10+ SK Finance Limited Interview Questions and Answers

Knowledge of secured loan and LAP property paper, legal, valuation, credit appraisal form, cersai, etc. is essential for an Operations Manager.

• Understanding the legal aspects of secured loans and LAP properties

• Knowledge of property valuation methods

• Ability to assess credit appraisal forms

• Familiarity with CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest)

• Ensuring compliance with regulatory requirements

Profit margins vary greatly depending on the industry and specific company. Trading units typically have higher profit margins compared to service and manufacturing units.

• Profit margin for trading units is usually higher due to lower overhead costs and higher markups on products.

• Service units tend to have lower profit margins due to higher labor costs and competition.

• Manufacturing units have varying profit margins depending on the industry and efficiency of operations.

• Example...read more

Company policy refers to the set of rules and guidelines established by a company to govern its employees' behavior and decision-making.

• Company policy outlines expectations for employee conduct

• It provides guidelines for decision-making processes

• Company policy may cover areas such as dress code, attendance, and code of ethics

• Employees are expected to adhere to company policy to maintain a productive and harmonious work environment

My previous working style was organized and efficient. My Basis IQ level is high.

• I prioritize tasks and create a schedule to ensure deadlines are met

• I am detail-oriented and thorough in my work

• I am able to quickly learn and adapt to new systems and processes

• I am comfortable working independently or as part of a team

• For example, in my previous role as a Legal Manager at XYZ Company, I implemented a new case management system that improved efficiency and reduced errors.

A policy is a set of guidelines and rules that govern the decision-making process of an organization.

• Policies are created to ensure consistency and fairness in decision-making.

• They provide a framework for employees to follow and help to minimize risk.

• Examples of policies include HR policies, financial policies, and IT policies.

• Policies should be reviewed and updated regularly to ensure they are still relevant and effective.

I have marketing experience working closely with sales executives to develop and implement successful strategies.

• Developed marketing campaigns in collaboration with sales team to drive lead generation

• Utilized sales data to inform marketing strategies and target specific customer segments

• Coordinated with sales team to ensure alignment on messaging and goals

• Analyzed sales performance metrics to optimize marketing efforts

Increasing business can be achieved through strategic planning, market research, customer engagement, and effective marketing.

• Conduct market research to identify potential growth opportunities

• Develop a strategic plan to target new markets or expand existing ones

• Engage with customers to understand their needs and preferences

• Implement effective marketing strategies to reach a wider audience

• Offer promotions or discounts to attract new customers

• Train and motivate your sales team ...read more

A lap loan is a type of loan that is secured by the borrower's personal property.

• A lap loan is a form of secured loan where the borrower offers personal property as collateral.

• The lender can seize the collateral if the borrower fails to repay the loan.

• Common examples of lap loans include pawn shop loans and title loans.

Stamp duty for registration of sale deed is a mandatory fee paid to the government for registering a property transaction.

• Stamp duty rates vary by state and are calculated based on the property value or sale consideration.

• Stamp duty must be paid before the registration of the sale deed.

• Failure to pay stamp duty can lead to legal consequences such as penalties or invalidation of the sale deed.

• Stamp duty can be paid online or through designated banks or government offices.

• Stamp...read more

I gather data, analyze it, and present it in a clear and concise manner.

• Gather all relevant data and information

• Analyze the data to identify key findings and trends

• Organize the information in a logical and easy-to-understand format

• Include visual aids such as charts and graphs to enhance understanding

• Ensure the report is accurate, complete, and free of errors

• Tailor the report to the intended audience

• Provide recommendations for improvement or action if necessary

CIBIL is a credit information company that maintains credit records of individuals and companies.

• CIBIL stands for Credit Information Bureau (India) Limited.

• It collects credit-related information from various financial institutions and creates credit reports for individuals and companies.

• The credit report includes credit score, credit history, and other relevant information that helps lenders assess the creditworthiness of the borrower.

• CIBIL plays a crucial role in the loan ap...read more

Increasing sales can be achieved through various strategies such as improving customer service, implementing targeted marketing campaigns, and offering promotions.

• Improve customer service to enhance customer satisfaction and loyalty

• Implement targeted marketing campaigns to reach specific customer segments

• Offer promotions and discounts to attract new customers and encourage repeat purchases

Seeking new challenges and growth opportunities in a larger organization.

• Desire for career advancement

• Opportunity to work with a larger team

• Seeking new challenges

• Interest in expanding legal knowledge and skills

A mortgage is a loan used to purchase real estate, with the property serving as collateral for the loan.

• A mortgage is a legal agreement between a borrower and a lender where the borrower receives funds to purchase a property and agrees to repay the loan with interest over a specified period of time.

• The property being purchased is used as collateral for the loan, meaning that if the borrower fails to repay the loan, the lender can take possession of the property through a proc...read more

My last appraisal rating was 'Exceeds Expectations'.

• Received positive feedback on performance and achievements

• Demonstrated strong leadership skills

• Exceeded goals and targets set for the appraisal period