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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
What people are saying about Kotak Mahindra Bank
Interview questions from similar companies
TARUN SAXENA
Interview Questionnaire
6 Questions
- Q1. Briefing of resume
- Q2. Familiarity with accounts
- Q3. Tell me all the sources of money for an organization
- Q4. Tell me about yourself
- Ans.
I am a relationship manager with 5 years of experience in managing client relationships and providing financial advice.
I have a Bachelor's degree in Finance from XYZ University.
I have worked with ABC Bank for 3 years and gained experience in managing high net worth clients.
I am skilled in financial analysis, risk management, and investment planning.
I have a proven track record of achieving sales targets and building lo...
- Q5. Why bank?
- Ans.
Banking offers a dynamic and challenging work environment with opportunities for growth and development.
Banking is a constantly evolving industry with new technologies and products being introduced regularly.
Working in a bank provides exposure to a wide range of clients and industries.
Banking offers opportunities for career growth and development through training and mentorship programs.
The role of a relationship manag...
- Q6. Why should we hire you?
- Ans.
I have the necessary skills, experience, and passion to excel in this role.
I have a proven track record of building and maintaining strong relationships with clients.
I am highly organized and able to manage multiple tasks and priorities effectively.
I am a skilled communicator and able to effectively convey complex information to clients.
I am passionate about helping clients achieve their financial goals and am committe...
Interview Preparation Tips
Experience: It was overall a simple test, some difficult questions were there to check the patience of student. Otherwise the questions were of moderate level.
Tips: Prepare basic things, work on fast calculation & anlytical skills. For sales competency section no need to give ideal answers, be realistic.
Duration: 120 minutes aprox minutes
Round: Technical Interview
Experience: It was a 10-15 minute interview. He asked basic things & the interviewer was focusing on my financial knowledge
Tips: If you are planning to appear in hdfc interview, work on your accounting, frame some stories of your life, try to find out your skills so that they can hire you.
Round: HR Interview
Experience: The questions were simple, they were looking for relative experience & person suitable for their profile.
Tips: Sales experience of internship will add some weightage to your performance. Try to share experience of projects you have worked on.
Round: FLIP Online training program
Experience: They detailed us about the profile, gave us relavant information & took the test for the same. There were online ppts on types of loan, balance sheet, credit note etc.
Tips: You have to work seriously to crack this part of process. Once you clear this you will become a member of hdfc bank. All the best
General Tips: If you are looking for a profile in banking sector, then work on accounting balance shhets & generate your interest in the same field. It is not always about financial selling. You may have to give advice to your customers, prepare credit note.
Skills: sales, financial knowledge, communication skills, grasping power, commen sense
College Name: IMDR
Motivation: Name of the company, profile was a mixture of sales & finance & I was confused about my interest whether lies in sales or office work (analysis). So i applied
Funny Moments: waiting time. We spent a great time in Indira college that day.
Interview Preparation Tips
Experience: I scored 42 out of 60 and 60 people were selecred out of 300
Tips: First attempt those questions which you know to save time.
Duration: 1 hour
Total Questions: 60
College Name: IBS Gurgaon
I applied via Walk-in and was interviewed in Mar 2020. There was 1 interview round.
Interview Questionnaire
3 Questions
- Q1. Why do you want to be a banker?
- Q2. Tell me about yourself?
- Q3. If you are having family business then why do want to job?
Interview Preparation Tips
I applied via Referral and was interviewed before Jul 2021. There were 3 interview rounds.
Banking knowledge test
(1 Question)
- Q1. Attitude related questions
Interview Preparation Tips
Interview Questionnaire
1 Question
- Q1. Working Capital
I applied via Referral and was interviewed before Nov 2019. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Previous experience and market servey
Interview Preparation Tips
Interview Questionnaire
4 Questions
- Q1. My skills
- Q2. My experience
- Q3. My hobby
- Q4. My job
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Kotak Mahindra Bank Credit Processing Associate Interview Process
based on 5 interviews
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Kotak Mahindra Bank Credit Processing Associate Reviews and Ratings
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