HDFC Bank Deputy Manager Authorizer Interview Questions and Answers for Experienced

Highlight the benefits of investing in stocks and mutual funds over FDs for senior citizens.

• Explain how inflation can erode the value of their savings in FDs over time

• Emphasize the potential for higher returns in the long run with stocks and mutual funds

• Highlight the tax benefits of investing in equity-linked savings schemes (ELSS)

• Assure them that investing in stocks and mutual funds can be done safely with proper rese...read more

For long-term investment in mutual funds, recommended funds are diversified equity funds and balanced funds. To get regular payouts from growth funds, one can opt for systematic withdrawal plans (SWP).

• Recommended funds for long-term investment: diversified equity funds and balanced funds

• Diversified equity funds provide exposure to a wide range of stocks, offering potential for higher returns

• Balanced funds invest in a m...read more

Mutual Funds in India have captured around 14% of the total assets under management in the financial market.

• Mutual Funds in India have grown significantly in the past decade.

• As of March 2021, the total assets under management (AUM) of the mutual fund industry in India stood at INR 32.17 trillion (USD 430 billion).

• This is around 14% of the total assets under management in the financial market.

• The market capture of mutua...read more

Yes, I am confident in representing Bandhan as a big brand by showcasing its unique offerings and exceptional customer service.

• I will highlight Bandhan's innovative products and services that set it apart from other banks.

• I will emphasize the bank's commitment to providing exceptional customer service.

• I will leverage my experience in the banking industry to showcase Bandhan's strengths and competitive advantages.

• I will...read more