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Eligibility Criteria for ICICI Emeralde Private Metal - Discussion
- Thread starter abhiaj_geek
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hims007sagar
TF Buzz
what is PPOP @Prem03 ?
Prem03
TF Premier
Not for everyone my friend. Many are getting approval just on the basis of salary but not everyone. Some BMs/RMs are giving this reason that upper management is not approving because of zero PPOP.
Also, there is only one ICICI branch in my city.
Since EPM is invite only card, what can be done in this case?
Prem03
TF Premier
Search on Google or see the initial post.
There is no ppop criteria. I got my EPM with 0 icici relationship and purely on basis of salary without chasing anyone. Just 2 interactions with icici .. 1st to visit branch and ask to log application via a normal cc agent and then a single follow up.
My point is, this card can be approved without ppop and I don’t think it’s even a criterion. It never figured in my discussion with my RM. Either your RM is pushing his agenda or he doesn’t even know how to take it forward. Majority of people on this forum got it just with their salary and majority didn’t even have wealth mgmt when they had received it.
Prem03
TF Premier
I understood your point but I am saying is that this is not working in each and every branch. As many said you need the right BM/RM to get it approved and this is not valid for my home branch.
Is there any way to apply it through some other branch RM?
Prem03
TF Premier
Criteria is there and that you can see in the initial post also but that is true many are getting without that as well.
Potentially they have removed that now watching the approval rate without it. But, RM/BM keep using that to milk customers for their targets.
True. PPOP was/is just an excuse by most BM/RM to decline request for EPM, so that they don't get blame for not applying on behalf of customers.
If anyone fulfill salary criteria & existing ICICI credit card with good limit, they can easily get the card. Plus having wealth account with decent TRV will make application approval easier.
If one has corporate RM, go through them, it's fastest way to get card.
If not, then just find a branch where they are willing to get approval on basis of customers banking relationship & Salary/ITR criteria.
I am sure by end of this year many CC holder with 10 L or above limit with get pre approved EPM on iMobile/netbanking.
Pre-Provision Operating Profit (PPOP) is calculated by subtracting operating expenses from operating income, excluding provisions for loan losses. This calculation highlights a bank’s ability to generate income from its core operations, independent of credit risk.
Example:
Let’s say a bank reports the following for a quarter:- Net Interest Income: ₹1,200 crore
- Non-Interest Income (fees, commissions, etc.): â‚ą300 crore
- Operating Expenses (salaries, rent, admin costs): â‚ą800 crore
PPOP Calculation:
PPOP = (Net Interest Income + Non-Interest Income) – Operating Expenses PPOP = (₹1,200 + ₹300) – ₹800 = ₹700 croreSo, the bank’s PPOP for the quarter is ₹700 crore. This figure reflects the bank’s core profitability before accounting for any provisions for bad loans or other contingencies.
Sid1094
TF Buzz
ICICI is quite generous with cc limit. Many people have more than 10L as cc limit. If most of these people get epm as pre-approved then severe devaluation would follow!
strange, no LE for over 3+ years for me.
That's gonna happen anyway sooner or later. I can just hope that even if they remove some perks, they include some new one too, because renewal depends on that only.
Here we are discussing about ppop and people on X are saying criteria for epm has reduced to 2.4L
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