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SBI raises 4,691 crore from Tier I bonds to fund business growth
This is the first Tier I bonds issuance in the ongoing financial year and the paper carries a coupon rate of 7.75%
How to pick the right ITR form Heres the guide
8th Pay Commission salary calculator: Employee groups are advocating for a higher annual salary increment in the upcoming 8th Pay Commission. They suggest increasing the current three percent rate to at least five percent annually. This change aims to substantially boost the basic pay of central government employees. Calculations show a six percent increment could add millions over ten years. Such adjustments are expected to improve employee financial well-being significantly.
What is crypto staking and how does it work? A practical guide for beginners
Crypto staking allows holders to support blockchain networks and earn rewards. Validators are chosen based on committed tokens, reducing reliance on mining. Users can delegate tokens or use exchange services for easier participation. Staking rewards vary due to on-chain conditions and network economics. Understanding risks like volatility and redemption periods is crucial before staking.
Gratuity, pension forfeited but only leave encashment paid after nine years delay without interest; retired employee wins case in Delhi High Court as court directs employer to pay 6% interest on leave encashment. Know how this employee's family won case in Delhi High Court.
Failing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late filing fee for delayed submissions. Not filing an ITR prevents claiming refunds and carrying forward losses. Virtual digital asset income is taxed regardless of the exemption limit. The tax department may issue notices for non-compliance and missed filings.
52 equity mutual funds delivered over 100% returns in 5 years. Are any in your portfolio?
Around 52 equity mutual funds have delivered absolute returns of over 100% in the past five years, according to an ETMutualFunds analysis. Mid-cap funds dominated the top performers, led by Motilal Oswal Midcap Fund with a 169.84% return. The analysis covered 212 regular-plan, growth-option equity funds, excluding sectoral and thematic schemes, with all generating double-digit returns.
EPF or mutual funds? EPFO breaks down returns, tax rules, pension and major differences
Gold rates today: Gold prices remained steady across major Indian jewellery retailers today. Tanishq and Malabar Gold & Diamonds maintained their previous day's rates. Joyalukkas saw a slight decrease in its 22K gold price. Kalyan Jewellers has not yet updated its current gold rates. The IBJA provided benchmark prices for various gold purities and silver.
Long Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There is no current proposal under consideration to remove this tax for retail investors.
Can a Rs 31,000 monthly SIP help you build a Rs 10 crore corpus? Expert explains
Building a 10 crore corpus over 20 years requires more than regular SIP investments. Financial planners suggest reviewing portfolios periodically, increasing SIP contributions with income growth, and maintaining the right asset allocation to maximise compounding benefits.
Looking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or international lounge access without any minimum spending criteria. These cards also have a low joining fee and one of them is free for lifetime. Check other things like eligibility criteria, rewards, benefits etc.
NRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term capital gains tax treatment. The Bombay High Court and other rulings support the allotment date as the acquisition point. This principle applies even when possession or registration occurs much later. Proper documentation of the allotment letter is crucial for NRIs.
Best gilt mutual funds to invest in July 2026
Gilt funds are recommended for aggressive debt investors expecting RBI rate cuts. These funds offer potential double-digit returns when interest rates begin to fall. Gilt funds invest in government securities, carrying no credit risk but high interest rate sensitivity. Investors should possess a long-term horizon and understand interest rate cycles before investing. Nippon India Gilt Fund and Bandhan Gilt Fund are among the recommended schemes.
Family floater vs separate plan: 7 reasons your parents need their own health insurance policy
Q1 Results Today, 29th July 2026 Live Updates: Stay tuned for more from businessline
HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts. Zero-balance accounts like Jan Dhan Yojana accounts are exempt from such penalties.
Do you really need home loan insurance if you already have a term insurance plan?
Home loan insurance is designed to pay off outstanding loans if the borrower passes away, while term insurance provides a one-time payment to meet the family's needs. After securing a home loan, it's vital to reassess the adequacy of your term insurance to ensure it sufficiently covers all liabilities, particularly for those with substantial loans and multiple financial responsibilities.
