Bajaj Finance Credit Manager Interview Questions and Answers

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Q1. Normal credit norms and policy
Ans. 
Normal credit norms and policy refer to the standard guidelines followed by a company while extending credit to its customers.
• Credit limit is set based on the customer's creditworthiness

• Payment terms are agreed upon between the company and the customer

• Late payment fees and interest rates are charged for delayed payments

• Credit checks are conducted before extending credit to new customers

• Credit policies are reviewed peri...read more
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Q1. Basic policy test of underwriting and brief introduction of self at starting
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Q2. Market Knowledge, altitude test, case study based discussion, financial formulae check.
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Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q1. Basic questions, Why ru lefting this job?
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Q2. What kind of challenges face and achievements?
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Q1. Why man power services considered as a coution profile
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Q2. GST TO is high but banking EOD balances are very poor, will you go ahead and why?
Ans. 
No, high GST TO does not necessarily indicate good financial health if banking EOD balances are poor.
• High GST TO could be due to high sales but poor collection of receivables

• Poor banking EOD balances could indicate cash flow issues or mismanagement of funds

• Further investigation into the reasons behind poor EOD balances is necessary before making a decision
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Q3. In last 12M dpds are there will you go ahead
Ans. 
I would review the dpds from the last 12 months to assess the credit risk and make informed decisions.
• Reviewing the dpds from the last 12 months helps in understanding the credit risk associated with customers.

• Analyzing the trends in dpds can provide insights into the financial health of the customers.

• Taking proactive measures based on the dpds data can help in minimizing credit losses.

• Using the dpds data to adjust cre...read more
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Q4. What parameters are you checking in banking
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Parameters checked in banking include credit score, income, employment history, debt-to-income ratio, and credit report.
• Credit score

• Income

• Employment history

• Debt-to-income ratio

• Credit report
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Q5. In CIBIL what r u checking and why
Ans. 
In CIBIL, credit managers check credit scores and credit reports to assess an individual's creditworthiness.
• Check credit scores to determine the individual's credit risk

• Review credit reports for any past credit history, outstanding debts, and payment patterns

• Assess the individual's creditworthiness based on the information obtained from CIBIL
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