SVC Co-Operative Bank Branch Manager Interview Questions and Answers for Experienced

KYC, AML, and Business Process are important concepts in the financial industry.

• KYC stands for Know Your Customer and refers to the process of verifying the identity of customers to prevent fraud, money laundering, and other illegal activities.

• AML stands for Anti-Money Laundering and refers to the set of laws, regulations, and procedures designed to prevent the generation of income through illegal activities.

• Business P...read more

I source saving accounts, current accounts, and FDs through various channels such as referrals, online marketing, and networking.

• I leverage my personal and professional network to generate leads for potential customers

• I use online marketing strategies such as social media and email campaigns to reach a wider audience

• I offer referral incentives to current customers to encourage them to refer their friends and family

• I co...read more

To manage the target in the first week of the month without knowing it, effective planning and communication are key.

• Analyze past performance and trends to set a realistic target

• Communicate with team members to understand their capabilities and workload

• Break down the target into smaller, achievable goals

• Implement strategies to motivate and incentivize the team

• Regularly monitor progress and provide feedback

• Adjust plans