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Mahindra Finance shifts revenue mix as alternative segments grow to 8.76%
Income generated from other financial activities expanded significantly to fill the remaining 8.76% share, up from a baseline of 0.35% in the prior period
South Indian Bank eyes inflows of up to $1 billion via fresh FCNR (B) deposits
The sharp rise in interest rates on FCNR (B) deposits follows RBIs measures to bolster Dollar inflows, including by bearing the full hedging cost for fresh 35-year FCNR (B) deposits raised up to September-end 2026
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
MFI sectors portfolio quality is strengthening, liquidity is returning, says new chairperson of MFIN
Gyan Mohan noted that microfinance has transformed millions of lives by placing financial opportunity in the hands of those who need it most - particularly women and underserved communities
Dvara KGFS Digital Services appoints Ramkumar Ratnam as CEO
Ratnam has been associated with Dvara for the past 12 years most recently, as Chief Business Officer of Dvara KGFS
Passport application fees are set to rise significantly from July 1, 2026. Both regular and Tatkaal applications for new passports, reissues, and replacements for lost or damaged documents will see substantial increases. Minor applicants and those seeking Police Clearance Certificates will also face higher charges. A separate fee structure is being introduced for services availed abroad.
Gold and silver prices have seen significant drops in June, presenting a buying opportunity for new investors. Existing investors are advised against panic selling, with experts suggesting averaging down costs. The decline is attributed to the US Federal Reserve's hawkish stance and a strengthening dollar. Long-term investors can consider gradual accumulation, with ETFs and mutual funds recommended as preferred investment vehicles.
While chasing higher returns often feels thrilling and makes you feel like you are winning, following disciple with a proper plan in mind is more likely to yield better returns for you over the long run. Financial planning helps you keep track of how much and where your hard-earned money is going.
ITAT Mumbai found that full TDS credit has not been granted since assessees employer has deducted TDS but has not remitted the same to the revenue. Because of this, full TDS credit didnt reflect in her Form 26AS and so the Rs 3.91 lakh TDS credit claim was denied. Read on to know how the taxpayer won the case.
The Goods and Services Tax Appellate Tribunal (GSTAT) has extended its relaxed scrutiny guidelines for filing appeals until December 31, 2026. This move aims to prevent procedural technicalities from hindering substantive justice, allowing the registry to focus on significant defects rather than minor form-related issues. Taxpayers benefit from this taxpayer-friendly measure, ensuring smoother navigation of the digital appellate system while still needing to adhere to appeal filing deadlines.
RBI issues final norms to expand credit derivatives market, allows wider CDS use
Resident Indian non-retail users can deploy instruments without any restrictions on purpose, while use of the same instruments by non-resident users for hedging purposes are limited
Gold prices saw a slight uptick on Friday, June 26, 2026. Major retailers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also adjusted their 22K gold rates upwards. The IBJA did not release new rates due to a market holiday.
India's banking sector set for re-rating, but loan growth may stay moderate: Report
The report suggests that asset quality is not a concern in the near term, with both public and private banks expected to report lower slippages
AMFI Reshuffle: Physicswallah among 6 midcap stocks that may get demoted to smallcap
EPFO services interrupted from June 26-30: Check full list of services unavailable for five days
EPFO services, including its member and employer portals and the UMANG app, will be temporarily unavailable from June 26th to June 30th due to a scheduled system migration. This upgrade aims to enhance service speed, reliability, and security.
Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay it, under the old tax regime. This benefit, supported by a 1969 CBDT circular and expected to continue under the Income-tax Act, 2025, allows for dual deductions up to Rs 2 lakh for self-occupied properties.
Looking for largecap funds? Here are top 5 picks for June 2026
RBI proposes wider access to Indian money markets in draft rules
RBI says NBFCs, including mortgage providers, to be allowed to trade in term money markets as borrowers, lenders
Microcaps top 10-year returns chart, outshine midcaps and smallcaps
Over the last 10 years, microcaps delivered the highest returns, outperforming midcaps, small caps, and large caps. Here is a detailed breakup, as reported by ET Wealth.
The Supreme Court has shielded an innocent land buyer from criminal charges in a forged Will case. The buyer, unaware of the forgery, purchased 1.31 acres based on a fake Will. The court ruled that a bona fide purchaser, lacking knowledge of the fraud and not linked to the conspiracy, cannot be held criminally liable. Proceedings will continue against other accused.
