30 C 
Government clarifies UPI users will not be charged, says MDR may apply to select merchants
Finance Ministry said, Consumers making payments will not face any transaction charges and that all Person-to-Person transactions will continue to be free of charge
Small borrowers honest: smaller the loan, better is the asset quality, says Union Coop Minister Shah
The Minister underscored that common peoples co-operatives should be formed by aggregating their savings, creating a big pool which can be used to do big business
UPI transactions will remain free for consumers, says Phonepe CEO
The current debate about the UPI ecosystem is not about changing the fundamental design principles
Unclaimed mutual fund dividends rise 15.7% to Rs 2,689 crore in FY26: Sebi
Unclaimed mutual fund dividends rose 15.7 percent to Rs 2,689 crore in 2025-26. Unclaimed redemption proceeds saw a slight decline of 0.5 percent during the same period. Combined unclaimed amounts in mutual funds reached Rs 3,811 crore by March 31, 2026. SEBI enhanced measures to help investors and nominees access their unclaimed holdings. Initiatives like DigiLocker integration and Niveshak Shivirs aim to reduce unclaimed assets.
For selling 600ml Pepsi at Rs 26 instead of Rs 25 MRP, husband working in wifes shop faced criminal prosecution; Bombay HC quashes case as wife made the sale, while husband had only prepared the bill after the sale. Know how he won case in Bombay High Court
Can NRIs open Sukanya Samriddhi Yojana account offering 8.2% interest rate?
Sukanya Samriddhi Yojana provides a favorable tax regime for parents budgeting for their daughters. Only resident Indian girls aged below ten qualify to open these accounts. The investment period spans fifteen years, with the account lasting twenty-one years.
Quant Small Cap Fund adds SBI Funds Management, Caliber Mining and 11 others in July
Quant Small Cap Fund added 13 stocks in July, including SBI Funds Management, Caliber Mining and Hexaware Technologies. The fund exited four stocks and reduced exposure to seven others, while increasing holdings in 10 stocks. Its portfolio rose to 106 stocks from 97 in June, with AUM at Rs 34,069 crore as of July 31.
Edelweiss Nifty REITs & Realty Index Fund is open for subscription. Should you invest?
Edelweiss Mutual Fund has launched Indias first REIT-focused index fund, offering exposure to listed REITs and real estate companies through a single investment. The fund tracks the Nifty REITs & Realty Index, with a 60:40 REIT-to-realty allocation, targeting long-term investors seeking diversified real estate exposure.
5 equity mutual funds that delivered over 20% returns in 10 years for SIP investors. Do you own any?
Five equity mutual funds delivered over 20% annualised SIP returns over the past decade. Quant Small Cap led with 24.2%, followed by Nippon India Small Cap, Invesco India Mid Cap, Quant ELSS Tax Saver and Nippon India Growth Mid Cap. Investors should consider risk, goals and investment horizon beyond past performance.
Gold rate today: On Saturday, August 8, 2026, gold prices saw a notable increase. If you are planning to buy gold jewellery, here is a look at the latest 22K gold rates today at Tanishq, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and IBJA.
Explained: Want to choose the right mutual fund? Check these 10 key ratios
Choosing a mutual fund requires more than examining past returns. Investors should assess risk-adjusted performance using metrics such as Alpha, Beta, Sharpe, Treynor, Information and Sortino ratios, along with standard deviation, semi-standard deviation and R-squared. These measures help compare funds, understand volatility, evaluate manager performance and determine suitability for individual investment goals.
Looking for mutual funds to invest in August? Here are 10 top picks
ETMutualFunds has shortlisted 10 equity mutual funds across five categories based on rolling returns, consistency, downside risk, outperformance and asset size for August.
PPFAS Mutual Fund CIO Rajeev Thakkar said the recent underperformance of Parag Parikh Flexi Cap Fund is neither unusual nor significant. He defended its long-term strategy, lower cash allocation, and private-bank exposure, including HDFC Bank. Thakkar said market volatility creates opportunities, while the fund avoids popular themes and sees potential in IT services amid AI disruption.
