Union Bank of India Interview Questions, Process, and Tips

Credit card related questions

Q1. What about credit card?
Ans. 
Credit cards are financial tools that allow consumers to make purchases on credit, with the promise to repay the borrowed amount at a later date.
• Credit cards offer convenience and flexibility in making purchases.

• They often come with rewards programs, cashback offers, and other benefits.

• Credit cards can help build credit history and improve credit scores.

• However, misuse of credit cards can lead to debt accumulation and ...read more
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Q2. How to make credit card?
Ans. 
To make a credit card, you need to apply for one through a bank or financial institution.
• Apply for a credit card through a bank or financial institution

• Provide necessary personal and financial information

• Wait for approval and receive the credit card in the mail

• Activate the credit card by following the instructions provided
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Q3. I am answered Three types make credit cards 1 credit to credit 2 itr based 3 salary base Union bank credit card process Now available only itr based card Important papers 1 Aadhaar 2 PAN Card 3 in...read more
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Quantitative aptitude reasoning English skills

Q1. No interview for this role
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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...read more
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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%.
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Q1. About self induction and about company
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Q2. About the subject basics knowledge.
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Q1. How much experience you have in housing finance
Ans. I have four year experience in this field and good knowledge of housing loan market.
Answered by Reshoo Verma
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Q2. Salary expectation and why you need to switched your job.
Ans. Salary expectation ****** and want to switched for salary hike
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Prelims consisting of English (30 Ques.), Quants (35 Q) and Reasoning (35Q)

Total 100 marks and 20 minutes for each section

Mains of 225 marks
1) Quants
2) Reasoning
3) English
4) General Awareness
5) Descriptive Writing

Total duration 3 hrs + 30 mins.

Q1. My name is Yash so aisa Yash laayak maine kya kaam kiya hai apne jeevan me
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Q2. About my father's work as he work in RRB so some questions from RRB
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Q3. Banking related questions 1) DD & cheque 2) MICR, IFSC, SWIFT 3) Allonge 4) OD and Cash credit 5) RBI governor 6) MPC Etc etc.
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Q4. Why banking after engineering?
Ans. 
Banking offers a challenging and dynamic career path with opportunities for growth and development.
• Engineering provided a strong foundation in analytical and problem-solving skills.

• Banking offers a diverse range of roles and responsibilities.

• The banking industry is constantly evolving and offers opportunities to learn and adapt.

• Banking provides a platform to contribute to the growth and development of the economy.

• Perso
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Q5. Hobby related 3 questions
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Q6. My preference order in choosing banks and justify the bank I chose at first and at last
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Q7. Skills I acquired in pandemic
Ans. 
During the pandemic, I developed skills in adaptability, remote communication, and time management.
• Adaptability: I learned to quickly adjust to changing circumstances and work from home.

• Remote communication: I became proficient in using video conferencing tools and communicating effectively with colleagues and clients remotely.

• Time management: I learned to prioritize tasks and manage my time effectively while working f
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