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IIFL Finance
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I applied via Walk-in
To achieve targets as a Branch Manager, I will focus on setting clear goals, motivating and training my team, implementing effective strategies, and closely monitoring progress.
Set clear and specific targets for each team member
Motivate and inspire the team through regular communication and recognition of achievements
Provide necessary training and development opportunities to enhance skills and knowledge
Implement effec...
I applied via Walk-in and was interviewed in Sep 2023. There were 3 interview rounds.
I applied via Referral and was interviewed in Jul 2023. There was 1 interview round.
IIFL Finance interview questions for popular designations
I applied via Walk-in and was interviewed in Sep 2023. There were 2 interview rounds.
Gold loan process involves pledging gold as collateral to secure a loan.
Customer brings gold jewelry to lender for appraisal
Lender determines value of gold and offers loan amount based on value
Customer agrees to terms and conditions, including interest rate and repayment schedule
Customer receives loan amount in exchange for gold jewelry
Customer repays loan amount plus interest to retrieve gold jewelry
The responsibility of gold loan is to provide financial assistance to individuals by lending money against gold as collateral.
Accepting gold as collateral for loan
Evaluating the value of the gold
Disbursing the loan amount based on the gold's value
Collecting interest and principal payments
Safeguarding the gold until the loan is repaid
Taking possession of the gold in case of default
Get interview-ready with Top IIFL Finance Interview Questions
I applied via Recruitment Consulltant
CIBIL is a credit information company that collects and maintains records of individuals' credit behavior.
CIBIL stands for Credit Information Bureau (India) Limited.
It provides credit scores and reports to lenders to help them assess the creditworthiness of potential borrowers.
CIBIL scores range from 300 to 900, with higher scores indicating better creditworthiness.
Lenders use CIBIL reports to make informed decisions o...
Primary KYC (Know Your Customer) is the initial process of verifying the identity of a customer before providing financial services.
Primary KYC involves collecting basic information such as name, address, date of birth, and identification documents.
It is a mandatory process for financial institutions to prevent money laundering and fraud.
Customer due diligence is also conducted during primary KYC to assess the risk ass...
Internal audit is conducted to evaluate and improve the effectiveness of risk management, control, and governance processes within an organization.
To ensure compliance with laws and regulations
To assess the effectiveness of internal controls
To identify areas for improvement in risk management processes
To provide assurance to stakeholders
To prevent fraud and mismanagement
To enhance operational efficiency
To safeguard ass
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The duration of IIFL Finance interview process can vary, but typically it takes about less than 2 weeks to complete.
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Branch Manager
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Gold Appraiser
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Assistant Manager
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Customer Care Executive
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Relationship Manager
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