Indian Overseas Bank Manager Interview Questions and Answers

Q1. What is your hobby
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Q2. What is last year appraisal
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Q1. Sector analysis based on current experience
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Financial cash flow model build from scratch

Interview test on case study

Q1. Background related questions, education, family etc
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Online exam for customer responses

Current role discussion

Q1. Current role discussion
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Q2. Package discussion
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Q1. Basic profile related questions
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Q2. Credit audit related questions
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Q3. Method of credit appraisal
Ans. 
Credit appraisal involves evaluating the creditworthiness of a borrower before approving a loan.
• Assessing the borrower's credit history, including past loans and repayment behavior

• Analyzing the borrower's income and financial stability

• Reviewing the borrower's debt-to-income ratio

• Considering the purpose of the loan and the borrower's ability to repay

• Using credit scoring models to determine risk level

• Verifying the borrow
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Q4. Basic ratios used in credit assessments
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Basic ratios used in credit assessments include debt-to-income ratio, loan-to-value ratio, and credit utilization ratio.
• Debt-to-Income Ratio: Compares an individual's monthly debt payments to their monthly income.

• Loan-to-Value Ratio: Compares the amount of a loan to the appraised value of the asset being purchased.

• Credit Utilization Ratio: Compares the amount of credit being used to the total amount of credit available
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Q5. Knowledge of business segment
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Q1. Examples of how will you act in situations
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Q1. Current Lending scenario in the country
Ans. 
The current lending scenario in the country is characterized by low interest rates, increased competition among lenders, and a growing trend towards digital lending platforms.
• Interest rates are at historic lows, leading to increased borrowing activity.

• Traditional banks are facing stiff competition from online lenders and fintech companies.

• Digital lending platforms are gaining popularity due to their convenience and qui...read more
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Same questions repeated and answers compared

Q1. Reconciliation of balance sheet
Ans. 
Reconciliation of balance sheet involves comparing and adjusting the balances of assets, liabilities, and equity to ensure accuracy.
• Reconciliation involves comparing the balances on the balance sheet with supporting documentation such as bank statements, invoices, and receipts.

• Any discrepancies or errors found during the reconciliation process should be investigated and corrected.

• Reconciliation may include verifying th...read more
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Q2. What is reconciliation
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Reconciliation is the process of comparing and matching two sets of records to ensure they are accurate and in agreement.
• Reconciliation involves comparing financial statements, bank statements, or other records to identify discrepancies.

• It helps to ensure that all transactions are properly recorded and accounted for.

• Reconciliation can be done on a regular basis to maintain accurate financial records.

• Examples of reconci...read more
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