Business Correspondent Interview Questions and Answers

Business correspondents in a bank play a crucial role in extending banking services to remote and unbanked areas.

• Facilitating account opening for customers in remote areas

• Providing basic banking services like deposits, withdrawals, and fund transfers

• Educating customers on financial literacy and digital banking

• Collecting loan repayments and disbursing small loans

• Acting as a link between the bank and the customers in underserved areas

The banking sector refers to the industry made up of financial institutions that provide various financial services to customers.

• Banks accept deposits from customers and provide loans and other financial products.

• They facilitate transactions such as wire transfers, issuing credit cards, and providing investment services.

• Regulated by central banks and government agencies to ensure stability and protect consumers.

• Examples include commercial banks, investment banks, and credit u...read more