ICICI Bank Credit Processing Associate Interview Questions and Answers

The required documents for retail products depend on the type of product being offered.

• For loans, documents such as income proof, identity proof, and address proof are required.

• For credit cards, documents such as identity proof, address proof, and income proof are required.

• For savings accounts, documents such as identity proof, address proof, and PAN card are required.

• The specific documents required may vary depending ...read more

Micro loan is a small amount of money lent to individuals or businesses with low income or poor credit history.

• Micro loans are typically less than $50,000.

• They are often used to start or expand small businesses.

• Micro loans are usually provided by non-profit organizations or government agencies.

• The interest rates on micro loans are typically higher than traditional loans.

• Micro loans are often given to people who would n...read more

NEFT and RTGS are electronic funds transfer systems used in banking.

• NEFT stands for National Electronic Funds Transfer and RTGS stands for Real Time Gross Settlement.

• NEFT is used for transferring funds up to a certain limit, typically with a time delay, while RTGS allows for immediate and real-time transfer of large amounts.

• NEFT operates in hourly batches, while RTGS operates continuously throughout the working hours o...read more