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My friend’s mother-in-law is a widow; she is 75 years old. She sold one of her properties and put Rs. 67 Lakhs in Bank Fixed Deposit in Sr. Citizen Account, she used to run her expenses with the interest. A share sub-broker wrongly advised her to invest in shares; she was told that she can […]
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It’s Rahul’s 10th birthday and he is all excited about gifts he is going to get , specially the Blackberry Curve his father has promised followed by a lavish dinner at a five star hotel!! Prasad wants to go abroad for higher studies but his family cannot bear the expenses. Prasad has always compromised his […]
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Wedding Planning is important, but so is Financial Planning… Getting married is exciting but it brings added responsibilities along with joy and happiness. Suddenly ‘I’ becomes ‘WE’ and all decisions become joint decisions – be it personal, professional or financial. The financial decisions you make as newly married couple impact your financial future together. But […]
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Mr.Rajesh Iyer(37) has fond memories of his childhood days when his father was the only earning member in his family of 4 siblings. His mother was a homemaker and was supposed to take care of the children and the kitchen. Rajesh still doesn’t know how much his father used to earn but he vividly remembers […]
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You must have heard of “Stress Test” carried on American and European banks during the 2009 crisis which brings out the reality on under-capitalisation of banks and how prepared they are to face unfavourable economic scenario. As per Investopedia, bank stress test is an analysis conducted under unfavourable economic scenario which is designed to determine […]
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