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Karur Vysya Bank Credit Manager Interview Questions, Process, and Tips
Top Karur Vysya Bank Credit Manager Interview Questions and Answers
- Q1. What are KYC documents? Is PAN card a KYC document ?
- Q2. How do you check eligibility for a salaried employee?
- Q3. What is CIBIL and what do you check in detail?
Karur Vysya Bank Credit Manager Interview Experiences
2 interviews found
Anonymous
Selected
I applied via Referral and was interviewed in Feb 2024. There was 1 interview round.
(7 Questions)
- Q1. What is the concept of LTV?
- Ans.
LTV stands for Lifetime Value, which is the predicted net profit attributed to the entire future relationship with a customer.
LTV helps businesses understand the long-term value of a customer and make decisions on customer acquisition and retention strategies.
It takes into account factors such as customer acquisition cost, average purchase value, and customer lifespan.
For example, if a customer typically makes a $100 p...
- Q2. What is DSCR and how do you check loan eligibility for a self employed non professional?
- Ans.
DSCR stands for Debt Service Coverage Ratio. To check loan eligibility for a self employed non professional, you would typically calculate their DSCR.
DSCR is a financial ratio that measures a company's ability to cover its debt obligations with its operating income.
To calculate DSCR, you divide the company's net operating income by its total debt service.
A DSCR of 1 or higher indicates that the company generates enough...
- Q3. What is CIBIL and what do you check in detail?
- Ans.
CIBIL is a credit information company that provides credit scores based on an individual's credit history.
CIBIL stands for Credit Information Bureau (India) Limited.
It is one of the four credit information companies in India.
CIBIL collects credit information from banks and financial institutions to generate credit reports and scores.
Factors checked include payment history, credit utilization, length of credit history, ...
- Q4. How do you check eligibility for a salaried employee?
- Ans.
Eligibility for a salaried employee is checked by verifying their employment status, income level, and credit history.
Verify employment status through pay stubs or employment verification letter
Check income level through recent pay stubs or tax returns
Review credit history through credit reports from bureaus like Equifax or TransUnion
- Q5. What is Repo Rate and Reverse Repo Rate
- Ans.
Repo rate is the rate at which the central bank lends money to commercial banks, while reverse repo rate is the rate at which the central bank borrows money from commercial banks.
Repo rate is used by the central bank to control inflation and liquidity in the economy.
Reverse repo rate is used to absorb excess liquidity in the market.
Repo rate is higher than the reverse repo rate.
Example: If the repo rate is 5% and the r...
- Q6. What are KYC documents? Is PAN card a KYC document ?
- Ans.
KYC documents are documents required for verifying the identity of customers. PAN card is a KYC document.
KYC documents are Know Your Customer documents used for verifying the identity of customers.
Examples of KYC documents include Aadhaar card, passport, driver's license, and voter ID card.
PAN card is also considered a KYC document as it contains details such as name, date of birth, and photograph of the individual.
- Q7. What will you discuss during Personal Discussion (PD) with potential customer and what will you observe during the PD?
- Ans.
During a Personal Discussion with a potential customer, a Credit Manager will discuss the customer's financial situation, credit history, repayment capabilities, and any potential risks. They will observe the customer's communication skills, honesty, and willingness to provide necessary information.
Discuss the customer's financial situation and income sources.
Review the customer's credit history and repayment track rec...
Interview Preparation Tips
- Chartered Accountant
- Mba Finance
- bcom
Most of the banks asks about Documents like Legal and Technical, Sale Deed, Agreement of Sale, Link Documents,........ relating to Mortgage Loans(Home Loan, LAP)
Kashish Goyal
Selected
I applied via Campus Placement and was interviewed before May 2023. There was 1 interview round.
(1 Question)
- Q1. About work done during articleship and latest banking news and rbi circular
Top trending discussions
Interview questions from similar companies
I applied via Campus Placement and was interviewed before Jul 2021. There were 2 interview rounds.