New EPF withdrawal rules offer greater flexibility for salaried employees. Experts caution against withdrawing retirement savings prematurely due to lost compounding. Transferring EPF balances is generally better than withdrawing when changing jobs. Withdrawing EPF can impact future Employees' Pension Scheme benefits significantly. Consider genuine needs like permanent relocation or financial hardship before withdrawing.
Sebi proposes simplified rules, lower investment floor for mutual fund PMS
Sebi has proposed lowering the minimum investment for mutual fund-only portfolio management services. The regulator suggests reducing this threshold from Rs 50 lakh down to Rs 25 lakh. This move aims to make these services more accessible to a wider investor base. Additionally, Sebi is simplifying other requirements for these portfolio managers. These proposed changes are expected to impact the investment landscape significantly.
ICRA assigns A1+ rating to Capri Global Capitals 1,500 crore Commercial Paper programme
Rating reflects diversified lending book; Q1 net profit doubles to 353 crore on strong AUM growth
Tata Capitals Q1FY27 consolidated net profit jumps 56% at 1,547 crore
Once the Yogloans acquisition is complete, over the next two and a half to three years, TCL expects to add close to about 500 plus branches and with a portfolio of approximately 4,000 to 5,000 crores
To enhance customer centricity and promote inclusive banking, PSBs have reviewed their service charge structures.
Net profit of PSBs surged to 1.98 lakh cr in FY26
Gross advances of PSBs grew by 15.7 per cent to 127 lakh crore as on March 31, 2026
City Union Bank Q1 profit rises 25% to 383 crore on NII growth
Were on track for 20% business growth in FY27, says CEO Vijay Anandh
Equitas Small Finance Bank posts 183 crore profit in Q1
Gross advances grow 27%, led by gold and microfinance loans
Cholamandalam net profit up 46% in Q1FY27
The Board also approved fundraising aggregating to around Rs 55,000 crore by way of issue of Non-Convertible Debentures (NCDs)
Delhi High Court orders winding up of Paytm Payments Bank, says RBI
The High Court has appointed an official liquidator to oversee the winding up of Paytm Payments Bank following the RBIs decision to revoke its banking licence over regulatory violations.
Delhi High Court orders winding-up of Paytm Payments Bank
RBI-appointed liquidator Girikumar M Nair to take charge after licence cancellation in April
We are also consciously growing our retail, agriculture and MSME portfolio, says Brajesh Kumar Singh
Need regular income from mutual funds? Check these top-performing hybrid funds over 3 years
Five conservative hybrid mutual funds delivered attractive Systematic Withdrawal Plan (SWP) returns over a three-year period, according to an ET Wealth report. Parag Parikh Conservative Hybrid Fund led the category among listed schemes with a 10.9% return, followed by HSBC, ICICI Prudential, DSP, and SBI schemes.
ITR filing: Taxpayers have four days remaining to file their Income Tax Return by the July 31, 2026 deadline. It is important to match Form 16 with AIS and Form 26AS for accurate tax deductions. Gather all income and deduction documents, and choose the correct tax regime for potential savings.
Looking for best equity mutual funds to invest for 5 years? Check these 12 funds with over 20% gain
Top-performing equity mutual funds delivered over 20% five-year returns, led by infrastructure, midcap, and smallcap funds, with varying AUM, ratings, and expense ratios highlighting strong performance.
Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54F
Many taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house within the prescribed lock-in period can reverse the earlier tax benefit. This article explains how such a sale affects the computation of capital gains, highlights the different tax implications under the two provisions, and outlines the precautions taxpayers should take while filing their Income Tax Return (ITR) for Assessment Year (AY) 2026-27
Parag Parikh Flexi Cap among 5 flexicap funds with highest cash holding in June. Details here
Fund managers typically maintain cash to meet redemption requests and deploy capital when attractive investment opportunities arise.
