600+ Agon IT Solutions Interview Questions and Answers

Cash credit and bank overdraft are two types of short-term credit facilities offered by banks.

• Cash credit is a type of loan where the borrower is given a credit limit and can withdraw funds as needed, usually for working capital purposes.

• Bank overdraft is a facility where the borrower is allowed to withdraw more money than they have in their account, up to a certain limit.

• Both cash credit and bank overdraft are short-term credit facilities and are usually secured by collatera...read more

Article 3, 17, 28 in UCP 600

• Article 3: Examines documents for compliance with terms of credit

• Article 17: Bank is not liable for consequences of delay or error in transmission

• Article 28: Discrepancies in documents must be notified within 5 banking days

Working capital objectives are the goals a company sets to manage its current assets and liabilities effectively.

• Working capital objectives aim to ensure sufficient liquidity for day-to-day operations.

• It involves managing the balance between current assets (such as cash, inventory, accounts receivable) and current liabilities (such as accounts payable, short-term debt).

• Objectives may include optimizing cash flow, minimizing inventory holding costs, reducing accounts receivabl...read more

Banks offer a range of products to their customers including savings accounts, checking accounts, loans, credit cards, and investment products.

• Savings accounts

• Checking accounts

• Loans

• Credit cards

• Investment products

HDFC stands for Housing Development Finance Corporation.

• HDFC is a leading financial institution in India.

• It offers a range of financial products and services including banking, loans, insurance, and investments.

• HDFC was founded in 1977 and has since grown to become one of the largest banks in India.

• The bank has a strong focus on customer service and has won numerous awards for its performance.

• HDFC is known for its innovative products and services, such as its mobile banking a...read more

Clients can operate their accounts through online banking, mobile apps, ATMs, phone banking, and in-person at branches.

• Online banking

• Mobile apps

• ATMs

• Phone banking

• In-person at branches

Integrity is crucial in banking as it builds trust and credibility with customers and stakeholders.

• Integrity ensures that banks operate ethically and transparently.

• It helps to prevent fraud and corruption within the banking system.

• Customers are more likely to trust banks that prioritize integrity.

• Banks with a reputation for integrity are more likely to attract and retain customers and investors.

• Examples of integrity in banking include honest communication, fair treatment of c...read more

I would report the case to the relevant authorities and take necessary actions to prevent further fraud.

• Verify the authenticity of the ID proof

• Report the case to the authorities

• Take necessary actions to prevent further fraud

• Inform the concerned parties about the situation

• Conduct an investigation to identify any other fraudulent activities

Line of credit is a flexible borrowing arrangement between a borrower and a lender.

• It is a pre-approved loan amount that can be borrowed as needed.

• Interest is only charged on the amount borrowed, not the entire credit limit.

• It is often used by businesses to manage cash flow or for short-term financing.

• Examples include credit cards, home equity lines of credit, and business lines of credit.

The 3 key things for successful outbound sales are effective communication, persistence, and building relationships.

• Effective communication: Clear and concise communication is essential in outbound sales to convey the value proposition and address customer needs.

• Persistence: Outbound sales requires perseverance and the ability to handle rejection. It's important to follow up consistently and not give up easily.

• Building relationships: Developing strong relationships with prosp...read more

A router is a networking device that forwards data packets between computer networks.

• Routers operate at the network layer of the OSI model.

• They use routing tables to determine the best path for data packets to travel.

• Routers can connect different types of networks, such as LANs and WANs.

• Examples of routers include Cisco, Juniper, and TP-Link.

• Routers can provide security features such as firewalls and VPNs.

Backspace key is used to delete the character to the left of the cursor. Arrow keys are used to move the cursor in different directions.

• Backspace key is located at the top right corner of the keyboard and has a left-facing arrow on it.

• It is used to delete the character to the left of the cursor.

• Arrow keys are located at the bottom right corner of the keyboard and are used to move the cursor in different directions.

• The up arrow key moves the cursor up, the down arrow key moves...read more

I source files through various channels such as referrals, networking, and online platforms.

• Referrals from existing clients

• Networking with professionals in related fields

• Online platforms such as LinkedIn and industry-specific forums

• Attending industry events and conferences

• Collaborating with other Relationship Managers

• Utilizing company databases and resources

Marketing is creating awareness and interest in a product or service, while sales is the process of converting that interest into a purchase.

• Marketing focuses on creating demand, while sales focuses on fulfilling that demand.

