SK Finance Limited Cluster Credit Manager Interview Questions and Answers

Q1. Tell me about yourself.
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Q1. Normal credit norms and policy
Ans. 
Normal credit norms and policy refer to the standard guidelines followed by a company while extending credit to its customers.
• Credit limit is set based on the customer's creditworthiness

• Payment terms are agreed upon between the company and the customer

• Late payment fees and interest rates are charged for delayed payments

• Credit checks are conducted before extending credit to new customers

• Credit policies are reviewed peri...read more
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Q1. Tell me about yourself Ratios Financials Cibil part
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Q2. Cibil part Financials ratios Balancesheet
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Q1. Cibil part Financial ratios Balancesheet
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Q2. How do u understand cibil and it's description like dpd dbt sub standard Dbr ratio Foir ratio
Ans. 
CIBIL is a credit information company that provides credit scores and reports to lenders. DPD stands for Days Past Due, DBT stands for Days Beyond Terms, sub standard refers to loans with high risk of default, Dbr ratio is Debt Burden Ratio, and FOIR ratio is Fixed Obligation to Income Ratio.
• CIBIL is a credit information company that provides credit scores and reports to lenders

• DPD stands for Days Past Due, indicating ...read more
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Q1. What you will check in banking
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Q2. What you will check in financial
Ans. 
I will check financial statements, credit reports, payment history, and debt-to-income ratio.
• Review financial statements to assess financial health

• Check credit reports for credit history and score

• Analyze payment history to determine reliability

• Calculate debt-to-income ratio to evaluate ability to repay debts
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Senior check my knowledge

Q1. Salary negotiations
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Q1. Basic questions, Why ru lefting this job?
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Q2. What kind of challenges face and achievements?
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Q1. Why man power services considered as a coution profile
Ans. 
Manpower services are considered a caution profile due to fluctuating demand, regulatory challenges, and workforce management issues.
• Fluctuating Demand: The need for manpower services can vary significantly based on economic conditions, leading to unpredictable revenue streams.

• Regulatory Challenges: Compliance with labor laws and regulations can be complex, posing risks of legal issues and financial penalties.

• Workforce...read more
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Q2. GST TO is high but banking EOD balances are very poor, will you go ahead and why?
Ans. 
No, high GST TO does not necessarily indicate good financial health if banking EOD balances are poor.
• High GST TO could be due to high sales but poor collection of receivables

• Poor banking EOD balances could indicate cash flow issues or mismanagement of funds

• Further investigation into the reasons behind poor EOD balances is necessary before making a decision
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Q3. In last 12M dpds are there will you go ahead
Ans. 
I would review the dpds from the last 12 months to assess the credit risk and make informed decisions.
• Reviewing the dpds from the last 12 months helps in understanding the credit risk associated with customers.

• Analyzing the trends in dpds can provide insights into the financial health of the customers.

• Taking proactive measures based on the dpds data can help in minimizing credit losses.

• Using the dpds data to adjust cre...read more
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Q4. What parameters are you checking in banking
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Q5. In CIBIL what r u checking and why
Ans. 
In CIBIL, credit managers check credit scores and credit reports to assess an individual's creditworthiness.
• Check credit scores to determine the individual's credit risk

• Review credit reports for any past credit history, outstanding debts, and payment patterns

• Assess the individual's creditworthiness based on the information obtained from CIBIL
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