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Kotak Mahindra Bank Credit Processing Associate Interview Questions, Process, and Tips
Top Kotak Mahindra Bank Credit Processing Associate Interview Questions and Answers
- Q1. What is the formula of Cost of goods sold?
- Q2. What is difference between AY FY?
- Q3. Do you have knowledge of banking industry
Kotak Mahindra Bank Credit Processing Associate Interview Experiences
3 interviews found
Anonymous
(5 Questions)
- Q1. Do you have knowledge of banking industry
- Ans.
Yes, I have knowledge of the banking industry.
I have a degree in finance and have worked in banking for 5 years.
I am familiar with banking regulations and procedures.
I have experience in credit processing and loan approvals.
I have attended industry conferences and workshops to stay updated on industry trends.
- Q2. Do you know the market
- Ans.
Yes, I am familiar with the market trends, competitors, and customer preferences.
I regularly research market trends and competitor activities to stay updated
I analyze customer feedback and preferences to understand market demands
I attend industry conferences and networking events to stay connected with market influencers
- Q3. Do you belong to commerce background
- Ans.
Yes, I have a commerce background with a degree in Business Administration.
I have a Bachelor's degree in Business Administration
I have taken courses in accounting, finance, and economics
I have previous work experience in a financial institution
- Q4. Have ever seen audited financial statements
- Ans.
Yes, I have seen audited financial statements during my previous role as a financial analyst.
Yes, I have reviewed audited financial statements as part of my job responsibilities.
I have experience analyzing financial data and ensuring accuracy in financial reports.
I am familiar with the process of auditing financial statements to ensure compliance with regulations and standards.
- Q5. Do you know banking terms
- Ans.
Yes, I am familiar with banking terms.
I am familiar with terms like APR, overdraft, collateral, and interest rates.
I understand terms related to credit processing such as credit score, credit limit, and credit utilization.
I am knowledgeable about terms like debit card, savings account, checking account, and loan.
I have experience with terms like mortgage, compound interest, principal, and escrow.
(1 Question)
- Q1. Tell me about your self.
- Ans.
I am a detail-oriented professional with experience in credit processing and a strong focus on accuracy and efficiency.
Experienced in credit processing procedures and regulations
Strong attention to detail and accuracy
Efficient in handling large volumes of data
Excellent communication and problem-solving skills
I applied via Referral and was interviewed before Jan 2021. There was 1 interview round.
Interview Questionnaire
4 Questions
- Q1. You should be know the financials like current assets, lalibilites secured, unsecured Loans
- Q2. What is the formula of Cost of goods sold?
- Ans.
The formula for Cost of Goods Sold (COGS) is the beginning inventory plus purchases minus ending inventory.
COGS = Beginning Inventory + Purchases - Ending Inventory
Beginning Inventory refers to the value of inventory at the start of the accounting period
Purchases represent the cost of additional inventory acquired during the period
Ending Inventory is the value of inventory at the end of the accounting period
COGS is an ...
- Q3. What is difference between AY FY?
- Ans.
AY and FY are abbreviations used in financial contexts to refer to different time periods.
AY stands for Assessment Year, which is the year in which income is assessed for tax purposes.
FY stands for Financial Year, which is the year in which financial statements are prepared.
AY is used in the context of income tax calculations, while FY is used in the context of financial reporting.
For example, if the financial year is ...
- Q4. What is the profit?
- Ans.
The profit is the financial gain obtained by subtracting the total cost from the total revenue.
Profit = Total Revenue - Total Cost
It is a measure of financial success for a business or individual
It can be expressed as a percentage of revenue or cost
Example: If a company earns $100,000 in revenue and incurs $80,000 in costs, the profit is $20,000
Example: If a product costs $50 to produce and is sold for $75, the profit
Interview Preparation Tips
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- Q1. Basic questions regarding bank and they checked my communication skills
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I applied via Website and was interviewed before Mar 2022. There were 4 interview rounds.
General test included maths reasoning general knowledge and current affairs.
They are giving 5 subject on that subject we have to talk
(3 Questions)
- Q1. TELL ABOUT YOUR SELF
- Q2. TELL about your family background
- Q3. READY FOR WORK IN ANY LOCATION
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed before Feb 2022. There was 1 interview round.
(2 Questions)
- Q1. Basic details like family background and work experience of previous job.
- Q2. Job role in previous job
Interview Preparation Tips
Interview Questionnaire
2 Questions
- Q1. Forget all just anyhow sell max life job is urs by truth or crook sell insurance
- Q2. Worst bank ever in life
- Ans.
I cannot name a worst bank as it would be unprofessional and unethical.
As a professional, it is not ethical to name a worst bank.
It is important to maintain a positive and respectful attitude towards all banks.
Instead, focus on discussing the strengths and weaknesses of the banks you have worked with.
Provide examples of how you have helped clients navigate challenges with their banks.
Emphasize your commitment to findin
Interview Preparation Tips
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Kotak Mahindra Bank Credit Processing Associate Interview Process
based on 5 interviews
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based on 53 reviews
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