Small Industries Development Bank of India Concurrent Audit Assistant Interview Questions and Answers

Credit risk refers to the potential loss that a lender may incur due to a borrower's failure to repay a loan or meet contractual obligations.

• Credit risk is the risk of financial loss resulting from a borrower's failure to repay a loan or meet other financial obligations.

• It is important for financial institutions to assess and manage credit risk to protect their assets and maintain financial stability.

• Factors that contr...read more

Disaster management involves planning, coordinating, and implementing measures to prevent, prepare for, respond to, and recover from natural or man-made disasters.

• Involves risk assessment, mitigation, preparedness, response, and recovery

• Requires coordination among various stakeholders such as government agencies, NGOs, and communities

• Examples include creating evacuation plans for hurricanes, setting up emergency shelte...read more

Financial statement analysis involves examining a company's financial reports to gain insights into its financial health.

• Start by reviewing the income statement, balance sheet, and cash flow statement

• Calculate key financial ratios such as profitability, liquidity, and solvency ratios

• Compare the company's financial performance to industry benchmarks and past performance

• Look for trends and patterns in the data to identif...read more