IDFC FIRST Bharat Branch Credit Manager Interview Questions and Answers

Q1. Current job details
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Q2. Salar details ,
Ans. Previous salary and current salary details
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Q3. How to proceed cov
Ans. 
Proceeding with the credit evaluation process by analyzing financial documents and assessing creditworthiness.
• Review financial statements and credit reports

• Assess credit risk and determine credit limits

• Verify income and employment information

• Consider past credit history and payment behavior

• Communicate with applicants to gather additional information
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Q1. Salary details discussion
Ans. Previous salary and new hike salary discussion
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Product knowledge and Patience, Ready to take responsibility

Q1. Credit Experience
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Q2. Previous credit Experience
Ans. 
I have 5 years of experience as a Credit Manager in a financial institution.
• Managed a portfolio of over 500 clients

• Analyzed credit reports and financial statements to assess risk

• Negotiated payment terms and settlements with clients

• Implemented credit policies and procedures to minimize risk

• Collaborated with sales team to ensure credit approval aligned with business goals
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Mortgage experience -All product knowledge About Credit Underwriting

Q1. 3 round interview
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Q2. Reference
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Brief strong product knowledge

Q1. About the process and product
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Q2. Good and well structured
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Q1. About the salary package .And the hike %
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Q1. What products did you handle in your previous company?
Ans. 
In my previous role, I managed a diverse portfolio of credit products, focusing on risk assessment and customer relationship management.
• Handled personal loans, including unsecured and secured options, ensuring compliance with lending policies.

• Managed credit card products, analyzing usage patterns to optimize credit limits and reduce default risks.

• Oversaw small business loans, working closely with entrepreneurs to asses...read more
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Q2. What are the terms associated with bureau reports?
Ans. 
Bureau reports provide insights into credit history, scores, and risk factors for lending decisions.
• Credit Score: A numerical representation of creditworthiness, typically ranging from 300 to 850.

• Credit Report: A detailed account of an individual's credit history, including accounts, inquiries, and payment history.

• Inquiries: Requests for credit information, which can be 'hard' (affecting score) or 'soft' (not affecting...read more
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About experience and product knowledge and CIBIL

About CTC AND working location

Q1. Joining process and CTC related
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Q1. They will ask about your resume education & experience details.Then mainly about your previous experience in old company,what you learned,what's the reason for switch over, Financial knowledge,Willing to w...read more
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Q1. Salary expectation, Willing to work in remote locations,Reason for job change,What you will be in next 5 years!
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