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IDFC FIRST Bank Assistant Vice President Interview Questions and Answers

Updated 6 Oct 2023

IDFC FIRST Bank Assistant Vice President Interview Experiences

2 interviews found

Interview experience
1
Bad
Difficulty level
Hard
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Apr 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Reason for job change and how are my skill useful for current job
  • Q2. Reason for choosing idfc
Round 2 - One-on-one 

(1 Question)

  • Q1. Challenges of working In new bank
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Job Portal and was interviewed in Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(11 Questions)

  • Q1. Let me know your profile Yes of course,thank you very much for sort out my name for interview ,I am so and so residing at urban place
  • Q2. Let me know your company and experience Yes of course, I was working in Canara Bank gained unblemished experience of 34 years worked as bank assistant, as assistant manager for 7 years ,as manager 5 years...
  • Q3. Oh very nice and congratulations on completing 34 years of service,what are the places you have been worked. Thank you,I worked in totally 13 branches like,Rural ,semi urban,urban in Andhra Pradesh and Ta...
  • Q4. What is your last working branch Nagercoil,Tamilnadu
  • Ans. 

    My last working branch was in Nagercoil, Tamilnadu.

    • I worked at the Nagercoil branch in Tamilnadu.

    • I was responsible for managing the operations and customer service at the branch.

    • During my time there, I successfully implemented new strategies to increase customer satisfaction and improve efficiency.

    • I also led a team of employees and ensured smooth functioning of the branch.

    • One of my achievements was achieving a signific

  • Answered by AI
  • Q5. What is the big ticket size of the beach yes it is ₹435 crore total business
  • Ans. 

    The big ticket size of the beach is ₹435 crore total business.

    • The beach generates a total business of ₹435 crore.

    • This indicates a significant economic impact of the beach.

    • The beach likely attracts a large number of tourists and visitors.

    • The beach may have various revenue streams such as tourism, hospitality, and retail.

    • The big ticket size suggests that the beach is a major contributor to the local economy.

  • Answered by AI
  • Q6. What is retail deposits Yeah it is around ₹320 crores
  • Ans. 

    Retail deposits refer to funds deposited by individuals or small businesses in banks or other financial institutions.

    • Retail deposits are a major source of funding for banks and financial institutions.

    • These deposits are typically low-risk and offer lower interest rates compared to other investment options.

    • Examples of retail deposits include savings accounts, checking accounts, and certificates of deposit (CDs).

    • Banks may...

  • Answered by AI
  • Q7. What are the rewards that you have received Yeah,I have received cash award in loan recovery and other third party products like life,general insurance and mutual funds,sip’s etc
  • Ans. 

    I have received cash awards in loan recovery and for promoting third party products like life, general insurance, mutual funds, and SIPs.

    • Received cash award for successful loan recovery

    • Received recognition for promoting third party products like life insurance, general insurance, mutual funds, and SIPs

    • Achieved targets and received incentives for selling third party products

  • Answered by AI
  • Q8. Are you currently working in which company Yeah ,of course currently I am not working
  • Q9. What is your current package It was ₹24 lakh
  • Ans. 

    My current package is ₹24 lakh.

    • My current package is ₹24 lakh.

    • I am currently earning ₹24 lakh per annum.

    • My current salary is ₹24 lakh.

    • I am currently being paid ₹24 lakh as my package.

  • Answered by AI
  • Q10. Are you interested to work any where or any place of choice Yeah of course,if it is inevitable I can
  • Q11. Thank you very much let you know the status very soon,we will meet shortly. Thank you very much for your kind patronage extended during the interview,obviously I also been expecting the same

Interview Preparation Tips

Interview preparation tips for other job seekers - Attend the interview in a positive way with active voice of course it was web based interview

Assistant Vice President Interview Questions Asked at Other Companies

Q1. What measurements previous employer taken after infamous Cobra Po ... read more
Q2. Can I handle all disciplines of E&M and manage interface with ... read more
Q3. Initiative taken for training and development regarding KYC AML C ... read more
Q4. What is the big ticket size of the beach yes it is ₹435 crore tot ... read more
asked in HSBC Group
Q5. Case studies how to target customers based on data base

Interview questions from similar companies

Interview experience
1
Bad
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Aug 2024.

Round 1 - One-on-one 

(2 Questions)

  • Q1. How much clients/business can you bring with yourself
  • Q2. How soon can you join.

