North East Small Finance Bank Business Development Manager Interview Questions and Answers

Small finance banks are financial institutions that provide basic banking services to small businesses and low-income individuals.

• Small finance banks focus on providing financial services to underserved and unserved sections of the population.

• They offer services such as savings accounts, fixed deposits, loans, and payment services.

• These banks have a minimum capital requirement of Rs. 200 crore.

• Examples of small finance...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 lowe...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.

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 u...read more

Vlookup is used in Excel to search for a value in a table and return a corresponding value from another column.

• Vlookup helps in quickly finding specific data in a large dataset

• It is commonly used for data analysis and reporting

• Can be used to merge data from different tables based on a common identifier

• Example: =VLOOKUP(A2, Sheet2!A:B, 2, FALSE) will search for the value in cell A2 in Sheet2 and return the corresponding