Paytm Payments Bank Junior Manager Interview Questions and Answers

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• The individual pays a premium to the insurance company in exchange for coverage.

• The insurance company assumes the risk of financial loss and pays out claims when necessary.

• Types of insurance include ...read more

Next is a finance technology company that provides loans and financial services to customers.

• Next offers personal loans, business loans, and credit cards to customers.

• They use technology to make the loan application process quick and easy.

• Next also provides financial education and resources to help customers improve their financial health.

• Their loans have competitive interest rates and flexible repayment options.

• Next h...read more

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

• NEFT is a payment system that allows individuals and businesses to transfer funds electronically from one bank account to another.

• RTGS is a payment system that enables large-value transactions to be settled in real-time.

• NEFT transactions are settled in batches, while RTGS transactions are settled individually.

• NEFT has no m...read more

CIBIL is a credit information company that maintains credit records of individuals and companies.

• CIBIL stands for Credit Information Bureau (India) Limited.

• It is a credit information company that collects and maintains credit records of individuals and companies.

• CIBIL provides credit reports and scores to banks and other financial institutions to help them assess the creditworthiness of borrowers.

• The credit score provi...read more

ICRA rating is a credit rating given to companies based on their financial stability and creditworthiness.

• ICRA stands for Investment Information and Credit Rating Agency.

• The rating is given on a scale of 1 to 10, with 1 being the highest rating.

• The rating is based on various factors such as financial performance, management quality, industry outlook, and external factors such as economic and political conditions.

• ICRA r...read more

Banking involves financial transactions, loans, investments, and other services provided by banks and financial institutions.

• Banks provide financial services such as savings accounts, checking accounts, and loans.

• Investment banking involves helping companies raise capital through stock offerings and bond sales.

• Commercial banking involves providing loans to businesses and individuals.

• Retail banking involves providing se...read more