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RBI launches draft Expected Credit Loss norms for universal banks
The draft norms on asset classification, provisioning and income recognition will be applicable to universal banks, effective April 1, 2027.
UPI gets a biometric boost: Pay with face, fingerprint or wearables
NPCI also launches of the multi-signatory accounts feature on UPI
Indias instant payments platform will be the first to launch on PayPal World, which is a global platform connecting payments systems and digital wallets around the world
Leg up for lending: RBI may permit banks nuanced and granular risk weight treatment for exposures
RBI emphasised that overall, the proposed changes are estimated to have a positive impact on the minimum regulatory capital requirements of banks
Focus is on building more use-cases for CBDCs; not in rush for public launch: RBI DG
The total number of CBDC users stands at around 70 lakh currently
TVS Capital Funds strengthens leadership team with key elevations
Managing Partner Krishna Ramachandran said the promotions reflect the firms focus on nurturing internal talent and building long-term leadership
India offers unparalleled opportunity for fintech GCCs: FM
Says the government has also been working to strengthen the factors that support functioning of GCCs in India
ET Market Watch: Sensex & Nifty climb 4th day in a row; banks shine on RBI boost
AI tools driving innovation, but also pose risks of deception and fraud: FM
Fintechs must enhance transparency and and personalise services responsibly: Nirmala Sitharaman
GIFT City to launch unassisted face authentication system for NRIs: IFSCA Chairman
We want NRIs to use the face authentication system to onboard himself in an unassisted manner, said K Rajaraman, Chairman, IFSCA
The Reserve Bank of India and Department of Financial Services launched several digital payment innovations at the Global Fintech Fest 2025. Key features include UPI Multi-Signatory for joint accounts, hands-free payments via UPI Lite on wearables, on-device biometrics, Aadhaar-based face verification for UPI PIN setup, and cash withdrawals through Micro ATMs at UPI Cash Points.
Landmark HC ruling: Alcohol presence not a valid reason to deny motor claims
The Kerala High Court ruled that insurers cannot deny accident claims solely based on alcohol presence in the insured's bloodstream. The court emphasized that insurers must definitively prove impairment of faculties and that alcohol significantly contributed to the accident, not just its mere presence in the driver's blood. This shifts the burden of proof to the insurer.
Zerodha CEO Nithin Kamath highlighted that Indian households hold $3 trillion worth of idle gold, urging better ways to financialize it. He compared golds stability with equities higher but volatile returns from 19962025.
AI: The same tools that power innovation can be weaponized for deception and fraud, FM
She noted that the GFF sort of reaffirms Indias ascendancy as a global FinTech leader and sets benchmarks in innovation, in scale and in inclusion
FM Nirmala Sitharaman urges action against AI-driven fraud, impersonation
Finance Minister urged fintech innovators, regulators and investors to collaborate in safeguarding the digital ecosystem.
UPI payment with rewards points: This new UPI app allows users to utilise reward points for payments
TWID has launched TWID UPI, a new mobile app. Through the app, users can use their reward points for the payments made online and offline across India. The app lets users combine reward points with UPI payments for instant savings. TWID Stars loyalty program offers stars on UPI transactions. These stars can be redeemed with merchant partners.
How much gold and silver should investors hold in their portfolios? Experts offer help
Gold and silver prices have surged over 50% and 63% in 2025, respectively, driven by global uncertainties, central bank buying, and investor demand, with experts advising limited portfolio allocation and ETF exposure.
Nomination in SBI account: Step-by-step guide to register nominee online and at branch
From locker fees to premium accounts: Major banks' update charges starting October 1, 2025
Top 5 midcap mutual funds with highest risk-adjusted returns
Top-performing mid-cap mutual funds delivered strong risk-adjusted returns, with HDFC Mid Cap Fund leading at a Sharpe ratio of 1.30, followed by Invesco, WhiteOak, Edelweiss, and Nippon India funds.
Want to retire early with Rs 1 crore? Heres what experts say
Financial experts suggest that for early retirement with current assets of over Rs 1 crore and monthly expenses of Rs 50,000, a corpus of Rs 44.5 crore is ideal. Continued investing for 78 years and balanced equity exposure are advised.
Why you earn well but still end up saving so little every month?
First-time health insurance buyer? 7 smart tips to choose the right policy and avoid costly regrets
Choosing a health insurance policy requires careful consideration of key factors. By understanding the details in your policy document, you can ensure adequate coverage and a reliable insurer. If youre buying health insurance for the first time, you should consider these 7 key factors while choosing the right health policy so you don't regret it later.
