Statestreet HCL Services Senior Processing Executive Interview Questions and Answers

Data analytics is the process of examining and interpreting data to draw conclusions and make informed decisions.

• It involves collecting, cleaning, and organizing data

• Applying statistical and mathematical models to analyze data

• Visualizing and presenting data in a meaningful way

• Examples include predicting customer behavior, optimizing business operations, and identifying trends in healthcare data

Regression analysis is a statistical method used to determine the relationship between a dependent variable and one or more independent variables.

• It helps in predicting the value of the dependent variable based on the values of the independent variables.

• It is used in various fields such as finance, economics, social sciences, and engineering.

• Linear regression is the most common type of regression analysis.

• Examples incl...read more

Data analysis is the process of inspecting, cleaning, transforming, and modeling data while data analytics involves using statistical and computational methods to extract insights from data.

• Data analysis is focused on preparing and organizing data for analysis

• Data analytics involves using tools and techniques to extract insights from data

• Data analysis is a subset of data analytics

• Data analytics involves more complex an...read more

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

• Banks accept deposits from customers and use that money to make loans and investments.

• They provide various financial services such as checking accounts, savings accounts, credit cards, and loans.

• Banks also play a crucial role in the economy by facilitating the flow of money and credit.

• Examples of banks include J

Documents required for opening an SME account.

• Proof of identity and address of the business owner(s)

• Proof of business registration

• Business PAN card

• GST registration certificate

• Bank statements of the business

• Business plan and projections

• KYC documents of authorized signatories

• Any other relevant documents as per the bank's requirements