ICICI Bank Branch Credit Manager Interview Questions, Process, and Tips

I will check the applicant's credit score, income, employment history, and debt-to-income ratio.

• Credit score

• Income

• Employment history

• Debt-to-income ratio

In tax audit report for loan application, I check for compliance, accuracy, consistency, and potential red flags.

• Check for compliance with tax laws and regulations

• Verify accuracy of reported income and expenses

• Ensure consistency with previous tax returns and financial statements

• Look for potential red flags such as large deductions or unreported income

• Consider the overall financial health of the applicant

If assessee has filed his return in 44AD

• 44AD is a presumptive taxation scheme for small businesses

• The assessee can declare income at 8% of gross receipts

• If the assessee has filed under 44AD, the credit manager should verify the income declared and ensure it is in line with the business activities

• If the income declared is significantly lower than expected, further investigation may be required

CIBIL check includes credit score, credit history, loan repayment behavior, defaults, and outstanding debts.

• Credit score

• Credit history

• Loan repayment behavior

• Defaults

• Outstanding debts

Secured loans are backed by collateral while unsecured loans are not.

• Secured loans require collateral such as a house or car to be pledged as security for the loan.

• Unsecured loans do not require collateral and are based solely on the borrower's creditworthiness.

• Secured loans typically have lower interest rates than unsecured loans.

• Examples of secured loans include mortgages and auto loans, while credit cards and person

Car loan is a secured loan.

• Car loan is secured by the car itself as collateral.

• If the borrower defaults on the loan, the lender can repossess the car.

• Interest rates on secured loans are generally lower than unsecured loans.

• Examples of unsecured loans include personal loans and credit cards.

The COVID-19 pandemic has affected various industries, with some being hit harder than others.

• Travel and tourism industry has been severely impacted due to travel restrictions and lockdowns.

• Hospitality industry has also suffered due to closure of restaurants, bars, and hotels.

• Retail industry has seen a shift towards online shopping, with brick-and-mortar stores struggling.

• Entertainment industry has been hit hard with m...read more

To analyze a loan file before disbursement, one should check the borrower's credit score, income, employment history, and collateral.

• Check the borrower's credit score to determine their creditworthiness

• Verify the borrower's income to ensure they can repay the loan

• Review the borrower's employment history to assess their stability

• Evaluate the collateral to determine its value and ensure it can cover the loan amount

• Check ...read more

Before disbursements, due diligence should be done to ensure the borrower's creditworthiness and ability to repay the loan.

• Verify the borrower's identity and credit history

• Assess the borrower's income and expenses to determine their ability to repay the loan

• Check for any outstanding debts or liens on the borrower's assets

• Evaluate the purpose of the loan and the borrower's business plan

• Ensure compliance with all regulat...read more