TVS Credit Deputy Manager Interview Questions and Answers

Banking is a financial service that deals with accepting deposits, lending money, and providing various financial products.

• Banks accept deposits from customers and pay interest on them

• They lend money to individuals and businesses at an interest rate

• Banks provide various financial products such as credit cards, loans, mortgages, and insurance

• They also offer investment services such as mutual funds, stocks, and bonds

• Bank...read more

KYC requirements for partnership current account

• Partnership deed

• Identity proof of all partners

• Address proof of all partners

• PAN card of the partnership firm

• Business registration proof

• Proof of business address

Repo rate is the rate at which the central bank lends money to commercial banks.

• Repo rate is an important tool used by central banks to control inflation and liquidity in the economy.

• A higher repo rate means that commercial banks will have to pay more interest to borrow money from the central bank, which can lead to higher interest rates for consumers.

• On the other hand, a lower repo rate can stimulate economic growth b...read more

Insurance is regulated by IRDAI and mutual funds are regulated by SEBI.

• Insurance is regulated by Insurance Regulatory and Development Authority of India (IRDAI).

• Mutual funds are regulated by Securities and Exchange Board of India (SEBI).

• IRDAI ensures fair treatment of policyholders and regulates the insurance industry.

• SEBI regulates mutual funds to protect the interests of investors and ensure transparency in the marke...read more

There are various types of deposits in a bank, including savings, current, fixed, recurring, and NRI deposits.

• Savings deposits are the most common type, where customers can earn interest on their savings.

• Current deposits are meant for businesses and allow for frequent transactions.

• Fixed deposits have a fixed tenure and offer higher interest rates than savings deposits.

• Recurring deposits allow customers to save a fixed ...read more

Central banks and regulatory authorities regulate banks.

• Central banks are responsible for monetary policy and financial stability.

• Regulatory authorities oversee compliance with laws and regulations.

• Examples of regulatory authorities include the Federal Reserve in the US and the Financial Conduct Authority in the UK.