Standard Chartered Interview Questions, Process, and Tips

Q1. What are all the off balance sheet items in banks ?
Ans. 
Off balance sheet items in banks are financial instruments or contingent liabilities that do not appear on the bank's balance sheet.
• Loan commitments

• Letters of credit

• Derivatives contracts

• Securitization transactions

• Standby letters of credit
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Q2. What is Forward rate agreement?
Ans. 
A forward rate agreement (FRA) is a financial contract between two parties to exchange interest rate payments based on a specified notional amount and a predetermined interest rate.
• FRA is a derivative contract where one party agrees to pay a fixed interest rate while the other party agrees to pay a floating interest rate based on a notional amount.

• It helps in hedging against interest rate risk by locking in a future in...read more
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Q3. What is LCR & NSFR and its purpose?
Ans. 
LCR & NSFR are regulatory requirements that banks must meet to ensure they have enough liquidity to withstand financial stress.
• LCR stands for Liquidity Coverage Ratio and measures a bank's ability to meet its short-term obligations with high-quality liquid assets.

• NSFR stands for Net Stable Funding Ratio and assesses a bank's long-term stability by comparing available stable funding to required stable funding.

• The pu...read more
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Q1. Salary discussion
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Passed all the round

Passed all the round

Q1. Passed with manager round.as well
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Just a normal aptitude test

Q1. They asked many questions about what we mentioned in our resume
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Q2. What types of banking services does standard chartered provide?
Ans. 
Standard Chartered provides a wide range of banking services including retail banking, corporate banking, wealth management, and investment banking.
• Retail banking services such as savings accounts, credit cards, and personal loans

• Corporate banking services including trade finance, cash management, and corporate lending

• Wealth management services like investment advisory and portfolio management

• Investment banking service...read more
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Q3. What is the difference between a commercial bank and a investment bank?
Ans. 
Commercial banks focus on providing services to individuals and businesses, while investment banks focus on helping companies raise capital and provide financial advisory services.
• Commercial banks primarily deal with deposits, loans, and basic financial services for individuals and businesses.

• Investment banks focus on underwriting securities, facilitating mergers and acquisitions, and providing financial advisory servi...read more
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Q4. What is Nostro reconciliation?
Ans. 
Nostro reconciliation is the process of ensuring that the bank's records of its accounts with other banks match the records of those banks.
• Nostro reconciliation involves comparing the bank's records of its accounts with other banks to the records provided by those banks.

• It helps in identifying any discrepancies or errors in the transactions between the banks.

• The process involves investigating and resolving any differen...read more
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Q1. Why did you leave the last company
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Q2. Why select SC? have you received an offer
Ans. 
I selected SC because of its strong reputation in the industry and the exciting opportunities for growth. Yes, I have received an offer.
• Strong reputation in the industry

• Exciting opportunities for growth

• Received an offer
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Q1. What did you do after work
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Q2. How you used Kafka in your project
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