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Four PSU banks pay 9,439 cr dividend to govt for FY26
PNB MD & CEO Ashok Chandra presented a dividend cheque of 2,416 crore for FY 2025-26 to Finance Minister Nirmala Sitharaman
Enhanced insurance cover for exports to West Asia extended till Sept 30
The enhanced risk cover announced on March 19 was part of the Resilience and Logistics Intervention for Export Facilitation (RELIEF) scheme under the Export Promotion Mission
Best dynamic bond funds to invest in June 2026
Confused by interest rate shifts? Dynamic bond funds offer a solution, allowing managers to adjust investments based on market outlook. While not foolproof, these funds could shine if the RBI begins rate cuts later this year, potentially rewarding debt mutual fund investors after muted performance. For those investing three to five years without wanting to predict rate movements, dynamic bond funds present an option.
World Bank to abandon goal to devote 45% of lending resources to climate change projects
The bank's previous target of devoting 35% of lending resources to climate-related projects also was dropped, but bank officials have said that demand for projects with climate co-benefits remains strong from client countries.
Global financial firms pivot to South Korea, cautious on China and India, survey shows
Singapore, Hong Kong, South Korea, China, Japan, India and Taiwan are attracting roughly half of firms' expansion interest
HDFC Bank names Puneet Sharma CFO, starting December 1
Sharma will join the lender as CFO-designate from September 1 after more than six years as CFO Axis Bank, from where he resigned on Sunday.
Working abroad? You may pay zero tax on selling Indian shares if you meet this condition
Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign exchange. This provision, under Section 215 of the Income Tax Act, 2025, allows for tax exemption if the sale proceeds are reinvested in specified Indian assets within six months. However, a three-year lock-in period applies to the reinvested assets.
A Telangana High Court ruling has revived a property deal after a buyer's nine-year delay in paying the Rs 8 lakh balance. Despite the seller's initial opposition, the court condoned the extensive delay, allowing the buyer to complete the sale by depositing the outstanding amount with 12% annual interest. The court emphasized that the seller's failure to appeal the original decree prevented him from opposing the sale now.
HDFC Banks board approves former CEC Rajiv Kumar as its PT Chairman
Kumar, who retired as Finance Secretary in February 2020 and later also served as the 25th Chief Election Commissioner of India, is appointed as an Additional Director with effect from June 30, 2026 for 4 years
Bank of Baroda may raise up to $1 billion via senior unsecured notes issuance
The plan to raise resources via the senior unsecured notes may be to provide leverage to its NRI customers wanting to place fresh foreign currency non-resident (bank) deposit with the bank at higher interest rates
Banking sector needs more bold reforms, says Deepak Parekh
India needs to move out of its legacy policy frameworks and need bold measures like adopting cross border securitisation transactions
Axis Bank and Bandhan Banks CFOs resign
According to word on the street, Sharma and Mantri may join as CFOs of HDFC Bank and Axis Bank, respectively.
PSB Canara Bank handed cheque of 2,397 cr to the GOI
For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share
Central Bank of India opens its IFSC banking unit at GIFT City
Banks IBU will enable it to cater to the foreign currency funding requirements of its corporate clients
EPFO portal upgrade 2026: When will claim, passbook and other online services be available again?
GIFT IFSC to get One KYC system as IFSCA plans unified client onboarding framework
Mandatory KRA integration aims to eliminate repeated KYC, speed up onboarding and build common compliance infrastructure across GIFT IFSC.
Aarogya Setu 2.0, a new Personal Health Record app, launched today, offering users access to health services, secure record storage, and nearby facility searches. Developed under Ayushman Bharat Digital Mission, it integrates PM-JAY services and introduces Ayushman Sarathi, a WhatsApp chatbot for easier access.
Some banks are set to see stronger interest margins as RBI moves cut short-term funding costs
Certificates of deposit, which banks use to raise funds for up to one year, have seen rates plunge by up to 60 basis points over the past three weeks
MFI portfolio quality up in May; West Bengal, MP, Rajasthan laggards: Report
West Bengal, Rajasthan and Madhya Pradesh are the laggards delivering elevated levels of stress for the MFIs, the report said
Facing delays in SWP payouts? Expert explains what investors should do
Delays in SWP payouts should be treated as delayed mutual fund redemptions. SEBI requires payouts within three working days, with delayed payments potentially attracting investor interest compensation.
