Anand Rathi Global Finance Interview Questions and Answers

To manage central underwriting cases with sales and branch credit team, effective communication and collaboration are key.

• Establish clear communication channels between the central underwriting team, sales team, and branch credit team.

• Regularly hold meetings or conference calls to discuss and review underwriting cases, ensuring everyone is on the same page.

• Define roles and responsibilities for each team to avoid duplication of efforts and ensure efficient workflow.

• Implement a...read more

I have successfully approved loans for individuals with credit scores below 700, resulting in significant business growth.

• Implemented targeted marketing strategies to attract individuals with lower credit scores

• Offered specialized loan products with flexible terms for individuals with less than ideal credit

• Provided financial education and guidance to help improve credit scores over time

• Collaborated with credit bureaus to assess risk and determine appropriate loan amounts

• Monit...read more

Managing the central underwriting process involves establishing clear guidelines, efficient communication, and effective risk assessment.

• Establish clear underwriting guidelines to ensure consistency and minimize errors

• Implement efficient communication channels to facilitate collaboration between underwriters

• Utilize technology and automation to streamline the underwriting process

• Conduct thorough risk assessments to make informed credit decisions

• Regularly review and update unde...read more

Yes, I have successfully closed multiple CV loans under 12% interest rate.

• Yes, I have closed several CV loans at 10% interest rate for clients with excellent credit scores.

• I have experience negotiating with lenders to secure favorable interest rates for clients.

• I always strive to find the best financial solutions for my clients while meeting company targets.

The PAN India underwriting process involves assessing the creditworthiness of borrowers across all regions of India.

• The underwriting process involves evaluating the financial stability, credit history, and repayment capacity of borrowers.

• Credit managers analyze the borrower's income, employment history, and existing debts to determine their ability to repay the loan.

• They also consider factors like the borrower's credit score, collateral, and industry risk.

• The underwriting pro...read more

The process for approval and disbursement in a CV loan involves several steps and criteria.

• The applicant submits a loan application along with the required documents.

• The credit executive reviews the application and assesses the applicant's creditworthiness.

• The executive analyzes the applicant's financial statements, credit history, and collateral.

• If the applicant meets the eligibility criteria, the loan is approved.

• The approved loan amount and terms are communicated to the ap...read more

A good CIBIL score typically ranges from 700 to 900.

• CIBIL score ranges from 300 to 900, with higher scores indicating better creditworthiness

• A score above 700 is generally considered good by lenders

• Maintaining a good credit score can help in getting better loan terms and interest rates

DPD stands for Days Past Due, which indicates the number of days a payment is overdue. OD stands for Overdraft, which is when a bank account balance goes below zero.

• DPD is used in credit operations to track the number of days a payment is overdue.

• OD occurs when a bank account balance goes below zero, resulting in overdraft fees.

• DPD and OD are important metrics for assessing credit risk and managing cash flow.

• Example: A customer has a DPD of 30 days on their loan payment, indi...read more