Reverse mortgage scheme for senior citizens takes shape (Indian Express Finance via Yahoo! India News)
Launching an exclusive product for the senior citizens, banks here are promoting the reverse mortgage loan scheme for their benefit. While the Punjab National Bank (PNB) introduced this scheme in the market as PNB Baagbaan on April 13, the number of enquiries has increased tremendously over this time period. Toeing the same line, the State Bank of India (SBI) has also geared up by launching SBI …
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