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Who can avail reverse mortgage, how much loan can you get, how is it disbursed [ad_1] Reverse mortgage An additional source of income for senior citizens, other than the corpus they have amassed, can be a reverse mortgage. Here, a house that the senior citizen owns is mortgaged with a bank, which pays a predetermined amount over the period of ...

Bank union opposes public sector banks’ ‘loan melas’ on NPA pile-up fears The Maharashtra State Bank Employees Federation (MSBEF) on Monday opposed ‘loan melas’ organised by state-owned banks, saying that credit granted without much diligence at such events lead to pile-up of non-performing assets. Such ‘melas’ add to the retail Non-Performing Assets (NPAs) for the lenders as ...

Gas Stocks: City gas players to gain from higher allocation: 3 stocks with up to 13% upside potential [ad_1] The CGD sector is showing robust growth signs due to rising demand for cleaner fuels, expansion of transmission network and favourable regulatory environment. The government aims to increase the natural gas share in its energy mix from 6% in 2019 to ...

Banks, financial markets strong enough to withstand extreme volatility: Das Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures. Taking the markets by surprise, US Fed chair Jerome Powell had told ...

Mirae Asset: Put money into equities in systematic manner, keep expectations in low teens: Neelesh Surana, Mirae Asset [ad_1] The earnings trajectory will remain steady and investors should put money into equities in a systematic manner and keep expectations in low teens, Neelesh Surana, CIO, Mirae Asset Investment Managers tells ET Wealth. How are you reading the market rebound? Does ...

Maharashtra state bank employees union protests govt loan melas The federation’s secretary, said in a statement the Congress government before “distributed hundreds of crores” by organising loan melas and now the present government is on the same lines

What are the risks to be aware of while using apps on your phone? [ad_1] Ritesh Chopra, director, sales & field marketing, India and SAARC at Nortonlifelock. How can people safeguard their digital devices? Cyber crime has moved away from just virus attacks to privacy and identity theft. Usually, you shut down your PC after using it, but you never ...

Rupee held its own despite sharp depreciation in other currencies: RBI Guv Despite extreme volatility in global stock markets, especially after US Federal Reserve chairman Jerome Powell’s Jackson Hole symposium remarks last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the Indian rupee has “held its own” and moved in an “orderly manner at ...

Should you invest a mutual fund with a gold and silver combo? [ad_1] If you are looking to add the glitter of precious metals to your investments, AMC is offering a first-of-its-kind 2-in-1 package. It is currently running an NFO for Edelweiss Gold & Silver FoF, a fund of funds that will invest in a mix of gold and silver ...

HSBC Bank Mauritius sells 7% shares of V-Mart Retail for Rs 392 cr HSBC Bank Mauritius on Monday offloaded 13.91 lakh shares of retail company V-Mart Retail for Rs 392 crore through an open market transaction. According to the bulk deal data available with the BSE, HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings sold 13,91,826 shares, ...