Andhra Bank

The Central Vigilance Commission disposed of 784 cases during February 2010 referred to it for advice. The Commission advised imposition of major penalty against 170 officers including 47 from M/o Railways, 20 from MCD, 16 from Bharat Petroleum Corpn. Ltd., 10 from Bharat Coking Coal Ltd., 7 from Canara Bank, 6 each from Vijaya Bank, Bharat Heavy Electricals Ltd. and Northern Coalfields Ltd., 4 from Punjab National Bank, Full Article

When you buy a house through a home loan, every EMI you pay towards servicing the loan increases your equity in the house. Once you payoff the loan in full, your equity in the house is 100 per cent. In reverse mortgage, exactly the opposite happens. When you pledge your house for reverse mortgage with a lending institution, your equity in your own house decreases with every disbursal that the lending institution makes to you. Full Article