HDFC Bank IT Business Analyst Interview Questions and Answers

Business Analyst domain involves analyzing data, identifying business needs, and recommending solutions to improve processes and systems.

• Analyzing data to identify trends and patterns

• Understanding business needs and requirements

• Developing strategies to improve processes and systems

• Collaborating with stakeholders to gather information and feedback

• Creating reports and presentations to communicate findings and recommendat

STP process in Loans involves automating the loan approval process to reduce manual intervention and improve efficiency.

• Implement automated loan application processing system

• Utilize decision-making algorithms to assess creditworthiness

• Integrate with credit bureaus for quick verification of applicant information

• Automate loan disbursement process to reduce processing time

Different types of loans include personal loans, home loans, auto loans, and business loans, each with specific criteria and terms.

• Personal loans are unsecured loans for personal use, often with higher interest rates.

• Home loans are secured loans used to purchase a home, with the home serving as collateral.

• Auto loans are used to finance the purchase of a vehicle, with the vehicle serving as collateral.

• Business loans are...read more

Small finance banks are financial institutions that provide basic banking services to small businesses and low-income individuals.

• Small finance banks focus on providing financial services to underserved and unserved sections of the population.

• They offer services such as savings accounts, fixed deposits, loans, and payment services.

• These banks have a minimum capital requirement of Rs. 200 crore.

• Examples of small finance...read more