PNB Housing revamps ‘Unnati’ to offer Rs 9-12 lakh as affordable loans: MD&CEO Prasad PNB Housing Finance is revamping its ‘Unnati’ loan portfolio to go deeper into the affordable housing segment eyeing customers who need loans of Rs 9-12 lakh, MD & CEO Hardayal Prasad said.   PNB Housing has created a small vertical under Unnati which will be different ...

[ad_1] Hopping schemes Allocation to asset classes depends upon life stage, goals and risk appetite. Mutual funds allow an increase in allocation to an asset class using the systematic transfer plan (STP). This way, investors can transfer investments from one scheme to another. (Content courtesy CIEL, ET Contributors) [ad_2]

Rupee falls 40 paise to close at 79.6 against USD as risk appetite declines The rupee fell 40 paise to close at 79.64 (provisional) against the US dollar on Monday amid waning risk appetite among investors. Lower global crude prices and a rally in domestic equities restricted the losses to some extent, forex dealers said. At the interbank foreign exchange ...

[ad_1] [ad_2]

RBI imposes fine on 8 urban co-operative banks for breach of various norms The RBI on Monday said it has imposed penalties on eight cooperative banks, including a fine of Rs 40 lakh on the Mehsana Urban Co-operative Bank, Gujarat, for non-compliance with various norms. Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of ...

HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9 Following the RBI monetary policy committee’s (MPC) decision to raise the benchmark policy rate, mortgage lender HDFC Ltd has increased its home loan rates by 25 basis points, effective August 9, the firm said in a late-night exchange notification on Monday. This is the second ...

[ad_1] Every investor wants to find the next cryptocurrency to explode in 2022 but it’s far easier said than done. Luckily, we’re here to help.Throughout this guide, we’ll be reviewing the next cryptocurrency to explode 2022 and providing a step-by-step guide detailing how to buy our top pick for a crypto that will explode. Let’s get started. Spotlight Wire The ...

RBI prescribes norms for small finance banks looking to deal in Forex   The Reserve Bank on Monday said small finance banks which have completed two years of operations and have a minimum net worth of Rs 500 crore can deal in foreign exchange.   In a circular, the RBI said this is being permitted with the objective of giving ...

[ad_1] (This story originally appeared in on Aug 09, 2022) MUMBAI: , the country’s largest housing finance company, has increased its retail prime lending rate (PLR) on home loans by 25 basis points (100bps = 1 percentage point). This is the sixth rate hike by the corporation in two months. The lender has increased its benchmark rates by 140bps this ...

[ad_1] Kaizad Bharucha, executive director of HDFC Bank, emerged the highest earning banker for 2021-22 (FY22). This was revealed in a remuneration assessment of the country’s top bankers, according to annual reports. Bharucha, who oversees wholesale banking at HDFC Bank, received Rs 10.64 crore remuneration in FY22, mainly due to Rs 4.46 crore as performance bonus. Although ...