10+ AVIOM Interview Questions and Answers

AUM stands for Assets Under Management and is the total value of assets managed by a financial institution or individual.

• AUM includes all assets such as stocks, bonds, real estate, and cash.

• To calculate AUM, add up the market value of all assets being managed.

• For example, if a financial advisor manages $10 million in stocks, $5 million in bonds, and $2 million in real estate, their AUM would be $17 million.

• AUM is an important metric for financial institutions as it determines...read more

AUM can be calculated by adding current assets under management and future principal.

• AUM stands for Assets Under Management.

• It is a measure of the total value of assets that a financial institution manages on behalf of its clients.

• It includes both current assets and future principal.

• For example, if a financial institution manages $100 million in current assets and has $50 million in future principal commitments, its AUM would be $150 million.

To increase sales and collection, I suggest implementing targeted marketing campaigns, improving customer service, and offering flexible payment options.

• Create targeted marketing campaigns to reach potential customers

• Improve customer service to retain existing customers and encourage referrals

• Offer flexible payment options such as installment plans or online payment portals

• Analyze sales data to identify trends and adjust strategies accordingly

Field location and sourcing files are crucial for a Loan Officer's job.

• Field location refers to the physical location where the loan officer conducts business, such as a bank branch or office.

• Sourcing files involves gathering necessary documents and information from various sources to process loan applications.

• Examples of sourcing files include pay stubs, tax returns, bank statements, and credit reports.

The question is asking about the number of login files in the office.

• The number of login files in the office can vary depending on the size and operations of the office.

• The loan officer should have access to the login files to track and manage loan applications.

• The number of login files may increase or decrease based on the volume of loan applications.

• Having a well-organized system for managing login files is crucial for efficient loan processing.

Assets are resources owned by an individual or organization that have monetary value and can be used to generate income.

• Assets can include physical property such as real estate, vehicles, and equipment

• Financial assets such as stocks, bonds, and cash

• Intellectual property such as patents, trademarks, and copyrights

• Assets are typically listed on a balance sheet and can be used to secure loans or investments

Accessing micro Home loans and Lap for no income proof segment requires alternative methods compared to higher ticket size loans for formal income segment.

• Accessing micro Home loans and Lap for no income proof segment may involve assessing the applicant's assets and collateral instead of income proof.

• For higher ticket size loans for formal income segment, income proof and credit history are typically the main factors considered.

• Lenders may require additional security or highe...read more

Individuals with a high credit score have the best CIBIL score.

• Individuals who consistently make timely payments on their loans and credit cards.

• People who have a low credit utilization ratio.

• Those who have a long credit history with a mix of different types of credit accounts.

• Borrowers who have not defaulted on any loans or credit card payments.

• Customers who regularly check their credit report for errors and take steps to correct them.

Many businesses are running well, including tech companies, e-commerce platforms, and healthcare providers.

• Tech companies like Apple and Google are experiencing strong growth due to high demand for their products and services.

• E-commerce platforms such as Amazon and Shopify are thriving as more consumers shop online.

• Healthcare providers are seeing increased demand for medical services and products, especially during the COVID-19 pandemic.

NBFC stands for Non-Banking Financial Company.

• NBFCs are financial institutions that offer banking services like loans, credit facilities, retirement planning, etc. but do not hold a banking license.

• They are regulated by the Reserve Bank of India (RBI) in India.

• Examples of NBFCs include Bajaj Finance, Muthoot Finance, and L&T Finance.

Property papers in my state include title deed, sale deed, encumbrance certificate, and property tax receipts.

• Title deed is a legal document proving ownership of the property.

• Sale deed is a document showing the transfer of ownership from seller to buyer.

• Encumbrance certificate verifies that the property is free from any legal dues or liabilities.

• Property tax receipts show that all taxes related to the property are paid up to date.

Assessing a customer's income involves analyzing their sources of income, employment status, financial statements, and credit history.

• Reviewing pay stubs or income tax returns

• Verifying employment status with employer

• Analyzing bank statements for regular deposits

• Checking credit reports for income information

• Considering additional sources of income such as rental properties or investments

Customers visit the collection officer for various reasons related to their accounts or debts.

• Customers visit to discuss payment plans or negotiate settlements.

• Customers visit to inquire about their outstanding balances or request account statements.

• Customers visit to dispute charges or resolve billing issues.

• Customers visit to make payments or set up automatic payment arrangements.

• Customers visit to seek assistance with financial hardships or explore options for debt consoli...read more

I increase customers for the company by implementing targeted marketing strategies, building strong relationships with clients, and providing exceptional customer service.

• Developing personalized marketing campaigns to attract new customers

• Utilizing social media platforms to reach a wider audience

• Networking with potential clients and industry professionals

• Offering promotions or discounts to incentivize new customers

• Ensuring excellent customer service to retain existing custome...read more

Legal reports should be read carefully and thoroughly to understand the legal implications and recommendations.

• Start by reading the executive summary to get an overview of the report.

• Pay attention to the facts presented and the legal analysis provided.

• Look for any recommendations or conclusions made by the legal experts.

• Check for any references or citations to understand the basis of the legal opinions.

• Consider seeking clarification from legal professionals if any parts of th...read more

To read a technical report, one must first understand the purpose, structure, and key components of the report.

• Understand the purpose of the report and what information it aims to convey.

• Review the executive summary for a high-level overview of the report.

• Examine the methodology section to understand how the data was collected and analyzed.

• Analyze the results and findings to draw conclusions based on the data presented.

• Look for recommendations or conclusions provided by the a...read more