Dhanlaxmi Bank Interview Questions and Answers

Different types of mortgages include fixed-rate, adjustable-rate, FHA, VA, and jumbo loans.

• Fixed-rate mortgages have a set interest rate for the life of the loan.

• Adjustable-rate mortgages have an interest rate that can change over time.

• FHA loans are backed by the Federal Housing Administration and have lower down payment requirements.

• VA loans are guaranteed by the Department of Veterans Affairs and are available to eli...read more

A bank is a financial institution that accepts deposits, provides loans, and offers various financial services.

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

• They offer services such as checking and savings accounts, loans, credit cards, and investment opportunities.

• Banks also provide services like money tran...read more

I manage audit by planning, organizing, and executing audits while ensuring compliance with regulations and standards.

• I plan and prioritize audit tasks based on risk assessment

• I organize audit teams and assign responsibilities

• I execute audits by conducting fieldwork and analyzing data

• I ensure compliance with regulations and standards

• I communicate findings and recommendations to management

• I follow up on audit recommenda...read more

The responsibility of an auditor in a branch is to ensure compliance with policies, procedures, and regulations.

• Conducting audits to identify any non-compliance issues

• Preparing audit reports and presenting findings to management

• Developing and implementing corrective action plans

• Ensuring that all financial transactions are accurately recorded

• Verifying that all internal controls are in place and functioning properly