Sunday , January 22 2017

Tag Archives: Banking and Finance

How Donald Trump Just Raised Many Mortgage Bills

Donald Trump-Mortgage-bills

In one of his very first functional moves as president, Donald Trump signed an administrative order Friday that will result in a hike to many first-time homeowners’ mortgage bills. Donald Trump, who claimed a democratic mantle in his first speech as a president, signed the administrative order drawing back an ...

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Rs 3-4 lakh crore unaccounted money deposited in bank accounts: IT dept

IT dept

Besides, the IT Dept said Rs 25,000 crore worth of cash was deposited in dormant bank accounts. New Delhi: The Income Tax Department suspects that nearly Rs 3-4 lakh crore of uncounted income has been deposited in banks post the demonization drive that began 2 months ago and is scrutinizing ...

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Breakthrough in Muthoot Finance dacoity, 3 nabbed

Muthoot Finance dacoity

The Cyberabad police cracked the on Wednesday. While key persons are still at large, three of their associates were caught near the Karnataka-Maharashtra border. Hyderabad: The Cyberabad police traced the Muthoot Finance dacoity on Wednesday. While key persons are still at hide, 3 of their companions were caught near the ...

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Finance Minister stated no questioning on deposits at one go, but some banks prefer to do so

finance-minister-arun-jaitley

NEW DELHI: Finance Minister Arun Jaitley stated on December 19 no queries would be asked if any amount of demonetized currency is deposited at one go but repetitive deposits might raise queries. Yet, depositors are being subjected to a genuine inquisition at some banks. Everyone who wants to deposit more ...

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Reliance Home Finance to raise Rs 3,500 crore via NCDs

reliance-home-finance

NEW DELHI: Anil Ambani Group organization Reliance Home Finance today stated its first debenture topic worth up to Rs 3,500 crore will open on December 22. The public issue will open on December 22 and close on January 6 while the money elevated will be utilized for lending, financing, repayment ...

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Higher interest rates crush mortgage application volume, down 9.4%

mortgage-application

Mortgage application volume in the Thanksgiving week dropped to the lowest level since early January The highest interest rates in well over a year are putting a dip in the mortgage business. Total mortgage application volume cut down to 9.4 percent last week when compared to the previous week, on ...

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State-run banks’ bad loans over Rs 6 lakh crore as on end-September

state-run-banks-bad-loans-over-rs-6-lakh-crore-as-on-end-september

Gross NPAs of the PSBs have surged from 5.43 per cent of the total advances (Rs 2.67 lakh crore) in 2014-15, to 9.32 per cent (Rs 4.76 lakh crore) in 2015-16 NEW DELHI: Gross NPAs (Non-Performing Assets), or bad loans, of PSBs (Public Sector Banks) as on end-September arises to ...

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The biggest flash sale in life insurance happens when you are in your 20s!

insurance

Really, there are some very convincing reasons why you should one buy insurance when you are young & you think you don’t need it! If you think 20s is too early to consider financial planning and insurance, then you couldn’t be more wrong. As you will realize in this story, ...

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Rising Mortgage Rates Help, but Also Hurt, Banks

mortgage-rates

Banks in the united states have much to be grateful for this holiday season. Higher rates on mortgages aren’t essentially on the list. The average rate on a 30-year fixed conforming mortgage has increased to 4.16%, according to the Mortgage Bankers Association, up from post-Brexit decreases around 3.6%. Higher mortgage ...

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