HDFC Bank Relationship Wealth Manager Interview Questions and Answers

Q1. Existing job profile
Ans. 
I am currently working as a Wealth Relationship Manager at a financial institution.
• Responsible for managing a portfolio of high net worth clients

• Providing personalized financial advice and investment solutions

• Building and maintaining strong client relationships

• Monitoring market trends and economic indicators

• Collaborating with other departments to meet client needs
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Q2. Overall banking knowledge
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Q1. What is your notice period
Ans. 
My notice period is 3 months.
• My notice period is 3 months

• I am required to give a 3-month notice before leaving my current position

• I need to serve a notice period of 3 months
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Q2. Ctc in current company
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My current CTC is confidential and I am not at liberty to disclose it.
• I am unable to disclose my current CTC as it is confidential information.

• I am bound by company policy to not disclose my current CTC.

• I can provide information on my expected salary or salary range for this role.
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Q1. WHY DO YOU WANT TO JOIN ICICI
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Q2. HOW DOES YOUR EXPERIENCE TRANSLATES TO BANKING
Ans. 
My experience in relationship management and financial planning directly translates to banking by helping clients achieve their financial goals.
• Strong background in financial planning and wealth management

• Proven track record of building and maintaining client relationships

• Ability to analyze financial data and provide strategic advice

• Experience in developing personalized financial plans for clients

• Knowledge of banking p
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Q1. Tell me about your self
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Q2. Tell me about your family background
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Q3. Tell me about your honours paper
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Q4. What is rapo rate
Ans. 
Repo rate is the rate at which the central bank of a country lends money to commercial banks.
• Repo rate is used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means that banks will borrow less money from the central bank, leading to less money in circulation and potentially lower inflation.

• Conversely, a lower repo rate encourages banks to borrow more money, increasing liquidity in ...read more
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Q5. What is profit and loss account
Ans. 
A profit and loss account is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time.
• It shows the company's financial performance by detailing the total revenue generated and the expenses incurred.

• The difference between the revenue and expenses is the net profit or loss for the period.

• It helps in assessing the profitability and financial health of a business.

• Com...read more
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LRDI , basic general knowledge

Q1. Banking product related
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Q2. Sales experience related
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Q3. Why should we hire you
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Q1. Why you are changing the job
Ans. 
Seeking new challenges and growth opportunities in a different environment.
• Desire for new challenges and growth

• Opportunity for career advancement

• Seeking a better work-life balance

• Interest in a different industry or specialization
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Q2. For the growth,
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Q1. Why do you want to join us
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Q2. Why are you leaving previous job
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Q3. What if you’re not able to handle in 6 months
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Q1. Notice period in days
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Q2. Last Rating details shall be asked
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It was formal discussion of my existing company job and responsibilities

Q1. It was with one of the senior who discussed about the market, customer needs, products and more
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Group of 10 candidates where a basic topic (like social media, empathy,etc) will be discussed. Candidates should express there views on the given topic.

Q1. Repo rate, Bank rate, reverse repo rate, etc
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Q2. Personal hobbies, family background and flexibility in job like relocating any part of India.
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