour mill, I will consider factors such as market demand, competition, financial statements, and collateral.

• Assess the market demand for flour and the competition in the area

• Review the financial statements of the flour mill to evaluate its profitability and cash flow

• Evaluate the collateral being offered for the loan, such as the flour mill property and equipment

• Consider the management team's experience and expertise in running a flour mill

• Assess the o...read more

Mortgage loan is a type of loan used to purchase a property, where the property itself serves as collateral.

• Mortgage loans are long-term loans with repayment periods ranging from 15 to 30 years.

• The interest rates on mortgage loans can be fixed or adjustable.

• The amount of the loan is determined by the value of the property being purchased.

• If the borrower fails to make payments, the lender can foreclose on the property.

• Mortgage loans are commonly used by homebuyers to finance t...read more

I implemented targeted marketing campaigns and offered personalized financial solutions to customers.

• Conducted market research to identify potential customers

• Developed targeted marketing campaigns to attract customers

• Offered personalized financial solutions to customers based on their needs

• Provided excellent customer service to retain existing customers

• Collaborated with the sales team to cross-sell products and services

• Organized customer engagement events to increase brand aw...read more

Handling customer queries is not dependent on the size of the bank, but on the quality of service provided.

• Focus on providing excellent customer service

• Train staff to handle queries efficiently

• Ensure prompt resolution of customer issues

• Build trust and rapport with customers

• Leverage technology to improve customer experience

• Provide personalized attention to customers

• Offer value-added services to enhance customer satisfaction

A fishbone diagram of a DCB related case study

• Identify the problem or effect (e.g. poor customer satisfaction)

• Identify the major categories of potential causes (e.g. people, process, equipment)

• Brainstorm and list the potential causes under each category

• Analyze and prioritize the potential causes

• Investigate and verify the root causes

• Develop and implement solutions to address the root causes

Sourcing involves identifying potential clients and building relationships to generate business. The number of clients you should target depends on your specific goals and industry.

• Identify potential clients through networking, referrals, and market research

• Build relationships with clients through regular communication and providing value-added services

• Set specific goals for the number of clients you want to target based on your industry and company's objectives

• Track your pro...read more

Processing a housing loan involves several steps and requirements.

• Gather necessary documents such as income proof, property documents, and identity proof

• Submit the loan application along with the required documents

• Wait for the bank to verify the documents and conduct a property valuation

• If approved, sign the loan agreement and pay the processing fee

• The bank will disburse the loan amount to the seller or builder

• Start repaying the loan in EMIs as per the agreed terms

DCB Bank's market share and market capitalisation are as follows:

• As of August 2021, DCB Bank's market share in terms of deposits was 0.7%.

• As of August 2021, DCB Bank's market capitalisation was approximately INR 5,800 crores.

• DCB Bank's market share and market capitalisation may fluctuate over time based on various factors such as economic conditions, competition, and regulatory changes.

Banks use various financial statements for credit calculations.

• Income statement

• Balance sheet

• Cash flow statement

• Statement of retained earnings

• Financial ratios

• Credit reports

The total book size of my current branch is 500,000 books.

• The branch has a large collection of books.

• The book size includes both physical and digital books.

• The book size may vary over time as books are added or removed.

• The book size is an important metric for evaluating the branch's resources and popularity.

I would ensure a smooth loan process by closely monitoring each step and communicating effectively with all parties involved.

• I would establish clear communication channels with the lead and all relevant parties involved in the loan process.

• I would closely monitor each step of the loan process to ensure that it is progressing smoothly and efficiently.

• I would proactively identify and address any issues or roadblocks that arise during the loan process.

• I would work closely with t...read more

A valuation report is a document that provides an assessment of the value of an asset or property.

• Valuation reports are commonly used in real estate, finance, and investment industries.

• They include detailed information about the asset being valued, such as its physical characteristics, market conditions, and comparable sales data.

• Valuation reports are prepared by qualified professionals, such as appraisers or valuers, who use various methods and techniques to determine the va...read more

Demonetisation had a mixed impact on SMEs in India.

• SMEs with a large cash component were hit hard initially

• Digital payments and formalisation of the economy benefited some SMEs

• Overall, the impact on SMEs was not as severe as on larger businesses

• SMEs in rural areas faced more challenges due to lack of digital infrastructure

• Some SMEs had to shut down due to cash flow issues

Banking involves financial services such as deposits, loans, investments, and money management.

• Banks accept deposits from customers and provide various types of accounts like savings, checking, and money market accounts.

• Banks offer loans to individuals and businesses for various purposes such as buying a home, starting a business, or financing education.