• Marketing involves research, advertising, and promotion, while sales involves negotiation and closing deals.

• Marketing is a long-term strategy, while sales is a short-term tactic.

• Example: A company may use marketing to create interest in a new product, but...read more

Bank accounts can be classified into various types based on their features and usage.

• Savings account - for individuals to save money and earn interest

• Current account - for businesses to carry out transactions

• Fixed deposit account - for long-term savings with higher interest rates

• Recurring deposit account - for regular savings with fixed monthly deposits

• NRI account - for non-resident Indians to manage their finances in India

• Joint account - for two or more individuals to share ...read more

The mortgage product is more profitable to the bank.

• Mortgage loans typically have higher interest rates, resulting in more profit for the bank.

• Banks earn additional income through fees and charges associated with mortgage products.

• Mortgage loans have longer repayment terms, allowing the bank to earn interest over a longer period.

• The bank can also sell mortgage loans to investors, generating additional profit.

• Compared to other products like personal loans or credit cards, mort...read more

Relationship managers source new proposals through various methods.

• Networking and building relationships with potential clients

• Attending industry events and conferences to meet potential clients

• Utilizing online platforms and social media to connect with prospects

• Referrals from existing clients or business partners

• Cold calling and prospecting

• Analyzing market trends and identifying potential opportunities

• Collaborating with internal teams to identify cross-selling opportunities

• L...read more

The documentation process for opening a new current account for a Pvt Ltd Company involves several steps.

• The company needs to provide the necessary documents such as PAN card, certificate of incorporation, and address proof.

• The company needs to fill out the account opening form and sign the necessary agreements.

• The bank may also require additional documents such as board resolution and authorized signatory list.

• The bank will then verify the documents and may conduct a backgro...read more

A merger and acquisition is a corporate strategy involving the combination of two or more companies into a single entity.

• Mergers and acquisitions are commonly used to achieve growth, diversification, or synergy.

• A merger occurs when two companies agree to combine their operations and assets to form a new company.

• An acquisition happens when one company purchases another company, becoming its new owner.

• Mergers and acquisitions can be friendly or hostile, depending on the agreeme...read more

There are various types of accounts that can be opened depending on the customer's needs and preferences.

• Types of accounts include savings, checking, money market, CD, IRA, and credit card accounts.

• Each type of account has its own features, benefits, and requirements.

• For example, a savings account typically earns interest and has a lower minimum balance requirement than a checking account.

• An IRA account is designed for retirement savings and has tax advantages.

• A credit card a...read more

NPA stands for Non-Performing Assets, which are loans where the borrower has stopped making payments.

• NPA is a key indicator of the financial health of a bank

• As a Personal Banker, I can help reduce NPA by providing personalized financial advice to customers to ensure timely repayments

• I can also identify potential NPA accounts early on and work with customers to find solutions before they default

Types of loans include personal, home, auto, student, and business loans. Digitalisation has made banking more convenient and accessible for consumers.

• Personal loans are unsecured loans for personal expenses

• Home loans are used to purchase or refinance a home

• Auto loans are used to purchase a vehicle

• Student loans are used to pay for education expenses

• Business loans are used to finance business operations

• Digitalisation has allowed for online banking, mobile banking, and digital ...read more

A home equity loan is a type of loan where a borrower uses the equity in their home as collateral.

• Home equity loans allow homeowners to borrow money using the equity in their home as collateral.

• The loan amount is typically based on the difference between the home's current market value and the outstanding mortgage balance.

• Interest rates on home equity loans are usually lower than other types of loans because they are secured by the home.

• Home equity loans can be used for a var...read more

To verify a borrower's house, you can use various methods such as conducting property inspections, reviewing property documents, and checking property ownership records.

• Conduct property inspections to physically verify the existence and condition of the house.

• Review property documents like title deeds, sale agreements, and property tax receipts to ensure the borrower's ownership.

• Check property ownership records at the local land registry or government office to confirm the bo...read more

L/C stands for Letter of Credit. It is a financial document used in international trade to ensure payment between buyer and seller.

• L/C is a written commitment from a bank to pay the seller a specified amount of money upon presentation of certain documents.

• It is used to reduce the risk of non-payment for the seller and to ensure that the buyer receives the goods as agreed.

• L/Cs can be either revocable or irrevocable, and can be confirmed or unconfirmed.

