Unity Small Finance Bank Credit Manager Interview Questions and Answers

It was an automated video interview and it was amazing and interesting.

Easy, logical reasoning

Q1. Why South Indian Bank?
Ans. 
South Indian Bank has a strong reputation for stability, growth, and customer service in the banking industry.
• South Indian Bank has a long history of financial stability and growth, making it a reliable choice for customers and investors.

• The bank has a strong focus on customer service, ensuring that clients receive personalized attention and support.

• South Indian Bank has a wide network of branches and ATMs, making it c...read more
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Q2. AI in Banking and the transformation
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AI in banking is transforming the industry by improving customer service, risk management, and operational efficiency.
• AI is being used in banking for customer service through chatbots and virtual assistants.

• AI helps in risk management by analyzing large amounts of data to detect fraud and assess credit risk.

• AI improves operational efficiency by automating repetitive tasks such as data entry and document processing.

• Exam...read more
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Q1. About DSCR and other ratios
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Q2. About risk,kyc,other operational
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Q3. Why join tjsb bank
Ans. 
Joining TJSB Bank offers a strong reputation, growth opportunities, and a supportive work environment.
• TJSB Bank has a strong reputation in the banking industry, providing stability and credibility for employees.

• The bank offers growth opportunities through training programs, career advancement, and exposure to diverse banking functions.

• Employees at TJSB Bank benefit from a supportive work environment, teamwork, and a fo...read more
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Q1. Salary discussion
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Q2. Some policy discussion
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Q1. In this round HR ask question from my CV.
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Q2. How can handle HL and LAP product
Ans. 
Handling HL and LAP products requires thorough knowledge of credit policies, risk assessment, and customer profiling.
• Understand the credit policies and guidelines of the organization

• Conduct a thorough risk assessment of the borrower and collateral

• Profile the customer to understand their financial background and repayment capacity

• Ensure timely disbursement and monitoring of the loan

• Maintain regular communication with th...read more
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Q3. What is difference between housing loan and mortgage loan
Ans. 
Housing loan is for purchasing or constructing a house, while mortgage loan is secured by a property as collateral.
• Housing loan is used for buying or building a house, while mortgage loan can be used for any purpose but is secured by a property as collateral.

• Housing loan is typically for a longer term and has lower interest rates than mortgage loan.

• Mortgage loan can be used to refinance an existing loan or to consolida...read more
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Q4. Which one is eligible for housing and mortgage loan and other loan
Ans. 
Individuals with stable income, good credit score, and sufficient collateral are eligible for housing, mortgage, and other loans.
• Stable income is a key factor in loan eligibility

• Good credit score indicates creditworthiness and repayment capability

• Sufficient collateral provides security to the lender

• Other factors such as age, employment history, and debt-to-income ratio may also be considered

• Examples of collateral inclu
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Q1. What is underwriting
Ans. 
Underwriting is the process of evaluating the risk of lending money to a borrower.
• Underwriting involves analyzing the borrower's creditworthiness, financial history, and ability to repay the loan.

• The underwriter also assesses the value of the collateral, if any, that the borrower is offering to secure the loan.

• Based on this analysis, the underwriter decides whether to approve or deny the loan, and what terms and condit...read more
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Q2. How can you are calculate income if customer not filing the income tax return in business class
Ans. 
To calculate income for a customer not filing income tax return in business class, alternative methods can be used.
• Review bank statements and financial records to identify income sources and patterns

• Consider industry benchmarks and market research to estimate income

• Assess the customer's assets, investments, and property ownership to determine potential income

• Analyze the customer's business expenses and profit margins t...read more
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Q3. What is the LTV ratio as per the RBI norms
Ans. 
The LTV ratio as per RBI norms varies based on the type of loan and collateral.
• For home loans up to Rs. 75 lakh, the LTV ratio is 90%

• For loans above Rs. 75 lakh, the LTV ratio is 80%

• For loans against gold jewellery, the LTV ratio is 75%

• For loans against fixed deposits, the LTV ratio is 90%

• The LTV ratio is the ratio of the loan amount to the value of the collateral

• RBI periodically reviews and revises the LTV ratio norms
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Q4. How can you conduct PD in case of Street shops
Ans. 
PD for street shops can be conducted through a combination of on-site visits, financial analysis, and market research.
• Conduct on-site visits to observe the shop's location, foot traffic, and overall appearance.

• Analyze the shop's financial statements, including income statements and balance sheets.

