Anand Rathi Global Finance Senior HR Executive Interview Questions and Answers for Experienced

A finance company is a financial institution that provides loans, investments, and other financial services to individuals and businesses.

• Finance companies specialize in providing loans and credit to customers who may not qualify for traditional bank loans.

• They may also offer leasing and financing options for businesses to acquire equipment and vehicles.

• Examples of finance companies include American Express, Capital On...read more

I will give loans to individuals and businesses with good credit history and stable income on reasonable terms.

• I will consider credit score and payment history of the borrower

• I will also look at the borrower's income and employment stability

• For businesses, I will consider their financial statements and business plan

• I will offer reasonable interest rates and repayment terms based on the borrower's creditworthiness

• I will...read more

Customer relationship building involves creating and maintaining strong connections with clients to foster loyalty and trust.

• Effective communication is key to building relationships with customers

• Personalization and customization of services can help build stronger connections

• Regular follow-ups and check-ins show customers that they are valued

• Handling complaints and issues promptly and professionally can strengthen rel...read more

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

Sourcing files involves identifying potential clients and gathering necessary documents.

• Identify potential clients through referrals, online research, and networking events.

• Gather necessary documents such as financial statements, tax returns, and credit reports.

• Maintain organized records and follow up with clients regularly.

• Utilize technology and software to streamline the sourcing process.

• Collaborate with other team m...read more