JioBlackRock Mutual Fund launches Prism Hybrid Long-Short Fund, its first SIF
JioBlackRock has launched its Prism Hybrid Long-Short Fund, an innovative interval investment strategy allowing twice-weekly redemptions. This fund aims to generate capital appreciation and income by blending equity, debt, derivatives, and alternative investments. Designed for dynamic markets, it seeks to deliver better risk-adjusted returns with lower volatility, leveraging BlackRock's global expertise and advanced technology. The New Fund Offer is open until July 13.
July 2026 presents crucial income tax deadlines for Indian taxpayers. The most significant deadline is July 31, marking the final day for salaried individuals and pensioners to file their Income Tax Returns (ITR-1 and ITR-2).
PPF calculator: Invest 1.5 lakh a year and here's exactly when you'll hit 1.54 crore
IIFCL plans $1 billion loan; in talks for $400 million ADB funding
The $1 billion loan will be for 15 years at an interest rate of under 7%, and the company is talking to the Asian Development Bank for a separate 20-year loan of roughly $400 million
Gold prices saw a slight dip across major Indian retailers today, offering a welcome respite for buyers. Jewellery prices for 22-carat gold have settled around Rs 13,110 per gram at leading stores in cities like Delhi, Chennai, and Mumbai.
Looking for best NPS equity funds? These schemes delivered up to 14% in 3 years
The National Pension System (NPS) delivered strong returns over the past three years, combining retirement planning with tax benefits. Among fund managers with a three-year track record, Tata Pension Management emerged as the top performer.
India insurance market turns buyer-friendly amid reforms, increased competition: Report
The report states that regulatory changes in 2025 have made the Indian insurance market more attractive to foreign investors
Banks to retire high-cost funds with diaspora money, says Axis Bank chief
Infrastructure projects, data centres, real estate and large capital expenditure plans also among investment avenues, he said
Turtlemint Fintech shares list at 10-11% discount on BSE, NSE
Stock debuts at 134.90 on NSE and 136.20 on BSE against issue price of 152
Experts are advising mutual fund investors to focus on large-cap, flexi-cap, and multi-asset funds for the latter half of 2026. Following a volatile first half, a cautious yet optimistic approach is recommended, emphasizing diversified equity exposure. While valuations are considered fair, risks like global tensions and oil prices persist. Investors are urged to maintain SIPs and avoid market timing, especially first-time entrants.
5 silent reasons banks slash your credit card limit without warning
Best short duration mutual funds to invest in June 2026
Short duration mutual funds offer a balanced investment option for horizons of one to three years, navigating moderate interest rate risks. These schemes invest in a mix of short-term and very short-term instruments like treasury bills and corporate bonds. For June 2026, HDFC Short Term Debt Fund, ICICI Prudential Short Term Fund, and Axis Short Term Fund are highlighted as top performers based on returns, consistency, and risk management.
Bank holidays in July 2026: Banks to remain closed on these days in several states; check full list
July bank holidays: Bank customers should note upcoming July 2026 closures across various Indian states. Important banking tasks should be planned around these specific dates to avoid inconvenience. Consulting the RBI holiday calendar is advised before visiting your local branch.
In a significant ruling, the Supreme Court has declared that temporary-status employees, even without formal regularization, are entitled to pensionary benefits after retirement. This landmark decision, stemming from a case involving postal workers, emphasizes that long service and eligibility under specific rules grant these rights. The court directed authorities to disburse pensions and retiral benefits promptly, asserting that pension is a deferred wage and a constitutional right.
A homebuyer in Gurgaon's Sector 108 will receive Rs 26 lakh in compensation from a builder for delayed possession. Haryana RERA ruled that the delay caused the buyer to miss out on a significant 130% property price appreciation. The authority also ordered a refund of the amount paid, plus interest, and compensation for mental agony and litigation costs, setting a precedent for such cases.
Foreign income? Avoid 7 ITR filing common mistakes
Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from the simpler ITR-1. Tax authorities are leveraging global information exchange to track overseas assets and income. Accurate reporting in Schedule FA is crucial to avoid penalties under the Black Money Act. Taxpayers must diligently disclose all foreign holdings, including dormant accounts and employee stock options, to ensure compliance.
Own foreign assets? File your ITR the right way
Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and accounts while filing ITR. Direct foreign holdings require Schedule FA reporting, unlike Indian international mutual funds. Errors can attract penalties under the Black Money Act, making accurate disclosure and timely corrections essential for compliance.
Can mutual fund SWPs safely pay your home loan EMI?
Most investors struggle as they watch their portfolio shrink while EMI obligations remain fixed. The temptation to stop the SWP or redeem the corpus becomes overwhelming. This introduces discretionary risk into what is assumed to be a systematic plan. Acting on it at the wrong time permanently locks in the loss. An investors life situation also matters.
