Kinara Capital Credit Officer Interview Questions and Answers

KYC stands for Know Your Customer. It is a process used by businesses to verify the identity of their clients and assess potential risks.

• KYC is a regulatory requirement in many industries, including banking, insurance, and financial services.

• The purpose of KYC is to prevent identity theft, fraud, money laundering, and terrorist financing.

• KYC involves collecting and verifying customer information, such as name, address,...read more

Reducing and flat rate of interest refers to the interest rate charged on loans or investments.

• Reducing rate of interest means the interest is calculated on the outstanding principal amount, which reduces with each payment.

• Flat rate of interest means the interest is calculated on the original principal amount throughout the loan tenure.

• Reducing rate of interest is more beneficial for borrowers as they end up paying les...read more

Hero Fincrop has an office in Kolkata.

• Hero Fincrop has a branch office in Kolkata.

• The office is located in a prime location in the city.

• The office provides various financial services to customers.

• The staff at the office is well-trained and customer-friendly.

To apply for a DSA Code, you need to follow a specific process.

• Contact the relevant authority or organization that issues DSA Codes.

• Submit the required documents and information, such as identification proof and business details.

• Complete any necessary training or certification programs.

• Wait for the approval of your DSA Code application.

• Once approved, you will receive your DSA Code.