SMFG India Credit Legal Manager Interview Questions and Answers

Online based aptitude test. Recruiters were overseeing the test. Everyone required to bring laptops for the same. (Campus placement). Contained basic legal questions from property law, criminal law, cpc, family law and constitution. Questions from current affairs and Gk as well. About 50 questions, some of them repetitive. Based on difficulty level I'd say easy to moderate if you're prepared. There are basic questions like what is Art 14, and a little bit complicated ones like maximum number of adjournments that can be made by a civil court.

We were required to select a topic of our choice based on consensus of opinion. There was no particular order to present our opinions or arguments, they let us get right into the discussion part. The recruiters specify the time limit. All you have to do is close the arguments and conclude by then.

Q1. Whether I'd be willing to work at the company long term, say three years or more.
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Q2. Whether I'd be willing to relocate to a place of occupation assigned to me by the company.
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Q1. What is your experience in housing finance
Ans. 
I have over 5 years of experience in housing finance, including managing legal aspects such as contracts, compliance, and risk assessment.
• Managed legal aspects of housing finance such as contracts, compliance, and risk assessment

• Over 5 years of experience in housing finance

• Experience in negotiating and drafting loan agreements and mortgage documents
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Q2. Tell me details regarding regulatory compliances
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Regulatory compliances refer to laws and regulations that organizations must adhere to in order to operate legally and ethically.
• Regulatory compliances vary by industry and location

• Organizations must stay updated on changes in regulations

• Non-compliance can result in fines, legal action, or reputational damage

• Examples include GDPR in Europe, HIPAA in the US, and FCPA globally
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Q3. Contract Review and management of the same
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Q4. Compliances and ethics practices in the current market
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Compliance and ethics practices are crucial in the current market to ensure legal adherence and maintain trust with stakeholders.
• Regularly review and update compliance policies to align with changing regulations

• Provide ongoing training to employees on ethical practices and legal requirements

• Implement robust monitoring and reporting mechanisms to detect and address any compliance issues

• Establish a culture of transparenc...read more
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Q5. Collaboration skills with other departments
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Civil and Criminal Laws

Q1. What is mortgage
Ans. 
A mortgage is a loan used to purchase real estate, with the property serving as collateral for the loan.
• A mortgage is a legal agreement between a borrower and a lender where the borrower receives funds to purchase a property and agrees to repay the loan with interest over a specified period of time.

• The property being purchased is used as collateral for the loan, meaning that if the borrower fails to repay the loan, the...read more
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Q2. Stamp duty for Registration of sale deed
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Stamp duty for registration of sale deed is a mandatory fee paid to the government for registering a property transaction.
• Stamp duty rates vary by state and are calculated based on the property value or sale consideration.

• Stamp duty must be paid before the registration of the sale deed.

• Failure to pay stamp duty can lead to legal consequences such as penalties or invalidation of the sale deed.

• Stamp duty can be paid onli...read more
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