Karur Vysya Bank Internal Auditor Interview Questions and Answers

The basic aptitude test conducted

A list of topics provided. The entire group unanimously picked up the single topic.

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
Answered by AI
Add your answer
Q2. Various financial statements
Add your answer

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
Answered by AI
Add your answer

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...read more
Answered by AI
Add your answer

Q1. Basic questions about current role
Add your answer

Q1. Basic questions about current role
Add your answer
Q2. Basic questions about current job
Add your answer

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...read more
Add your answer

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...read more
Add your answer

Q1. General discussion
Add your answer
Q2. Experience
Add your answer

Regional Head along with National Head

Q1. Salary discussion.
Add your answer

Q1. Are you comfortable with the shifts.
Ans. 
Yes, I am comfortable with shifts and have experience working different schedules.
• I have previous experience working various shifts in my previous roles.

• I am adaptable and can easily adjust to different schedules.

• I understand the importance of flexibility in the workplace and am willing to work different shifts as needed.
Answered by AI
Add your answer

Q1. Work experience in detail.
Add your answer
Q2. What are the analyst's responsibilities ?
Add your answer

Q1. How to calculate service level ?
Ans. 
Service level is calculated by dividing the number of calls answered within a certain time frame by the total number of calls received.
• Determine the time frame for which you want to calculate the service level

• Count the number of calls received during that time frame

• Count the number of calls answered within the specified time frame

• Divide the number of calls answered by the total number of calls received and multiply by ...read more
Answered by AI
Add your answer
Q2. How to calculate shrinkage in the right way ?
Ans. 
Shrinkage can be calculated by dividing the difference between actual and expected values by the expected value.
• Calculate expected value of a variable

• Calculate actual value of the same variable

• Subtract actual value from expected value

• Divide the difference by expected value to get shrinkage percentage

• Example: If expected sales are $100,000 and actual sales are $80,000, the shrinkage percentage is 20%
Answered by AI
Add your answer

Q1. Salary expectations based on previous package ?
Add your answer
Q2. Open to relocate, if yes, how soon ?
Ans. 
Yes, I am open to relocate. Ideally within the next 2-3 months.
• I am willing to relocate for the right opportunity

• I am flexible with the timeline, but ideally within the next 2-3 months

• I am open to discussing relocation packages and assistance
Answered by AI
Add your answer