Carmel Software Solutions Interview Questions and Answers

HDFC provides a range of services to its customers including banking, loans, insurance, investments, and credit cards.

• Banking services such as savings accounts, current accounts, and fixed deposits

• Loan services such as personal loans, home loans, and car loans

• Insurance services such as life insurance, health insurance, and motor insurance

• Investment services such as mutual funds, stocks, and bonds

• Credit card services with various benefits and rewards

The mortgage product is more profitable to the bank.

• Mortgage loans typically have higher interest rates, resulting in more profit for the bank.

• Banks earn additional income through fees and charges associated with mortgage products.

• Mortgage loans have longer repayment terms, allowing the bank to earn interest over a longer period.

• The bank can also sell mortgage loans to investors, generating additional profit.

• Compared to other products like personal loans or credit cards, mort...read more

Banks offer various types of loans depending on the borrower's needs and eligibility.

• Personal loans

• Home loans

• Car loans

• Education loans

• Business loans

• Credit card loans

• Gold loans

• Loan against property

• Overdraft facility

HDFC stands for Housing Development Finance Corporation. CASA stands for Current Account Savings Account.

• HDFC is a leading financial institution in India that provides a range of financial products and services.

• It was founded in 1977 and is headquartered in Mumbai.

• CASA is a type of bank account that combines a current account and a savings account.

• It is a low-cost source of funds for banks and helps them to maintain a stable source of deposits.

• HDFC has a strong CASA ratio, wh...read more

A bank is a financial institution that accepts deposits from customers and creates credit by lending money.

• Banks provide financial services such as savings accounts, checking accounts, loans, and credit cards.

• They also facilitate transactions such as wire transfers, ATM withdrawals, and online banking.

• Banks play a crucial role in the economy by providing capital for businesses and individuals to invest and grow.

• Examples of banks include JPMorgan Chase, Bank of America, and We...read more

A bank is a financial institution that accepts deposits from the public and creates credit.

• Banks offer various financial services such as loans, credit cards, savings accounts, and investment opportunities.

• Banks are regulated by government authorities to ensure safety and stability.

• Banks use technology to provide online and mobile banking services for customers.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

HDFC was established in 1994.

• HDFC stands for Housing Development Finance Corporation.

• It was established on August 17, 1994.

• It is headquartered in Mumbai, India.

• HDFC is one of the largest private sector banks in India.