Yes Bank Assistant Manager Interview Questions, Process, and Tips for Experienced

EMI stands for Equated Monthly Installment, which is a fixed amount of payment a borrower makes to a lender at a specified date each calendar month.

• EMI stands for Equated Monthly Installment

• It is a fixed amount of payment made by a borrower to a lender

• EMI payments are made at a specified date each calendar month

Permanent Account Number

• PAN is a unique 10-digit alphanumeric code assigned to individuals and entities in India

• It is used for financial transactions and tax purposes

• Example: ABCDE1234F

One Time Password

• OTP is a unique code used for authentication purposes

• It is typically sent to a user's mobile phone or email

• OTP expires after a short period of time for security reasons

ATM stands for Automated Teller Machine, a device that allows customers to perform basic banking transactions without the need for a human teller.

• ATM stands for Automated Teller Machine

• ATMs are commonly used for withdrawing cash, checking account balances, and transferring funds

• Examples of ATM providers include banks, credit unions, and standalone machines in public places

Capital account refers to the account that records the net worth of a business, including investments by owners and profits/losses.

• Capital account reflects the financial position of a business by showing the total assets minus total liabilities.

• It includes contributions made by the owners, such as initial investments or additional capital injections.

• Profits and losses generated by the business also impact the capital a...read more

Foreign Direct Investment

• FDI refers to when a company or individual from one country invests in a business or entity in another country

• It involves a long-term relationship and control in the foreign business

• Examples include a US company opening a manufacturing plant in China or a Japanese investor buying shares in a German company

Trade refers to the exchange of goods and services between two or more parties. There are several types of bank guarantees.

• Bank guarantees are a type of financial instrument used to secure a transaction between two parties.

• There are several types of bank guarantees, including performance guarantees, payment guarantees, bid bonds, and advance payment guarantees.

• Performance guarantees ensure that a contractor will comple...read more