10+ Interview Questions and Answers

Filing in litigation for NPA customers involves following legal procedures to recover unpaid debts.

• Gather all relevant documentation related to the debt and customer

• File a complaint with the appropriate court

• Serve the customer with the complaint and summons

• Attend court hearings and present evidence to support the claim

• Seek judgment from the court and enforce it if necessary

The recovery of money was successful through diligent legal actions and negotiations.

• Implemented strategic legal actions to recover funds

• Negotiated settlements with debtors to secure payments

• Utilized legal remedies such as liens or garnishments

• Collaborated with internal and external stakeholders for successful recovery

• Monitored and tracked progress of recovery efforts

Punchvality is a term that does not have a standard definition in the legal field.

• Punchvality is not a recognized legal term or concept.

• It is possible that the interviewer misspoke or meant to ask a different question.

• It is important to clarify with the interviewer what they meant by 'punchvality.'

SARFAESI stands for Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act.

• SARFAESI Act allows banks and financial institutions to auction residential or commercial properties when borrowers default on loan payments.

• It provides a legal framework for the enforcement of security interests by banks without the intervention of the court.

• The Act aims to reduce non-performing assets in the banking sector and improve recovery of dues.

• SARFAESI ...read more

Report the fraud to the higher authorities and conduct an investigation.

• Immediately report the fraud to the higher authorities such as the branch manager or the head of the audit department.

• Conduct a thorough investigation to gather evidence and identify the extent of the fraud.

• Take necessary steps to prevent further fraud and implement measures to strengthen internal controls.

• Cooperate with law enforcement agencies if required.

• Maintain confidentiality and ensure that the inv...read more

The HR department does not call employees for resignation as it is not their responsibility.

• HR department is responsible for hiring, onboarding, and managing employee benefits

• The decision to terminate an employee is made by the employee's manager or higher-ups

• HR may facilitate the termination process, but they do not initiate it

• If an employee feels pressured to resign, they should speak to HR or higher-ups for support

• HR may conduct exit interviews to gather feedback and impro...read more

I have over 10 years of experience in relationship management and my rate of interest is competitive with the market.

• I have worked in relationship management for over 10 years

• I keep up with market trends and adjust my rate of interest accordingly

• My rate of interest is competitive with the market

• I prioritize building strong relationships with clients

Sourcing loan cases from the market involves building relationships with potential clients and leveraging various marketing channels.

• Identify potential clients through market research and networking

• Develop relationships with clients through personalized communication and follow-up

• Utilize various marketing channels such as social media, email marketing, and advertising to reach a wider audience

• Offer competitive loan products and services to attract clients

• Partner with other bu...read more

I handle pressure by prioritizing tasks, taking breaks, and seeking support when needed.

• I prioritize tasks based on urgency and importance

• I take breaks to clear my mind and recharge

• I seek support from colleagues or superiors when necessary

• I maintain a positive attitude and focus on solutions rather than problems

• For example, during a busy period at my previous job, I created a to-do list and delegated tasks to team members to ensure everything was completed on time

• I also took ...read more

Yes, I have knowledge about data entry.

• Proficient in entering data accurately and efficiently

• Familiar with data entry software and tools

• Experience in organizing and maintaining data in spreadsheets

• Ability to follow data entry procedures and guidelines

• Attention to detail to ensure data accuracy

• Example: Entered customer information into database system