Husband refused to take home wife after 4 years in hospital; high court orders him to care for her
Husband refused to take wife back home after she suffered an accident making her wheelchair bound; Hospital files case; HC orders him to take care and orders police to escort her. Know what the high court said.
Hold US stocks under LRS? Heres why you may not be able to gift them to NRI children
Indian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sale proceeds to be repatriated within 180 days. US stocks held under LRS may face US estate tax upon the investor's death. Indian residents can reduce this exposure by investing through non-US domiciled vehicles. Lifetime gifting and succession planning can also mitigate these tax complications.
Central government employees retired between 2006 and 2008 will not receive MACP benefits. The Modified Assured Career Progression scheme began on September 1, 2008. This means the scheme was not active during their service period. Employee bodies are now demanding more MACP promotions for Group C and B staff. They seek five financial upgradations instead of the current three.
The government has notified the EPS pension 2026 scheme, superseding older plans. Existing pension fund benefits are protected under the new scheme. A special drive is underway to dispose of pending labor cases expeditiously. The new scheme maintains the pension calculation formula and contribution rates. Membership eligibility is defined for those joining after June 29, 2026.
Stopping SIP contributions permanently can significantly delay wealth creation goals as investors lose the benefit of regular investments and long-term compounding. ET Wealth analysis shows how discontinuing a Rs 20,000 monthly SIP can delay a Rs 1 crore corpus target by several years.
EPF interest at 8.25% credited yet? Check your PF balance in these 3 easy ways
Bank of India Small Cap Fund among 21 equity MFs delivering over 20% SIP XIRR in one year
Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh.
TVS Motor raises stake in TVS Credit to 85.15% with 711-crore share purchase
With this, the shareholding of TVS Motor in TVS Credit will increase from 80.76 per cent to 85.15 per cent
ET Wealth Reader's Query: I am 43, a homemaker, with mutual fund investments of Rs 35 lakh and stock investments of Rs 50 lakh, mostly invested from my husbands income. During FY2025 26, I received dividend income of Rs 98,000, on which TDS of Rs 4,000 was deducted. I have no short-term or long-term capital gains during the year. In earlier years, I filed ITR-1 and reported annual income of Rs 2-3 lakh from private tuition. Is it appropriate to continue reporting Rs 2-3 lakh as income from private tuition? If so, which ITR form should I file?
MF Tracker: Can Motilal Oswal Midcap Fund retain its edge after topping the 5-year return chart?
Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations.
Employee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid in Australia; ITAT gives him full tax exemption on salary but denies Rs 3.4 lakh foreign tax credit. Know how employee won the fight in ITAT Delhi.
Lost track of old PF account? Govt reveals how new EPFO e-portal helps trace and transfer balance
The EPFO has launched a new digital platform to help members trace old accounts. Members can now securely access and transfer their accumulated PF balances online. This new portal simplifies the process of consolidating funds from inoperative EPF accounts.
EPF calculator: Can a 25,000 basic salary build a 1 crore retirement corpus?
RBI intervenes to bolster rupee, traders say
The rupee was up 0.3% on the day at 95.6425 per dollar, hovering around its strongest levels in two weeks
6 tax-saving tricks married couples in India are missing out on
HSBC uses leverage to win $5.5 billion in India Forex deposits
HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered
Q1 Results Today, 28th July 2026 Live Updates: Stay tuned for more from businessline
Deeper financial markets are essential for Indias developed economy goal: RBI
Indias traditional bank-led financing model is insufficient to fund Viksit Bharats long-term growth ambitions, RBI Deputy Governor Rohit Jain said in Mumbai.
