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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?
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
Selected
I was interviewed in Aug 2024.
(3 Questions)
- Q1. What were your major findings during the audit?
- Ans.
During the audit, major findings included high levels of overdue accounts, discrepancies in financial records, and inadequate credit risk assessment procedures.
High levels of overdue accounts were identified, indicating potential cash flow issues.
Discrepancies in financial records were found, suggesting errors or fraud.
Inadequate credit risk assessment procedures were noted, increasing the company's exposure to bad deb
- Q2. How do you conduct a fraud investigation?
- Ans.
Fraud investigations involve gathering evidence, analyzing data, interviewing witnesses, and collaborating with law enforcement.
Start by gathering all relevant documents and data related to the suspected fraud.
Conduct interviews with employees, customers, and other relevant parties to gather information and potential leads.
Analyze financial records, transactions, and other evidence to identify any irregularities or sus...
- Q3. What is your motivation for seeking an individual role when you are currently in a team position?
- Ans.
I am seeking an individual role to take on more responsibility and challenge myself to grow professionally.
Seeking new challenges and opportunities for growth
Desire for more responsibility and autonomy
Ability to showcase individual skills and contributions
Personal career development goals
(2 Questions)
- Q1. How do you manage fraud investigations?
- Ans.
I manage fraud investigations by conducting thorough analysis, utilizing fraud detection tools, collaborating with law enforcement, and implementing preventative measures.
Conduct thorough analysis of suspicious activities and transactions
Utilize fraud detection tools and software to identify potential fraudulent behavior
Collaborate with law enforcement agencies and regulatory bodies to investigate and prosecute fraudst...
- Q2. How do you plan to manage the entire Madhya Pradesh state?
- Ans.
I plan to manage the entire Madhya Pradesh state by implementing efficient credit policies, building strong relationships with clients and stakeholders, and closely monitoring credit risk.
Developing and implementing credit policies and procedures to ensure timely and accurate credit decisions
Building strong relationships with clients, vendors, and other stakeholders to facilitate smooth credit transactions
Closely monit...
Interview Preparation Tips
saikiran Thotapally
Selected
I was interviewed in Dec 2024.
(2 Questions)
- Q1. Do you know about CIBIL
- Ans.
CIBIL is a credit information company that provides credit scores to individuals based on their credit history.
CIBIL stands for Credit Information Bureau (India) Limited
It is one of the four credit information companies in India
CIBIL collects and maintains records of individuals' credit information, including loans and credit card payments
Credit scores provided by CIBIL range from 300 to 900, with higher scores indicat
- Q2. What are the documents required for salaries persona
- Ans.
Documents required for salaries persona
Proof of identity (e.g. passport, driver's license)
Proof of address (e.g. utility bill, bank statement)
Bank account details for salary transfer
Tax identification number (e.g. Social Security Number)
Employment contract or offer letter
Credit Manager Interview Questions & Answers
Axis Bank
Siva Naga Vijay Babu guggilam
posted on 17 Jul 2024
(5 Questions)
- Q1. About experiences
- Q2. Knowledge on ratios
- Q3. Training skills
- Q4. MS office knowledge required
- Q5. Market knowledge
Interview Preparation Tips
Selected
(2 Questions)
- Q1. How do you fund a applicant
- Ans.
Funding an applicant involves evaluating their creditworthiness and determining the appropriate amount and terms of the loan.
Evaluate the applicant's credit history, income, and debt-to-income ratio
Determine the appropriate loan amount based on the applicant's financial situation
Decide on the terms of the loan including interest rate, repayment period, and collateral requirements
Obtain necessary documentation such as p...
- Q2. Ratios analysis , banking analaysis
Interview Preparation Tips
Selected
I applied via LinkedIn and was interviewed in Jan 2024. There were 3 interview rounds.
Assessment,................
(1 Question)
- Q1. About yourself, why this Job
(1 Question)
- Q1. Salary discussion
(1 Question)
- Q1. How would you analyse a company if tou want to give term loan? What if cashflow is negative, will yo lend? Dscr How would you analyse a company
- Ans.
To analyze a company for a term loan, consider factors like cash flow, debt service coverage ratio (DSCR), financial statements, industry trends, and management quality.
Examine the company's financial statements to assess its profitability, liquidity, and leverage.
Calculate the debt service coverage ratio (DSCR) to determine if the company generates enough cash flow to cover its debt obligations.
Evaluate the company's ...
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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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Assistant Manager
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