Track all the latest Q1 FY27 earnings announcements, corporate developments and management commentary as companies including Delhivery, Eveready Industries India, Medi Assist Healthcare Services, Oswal Pumps, Studds Accessories report their June quarter results.
Bank customers are advised to stay informed about upcoming holiday schedules that could impact banking operations. National and religious holidays dictate bank closures, which differ across states.
Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine deduction cannot be denied merely because it was reported under an incorrect schedule in the ITR
RBI proposes new prudential norms on capital adequacy for commercial banks
Draft norms tighten leverage requirements, exposure calculations and capital distribution rules, reinforcing banking sector resilience under globally aligned regulatory standards
Q1 Results Today, 07th August 2026 Highlights: Follow Q1FY27 live updates from businessline
NBFC credit rises 14.4% in June 2026, led by retail lending
Housing loans increased 11.4 per cent to 8.44 lakh crore, while vehicle loans rose 15.2% to 6.24 lakh crore, highlighting steady consumer demand
In FCNR (B) race, small banks raise deposit rates to woo NRIs
These banks are offering interest rates 150 bps higher than large lenders
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
SBI expects to mobilise about $10b via FCNR(B) deposits by Sept-end 2026
FCNR (B) deposit inflows will give Indias largest bank a clear visibility on liquidity and helping it reduce dependence on bulk deposits
Total subscribers of NPS, a defined contribution pension system, from the non-government sector stands at around 90 lakh at present
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)
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
Equitas Small Finance Bank posts 183 crore profit in Q1
Gross advances grow 27%, led by gold and microfinance loans
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
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
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
Shriram General Insurance does not expect SC judgment to impact motor TP portfolio
We are analysing the impact, says Anil Aggarwal, MD & CEO of Shriram General Insurance
As cars go digitally connected, ICICI Lombard launches motor cyber cover
The cover extends to losses resulting from hackers gaining access to financial data or digital assets through a connected vehicle
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
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest list
In a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, 2026. The updated MCLR now varies between 8% and 8.65%, tailored to the specific loan duration.
Unclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual fund assets, SIP contributions and investor participation expanded strongly, reflecting sustained retail interest and industry growth.
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?
Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing holders may maintain their investments. The bonds offer an attractive interest rate of 8.05%, bolstered by government guarantees.
AIBOA urges President to halt IDBI Bank divestment, cites breach of assurance
Officers body sought intervention of President as Custodian of public sector financial institutions and public sector undertakings, to safeguard institutions created and nurtured in public interest
Multi-asset funds vs largecaps: Why has the diversified strategy delivered better returns in 1 year?
Multi-asset funds are gaining popularity by diversifying across equity, debt, precious metals and other assets. Strong gold and silver gains boosted one-year returns, while active allocation and tax treatment vary by equity exposure.
Homebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protest cost them the delaycompensation. Know why homebuyers lost this case.
SBI Q1 net profit rises 10% to 21,121 crore on strong NII, lower NPA provisions
Net interest income rose 15% to 46,992 crore, up from 40,907 crore a year ago
Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.
EPS higher pension: The government has acknowledged the Madras High Court's decision on higher pension benefits. Supreme Court orders regarding higher pension contributions have also been examined. An online facility was provided for EPS subscribers opting for higher pension. This higher pension judgment has been implemented uniformly for all establishments. Employees can now contribute based on actual basic salary for increased pension.
RBI changes loan recovery rules: No harassment, recorded calls, strict recovery agent code & more
The Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks properly train recovery agents while ensuring they adhere to professional standards during the process. Borrowers will receive notifications regarding the recovery agents assigned to them, and all communications will need to be recorded.
GIFT City for NRIs: How to invest in India in dollars without rupee conversion
A term loan refers to a fund based credit facility of a fixed principal amount, made available by an NBFC to a borrower
The Reserve Bank of India has announced the redemption price for the SGB 2020-21 Series-XI, set at Rs 14,564 per unit. Investors seeking to redeem their bonds beforehand can do so starting August 7, 2026, after a five-year term.
Resident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Maharashtra Co-Op Appellate court cancels eviction and rules resident cannot be evicted by housing society for this reason. Know more.
