Jana Small Finance Bank Business Development Executive Interview Questions and Answers

Term insurance is a type of life insurance that provides coverage for a specified period of time.

• Term insurance offers financial protection to the insured's family in case of the insured's death during the policy term.

• It is more affordable compared to other types of life insurance such as whole life or universal life insurance.

• Term insurance does not have a cash value component, making it a pure protection plan.

• It is useful for individuals who want to ensure financial securit...read more

I utilize a combination of networking, cold calling, and attending industry events to acquire new accounts.

• Networking with industry professionals to generate leads

• Cold calling potential clients to pitch our services

• Attending industry events and conferences to meet potential clients face-to-face

• Utilizing social media platforms to connect with prospects

• Offering promotions or discounts to attract new accounts

I have consistently met and exceeded insurance targets in my previous roles.

• I have a proven track record of meeting and exceeding insurance targets in my previous positions

• I am skilled at identifying potential clients, building relationships, and closing deals to meet targets

• I am confident in my ability to fulfill insurance targets through strategic planning and effective sales techniques

Documents required for Private limited company formation

• Memorandum of Association (MOA)

• Articles of Association (AOA)

• Certificate of Incorporation

• PAN Card of the company

• Identity and address proof of directors

• Address proof of registered office

• Board resolution for opening bank account

• Declaration of compliance

• Share certificate

• Common seal (optional)

Marketing is the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

• Marketing involves identifying customer needs and wants

• Developing products or services to meet those needs and wants

• Promoting those products or services to potential customers

• Selling the products or services to customers

• Building and maintaining relationships with customers

• Examples include advertising, public relations...read more

Small banking refers to banking services provided by smaller financial institutions with a limited scope compared to larger banks.

• Small banking institutions typically have fewer branches and offer more personalized customer service.

• They may focus on serving specific communities or niche markets.

• Examples of small banking institutions include credit unions, community banks, and online-only banks.

• Small banks may have lower fees and more flexibility in lending decisions compared ...read more

A short term loan is a type of loan that is typically repaid within a year or less.

• Short term loans are often used by businesses to cover temporary cash flow issues or unexpected expenses.

• Interest rates on short term loans are usually higher than long term loans.

• Examples of short term loans include payday loans, cash advances, and lines of credit.

I could acquire accounts through networking, cold calling, attending industry events, and leveraging social media.

• Networking with industry professionals and potential clients

• Cold calling to introduce our services and schedule meetings

• Attending industry events to meet potential clients and partners

• Leveraging social media platforms to reach out to prospects

• Offering promotions or discounts to attract new accounts