Shriram Finance Interview Questions and Answers

Both types of work are important and necessary in different situations.

• Smart work involves using your skills and knowledge to find efficient solutions to problems.

• Hard work involves putting in the effort and time to achieve a goal.

• The best approach is to use a combination of both types of work depending on the situation.

• For example, in a crisis situation, hard work may be necessary to quickly address the issue, bu...read more

I convince people for sell by understanding their needs, building trust, and offering solutions.

• Listen actively to their needs and concerns

• Provide relevant information and benefits of the product/service

• Address any objections or questions they may have

• Build rapport and establish trust

• Offer solutions that meet their needs and budget

• Follow up and maintain a positive relationship

Finance deals with management of money and investments while insurance is a means of protection against financial loss.

• Finance involves budgeting, investing, and managing money

• Insurance provides protection against financial loss due to unforeseen events

• Types of insurance include life, health, auto, and property

• Finance and insurance are closely related as insurance companies invest premiums to generate income

• Unders...read more

NBFC stands for Non-Banking Financial Company.

• NBFCs are financial institutions that offer banking services without meeting the legal definition of a bank.

• They cannot accept demand deposits and do not form part of the payment and settlement system.

• They provide services like loans and credit facilities, retirement planning, money markets, underwriting, and merger activities.

• Examples of NBFCs include Bajaj Finserv, M...read more

I follow up with lenders through regular communication and by providing timely updates on loan applications.

• Regularly communicate with lenders to keep them updated on loan applications

• Provide timely updates on loan applications to lenders

• Respond promptly to any inquiries or requests from lenders

• Maintain a professional and courteous relationship with lenders

• Ensure all necessary documentation is provided to lenders ...read more

Able customers for loan are those who have a stable income, good credit score, and a clear repayment plan.

• Stable income

• Good credit score

• Clear repayment plan