Interview Preparation Tips

Interview preparation tips for other job seekers - Please don't join this bank... It is more of a proprietary firm. Salaries are stopped if you are not doing Insurance. One has to bring his own book, and if you are expecting some base to be mapped to you, then it is a genius crime that one has done by asking for a base.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Professional experience
  • Q2. About Collection process
Round 2 - One-on-one 

(1 Question)

  • Q1. Details review about profile

Interview Preparation Tips

Interview preparation tips for other job seekers - Good
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Not Selected

I applied via Walk-in and was interviewed in Jan 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell us about your Family Background
  • Q2. Tell us about your education
Round 2 - One-on-one 

(1 Question)

  • Q1. Tell us about your schooling

Interview Preparation Tips

Interview preparation tips for other job seekers - Career growth, competitive environment, good brand image, good salary
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Nov 2022. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. What is the reason for changing the bank after serving for more than 14+ years?
  • Ans. 

    Looking for new challenges and opportunities for growth.

    • After serving for more than 14 years, I felt that I had reached a plateau in my career and was looking for new challenges and opportunities for growth.

    • I wanted to expand my skill set and gain experience in different areas of banking.

    • I was attracted to the vision and culture of the new bank and felt that it aligned better with my personal and professional goals.

    • I a...

  • Answered by AI
  • Q2. After 6 years, where will you standing?
  • Ans. 

    In 6 years, I see myself as an accomplished AVP with a proven track record of success and a strong leadership presence.

    • Continuing to develop my skills and knowledge in the industry

    • Leading a high-performing team and driving results

    • Building strong relationships with key stakeholders

    • Contributing to the overall growth and success of the organization

    • Mentoring and coaching others to achieve their full potential

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Banks portal and was interviewed before Dec 2023. There was 1 interview round.

Round 1 - Aptitude Test 

Psychometric test related to your behavior and nature

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep Focused and speak to the mark.

I applied via Recruitment Consulltant and was interviewed in Mar 2022. There were 3 interview rounds.

Round 1 - Coding Test 

Simple test from Datacamp - Python and Machine learning

Round 2 - Technical 

(3 Questions)

  • Q1. Explain your projects?
  • Q2. Basic questions on Machine learning
  • Q3. Explain your current Job role?
Round 3 - One-on-one 

(2 Questions)

  • Q1. Reason for job change
  • Q2. Explain your experience on Data Science projects

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep it simple and explain them your contribution and experience on live projects you have worked on.
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via Newspaper Ad and was interviewed before May 2023. There were 2 interview rounds.

Round 1 - Group Discussion 

Discussion on business growth and processing of credit proposals

Round 2 - Nil 

(5 Questions)

  • Q1. How to obtain Credit Rating of an SME customer
  • Ans. 

    Obtain credit rating of an SME customer by analyzing financial statements, credit reports, and industry trends.

    • Request financial statements from the SME customer

    • Analyze the financial statements to assess the financial health of the SME

    • Obtain credit reports from credit rating agencies like Moody's or S&P

    • Consider industry trends and economic factors that may impact the credit rating

    • Consult with credit analysts or financi

  • Answered by AI
  • Q2. How liquidity ratio of a Bank depends their growth? What you mean by vertical growth?
  • Ans. 

    Liquidity ratio of a bank impacts its growth by determining its ability to meet short-term obligations. Vertical growth refers to expansion within the same industry.

    • Liquidity ratio measures a bank's ability to meet short-term liabilities with its short-term assets.

    • A higher liquidity ratio indicates a bank has more assets readily available to cover its liabilities, which can support growth by providing financial stabili...

  • Answered by AI
  • Q3. What is rural banking
  • Ans. 

    Rural banking refers to banking services provided in rural areas to cater to the financial needs of the rural population.

    • Rural banking focuses on providing financial services to people living in rural and remote areas.

    • It includes services like savings accounts, loans, insurance, and other financial products tailored to the needs of rural customers.

    • Rural banks often have branches in small towns and villages to ensure ac...

  • Answered by AI
  • Q4. Who appoint Ombudsman
  • Ans. 

    The Ombudsman is appointed by the President of the country.

    • The Ombudsman is appointed by the President of the country.

    • The appointment of the Ombudsman is usually based on recommendations from a selection committee.

    • The Ombudsman is responsible for investigating complaints against government officials and agencies.

    • The Ombudsman serves as an independent and impartial mediator between the government and the public.

  • Answered by AI
  • Q5. How to calculate current asset
  • Ans. 

    Current assets can be calculated by adding together all assets that are expected to be converted into cash or used up within one year.

    • Calculate current assets by adding together cash, accounts receivable, inventory, and other assets expected to be converted into cash within one year.

