Portfolio Credit Manager Interview Questions and Answers

NBFC stands for Non-Banking Financial Company, which are financial institutions that provide banking services without meeting the legal definition of a bank.

• NBFCs are financial institutions that offer banking services like loans, credit facilities, and investments, but do not hold a banking license.

• They play a crucial role in providing financial services to individuals and businesses who may not have access to traditional banks.

• NBFCs are regulated by the Reserve Bank of India...read more

Repo rate is the rate at which the central bank lends money to commercial banks for short-term periods.

• Repo rate is set by the central bank to control liquidity in the economy.

• It is used as a tool for monetary policy.

• Higher repo rates discourage banks from borrowing money, leading to less money in circulation.

• Lower repo rates encourage banks to borrow money, increasing liquidity in the economy.

• For example, if the central bank sets the repo rate at 5%, commercial banks can bor...read more