HDFC Bank has done a write back of around Rs 200 crore or 20% on its provisions made to its alternative investment funds (AIFs), said Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. “We have released around 200 crore from our provisions to our AIFs investments. This is around 20 percent of our total provisioning,” Vaidyanathan said at a post-result press conference.
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Individuals can invest in the metal through sovereign gold bonds. They can invest in bonds at the time of primary issuance or from the secondary market if they are available at a discount. As there are few buyers for these bonds in the secondary market, some sellers offer the bonds at a lower price. Investing in Sovereign Gold Bonds (SGBs) has several advantages.
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There was a time when the term "million-dollar home" conjured images of mansions in Beverly Hills or penthouses in Manhattan. But in a housing market where the median price of a US home has jumped 30% since 2020 and nearly doubled since 2010, what does a cool million command these days? A six-bedroom home? Sure, but it's in Cleveland. A luxury penthouse? Sort of.
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