35 C 
The 18,268 crore infusion for a stake of a little less than 50% will come in by December once all regulatory approvals from the RBI and the Competition Commission of India are in place
Mutual fund NFOs: 5 new funds will open for subscription this week. Check dates and key details
Five passive index funds from Invesco India, Tata, Kotak and HDFC Mutual Fund will open for subscription this week. The NFOs span chemicals, defence, short-term debt, capital markets and commercial real estate, with minimum investments ranging from Rs 100 to Rs 5,000.
Indian Bank MD says plan to enter life insurance, MF businesses on track; soon to seek board nod
The lender is currently in the process of seeking approval from its board for the proposed subsidiaries or joint ventures, following which other necessary processes will be initiated
SIF AUM tops Rs 31,000 crore in August; hybrid long-short funds account for 69% of inflows
SIFs attracted Rs 7,699 crore in August, up from Rs 4,922 crore in July, taking cumulative inflows since October 2024 to Rs 30,028 crore. Hybrid long-short funds dominated the category, accounting for 69% of total flows.
IPO vs NFO explained: What investors should know before making an investment
Mutual fund NFOs may appear attractive at launch, but investors should look beyond aggressive marketing and the Rs 10 offer price. Consider an NFO only if it fills a portfolio gap, after assessing the AMC, fund manager, strategy and comparable existing schemes.
International funds led the mutual fund performance chart during September 7-11, with Mirae Asset S&P 500 Top 50 ETF FoF gaining 17.65%. Meanwhile, some schemes declined by up to 4.40%.
All eyes on Warsh as rate-hike fever spreads across G7 central banks
3 decisions, starting with the Federal Reserve on Wednesday and followed on successive days by peers in the UK and Japan, may recast the global monetary policy landscape for rest of 2026 and beyond
Tata Sons faces pressure to list after RBI rejects its de-registration as CIC
The RBIs decision, announced recently, means that Tata Sons will remain classified as a NBFC in the Upper Layer, which mandates a listing within three years.
HDFC Banks board shortlists 'two candidates' for top position
This decision comes after Jagdishan announced he would not seek a third term amid ongoing controversies surrounding the banks leadership.
Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wifes credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case.
Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, remains available for Tax Year 2026-2027. Unused portions of the exemption limit can offset special-rate capital gains after normal income is accounted for. Non-residents, firms, and companies cannot claim this specific tax adjustment.
Debt mutual fund flows turn negative at Rs 8,127 crore in August. What drove the outflows?
1st-floor owner refused to let water leakage repairmen inside flat; ground-floor owner files case; wins case in Maharashtra Co-operative Court; court upheld 50:50 cost-sharing arrangement. Know how ground floor owner won the case.
Bangalore: For lack of pool, open gym, spa, open amphitheatre & other amenities by builder as promised, homebuyers win Rs 10 lakh compensation; Karnataka RERA order. Know how the homebuyers won.
Concurrent Gainers: 9 smallcap stocks gain for 5 days in a row
We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.
Explained: Want to build a corpus with a Rs 15,000 monthly SIP? Know Rule 15*15*30
According to the innovative Rule 15*15*30, an investment of Rs 15,000 each month for thirty years could lead to significant wealth accumulation via the benefits of compounding returns. With an anticipated annual return rate of fifteen percent, this financial strategy underscores the necessity of a disciplined and steady investment approach, setting a clear and achievable objective for individuals pursuing financial prosperity.
Saturday bank holiday: Are banks open or closed this Saturday, September 12, 2026?
Banks in India observe closures on the second and fourth Saturdays of the month, as well as on Sundays and other regional and national holidays, in accordance with the regulations established by the Reserve Bank of India (RBI).
FD rate up to 8.5% for senior citizens investing for five years; know the list of banks
Select small finance banks offer senior citizens fixed deposit rates up to 8.5 percent. Suryoday Small Finance Bank provides 8.5 percent interest on five-year fixed deposits for seniors. Jana Small Finance Bank offers 8 percent interest on similar fixed deposit terms. Banks deduct TDS on FD interest exceeding one lakh rupees for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero.
RBI issues draft SOP for temporary debit holds on money-mule, cyber fraud accounts
The proposed framework sets out timelines for banks to identify suspicious transactions, notify customers, examine explanations and remove debit holds
Lyra Network, plutos ONE join hands for AI-enabled payment solutions
Collaboration aims to support a more integrated and customer-centric digital payments environment
CPI inflation showing incipient signs of generalisation and global bond yields inching past decadal highs.
