Union Bank Q2 PAT fell 10% due to decline in total revenues and lower recoveries

Asheesh Pandey, MD and CEO of Union Bank Union Bank of India on Thursday reported a 10 percent year-on-year decline in net profit for the quarter ended September at ₹4,249 crore, due to lower overall revenues and recoveries on written-off loans. The bank’s net interest income (NII) fell 3 per cent y-o-y to ₹8,812 crore, […]

How Middle Class Families Can Avoid Foreclosure – FangWallet

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This is how you build a financial safety net as a self-employed person (without stress about taxes) – The Happy Financial

As a self-employed person you have flexibility, freedom and responsibility. Issues such as: “What if my income suddenly decreases?” or “Have I put enough aside for taxes?” are real. In this article you will discover how to build a robust financial safety net so that you work with more peace and unexpected tax bills do […]

Simple budget hacks that make a big difference

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Young Canadians sue CPP Investments over climate risks – MoneySense

The four allege in a lawsuit filed Monday in the Ontario Superior Court of Justice that the Canada Pension Plan’s investment manager is breaching its duty to invest in their best interests and by its approach exposes their contributions to excessive risk of loss. “I don’t want to sue my pension plan administrator, but I […]

Next phase of UPI growth will come from frictionless biometric and chat-based payments: report

The next phase of growth for India’s Unified Payments Interface (UPI) will come from frictionless biometric authentication and conversational ‘chat and pay’ journeys, according to a report by Worldline, a global payment services provider. The report highlighted that UPI’s next wave of expansion is already visible, with global corridors such as Singapore and the UAE […]

RBI rejects SBI’s proposal to increase stake in Investec unit

SBI Capital Markets Ltd, a unit of the State Bank of India, had sought the central bank’s approval to increase its stake in the partnership from around 20 per cent to around 40 per cent, sources said. Photo credit: REUTERS/RUPAK DE CHOWDHURI The Reserve Bank of India has rejected a proposal by the country’s largest […]

The history of the Federal Reserve differs in two directions

The Federal Reserve’s decision on Wednesday to cut interest rates by a quarter of a percentage point drew dissent from two policymakers, with one favoring a larger cut and the other favoring no cut at all, a rare example in recent decades of multiple dissents in opposing directions. The Federal Open Market Committee voted 10-2 […]

This is the real reason she wants a prenup

Image source: Shutterstock Marital fidelity still carries a strange stigma. Many people assume that they are only for the wealthy, or that if you ask for them, you are already planning on getting a divorce. But that story is quickly changing, especially among younger couples. More and more women are leading the conversation about prenuptial […]

The fastest way to accumulate the greatest amount of wealth

There are four ways to build wealth: The path of saver-investor Climbing path of the big company Virtuoso path and Dreamer-entrepreneur path According to the vast amount of data I’ve collected since 2004, the fastest way to accumulate the greatest amount of wealth is without a doubt the dreamer-entrepreneur path. In my Rich Habits Study, […]