Concerns: The investment community woke up to a rude shock last Friday. The capital market regulator, SEBI, banned Karvy Stock Broking (KSB). SEBI found that Karvy Stock Broking had fraudulently pledged the shares of some of its clients – after transferring the shares from their Demat accounts without informing them – and raised funds, which were transferred to one of its sister firms, Karvy Realty Pvt Ltd. The PMC Bank has been put under restrictions by the RBI since September after an alleged Rs4,355 crore scam, following which the deposit withdrawal was initially capped at Rs1,000/- causing panic and distress […]

It is quite normal in the family to discuss about budget and expenses; Husbands focus on reducing grocery bills whereas wife’s obsession is with expensive wasteful expenditure on restaurants and husband’s alcohol. Health-conscious wife advises her husband to join the Gym after seeing her husband’s growing belly.   The family’s budget had been blown by a princely sum of ₹5,000, 10% of their monthly routine expenses. But they have conveniently overlooked some items which have overshoot their expenses. Rent has increased by 30%, Credit card has nearly doubled their average monthly spend. The Singapore vacation overshot the budget by 40%. […]