Bank Branch Manager Question:
Download Questions PDF

Do you know what is the difference between bank guarantee and letter of credit?

Answer:

There is not much difference between bank guarantee and letter of credit as they both take the liability of payment. A bank guarantee contains more risk for a bank than a letter of credit as it is protecting both parties the purchaser and seller.

Download Banking Branch Manager Interview Questions And Answers PDF

Previous QuestionNext Question
Tell us how do you ensure that you evaluate employee performance from a neutral, non-biased perspective?Tell me after doing B.Sc / B.Tech / MBA / MA why do you want to choose banking? Why not something related with you field of education?