• Revocable L/Cs can be cha...read more

HDFC Bank offers various benefits to its customers including high interest rates, cashback offers, and personalized services.

• High interest rates on savings and fixed deposit accounts

• Cashback offers on credit and debit card transactions

• Personalized services such as relationship managers and priority banking

• Easy access to loans and credit facilities

• Wide network of branches and ATMs for convenient banking

• Robust online and mobile banking platforms for seamless transactions

To mobilize Government funds to the Bank, I will follow a systematic approach.

• Identify the available Government funds and their allocation

• Understand the terms and conditions of the funds

• Prepare a proposal highlighting the benefits of investing in the Bank

• Present the proposal to the relevant Government authorities

• Negotiate the terms and conditions of the investment

• Ensure compliance with all legal and regulatory requirements

• Monitor the utilization of the funds and provide regul...read more

I worked under John Smith at XYZ Corp. and achieved KRA targets. Yes, I can take a stand in a competitive market.

• My previous supervisor was John Smith at XYZ Corp.

• I successfully achieved my KRA targets under his guidance.

• I am confident in my ability to take a stand in a competitive market.

• For example, at XYZ Corp. we faced tough competition from a new entrant in the market, but I worked with my team to develop a new marketing strategy that helped us maintain our market share.

I am familiar with Windows, macOS, and Linux desktop operating systems.

• Windows

• macOS

• Linux

ULIP policies have various charges like premium allocation, fund management, mortality, surrender, etc.

• Premium allocation charge is deducted from the premium paid and is a percentage of the premium

• Fund management charge is levied on the fund value and is a percentage of the same

• Mortality charge is deducted to provide life cover and is based on the age and sum assured

• Surrender charge is applicable if the policy is surrendered before the lock-in period

• Partial withdrawal charge ...read more

Market and marketing knowledge is crucial for a Sales Executive.

• Understanding target audience and their needs

• Competitor analysis and differentiation

• Pricing strategies and promotions

• Brand positioning and messaging

• Sales funnel and lead generation

• Digital marketing and social media

• Customer relationship management

• Measuring and analyzing marketing metrics

Section 13(8) of SARFAESI Act allows the borrower to appeal against the measures taken by the bank under the Act.

• Section 13(8) of SARFAESI Act states that the borrower can make an appeal to the Debt Recovery Tribunal (DRT) against the measures taken by the bank under the Act.

• The pre-requisites for issuing a demand notice under SARFAESI Act include the borrower defaulting on repayment of the loan, the bank classifying the loan as a non-performing asset (NPA), and the bank serv...read more

Notice period under section 138 of NI act and cause of action to file a case.

• Notice period under section 138 is 15 days from the date on which the payee receives the notice of dishonor.

• Cause of action to file a case under section 138 arises when the cheque is dishonored by the bank due to insufficient funds or other reasons.

• The payee must send a legal notice to the drawer within 30 days of dishonor of the cheque to give them an opportunity to make the payment.

• If the drawer fa...read more

NCLT is a quasi-judicial body that adjudicates insolvency and company law cases. Financial creditors are defined under Section 5(7) of the Insolvency and Bankruptcy Code, 2016.

• NCLT stands for National Company Law Tribunal.

• It is a quasi-judicial body established under the Companies Act, 2013.

• Financial creditors are defined under Section 5(7) of the Insolvency and Bankruptcy Code, 2016.

• The procedure of liquidation involves appointing a liquidator, realization of assets, and dis...read more

BRD is a document that outlines business requirements, while FRD is a document that outlines functional requirements.

• BRD focuses on the business needs and goals, while FRD focuses on the technical requirements to meet those needs.

• BRD is created by the business analyst, while FRD is created by the development team.

• BRD is used to communicate with stakeholders, while FRD is used to communicate with the development team.

• Examples of BRD include project scope, objectives, and const...read more

I can show you how this product can benefit you and meet your needs.

• Highlight the features and benefits of the product

• Explain how it can solve the customer's problem or meet their needs

• Provide examples of how other customers have benefited from the product

• Offer a trial or demo to show the product in action

• Address any concerns or objections the customer may have

This ball pen is a reliable writing instrument with smooth ink flow, perfect for everyday use.

• The ball pen has a comfortable grip for extended writing sessions.

• It comes in a sleek design with a durable plastic body.

• The pen uses high-quality ink that dries quickly to prevent smudging.

