FirstRand Bank Interview Questions and Answers

Q1. Discussed about my personal discussion and my overall experience
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Q2. Disussion about product knowledge
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Q3. Discussed about why didn't have team handling Experience?
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Q1. What is current CTC?
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Q2. What is the Expectation CTC?
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Q1. What's your current experience
Ans. 
I have 5 years of experience in credit analysis and risk assessment in the banking industry.
• 5 years of experience in credit analysis and risk assessment

• Proficient in financial statement analysis

• Strong understanding of credit risk management

• Experience in evaluating loan applications and determining creditworthiness

• Familiarity with regulatory requirements in the banking sector
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Q2. Did you achieved any goal in previous platform.
Ans. 
Yes, I achieved a goal of increasing loan approval rate by 15% in my previous role.
• Implemented new credit evaluation process to streamline decision-making

• Provided training to team members on identifying creditworthy applicants

• Collaborated with sales team to improve communication and documentation

• Utilized data analytics to identify trends and make data-driven decisions
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Q3. Do you participate any bankingevents
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Yes, I actively participate in banking events to stay updated on industry trends and network with professionals.
• I regularly attend banking conferences and seminars to learn about new regulations and technologies in the industry.

• I have participated in workshops on credit risk management and financial analysis to enhance my skills and knowledge.

• I am a member of a banking association where I attend networking events to co
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Q4. Are you suitable for appliedrole.
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Yes, I am suitable for the role of Credit Officer due to my strong financial background and experience in analyzing credit risk.
• I have a degree in finance and have completed relevant courses in credit analysis.

• I have previous experience working as a credit analyst, where I successfully assessed credit risk for various clients.

• I am proficient in financial modeling and have a strong understanding of financial statements.

• ...read more
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Q5. Tell about Equitas bank
Ans. 
Equitas Small Finance Bank is a scheduled commercial bank in India focused on serving the financial needs of micro and small enterprises.
• Equitas Small Finance Bank was established in 2007 as a microfinance institution before receiving a banking license in 2016.

• The bank offers a range of financial products and services including savings accounts, fixed deposits, loans, and insurance.

• Equitas Small Finance Bank has a stro...read more
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Discuss about financial risk and management

Q1. Graduation Related Questions
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Q2. Family Background Related Questions
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Q3. How much Reference do you have about the market
Ans. 
I have extensive knowledge and experience in the market, including key players, trends, and customer needs.
• I have worked in the sales industry for X years, gaining valuable insights into market dynamics.

• I regularly attend industry conferences and networking events to stay updated on market trends.

• I have built strong relationships with key stakeholders in the market, allowing me to gather valuable market intelligence.

• I ...read more
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Q4. Will you achieve your given targets completely every month
Ans. 
I will strive to achieve my targets every month by utilizing my sales skills and strategies.
• I will create a detailed sales plan and set achievable targets for myself

• I will continuously monitor my progress and make necessary adjustments to ensure target achievement

• I will proactively seek out new opportunities and leads to meet and exceed my targets
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Q1. Salary Discussion
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Q2. Cibil Report Check
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Q1. How did you deliver projects using agile delivery
Ans. 
I delivered projects using agile delivery by following Scrum framework, conducting daily stand-ups, sprint planning, and retrospectives.
• Utilized Scrum framework to break down projects into manageable tasks

• Conducted daily stand-up meetings to track progress and address any blockers

• Facilitated sprint planning sessions to prioritize tasks and set goals for each sprint

• Organized retrospectives to reflect on what went well a...read more
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Q2. Payment related question and the process
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Q1. Group id in kafka consumer configuration
Ans. 
Group id is a unique identifier for a group of consumers in Kafka consumer configuration.
• Group id helps in coordinating the consumption of messages among multiple consumers in a consumer group.

• Each consumer group should have a unique group id to ensure proper message distribution.

• Changing the group id will result in the consumer group starting consumption from the beginning of the topic.

• Group id is specified in the con...read more
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Q2. Recursive algorithm for multiplying 2 numbers
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Recursive algorithm for multiplying 2 numbers
• Define a base case for when one of the numbers is 0

• Use recursion to repeatedly add the second number to the result until the first number reaches 0

• Consider handling negative numbers and optimizing for efficiency
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Q3. Spring filters implementation
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Spring filters are used to intercept HTTP requests and responses in a Spring application.
• Spring filters can be used for logging, authentication, authorization, etc.

• They are implemented using the javax.servlet.Filter interface.

• Filters can be configured in the web.xml file or using annotations like @WebFilter.

• Example: Implementing a logging filter to log incoming requests and outgoing responses.
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Q4. SQL query for first 5 biggest salaries
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SQL query to retrieve the first 5 biggest salaries from a table
• Use the ORDER BY clause to sort salaries in descending order

• Use the LIMIT clause to limit the results to the first 5 rows
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Q1. How would you build a high performing REST service, that calls a downstream API meant for "Notification" service? [Hint: Async service calls]
Ans. 
To build a high performing REST service for Notification API calls, use asynchronous service calls.
• Use asynchronous programming techniques like CompletableFuture or reactive programming to make non-blocking service calls.

• Implement circuit breakers and timeouts to handle potential failures and prevent cascading failures.

• Optimize the service by tuning thread pools, connection pools, and caching mechanisms.

• Consider using ...read more
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Q2. How would you test your REST API, while the downstream API that you are calling is not ready for test yet? [Hint: Mocks in Mockito]
Ans. 
Use Mockito to create mock objects for downstream API testing.
• Create a mock object using Mockito for the downstream API

• Define the behavior of the mock object to simulate responses

• Inject the mock object into the test environment to simulate the downstream API calls

• Write test cases to verify the functionality of the REST API using the mock object
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Q1. What design pattern you usually used?
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I usually use the MVC (Model-View-Controller) design pattern in my projects.
• Separates the application into three main components: Model (data), View (UI), and Controller (logic)

• Promotes code reusability, modularity, and maintainability

• Examples: Laravel framework in PHP, Spring framework in Java
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Q2. What is the difference between array and arraylist
Ans. 
Array is a fixed-size data structure while ArrayList is a dynamic-size data structure in Java.
• Array is a fixed-size collection of elements of the same data type, while ArrayList is a dynamic-size collection that can grow or shrink.

• Arrays can store primitive data types and objects, while ArrayList can only store objects.

• Arrays require a specified size during initialization, while ArrayList can dynamically resize itself.

• ...read more
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Q1. Describe a situation when there was a team disagreement and how did you handle it.
Ans. 
Handled team disagreement by facilitating open communication and finding common ground.
• Encouraged team members to express their perspectives and concerns

• Listened actively to understand all sides of the disagreement

• Facilitated a discussion to find common ground and reach a consensus

• Focused on the team's goals and objectives to guide the resolution process
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Q2. Current systems that you are using with facts and figures.
Ans. 
Currently using Salesforce CRM for customer management and Tableau for data visualization.
• Salesforce CRM is used for managing customer relationships and tracking sales activities.

• Tableau is used for creating interactive data visualizations and dashboards.

• Salesforce CRM has helped increase sales by 20% in the past year.

• Tableau has improved data analysis efficiency by 30%.
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