HDFC Bank board issues warning letters, 1 lakh penalty to CEO, CFO in MSRDC deposit case
This decision, made on July 23, 2026, came after a special committee found their actions to be business overreach rather than outright wrongdoing
Tamilnad Mercantile Bank Q1 net profit up 35% at 412 crore on core business growth
Surge in retail loans and healthy growth in agri loans boost growth in advances
Canara Bank Q1 profit rises 2% as credit growth stays strong
The state-owned lenders net interest income rose 13.39 per cent to 10,215 crore, while total income climbed 4.26 per cent to 39,684 crore.
Alleged data leak claims surface online, where the hacker shared screenshots that supposedly reveal personal and corporate banking info, including loan details and customer records
Non-Resident Indians can now purchase US dollar-denominated term insurance plans in India. These plans are available through Policybazaar's partner insurers at GIFT City. Premiums and claim payouts will be processed in US dollars, addressing currency depreciation risks. This initiative allows global Indians to access internationally aligned financial products within India.
Homebuyer wins full Rs 18 lakh refund in Mumbai: While the developer issued an allotment letter dated August 16, 2010, it failed to provide possession to the buyer. In view of the delay, the homebuyer had approached Maharashtra RERA seeking relief. The authority had on April 24, 2025, ordered the relief of possession to the homebuyer. He again filed a review seeking refund of the amount.
Rising education costs necessitate early financial planning for parents. Disciplined investing and compounding can build a substantial education corpus. A bachelor's degree costing Rs 10 lakh today could exceed Rs 40 lakh annually in 18 years. Starting investments early significantly reduces monthly contribution requirements. Strategic shifts to debt investments mitigate market risks before college.
Customer data from Bank of Baroda leaked online
The leaked data includes customer details, identification documents, loan papers and internal audit records
Up to 25% returns in 10 years! These 5 equity mutual funds stood out for SIP investors
Five equity mutual funds have delivered annualised SIP returns of up to 24.4% over the past 10 years, according to ET Wealth. The list is dominated by small-cap and mid-cap funds, highlighting their strong long-term wealth creation potential despite higher market volatility.
Can increasing your SIP every year help you reach your goals faster? Here is what calculations show
Increasing your mutual fund SIP contribution every year can significantly accelerate wealth creation. For a Rs 1 crore target with a Rs 20,000 monthly SIP at 10% return, a 10% annual step-up cuts the timeline by nearly four years, leveraging the dual power of higher savings and compounding.
Indian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential property sales and other assets. Specific timelines and conditions must be met for claiming these tax benefits. Unutilised amounts must be deposited in the Capital Gains Account Scheme. Reporting these exemptions is crucial in the Income Tax Return schedules.
High Courts are questioning GST notice validity when only uploaded online. Punjab and Haryana High Court ruled portal uploads are not valid service. Other High Courts also quashed notices due to improper tab placement. Taxpayers must now regularly check the GST portal for any notices. The Supreme Court may soon provide a definitive ruling on this matter.
Missed the smallcap recovery? Here's what's fuelling the 2026 surge and what to do now
Smallcap stocks have emerged as the best-performing asset class in 2026 so far, rebounding sharply after a correction in late 2025 and early 2026. ET Wealth examines the factors driving the rally and compares the performance of other major asset classes, including gold, silver, debt, midcaps and largecaps.
Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps taxpayer get relief from penalty in ITAT Mumbai. Know how taxpayer won case in ITAT Mumbai
Canara Bank Q1 net profit rises marginally to 4,856 cr; eyes $1.3 billion via FCNR deposits
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.5% of gross advances at the end of the June quarter, from 2.69% a year ago.
The Employees Provident Fund offers retirement security and employer contributions. Mutual funds are voluntary investments with market-linked returns and potential capital gains tax. EPF provides additional benefits like pension and life insurance coverage. Mutual fund beneficiaries receive only the investment value upon death.
ITR filing rush: THESE 9 mistakes that can prove costly
SBI ERD sees much higher FCNR(B) inflows; rupee moves 360 degrees from shock absorber to not
SBIs ERD expects $80-$85 billion to flow into the country, including OFCB and ECB, up from an earlier estimate of $55-65 billion
Edelweiss Mutual Fund's upcoming REIT-oriented index fund has sparked investor interest as India's first such passive offering. Explaining why the scheme excludes InvITs, MD & CEO Radhika Gupta said current SEBI regulations do not allow passive funds to combine equity-classified REITs with hybrid-classified InvITs.