• Great value for money at just 50 rupees.

• Perfect for students, professionals, and anyone in need of a reliable pen.

Assets are resources owned by a company while liabilities are debts owed by a company.

• Assets are things that a company owns and has value, such as property, equipment, and cash.

• Liabilities are debts that a company owes to others, such as loans, accounts payable, and taxes.

• The difference between assets and liabilities is known as equity or net worth.

• A company's balance sheet shows its assets, liabilities, and equity.

Negotiable instruments can be transferred to a third party while non-negotiable instruments cannot.

• Negotiable instruments are transferable to a third party without affecting its validity

• Non-negotiable instruments cannot be transferred to a third party

• Examples of negotiable instruments include checks, promissory notes, and bills of exchange

• Examples of non-negotiable instruments include receipts, invoices, and purchase orders

One of the banking products is a savings account which offers interest on deposited money.

• Savings account: offers interest on deposited money

• Checking account: for everyday transactions

• Credit card: allows customers to borrow money for purchases

• Personal loan: for larger expenses

• Mortgage: for purchasing a home

• Investment products: such as stocks, bonds, and mutual funds

• Pitch a banking product: Our high-yield savings account offers a competitive interest rate and no monthly fees.

The founder of HDFC Bank is Hasmukhbhai Parekh.

• Hasmukhbhai Parekh is the founder of HDFC Bank.

• He established HDFC Bank in 1994.

• Under his leadership, HDFC Bank became one of the largest private sector banks in India.

• Hasmukhbhai Parekh played a crucial role in shaping the bank's vision and growth.

To convince customers, I focus on building trust, understanding their needs, providing solutions, and offering exceptional customer service.

• Build trust by being honest, transparent, and reliable.

• Listen actively to understand the customer's needs and concerns.

• Offer personalized solutions that address their specific requirements.

• Provide exceptional customer service by being responsive, knowledgeable, and going the extra mile.

• Demonstrate the value and benefits of the product or ...read more

EDPMS & IDPMS are software systems used in Indian government for monitoring and evaluation of development projects.

• EDPMS stands for Electronic Development Project Monitoring System

• IDPMS stands for Integrated Development Project Monitoring System

• Both systems are used by Indian government for monitoring and evaluation of development projects

• EDPMS is used for monitoring centrally sponsored schemes while IDPMS is used for state sponsored schemes

Loan grading is a process of evaluating the creditworthiness of a borrower and assigning a risk rating to the loan.

• Loan grading helps lenders to assess the risk associated with a loan and make informed decisions.

• It involves analyzing various factors such as the borrower's credit history, financial statements, collateral, and industry trends.

• The grading system typically ranges from A to D, with A being the lowest risk and D being the highest.

• For example, a borrower with a good...read more

Banks earn profit through various means such as interest on loans, fees, and investments.

• Interest on loans and credit cards

• Fees for services such as ATM usage, overdrafts, and wire transfers

• Investments in stocks, bonds, and other financial instruments

• Charging higher interest rates on loans than they pay on deposits

• Foreign exchange transactions

• Mortgage banking

• Credit card interchange fees

• Merchant services

• Wealth management services

Implemented automation tools to streamline processes, upgraded hardware and software, and optimized network performance.

• Introduced automation tools such as Ansible to automate repetitive tasks and improve efficiency

• Upgraded hardware components such as servers and storage devices to enhance performance

• Implemented software updates and patches to ensure system security and stability

• Optimized network configurations to improve speed and reliability

• Conducted regular performance mon...read more

I would conduct user research to identify reasons for decline, update app features based on feedback, and launch targeted marketing campaigns.

• Conduct user research to identify reasons for decline

• Update app features based on feedback from users

• Launch targeted marketing campaigns to promote app engagement

• Collaborate with the development team to implement new features and improvements

• Analyze data to track the impact of changes on app engagement

Lending policies are guidelines set by financial institutions to determine who can borrow money and under what conditions.

• Lending policies are based on factors such as credit score, income, debt-to-income ratio, and collateral.

• Financial institutions use lending policies to manage risk and ensure that borrowers are able to repay their loans.

• Lending policies may vary depending on the type of loan and the institution offering it.

• For example, a mortgage lender may have stricter l...read more

The current finance minister of Nepal is Janardan Sharma.

• Janardan Sharma was appointed as the finance minister of Nepal in July 2021.

• He is a member of the Communist Party of Nepal (Maoist Centre).

