Sourabh Mishra Profile picture
BE+MBA, CAIIB.. In banking since 2006.. ▶️https://t.co/kN1tSCodhJ Views r strictly personal.. RT/like is not endorsement..
Jun 13, 2021 11 tweets 5 min read
Personal Finance Rules -Thread

🔅 Rule of 72 (Double ur Money)
🔅 Rule of 114 (Triple ur money)
🔅 4% Withdrawal Rule
🔅 Asset Allocation Rule
🔅 10, 5, 3 Rule
🔅 50-30-20 Rule
🔅 6X Emergency Rule
🔅 40% EMI Rule
🔅 Life Insurance

#EditedMsgWA Rule of 72

No. of yrs required to double your money at a given rate, U just divide 72 by interest rate
Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs

At 6% rate, it will take 12 yrs
At 9% rate, it will take 8 yrs
Aug 31, 2020 6 tweets 7 min read
#Thread : Bitter Truth of Capitalism

In this era of Corporatarisation, one of important lesson, the management try to teach their new recruits is

WIIFM (What's In It For Me)

Bcoz they want the profit earning robots not human as their employees

#StopDisinvestment

1/n
Indian Banking Industry is no exception !!

Even though, Public Sector Banks are aimed for the financial inclusion of unbanked class too, Pvt Banks have aim to earn the profits via serving (better I term exploiting) elite class !!

#StopDisinvestment
#StopPrivatisation

2/n
Jun 3, 2020 16 tweets 7 min read
Customer Service is the key to survive for PSBs

The thread is a little long but could be useful in the context of enhancing the customer service standards in branch banking specifically for PSBs..

Out of my 13+ yrs of experience with three different kind of banks..

#SavePSB I have no shame to accept the fact that PSBs are far below in customer service standards in banking. Data and reports may differ but it's an outcome of my banking experience.

You may get a clue n a way to act on for the survival of PSB status of (y)our bank n #StopPrivatisation