AU Small Finance Bank Interview Questions, Process, and Tips for Freshers

FOIR stands for Fixed Obligation to Income Ratio, a metric used to assess a borrower's repayment capacity.

• FOIR is calculated by dividing total fixed obligations by net monthly income.

• A lower FOIR indicates better repayment capacity; typically, a FOIR below 40% is considered healthy.

• For example, if a borrower has fixed obligations of $1,000 and a net income of $3,000, FOIR = 1000/3000 = 33.33%.

• Lenders use FOIR to determ...read more

A current address is where a person lives now, while a permanent address is their long-term residence or legal address.

• Current Address: The location where an individual resides at the moment, which may change frequently.

• Permanent Address: The address that is considered the individual's official residence, often used for legal documents.

• Example of Current Address: A temporary apartment or a hotel where someone is stayin...read more

INSR typically refers to 'Insurance' in finance, indicating risk management through coverage.

• INSR stands for Insurance, a financial product that provides protection against potential future losses.

• It can cover various risks, such as health, property, and liability.

• For example, health insurance (INSR) helps cover medical expenses.

• Property insurance (INSR) protects against damage to homes or businesses.

• Liability insuranc...read more

DPD stands for Days Past Due, indicating how many days a payment is overdue.

• DPD is a key metric in credit risk management.

• It helps lenders assess the likelihood of default.

• For example, a loan with 30 DPD means the payment is 30 days late.

• Higher DPD values indicate increased risk of default.

I have extensive knowledge and experience in the market, including key players, trends, and customer needs.

• I have worked in the sales industry for X years, gaining valuable insights into market dynamics.

• I regularly attend industry conferences and networking events to stay updated on market trends.

• I have built strong relationships with key stakeholders in the market, allowing me to gather valuable market intelligence.

• I ...read more

I will strive to achieve my targets every month by utilizing my sales skills and strategies.

• I will create a detailed sales plan and set achievable targets for myself

• I will continuously monitor my progress and make necessary adjustments to ensure target achievement

• I will proactively seek out new opportunities and leads to meet and exceed my targets