• Janardan Sharma has previously served as the Minister of Energy, Water Resources, and Irrigation in Nepal.

Banks offer various types of loans depending on the borrower's needs and eligibility.

• Personal loans

• Home loans

• Car loans

• Education loans

• Business loans

• Credit card loans

• Gold loans

• Loan against property

• Overdraft facility

The revenue generated for a month and yearly target depends on various factors such as market conditions, customer base, and product offerings.

• The revenue generated can vary based on the size of the customer base and the products offered.

• Market conditions can also play a significant role in determining revenue.

• Yearly targets are typically set based on past performance and growth projections.

• Monthly revenue targets are often broken down from the yearly target.

• Sales strategies ...read more

Yes, I am familiar with casa, fd, mutual fund SIP, and other investment options.

• CASA stands for Current Account Savings Account, which are basic banking products for individuals and businesses.

• FD refers to Fixed Deposits, a type of investment where a sum of money is deposited in a bank for a fixed period of time at a fixed interest rate.

• Mutual Fund SIP (Systematic Investment Plan) is a method of investing a fixed sum regularly in mutual funds to take advantage of rupee cost a...read more

Cheques and currency have various security features to prevent counterfeiting and fraud.

• Cheques may have watermarks, holograms, or special inks to prevent alteration or duplication.

• Currency may have security threads, microprinting, or color-shifting ink to deter counterfeiters.

• Both cheques and currency may have serial numbers or other unique identifiers to track authenticity.

• Advanced security features like biometric authentication or blockchain technology may also be used.

• Reg...read more

Yes, I have a car and I am willing to travel to my set of branches.

• Yes, I have a car and can travel to branches for meetings and sales visits.

• I am comfortable with driving long distances if required.

• Having a car allows me to be flexible with my schedule and reach branches efficiently.

Rules of collection that a Collections Manager should know

• Know and follow all relevant laws and regulations regarding debt collection

• Maintain accurate records of all communication and transactions with debtors

• Treat debtors with respect and professionalism at all times

• Ensure that all collection efforts are ethical and compliant with company policies

• Use effective communication and negotiation skills to reach payment agreements

• Understand and adhere to the Fair Debt Collection Pr...read more

To be a top of the table in this Bank, we need to focus on improving customer service, increasing efficiency, and implementing innovative technologies.

• Enhance customer service by providing personalized experiences and quick responses to inquiries

• Increase efficiency by streamlining processes and reducing operational costs

• Implement innovative technologies such as AI and automation to improve productivity and enhance security measures

Compliance in banking refers to adhering to laws, regulations, and ethical standards to ensure the safety and soundness of the financial system.

• Compliance involves identifying and managing risks associated with money laundering, terrorist financing, and other financial crimes.

• Banks must comply with various laws and regulations such as the Bank Secrecy Act, Anti-Money Laundering (AML) laws, and the USA PATRIOT Act.

• Compliance also involves ensuring fair lending practices and pr...read more

I would handle customers over the call by actively listening, empathizing, providing solutions, and ensuring customer satisfaction.

• Active listening to understand customer needs and concerns

• Empathizing with customers to show understanding and build rapport

• Providing solutions or options to address customer issues or inquiries

• Ensuring customer satisfaction by following up on resolutions and offering assistance

• Maintaining a positive and professional attitude throughout the call

Cost optimization in DevOps is achieved through efficient resource utilization, automation, and continuous monitoring.

• Implementing auto-scaling to dynamically adjust resources based on demand

• Using containerization to maximize resource utilization and reduce costs

• Leveraging cloud services for pay-as-you-go pricing model

• Implementing cost monitoring tools to identify and eliminate wasteful spending

• Optimizing code and infrastructure for efficiency and performance

• Consolidating and...read more

Multicollinearity is a phenomenon where two or more independent variables in a regression model are highly correlated.

• It can lead to unstable and unreliable estimates of regression coefficients.

• It can make it difficult to determine the individual effect of each independent variable on the dependent variable.

• It can also result in inflated standard errors and p-values, making it difficult to identify statistically significant variables.

• It can be detected using methods such as c...read more

Common ways to operate a bank account include online banking, mobile banking, ATM transactions, and in-person transactions.

