Piramal Capital Housing Finance Cluster Manager Interview Questions and Answers

The job profile for Deputy Manager at HDFC Bank involves managing operations, customer service, and sales at a specific branch location.

• The Deputy Manager is responsible for ensuring smooth functioning of the branch operations.

• They oversee customer service and ensure customer satisfaction.

• They also manage sales targets and motivate the team to achieve them.

• The working location is at a specific HDFC Bank branch.

• The hiri...read more

Yes, I have experience in selling life insurance and can sell at least one policy every day.

• I have a proven track record of selling life insurance policies on a daily basis.

• I am knowledgeable about the benefits of life insurance and can effectively communicate them to potential customers.

• I am skilled in identifying the needs of customers and tailoring my sales pitch accordingly.

• I am confident in my ability to close dea...read more

Repo rate is the rate at which the central bank lends money to commercial banks.

• Repo rate is an important tool used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means that commercial banks will have to pay more interest to borrow money from the central bank, which can lead to higher interest rates for consumers.

• On the other hand, a lower repo rate can stimulate economic growth b...read more

Insurance is regulated by IRDAI and mutual funds are regulated by SEBI.

• Insurance is regulated by Insurance Regulatory and Development Authority of India (IRDAI).

• Mutual funds are regulated by Securities and Exchange Board of India (SEBI).

• IRDAI ensures fair treatment of policyholders and regulates the insurance industry.

• SEBI regulates mutual funds to protect the interests of investors and ensure transparency in the marke...read more

There are various types of deposits in a bank, including savings, current, fixed, recurring, and NRI deposits.

• Savings deposits are the most common type, where customers can earn interest on their savings.

• Current deposits are meant for businesses and allow for frequent transactions.

• Fixed deposits have a fixed tenure and offer higher interest rates than savings deposits.

• Recurring deposits allow customers to save a fixed ...read more

Central banks and regulatory authorities regulate banks.

• Central banks are responsible for monetary policy and financial stability.

• Regulatory authorities oversee compliance with laws and regulations.

• Examples of regulatory authorities include the Federal Reserve in the US and the Financial Conduct Authority in the UK.