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Bank of Maharashtra Credit Officer Interview Questions and Answers

Updated 22 Jul 2024

Bank of Maharashtra Credit Officer Interview Experiences

1 interview found

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(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. ...

  • Answered by AI
  • 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.

    • ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - TECHNICAL & ASKED A LOT OF DATA

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

IBPS takes test moderate to high

Round 2 - One-on-one 

(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...

  • Answered by AI
  • 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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Easy , stay confident
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Mar 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Companies act related questions.
  • Q2. Taxation related questions
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Jul 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

On general agenda and banking

Round 3 - HR 

(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...

  • Answered by AI

I applied via Approached by Company and was interviewed before Apr 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(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.
Round 3 - HR 

(1 Question)

  • Q1. What are your salary expectations?

Interview Preparation Tips

Interview preparation tips for other job seekers - Offer emotional support. One of the first thing that can do to help a job seeker is to emotional support

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

Interview preparation tips for other job seekers - need to have clear product and market knowledge especially about HCV segment strong financials knowledge and positive outlook, body language

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 ...

  • Answered by AI
  • Q3. How u handle a customer and what question u asked from customer to help credit approval

Interview Preparation Tips

Interview preparation tips for other job seekers - make ur confidence to high all of question put up related to credit and ur work and ur previous exp

I applied via Company Website and was interviewed before Jul 2020. There was 1 interview round.

Interview Preparation Tips

Interview preparation tips for other job seekers - Online interview Monday to Friday

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 ...

  • Answered by AI
  • 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 ...

  • Answered by AI
  • Q9. Financial ration

Interview Preparation Tips

Interview preparation tips for other job seekers - It was good

Bank of Maharashtra Interview FAQs

How many rounds are there in Bank of Maharashtra Credit Officer interview?
Bank of Maharashtra interview process usually has 1 rounds. The most common rounds in the Bank of Maharashtra interview process are One-on-one Round.
What are the top questions asked in Bank of Maharashtra Credit Officer interview?

Some of the top questions asked at the Bank of Maharashtra Credit Officer interview -

  1. RECENT DIRECTIONS BY RBI ON WILLFUL DEFAULT...read more
  2. MSME PRODUCTS OF ...read more

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Bank of Maharashtra Credit Officer Interview Process

based on 1 interview

Interview experience

3
  
Average
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Bank of Maharashtra Credit Officer Salary
based on 11 salaries
₹8 L/yr - ₹20 L/yr
272% more than the average Credit Officer Salary in India
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Bank of Maharashtra Credit Officer Reviews and Ratings

based on 2 reviews

4.5/5

Rating in categories

4.5

Skill development

4.1

Work-life balance

4.5

Salary

4.7

Job security

4.4

Company culture

4.1

Promotions

4.1

Work satisfaction

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