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Bank of Maharashtra Credit Officer Interview Questions and Answers
Bank of Maharashtra Credit Officer Interview Experiences
1 interview found
Anonymous
(2 Questions)
- Q1. RECENT DIRECTIONS BY RBI ON WILLFUL DEFAULTERS
- Ans.
RBI has issued recent directions on willful defaulters to prevent loan defaults and improve credit discipline.
RBI has mandated banks to report all willful defaulters to Credit Information Companies (CICs).
The central bank has also directed banks to publish photographs of willful defaulters in newspapers.
RBI has set up a Central Repository of Information on Large Credits (CRILC) to track defaulters with exposure of Rs. ...
- Q2. MSME PRODUCTS OF BOM
- Ans.
Bank of Maharashtra offers various MSME products to support small and medium enterprises.
BOM offers MSME loans for working capital, term loans, and project finance.
They provide customized financial solutions based on the needs of the MSME sector.
BOM also offers trade finance facilities like letter of credit and bank guarantees to MSMEs.
The bank has specific schemes like Stand-Up India and Mudra Yojana to support MSMEs.
...
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IBPS takes test moderate to high
(2 Questions)
- Q1. Assessment of working capital
- Ans.
Assessment of working capital involves analyzing a company's current assets and liabilities to determine its ability to meet short-term financial obligations.
Calculate working capital by subtracting current liabilities from current assets.
A positive working capital indicates the company has enough assets to cover its short-term debts.
A negative working capital may signal financial trouble and the need for additional fu...
- Q2. Why do you wan tot join banj
- Ans.
I am passionate about finance and have a strong desire to help individuals and businesses achieve their financial goals.
Passion for finance and helping others
Desire to assist individuals and businesses with financial goals
Interest in the banking industry
Seeking opportunities for professional growth and development
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Selected
I applied via Company Website and was interviewed before Mar 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Companies act related questions.
- Q2. Taxation related questions
Selected
I applied via Campus Placement and was interviewed before Jul 2022. There were 3 interview rounds.
On general agenda and banking
(2 Questions)
- Q1. About current affairs and specifically in banking sector
- Q2. Recession and it's effects
- Ans.
Recession is a period of economic decline characterized by a decrease in GDP, employment, and consumer spending.
Recession is a normal part of the economic cycle, typically lasting 6-18 months.
Effects of recession include higher unemployment rates, decreased consumer confidence, and reduced business investment.
During a recession, credit risk increases as borrowers may struggle to repay loans.
Credit officers must closely...
I applied via Approached by Company and was interviewed before Apr 2021. There were 3 interview rounds.
(5 Questions)
- Q1. What is your family background?
- Q2. Share details of your previous job.
- Q3. Why are you looking for a change?
- Q4. What are your strengths and weaknesses?
- Q5. Tell me about yourself.
(1 Question)
- Q1. What are your salary expectations?
Interview Preparation Tips
I applied via Referral and was interviewed before May 2020. There were 4 interview rounds.
Interview Questionnaire
3 Questions
- Q1. Mostly about product and financials
- Q2. Market knowledge
- Q3. Behavior and body language
Interview Preparation Tips
I applied via Referral and was interviewed before Apr 2019. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. Basicly depend about ur previous experiece and ur education ur hobby and they seen ur confidence
- Q2. What you know about credit
- Ans.
Credit refers to the ability of a borrower to receive funds from a lender with the promise of repayment with interest.
Credit is a financial tool used by individuals and businesses to access funds they may not have immediately available.
Credit can come in many forms, such as loans, credit cards, and lines of credit.
Credit is typically granted based on the borrower's creditworthiness, which is determined by factors such ...
- Q3. How u handle a customer and what question u asked from customer to help credit approval
Interview Preparation Tips
I applied via Company Website and was interviewed before Jul 2020. There was 1 interview round.
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Interview Questionnaire
1 Question
- Q1. Why you chnge this job
I applied via Company Website and was interviewed before Oct 2019. There were 3 interview rounds.
Interview Questionnaire
9 Questions
- Q1. Yourself
- Q2. Engineering then bank
- Q3. Bank can posted you anywhere in india are you ready to relocate
- Q4. What is your goal
- Q5. Banking related question like rbi function etc
- Q6. How you perform in the bank and why should I hire you
- Q7. Latest banking and economic news
- Ans.
The latest banking and economic news covers topics such as interest rates, inflation, and economic growth.
The Federal Reserve recently announced that they will keep interest rates near zero until 2023.
Inflation has been rising due to supply chain disruptions and increased demand.
The US economy grew at an annual rate of 6.4% in the first quarter of 2021.
The stock market has been volatile due to concerns about inflation ...
- Q8. Difference between cash credit. And overdraft
- Ans.
Cash credit is a loan given against inventory or receivables, while overdraft is a facility to withdraw more than the available balance.
Cash credit is a short-term loan given to businesses to meet their working capital needs.
It is secured against inventory or receivables.
Interest is charged only on the amount utilized.
Overdraft is a facility given to account holders to withdraw more than the available balance in their ...
- Q9. Financial ration
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Bank of Maharashtra Interview FAQs
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Bank of Maharashtra Interviews By Designations
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Bank of Maharashtra Credit Officer Interview Process
based on 1 interview
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Bank of Maharashtra Credit Officer Reviews and Ratings
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