IIFL Finance Branch Credit Manager Interview Questions and Answers

Q1. Please, tell me about yourself
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Q2. Please, tell me about previous profile
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Q1. Previous work details
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Q2. Why want to change
Ans. 
Seeking new challenges and growth opportunities in a larger organization.
• Desire for career advancement

• Interest in taking on more responsibilities

• Looking for a change in work environment

• Seeking better compensation or benefits

• Wanting to work for a more reputable company
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Q3. How to evaluate a customer for credit worthiness
Ans. 
Evaluate customer credit worthiness by analyzing financial history, credit score, income, and payment behavior.
• Check credit score and credit history

• Analyze income and employment stability

• Review payment behavior on previous debts

• Consider debt-to-income ratio

• Look for any outstanding loans or bankruptcies

• Evaluate the length of credit history
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Q4. Situation based question
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Q5. Why want to join hdb
Ans. 
I want to join HDB because of its strong reputation in the industry and the opportunities for growth and development.
• HDB has a strong reputation in the industry for providing excellent financial services

• I am impressed by HDB's commitment to employee growth and development

• I believe that my skills and experience align well with the values and goals of HDB
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Q1. Job duties and responsibility in previous company and overall experience in credit?
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Q2. Education qualification?
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Q3. Reason for looking new job?
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Q4. Family details?
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Q1. Previous employment and salary?
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Q2. Education qualification?
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Q3. Previous Net salary and expectation?
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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. Wat is FSI AND WHY 13 YEARS TRACE REQUIRED
Ans. 
FSI stands for Financial Stress Index. 13 years trace is required to analyze long-term financial trends.
• FSI is a measure of financial stress in the economy, taking into account various indicators such as interest rates, credit spreads, and market volatility.

• Analyzing a 13-year trace allows for a comprehensive understanding of long-term financial trends and patterns.

• This long-term data helps in identifying potential ris...read more
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All related to decision making,General questions all about decision making, simple arithmetic and reasoning question but you have answer maximum number of questions in very low time that's the main task

Q1. About credit based on your past assignments and related to PD, technical,legal,, CIBIL, other related to credit underwriting and etc.,
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Q2. Credit related questions
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Q1. Tell me about yourself.
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Q2. Tell me about self and education
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Q3. Details of job related questions
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Q4. About company information
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