Cholamandalam Investment & Finance Senior Credit Officer Interview Questions and Answers

Q1. What is branch rc limit
Ans. 
Branch RC limit refers to the maximum amount of credit that a branch is authorized to extend to its customers.
• Branch RC limit is set by the senior management based on the branch's financial strength and risk appetite.

• It helps in controlling the credit exposure of the branch and ensures that it operates within its financial limits.

• Exceeding the branch RC limit can lead to increased credit risk and potential losses for t...read more
Answered by AI
View 1 more answer
Q2. What is dealer rc limit
Ans. 
Dealer RC limit refers to the maximum amount of credit that a dealer is allowed to borrow from a financial institution.
• Dealer RC limit is set by the financial institution based on the dealer's creditworthiness and business needs.

• It helps to manage the risk exposure of the financial institution by limiting the amount of credit extended to a single dealer.

• Exceeding the dealer RC limit may result in additional scrutiny or...read more
Answered by AI
Add your answer
Q3. What is credit policy, what is kyc policy
Ans. 
Credit policy outlines guidelines for extending credit to customers, while KYC policy ensures customer identity verification to prevent fraud.
• Credit policy is a set of guidelines and procedures that a company follows when extending credit to customers.

• It includes criteria for evaluating creditworthiness, setting credit limits, and managing credit risk.

• KYC (Know Your Customer) policy is a set of procedures for verifying...read more
Answered by AI
View 1 more answer
Q4. What your work at your previous company and what is the reason behind leaving it
Add your answer
Q5. Customer cibil verification what is od, sub, lss, dbt
Add your answer

Group discussion about the previous job and credit underwriting

Q1. Salary discussion and previous work experience
Add your answer