Equisoft Interview Questions and Answers

Small Finance Banks are specialized banks that provide financial services to the unbanked and underbanked sections of the society.

• Small Finance Banks were introduced by RBI in 2015 to provide financial inclusion to the unbanked and underbanked sections of the society.

• They offer basic banking services like deposits, loans, and payments to individuals and small businesses.

• They have a focus on microfinance and provide loans to small businesses and individuals who do not have acc...read more

Our bank stands out with its customer-centric approach, innovative products, and advanced technology.

• We prioritize customer satisfaction and tailor our services to meet their needs.

• We offer unique products such as mobile banking and online investment platforms.

• Our advanced technology allows for faster and more secure transactions.

• We have a strong focus on financial education and offer resources to help customers make informed decisions.

• Our bank has won several awards for our ...read more

The biggest issue faced by banks is managing risk and maintaining financial stability.

• Banks need to balance risk and reward while ensuring financial stability

• Regulatory compliance is a major challenge for banks

• Cybersecurity threats are increasing and banks need to invest in security measures

• Low interest rates and economic uncertainty can impact profitability

• Customer expectations are changing and banks need to adapt to new technologies and services

NPA percentage comparison between commercial banks and ESAF small finance bank.

• NPA stands for Non-Performing Assets.

• It is the percentage of loans that are not being repaid by borrowers.

• As of March 2021, the NPA percentage for commercial banks was 7.48%.

• ESAF Small Finance Bank had an NPA percentage of 2.83% as of March 2021.

• ESAF's lower NPA percentage can be attributed to their focus on lending to micro and small enterprises.

SLR, CRR, CAR, Repo and reverse repo are terms related to banking and finance.

• SLR stands for Statutory Liquidity Ratio and is the percentage of deposits that banks have to maintain in the form of liquid assets such as cash, gold, or government securities.

• CRR stands for Cash Reserve Ratio and is the percentage of deposits that banks have to keep with the central bank as a reserve.

• CAR stands for Capital Adequacy Ratio and is the ratio of a bank's capital to its risk-weighted as...read more

Clean not policy refers to a set of guidelines and procedures that ensure cleanliness and hygiene standards are maintained in a specific environment.

• Clean not policy outlines the expectations for cleanliness and hygiene in a particular setting.

• It includes rules and regulations regarding cleanliness practices, such as regular cleaning schedules, proper waste disposal, and personal hygiene.

• Examples of clean not policy can be found in industries like food service, healthcare, an...read more

Branch operations refer to the day-to-day activities and tasks performed at a branch location of a company or organization.

• Branch operations involve managing customer transactions, handling cash, and ensuring smooth functioning of the branch.

• This includes opening and closing procedures, managing staff schedules, and overseeing customer service.

• Branch operations also involve monitoring and maintaining inventory, managing security measures, and implementing operational policies...read more

A savings account is a type of bank account that allows you to deposit money, earn interest on your balance, and withdraw funds when needed.

• Savings accounts typically offer lower interest rates compared to other types of accounts like CDs or money market accounts

• They are designed for storing money rather than for frequent transactions

• Some savings accounts may have minimum balance requirements or monthly fees

• Interest earned on savings accounts is usually compounded either dail...read more