ITR filing 2026: 7 big changes in due dates, ITR forms and F&O rules you must know
A financial expert reviews a Rs 43,500 monthly SIP portfolio built for a 20-year horizon and suggests minimal changes. The key recommendation is replacing one active midcap fund with a passive index fund while keeping existing allocations largely intact and using debt funds for short-term investment needs.
Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules say
Discovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly permit only one personal PPF account. Learn how to identify and regularize duplicate accounts, understand the implications for your deposits and interest, and what steps to take to avoid complications and preserve your hard-earned savings.
Homebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exceeding three years. The tribunal emphasized that the MHADA-MCGM dispute predated the agreed possession date, making the builder liable for delays. Buyers are now entitled to a full refund with interest, reinforcing buyer rights under RERA.
A senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a significant delay, the Income Tax Appellate Tribunal (ITAT) in Chennai granted him full tax exemption, recognizing the compensation as tax-free under Section 10(10B). This ruling offers relief and highlights the possibility of rectifying tax errors.
Muharram bank holiday today: Are banks open or closed in your state today on June 26, 2026?
Bank holiday today: Banks across many states and union territories are closed today, June 26, 2026, for the observance of Muharram. This closure, coupled with the fourth Saturday and Sunday, means a three-day break for banking services in these regions. Customers needing to visit a bank will have to wait until Monday to conduct their transactions.
Hybrid SIFs lure wealthy investors with tax edge and stronger returns
Affluent investors are increasingly turning to newly launched hybrid specialised investment funds (SIFs) for their tax efficiency and better returns than traditional fixed-income options. These funds, blending debt, equity, and derivatives, have attracted significant assets, with hybrid strategies dominating. Their appeal lies in equity taxation benefits and lower volatility, offering attractive post-tax returns for wealthy individuals and family offices.
RBI plans to allow retail investors to invest in G-Secs via demat account route
The minimum transaction amount through this route will be 10,000
HDFC Mid Cap Fund asset crosses 1 lakh cr in 19 years
The scheme has generated a return of 17 per cent CAGR since inception, outperforming its benchmark return of 15%
Domestic SIPs power India's market resilience amidst FPI outflows: HDFC Securities
India is experiencing a pivotal shift in its financial markets as domestic investors take the lead over foreign entities, enduring a three-year trend of FPI sell-offs. This resilience results from a cultural embrace of SIPs for equity savings and a more sophisticated investor base. While global factors may still affect FPIs, the rising domestic wealth is now significantly influencing the market.
8th Pay Commission HRA changes: NC-JCM, defence employee body, others propose up to 40% HRA
Central government employees and pensioners are eagerly awaiting the 8th Pay Commission's report, with discussions around the crucial fitment factor intensifying. While some experts predict a factor around 2.0, others, like AINPS President Manjeet Singh Patel, suggest it could reach 2.10. Patel's calculations, considering DA, HRA, TA, and family unit counts, illustrate potential scenarios for increased payouts, sparking anticipation for the final government decision.
These 5 smallcap mutual funds deliver over 25% annualised returns in 3 years. Check details
Five small-cap mutual funds delivered over 25% annualised returns in the last three years, led by Bandhan Small Cap Fund and ITI Small Cap Fund. Passive index funds and Invesco India Smallcap also performed strongly, while several large schemes lagged with mid-teen returns. Investors are advised to focus on the risk profile.
Highest 1-year FD rates: Where will Rs 5 lakh grow the most in just one year?
Seeking stable returns? Fixed deposits offer a low-risk avenue for your savings. For a Rs 5 lakh investment in a one-year FD, explore top rates from public sector banks, private banks and small finance bank.
HDFC Life reports 12% premium growth in FY26, retail protection business rises 43%
The company's profit after tax stood at 1,910 crore during the reporting year, while assets under management rose to 3.75 lakh crore and embedded value stood at 62,139 crore
NFO: 5 mutual funds and 1 SIF are currently open for subscription. Check details
Five mutual funds and one SIF are open for subscription, covering hybrid, index, life cycle, multi-sector, FoF and multi-asset categories. Key offerings include Kotak Infinity Hybrid Long-Short SIF, Zerodha Life Cycle Funds 2036 and 2041, HDFC Nifty Auto Index Fund, Tata Multi Sector Passive FoF and JM Multi Asset Allocation
As per the latest RBI guidelines, if you have lodged a complaint for the fraudulent transaction within 5 calendar days, you shall be compensated the lower of 85% of the net loss amount or Rs 25,000. These rules will come into effect from January 2027, and apply in cases of electronic banking transactions undertaken by customers on or after January 1, 2027.