Axis Finance unveils Drishti Business Rules Engine for retail and MSME lending
The platform leverages automated underwriting, analytics and real-time data integration to enhance operational efficiency, risk management and customer experience
Gold rate today: Gold prices saw an increase on Monday, July 27, 2026, across major cities. The India Bullion and Jewellers Association provided indicative rates for various gold purities. Consumers should check current rates before purchasing gold jewellery.
Nippon India Mutual Fund surpasses 4 crore investor folios, marks historic milestone
Nippon Life India Asset Management has become the first mutual fund house in India to cross 4 crore investor folios. Reaching 40.2 million folios as of June 30, 2026, the AMC holds a dominant 39% share of the country's unique investor base, driven by deep retail penetration beyond metros.
Pharma mutual funds are leading returns in CY2026, driven by strong earnings, defensive demand, and US export growth. Despite recent outperformance, experts advise against heavy sectoral bets, recommending a 5% to 10% satellite allocation via SIPs while navigating potential long-term US tariff developments.
Buy, hold, or sell? Motilal Oswal on 8 top picks after Q1 results
Income below taxable limit? You're still missing out if you skip this
Indian investors now have no options for new international mutual fund SIPs. The Baroda BNP Paribas Aqua Fund of Fund suspended new investments on July 23. This action follows SEBI's overseas investment limits for mutual funds. Investors are exploring alternatives like LRS and GIFT City for global exposure. Global ETFs also offer a way to gain international diversification.
Q1 Results Today, 27th July 2026 Live Updates: Follow businessline for more Q1FY27 updates
UltraTech Cement plans its biggest rupee debt funding, bankers say
The company plans to raise 5,000 crore ($517.80 million) through bonds maturing in 2.5, 3.5, and 5 years
8th Pay Commission news: The 8th Pay Commission will hold stakeholder meetings in Chennai on September 7 and 8. Discussions in Puducherry are scheduled for September 9, with appointments closing August 18. Central government employee associations in Delhi met on August 7 and 10. The commission is gathering suggestions on pay, pension, and work conditions. Its final report is due in November 2025 after extensive consultations.
SEBI's MF-only PMS push broadens retail access to wealth products
Sebi proposes a new Mutual Fund-only Portfolio Management Services category. This new category will invest exclusively in direct plans of mutual funds. The regulator is lowering entry thresholds and permitting global diversification for investors. This move aims to increase transparency and promote a fee-based wealth management model. Affluent retail investors may gain access to products previously for high networth individuals.
Start investing early, retire with confidence
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
Last-minute ITR filing checklist for July 31
Taxpayers must file income tax returns by the July 31 deadline to avoid penalties. Accuracy is paramount, and mismatches in the Annual Information Statement require careful reconciliation. Foreign asset disclosures and F&O reporting errors can lead to significant tax complications. Understanding deemed residency rules is crucial for Non-Resident Indians filing their returns. Late filing incurs fees and restricts tax regime options and loss carry-forwards.
SIP breaks can delay your financial goals
Financial mistakes are often measured by lost rupees, not lost time. Compounding benefits are significantly impacted by delays and interruptions in investments. Pausing systematic investment plans can push financial goals further into the future. Withdrawals from investments also reduce capital available for compounding over time. Increasing SIP contributions can help investors recover lost time and build wealth.
Sebi's Rs 25 lakh PMS plan: What it means
India's securities regulator is proposing major changes to portfolio management services. A new category will lower the minimum investment to Rs. 25 lakh. This move aims to make professional management accessible to more investors. The proposals also allow for wider investment in foreign and unlisted securities. These changes could reshape the investment landscape for many individuals.
