IndusInd Bank Interview Questions, Process, and Tips for Experienced

Q1. List your major audit findings
Ans. 
Major audit findings include financial discrepancies, lack of internal controls, and compliance issues.
• Identified significant financial discrepancies in the budget allocation process

• Noted a lack of internal controls leading to potential fraud risks

• Discovered non-compliance with regulatory requirements in procurement practices
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Q2. Case study on credit due diligence
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Q1. What is the difference between OD and VC?
Ans. 
OD stands for Overdraft while VC stands for Venture Capital.
• OD is a type of credit facility provided by banks to customers where they can withdraw more money than they have in their account, up to a certain limit.

• VC is a form of financing provided to early-stage companies that have the potential for high growth in exchange for equity ownership.

• OD is typically short-term and used for managing cash flow fluctuations, whi...read more
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Q2. How you determine drawing power?
Ans. 
Drawing power is determined by assessing the borrower's ability to access funds from their credit line.
• Evaluate the borrower's current outstanding balance on their credit line.

• Consider the borrower's credit limit and any restrictions on the line of credit.

• Assess the borrower's repayment history and creditworthiness.

• Calculate the difference between the credit limit and the outstanding balance to determine the drawing po...read more
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Q3. What is DLOD?
Ans. 
DLOD stands for Days Late on Delivery, a metric used to measure the number of days a delivery is late.
• DLOD is calculated by subtracting the actual delivery date from the scheduled delivery date.

• It helps assess the efficiency of a company's supply chain and logistics operations.

• For example, if a shipment was scheduled to be delivered on January 15th but arrived on January 20th, the DLOD would be 5 days.
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Q4. What is Leverage ratio?
Ans. 
Leverage ratio is a financial metric that measures the proportion of a company's debt to its equity.
• Leverage ratio is calculated by dividing total debt by total equity.

• It indicates the level of financial risk a company is taking by using debt to finance its operations.

• A high leverage ratio means a company has more debt relative to equity, which can be risky in times of economic downturn.

• A low leverage ratio indicates a...read more
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Q5. Why do you what to switch job?
Ans. 
Seeking new challenges and growth opportunities in a more dynamic environment.
• Looking for new challenges and opportunities for growth

• Interested in a more dynamic work environment

• Seeking to expand my skill set and knowledge in credit analysis
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Q1. About my previous work
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Q2. What is SOP, SLA, TAT
Ans. 
SOP stands for Standard Operating Procedure, SLA stands for Service Level Agreement, and TAT stands for Turnaround Time.
• SOP is a set of step-by-step instructions compiled by an organization to help workers carry out routine operations.

• SLA is a commitment between a service provider and a client. It defines the level of service expected from the service provider.

• TAT is the time taken to complete a process or fulfill a re...read more
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Q3. Tell me about your self
Ans. 
I am a dedicated and empathetic customer care executive with 5 years of experience in resolving customer issues and providing exceptional service.
• 5 years of experience in customer care

• Skilled in resolving customer issues

• Strong focus on providing exceptional service

• Empathetic and dedicated approach

• Excellent communication skills
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Q1. How much clients/business can you bring with yourself
Ans. 
I have a strong network of clients and can bring in new business through my relationships and expertise.
• I have successfully brought in X number of clients in my previous role by leveraging my network and industry knowledge.

• I have a proven track record of expanding business opportunities through client referrals and networking events.

• I am confident in my ability to bring in new clients and grow the business through stra
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Q2. How soon can you join.
Ans. 
I can join within two weeks of receiving a formal offer.
• I can start within two weeks of receiving an offer.

• My current job requires a two-week notice period.

• I have ongoing projects that need to be wrapped up before I can start.

• I need to relocate and need time to make necessary arrangements.
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Q1. What is current account
Ans. 
A current account is a type of bank account that allows frequent transactions and withdrawals.
• Current accounts are typically used for everyday banking needs such as paying bills, receiving salaries, and making purchases.

• They offer features like debit cards, online banking, and overdraft facilities.

• Interest rates on current accounts are usually lower compared to savings accounts.

• Examples of current account providers inc...read more
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Q2. How to do kyc for business account for single and multiple user as a firm
Ans. 
KYC for business accounts involves verifying the identity of single and multiple users as a firm.
• Collect identification documents for all owners and authorized signatories

• Verify the business registration documents

• Check for any beneficial owners or ultimate beneficial owners

• Perform risk assessment based on the nature of the business and transaction volume

• Regularly update KYC information to ensure compliance
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Q3. Does bank give any interest on current account
Ans. 
No, banks do not typically give interest on current accounts.
• Current accounts usually do not earn interest as they are designed for everyday transactions

• Banks offer savings accounts for customers to earn interest on their deposits

• Some banks may offer interest on current accounts but it is rare and usually comes with certain conditions
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Q4. When you will join
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Q5. About family members
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Mathematical test and essay writing test

Q1. About myself and job experience
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Q2. Job resign reason
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