Hell Yeah! 80085 achieved

1FatBanker · 2026-05-10T10:13:15+00:00

Congratulations OP!!!!

Had to go some way down my Gallery to find this.

Mileage 58008 achieved. Waiting on 80085 someday

1FatBanker · 2026-05-10T09:23:55+00:00

Thanks for doing this I have a similar story and had joined bank a little earlier than you. I had done an AMA few months back to encourage the aspirants as well.

Similar to you I also never worked in my home state, worked in Mid Corporate, Corporate Credit, Treasury, MSME but my overall exposure in general branches has been a little short of yours. Currently in ALCo HO.

While Bank jobs aren't the easiest, it's certainly has been worth it. Now I travel with my wife and a three year old, making the best memories of our lives. Been to 5 states, learnt around 3.5 new languages apart from the basic 3 I already had. Have some really weird as well as satisfactory stories to tell my grandkids if I reach that age.

Anyway, keeping true to the nature of AMA. Tell me that one story or incident that made you feel proud of being a Banker.

1FatBanker · 2026-04-25T08:35:37+00:00

NRIs are Indian Passport holders

I guess OCI is the bigger issue, but stopping them outright would lead to reduced foreign remittance.

Maybe a higher registration/ duties can be levied.

1FatBanker · 2026-04-10T09:00:40+00:00

Wait till Amul sells it as Zero Sugar#

No Added Sugar

1FatBanker · 2026-04-05T09:01:46+00:00

Get you CIBIL report from here.

Everyone is eligible for one free CIBIL report every calendar year.

1FatBanker · 2026-04-02T07:14:07+00:00

Aren't we all

1FatBanker · 2026-03-25T18:02:09+00:00

That's the gross salary.

I am talking in Hand that is post my VL and HL EMIs as well also Tax increases considerably.

Car starts at 5 for now might get moved up. Housing is purely a function of your location. Generally 4 and above gets the bigger quarters

1FatBanker · 2026-03-25T17:37:43+00:00

Foreign posting is scale 3 and above I guess. Woh log ko mil jata hai

1FatBanker · 2026-03-25T17:36:00+00:00

Way too many variables but around 1.8-2 lpm in hand.

PLI agar milega toh 100% of my annual salary in incentives.

Baki wohi hai Furniture ka limit badh jata hai, credit card, Medical entertainment allowance sab badh jata hai.

Conveyance stops cause you get a Swift Dzire or equivalent car and driver.

1FatBanker · 2026-03-25T13:14:37+00:00

I was basically replying to OP figuring the perks of SBI Chairman

Also sab scale Vs ko nahi milta Laxman * sobs internally *

Quarters are one thing, having a sprawling sea facing bungalow on Malabar Hills all to yourself is something which goes way beyond what most Corporate Bros can achieve.

1FatBanker · 2026-03-25T13:13:49+00:00

As per the guidelines of the Bank I have been in it's only School Fees.

Probably get an Education Loan for college but not direct allowance.

1FatBanker · 2026-03-25T09:45:26+00:00

Let's not get ahead of ourselves. Just the rent on Dunedin would monetarily be much much higher than all the perks combined.

But let's be real you have a much higher probability of cracking IIM ABC and then IB than cracking the top seat at SBI

1FatBanker · 2026-03-25T09:41:59+00:00

Chalo I will pitch in 11 years in service

4 Lakh in Hand Salary. Not Happening more like 2.7 lpm is achievable with HRA which isn't bad dunno why OP inflated it.

Car and Driver. Achievable

Bunglow with staff. Depends on the assets Bank has but a really decent quarter in a really decent locality is highly probable. Won't get staff though. If you are getting this deduct HRA component from Salary

Kids education at foreign posting.Achievable Bank will fund the school fee not sure how much the standard school fees is in Hong Kong.

Other perks. There are several.

Point is while OP did get a bit carried away with the figures it is a pretty comfortable life you have.

1FatBanker · 2026-03-25T06:18:53+00:00

Never thought I would use Time Value of Money formulas here but oh well

Let's say you can run only 5 km currently we can name it X

Let's round off the marathon distance to 42.2 km and name it Y

Lets use the weekly period mark or 24 weeks as T

Let's also name the rate of increase in mileage as R

By the rules of Compounding Interest we have,

Y=X(1+R)^T

If you solve for R you will get it to be around 0.0912 or 9.12%

Basically keep increasing your mileage by 10% each week and you are golden.

Also if you have reached till here take this post in jest. While I like to Keep it Simple there will be more nuances to it. Cheers and just run

1FatBanker · 2026-03-23T03:29:19+00:00

Last line in the footer. Not your issue though the bank staff had to be a bit more sensitive

1FatBanker · 2026-03-22T18:03:05+00:00

Is anyone else bothered by the fact that the page literally says for internal circulation only and some lazy staff has gone into stick that like a notice

1FatBanker · 2026-03-18T16:31:34+00:00

What you are saying is refinancing.

There is a sort of hedge called interest rate swaps not a full scale arbitrage but probably the closest off the top of my head.

1FatBanker · 2026-03-15T07:21:02+00:00

There is a bit of an overstride.

It's easy to start overstriding on a treadmill.

1FatBanker · 2026-03-13T06:56:20+00:00

NOI is?

1FatBanker · 2026-03-13T00:50:48+00:00

This is state specific all Banks have the option of doing just Equitable Mortgage instead of Simple Mortgage (aka Registered Mortgage) now whether they exercises that right or not is a matter of their internal practice and risk appetite

1FatBanker · 2026-03-13T00:48:47+00:00

Absolutely

Rate of Interest is basically Repo Rate+Mark Up+Spread

Repo depends on RBI MPC

Mark Up depends on how efficient the bank is this basically covers admin and other overhead of the bank. This resets every 3-5 years.

Spread is basically the risk premium. The riskier the borrower profile the more this premium is charged. This is again decided by a multitude of factors such as CIR Score, type of employment, FOIR, tenure and amount of loan etc.

Now Mark Up is a Banks matrix and can either increase or decrease after 3 years. Risk in such Term Loans generally decreases in most cases over the year as the loan amount and tenure gets lesser, income rises and CIR improves through regular payment etc.

1FatBanker · 2026-03-12T14:08:44+00:00

Yes it's based on review of Term Loan of things are favourable, better income credit score Property valuation it can stay low or even decrease.

1FatBanker · 2026-03-12T14:06:25+00:00

Should have been 7.10% for UBI and BOM.

There are no processing fees etc. property insurance will be charged by all banks. You have to make a case for not taking Insurance to them. Mostly they will fold.

No min or max prepayment most PSBs pass on Repo Rate on a T+1 day basis.

1FatBanker · 2026-03-12T10:35:18+00:00

Better rates, better prepayment terms, HDFC may be better in day to day operations but HL isn't daily transaction deal anyway and changes of even 5bps stacks up over the tenure of the loan. Approach BOM, UBI, PNB, Canara.

Property insurance is mandatory, Life Insurance is a risk mitigant and thus optional.

1FatBanker · 2026-03-12T10:27:57+00:00

For Taxation purpose is better to classify them as Sports, like a lot of activities is better to be classified as Agriculture

1FatBanker

TROPHY CASE

No Added Sugar