• Banks provide investment services such as brokerage accounts, mutual funds, and retirement planning.

• Banks offer money manage...read more

NPA stands for Non-Performing Assets, repo is a process of selling securities for cash with an agreement to repurchase them later, handling critical customers involves empathy and problem-solving skills.

• NPA refers to loans or advances that are in default or are in arrears for a certain period of time.

• Repo is a short form of repurchase agreement where securities are sold with an agreement to buy them back at a later date.

• To handle critical customers, listen actively, empathize...read more

Yes, I am familiar with the local market.

• I have extensive knowledge of the local market trends and dynamics.

• I am well-versed in the local competition and customer preferences.

• I have built a strong network of contacts within the local market.

• I have successfully executed various sales and marketing strategies in the local market.

• I am aware of the regulatory and legal aspects specific to the local market.

The most important part in collection department is effective communication and negotiation skills.

• Effective communication with debtors to understand their situation and negotiate payment plans

• Timely follow-up on overdue accounts to avoid bad debts

• Maintaining accurate records of all collections activities

• Collaborating with other departments to resolve customer issues and prevent future delinquencies

I received a competitive salary package in my previous role.

• Received a competitive salary package in previous role

• Included base salary, bonuses, and benefits

• Comparable to industry standards

• Negotiated salary package during hiring process

To satisfy the customer, I will prioritize their needs, provide excellent customer service, and continuously improve our products and services.

• Listen actively to understand the customer's requirements

• Offer personalized solutions tailored to their needs

• Provide prompt and efficient customer service

• Ensure clear and effective communication

• Regularly gather feedback and implement improvements

• Exceed customer expectations to build long-term relationships

Implemented streamlined process for client onboarding and relationship management.

• Developed standardized procedures for client intake and data collection

• Utilized CRM software to track client interactions and progress

• Collaborated with cross-functional teams to ensure seamless client experience

Digitalization is helping banks in multiple ways.

• Improving customer experience through online banking and mobile apps

• Reducing operational costs through automation and digitization of processes

• Enhancing risk management through data analytics and AI

• Enabling faster and more efficient transactions through blockchain technology

• Expanding customer base through digital marketing and social media

• Providing personalized financial advice through robo-advisors

• Increasing transparency and s...read more

Demonetization had a mixed impact on the banking sector.

• Initial impact was negative due to liquidity crunch and increased NPAs

• However, in the long run, it led to increased deposits and digital transactions

• Banks had to invest in technology to support digital transactions

• Demonetization also led to increased financial inclusion and formalization of the economy

To last CTC, focus on building strong relationships, providing excellent customer service, and consistently meeting targets.

• Build strong relationships with clients to retain their business

• Provide excellent customer service to ensure client satisfaction

• Consistently meet targets and exceed expectations to demonstrate value to clients

OSPF is a routing protocol used to determine the best path for data packets in a network. LSA stands for Link State Advertisement.

• OSPF (Open Shortest Path First) is a dynamic routing protocol used to exchange routing information within an autonomous system.

• LSA (Link State Advertisement) is a packet type used by OSPF to exchange routing information between routers.

• There are different types of LSAs such as Type 1 (Router LSA), Type 2 (Network LSA), Type 3 (Summary LSA), Type 4 ...read more

A printer is a device that produces a hard copy of digital information.

• Printers can be connected to computers or mobile devices to produce physical copies of documents, images, or other digital content.

• There are different types of printers such as inkjet, laser, and thermal printers, each with their own advantages and disadvantages.

• Printers can be used for personal or professional purposes, such as printing photos, reports, or marketing materials.

• Printers can also be used for...read more

Floating rate and fixed rate are terms used in finance to describe the interest rate on a loan or investment that can change over time (floating rate) or remains constant (fixed rate).

• Floating rate: interest rate that can change periodically based on a benchmark rate or index (e.g. LIBOR, prime rate)

• Fixed rate: interest rate that remains constant throughout the life of the loan or investment

• Floating rate loans are often used in adjustable-rate mortgages, while fixed rate loan...read more

The 40 Lakh target is achievable with proper planning and execution.

• Understand the client's needs and offer suitable solutions

• Identify potential clients and build a strong network

• Maintain good relationships with existing clients

• Regularly review progress and adjust strategies accordingly

As an Assistant Manager, I oversee daily operations, manage staff, and ensure customer satisfaction.

• Manage and supervise staff

• Ensure smooth daily operations

• Maintain customer satisfaction

• Assist Manager in decision-making

• Handle customer complaints and issues

Network diagram of zone wise can be created by categorizing network devices and connections based on their respective zones.