Unclaimed insurance money? Check if it's yours
Nearly Rs 8,974 crore in unclaimed insurance funds is lying with insurers due to missing nominees, outdated records, lost documents and lack of awareness. Policyholders and beneficiaries can trace and claim these funds through insurer websites or the IRDAI Bima Bharosa portal by submitting the required documents and proof of ownership.
EPFO 3.0: Can it finally fix PF hassles for members?
EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, simplified withdrawals, digital record corrections and improved user access. While these reforms promise greater convenience, longstanding issues such as data quality, employer dependence, pension complexities and grievance resolution remain challenges that will require sustained implementation efforts.
NSE IPO: What investors should know before buying
NSE IPO: Stock exchanges operate on a distinct business model from sectors such as banking, manufacturing, or technology. They neither lend nor manufacture. Instead, exchanges function as platforms that facilitate transactions between buyers and sellers. Meanwhile, NSEs biggest earnings risk is its dependence on derivatives.
Weak monsoon raises fresh worries for India's economy
A 10% rain deficit could add as much as one-percentage-point to headline consumer inflation driven by food prices, according to research by Yuvika Singhal, an economist at QuantEco Research. Indias cumulative rainfall was 43% below normal as of June 22.
Using UPI? Avoid mistakes with these 7 tips
We begin this new series with Bala, a curious young learner, as he explores money concepts. His first lesson: understanding UPI and digital money. UPI (Unified Payments Interface) is an instant payment system that allows you to transfer money between any two bank accounts using a mobile app. It acts as a digital bridge between banks, making money transfers simple.
Money lessons for children: How parents can start
Be available for counsel and advice, but wait for the children to ask for it. Offering unsolicited advice, which comes from a position of love and concern, and telling the children that parents know better, comes in the way of their learning process. Set the boundaries, make the rules, agree on do and donts, but do this at the very start. After that, it is their game to play.
Global equity returns: Which market performed best?
Welcome to TrendMap, your visual guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investors standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. Key takeaway: diversification helps navigate market cycles. By Sameer Bhardwaj.
ITR filing guide: Who needs to file, who is exempt
Individuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the applicable exemptions and deductions exceeds the basic exemption limit. Even if youre exempt, file a return if you have a refund due, or you need to apply for a loan, passport or visa.
Can a mutual fund SWP pay your home loan EMIs? 15 years of data says think again
Most investors struggle as they watch their portfolio shrink while EMI obligations remain fixed. The temptation to stop the SWP or redeem the corpus becomes overwhelming. This introduces discretionary risk into what is assumed to be a systematic plan. Acting on it at the wrong time permanently locks in the loss. An investors life situation also matters.
HDFC Bank chief reappointment: Legal review bolsters case, but RBI unlikely to be swayed
HDFC Bank board may back Jagdishans third term, but experts say internal probe cant replace RBIs fit and proper test
Equity mutual funds fall up to 7% last week; international funds among worst hit
Adulting 101: Why financial protection isn't just for parents
The article highlights why financial protection should begin early, not just after major life milestones. It explains how buying a term insurance plan in your 20s or 30s can secure lower premiums while strengthening long-term financial stability. The piece also explores how early planning safeguards future goals and loved ones. Published on National Insurance Awareness Day, it encourages young adults to make informed financial decisions and build a secure future.
AMFI reshuffle: Hindustan Copper among 6 smallcap stocks that may get upgraded to midcap
Six smallcap stocks, including Hindustan Copper and NLC India, may move to midcap in AMFIs H2 CY26 reshuffle, as per Nuvama Institutional Equities. The potential reclassification could influence fund flows, though projected threshold levels show inconsistencies and need confirmation before firm conclusions are drawn.
NFO Watch: 5 mutual funds and 2 SIFs open for subscription this week. Check details
SBI ends land dispute with Telangana govt, to withdraw case
The State governmenthas also agreed to offer an additionalplot in the upcoming Future City for a data centre to be set up by the bank
Homebuyers have won a significant victory in Tamil Nadu, with the Real Estate Appellate Tribunal (TNREAT) allowing them to appoint independent engineers to inspect properties for construction defects. This ruling empowers buyers to verify the quality of materials and construction, even against builder objections. The tribunal emphasized that such inspections benefit both parties by ensuring promised standards and rectifying any issues, promoting transparency in real estate.
