Bajaj Finance Credit Operation Executive Interview Questions and Answers

Journal entry for Credit Relationship Manager position

• Identify the accounts involved (e.g. Cash, Accounts Receivable, Sales)

• Determine the type of transaction (e.g. sale of goods, payment of expenses)

• Debit and credit the appropriate accounts based on the transaction

• Ensure the accounting equation (Assets = Liabilities + Equity) remains balanced

The particular item is found in the liabilities section of the balance sheet.

• Liabilities section of the balance sheet

• Opposite of assets

• Includes debts and obligations

CBIL stands for Credit Bureau India Limited, which is a credit information company in India.

• CBIL is a credit information company that collects and maintains credit information of individuals and businesses.

• It provides credit reports and scores to lenders to help them make informed lending decisions.

• CBIL helps in reducing the risk of default by providing accurate credit information.

• It plays a crucial role in the credit ...read more

Metrics used to evaluate risk include credit score, debt-to-income ratio, payment history, and credit utilization.

• Credit score: A numerical representation of a borrower's creditworthiness based on their credit history.

• Debt-to-income ratio: The percentage of a borrower's monthly income that goes towards paying debts.

• Payment history: A record of a borrower's past payments on credit accounts.

• Credit utilization: The amount

Seeking new challenges and growth opportunities in a different work environment.

• Desire for career advancement

• Looking for new challenges

• Seeking better work-life balance

• Company restructuring or downsizing

• Relocation to a different city

My salary expectation is in line with industry standards and based on my experience and qualifications.

• Research industry standards for Credit Manager salaries

• Consider my experience and qualifications when determining salary expectation

• Be open to negotiation based on the overall compensation package offered