Circular Date - 01 May 2023

Applicable Branches - All

Below are the targets for loan managers and branch managers' eligibility for a salary increment.

• This is a team goal as a branch. If a branch has 3 people then the Loan Book (AUM) should be minimum of 9 Cr, If a branch has 4 people then the AUM should be minimum of 12 Cr.
• We require a minimum of 3Cr Loan Book (AUM) per employee per branch.
• If the team achieves more than this, they will be eligible for a salary increment.
• If any new employee joins or gets added in the branch , it will be calculated on the weighted average basis. example - 3Cr target for 1 year if some one joins after 6 months then required would be 1.5Cr for other branch staff, and 3Cr for the new joiner
• No timelines restrictions for achieving this. Faster you reach the target as a team sooner you will get your salary increments.

Note to Branch Managers:

• Any team member who requests for an increment, please inform these targets.
• This is applicable unless if any other information is mentioned over an email by me or Nikhil.