BASSEIN CATHOLIC CO-OP BANK Assistant Manager Interview Questions, Process, and Tips

DP calculation for CC involves determining the credit limit based on the customer's creditworthiness and financial history.

• DP stands for credit Decision Point, which is a numerical value used to determine the credit limit for a customer.

• Factors considered in DP calculation include credit score, income level, debt-to-income ratio, and payment history.

• Example: If a customer has a high credit score and low debt-to-income ...read more

Bank income is important for financial stability and growth.

• Bank income includes interest earned on loans and investments.

• Fee income from services like account maintenance and overdraft fees is also important.

• Income from trading activities and investment banking can contribute significantly to bank income.

• Diversification of income sources is key to reducing risk and ensuring stable income streams.

A balance sheet of a bank is a financial statement that shows the bank's assets, liabilities, and shareholders' equity at a specific point in time.

• Assets include cash, loans, investments, and physical assets like buildings and equipment.

• Liabilities consist of deposits, borrowings, and other obligations the bank owes to external parties.

• Shareholders' equity represents the bank's net worth, calculated as assets minus lia...read more

To audit a loan, review documentation, verify borrower information, assess risk, and ensure compliance with regulations.

• Review loan documentation including application, credit report, income verification, and collateral details

• Verify borrower information such as identity, employment history, and credit score

• Assess risk factors including debt-to-income ratio, loan-to-value ratio, and credit history

• Ensure compliance with...read more