HDFC Bank Executive Manager Interview Questions, Process, and Tips

To open a bank account, a person typically needs identification documents, proof of address, and a completed application form.

• Identification documents such as a passport, driver's license, or national ID card

• Proof of address, such as a utility bill or bank statement

• Completed application form provided by the bank

• Additional documents may be required depending on the bank's policies, such as proof of income or employment

Annual Percentage Rate (APR) is the annualized interest rate charged on loans or credit cards.

• APR represents the cost of borrowing, including both the interest rate and any additional fees or charges.

• It is expressed as a percentage and helps borrowers compare different loan options.

• APR takes into account the compounding of interest over a year, making it a more accurate measure of the true cost of borrowing.

• For example...read more

The debit income ratio is a financial metric that measures the proportion of a company's income that is used to cover its debt obligations.

• The debit income ratio is calculated by dividing a company's total debt by its net income.

• A higher debit income ratio indicates that a larger portion of the company's income is being used to service its debt.

• A lower debit income ratio suggests that the company has a healthier financ...read more

Loan grading is a process of assessing the creditworthiness of a borrower and assigning a grade or rating to their loan.

• Loan grading helps lenders evaluate the risk associated with a loan.

• It involves analyzing various factors such as the borrower's credit history, income, collateral, and financial stability.

• Grades or ratings are typically assigned using a scale, such as A to F, with A representing the lowest risk and F...read more

Non-performing assets (NPAs) are assets of a company that are not generating income or are not expected to generate income in the future.

• Non-performing assets refer to loans or advances given by the company that have stopped generating interest or principal repayments.

• These assets are typically classified as NPAs when the borrower fails to make payments for a specified period, usually 90 days or more.

• Examples of non-pe...read more