• Online banking through the bank's website or mobile app

• Mobile banking through the bank's mobile app

• ATM transactions for deposits, withdrawals, and transfers

• In-person transactions at a bank branch or through a teller

• Direct deposit for regular income

• Automatic bill pay for recurring expenses

Interest coverage ratio is a financial metric that measures a company's ability to pay interest expenses on its debt.

• It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses.

• A higher interest coverage ratio indicates that a company is more capable of paying its interest expenses.

• A lower interest coverage ratio may indicate that a company is at risk of defaulting on its debt.

• Investors and creditors use this ratio to assess a c...read more

The culture in CD Loan Department is focused on teamwork, efficiency, and customer satisfaction.

• Collaboration and communication are highly valued

• Employees are encouraged to take ownership of their work

• Customer needs are prioritized

• Continuous improvement is emphasized

• Positive and supportive work environment

Eligibility for Working Capital is calculated based on various factors such as credit score, cash flow, collateral, and industry type.

• Credit score is an important factor in determining eligibility for working capital loans.

• Cash flow is also considered as it shows the ability to repay the loan.

• Collateral can increase the chances of approval and may also affect the interest rate.

• Industry type can also play a role in eligibility as some industries are considered riskier than oth...read more

The P/E ratio is calculated to assess the relative value of a company's stock by comparing its price to its earnings.

• P/E ratio helps investors determine if a stock is overvalued or undervalued.

• A high P/E ratio suggests that investors have high expectations for future earnings growth.

• A low P/E ratio may indicate that a stock is undervalued or that the company is facing challenges.

• P/E ratio is commonly used in fundamental analysis to compare companies within the same industry.

• F...read more

The bank has historically focused on conservative investments and has recently expanded into digital banking services.

• Historically focused on conservative investments to minimize risk

• Recently expanded into digital banking services to cater to changing customer preferences

• Has a strong presence in the mortgage and lending market

• Has been actively involved in mergers and acquisitions to expand market share

Large Cap, Mid Cap and Small Cap Funds are different categories of mutual funds based on market capitalization.

• Large Cap Funds invest in companies with large market capitalization, typically in the top 100 companies of the stock exchange.

• Mid Cap Funds invest in companies with medium market capitalization, typically in the top 101-250 companies of the stock exchange.

• Small Cap Funds invest in companies with small market capitalization, typically in the top 251-500 companies of ...read more

Digital banking is expected to grow significantly in the coming years, with AI playing a crucial role in credit underwriting processes.

• Digital banking is projected to expand due to increasing customer demand for convenient and efficient banking services.

• AI integration in credit underwriting can streamline the process by analyzing large amounts of data quickly and accurately.

• AI algorithms can assess credit risk more effectively than traditional methods, leading to better decis...read more

In the Consumer Durable Loan department, customers are managed by providing personalized assistance, efficient loan processing, and excellent customer service.

• Offer personalized assistance to customers based on their specific needs and financial situation

• Ensure efficient loan processing by collecting and verifying all necessary documents

• Provide clear and transparent information about loan terms, interest rates, and repayment options

• Offer competitive loan rates and flexible re...read more

Trade finance operations involve financing and managing international trade transactions.

• It includes issuing letters of credit, providing export financing, and managing risk.

• Banks and financial institutions are major players in trade finance operations.

• Trade finance operations help facilitate global trade and reduce financial risks for businesses.

• Examples of trade finance instruments include bills of exchange, bank guarantees, and documentary collections.

Fund based lending involves actual transfer of funds to borrower, while non fund based lending involves guarantee or letter of credit.

• Fund based lending involves direct transfer of funds to borrower for use, such as term loans or working capital loans

• Non fund based lending involves providing guarantee or letter of credit to borrower without actual transfer of funds

• Examples of fund based lending include cash credit facilities, overdrafts, and term loans

• Examples of non fund bas...read more

Containerization is extensively used in our environment for efficient deployment and scaling of applications.

• We use Docker containers to package and deploy our applications

• Containerization helps in isolating applications and their dependencies

• It enables us to easily scale our applications horizontally

• We use Kubernetes for container orchestration and management

• Containerization has improved our deployment speed and reliability

Check points for assessing loan proposals include financial stability, credit history, repayment capacity, collateral, and purpose of the loan.

• Financial stability of the borrower

• Credit history of the borrower

• Repayment capacity of the borrower

• Collateral provided by the borrower

• Purpose of the loan

Liability is a debt or obligation, asset is a resource with economic value, and INS may refer to insurance.

• Liability is something that a person or company owes to someone else, such as a loan or unpaid bill.

