
Poonawalla Fincorp


10+ Poonawalla Fincorp Interview Questions and Answers
Q1. How to handle during break down of equipments? What is the first step during property finalization. Asked bout cost cutting. Use of equipments with how much capacity requires etc...
During equipment breakdown, prioritize safety and minimize downtime. Cost-cutting measures can be implemented by optimizing equipment usage.
Immediately stop the equipment and isolate it from power sources to prevent further damage or accidents.
Assess the extent of the damage and determine if it can be repaired on-site or if it requires professional assistance.
If the equipment needs to be replaced, consider the cost of repair versus replacement and the impact on production.
To ...read more
Q2. All business processes of loan life cycle.
The loan life cycle includes processes such as application, approval, disbursement, repayment, and closure.
Application: Customer submits loan application with required documents.
Approval: Loan officer reviews application and creditworthiness of customer.
Disbursement: Loan amount is transferred to customer's account.
Repayment: Customer makes regular payments towards the loan.
Closure: Loan is fully repaid and account is closed.
Q3. What is npa and full form
NPA stands for Non-Performing Asset. It refers to a classification for loans or advances that are in default or are in arrears.
NPA is a term used in the banking sector to categorize loans that are not being repaid as per the agreed terms.
Banks classify loans as NPA when the borrower fails to make interest or principal payments for a specified period of time.
NPA adversely affects the profitability and liquidity of banks.
Examples of NPAs include loans where the borrower has sto...read more
Q4. how can you generate leads and grow your business?
Generating leads and growing business requires a strategic approach and consistent effort.
Identify target audience and create a marketing plan
Utilize social media and online advertising
Attend networking events and conferences
Offer referral incentives to current clients
Provide exceptional customer service to retain clients
Collaborate with other businesses for cross-promotion
Q5. How used the legal process
Legal process is used to enforce the recovery of debts through court proceedings.
Legal process involves filing a case in court to recover the debt.
The court will issue a summons to the debtor to appear in court.
If the debtor fails to appear, the court may issue a warrant for their arrest.
If the debtor appears, the court will hear both sides and make a judgment.
If the judgment is in favor of the creditor, the court may order the debtor to pay the debt.
If the debtor still fails...read more
Q6. Difference between NBFC and Bank
NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank.
NBFCs cannot accept demand deposits like banks
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself
NBFCs focus on specific business areas like lending, investments, etc.
Banks are regulated by the RBI while NBFCs are regulated by the Companies Act, 2013
Examples of NBFCs include Bajaj Finance, Muthoot Finance, etc.
Q7. What is Business Sources?
Business sources refer to the various channels through which a company acquires goods, services, or information to support its operations.
Business-to-business (B2B) transactions
Supplier relationships
Trade shows and conferences
Online marketplaces
Industry publications and reports
Q8. Will you manage under the table transactions?
No, I will not engage in any under the table transactions as it goes against ethical business practices.
Under the table transactions are unethical and illegal
Engaging in such activities can lead to severe consequences including legal action and damage to reputation
It is important to always conduct business in a transparent and ethical manner
Q9. What is the definition of FOIR?
FOIR stands for Fixed Obligation to Income Ratio, a measure used by lenders to assess an individual's ability to repay a loan.
FOIR is calculated by dividing the total fixed obligations of an individual by their gross monthly income.
Lenders use FOIR to determine the maximum amount of loan that can be sanctioned to an individual based on their income and existing obligations.
For example, if an individual has a monthly income of $5,000 and fixed obligations of $1,000, the FOIR w...read more
Q10. what do you about loan?
Loans are financial agreements where a lender gives money to a borrower, who agrees to repay the loan with interest over a set period of time.
Loans involve borrowing money from a lender
Borrowers agree to repay the loan amount with interest
Loans can be used for various purposes such as buying a house, car, or funding education
There are different types of loans like personal loans, home loans, and car loans
Q11. Transperancy in salary and compansation
Transparency in salary and compensation is crucial for building trust and ensuring fairness in the workplace.
Transparency in salary helps employees understand how their pay is determined.
Clear compensation structures can motivate employees to perform better.
Open communication about salary can prevent misunderstandings and conflicts.
Providing detailed information about benefits and bonuses can increase employee satisfaction.
Regular reviews and updates of compensation policies ...read more
Q12. What were the deliverables
The deliverables included project documentation, data analysis reports, and recommendations for process improvements.
Project documentation such as requirements documents, use cases, and user stories
Data analysis reports outlining key findings and insights
Recommendations for process improvements based on data analysis
Presentation materials for stakeholders
Q13. Past package nd experience
I have 5 years of experience in sales coordination with a proven track record of successfully managing packages and exceeding targets.
Managed various sales packages and promotions to drive revenue
Coordinated with sales team to ensure timely delivery of packages to clients
Exceeded sales targets by 20% through effective package management
Implemented new strategies to optimize package offerings and increase sales
Utilized CRM software to track package performance and customer fee...read more
Top HR Questions asked in Poonawalla Fincorp
Interview Process at Poonawalla Fincorp

Top Interview Questions from Similar Companies








Reviews
Interviews
Salaries
Users/Month