GOld rate today: Gold prices saw a slight decrease today, August 7, 2026. Leading jewellery brands like Tanishq and Malabar Gold & Diamonds adjusted their rates. Tanishq maintained its 22-karat gold price while others saw a small reduction. IBJA indicative rates for August 6, 2026, show higher prices for various gold purities. Silver prices also remained steady as per the latest updates.
ICICI Bank, Axis Bank tap dollar debt again in less than two months, bankers say
ICICI Bank and Axis Bank raise $300 million each in US dollar debt market for the second time in two months
Best small cap mutual funds to invest in August 2026
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.
The Committee noted that the 18% GST on insurance products has adversely affected affordability and insurance penetration
Chennai Real Estate 2026: 8 localities to buy a home for living, rental income or future growth
RBI likely intervenes to shield rupee from oil jump, traders say
The rupee appeared on track to open weaker around 95.35-95.40 per dollar, but central bank intervention right around the time the local spot market opened at 9:00 am IST helped shore up the currency
Q1 Results Today, 07th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
India must not rewrite its UPI policies under US pressure: GTRI
Zero MDR contributed significantly to this growth by allowing consumers, small shops and roadside vendors to make and receive payments without transaction charges: GTRI
Same salary, different story: Why your colleague got a bigger loan than you
SBI unpaid dividends: How to check unclaimed dividends with bank or IEPF
Investors can check for unclaimed State Bank of India dividends on the bank's website. Dividends unclaimed for seven years are transferred to the Investor Education and Protection Fund. Shareholders can submit claims to Kfin Technologies Limited or SBI Investor Services. Checking unclaimed dividends requires specific details like folio number or client ID. Eligible shareholders and their legal heirs can apply to the IEPF Authority for refunds.
Worried about rising healthcare costs after 60? Discover how senior citizens can secure robust health insurance without breaking the bank. Explore strategies like combining base policies with super top-ups and leveraging employer benefits to achieve comprehensive coverage and predictable renewal costs.
Indel Moneys arm get RBI approval to offer trade remittance services
The RBI approval enables the company to expand regulated cross-border payment services for businesses with faster and compliant trade remittances
RBI releases second NBFC upper layer list
Tata Sons continues to feature on it; REC, Power Finance Corporation, Indian Railway Finance Corporation and HUDCO are in the list
Ex-Kotak Bank DVP laundered Panchkula civic funds to buy luxury cars, Harley-Davidson: ED
ED has chargesheeted Pushpinder Singh along with his two colleagues at Kotak Mahindra Bank and an employee of the Panchkula municipal corporation, accusing them of defrauding the Haryana government of more than 100 crore
RBI issues stricter loan recovery rules to protect borrowers from harassment
New RBI norms strengthen borrower rights through fair recovery practices, stricter lender accountability and safeguards against misuse of recovery powers.
Tata Sons in RBIs new Upper Layer list for NBFCs
The inclusion is noted to be independent of Tata Sons ongoing application for de-registration, which is still under review
The Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend income. Special Purpose Vehicles can opt for a new tax regime with a higher surcharge. This decision requires careful evaluation of the entire structure's tax efficiency. The choice between tax regimes depends on individual financial profiles and commercial objectives.
Standard Chartered gets nod to launch wealth management services from GIFT City
Standard Chartered was the first foreign bank to commence operations in GIFT City in 2020
PhonePe's Rs 100 daily RD: How it works; app also adds FD investment option
With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its user-friendly app. Starting investments is as easy as contributing Rs 100 daily through UPI AutoPay. Additionally, the app simplifies the digital handling of fixed deposits, which are secured up to Rs 5 lakh under the DICGC scheme. Best of all, users can withdraw their funds whenever they choose.
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explained
Non-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program provides considerable tax advantages as per the Indian Income Tax Act, allowing annual contributions to be deducted up to two lakh rupees. While withdrawals made after the age of sixty are primarily tax-free, it's important to note that annuity income is subject to taxation.
