IDFC FIRST Bank Assistant Vice President Interview Questions and Answers

Q1. Professional experience
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Q2. About Collection process
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Q1. Details review about profile
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Q1. Tell us about your Family Background
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Q2. Tell us about your education
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Q1. Tell us about your schooling
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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...read more
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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
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Psychometric test related to your behavior and nature

Simple test from Datacamp - Python and Machine learning

Q1. Explain your projects?
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Q2. Basic questions on Machine learning
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Q3. Explain your current Job role?
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Q1. Reason for job change
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Q2. Explain your experience on Data Science projects
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Discussion on business growth and processing of credit proposals

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
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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...read more
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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...read more
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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.
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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
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