Top 10 mutual funds to invest through SIP with investment horizon of 5 years. Check details
Top SIP mutual fund performers over five years show strong wealth creation potential, with gold, infrastructure, midcap, and smallcap funds delivering XIRR up to 53%. However, investment decisions should consider risk profile, horizon, and financial goals.
Planning a Rs 7 crore corpus in 12 years? Expert recommends active funds over index funds
An investor's query about active versus passive funds for long-term goals received expert advice. While index funds offer low costs, active management in India presents opportunities for outperformance due to information inefficiencies. A 10% annual SIP step-up is recommended to reach a Rs 7 crore corpus. The expert suggested replacing an index fund with a focused actively managed fund for better diversification and potential returns.
EPFO's online portal will be inaccessible for claim submissions and processing from June 26th to June 28th, 2026, due to a planned technology upgrade. Services on the Umang app will also be unavailable until July 2nd. This temporary shutdown aims to enhance service delivery and user experience.
Affordable housing finance firms likely to regain growth in FY27, but macro risks loom: Kotak
Affordable housing finance companies are poised for a growth rebound from FY27, according to Kotak Institutional Securities. After a subdued period due to lending slowdowns and competition, industry trends are already showing improvement. Disbursement growth accelerated in the latter half of FY26, with managements expressing optimism. While healthy growth is expected in early FY27, macroeconomic factors like monsoon, inflation, and interest rates will shape the latter half of the year.
ESAF SFB shift focus to secured lending after crossing 50,000-crore biz
Our focus now is not merely on scale, but on sustainable and profitable growth, said George K John, Executive Director, ESAF Small Finance Bank
Gold prices and silver prices continued their descent on Thursday, June 25, 2026, offering a welcome respite for buyers after recent surges. IBJS 22k gold and leading jewelers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas have all reported lower rates for 22K gold across major cities.
Looking for midcap mutual funds in June? Here are 5 funds to consider
ETMutualFunds shortlisted midcap funds using rolling returns, consistency, downside risk, outperformance, and minimum Rs 50 crore assets. Axis, PGIM, Invesco, Kotak, and Tata delivered strong three-year returns, suitable for high-risk investors with seven-to-ten-year horizons.
Silver and gold ETFs plunged up to 8% on Thursday as precious metal prices extended losses for a second straight session on the MCX. The decline was driven by a stronger US dollar and rising expectations of US Federal Reserve rate hikes later this year. Silver ETFs led losses, with Tata Silver ETF falling the most, followed by broad-based declines across funds.
MF Tracker: How Edelweiss Large Cap Fund logged positive returns in last 10 calendar years
Edelweiss Large Cap Fund has achieved a remarkable decade of positive returns, never dipping into negative territory. This consistency is attributed to its FACTOR investment strategy, emphasizing active risk management and a quality-focused stock selection process. While it has underperformed benchmarks in shorter periods, its long-term performance and strategic sector allocations, particularly in financial services and healthcare, highlight its resilience.
Does hustle culture suit Indians? 7 things to know about building wealth in a rigged system
Best medium to long duration funds to invest in June 2026
Conservative investors are steered towards safer, short-term debt funds, often overlooking medium to long duration options due to their inherent interest rate sensitivity. These longer-term funds, while potentially rewarding in falling rate environments, carry significant volatility and risk when rates rise. Advisors caution that predicting interest rate movements is challenging, making timing entry and exit crucial for those with a higher risk appetite and long investment horizon.
Bitcoin breaks below $60,000 again as biggest crypto buyers balk
The cryptocurrency fell through a closely watched support level on Wednesday as investors grappled with growing concerns about Michael Saylors financing machine at Strategy Inc
Aspiring to build a substantial retirement fund? The Public Provident Fund (PPF) offers a compelling avenue for low-risk investors. By consistently investing the maximum annual limit of Rs 1.5 lakh, individuals starting at age 30 can amass an impressive by age 60.
Working beyond office hours? Find out whether the New Labour Code entitles you to overtime pay
New Labour Codes, effective November 2025, redefine overtime eligibility and calculation. While standard working hours remain, employees working beyond 8 hours daily or 48 hours weekly are entitled to at least double their normal wage. Managerial and supervisory roles may still qualify based on actual duties, not just designation, potentially increasing payouts for many.