• Asset is something that a person or company owns that has value, such as property, equipment, or investments.

• INS may refer to insurance, which is a contract between an individual or organization and an insurance company to protect against financial loss.

• Examples of liabili...read more

BG stands for Bank Guarantee in capital market.

• BG is a type of financial instrument used to secure a loan or transaction.

• It is issued by a bank on behalf of a customer to guarantee payment to a third party.

• BGs are commonly used in international trade and project financing.

• They can be either performance-based or financial-based guarantees.

• BGs can be either cash-backed or non-cash-backed.

• BGs are often required by lenders or investors as a form of security.

• BGs can be expensive t...read more

Current client base consists of high net worth individuals and small businesses. Acquiring new clients through networking events, referrals, and targeted marketing strategies.

• Current client base includes high net worth individuals and small businesses

• Acquiring new clients through networking events

• Acquiring new clients through referrals

• Acquiring new clients through targeted marketing strategies

Joins are used to combine data from two or more tables based on a related column.

• Types of joins include inner join, left join, right join, and full outer join.

• Inner join returns only the matching rows from both tables.

• Left join returns all rows from the left table and matching rows from the right table.

• Right join returns all rows from the right table and matching rows from the left table.

• Full outer join returns all rows from both tables, with NULL values for non-matching rows...read more

Collections involve the process of recovering unpaid debts, while banking collections specifically refer to the recovery of debts related to banking services.

• Collections involve contacting debtors to recover unpaid debts

• Banking collections focus on recovering debts related to banking services such as loans or credit cards

• Collections managers oversee the process of debt recovery and may work with legal teams if necessary

One of the latest computer processors is the AMD Ryzen 9 5950X.

• AMD Ryzen 9 5950X is a high-performance processor released in 2020

• It features 16 cores and 32 threads for multitasking and heavy workloads

• The processor is based on AMD's Zen 3 architecture, offering improved performance and efficiency

My rapport with this bank benefits from my strong communication skills, sales experience, and ability to build relationships with clients.

• Strong communication skills help me effectively convey information to clients and colleagues

• Sales experience allows me to understand the needs of customers and offer appropriate solutions

• Ability to build relationships with clients leads to trust and loyalty, increasing sales and customer satisfaction

The bank sells various financial products such as savings accounts, loans, credit cards, insurance, and investment options.

• Savings accounts with different interest rates and features

• Personal and business loans with varying terms and conditions

• Credit cards with rewards and cashback programs

• Insurance policies for life, health, and property

• Investment options such as mutual funds and fixed deposits

Selling a home in poor condition

• Selling a home in poor condition can be challenging

• The seller may need to disclose the condition of the home to potential buyers

• The seller may need to adjust the asking price to account for the poor condition

• The seller may need to make repairs or renovations to attract buyers

• Marketing the home's potential and highlighting its unique features can help overcome the poor condition

Banking offers a dynamic and challenging work environment with opportunities for growth and development.

• Banking is a constantly evolving industry that requires adaptability and problem-solving skills.

• Working in banking provides opportunities for career advancement and professional development.

• Banking also offers the chance to work with a diverse range of clients and industries.

• The industry is essential to the functioning of the economy and provides a sense of purpose in contr...read more

Interbank deposit is a transaction where one bank deposits funds into another bank's account.

• Interbank deposit is a common practice among banks to manage their liquidity.

• It helps banks to earn interest on their excess funds.

• Banks can also borrow from other banks through interbank deposits.

• Interbank deposits are usually short-term and can be withdrawn on demand.

• For example, Bank A deposits $10 million into Bank B's account for a period of 30 days at an agreed interest rate.

Banking involves financial transactions, loans, investments, and managing customer accounts.

• Banking is the business of accepting deposits and lending money

• Banks offer various types of accounts such as savings, current, and fixed deposits

• They provide loans for personal, business, and educational purposes

• Banks also offer investment options such as mutual funds, stocks, and bonds

• Customer service is an important aspect of banking

• Examples of banks include JPMorgan Chase, Bank of A...read more

Advance payment limit is the maximum amount a customer can pay in advance. If breached, action must be taken to rectify the situation.

• Advance payment limit is set to ensure that customers do not overpay for goods or services.

• If a customer breaches the limit, they must be notified immediately and asked to rectify the situation.

• The action taken will depend on the company's policy and the severity of the breach.

