Spandana Sphoorty Financial Assistant Manager Accounts & Taxation Interview Questions and Answers

Credit related work involves assessing creditworthiness, setting credit limits, monitoring payments, and managing collections.

• Assessing creditworthiness of potential borrowers

• Setting credit limits based on risk assessment

• Monitoring payments and ensuring timely repayments

• Managing collections and minimizing bad debt

• Analyzing financial statements and credit reports

• Negotiating loan terms and conditions

• Developing and implem

FOIR and IIR are ratios used by lenders to assess the creditworthiness of borrowers.

• FOIR stands for Fixed Obligation to Income Ratio and is calculated by dividing the borrower's fixed obligations (such as loan EMIs, rent, etc.) by their monthly income.

• IIR stands for Installment to Income Ratio and is calculated by dividing the borrower's total loan installments by their monthly income.

• Both ratios help lenders determine...read more

PD with customer involves assessing the probability of default for a borrower.

• Gather information about the customer's financial history and current situation

• Analyze the data to determine the likelihood of default

• Consider external factors such as economic conditions and industry trends

• Use a credit scoring model or other tools to assist in the assessment

• Communicate the findings to the customer and make recommendations fo...read more

Credit 5Cs is a framework used by lenders to evaluate the creditworthiness of a borrower.

• The 5Cs are Character, Capacity, Capital, Collateral, and Conditions.

• Character refers to the borrower's reputation and credit history.

• Capacity refers to the borrower's ability to repay the loan.

• Capital refers to the borrower's assets and net worth.

• Collateral refers to the assets that can be used as security for the loan.

• Conditions ...read more

Our company offers a wide range of products including banking, insurance, investment, and mortgage services.

• Banking products such as checking and savings accounts

• Insurance products including life, health, and auto insurance

• Investment products like mutual funds and retirement accounts

• Mortgage services for homebuyers and homeowners

• Credit cards and personal loans

Affordable segment is concentrated for file cases.

• The affordable segment is concentrated for file cases as they are more likely to need financial assistance.

• Higher ticket file cases are concentrated in the higher income segment.

• Examples of affordable file cases include personal loans, credit card debt, and small business loans.

• Examples of higher ticket file cases include mortgages, car loans, and large business loans.