State Bank of India Phone Banking Officer Interview Questions and Answers

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 Phone Banking Officer with experience in the banking industry. I chose this bank and profile because of its reputation and growth opportunities.

• I have worked as a Phone Banking Officer in my previous company, where I handled customer queries and provided assistance with banking services.

• I have a strong understanding of banking products and services, including account management, loans, and credit cards.

• I chose t...read more

ICICI Bank is one of the largest private sector banks in India, offering a wide range of financial products and services.

• ICICI Bank was established in 1994 and is headquartered in Mumbai, India.

• It offers services such as savings accounts, loans, credit cards, insurance, and investment products.

• ICICI Bank has a strong presence both in India and internationally, with branches in over 20 countries.

• The bank is known for it...read more