Soaring medical costs, with surgery expenses up 250-300%, necessitate robust health insurance. Experts advise a minimum of Rs 10-15 lakh for individuals and Rs 15-25 lakh for families, with higher coverage for metro residents and seniors. Pairing a base policy with a super top-up plan offers cost-effective protection against escalating healthcare expenses.
No Respite for Tata Sons as RBI tightens NBFC-UL norms, listing pressure mounts
Any NBFC crossing the 1 lakh crore asset mark is automatically classified as an upper-layer entity, eliminating earlier discretion provided under a parametric scoring system
RBI finalises 1 lakh cr & above as asset size criteria for classifying a NBFC in Upper Layer
Tata Sons may be required to go for listing
RBI enhances customer protection for electronic banking transactions
Banks asked to put in place a mechanism for compensation of up to 25,000 for small value fraudulent e-banking transactions, mandatorily send instant SMS alerts to its customers and provide 24x7 access through various channels for reporting of fraudulent transactions
G-Secs rally on RBI Governors rate hike comments; Brent crude oil price fall also lends support
Rupee closes 7 paise higher at 94.6650 per dollar
Supra Pacific Financial Services targets 500-branch expansion and 2,500 crore asset base
The NBFC will strengthen its presence in states including Gujarat, Delhi, Rajasthan, Odisha and Telangana, while expanding deeper into southern and western markets.
FundsIndia raises 44.6 crore by closing maiden secured NCD issuance
The firm plans to use the funds to strengthen its technology and platform capabilities, and expanding the range of investment products
RBI proposes guidelines for banks to manage AI risks
RBI says banks must put in place a board-approved risk management framework covering all AI and machine-learning models
Belong reports 2x jump in investment inflows as NRIs boost India allocation via GIFT City
More NRIs are approaching India as an investment destination, says Ankur Choudhary, Co-Founder and CEO of Belong
The Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax liability. This involves manipulating claims like House Rent Allowance (HRA) for undue benefits. Taxpayers who engaged in this practice are advised to voluntarily pay the correct tax and interest, or seek condonation from the department to avoid penalties and potential legal action.
India's asset wealth management AUM projected to reach US$ 1.7 trillion by 2030: PwC report
Indias asset and wealth management industry is projected to reach US$1.7 trillion in AUM by 2030, driven by rising retail participation, growing institutional pools and expanding digital financial infrastructure, according to a PwC report.
NFO Update: Ionic Asset announces launch of Global Asset Allocation Fund
Ionic Asset has launched the Global Asset Allocation Fund, a GIFT City-based, privately placed offering aimed at sophisticated investors, HNIs and UHNIs. The fund seeks to provide geography-agnostic multi-asset exposure through a mix of global equities, commodities and REITs, with allocations designed to capture long-term structural opportunities across markets and themes.
PNB MetLife settles 99.81% of individual claims in FY26, pays out over 1,029 crore
PNB MetLife pays out 526.62 crore across 6,188 individual claims and 502.69 crore across 6,868 group claims during year
One balance, many markets: Binance and the making of a finance super app
Binance is revolutionizing investing by consolidating crypto, stocks, and commodities into a single platform, mirroring Asia's 'super app' model. This move, particularly impactful in emerging markets, offers unprecedented access to global equities and pre-IPO opportunities. Fractional ownership and stablecoin settlements are breaking down traditional barriers, making diversified portfolios accessible via smartphones and promising to channel trillions into equity markets.
Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to know
Taxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's technical glitches and delayed form releases, this year's process has been smooth, with utilities available on time. Experts advise against banking on an extension and urge prompt filing within the stipulated dates. Various deadlines exist for different taxpayer categories.
Post office customers can now do paperless transactions at branch offices with Aadhaar e-KYC
The Department of Posts has introduced Aadhaar-based e-KYC at Branch Post Offices, enabling eligible Post Office Savings Account, RD and SSY customers to make paperless deposits up to Rs 50,000 and savings account withdrawals up to Rs 20,000. Aadhaar-authenticated transactions can now be done at any branch, while mobile-linked accounts become mandatory from September 1, 2026.
These 5 flexicap mutual funds delivered single-digit returns in 3 years. Check details
Banks are constrained for credit only when they do not have sufficient capital and we (banks) have sufficient capital, the RBI Governor said
AMFI Rejig: Mazagon Dock among 9 largecaps stocks that may get midcap status in H2 CY26
Nuvama Institutional Equities expects AMFIs H2 CY26 semi-annual rejig to trigger changes in market-cap classifications, with around nine stocks potentially moving from large-cap to midcap status. Rising cut-off thresholds could affect names across real estate, hospitality, healthcare, industrials and consumer sectors.
