SBFC Finance Regional Credit Manager Interview Questions and Answers

To sell personal loans, focus on the benefits, offer competitive rates, and tailor the loan to the customer's needs.

• Highlight the benefits of the loan, such as flexible repayment options and quick access to funds

• Offer competitive interest rates and fees compared to other lenders

• Tailor the loan to the customer's specific needs and financial situation

• Provide excellent customer service and follow-up to build trust and loy...read more

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...read more

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...read more

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...read more

Important clauses in 3CD for loan sanctioning

• Clause 4 - Purpose of loan

• Clause 5 - Amount of loan

• Clause 6 - Repayment terms

• Clause 7 - Security for loan

• Clause 8 - Interest rate

• Clause 9 - Default and consequences

Profit and loss ratios are financial metrics used to assess the profitability of a company.

• Profit ratio measures the percentage of profit earned on sales.

• Gross profit ratio is calculated by dividing gross profit by net sales.

• Net profit ratio indicates the percentage of net profit earned on sales.

• Operating profit ratio measures the profitability of core operations.

• Return on investment (ROI) is a common profitability rat

Concurrent audit is conducted during the course of business operations, while statutory audit is conducted at the end of the financial year.

• Concurrent audit is performed concurrently with the operations of the organization.

• Statutory audit is conducted to ensure compliance with legal and regulatory requirements.

• Concurrent audit helps in detecting and preventing frauds and errors in real-time.

• Statutory audit provides an ...read more

No, someone earning less than EMI should not take a loan.

• Taking a loan when earning less than the EMI can lead to financial strain and difficulty in repayment.

• It is important to have a stable income that can comfortably cover the loan repayment.

• If someone is already struggling to meet their financial obligations, taking on additional debt can worsen their situation.

• It is advisable to explore alternative options such as...read more