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Mahindra Finance Recovery Manager Interview Questions and Answers

Updated 1 Oct 2024

Mahindra Finance Recovery Manager Interview Experiences

2 interviews found

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2023. There were 2 interview rounds.

Round 1 - Case Study 

Bad debts recovery details

Round 2 - Aptitude Test 

Level of knowledge and skill?

Interview Preparation Tips

Interview preparation tips for other job seekers - Try to keep your life

Interview Questionnaire 

1 Question

  • Q1. I 'll expect that company, if I work hard and honestly, has opened my way forward to it, because if we work where it won' t be there, that company shouldn 't work.

Interview Preparation Tips

Interview preparation tips for other job seekers - I don't want to say anything for this

Recovery Manager Interview Questions Asked at Other Companies

Q1. How to Achieve Recovery target🎯 I achieve target given company r ... read more
Q2. How to talk with a customer
Q3. You have any collection experience
Q4. What type of customer
Q5. Potential of capabilities for customers

Interview questions from similar companies

Interview Questionnaire 

2 Questions

  • Q1. Detail information regarding job profile , working location and heard process and policy of Hdfc bank??..etc
  • Ans. 

    The job profile for Deputy Manager at HDFC Bank involves managing operations, customer service, and sales at a specific branch location.

    • The Deputy Manager is responsible for ensuring smooth functioning of the branch operations.

    • They oversee customer service and ensure customer satisfaction.

    • They also manage sales targets and motivate the team to achieve them.

    • The working location is at a specific HDFC Bank branch.

    • The hiri...

  • Answered by AI
  • Q2. How much Salary expect ?

Interview Preparation Tips

Interview preparation tips for other job seekers - It was very great experience with magt of Hdfc bank. The interview done through online Google due app. So my advice is to be prepared and get ready for face online interview with your past experience and overall knowledge.

Interview Questionnaire 

1 Question

  • Q1. Can you sell life insurance 1nop every day
  • Ans. 

    Yes, I have experience in selling life insurance and can sell at least one policy every day.

    • I have a proven track record of selling life insurance policies on a daily basis.

    • I am knowledgeable about the benefits of life insurance and can effectively communicate them to potential customers.

    • I am skilled in identifying the needs of customers and tailoring my sales pitch accordingly.

    • I am confident in my ability to close dea...

  • Answered by AI

I applied via Walk-in and was interviewed in Mar 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Only insurance related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Nothing it was good but please explain the process to the candidates in brief while taking interview.

I applied via Referral and was interviewed in Aug 2019. There was 1 interview round.

Interview Questionnaire 

6 Questions

  • Q1. Bank related questions like 1.knowledge about repo rate
  • Ans. 

    Repo rate is the rate at which the central bank lends money to commercial banks.

    • Repo rate is an important tool used by central banks to control inflation and liquidity in the economy.

    • A higher repo rate means that commercial banks will have to pay more interest to borrow money from the central bank, which can lead to higher interest rates for consumers.

    • On the other hand, a lower repo rate can stimulate economic growth b...

  • Answered by AI
  • Q2. Who is regulatory of insurance and mutual fund
  • Ans. 

    Insurance is regulated by IRDAI and mutual funds are regulated by SEBI.

    • Insurance is regulated by Insurance Regulatory and Development Authority of India (IRDAI).

    • Mutual funds are regulated by Securities and Exchange Board of India (SEBI).

    • IRDAI ensures fair treatment of policyholders and regulates the insurance industry.

    • SEBI regulates mutual funds to protect the interests of investors and ensure transparency in the marke...

  • Answered by AI
  • Q3. Banking experience related questions like CRM application and knowledge of computer
  • Q4. Excel office word knowledge of computer
  • Q5. How many type of deposit in bank
  • Ans. 

    There are various types of deposits in a bank, including savings, current, fixed, recurring, and NRI deposits.

    • Savings deposits are the most common type, where customers can earn interest on their savings.

    • Current deposits are meant for businesses and allow for frequent transactions.

    • Fixed deposits have a fixed tenure and offer higher interest rates than savings deposits.

    • Recurring deposits allow customers to save a fixed ...

  • Answered by AI
  • Q6. Who regulate bank
  • Ans. 

    Central banks and regulatory authorities regulate banks.

    • Central banks are responsible for monetary policy and financial stability.

    • Regulatory authorities oversee compliance with laws and regulations.

    • Examples of regulatory authorities include the Federal Reserve in the US and the Financial Conduct Authority in the UK.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - This interview was a mentally one but was majorly a patience test. It lasted for about 30 minutes. The interviewer wanted to test both my knowledge and communication skills. Most of the questions asked to me were related to my experience i.e.preveious organization related topics. He checked a lot on the basics related to my previous job related topic. Luckily I was able to answer most of the questions correctly in my knowledge. I tried to answer each question with best of my knowledge. to explain my theories. It was my fourth interview in my short career and I think I did pretty well for an experience. We need to stay calm and should apply presence of mind to impressed interviewer that's my opinion from my side

I applied via Naukri.com and was interviewed in Oct 2019. There were 4 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Hi, it depends upon your previous role and responsibilities, questions could be like what is your portfolio? What is your achievements against targets ? Similar
  • Q2. Where you will be after 3 year's?

Interview Preparation Tips

Interview preparation tips for other job seekers - According to my interview, it got started in a discouraging way, but I have a confident on my profile and I answered all the questions in a positive way and cleared the exam well

I applied via Naukri.com and was interviewed in Apr 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Tell the kyc required for partnership current account
  • Ans. 

    KYC requirements for partnership current account

    • Partnership deed

    • Identity proof of all partners

    • Address proof of all partners

    • PAN card of the partnership firm

    • Business registration proof

    • Proof of business address

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be specific and confidant to your reply.

I applied via Referral and was interviewed before Jul 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

General awareness and competitive test

Round 3 - HR 

(1 Question)

  • Q1. Salary negotiation and job profile discussed

Interview Preparation Tips

Interview preparation tips for other job seekers - Ask for better ctc and allowance benifits

I applied via Naukri.com and was interviewed before Jul 2019. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Experience role achievement in previous organization
  • Ans. 

    Implemented new sales strategy resulting in 20% increase in revenue

    • Developed and executed a new sales strategy

    • Analyzed market trends and customer preferences

    • Collaborated with sales team to implement changes

    • Monitored progress and adjusted strategy as needed

    • Achieved 20% increase in revenue within 6 months

  • Answered by AI
  • Q2. Question related to banking loan bank assurance

Interview Preparation Tips

Interview preparation tips for other job seekers - Gud thank you

Mahindra Finance Interview FAQs

How many rounds are there in Mahindra Finance Recovery Manager interview?
Mahindra Finance interview process usually has 2 rounds. The most common rounds in the Mahindra Finance interview process are Case Study and Aptitude Test.

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Mahindra Finance Recovery Manager Interview Process

based on 1 interview

Interview experience

3
  
Average
View more

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Mahindra Finance Recovery Manager Salary
based on 5 salaries
₹3.1 L/yr - ₹4.5 L/yr
28% less than the average Recovery Manager Salary in India
View more details

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based on 3 reviews

3.0/5

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3.0

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4.9

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3.0

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