In FY 2025-26, UPI processed about 24,162 crore transactions worth about 314 lakh crore around 85 per cent of Indias digital payment transactions by volume
Finance Minister calls for stronger global safeguards and greater accountability as agentic AI systems gain real-world influence
RBI opts for sharp liquidity drain through $10.5 billion debt sale
India's banking system is flush with surplus cash after lenders raised a much larger-than-expected $127 billion under the RBI's special forex mobilisation scheme
RBI imposes 27.3 lakh penalty on Asset Care & Reconstruction Enterprise
The central bank imposed the penalty after its inspection found non-compliance with regulatory directions relating to the charging of management fees by the ARC
SBI aims for DPDP compliance by December, ahead of May 2027 deadline
The country's largest lender has procured the software and hardware required to comply with DPDP norms and plans to deploy them ahead of the May 2027 deadline
The Latest Fixed Deposit Interest Rates: Sep 11, 2026
The Latest Fixed Deposit Interest Rates: Sep 11, 2026
The Latest Home Loan Interest Rates: Sep 11, 2026
The Latest Home Loan Interest Rates: Sep 11, 2026
From zero-balance to 5,000: SBI says Jan Dhan customers are graduating into mainstream banking
The shift comes against the backdrop of nearly 590 million PMJDY accounts , more than 54% per cent of which are held by women, with a large proportion of customers coming from Tier-3 tier 3 and tier 4 Tier-4 areas, according Rama Mohan Rao Amara, while speaking at the Global Fintech Fest 2026 in Mumbai on Friday
Razorpay, Regulus Pay, EbixCash among 15 payment firms lining up for GIFT City licences
The growing interest is partly driven by GIFT Citys unified regulatory architecture, which allows payment companies to serve multiple financial-services businesses without having to navigate separate regulators, said IFSCA executive director Dipesh Shah
Zeta, Pluxee launch passkey authentication for RuPay card payments
Launch comes against backdrop of rising digital payment fraud in India, which crossed 21,367 crore in FY2025
The Mumbai consumer commission ruled against the EPFO, citing service deficiency linked to inadequate communication regarding a joint declaration application. Consequently, the commission mandated EPFO to pay six percent interest on the delayed EPF claim, which was filed by the complainant back in October 2016. EPFO has been instructed to fulfill this directive within a strict timeframe of forty-five days.
RBI has bond sales, FX swaps to manage liquidity: RBI Governor
Some of the surplus liquidity in the banking system would be withdrawn over time through foreign exchange interventions and banks' reserve requirements
Paramotor Digital inks four fintech deals at GFF 2026
Paramotor operates platforms including SpendPro, yayyy.shop, RewardOn and DevStack
Five mid-cap mutual funds delivered annualised returns above 20% over three years through September 2, 2026. HSBC Midcap Fund led with 24.1%, followed by Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap Fund.
IndusInd Bank links corporate credit card to working capital accounts
The card, available nationwide to eligible IndusInd Bank business customers, draws real-time from OD or CC accounts for both online and offline payments
LG Electronics India in Jefferies pole position; bull case points to 21% upside
Jefferies retains a Buy rating on LG Electronics India with a Rs 1,895 target and sees Rs 2,000 in its bull case. Growth could come from premiumisation, exports, B2B expansion, higher in-house production and Sri City capacity expansion over time.
ET Alpha Wealth Summit 2.0: How are India's family offices investing in 2026?
At ET Alpha Wealth Summit 2.0, experts will explore how Indias family offices are reshaping their investment strategies in 2026. From private credit, venture debt and co-investments to global opportunities, family offices are broadening beyond traditional assets while focusing on diversification, capital preservation, liquidity and long-term, multi-generational wealth creation.
10 Nifty stocks that fell up to 40% from their yearly peaks
Several Nifty 50 stocks have fallen sharply from their 52-week highs, with Infosys, ITC and Wipro among the biggest decliners, shedding up to 40% from their yearly peaks amid heightened market volatility.
Satbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father cant be slapped with Rs 12.83 lakh penalty under Section 270A if his ITR-reported income matches the assessed income and the only point of contention is the tax benefit from the India-United Arab Emirates (UAE) DTAA treaty.
Rs 2.5 crore retirement corpus: Can you get Rs 2 lakh monthly income for 25 years?
Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security. Adopting a conservative withdrawal rate that is lower than the annual returns can help sustain the corpus. By gradually increasing withdrawals based on a fixed percentage, retirees can plan for better financial longevity. Moreover, beginning with lower withdrawals and scaling them up annually contributes positively to corpus preservation.
RBI partially cancels debt sale for first time in a year as rates spike
Central banks decision to limit bond sales amid rising yields signals potential shifts in monetary policy, as geopolitical tensions and U.S. economic data influence global market dynamics.
MotilalOswalDigitalIndiaFundNAVjumps10% in fivedays. Whats driving the rally?
Motilal Oswal Digital India Funds NAV rose over 5% in five days, helped by its sizeable ESDS Software holding. The stocks sharp post-listing rally has boosted the thematic fund, highlighting how concentrated positions can amplify NAV gains and volatility.
Major scope for India-Russia CBDC trade settlements, says Russias Sberbank
Sberbank has been using surplus rupees to support liquidity, including investments in Indian government securities. Talking about bilateral trade settlement in rupee terms
The cost of sitting out: Missing Niftys best 50 days cuts CAGR to 0.94% from 13.55%: Abakkus MF
Abakkus Mutual Fund highlights the steep cost of missing the markets strongest sessions. The Nifty 50 TRI delivered a 13.55% CAGR between April 2005 and August 2026, but this fell to 0.94% for investors who missed the best 50 days, underscoring the risks of trying to time the market.
BRICS should deepen banking links to boost local currency trade: Experts
BRICS experts in New Delhi advocate for enhanced banking ties and local currency trade to boost economic cooperation and reduce costs
EPF advance rules: You can withdraw EPF money for these 5 reasons; check limits
Members of the Employees Provident Fund Organisation can access their savings in times of need, such as emergencies and personal circumstances. Illness-related withdrawals have no limits, while education expenses allow for up to ten claims. For marriage and housing, members may withdraw funds up to five times each during their membership.
Removing name from mutation records cant take away ownership rights to land, rules Supreme Court; Heres what landowners should know. Read the article to know.
8th CPC: Pensioners demand 67% pension, Rs 69K pay
IndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism for policyholders. Despite claims of an overall system, the regulator found a lack of dedicated channels and inadequate information, highlighting a crucial distinction between banking and insurance customer service.
Gold and silver prices fell on Friday, September 11, 2026, as fluctuations in the global market took their toll. The release of strong US PPI data heightened expectations of a Federal Reserve rate increase, putting further strain on precious metals. Heightened geopolitical issues compounded the situation, leading to price cuts from leading jewellers like Tanishq and Malabar Gold & Diamonds.
Buying insurance online? 5 digital frauds that can put your money at risk
Fraudsters are posing as insurers and regulators, offering fake benefits and using phishing links to dupe people
UPI Tap and Pay explained: How it works, key features, and its benefits
Digital payments are getting a new option. Here's what RBI's new UPI Tap and Pay feature is all about, how it works and what it could mean for users:
Where are MF Investors putting money? Small-caps, mid-caps and gold lead
32,297 Crore in SIPs, 29,329 Crore in Equity: How Investors Bet in August
When selling old gold jewellery, be aware that it comes with capital gains tax and Goods and Services Tax implications. Long-term capital gains tax is set at twelve point five percent, while short-term gains are taxed according to your income tax slab. The net proceeds from these sales are diminished after considering the purchase cost and holding duration, making it vital to factor in these taxes.
Gold ETF inflows jump 67% to Rs 2,596 crore in August. Why are investors piling in?
Gold prices and Gold ETFs have delivered strong returns, but experts caution investors against chasing recent performance. While central bank buying, geopolitical risks and diversification benefits support golds medium-term outlook, its lower Sharpe ratio highlights its cyclical nature. Experts recommend treating gold as a portfolio diversification tool and maintaining an appropriate allocation rather than increasing exposure solely because prices have risen.
The Reserve Bank of India has revealed the early redemption price for a particular series of gold bonds. Starting September 11, 2026, investors can redeem SGB 2019-20 Series X at Rs 15,328 per unit, determined by current gold pricing.
RBI intervenes to defend rupee as oil prices climb, traders say
State-run banks were spotted offering dollars, most likely on behalf of the RBI, the traders said
New Bankers Books Evidence Act to come into force from October 1
The legislation raises the threshold for summoning bank officials while enabling courts to access banking records in genuine cases with specific reasons
China to inject up to $54 billion into insurers and banks: What it means
The move is designed to strengthen insurers financial flexibility as regulatory changes and market pressures constrain their ability to deploy capital
Hyderabad home prices: What can 50 lakh and 1 crore get you?
