State Bank of India Branch Manager Interview Questions and Answers

Challenges in banking sector include regulatory compliance, cybersecurity threats, competition, and technological advancements.

• Regulatory compliance: Banks must adhere to strict regulations which can be complex and constantly changing.

• Cybersecurity threats: With the increase in digital banking, banks are vulnerable to cyber attacks and data breaches.

• Competition: Banks face competition from traditional banks as well as ...read more

ICICIBANK is a leading private sector bank in India known for its innovative products and services.

• ICICIBANK offers a wide range of banking products and services including savings accounts, loans, credit cards, and investment options.

• The bank has a strong presence in both urban and rural areas, catering to a diverse customer base.

• ICICIBANK is known for its digital banking initiatives and user-friendly mobile app, makin...read more

I manage my stress through regular exercise, meditation, and setting boundaries.

• Regular exercise helps me release tension and clear my mind.

• Meditation allows me to relax and focus on the present moment.

• Setting boundaries helps me prioritize tasks and avoid feeling overwhelmed.

• Taking short breaks throughout the day to recharge and refocus.

• Seeking support from colleagues or a mentor when needed.

SLR stands for Statutory Liquidity Ratio and CLR stands for Cash Reserve Ratio.

• SLR is the minimum percentage of deposits that banks are required to maintain in the form of liquid cash, gold, or other securities.

• CLR is the minimum percentage of deposits that banks are required to maintain with the central bank in the form of cash.

• SLR is set by the Reserve Bank of India to control the expansion of credit by banks.

• CLR is ...read more

Equitable mortgage is based on the principle of equity, while registered mortgage is based on registration of the mortgage deed.

• Equitable mortgage is created by deposit of title deeds with the lender, while registered mortgage is created by registration of the mortgage deed with the relevant authority.

• In equitable mortgage, the lender has a right to sell the property in case of default, while in registered mortgage, th...read more

Charges are less in equitable mortgage due to lower risk for the lender.

• Equitable mortgage relies on the borrower's good faith and does not involve transfer of title deeds.

• Since the lender has access to the property in case of default, the risk is lower.

• This lower risk leads to reduced charges for the borrower.

Documents required to open a HUF account include identity proof, address proof, HUF declaration, PAN card, and passport size photographs.

• Identity proof such as Aadhar card, Voter ID, or Passport

• Address proof like Aadhar card, utility bill, or rental agreement

• HUF declaration signed by the Karta of the Hindu Undivided Family

• PAN card of the HUF

• Passport size photographs of the Karta

The RBI Act is a legislation that governs the functioning of the Reserve Bank of India.

• The RBI Act, 1934 is the primary legislation that governs the Reserve Bank of India.

• It outlines the objectives, powers, and functions of the RBI.

• The Act empowers the RBI to regulate the issue of banknotes, maintain reserves, and formulate monetary policy.

• It also establishes the structure of the RBI, including the roles of the Governo...read more

A public limited company is a company that offers shares to the public and has limited liability. A private limited company is a company with limited liability and restrictions on share ownership.

• Public limited companies can raise capital by selling shares to the public

• Private limited companies cannot offer shares to the public and have restrictions on share ownership

• Both types of companies have limited liability, mean...read more