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Union Bank of India Credit Manager Interview Questions, Process, and Tips

Updated 10 Jan 2025

Top Union Bank of India Credit Manager Interview Questions and Answers

Union Bank of India Credit Manager Interview Experiences

4 interviews found

Credit Manager Interview Questions & Answers

user image Sumit Kumar

posted on 10 Jan 2025

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Reasoning, quantitative skills, and English language proficiency.

Round 2 - Interview 

(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...

  • Answered by AI

Credit Manager Interview Questions & Answers

user image Ariharan Manoharan

posted on 13 Jun 2024

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Company Website and was interviewed in May 2024. There was 1 interview round.

Round 1 - Technical 

(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...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Refer Govt schemes

Credit Manager Interview Questions Asked at Other Companies

asked in HDFC Bank
Q1. If a client comes to take a loan & he haven't got any type of ... read more
asked in ICICI Bank
Q2. What are the most important ratios to analyse the balance sheet a ... read more
asked in HDFC Bank
Q3. A client comes & he wants a big loan to fund his long-term pr ... read more
asked in ICICI Bank
Q4. Which clauses are important in 3CD while sanctioning loan
asked in ICICI Bank
Q5. What are the key skills of credit manager?

Credit Manager Interview Questions & Answers

user image SUMANTA SARKAR

posted on 17 Jun 2024

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed before Jun 2023. There was 1 interview round.

Round 1 - One-on-one 

(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...

  • Answered by AI
  • 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%.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Learn the technical term in credit

Skills evaluated in this interview

I applied via Company Website and was interviewed before May 2021. There was 1 interview round.

Round 1 - One-on-one 

(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

Interview preparation tips for other job seekers - Just be confident. If you dont know anything just frankly say I do no know.

Union Bank of India interview questions for designations

 Credit Card Executive

 (1)

 Deputy Branch Manager

 (1)

 Manager

 (1)

 Financial Analyst

 (1)

 Accounts Payable Associate

 (1)

 Assistant Manager

 (2)

 Assistant Manager - EHS

 (1)

 Assistant General Manager

 (1)

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

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - averagely easy because generally, they are more willing for the candidate to join the company than the candidate.
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.

  • Answered by AI
  • 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.

  • Answered by AI
  • Q3. Why you want to leave current organisation.
  • Q4. Questions on personal information

Interview Preparation Tips

Interview preparation tips for other job seekers - Keep Calm, express your expectations and experience confidently.

I applied via LinkedIn and was interviewed before Nov 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell me about your self
  • Q2. Take me through your cv
Round 3 - Aptitude Test 

You can just prepare well and be confident and you will get selected

Interview Preparation Tips

Interview preparation tips for other job seekers - Easy process keep up the attitude and do well in the one to one round you will get selected

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

  • Answered by AI
  • 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

  • Answered by AI
  • 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 ...

  • Answered by AI
  • 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...

  • Answered by AI

Interview Preparation Tips

College Name: ICAI

I applied via Campus Placement and was interviewed before May 2021. There was 1 interview round.

Round 1 - Technical 

(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

Interview preparation tips for other job seekers - it was easy to average. be prepared with come ratios .

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

Interview preparation tips for other job seekers - Being confident and free

Union Bank of India Interview FAQs

How many rounds are there in Union Bank of India Credit Manager interview?
Union Bank of India interview process usually has 1-2 rounds. The most common rounds in the Union Bank of India interview process are One-on-one Round, Technical and Aptitude Test.
What are the top questions asked in Union Bank of India Credit Manager interview?

Some of the top questions asked at the Union Bank of India Credit Manager interview -

  1. How should one prepare for analyzing financial statements, balance sheets, and ...read more
  2. What is DSCR and I...read more
  3. LTV ratio in ...read more

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Union Bank of India Credit Manager Interview Process

based on 3 interviews

Interview experience

4
  
Good
View more
Union Bank of India Credit Manager Salary
based on 39 salaries
₹6.6 L/yr - ₹20 L/yr
92% more than the average Credit Manager Salary in India
View more details

Union Bank of India Credit Manager Reviews and Ratings

based on 12 reviews

2.2/5

Rating in categories

2.4

Skill development

1.7

Work-life balance

2.3

Salary

3.9

Job security

1.7

Company culture

2.6

Promotions

1.9

Work satisfaction

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