15 stocks to shop for this Diwali; SBI Securities eyes up to 25% upside. Check list
15 stocks across sectors with potential upsides of up to 25%.
These 10 equity mutual funds gave over 20% return in 6 months. Have you added any to your portfolio?
An analysis by ET Mutual Funds shows that in the last six months, around 10 equity mutual funds delivered over 20% returns, led by Motilal Oswal Large & Midcap Fund at 23.67%. Most funds posted positive returns, while Samco Large Cap Fund was the only one in negative territory. Performance varies across mid, small, and multi-cap funds.
SBI General Insurance unveils customizable Health Alpha plan
The Mumbai-based insurer positions the offering as a fully customizable plan with over 50 coverage options and sum insured ranging from 5 lakh to unlimited coverage
Can I build a corpus of Rs 1 crore in 10-12 years by investing Rs 10,000 in mutual funds per month?
Is it possible to invest Rs 5,000 each in two mutual funds, or Rs 10,000 in a single mutual fund, to build a corpus of Rs 1 crore in 1012 years?
Silver shines with 60% rally in 2025. Should MF investors buy at current levels or wait for dips?
Silver prices have surged over 60% year-to-date, prompting Kotak Mutual Fund to advise investors to consider any price correction as a buying opportunity. While some profit booking may occur at current levels, the fund notes that healthy corrections could serve as potential entry points, given silvers strong performance and ongoing demand as both an investment and industrial commodity.
Global Fintech Fest 2025: Mumbai to become financial capital with intelligence: Nvidia MD
Generative AI has moved on to agentic models which can solve many problems autonomously, Vishal Dhupar, Managing Director of US-based Nvidia, said at the Global Fintech Fest 2025 in Mumbai
Govt to roll out biometric authentication for UPI payments from tomorrow
Authentications will be done using biometric data stored under the Government of India's unique identification system - Aadhar, say sources
JioBlackRock Flexi Cap Fund NFO closes today. Who should invest?
The JioBlackRock Flexi Cap Fund which is currently open for subscription is closing on October 7. The fund is an open-ended dynamic equity scheme. It invests across market caps and utilizes BlackRock's technological innovations for data analysis and stock selection. The flexi cap fund emphasizes a systematic approach, combining human expertise with machine efficiency for diversified investment.
Hybrid mutual funds explained: Types, benefits, and top picks
Income Tax Clearance Certificate (ITCC): Meaning, who needs it & steps to apply
NFO Insight: Invest in Adani, Ambani, Birla stocks with this fund from ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund has launched the ICICI Prudential Conglomerate Fund, an open-ended equity scheme focusing on promoter-led Indian business groups with diverse listed entities. The NFO, open until October 17, aims to capture the resilience and growth potential of these diversified entities across various sectors and market caps.
Indian Bank has extended the deadline for its special fixed deposit schemes, IND Secure and IND Green. Investors can now invest until December 31, 2025. General citizens can earn up to 6.70% on the 444-day IND Secure scheme. Senior citizens and super senior citizens receive even higher rates. The 555-day IND Green scheme also offers competitive returns.
Best mid cap mutual funds to invest in October 2025
As per Sebi norms, the mid cap mutual funds are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. Thats what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
India to introduce RBI-backed digital currency: Piyush Goyal
The initiative will speed up financial transactions, make them safer, and more transparent, while reducing paper use in the economy
IBAI requests FM for a unified tech platform to streamline claim settlements, grievance redressal
It alsosubmitteda set of advocacy proposals to further strengthen insurance penetration and policyholder protection and mooted a unified platform forclaim settlements and grievance handling
Wife refused to give divorce despite taking money & FDs; Kerala High Court sides with husband
A wife refused to grant a divorce or vacate her father-in-law's house despite receiving a substantial financial settlement, including cash and fixed deposits, as per a divorce agreement. The Kerala High Court upheld the Family Court's decision, ruling that the wife's claim of deceit was not credible as she had voluntarily accepted the benefits of the agreement.
Tata Motors Share Price Live Updates: Tata Motors Current Trading Status
Grasim Inds Share Price Live Updates: Grasim Industries' beta value insights
Tata Steel Share Price Live Updates: Tata Steel's beta value explained
Cipla Share Price Live Updates: Cipla's Volatility Metrics
Hindalco Share Price Live Updates: Hindalco's Beta Analysis
Axis Bank Share Price Live Updates: Axis Bank's beta indicates market sensitivity
HDFC Bank Share Price Live Updates: HDFC Bank's beta value insights
IndusInd Bank Share Price Live Updates: IndusInd Bank's beta value indicates higher risk profile
Jio Financial Services Share Price Live Updates: Jio Financial Services Trading Above Key Resistance
Wipro Share Price Live Updates: Wipro's six-month beta reflects stability
Mental Cruelty: Wife denied physical relations to husband, pressured him to transfer property in her name; Delhi High Court grants divorce on this ground. The Delhi High Court said that in the present case, it stands admitted that the wife withdrew from all forms of physical intimacy with the husband since 2008. Read more.
