Kotak Mahindra Bank Deputy Manager Interview Questions, Process, and Tips

Q1. How to sell anything
Ans. 
To sell anything, understand the customer's needs, highlight product benefits, build trust, overcome objections, and close the deal.
• Understand the customer's needs and preferences

• Highlight the unique features and benefits of the product

• Build trust with the customer through effective communication and honesty

• Overcome objections by addressing concerns and providing solutions

• Close the deal by asking for the sale and offer
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Q2. Insurance based
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Q1. Working experience
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Q2. Personal information
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Q1. Basic information
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Q2. Basic information and banking knowledge
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Q1. Tell Me About Yourself
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Q2. What Is The Achivement And Gols
Ans. 
My achievement is consistently exceeding sales targets and my goal is to further develop my leadership skills.
• Achievement: Exceeding sales targets consistently

• Goal: Develop leadership skills

• Example: Exceeded sales targets by 20% in the last quarter

• Example: Completed leadership training course to enhance skills
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Q1. Tell me about yourself?
Ans. 
Experienced professional with a background in management and a passion for team development.
• Over 5 years of experience in management roles

• Strong leadership skills demonstrated through successful team projects

• Passionate about mentoring and developing team members

• Proven track record of achieving targets and driving results
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Q2. Which was your ast organisation?
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Q1. How many account you open in a month in your previous organisation?
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Q2. We have less walkin as compared to HDFC . you have to go to field for cold calling ,you will comfortable?
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Q3. What is NEFT , RTGS ?
Ans. 
NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are electronic payment systems used for transferring funds between banks in India.
• NEFT is used for transferring funds up to a certain limit, typically with lower charges and settlement in batches.

• RTGS is used for transferring large amounts of funds with immediate settlement, typically with higher charges.

• NEFT operates in hourly batches whil...read more
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Q4. What was your last portfolio customer in amount ?
Ans. 
My last portfolio customer had a total amount of $500,000.
• The last portfolio customer had a total amount of $500,000

• The amount was a result of multiple investments and transactions

• The customer's portfolio included a mix of stocks, bonds, and mutual funds
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Q1. Tell me about yourself
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Persentage medium level

Q1. Tell me about yourself.
Ans. 
Experienced professional with a background in management and a proven track record of leading teams to success.
• Over 5 years of experience in management roles

• Strong leadership skills demonstrated through successful team projects

• Excellent communication and problem-solving abilities

• Bachelor's degree in Business Administration from XYZ University
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Q2. Current account vs Saving account
Ans. 
Current account is for frequent transactions while saving account is for saving money with interest.
• Current account is used for day-to-day transactions like salary deposits, bill payments, etc.

• Saving account is meant for saving money and earning interest on the balance.

• Current accounts usually have higher transaction limits compared to saving accounts.

• Saving accounts may have restrictions on the number of withdrawals a...read more
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Q3. Why you want to join Bank
Ans. 
I want to join Bank because of its reputation, stability, and opportunities for growth.
• I am attracted to the bank's strong reputation in the industry.

• I value the stability that a career in banking can offer.

• I see great potential for growth and advancement within the bank.

• I am passionate about finance and eager to contribute to the bank's success.
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