L&T Finance Collections Executive Interview Questions and Answers for Experienced

Repo charge is the fee charged by a lender when a borrower defaults on a loan and the lender seizes and sells the collateral.

• Repo charge is short for 'repurchase agreement charge.'

• It is a fee charged by a lender when a borrower defaults on a loan and the lender seizes and sells the collateral.

• The repo charge is meant to cover the lender's costs associated with the repossession and sale of the collateral.

• The amount of t...read more

The question is invalid and does not have a meaningful answer.

• The question is mathematically incorrect as it does not specify what 'bucket' represents.

• Without knowing the value of 'bucket', it is impossible to determine the answer.

• It is likely that the question was asked to test the candidate's ability to identify and handle invalid or nonsensical questions.

I would politely inform the customer that it is not possible to meet at that time and suggest an alternative time.

• Apologize for the inconvenience caused

• Explain that it is not possible to meet at that time

• Suggest an alternative time that is convenient for both parties

• Thank the customer for their understanding