Retirees often face a dilemma investing their corpus, balancing safety with growth. Expert Abhijit Chokshi advises a diversified approach for a Rs 1 crore investment, suggesting balanced advantage funds, quality debt funds for emergencies, and a cautious entry into equity via Systematic Transfer Plans (STPs). This strategy aims to manage risk and ensure peace of mind during market volatility, emphasizing a long-term perspective.
BHIM Payments App transaction volumes more than triple in one year: NBSL Chief
The monthly transaction volumes on the app increased from 79.64 million in June 2025 to 244 million transactions in May 2026, Lalitha Nataraj, MD & CEO, NBSL, said.
NFO Update: Tata AIA Life Insurance launches Multifactor Index Fund
Tata AIA Life Insurance has launched the Tata AIA Multifactor Index Fund, a ULIP-based offering designed to combine equity market participation with life insurance protection. Built on a low-volatility multifactor strategy, the fund aims to provide diversified exposure and steadier long-term wealth creation through a rules-based investment approach.
Edelweiss Mutual Fund has launched a unique technology fund, blending Indian IT stocks with global tech giants. This fund aims for long-term capital appreciation by taking a contrarian view on Indian IT while investing in innovative global companies. It offers investors a single avenue to tap into both domestic and international technology growth opportunities, differentiating itself from single-focus funds.
Premature to talk about a rate hike: RBI Guv Malhotra
The Governor observed that if the MPC was sure about the second round effects of inflation, it would have acted.
ITR filing 2026: July 31 isn't the deadline for everyone; check 5 other key dates
Gold prices saw a mixed trend on Wednesday, June 24, 2026, with Tanishq holding steady while other major jewellers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas lowered their 22K gold rates. This comes as IBJA's Tuesday evening rates indicated a slight dip. Consumers can check specific rates across various purities and brands for informed decisions.
FCNR rates surge to 7%: What NRIs need to know before moving overseas deposits
NFO Alert: HDFC Mutual Fund announces launch of Nifty Auto Index Fund
HDFC Mutual Fund has launched the HDFC Nifty Auto Index Fund, an open-ended scheme offering passive exposure to Indias automobile and auto ancillary sector. The NFO is open for subscription and will close on July 3. The scheme will reopen for continuous sale and repurchase within five working days after allotment of units under the NFO.
Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%
Moodys Ratings has assigned a Baa3 rating, with a Stable Outlook to the above referenced obligation, Axis Bank says in a regulatory filing
NFO Insight: Can JM Multi Asset Allocation Fund help investors navigate uncertain market?
JM Financial Mutual Fund has launched the JM Multi Asset Allocation Fund, aiming to provide long-term capital appreciation and income by investing across equity, debt, and commodities. The fund employs a structured, model-guided approach to dynamically allocate assets, seeking to navigate market cycles and offer risk-adjusted growth. Experts suggest such funds can offer diversification and stability, potentially outperforming pure equity funds in uncertain times, and may suit first-time investors.
Best medium duration mutual funds to invest in June 2026
Investment advisors are increasingly recommending medium duration funds, anticipating superior returns as interest rates decline. These debt funds, mandated by SEBI to hold instruments with a Macaulay duration of three to four years, suit investors with similar horizons. While sensitive to rate hikes, they offer potential for those willing to accept some volatility for longer-term parking of funds.
Not money savvy & only getting worse? 7 silent money mistakes draining middle-class India dry
Can a bank seize your vehicle after EMI default? What borrowers need to know
Facing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without due process. Recovery agents must not use force or intimidation. You're entitled to notices and can reclaim your vehicle before sale if you regularize your loan. Any surplus from a sale after clearing dues belongs to you. Know the rules to protect your asset.
Investment options for senior citizens: Senior citizens seeking steady retirement income can choose between Senior Citizens Savings Scheme (SCSS), Fixed Deposits (FDs), and RBI Floating Rate Bonds.
A man will receive Rs 4,000 in compensation after an e-commerce company failed to deliver his grandmother's birthday cake, despite charging extra for delivery. The consumer commission found the company guilty of deficiency in service, ordering a refund of the cake and delivery charges with interest, plus compensation for harassment and litigation costs. The company's claim that the recipient refused the order was disproven by audio evidence.
