Standard Chartered Compliance and Regulatory Manager Interview Questions and Answers

Highlight the benefits of investing in stocks and mutual funds over FDs for senior citizens.

• Explain how inflation can erode the value of their savings in FDs over time

• Emphasize the potential for higher returns in the long run with stocks and mutual funds

• Highlight the tax benefits of investing in equity-linked savings schemes (ELSS)

• Assure them that investing in stocks and mutual funds can be done safely with proper rese...read more

For long-term investment in mutual funds, recommended funds are diversified equity funds and balanced funds. To get regular payouts from growth funds, one can opt for systematic withdrawal plans (SWP).

• Recommended funds for long-term investment: diversified equity funds and balanced funds

• Diversified equity funds provide exposure to a wide range of stocks, offering potential for higher returns

• Balanced funds invest in a m...read more

Mutual Funds in India have captured around 14% of the total assets under management in the financial market.

• Mutual Funds in India have grown significantly in the past decade.

• As of March 2021, the total assets under management (AUM) of the mutual fund industry in India stood at INR 32.17 trillion (USD 430 billion).

• This is around 14% of the total assets under management in the financial market.

• The market capture of mutua...read more

The required documents for retail products depend on the type of product being offered.

• For loans, documents such as income proof, identity proof, and address proof are required.

• For credit cards, documents such as identity proof, address proof, and income proof are required.

• For savings accounts, documents such as identity proof, address proof, and PAN card are required.

• The specific documents required may vary depending ...read more

Micro loan is a small amount of money lent to individuals or businesses with low income or poor credit history.

• Micro loans are typically less than $50,000.

• They are often used to start or expand small businesses.

• Micro loans are usually provided by non-profit organizations or government agencies.

• The interest rates on micro loans are typically higher than traditional loans.

• Micro loans are often given to people who would n...read more

NEFT and RTGS are electronic funds transfer systems used in banking.

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

• NEFT is used for transferring funds up to a certain limit, typically with a time delay, while RTGS allows for immediate and real-time transfer of large amounts.

• NEFT operates in hourly batches, while RTGS operates continuously throughout the working hours o...read more