HDFC Bank fresher Interview Questions and Answers for Experienced

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

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

• They also offer investment services like mutual funds and stocks.

• Banks make money by charging interest on loans and by investing the deposits they receive.

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

Credit is a financial term that refers to the ability of a borrower to obtain goods or services before payment, based on trust.

• Credit is a form of borrowing money or obtaining goods or services with the promise to pay for them in the future.

• It is based on trust and the belief that the borrower will fulfill their payment obligations.

• Credit can be provided by banks, financial institutions, or individual lenders.

• Examples ...read more