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Union Bank of India Credit Manager Interview Questions, Process, and Tips
Top Union Bank of India Credit Manager Interview Questions and Answers
- Q1. How should one prepare for analyzing financial statements, balance sheets, and assessing limits?
- Q2. What is DSCR and ISCR
- Q3. LTV ratio in LAP
Union Bank of India Credit Manager Interview Experiences
4 interviews found
Sumit Kumar
Reasoning, quantitative skills, and English language proficiency.
(1 Question)
- Q1. How should one prepare for analyzing financial statements, balance sheets, and assessing limits?
- Ans.
To prepare for analyzing financial statements and balance sheets, one should have a strong understanding of accounting principles and financial ratios.
Understand basic accounting principles such as revenue recognition, accrual accounting, and matching principle.
Familiarize yourself with financial ratios like liquidity ratios, profitability ratios, and leverage ratios.
Learn how to interpret key financial statement compo...
Ariharan Manoharan
I applied via Company Website and was interviewed in May 2024. There was 1 interview round.
(1 Question)
- Q1. Refer MSME book iibf
- Ans.
MSME book by IIBF provides comprehensive information on Micro, Small and Medium Enterprises.
MSME book by IIBF covers various aspects of MSME sector such as financing, credit assessment, risk management, etc.
It also includes case studies and practical examples to help understand the concepts better.
The book is a valuable resource for credit managers looking to enhance their knowledge and skills in managing MSME credit.
I...
Interview Preparation Tips
SUMANTA SARKAR
Selected
I applied via LinkedIn and was interviewed before Jun 2023. There was 1 interview round.
(2 Questions)
- Q1. What is DSCR and ISCR
- Ans.
DSCR stands for Debt Service Coverage Ratio and ISCR stands for Interest Service Coverage Ratio.
DSCR measures a company's ability to pay its debt obligations with its operating income.
A DSCR of 1 means the company is just able to cover its debt payments, while a DSCR above 1 indicates the company has more income than debt obligations.
ISCR measures a company's ability to pay its interest expenses with its operating inco...
- Q2. LTV ratio in LAP
- Ans.
LTV ratio in LAP refers to the Loan to Value ratio in Loan Against Property.
LTV ratio is calculated by dividing the loan amount by the market value of the property.
It helps in determining the risk associated with the loan.
A lower LTV ratio indicates lower risk for the lender.
For example, if a property is valued at $500,000 and the loan amount is $300,000, the LTV ratio would be 60%.
Interview Preparation Tips
Skills evaluated in this interview
Anonymous
I applied via Company Website and was interviewed before May 2021. There was 1 interview round.
(1 Question)
- Q1. If you are fresher then most questions asked about your subjects of graduation and post graduation. If you already worked for any banking or FI, then questions related to your last job will be asked.
Interview Preparation Tips
Union Bank of India interview questions for designations
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Interview questions from similar companies
I applied via LinkedIn and was interviewed before Dec 2020. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. If someone approaches you with a loan application then how would you decide whether to lend or not?
- Ans.
I would assess the applicant's creditworthiness based on their credit history, income, and debt-to-income ratio.
Check the applicant's credit score and credit report
Verify their income and employment status
Calculate their debt-to-income ratio
Consider any past delinquencies or bankruptcies
Assess the purpose of the loan and the likelihood of repayment
Review any collateral offered as security
Interview Preparation Tips
If anybody knows the cons of working in the Indian private sector banks then he will never join or will not fall into the trap of a lucrative salary. Because the exit options from such roles are not good.
I applied via Naukri.com and was interviewed in Nov 2019. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. How much cases you can process on daily basis?
- Ans.
I can process around 20-25 cases on a daily basis depending on the complexity of the cases.
The number of cases processed depends on the complexity of the cases.
On average, I can process around 20-25 cases per day.
I prioritize cases based on their urgency and importance.
- Q2. Approval rate and delinquency rate of your current product.
- Ans.
Our approval rate is 85% and delinquency rate is 5% for the current product.
Our approval rate is higher than industry average.
We have strict credit checks in place to maintain low delinquency rate.
We continuously monitor and analyze our approval and delinquency rates to make necessary adjustments.
For example, we recently increased our credit score requirement to reduce delinquency rate.
- Q3. Why you want to leave current organisation.
- Q4. Questions on personal information
Interview Preparation Tips
I applied via LinkedIn and was interviewed before Nov 2021. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me about your self
- Q2. Take me through your cv
You can just prepare well and be confident and you will get selected
Interview Preparation Tips
I appeared for an interview before Apr 2016.
Interview Questionnaire
5 Questions
- Q1. Which clauses are important in 3CD while sanctioning loan
- Ans.
Important clauses in 3CD for loan sanctioning
Clause 4 - Purpose of loan
Clause 5 - Amount of loan
Clause 6 - Repayment terms
Clause 7 - Security for loan
Clause 8 - Interest rate
Clause 9 - Default and consequences
- Q2. Tell me profit and loss ratios
- Ans.
Profit and loss ratios are financial metrics used to assess the profitability of a company.
Profit ratio measures the percentage of profit earned on sales.
Gross profit ratio is calculated by dividing gross profit by net sales.
Net profit ratio indicates the percentage of net profit earned on sales.
Operating profit ratio measures the profitability of core operations.
Return on investment (ROI) is a common profitability rat
- Q3. Balance sheet ratios
- Q4. Diffrence between concurrent audit and statutory audit
- Ans.
Concurrent audit is conducted during the course of business operations, while statutory audit is conducted at the end of the financial year.
Concurrent audit is performed concurrently with the operations of the organization.
Statutory audit is conducted to ensure compliance with legal and regulatory requirements.
Concurrent audit helps in detecting and preventing frauds and errors in real-time.
Statutory audit provides an ...
- Q5. If someone is earning less than EMI should he take a loan or not
- Ans.
No, someone earning less than EMI should not take a loan.
Taking a loan when earning less than the EMI can lead to financial strain and difficulty in repayment.
It is important to have a stable income that can comfortably cover the loan repayment.
If someone is already struggling to meet their financial obligations, taking on additional debt can worsen their situation.
It is advisable to explore alternative options such as...
Interview Preparation Tips
I applied via Campus Placement and was interviewed before May 2021. There was 1 interview round.
(1 Question)
- Q1. 1. tell me about yourself 2. what will your check while giving loans to clients? 3. what is debt service coverage ratios? 4. what is cibil? 5. what is your family background
Interview Preparation Tips
I appeared for an interview before Dec 2020.
Interview Questionnaire
2 Questions
- Q1. About the company
- Q2. About latest general knowledge questions
Interview Preparation Tips
Union Bank of India Interview FAQs
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Union Bank of India Interviews By Designations
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Union Bank of India Credit Manager Interview Process
based on 3 interviews
Interview experience
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Union Bank of India Credit Manager Reviews and Ratings
based on 12 reviews
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