IDFC FIRST Bank
Weavers Web Solutions Interview Questions and Answers
Q1. How much cases you can process on daily basis?
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.
Q2. Cibil study what is sma ? Full form of dpd
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
Q3. Approval rate and delinquency rate of your current product.
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.
Q4. How can you assess the credit worthiness with income docs ??
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
Q5. How many files do you sanction per month ??
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.
Q6. What is STD in cibil ?
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
Q7. Financial ratios required to decison
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
Q8. What is dscr and ice ratio
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
Q9. Delinquency ratio ?
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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