• Identify different zones in the network such as DMZ, LAN, WAN, etc.

• Map out network devices and connections within each zone.

• Use network diagram tools like Microsoft Visio or draw.io to create visual representation.

• Label devices and connections with relevant information for clarity.

• Update the diagram regularly to reflect any changes in the network infrast...read more

The total portfolio size of the branch is $X.

• The total portfolio size includes the value of all assets held by the branch.

• It is an indicator of the branch's financial strength and performance.

• The portfolio size can vary based on the branch's customer base and the types of products and services offered.

• For example, if the branch primarily serves high net worth individuals, the portfolio size may be larger compared to a branch serving retail customers.

Link issue refers to a problem with the connection between two devices or systems.

• Link issue can occur due to hardware or software problems.

• It can cause slow or intermittent connectivity, dropped connections, or complete loss of connection.

• Examples of link issues include faulty cables, outdated drivers, and network congestion.

• Troubleshooting link issues involves identifying the source of the problem and taking appropriate corrective action.

The performance of the current bank is satisfactory.

• The bank has consistently met its financial targets.

• Customer satisfaction ratings have been high.

• The bank has successfully expanded its customer base.

• Profitability has increased over the past year.

• The bank has introduced innovative products and services.

I'm sorry, but I don't understand the question. Could you please clarify?

• Ask for clarification on what 'one year ctc' means

• Request more information on the context of the question

• Offer to provide an answer once the question is clearer

DCB Bank is a private sector bank in India.

• DCB Bank stands for Development Credit Bank

• It was founded in 1930 and is headquartered in Mumbai

• It offers a range of banking products and services including savings accounts, current accounts, loans, and credit cards

• DCB Bank has over 330 branches across India

The products of the bank include various types of accounts, loans, credit cards, and investment options.

• Accounts: savings, checking, money market

• Loans: personal, auto, home, business

• Credit cards: rewards, cashback, travel

• Investment options: stocks, bonds, mutual funds

Yes, I have some ideas for the growth of the bank.

• Expanding the bank's digital presence through mobile banking apps and online banking services.

• Introducing new financial products and services to attract more customers.

• Partnering with other businesses to offer joint promotions and discounts.

• Investing in employee training and development to improve customer service and satisfaction.

• Opening new branches in strategic locations to reach more customers.

BGP stands for Border Gateway Protocol, a routing protocol used to exchange routing information between different networks. AD value refers to Administrative Distance, a metric used to determine the trustworthiness of routing information.

• BGP is used to exchange routing information between different autonomous systems

• AD value is a metric used to determine the trustworthiness of routing information

• Lower AD value indicates higher trustworthiness of the route

• For example, BGP is c...read more

The amount of LI gi & gold loan that can be done depends on various factors such as customer eligibility, loan policies, and market conditions.

• The amount of LI gi & gold loan that can be done will vary based on the customer's creditworthiness and financial profile.

• Loan policies of the financial institution will also play a role in determining the maximum amount of LI gi & gold loan that can be approved.

• Market conditions, such as the current value of gold and interest rates, w...read more

List, tuple, set, and dict comprehensions are concise ways to create these data structures in Python.

• List comprehension: [x for x in range(10)]

• Tuple comprehension does not exist in Python, as tuples are immutable.

• Set comprehension: {x for x in range(10)}

• Dict comprehension: {x: x**2 for x in range(10)}

The NEFT, RTGS, and IMPS cut-off times are the deadlines for initiating fund transfers through these systems.

• NEFT (National Electronic Funds Transfer) cut-off time is usually around 6:30 PM on weekdays and 12:00 PM on Saturdays.

• RTGS (Real Time Gross Settlement) cut-off time is typically around 4:30 PM on weekdays and 12:00 PM on Saturdays.

• IMPS (Immediate Payment Service) operates 24x7, allowing instant fund transfers at any time.

• These cut-off times may vary slightly depending...read more

A tunnel is a virtual point-to-point connection established through a network, while EIGRP (Enhanced Interior Gateway Routing Protocol) is a routing protocol used for routing decisions.

• A tunnel is used to encapsulate one type of network traffic within another type of network. For example, a VPN tunnel can be used to securely transmit data over the internet.

• EIGRP is a distance vector routing protocol that uses a composite metric based on bandwidth, delay, reliability, load, an...read more

The number of accounts I can open depends on various factors such as client needs, eligibility criteria, and time constraints.

• The number of accounts I can open will depend on the specific requirements of each client.

• I will need to assess the eligibility criteria for each account before opening it.