• Examples of actions that can be taken include suspending further ord...read more

The candidate should have a strong knowledge of banking audit and compliance.

• The candidate should be familiar with banking regulations and guidelines.

• They should have experience in conducting audits and ensuring compliance.

• They should be able to identify and mitigate potential risks.

• Knowledge of anti-money laundering (AML) and know your customer (KYC) regulations is essential.

• Experience in implementing and maintaining internal controls is a plus.

Points to check in CIBIL report include credit score, payment history, credit utilization, and credit inquiries.

• Credit score: Check if the score is within the acceptable range.

• Payment history: Ensure all payments are made on time and there are no defaults.

• Credit utilization: Verify the percentage of credit limit being used.

• Credit inquiries: Check for any recent inquiries which may impact the credit score.

Fake notes can be detected by checking for security features and using special equipment.

• Check for watermarks, security threads, and color-shifting ink

• Use UV lights to check for fluorescent markings

• Use counterfeit detection pens to check for chemical reactions

• Compare the note to a genuine one for differences in texture and design

• Use currency counting machines with counterfeit detection capabilities

• Train employees on how to detect fake notes

Repo rate is the rate at which the central bank of a country lends money to commercial banks.

• Repo rate stands for 'repurchase rate'.

• It is used by central banks to control inflation and liquidity in the economy.

• When the repo rate is increased, borrowing becomes more expensive and reduces the money supply.

• When the repo rate is decreased, borrowing becomes cheaper and increases the money supply.

• For example, if the repo rate is 5%, a commercial bank can borrow Rs. 100 crore from ...read more

There are several types of accounts in finance, including savings, checking, investment, and credit accounts.

• Savings accounts are used to store money and earn interest.

• Checking accounts are used for everyday transactions and often come with a debit card.

• Investment accounts are used to buy and sell stocks, bonds, and other securities.

• Credit accounts allow individuals to borrow money and make purchases on credit.

• Other types of accounts include retirement accounts, such as 401(k...read more

Term loan is a fixed amount of loan taken for a specific period while OD is a flexible loan that can be used as per requirement.

• Term loan has a fixed repayment schedule while OD has no fixed repayment schedule.

• Interest is charged on the entire amount of term loan while interest is charged only on the amount used in OD.

• Term loan is ideal for long-term investments while OD is ideal for short-term cash flow needs.

• Examples of term loan include home loan, car loan, etc. while exam...read more

Current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. Leverage ratio measures a company's debt level.

• Current ratio = Current assets / Current liabilities

• Leverage ratio = Total debt / Total assets

• Current ratio shows the liquidity of a company

• Leverage ratio shows the financial risk of a company

• A higher current ratio is better, while a higher leverage ratio indicates higher risk

• For example, a company with a current ratio of 2:1 ...read more

If customer does not answer the call, I leave a voicemail and send a follow-up text or email.

• Leave a voicemail with a polite message requesting a call back

• Send a follow-up text or email with the same message

• Attempt to call again at a later time if necessary

I have a strong technical background in data analysis and a deep understanding of banking operations, which will enable me to provide valuable insights and solutions for growth.

• Proficient in data analysis tools such as SQL, Python, and Excel to extract and analyze financial data for insights and trends

• Familiar with banking processes and regulations, allowing me to identify areas for improvement and efficiency

• Experience in developing financial models and forecasting techniques...read more

Data structure refers to organizing and storing data in a computer so that it can be accessed and used efficiently.

• Common data structures include arrays, linked lists, stacks, queues, trees, and graphs.

• Algorithms are step-by-step procedures for solving a problem, often using data structures.

• Examples of algorithms include sorting algorithms (e.g. bubble sort, quicksort), search algorithms (e.g. binary search), and graph traversal algorithms (e.g. depth-first search, breadth-fi...read more

To improve business for CV Finance in HDFC, I would focus on expanding the customer base, offering competitive interest rates, and enhancing customer service.

• Expand customer base by targeting new demographics and industries

• Offer competitive interest rates to attract more borrowers

• Enhance customer service by providing personalized assistance and quick response times

Life insurance provides financial protection to beneficiaries in case of policyholder's death. Mutual funds pool money from multiple investors to invest in securities. Health insurance covers medical expenses.

• Life insurance provides a lump sum payment to beneficiaries upon the death of the policyholder.

• Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, or other securities.

• Health insurance covers medical expenses such as do...read more