Baroda BNP Paribas MF raises Rs 1,200 crore+ from ESG and Services thematic fund launches
Baroda BNP Paribas Mutual Fund raised over Rs 1,200 crore through its ESG Best-in-Class Strategy Fund and Services Fund launches in 2026. The offerings drew investors from more than 5,700 pin codes, highlighting strong demand for thematic, long-term equity investment opportunities across India.
NFO Alert: SBI Mutual Fund launches Magnum Equity Ex-Top 100 Long Short Fund
SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.
These 5 midcap funds deliver over 20% CAGR in 3 years; Invesco India Mid Cap leads
Five midcap mutual funds delivered annualised returns of over 20% in the last three years, led by Invesco India Mid Cap Fund with a 24.7% return. Meanwhile, five other schemes posted comparatively modest returns, highlighting the wide performance gap within the category.
Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as tax notice was issued 26 days after the limitation period had expired. Know how he won case in ITAT Bangalore.
RBI schedules underwriting auction for 32,000 crore government securities on August 7
The auction will follow a multiple price-based method and will be held through the RBIs e-Kuber system
42 equity mutual funds deliver over 15% CAGR in 10 years, turn lump-sum investments 4x
Around 42 equity mutual funds generated a CAGR of more than 15% over the past decade, turning a Rs 1 lakh lump-sum investment into over Rs 4 lakh. Nippon India Small Cap Fund topped the list with a 20.61% CAGR, while several Quant, HDFC and SBI schemes also delivered stellar returns.
Paramotor Digital Tech to distribute prepaid products of Aditya Birla Capital Digital
Paramotor will undertake the marketing and distribution of ABCDLs prepaid products while ensuring compliance with applicable RBI regulations
Digital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared income. The Income Tax Department cross-verifies financial data from various sources. Taxpayers should regularly check their Annual Information Statement and reconcile records. Maintaining transaction records and accurately reporting income prevents unnecessary scrutiny.
IIFL Capital partners with Flytxt to leverage Agentic AI for AUM growth
With over 15 years of AI innovation, Flytxt currently serves more than 80 enterprise customers across 50 countries, helping them transform customer data into actionable intelligence and driving measurable business outcomes
EPFO claim delays, expert & IT staff shortage flagged by officers body; seeks govt intervention
EPFO officers have raised concerns over the backlog of auto claims that have been pending for over twenty days. The newly introduced IT system, CITES, has encountered significant implementation delays. Since 2008, staffing levels have remained stagnant, adversely affecting service quality. Officers are calling for reforms in both the Employees Pension Scheme and the leadership framework, advocating for expert guidance and PFRDA-like withdrawal restrictions to enhance savings.
GIC arm, Dymon Asia among investors in Leap India's 371-cr pre-IPO placement
The company undertook a private placement of 2.34 crore equity shares at an issue price of 159 apiece
Loss of interest in marriage is not a valid ground for divorce under Hindu Law, orders Karnataka HC
Hindu marriage cant be broken merely because husband lost interest in marriage, rules Karnataka High Court and says The marriage under the Hindu Law is a sacrament and it is not a contract. Know what the high court said about Hindu law regarding marriage.
Don't wait until it's too late: Why gifting assets during your lifetime deserves a look
Have 30+ mutual funds in your portfolio? Expert explains what a 60-year-old investor should do
An expert guides a 60-year-old investor on managing a large mutual fund portfolio. The advice focuses on dividing investments into three baskets for liquidity and growth. This strategy aims to balance immediate needs with long-term wealth creation goals. The expert suggests increasing large-cap exposure and avoiding certain fund categories. Restructuring aims to simplify the portfolio and align it with retirement planning needs.
Best mid cap mutual funds to invest in August 2026
Invesco India Midcap Fund has been in the first quartile in the last 15 months. The scheme had been in the second quartile earlier. Axis Midcap Fund has been in the third quartile in the last 15 months. The scheme had been in the fourth quartile earlier.
Motilal Oswal's 7 buy calls in finance, tech and more after Q1 earnings
Q1 Results Today, 06th August 2026 Live Updates: Follow Q1FY27 live updates frmo businessline
Shriram General Insurance gross premium rises 23% to 1,180 crore in April-June
Net profit increased 5% to 131 crore in the quarter
