Equitas Small Finance Bank Associate Interview Questions and Answers

Q1. Self introduction
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Q2. Excel realated que
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Effects of social media in our life

Q1. Explain your favorite advertise and why?
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Q2. Commercialization good or bad?
Ans. 
Commercialization can be both good and bad depending on the context and industry.
• Commercialization can lead to increased accessibility of products and services to a wider audience.

• It can drive innovation and competition in the market.

• However, it may also prioritize profit over ethical considerations or public welfare.

• Examples: Pharmaceutical industry commercializing life-saving drugs at high prices, tech companies comm
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Aptitude questions consists of English, maths ,non verbal, general knowledge, ms office, behaviour round

You have to talk about a topic that they will mention and also discuss it with other members of gd, you need to have fluent communication, topic would be anonymous

Q1. Basic he questions And questions related to your hobbies Basic Banking questions General knowledge
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Q2. Ministers of India How to open a bank account What is e commerce
Ans. 
Opening a bank account requires valid identity and address proof. E-commerce refers to buying and selling goods online.
• To open a bank account, visit the bank with valid identity and address proof documents

• Fill out the account opening form and submit the required documents

• Once the account is opened, you can start depositing and withdrawing money

• E-commerce refers to the buying and selling of goods and services online

• Exam...read more
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Q1. Basic testing concepts,Unix commands basic,SQL commands -joins,trade life cycle very important
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Q1. Testing lifecycle concepts,basic SQL queries etc
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Q1. What do you know about IFRS 9
Ans. 
IFRS 9 is an international financial reporting standard that addresses the classification and measurement of financial assets and liabilities.
• IFRS 9 replaced IAS 39 and introduced a new classification and measurement approach for financial instruments.

• It requires entities to classify financial assets based on their business model for managing the assets and their contractual cash flow characteristics.

• IFRS 9 also includ...read more
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Q2. Your understanding of product control
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Product control involves monitoring and analyzing the financial performance of products within a company.
• Monitoring revenue and expenses related to specific products

• Analyzing profitability and cost efficiency of products

• Identifying trends and making recommendations for product improvements

• Ensuring compliance with financial regulations and reporting standards

• Collaborating with various departments to gather data and insi
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Q3. Explain balance sheet substantiation
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Balance sheet substantiation involves verifying the accuracy and completeness of the items reported on a company's balance sheet.
• Process of reconciling balance sheet accounts to ensure they accurately reflect the financial position of a company

• Involves comparing account balances to supporting documentation such as bank statements, invoices, and contracts

• Identifying and investigating any discrepancies or errors to ensur...read more
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Q1. Explain Swap products
Ans. 
Swap products are financial instruments where two parties agree to exchange cash flows or other financial assets.
• Swap products involve two parties exchanging cash flows based on a predetermined set of terms

• Common types of swap products include interest rate swaps, currency swaps, and commodity swaps

• These products are often used by companies to manage risk or speculate on market movements
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Q2. What do know about Mccaulay duration
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Q3. What do you know about front office and accouting pnl reco
Ans. 
Front office and accounting P&L reconciliation involves comparing the profit and loss statements from both departments to ensure accuracy.
• Front office is responsible for generating revenue through client interactions and trading activities.

• Accounting is responsible for recording financial transactions and preparing financial statements.

• P&L reconciliation involves comparing the revenue and expenses reported by the front...read more
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Q1. WHAT have you done
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I have successfully managed multiple projects and teams, resulting in increased efficiency and productivity.
• Led cross-functional teams to successfully launch new products

• Implemented process improvements that resulted in a 20% increase in productivity

• Managed a budget of $1 million for a marketing campaign
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Q1. Why IDFC and abouut
Ans. 
IDFC is a leading financial institution in India known for its innovative financial solutions and commitment to sustainable development.
• IDFC is a well-established financial institution in India with a strong reputation in the market.

• They are known for their focus on providing innovative financial solutions to their clients.

• IDFC has a track record of supporting sustainable development initiatives in the country.

• The comp...read more
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Q1. Banking questions
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Basic aptitude questions were asked

Topic was given and there were 10 members

Q1. Question about Federal Bank
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Q2. HR questions, banking questions
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Problem statement with some objectives type questions

Q1. Write a program
Ans. 
Program to sort an array of strings in alphabetical order
• Use a sorting algorithm like bubble sort or quicksort

• Compare adjacent strings and swap if necessary

• Repeat until the array is sorted
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Q2. Explain different way to solve a particular problem
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One way to solve a problem is by breaking it down into smaller tasks and tackling them one by one.
• Identify the main issue or goal of the problem

• Break down the problem into smaller, more manageable tasks

• Prioritize the tasks based on importance and urgency

• Create a plan or strategy to address each task

• Implement the plan and monitor progress

• Adjust the plan as needed based on feedback and results
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