IBPS type of exam , a little less hard
Be open to ideas and honest
Interview Preparation Tips
- General awareness
Manish Verma
The basic aptitude test conducted
A list of topics provided. The entire group unanimously picked up the single topic.
(2 Questions)
- Q1. What are the important factors to consider when assessing a lending decision?
- Ans.
Important factors to consider when assessing a lending decision
Borrower's credit history and credit score
Income and employment stability of the borrower
Debt-to-income ratio of the borrower
Purpose of the loan and the borrower's ability to repay
Collateral or assets provided by the borrower
Interest rates and terms of the loan
- Q2. Various financial statements
(1 Question)
- Q1. RBI rates applicable in India
- Ans.
RBI rates in India refer to the interest rates set by the Reserve Bank of India for lending and borrowing of funds.
RBI's key policy rates include the repo rate, reverse repo rate, and marginal standing facility rate.
These rates influence the borrowing and lending rates for banks and ultimately impact the economy.
For example, a decrease in the repo rate can lead to lower interest rates on loans for consumers and busines
(1 Question)
- Q1. Different export finance
- Ans.
Export finance refers to financial products and services that assist businesses in international trade transactions.
Export finance can include trade credit insurance, export factoring, letters of credit, and export credit agencies.
These financial products help mitigate risks associated with exporting goods and services to foreign markets.
Export finance can also involve currency exchange services to manage foreign excha...
Interview Preparation Tips
Selected
I was interviewed before Jan 2023.
(1 Question)
- Q1. Basic questions about current role
(2 Questions)
- Q1. Basic questions about current role
- Q2. Basic questions about current job
I applied via Referral and was interviewed before Mar 2023. There were 2 interview rounds.
(1 Question)
- Q1. 1st was telephonic round where the Product Head asked me about my profile .Job details ,salary expectations,Reason for change and basic questions like years of work experience and native place,Type of pro...
(1 Question)
- Q1. A senior person took my interview questioned me for around 40-45 minutes or personal things also he asked like if I have children where will they study and asked me about details of the project and was con...
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed in Jul 2024. There were 3 interview rounds.
(2 Questions)
- Q1. General discussion
- Q2. Experience
Regional Head along with National Head
(1 Question)
- Q1. Salary discussion.
I applied via Newspaper Ad and was interviewed before Aug 2021. There were 3 interview rounds.
I have time punctuality and honestly to work and responsibilities our job
(1 Question)
- Q1. About yourself and job responsibilities and qualifications
Interview Preparation Tips
Selected
I was interviewed before Apr 2022.
Preliminary Examination Multiple choice questions with 100 Ques in 60 minutes
Mains Exam with both objective and subjective part.
(4 Questions)
- Q1. Diff b/w ATM Card amd Debit Card
- Ans.
ATM card is used to withdraw cash from ATM machines while debit card is used for online and offline transactions.
ATM card is linked to a savings or current account while debit card can be linked to both savings and current accounts.
ATM card can only be used to withdraw cash from ATM machines while debit card can be used for online and offline transactions.
ATM card does not have a CVV number while debit card has a CVV n...
- Q2. How ur knowledge will help us
- Ans.
My knowledge will help in improving team performance, customer satisfaction and achieving business goals.
I have experience in managing teams and ensuring their productivity
I have knowledge of customer service and can ensure customer satisfaction
I have a good understanding of business operations and can contribute to achieving business goals
I am familiar with industry trends and can provide insights for improvement
I hav...
- Q3. Ques from previous work experience
- Q4. Why you choose banking
- Ans.
I chose banking because of its stability, growth opportunities, and the chance to work with diverse clients.
I chose banking because it offers stability and job security.
I am attracted to the growth opportunities in the banking industry.
I enjoy working with diverse clients and helping them achieve their financial goals.
Banking allows me to utilize my analytical and problem-solving skills.
I find the financial industry fa...
Interview Preparation Tips
- Banking
Karur Vysya Bank Interview FAQs
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Karur Vysya Bank Credit Manager Interview Process
based on 3 interviews
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Karur Vysya Bank Credit Manager Reviews and Ratings
based on 7 reviews
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253
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137
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