• Research the local market to understand competition and demand for the shop's products or services.

• Consider the shop owner's...read more
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Q5. How can you access the income of Kirana shopkeeper
Ans. 
The income of a Kirana shopkeeper can be accessed through various methods.
• One can ask for the shop's financial statements and tax returns.

• One can also observe the shop's daily sales and estimate the income.

• Additionally, one can ask for references from suppliers or other business partners.

• Finally, one can conduct a credit check to determine the shop's creditworthiness.

• It is important to respect the shopkeeper's privacy
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Q6. How can we calculate income of pandit
Ans. 
The income of a pandit can be calculated based on their profession and the services they provide.
• Calculate the fees charged by the pandit for various services like performing puja, conducting rituals, etc.

• Consider the number of clients the pandit serves in a month or year.

• Take into account any additional income sources like teaching or writing books on Hinduism.

• Compare the income with the average income of pandits in t...read more
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Q7. What is the parameter of cibil
Ans. 
CIBIL is a credit information company that maintains credit records of individuals and companies.
• CIBIL stands for Credit Information Bureau (India) Limited.

• It maintains credit records of individuals and companies, including their credit history, credit score, and creditworthiness.

• The credit score ranges from 300 to 900, with a higher score indicating better creditworthiness.

• Lenders use CIBIL reports to evaluate the cre...read more
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Q1. What is the main thing in any valuation and technical report
Ans. 
The main thing in any valuation and technical report is accuracy.
• Accuracy is crucial in any valuation and technical report.

• The report should be based on reliable data and calculations.

• The report should be free from errors and inconsistencies.

• The report should be able to provide a clear and concise picture of the subject being evaluated.

• For example, in a credit report, accuracy is important in determining the creditwort
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Q2. What is the legal report which document is mandatory for em creation
Ans. 
The legal report mandatory for EM creation is the credit report.
• The credit report is a detailed summary of an individual's credit history and financial behavior.

• It includes information on credit accounts, payment history, outstanding debts, bankruptcies, and other financial data.

• Lenders use credit reports to assess the creditworthiness of a borrower and determine the risk of lending money to them.

• The credit report is m...read more
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Q3. Why 13 years flow is mandatory for any any legal report
Ans. 
13 years flow is mandatory for any legal report to ensure accuracy and completeness of information.
• The 13-year time frame is based on the statute of limitations for most legal claims.

• It allows for a comprehensive review of the borrower's credit history and financial behavior.

• It also helps to identify any patterns or trends in the borrower's creditworthiness.

• Examples of legal reports that require a 13-year flow include ...read more
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Q4. What is the incumbrance and CERSAI
Ans. 
Incumbrance refers to a claim or lien on a property, while CERSAI is a central registry for security interests on movable assets.
• Incumbrance can be in the form of a mortgage, a lien, or a charge on a property.

• CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest of India.

• CERSAI is a government-owned company that maintains a central registry of security interests on movable asse...read more
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Q1. Risk management
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Q2. Credit analysis
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Carrier and ambition of life

Q1. Why do you want to do this job?
Ans. 
I am passionate about analyzing financial data and helping individuals and businesses make informed credit decisions.
• Enjoy analyzing financial data and assessing credit risk

• Passionate about helping individuals and businesses make informed credit decisions

• Excited about the opportunity to contribute to the financial health of clients

• Seeking a challenging and rewarding career in the financial industry
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Q2. What do you know about Credit Officer?
Ans. 
Credit Officers are responsible for evaluating and approving loan applications, assessing creditworthiness, and managing risk for financial institutions.
• Evaluate loan applications to determine creditworthiness

• Assess risk and make decisions on loan approvals

• Monitor and manage existing loan portfolios

• Ensure compliance with regulations and policies

• Communicate with clients to gather necessary information

• Analyze financial s...read more
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Q1. About existing role
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Q2. About yourself and why looking for a change
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English writing - formal and informal

Q1. Technical round - was okay - role play
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Q2. Detailed question on ur exp
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Q3. Was the role in previous co - team lead
Ans. 
Yes
• Yes, I have previous experience as a team lead in my previous role.

• As a team lead, I was responsible for managing a team of credit analysts and overseeing their work.

• I provided guidance and support to team members, ensuring that they met their targets and maintained high-quality standards.

• I also collaborated with other departments to streamline processes and improve efficiency.

• For example, I implemented a new credit...read more
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