10+ Tata Advanced Systems Interview Questions and Answers

Yes, I can achieve all parameters required by the bank as per current market conditions.

• I have a strong understanding of the current market conditions and banking industry trends.

• I am familiar with the parameters set by the bank and have the necessary skills and knowledge to meet them.

• I have a proven track record of achieving targets and meeting performance metrics in my previous roles.

• I continuously stay updated with market changes and adapt my strategies accordingly.

• I am co...read more

MCLR stands for Marginal Cost of Funds based Lending Rate.

• MCLR is the minimum interest rate that a bank can lend at.

• It is based on the bank's own cost of funds and is reviewed monthly.

• MCLR replaced the base rate system in April 2016.

• It is used to calculate the interest rate on loans such as home loans, personal loans, etc.

A mutual fund is a type of investment vehicle made up of a pool of money collected from many investors to invest in securities.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of the shares increases or decreases based on the performance of the underlying securities

• Mutual funds offer diversification and convenience for investors

• Examples of mutual fund companies include Vanguard, Fidelity, and BlackRock

RTGS stands for Real Time Gross Settlement.

• RTGS is a system for transferring funds from one bank to another on a real-time basis.

• It is used for high-value transactions that require immediate clearance.

• The minimum amount for RTGS transactions is usually Rs. 2 lakh in India.

• RTGS is a secure and reliable way of transferring funds.

• It is faster than NEFT (National Electronic Funds Transfer) and IMPS (Immediate Payment Service).

Interest in savings account is calculated based on the account balance and the interest rate.

• Interest is calculated on the daily or monthly balance of the account.

• The interest rate is set by the bank and can vary depending on the account type and balance.

• The interest earned is added to the account balance at the end of the month or quarter.

• The formula for calculating interest is: Interest = (Principal x Rate x Time) / 100

• For example, if the account balance is $10,000 and the ...read more

ULIP plans offer investment and insurance benefits, while traditional plans only offer insurance benefits.

• ULIPs offer flexibility in investment options and allow policyholders to switch between funds

• Traditional plans have fixed returns and do not offer investment options

• ULIPs have higher charges and fees compared to traditional plans

• Traditional plans have longer lock-in periods compared to ULIPs

• ULIPs offer tax benefits under Section 80C and Section 10(10D) of the Income Tax A...read more

The current repo rate is the rate at which the central bank lends money to commercial banks.

• Repo rate is short for repurchase rate.

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

• In India, the current repo rate as of August 2021 is 4.00%.

• A change in repo rate can affect interest rates on loans and deposits.

• It is an important indicator for investors and economists.

Relationship Officers are responsible for building and maintaining relationships with clients to ensure customer satisfaction and retention.

• Develop and maintain relationships with clients to understand their needs and provide appropriate solutions

• Act as a point of contact for clients, addressing any concerns or issues they may have

• Cross-sell or upsell products and services to existing clients to increase revenue

• Monitor client accounts and provide regular updates on their stat...read more

I have no previous li targets as I am a fresher.

• I am a fresher and have not worked in this role before.

• As a fresher, I am eager to learn and grow in this role.

• I am excited to take on new challenges and achieve success in this position.

Bait currency is a type of currency used to attract customers to a business or product.

• Bait currency is often offered as a promotion or discount to entice customers to make a purchase.

• It is usually a small amount of money or a gift card that can be redeemed at the business.

• The goal of bait currency is to get customers in the door and encourage them to spend more money.

• Examples of bait currency include a $5 gift card with a purchase of $50 or more, or a free appetizer with the...read more