Statestreet HCL Services Senior Processing Executive Interview Questions and Answers

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

• Banks accept deposits from customers and use that money to make loans and investments.

• They provide various financial services such as checking accounts, savings accounts, credit cards, and loans.

• Banks also play a crucial role in the economy by facilitating the flow of money and credit.

• Examples of banks include J...read more

Documents required for opening an SME account.

• Proof of identity and address of the business owner(s)

• Proof of business registration

• Business PAN card

• GST registration certificate

• Bank statements of the business

• Business plan and projections

• KYC documents of authorized signatories

• Any other relevant documents as per the bank's requirements

Asset managers oversee investment portfolios, ensuring optimal performance and alignment with clients' financial goals.

• Portfolio Management: Develop and manage investment strategies tailored to client objectives, such as retirement planning or wealth preservation.

• Risk Assessment: Analyze market trends and economic indicators to identify potential risks and adjust investment strategies accordingly.

• Client Communication: ...read more

Buy in refers to the agreement or acceptance of an idea or decision by individuals or groups involved.

• It is the process of getting people to support and commit to a decision or idea.

• It involves convincing people of the benefits and value of the decision or idea.

• Buy in is important for successful implementation of plans and initiatives.

• Examples include getting employees to adopt new policies or convincing stakeholders t...read more

Buy in occurs when a seller fails to deliver shares on the settlement date.

• Buy in is a process where the buyer purchases the shares from the market to fulfill the failed delivery.

• It is a mechanism to ensure timely settlement of trades.

• The cost of buy in is borne by the seller who failed to deliver the shares.

• Buy in can also happen when the seller delivers the shares, but they are not in good deliverable form.

• Buy in is ...read more

I have managed various projects and worked on dashboards and data analysis tools.

• Managed projects in previous organizations

• Worked on dashboards

• Skilled in data analysis tools

• Used Tableau to create dashboards for sales and marketing teams

• Analyzed customer data using Excel and Python

• Created reports on project progress using JIRA

Procurement is the process of acquiring goods or services from an external source.

• Procurement involves identifying the need for goods or services

• It includes selecting suppliers, negotiating contracts, and placing orders

• Procurement also involves managing supplier relationships and monitoring performance

• Examples of procurement include purchasing office supplies, hiring contractors for construction projects, and outsourci...read more