IIFL Finance Assistant Credit Manager Interview Questions and Answers

Q1. What is your name?, What is your previous experience, how much previous salary, How many years experience
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Q2. Family members name, family members job details,
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Q3. Previous job company details, work details
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Q4. My family members job details and contact numbers,
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Explain the good friend

Explain the family details

Q1. Working place and location
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Q2. My experience credit team SME
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Q1. My job experience 6 years
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Q2. On time job working
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Q1. May notice period 2 month
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Q2. Dehradun Vikasnagr
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Q1. Tell me about yourself.
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Q2. What motivates you to want to join BFIL?
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Q3. Basic questions about previous employers and reasons of leaving previous job.
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Q1. Financial questions
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Q2. Disbursement type of question
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Q3. Customer problem handle
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Q4. Behaviour of all senior
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Q5. How to manage target
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Q1. When was microfinance established
Ans. 
Microfinance was established in the 1970s as a way to provide financial services to low-income individuals and communities.
• Microfinance originated in the 1970s as an initiative to alleviate poverty and promote financial inclusion.

• The Grameen Bank in Bangladesh, founded by Muhammad Yunus in 1976, is often credited as the pioneer of modern microfinance.

• Microfinance institutions offer small loans, savings accounts, and ot...read more
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Q2. Muthoot MICROFIN CEO
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Q3. The company was set up muthoot
Ans. MR N. Mathai Muthoot) in 1887 at Kozhencherry
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Q1. What is your previous work process.
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Q2. What is the maximum limit of loan you deals with.
Ans. 
As a Credit Risk Analyst, I typically deal with loan limits ranging from $10,000 to $1,000,000 depending on the client's creditworthiness.
• Loan limits can vary based on the client's credit score, income, and financial history.

• I have experience analyzing and approving loans ranging from small personal loans to large commercial loans.

• The maximum loan limit I have dealt with is $1,000,000 for a commercial real estate proje...read more
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Q1. What do you know about Shriram Finance
Ans. 
Shriram Finance is a leading non-banking financial company in India, specializing in vehicle financing.
• Established in 1974

• Offers a wide range of financial products including loans for commercial vehicles, passenger vehicles, and construction equipment

• Has a strong presence in rural and semi-urban areas

• Part of the Shriram Group, a prominent conglomerate in India
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Q2. What is your basic understanding of Credit Analyst
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Credit Analyst assesses the creditworthiness of individuals or companies by analyzing financial data and determining the likelihood of repayment.
• Evaluate financial data such as income, assets, debts, and credit history

• Assess risk factors and determine credit ratings

• Make recommendations on credit limits and terms

• Monitor and review credit accounts for potential risks

• Communicate findings and recommendations to management
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