Banking Terms: Do you find banking terms confusing? You’re not alone. The banking sector in India uses many terminologies that can be hard to grasp, even for professionals. However, understanding basic banking terms is important since banking is a vital part of both personal and business finances. From common terms like ATM and types of …
Doorstep Banking: Ever wished banking services could come to you? Doorstep banking makes it possible by allowing customers to access essential banking services without visiting a branch. Through a unified platform, door step banking services enable tasks like cash deposits, withdrawals, document collection, and even pension-related services right at your doorstep. This facility, introduced under …
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Wholesale Banking: How do large businesses handle banking differently? Wholesale banking caters to large clients like corporations, government agencies, and financial institutions, offering services beyond regular banking. Unlike retail banking, which serves individuals and small businesses, wholesale banking deals with large-scale transactions such as trade finance, mergers and acquisitions, and working capital solutions. These services …
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Non-Performing Assets (NPA): What happens when a bank lends money, but the borrower stops repaying? That’s where NPA (Non-Performing Asset) comes in. NPA meaning refers to loans where payments on principal or interest remain overdue for 90+ days. As per RBI guidelines, any loan overdue beyond this period is classified as NPA in banking. These …
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Types of Cheques: How many types of cheques are there? Cheques come in various forms to suit different banking needs. While blank and crossed cheques are common, many other types of cheques are used for secure transactions. Whether for personal or business payments, each cheque type serves a specific purpose. In banking, different types of …
Kotak Bank Interview Questions 2025: Looking for Kotak Bank interview questions to prepare effectively? Securing a job at Kotak Mahindra Bank, one of India’s top private sector banks, is a great career move. But cracking the interview requires more than just banking knowledge—it takes preparation, confidence, and a strong understanding of what interviewers expect. This …
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KYC in Banking: Why do banks ask for your ID and documents before opening an account? This is part of KYC in banking—a mandatory process to verify customer identity and prevent fraud. Know Your Customer (KYC) ensures transparency and security in financial transactions. The meaning of KYC in banking goes beyond identity verification; it includes …
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Corporate Banking Interview Questions: What does it take to succeed in a corporate banking interview? Strong financial knowledge, problem-solving skills, and industry expertise are essential. Corporate banking offers financial services like loans, cash management, and risk management to large businesses, multinational corporations, and institutions. To prepare, understanding corporate banking interview questions is crucial. Interviews often …
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History of Banking: Have you ever wondered how the Indian banking system evolved into what it is today? The history of banking in India dates back to ancient times when money lending and trade financing were common. However, the first bank of India, the Bank of Hindostan, was established in 1770 by Mayer’s Alexander and …
Teller in Bank: Ever wondered what is a teller in bank and what they actually do? A bank teller is the first point of contact for customers, processing transactions like deposits and withdrawals, and addressing inquiries. The role of teller in bank involves maintaining cash accuracy, balancing drawers, and promoting banking services. In this guide, …
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