ESAF Small Finance Bank Brach Operation Manager Interview Questions and Answers

Clean note policy refers to the practice of ensuring that all notes and documents are free from errors, corrections, and illegible handwriting.

• Ensures that all notes are legible and accurate

• Requires proper documentation practices to maintain clarity and professionalism

• Helps prevent misunderstandings and errors in communication

• Examples: using electronic medical records, double-checking handwritten notes for accuracy

The limit for RTGS (Real Time Gross Settlement) varies depending on the bank and account type.

• RTGS limits are set by individual banks based on factors such as account type, customer profile, and transaction history.

• Limits can range from a few lakhs to several crores depending on the bank's policies.

• Customers can request for higher RTGS limits based on their needs and eligibility.

• RTGS limits may also vary for corporate

Soiled notes are dirty or stained, while mutilated notes are damaged or torn.

• Soiled notes refer to currency that is dirty, stained, or contaminated with substances like ink, oil, or dirt.

• Mutilated notes are currency that is damaged, torn, or partially destroyed.

• Soiled notes can still be used for transactions, but mutilated notes are usually unfit for circulation and need to be replaced.

• Examples of soiled notes include ...read more

Recent developments in the banking industry include digital banking, fintech innovations, and increased focus on cybersecurity.

• Digital banking has become more prevalent, with customers being able to perform transactions and manage their accounts online or through mobile apps.

• Fintech innovations have disrupted traditional banking models, with the emergence of online lenders, peer-to-peer payment platforms, and robo-advi...read more