State Bank of India KYC Associate Interview Questions and Answers

Reasoning, quantitative skills, and English language proficiency.

Q1. How should one prepare for analyzing financial statements, balance sheets, and assessing limits?
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IBPS takes test moderate to high

Q1. Assessment of working capital
Ans. 
Assessment of working capital involves analyzing a company's current assets and liabilities to determine its ability to meet short-term financial obligations.
• Calculate working capital by subtracting current liabilities from current assets.

• A positive working capital indicates the company has enough assets to cover its short-term debts.

• A negative working capital may signal financial trouble and the need for additional fu...read more
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Q2. Why do you wan tot join banj
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Q1. What documents to take for loan applications
Ans. 
Documents required for loan applications include proof of income, identification, credit history, and collateral.
• Proof of income such as pay stubs or tax returns

• Identification documents like driver's license or passport

• Credit history report from credit bureaus

• Collateral documentation for secured loans
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Q1. Type of Charge?
Ans. 
Type of charge refers to the nature of the financial obligation, such as fixed or floating charge.
• Type of charge can be fixed or floating.

• Fixed charge is a specific charge on particular assets of a company, while floating charge is a charge on a class of assets that change from time to time.

• Examples of fixed charges include mortgages and debentures, while examples of floating charges include inventory and accounts rece...read more
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Q2. What is the role of CERSAI portal?
Ans. 
CERSAI portal is a centralized platform for registering and maintaining security interests created by lenders on movable assets.
• CERSAI stands for Central Registry of Securitization Asset Reconstruction and Security Interest of India.

• It helps in creating a central registry of security interests on movable assets to prevent fraud and improve transparency in lending.

• Lenders are required to register their security interest...read more
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Q1. What is the difference between Hypothecation and pledge?
Ans. 
Hypothecation is when an asset is pledged as collateral without transferring ownership, while pledge involves transferring ownership of an asset as collateral.
• Hypothecation allows the borrower to retain possession and use of the asset.

• In a pledge, the lender takes ownership of the asset until the debt is repaid.

• Hypothecation is commonly used in loans for vehicles, where the lender holds the vehicle's registration paper...read more
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Q2. What did you work in your previous job in BSNL?
Ans. Job profile of my work as Jr. account's Officer.
Answered by harsh solanki
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Q3. Are you ready to work PAN India?
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Q4. Difference between INDAS and US GAAP?
Ans. 
INDAS and US GAAP are accounting standards used in different countries.
• INDAS stands for Indian Accounting Standards, while US GAAP stands for Generally Accepted Accounting Principles used in the United States.

• INDAS is based on International Financial Reporting Standards (IFRS), while US GAAP is based on a mixture of IFRS and local accounting principles.

• INDAS is used by companies in India, while US GAAP is used by compa...read more
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Q5. Ratios use in Analysis?
Ans. 
Ratios are essential tools in financial analysis to assess a company's performance and financial health.
• Ratios help evaluate a company's profitability, liquidity, solvency, and efficiency.

• Common ratios include the current ratio, debt-to-equity ratio, return on equity, and gross profit margin.

• These ratios provide insights into a company's ability to meet short-term obligations, manage debt, generate profits, and control...read more
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Q6. Hi!! Harsh How r you? Tell us about your self and past work done.
Ans. I answered M Harsh From Gujarat Told my background that CA. College complete from HLCC Gujarat Worked at BSNL and discussed my work profile
Answered by harsh solanki
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Q1. First question was asusual-"Introduce yourself"
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Q2. Next few questions focused on our knowledge about Indian bank and opertaions of a bank
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Q3. Next was technical,which were asked from the topic-"Analysis of financial statement,especially-Accounting Ratios"
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Q4. Next set of questions were about my work experience
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Knowledge test fro banking industry

Type of customer and their behaviour

Q1. Financial knowledge
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Q1. Salary discussion
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Q1. Basic information and about yourself
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Q2. Explain about yourself and background
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