Operations Representative Interview Questions and Answers for Freshers

Banking is a financial service that involves accepting deposits and lending money.

• Banks accept deposits from customers and pay interest on them

• They lend money to individuals and businesses at a higher interest rate

• Banks also offer other financial services such as credit cards, loans, and investment products

• They make money by charging fees and interest on loans

• Banks are regulated by government agencies to ensure safety and soundness

Banking sector in India has a long history dating back to the 18th century.

• The first bank in India was the Bank of Hindustan, established in 1770

• The State Bank of India, the largest bank in India, was established in 1955

• The nationalization of banks in 1969 brought major changes to the banking sector

• The introduction of technology and digital banking has revolutionized the sector in recent years