Anand Rathi Global Finance Credit Manager Interview Questions and Answers

SMA stands for Special Mention Account, STD stands for Sub-Standard Account, and DPD stands for Days Past Due.

• SMA is a classification for accounts that have potential weaknesses and require close monitoring.

• STD is a classification for accounts that have well-defined weaknesses and are considered to be non-performing.

• DPD is a measure of how many days a payment is overdue.

• These terms are commonly used in credit managemen

NPA declaration refers to the classification of a loan as a non-performing asset.

• NPA is declared when a borrower fails to make repayments for a certain period of time.

• The classification of NPA is done based on the number of days the repayment is overdue.

• NPA classification has a negative impact on the credit score of the borrower and the lender's balance sheet.

• Banks and financial institutions are required to make provis...read more

Mortgage requires several documents for approval.

• Proof of income

• Credit report

• Property appraisal

• Title report

• Homeowner's insurance

• Tax returns

• Bank statements

The process flow for unsecured loan involves several steps from application to disbursement.

• The borrower submits an application with personal and financial information.

• The lender evaluates the borrower's creditworthiness and risk profile.

• If approved, the lender offers a loan amount and terms.

• The borrower accepts the offer and signs the loan agreement.

• The lender disburses the loan amount to the borrower's account.

• The bo...read more