State Bank of India Banking Executive Interview Questions and Answers

I was responsible for processing daily transactions, reconciling accounts, and assisting customers with their banking needs.

• Processed daily transactions such as deposits, withdrawals, and transfers

• Reconciled accounts to ensure accuracy and compliance with regulations

• Assisted customers with inquiries, account maintenance, and problem resolution

• Collaborated with team members to meet department goals and deadlines

Banking products are financial instruments offered by banks to customers, such as savings accounts, credit cards, loans, and investment products.

• Savings accounts: A type of account where customers can deposit and withdraw money while earning interest.

• Credit cards: A payment card issued by a bank that allows the cardholder to borrow funds for purchases.

• Loans: Financial products where a bank lends money to a customer wit...read more

Demonetization is the act of stripping a currency unit of its status as legal tender.

• Demonetization is usually done to curb corruption, black money, and counterfeit currency.

• It can lead to temporary economic disruption and inconvenience to the public.

• India implemented demonetization in 2016 by invalidating high-denomination currency notes.

• The goal was to move towards a cashless economy and reduce the circulation of bla

Banking products are financial instruments offered by banks to customers, such as savings accounts, loans, credit cards, and investment products.

• Savings accounts: allow customers to deposit money and earn interest

• Loans: provide customers with funds that must be repaid with interest

• Credit cards: allow customers to make purchases on credit and pay back later

• Investment products: such as mutual funds, stocks, and bonds, he

Assets are resources owned by a company, while liabilities are obligations or debts owed by a company.

• Assets are things of value that a company owns, such as cash, inventory, equipment, and property.

• Liabilities are obligations that a company owes to others, such as loans, accounts payable, and accrued expenses.

• Assets are listed on the left side of the balance sheet, while liabilities are listed on the right side.

• The di...read more

I am a recent graduate with a strong background in finance and a passion for investment banking.

• Recent graduate with a degree in finance

• Internship experience in investment banking

• Strong analytical and financial modeling skills

• Passionate about the investment banking industry

Improving customer experience, embracing technology, and enhancing security can improve banks.

• Improving customer experience through personalized services and efficient complaint resolution.

• Embracing technology such as mobile banking, online banking, and AI-powered chatbots.

• Enhancing security through multi-factor authentication, fraud detection, and cybersecurity measures.

• Offering competitive interest rates and fees to ...read more

A helpful bank in profit is one that provides excellent customer service, innovative products, and efficient operations.

• Offering competitive interest rates and fees

• Providing personalized financial advice and support

• Investing in technology to streamline processes and improve customer experience

• Developing new products and services to meet changing customer needs

• Maintaining strong relationships with customers and the comm...read more