Unity Small Finance Bank Assistant Vice President Interview Questions and Answers

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• The individual pays a premium to the insurance company in exchange for coverage.

• The insurance company assumes the risk of financial loss and pays out claims when necessary.

• Types of insurance include ...read more

Next is a finance technology company that provides loans and financial services to customers.

• Next offers personal loans, business loans, and credit cards to customers.

• They use technology to make the loan application process quick and easy.

• Next also provides financial education and resources to help customers improve their financial health.

• Their loans have competitive interest rates and flexible repayment options.

• Next h...read more

NEFT stands for National Electronic Funds Transfer and RTGS stands for Real Time Gross Settlement.

• NEFT is a payment system that allows individuals and businesses to transfer funds electronically from one bank account to another.

• RTGS is a payment system that enables large-value transactions to be settled in real-time.

• NEFT transactions are settled in batches, while RTGS transactions are settled individually.

• NEFT has no m...read more