Equitas Small Finance Bank Senior Officer Interview Questions and Answers

All the rounds is easy.. be bold and have good communication skills..

Q1. Technical round also easy
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Q2. How do bank customes benefits from overdrafts protection..
Ans. 
Bank customers benefit from overdraft protection by avoiding declined transactions and potential fees.
• Avoid declined transactions due to insufficient funds

• Prevent potential fees for bounced checks or declined transactions

• Provide peace of mind for customers in case of emergencies

• Help customers maintain their financial reputation

• Allow customers to access funds temporarily beyond their account balance
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Q3. Banking software applications
Ans. 
Banking software applications are specialized programs used by banks to manage customer accounts, transactions, and other financial activities.
• Banking software applications help banks streamline their operations and provide better services to customers.

• These applications often include features such as online banking, mobile banking, ATM management, and fraud detection.

• Examples of popular banking software applications i
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Q4. Annual percentage rate and how it calculate
Ans. 
Annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, calculated as a percentage of the total loan amount.
• APR includes not only the interest rate, but also any additional fees or costs associated with the loan.

• It is calculated by taking into account the total cost of the loan over a year, including interest and fees, and then expressing it as a percentage of the loan amo...read more
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Q1. Tell us your last work experience ?
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Q2. Why are you joining the bank sector?
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Regional and Aptitude Maths

Q1. Knowledge about Cash Management?
Ans. 
Cash management refers to the process of managing cash flows, liquidity, and working capital within an organization.
• Cash management involves monitoring and controlling cash inflows and outflows.

• It includes activities such as cash forecasting, cash pooling, and cash positioning.

• Effective cash management helps optimize liquidity, minimize borrowing costs, and reduce the risk of cash shortages.

• Cash management techniques m...read more
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Q2. Will do Long time or Time expend.?
Ans. 
The question is unclear and does not make sense.
• The question is grammatically incorrect and lacks clarity.

• It is difficult to understand the intended meaning of 'Long time or Time expend'.

• There is no context provided for the question.

• It is not clear what the interviewer is asking for.

• It is recommended to seek clarification from the interviewer.
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Q1. What is investment banking
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions.
• Helps companies raise capital through issuing stocks and bonds

• Provides advisory services for mergers and acquisitions

• Assists in structuring complex financial transactions

• Offers risk management services

• Facilitates trading of securities and derivatives
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Q2. Why do want to join DB
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Banking related questions

Q1. Introduction and basi things
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Q2. Cdd process and kyc
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Q1. What are the banking products you know ?
Ans. 
Banking products include savings accounts, checking accounts, loans, credit cards, and investment products.
• Savings accounts

• Checking accounts

• Loans

• Credit cards

• Investment products
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Q2. Why are you planning to switch your job ?
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