Bank holiday for Valmiki Jayanti: Banks are closed today in several Indian states for Maharshi Valmiki Jayanti and Kumar Purnima. October 2025 is set to observe numerous bank holidays for various occasions. Valmiki Jayanti is celebrated to commemorate the birth anniversary of Maharshi Valmiki, the sage and author of the Ramayana.
Japanese shares rally at open, gold nears $4,000
Japanese shares reached an all-time high as a pro-stimulus leader was elected, while US stocks also hit a record driven by chipmaker rallies. The yen experienced its largest drop in months ahead of a bond auction. Gold prices neared $4,000 an ounce amid a global equity surge fueled by AI investments.
Zoho launches its own POS devices, eyes deeper foray into B2B payments
The POS devices are equipped with built-in printing, and barcode scanning a sound box
TFCIL to acquire Cosmea Investment, enter broader financial services space
The deal, to be executed through a special-purpose vehicle, marks TFCILs foray into diversified financial services
IIHL Mauritius completes 100% buyout of Sterling Bank as part of global expansion
The lender will be renamed IIHL Bank & Trust Ltd. IIHL, which is also the promoter of IndusInd Bank, said the move is part of its global strategy to expand its presence in the BFSI sector and achieve a USD 50-billion market capitalisation by 2030
IIHL acquires 100% stake in Sterling Bank, Bahamas
Following the acquisition, Sterling Bank will be renamed IIHL Bank & Trust
Banks likely to report muted earnings growth in Q2
CLSA expects NIM to decline by 10 bps sequentially for most lenders
Vartis Platforms eyes 1,000 crore revenue by FY28, to add 400 staff
The consolidation prepares Vartis Platforms for global expansion into emerging markets, including Southeast Asia, while serving over 30 million users with cumulative disbursals exceeding Rs 17,000 crore
Gainers & Losers: KIOCL, BSE and TCS among 9 stocks that moved most on Monday
Indias benchmark indices closed higher for the third consecutive session, with Nifty above 25,000. KIOCL, Aditya Birla Lifestyle, Max Healthcare, Nykaa, and BSE led gains amid strong buying in IT, banking, and healthcare stocks.
Post offices in India offer small savings schemes like Kisan Vikas Patra(KVP), a guaranteed-return scheme that offers steady and secure wealth creation. This government-backed scheme comes with attractive interest rates, tax benefits and the safety of guaranteed returns.
How to understand Debt to Equity Ratio: A must-know guide for investors
The Debt to Equity Ratio (D/E) is a key financial metric that compares a companys liabilities to shareholders equity, showing its reliance on debt for financing. It helps investors assess financial leverage, risk, and sustainability.
New gold investment tax rules took effect from July 23, 2024. As per the new rules, long term capital gains on physical gold, ETFs, and mutual funds incur a 12.5% flat tax. Unlike before the rule changes, indexation benefits will cease for these holdings. Sovereign Gold Bonds sold before maturity will also face a 12.5% long term capital gains tax.
Fixed deposits vs debt funds: What should you choose now?
India explores nationwide climate-linked insurance to tackle weather disasters
The proposed parametric insurance model would trigger automatic payments once specific weather thresholdssuch as rainfall or temperatureare breached, reducing delays common in traditional claims
Corporate Sapphiro Forex Card: ICICI Bank and Visa launch premium card for business travellers
Twid launches Twid UPI app to allow online payments using reward points
With the new app, users can link and manage reward points from multiple banks, brands, and loyalty programs in one place, making these points easily accessible and usable like regular money
Banks could face potential asset-liability mismatch with acquisition financing
Currently acquisitions are funded through debt raise, structured finance and internal accruals
NPS equity funds offer over 18% return in three years. Heres a detailed breakup
The National Pension System (NPS) has delivered strong returns over the past three years, with most fund managers outperforming the BSE 200 TRI. Kotak Pension Fund led with 18.19%, followed by UTI, ICICI Prudential, and Tata Pension funds, each offering around 17%.
