Shriram Finance Branch Manager Interview Questions and Answers

Commercial cars are used for business purposes, while private cars are for personal use.

• Commercial cars are typically owned by companies and used for transportation of goods or services.

• Private cars are owned by individuals and used for personal transportation.

• Commercial cars may have special features like cargo space or signage for advertising.

• Private cars are usually smaller and designed for passenger comfort.

• Commercial cars may require additional permits or licenses for op...read more

To source a vehicle loan from the market, we can follow these pointers:

• Identify potential lenders such as banks, credit unions, and online lenders

• Compare interest rates, loan terms, and fees offered by different lenders

• Check eligibility criteria and required documents for loan application

• Submit loan application with necessary documents and wait for approval

• Negotiate terms and conditions with the lender to get the best deal

• Close the loan and make timely payments to maintain a ...read more

Private number plates are personalized plates for personal vehicles while commercial number plates are for business vehicles.

• Private number plates are chosen by individuals and are often personalized with names, initials, or special numbers.

• Commercial number plates are issued to vehicles used for business purposes such as delivery trucks or taxis.

• Private number plates are not allowed to be used on commercial vehicles and vice versa.

• Commercial number plates may also have addit...read more

Shriram Group was founded in 1974.

• Shriram Group is a financial services conglomerate based in India.

• It was founded by R. Thyagarajan, AVS Raja and T. Jayaraman.

• The group has businesses in areas such as commercial vehicle financing, consumer finance, life insurance, and more.

• It has over 40,000 employees and serves over 9 million customers.

• The group's flagship company is Shriram Transport Finance Company (STFC), which was founded in 1979.

Collection for a default case involves following up with the customer and negotiating a payment plan.

• Contact the customer to understand the reason for default

• Negotiate a payment plan that suits both parties

• Follow up with the customer regularly to ensure payments are made on time

• Consider legal action as a last resort

Creating collaboration with the team involves fostering open communication, setting clear goals, promoting teamwork, and recognizing individual contributions.

• Encourage open communication by holding regular team meetings and providing opportunities for team members to share ideas and feedback.

• Set clear goals and expectations for the team to work towards, ensuring everyone is aligned on the objectives.

• Promote teamwork by assigning tasks that require collaboration and emphasizin...read more

Explaining insensitivity involves understanding and acknowledging the feelings and perspectives of others.

• Acknowledge the feelings of others and show empathy

• Avoid making assumptions or judgments about others' experiences

• Listen actively and communicate effectively to understand different perspectives

• Consider cultural differences and be open to learning from others

• Apologize and take responsibility if you unintentionally hurt someone's feelings

Distributors plan by forecasting demand, setting sales targets, managing inventory, and implementing marketing strategies.

• Forecast demand based on market trends and historical data

• Set sales targets for each product category or region

• Manage inventory levels to ensure availability of products without excess stock

• Implement marketing strategies to promote products and increase sales

• Collaborate with suppliers to ensure timely delivery of products