From OpenAI to Anthropic: How fake personas, hacked servers and 13-hour outages exposed AI risks
Divis Labs Share Price Live Updates: Divis Labs Price and Returns Overview
Sun Pharma Share Price Live Updates: Sun Pharma Dividend Updates
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L&T Share Price Live Updates: L&T's Price Movement Today
Cipla Share Price Live Updates: Cipla's Current Market Price
Power Grid Share Price Live Updates: Power Grid's Market Update
RIL Share Price Live Updates: RIL's Daily Performance Update
Bharti Airtel Share Price Live Updates: Bharti Airtel Stock Details
Bank union strike today: Are banks open or closed today on September 11, 2026? Check details
Customers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This strike will extend into the weekend, limiting service availability. Unions are pressing for critical reforms including a five-day work week and a thorough review of the PLI scheme.
Changing jobs? Make sure your National Pension System (NPS) account doesnt get overlooked. Learn how your Permanent Retirement Account Number (PRAN) stays transferable, what happens to your contributions when you switch jobs, and why reassessing your retirement savings plan is essential during this transition, not just adjusting your paycheck.
Equity MF inflows rise 19% to Rs 29,329 crore in August; SIPs hit record high
Equity mutual fund purchases rose nineteen percent in August, reaching twenty-nine thousand three hundred twenty-nine crore. Systematic investment plan collections hit an all-time high of thirty-two thousand two hundred ninety-seven crore. Fixed income categories experienced net outflows of eight thousand seven hundred eleven crore during August. Mid and small-cap funds led equity investments, attracting over fifty percent of net flows.
What former SBI Chairperson Arundhati Bhattacharya got wrong about women, gender bias and Gen Z
In Aparajita, Bhattacharya reflects on bias, women and Gen Z. Her leadership lesson: persistence gets you there; humility keeps you relevant
Tier-2 cities lead digital credit inclusion as salaried women overtake men
Digital borrowing is expanding beyond major cities, though consumers continue to rely primarily on savings when facing immediate cash shortfalls
Public sector bank services likely to be hit by Friday strike
Customers may face disruptions to banking operations as the strike coincides with a weekend and holidays in several states
Pay10 makes cross border transactions simple for India Inc
With a robust regulatory framework and innovative payment solutions, Pay10 empowers Indian businesses to seamlessly engage in global trade while enhancing local transaction efficiency
UCO Bank, ScoreMe launch GST Smart for digital MSME lending
GST Smart uses GST filings to support faster credit decisions within the banks existing policy and approval framework
FCNR(B) liquidity may be deployed over 3-4 months: Setty
Surplus liquidity in banking system at about 10.50 lakh crore as on September 9, the SBI Chair
Blue Machines AI boosts Muthoot Finance gold-loan branch visits by 150%
The AI agents handle inbound digital inquiries for gold loans, capturing details such as loan requirements, available gold collateral, and customer location, then directing qualified prospects to the nearest branch
RBI plans to drain 5 trillion via 26-day liquidity mop-up auction
Central bank will conduct a 26-day VRRR auction on Friday to absorb surplus banking-system liquidity; funds placed in the auction will be reversed on October 7
The Court rejected theinvestorsclaims outright after finding that they had failed to produce sufficient admissible evidence
Mukesh Ambani calls on corporate India to build a support system for working women
Reliance chief seeks stronger ecosystem supporting working women, mothers and leadership
RBI accords approval to Unified Fintech Forum as an SRO in the fintech sector
It is the second industry Association to get this recognition, the first being the Fintech Association for Consumer Empowerment (FACE)
CoverSure launches insurance gift cards to pull Gen Z, new buyers into protection net
The card, available on the CoverSure app, can be loaded with any amount between 100 and 10,000
PFRDA forms panel to work on guaranteed pension product for non-govt sector
Regulator is working on multiple products leading to a guaranteed offering; guidelines for innovative bonds and the Swasthya scheme are expected in the coming days
NPCI launches UPI Tap & Pay and AI-Powered 'My UPI'
Innovation must ultimately translate into simplicity, greater choice, and greater trust for the user, an official said at the launch.
Visa demos AI-powered payments