Fintech startup Finarkein raises $1.5 million in extended Pre-Series A round led by DSP Group
The latest funding saw fresh investment from marquee investors
These 3 balanced advantage and dynamic asset allocation funds beat category average in 1 year
Three balanced advantage and dynamic asset allocation fundsParag Parikh, ICICI Prudential, and DSPoutperformed category averages in the past year, delivering positive returns despite equity market volatility.
JioBlackRock Flexi Cap Fund NFO closes on October 7. Should you invest now or wait?
JioBlackRock Flexi Cap Fund NFO closes on October 7, offering investors dynamic exposure across large, mid, and small-cap stocks. The fund will reopen for continuous sale and repurchase within five business days post-allotment. It allows both SIP and lumpsum investments, starting at Rs 500, and carries no exit load. Managed by Tanvi Kacheria and Sahil Chaudhary, it is benchmarked against the Nifty 500 TRI.
JSW One Platforms raises575 crore from SBI, others
The round, initiated in May, witnessed participation from marquee investors including the State Bank of India, Principal Asset Management, One-Up, International Conveyors, Scarlett Ventures and JSW Steel
These 8 FII-backed debt-free smallcaps rally up to 70% in FY26. Are you missing out?
FIIs have increased their stakes in eight debt-free smallcap stocks that rallied up to 70% in FY26, reflecting renewed investor confidence in financially strong, zero-debt companies with solid growth potential.
18 carat gold rate today: As gold prices rise, you need to pay this much to buy 10 gm 18K gold
18 carat gold is not the purest form of the yellow metal but a lot of people purchase it because of its affordability as it is cheaper than 24K and 22K gold. Buyers should prioritize authenticity by checking for BIS hallmarking, which includes a unique 6-digit HUID number verifiable via the BIS Care App. This ensures transparency and peace of mind.
Every mutual fund has offered double-digit XIRR on SIP investments in the last seven years, an analysis by ETMutualFunds showed. Nearly 180 equity funds have completed seven years of existence in the industry, out of which five have over 25% XIRR in the said time period.
Swiggy, HDFC AMC, Muthoot Finance, and Hero Motocorp are among stocks likely to be upgraded to largecap status in AMFIs February 2026 reshuffle, while LIC Housing Finance may slip to smallcap. Nuvama expects new midcap entrants like HDB Financial Services and Anthem Biosciences.
Bank of Maharashtra logs 17% rise in credit growth in Jul-Sep quarter
The Pune-based lender reported a 12.1 per cent increase in total deposits to 3.09 lakh crore, as against 2.76 lakh crore at the end of the second quarter of the previous financial year
SBI 1-year FD Plan:The PSU bank provides a 6.75 per cent interest rate to senior citizens on a one-year FD scheme. If a depositor submits Rs 5 lakh in this plan, they can get Rs 5,34,614 on maturity.
7 financial steps NRIs must take when returning to India
CGHS reforms 2025 explained: Key changes in package rates, eligibility and CGHS rules
Best large cap mutual funds to invest in October 2025
According to the Sebi mandate, the large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns.
Bitcoin hovers near record after topping $125,000 on sunday
The largest digital-asset climbed to $125,689 over the weekend and remained in touching distance of its all-time high on Monday morning in Singapore at about $124,000, according to data compiled by Bloomberg
Indian Bank, HFCL among 9 F&O stocks saw a high increase in futures open interest
Indian Bank, HFCL and seven other F&O stocks saw notable futures open interest surge on October 3, signalling growing market participation and potential momentum in these counters.
Vodafone Idea shares in focus ahead of Supreme Court hearing on Rs 9,450 crore AGR dues plea
Vodafone Idea share price: Vodafone Idea has approached the Supreme Court to quash the DoTs Rs 9,450 crore AGR demand, citing inconsistencies with earlier guidelines. The telco also seeks reassessment of dues up to FY17.
Kerala High Court recently ruled in favor of employees seeking higher pension. EPFO had denied claims due to bulk contributions made by the employer. The court found that contributions were accepted, despite timing irregularities. It stated that procedural issues cannot deny employees their substantive right to higher pension. This judgment reinforces that EPFO must prioritise substance over form.
Tata Motors Share Price Live Updates: Tata Motors' beta suggests increased risk
UPL Share Price Live Updates: UPL's beta value shows resilience
Adani Ent Share Price Live Updates: Analyzing Adani Enterprises' beta value
Asian Paints Share Price Live Updates: Asian Paints exhibits moderate market behavior
UltraTech Cem Share Price Live Updates: UltraTech Cement's beta performance over six months
