State Street Bank Assistant Manager Interview Questions and Answers

Q1. What is confidence interval of an estimator?
Ans. 
Confidence interval of an estimator is a range of values that is likely to contain the true value of the parameter being estimated.
• Confidence interval provides a range of values within which we are confident the true parameter value lies.

• It is calculated based on the sample data and the desired level of confidence.

• For example, a 95% confidence interval for the mean weight of a population would be a range of values with...read more
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Q2. How logistic regression works for multiple class classification?
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Logistic regression works by calculating the probability of each class and assigning the observation to the class with the highest probability.
• Logistic regression calculates the probability of each class using the logistic function.

• The model then assigns the observation to the class with the highest probability.

• It is commonly used for binary classification, but can be extended to multiple classes using techniques like
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Q3. How do you deal with missing values in a data?
Ans. 
I handle missing values by identifying them, deciding on a strategy (imputation or deletion), and documenting the process.
• Identify missing values by checking for null values or using descriptive statistics.

• Decide on a strategy for handling missing values such as imputation (mean, median, mode) or deletion (row or column).

• Document the process of handling missing values to ensure transparency and reproducibility.
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Q1. Friendly question
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Q2. No and difficult question
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Q3. Easy no any difficult question
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Q1. Questions related to Fund accounting
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Q2. Journal entries
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Q3. Trade life cycle
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Q4. Fees and expenses
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Q1. Strengths n weakness
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Q1. Tell me all your day
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Q2. Tell me about the process you do
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Q1. Asking personal life
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Q1. How you will onboard new customer?
Ans. 
New customers will be onboarded through a personalized welcome email, followed by a phone call to ensure their satisfaction.
• Send a personalized welcome email with information about the company and its products/services.

• Follow up with a phone call to answer any questions and ensure customer satisfaction.

• Provide resources such as user guides or tutorials to help customers get started.

• Offer promotions or discounts to ince...read more
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Q2. Cold calling and my existing references
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Very Simple aptitude test, Just basic quants,English and reasoning

Topic was weather technology is increasing job opportunities or decreasing job opportunities

Q1. Basic Banking questions regarding Account opening and PAN related questions
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Q2. How to improve CASA of a bank
Ans. 
To improve CASA of a bank, focus on customer engagement and offer attractive interest rates.
• Offer higher interest rates on savings accounts to attract more customers

• Provide personalized services to customers to increase engagement and loyalty

• Introduce referral programs to encourage existing customers to bring in new customers

• Launch promotional campaigns to create awareness about the benefits of CASA

• Streamline the accou...read more
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Q3. How many years will u be with this bank if selected
Ans. 
I plan to be with this bank for the long term, at least 5-10 years.
• Express commitment to long-term employment

• Mention specific number of years, such as 5-10 years

• Highlight reasons for wanting to stay with the bank, such as career growth opportunities or alignment with company values
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