Ashok Vaswani to step down as Kotak Mahindra Banks chief after current term in December 2026
The Board of the bank has at its meeting held today, respected his decision and has initiated the process for the appointment of a new Managing Director & CEO
5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks
Senior citizens seeking secure investments are finding attractive options in fixed deposits, especially for 5-year tenures. Small finance banks are leading the pack, with Suryoday SFB and Jana Small Finance Bank offering a compelling 8.05% interest rate for senior citizens. This competitive landscape ensures older investors can secure stable, higher returns for their retirement savings.
The SC said that the homebuyer can make a claim for compensation for delayed possession. The subsequent receipt of possession cannot, by itself, extinguish the right of the allottee to seek adjudication of a claim for compensation for the alleged delay, the top court stated. The top court has also revived the 2005 complaint made by the homebuyer.
Only 14% of India's MSMEs have access to formal credit despite digital finance boom: Deloitte report
Deloitte report estimates Indias MSME credit gap at around 25 lakh crore as of March 2025
8th pay commission calculator: Central government employees 8th Pay Commission arrears will depend on the implementation timeline and final fitment factor. Experts estimate substantial payouts for Level 15 employees if implementation is delayed by 20 months, with arrears ranging from about 3.6 lakh to 10.8 lakh under fitment factors between 2.0 and 2.86.
Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines, while Aadhaar card holders can update their email for free. SBI and HDFC credit card users will see changes in reward points and lounge access eligibility. Passport fees are set to rise, and banks will face stricter rules against mis-selling financial products, ensuring customer refunds and compensation.
Risk-adjusted return measures the excess return over the risk-free rate per unit of risk and is measured in terms of standard deviation.
The session will highlight the expanding financial activities in Indias sole IFSC, covering banking, capital markets, insurance, fund management, and emerging sectors
Looking for low cost and high return funds in 3 months? Kotak Liquid Fund among top 5
These low-cost liquid and overnight mutual funds combined minimal expense ratios with competitive three-month returns. PGIM India Liquid Fund led the list, followed by UTI, Kotak, HSBC, and Sundaram funds.
SIP share of equity AUM at multi-year high, over 29% in May: Franklin Templeton India MF
Systematic Investment Plan (SIP) contributions to Indian equity mutual funds hit a multi-year high of 29% in May 2026, signaling robust investor confidence despite market volatility. Equity AUM surged to Rs 36.18 lakh crore, with SIP AUM growing 17% year-on-year. This sustained growth highlights the increasing dominance of mutual funds in the investment landscape.
HDFC Mid Cap Fund hits Rs 1 lakh crore AUM milestone; delivers 17% CAGR since inception
HDFC Mid Cap Fund has crossed the Rs 1 lakh crore AUM milestone, cementing its position among the country's largest mid-cap schemes. Since its launch in 2007, the fund has delivered a CAGR of 17.13%, outperforming its benchmark while maintaining a disciplined, research-driven approach across market cycles.
Should you switch your mutual funds after a few months? Expert offers a reality check
Experts advise against frequent mutual fund portfolio changes based on short-term performance. An investor's midcap and smallcap investments, some only months old, were reviewed. While most schemes are deemed appropriate, a retirement fund's lock-in period warrants careful consideration for flexibility. Thorough research and patience are key to long-term wealth creation, with a minimum two-year timeframe recommended before assessing fund performance.
Didnt report FD interest in your ITR? Heres how you can still correct the mistake
Missed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receives FD interest details, so omissions can be flagged. Filing an Updated Return (ITR-U) within four years allows you to declare missed income and rectify errors, though additional tax and penalties may apply. This voluntary step helps avoid future disputes and keeps your tax records accurate.
ITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sources and can club income back to the original provider. This applies to FDs, shares, and gold, where income or capital gains from gifted assets are often taxed in the transferor's hands. Proper documentation and reporting are crucial to avoid penalties and tax demands.
The Bombay High Court has ruled in favor of homebuyers, allowing them to form a single housing society for a multi-tower project. The court rejected a builder's plea to create separate societies, citing a nine-year delay in the builder's own society formation process. This landmark decision empowers residents to unite and manage their shared amenities effectively, ensuring their collective interests are protected against prolonged developer inaction.
HDFC Bank legal review finds no basis for former part-time chairmans resignation claims
Three external law firms reviewed board records, meeting minutes, communications and interviews, concluding there was no evidence supporting Chakrabortys resignation concerns or claims
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 Fixed Deposit Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Home Loan 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
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
Tata Motors ties up with UCO Bank for financing dealers
Tie-up will provide working capital support to authorised dealers of passenger and electric vehicles.
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
