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Weavers Web Solutions Interview Questions and Answers

Updated 12 Jun 2024
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Q1. How much cases you can process on daily basis?

Ans.

I can process around 20-25 cases on a daily basis depending on the complexity of the cases.

  • The number of cases processed depends on the complexity of the cases.

  • On average, I can process around 20-25 cases per day.

  • I prioritize cases based on their urgency and importance.

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Q2. Cibil study what is sma ? Full form of dpd

Ans.

SMA in CIBIL study stands for Special Mention Account. DPD stands for Days Past Due.

  • SMA is a category in CIBIL report that indicates accounts with delayed payments.

  • DPD is the number of days by which a borrower has delayed payment of EMIs or credit card bills.

  • SMA accounts have payments overdue between 1-90 days, while accounts with DPD of 90 days or more are classified as NPA.

  • Lenders use these parameters to assess the creditworthiness of a borrower before approving a loan or c...read more

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Q3. Approval rate and delinquency rate of your current product.

Ans.

Our approval rate is 85% and delinquency rate is 5% for the current product.

  • Our approval rate is higher than industry average.

  • We have strict credit checks in place to maintain low delinquency rate.

  • We continuously monitor and analyze our approval and delinquency rates to make necessary adjustments.

  • For example, we recently increased our credit score requirement to reduce delinquency rate.

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Q4. How can you assess the credit worthiness with income docs ??

Ans.

Credit worthiness can be assessed with income docs by analyzing income stability, consistency, and sufficiency.

  • Verify the source of income to ensure it is stable and reliable.

  • Check for consistency in income levels over a period of time.

  • Assess whether the income is sufficient to cover existing debts and potential new credit obligations.

  • Look for any irregularities or discrepancies in the income documentation.

  • Consider the type of income (e.g. salary, rental income, investment in...read more

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Q5. How many files do you sanction per month ??

Ans.

I sanction an average of 50 files per month.

  • I typically sanction around 50 files per month.

  • The number of files sanctioned can vary depending on the complexity of each case.

  • For example, in busier months, I may sanction up to 70 files, while in slower months, it may be closer to 40.

  • I prioritize quality over quantity when sanctioning files to ensure accuracy and compliance.

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Q6. What is STD in cibil ?

Ans.

STD in CIBIL stands for 'Standard' and refers to a credit score category indicating a moderate level of creditworthiness.

  • STD is one of the credit score categories used by CIBIL, a credit information company in India.

  • It represents a moderate level of creditworthiness, indicating that the borrower has a fair credit history.

  • Borrowers with an STD rating may have a mix of positive and negative credit behavior.

  • Lenders may consider offering loans or credit to individuals with an STD...read more

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Q7. Financial ratios required to decison

Ans.

Financial ratios are essential for credit decisions.

  • Liquidity ratios (current ratio, quick ratio) measure a company's ability to meet short-term obligations.

  • Profitability ratios (gross profit margin, net profit margin) measure a company's ability to generate profits.

  • Debt ratios (debt-to-equity ratio, interest coverage ratio) measure a company's ability to manage debt.

  • Efficiency ratios (inventory turnover ratio, accounts receivable turnover ratio) measure a company's ability t...read more

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Q8. What is dscr and ice ratio

Ans.

DSCR stands for Debt Service Coverage Ratio and ICE Ratio stands for Interest Coverage Ratio.

  • DSCR is a financial ratio that measures a company's ability to cover its debt payments with its operating income.

  • It is calculated by dividing the company's operating income by its total debt service.

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

  • ICE Ratio, on the other hand, measures a company's ability to cover its interest ...read more

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Q9. Delinquency ratio ?

Ans.

Delinquency ratio is a financial metric that measures the percentage of outstanding loans that are past due.

  • Delinquency ratio is calculated by dividing the total amount of delinquent loans by the total outstanding loan balance.

  • It is used by credit managers to assess the credit quality and risk of a loan portfolio.

  • A high delinquency ratio indicates a higher risk of default and potential financial losses.

  • For example, if a credit manager has a delinquency ratio of 5%, it means t...read more

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Interview Process at Weavers Web Solutions

based on 22 interviews
3 Interview rounds
Resume Shortlist Round
Aptitude Test Round
HR Round
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