• Time constraints may also impact the number of accounts I can open in a given period.

• For example, I may be able to open 5-10 accounts per day depending on the complexity of each acco...read more

A mortgage is a loan taken out to buy property or land, with the property serving as collateral for the loan.

• Mortgages are typically long-term loans with fixed or adjustable interest rates.

• Failure to repay the mortgage can result in foreclosure, where the lender takes possession of the property.

• Common types of mortgages include fixed-rate mortgages, adjustable-rate mortgages, and government-insured mortgages like FHA loans.

• Mortgages often require a down payment, which is a pe...read more

A bank is a financial institution that provides various services such as accepting deposits, lending money, and facilitating financial transactions.

• Banks play a crucial role in the economy by providing a safe place for individuals and businesses to deposit their money.

• They offer various types of accounts such as savings accounts, checking accounts, and certificates of deposit.

• Banks provide loans to individuals and businesses for various purposes such as buying a home, startin...read more

Qualification refers to the education, skills, and experience required for a particular job or profession.

• Qualification is the combination of education, skills, and experience that make a candidate suitable for a job.

• It can include formal education such as degrees or certifications, as well as practical experience and skills.

• Employers often list specific qualifications in job postings to ensure candidates have the necessary knowledge and abilities.

• Examples of qualifications f...read more

Exceeded sales targets consistently by 20% in previous organization

• Consistently exceeded sales targets by 20% each quarter

• Implemented new sales strategies to increase revenue

• Trained and motivated sales team to achieve targets

My bank is a leading financial institution that offers a wide range of banking services to individuals and businesses.

• We provide various types of accounts such as savings, checking, and investment accounts.

• Our bank offers loans and credit facilities for personal and business needs.

• We have a strong online banking platform that allows customers to conveniently manage their accounts and make transactions.

• Our bank has a network of branches and ATMs across the country for easy acc...read more

DCB stands for Deposit Current Balance, which refers to the amount of money currently available in a bank account.

• DCB is the balance of funds in a bank account that can be used for withdrawals or other transactions.

• It represents the total amount of money that a customer has in their account at a given time.

• DCB can be affected by deposits, withdrawals, interest earned, and fees charged.

• For example, if a customer has $1,000 in their account and withdraws $200, their DCB would b...read more

I have a Bachelor's degree in Finance, 3 years of experience in banking, strong communication skills, and proficiency in financial analysis.

• Bachelor's degree in Finance

• 3 years of experience in banking

• Strong communication skills

• Proficiency in financial analysis

I have 5 years of experience in the market, including sales, customer service, and market research.

• 5 years of experience in the market

• Sales experience

• Customer service experience

• Market research experience

I am not familiar with any specific cluster head in Bilasur that can be considered the worst.

• I do not have information on any specific cluster head in Bilasur being the worst.

• It is important to focus on the positive aspects of leadership and teamwork rather than singling out individuals as the worst.

• Encouraging open communication and constructive feedback can help improve leadership within the organization.

I am not able to provide specific information on the worst cluster head of Bilaspur.

• I do not have access to specific data on cluster heads in Bilaspur

• It would be inappropriate to single out an individual as the worst without proper context and evidence

DAX (Data Analysis Expressions) is a formula language used in Power BI, Excel, and other Microsoft tools for data analysis.

• DAX is used to create custom calculations, measures, and columns in data models.

• It is similar to Excel formulas but optimized for data analysis.

• DAX functions can be used to manipulate and analyze data in Power BI reports.

• Examples of DAX functions include SUM, AVERAGE, CALCULATE, and RELATED.

Paracentage is not a recognized term. Perhaps you meant 'percentage'?

• Paracentage is not a valid term in mathematics or computer science

• It is possible that the interviewer misspoke or meant to say 'percentage'

• Percentage is a measure of a portion of a whole expressed as a fraction of 100

The total book of the current bank refers to the total value of assets and liabilities on the bank's balance sheet.

• Total book value includes all assets such as loans, investments, and cash reserves, as well as liabilities like deposits and borrowings.

• It is important for a branch manager to be aware of the total book value in order to assess the financial health of the bank and make strategic decisions.

• For example, if the total book value is increasing, it may indicate growth ...read more

CTC stands for Cost to Company, which includes the total salary package offered to an employee by the company.

• CTC includes salary, bonuses, benefits, and any other perks provided by the company.

• It is the total amount of money a company spends on an employee in a year.

• CTC helps employees understand the complete value of their compensation package.

• For example, if an employee's salary is $50,000 per year and they receive a $5,000 bonus, their CTC would be $55,000.