SMFG India Credit Interview Questions, Process, and Tips

Q1. Explain about DSCR?
Ans. 
DSCR stands for Debt Service Coverage Ratio, a financial ratio used to measure a company's ability to pay its debts.
• DSCR is calculated by dividing a company's operating income by its total debt service obligations.

• A DSCR of 1 or higher indicates that a company is generating enough income to cover its debt payments.

• Lenders typically look for a DSCR of 1.25 or higher when considering a loan application.

• For example, if a ...read more
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Q2. Debt Equity Ratio?
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Q1. Introduction and works relateds
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Q2. Sales works and collection
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Q1. What is group loans
Ans. 
Group loans are loans provided to a group of individuals who are jointly responsible for repayment.
• Group loans are typically provided to a group of individuals who know each other and are willing to support each other in repayment.

• Each member of the group is responsible for the repayment of the loan, and if one member defaults, the others are expected to cover the payment.

• Group loans are commonly used in microfinance i...read more
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Pl & bl loans checking for cases correctly and uploading

Q1. Files uploading after once check and completed my work
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Q1. Previous work experience details
Ans. 
I have 5 years of experience as a Credit Manager in a bank, overseeing branch credit operations.
• Managed a team of credit analysts and loan officers to ensure efficient credit evaluation and approval processes.

• Developed and implemented credit policies and procedures to mitigate risk and ensure compliance with regulatory requirements.

• Analyzed financial statements, credit reports, and other relevant information to assess ...read more
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Q1. Work experience details
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Q2. Current CTC how much
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I am currently earning a competitive salary based on my experience and qualifications.
• My current CTC is in line with industry standards.

• I have been receiving regular salary increments based on my performance.

• I am satisfied with my current compensation package.
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Q1. Can you tell me about yourself?
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Q2. What is your understanding of procurement?
Ans. 
Procurement is the process of obtaining goods or services from external sources.
• Procurement involves sourcing, purchasing, and negotiating contracts for goods and services.

• It includes activities such as supplier selection, price negotiation, and contract management.

• Procurement aims to ensure that the organization obtains the best value for money and meets its needs efficiently.

• Examples of procurement activities include...read more
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Q1. Tell me about yourself.
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Q2. What is your understanding of procurement?
Ans. 
Procurement is the process of obtaining goods or services from external sources.
• Procurement involves sourcing, purchasing, and negotiating contracts for goods and services.

• It includes activities such as supplier selection, price negotiation, and contract management.

• Procurement aims to ensure that goods and services are acquired at the best possible price and quality.

• Examples of procurement activities include issuing pu...read more
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Q3. What are your key qualifications that make you a suitable candidate for this position?
Ans. 
I have extensive experience in team leadership, problem-solving, and customer service.
• Strong leadership skills demonstrated through previous supervisory roles

• Proven ability to solve complex problems efficiently and effectively

• Excellent customer service skills with a track record of exceeding customer expectations
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Q4. How do you manage pressure in the workplace?
Ans. 
I manage pressure in the workplace by prioritizing tasks, staying organized, and maintaining open communication with my team.
• Prioritize tasks based on deadlines and importance

• Stay organized by creating to-do lists and setting realistic goals

• Maintain open communication with team members to delegate tasks and ask for help when needed
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