    • Exclude long-term assets such as buildings or equipment from the calculation.

    • Examples of current assets include cash, marketable securitie

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Reply fearlessly and sincerely

I applied via Approached by Company and was interviewed in Sep 2018. There were 6 interview rounds.

Interview Questionnaire 

10 Questions

  • Q1. Over the call it happened, as i was in Mumbai and Utkarsh’s corporate office is in Varanasi.
  • Q2. At the time of interview, i was with Development Bank Of Singapore, and working with Institutional Banking Group- COO team! I joined DBS couple of months ago only.
  • Q3. The first one why i want to join a small finance bank while working with MNC and why i am thinking about change within a short period of time?
  • Q4. On the day of my telephonic interview, supreme court verdict was announced regarding voluntary disclosure of Aadhaar, and for money bill, it was a made compulsory (direct benefits for designated banking ac...
  • Q5. Then the next question was about relocation to Varanasi, as Mumbai and Varanasi are pole apart in culture, working ethics etc.
  • Q6. It was a cake walk for me, cause questions were easy and i had already worked with greater scenarios related to Anti Money Laundering
  • Q7. What are behavioural alerts?
  • Ans. 

    Behavioural alerts are notifications triggered by certain actions or patterns of behaviour.

    • They are used in various industries, such as finance and security, to detect potential fraud or threats.

    • Examples include alerts for unusual spending patterns on a credit card or suspicious activity on a network.

    • Behavioural alerts can be customized to fit specific needs and can be automated for real-time monitoring.

    • They rely on da...

  • Answered by AI
  • Q8. What measurements previous employer taken after infamous Cobra Post operation?
  • Ans. 

    The previous employer took several measures after the infamous Cobra Post operation.

    • Implemented stricter security protocols to prevent similar incidents

    • Conducted thorough internal investigations to identify any involvement or negligence

    • Enhanced employee training programs on ethical practices and compliance

    • Strengthened partnerships with regulatory authorities to ensure adherence to industry standards

    • Established a whistl...

  • Answered by AI
  • Q9. Technical things related to statutory reporting and functioning of FIU-IND?
  • Q10. Initiative taken for training and development regarding KYC AML CFT field?
  • Ans. 

    Initiatives taken for KYC AML CFT training and development

    • Conducted regular training sessions for employees on KYC AML CFT regulations

    • Provided access to online courses and resources for self-learning

    • Organized workshops and seminars with industry experts

    • Encouraged employees to obtain relevant certifications

    • Implemented a mentorship program for new hires in the field

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: My Experience and Expertise in the area helped in the short listening of the CV.

Round: Meeting with MD & CEO
Experience: After clearing these rounds a meeting was fixed with MD & CEO of Utkarsh Small Finance Bank Limited, and it was all about attitude, behaviour and expectations from each other!!

General Tips: Be clear in concepts and ready to take challenges! World is waiting for courageous and bold movers! Be a leader rather being a boss..
Logic and rationalism are two great asset, so as communication, attitude and aptitude!!
Skills: Communication, Analytical Skills, Leadership, Time Management, Decision Making Skills
Duration: <1 week

Skills evaluated in this interview

IDFC FIRST Bank Interview FAQs

How many rounds are there in IDFC FIRST Bank Assistant Vice President interview?
IDFC FIRST Bank interview process usually has 2-3 rounds. The most common rounds in the IDFC FIRST Bank interview process are One-on-one Round and Resume Shortlist.
What are the top questions asked in IDFC FIRST Bank Assistant Vice President interview?

Some of the top questions asked at the IDFC FIRST Bank Assistant Vice President interview -

  1. What is the big ticket size of the beach yes it is ₹435 crore total busin...read more
  2. What is retail deposits Yeah it is around ₹320 cro...read more
  3. Let me know your profile Yes of course,thank you very much for sort out my name...read more

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IDFC FIRST Bank Assistant Vice President Interview Process

based on 2 interviews

Interview experience

2.5
  
Poor
View more
IDFC FIRST Bank Assistant Vice President Salary
based on 252 salaries
₹12 L/yr - ₹50 L/yr
At par with the average Assistant Vice President Salary in India
View more details

IDFC FIRST Bank Assistant Vice President Reviews and Ratings

based on 26 reviews

2.9/5

Rating in categories

2.7

Skill development

2.9

Work-life balance

3.5

Salary

3.3

Job security

2.8

Company culture

3.1

Promotions

3.0

Work satisfaction

Explore 26 Reviews and Ratings
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