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UPI, Aadhaar banking drive 61% of MSME transactions; AI adoption rises: Report

Survey of 10,000 retailers shows rising confidence in digital tools and early-stage AI adoption at last mile

The Hindu Businessline 23 Jun 2026 3:12 pm

AY 26-27 and TY 26-27: Do taxpayers need to file two ITRs for FY 25-26 income? I-T Department explains

Confusion surrounding the new Income Tax Act, 2025, and its transition from Assessment Year (AY) to Tax Year (TY) is clarified by the Income Tax Department. Taxpayers will not need to file two returns for income earned between April 1, 2025, and March 31, 2026.

The Economic Times 23 Jun 2026 1:48 pm

8th Pay Commission HRA changes: 5 employee bodies recommend house rent allowance up to 40%; check details

8th pay commission proposals: Central government employees are urging the 8th Pay Commission to significantly hike House Rent Allowance (HRA) rates, citing soaring urban rents. Employee bodies are proposing increases to 36%, 40%, and even higher for different city categories, with some suggesting HRA be linked to Dearness Allowance (DA) and extended to pensioners. These demands aim to better align payouts with the cost of living, particularly for lower-level staff in major metropolitan areas.

The Economic Times 23 Jun 2026 1:44 pm

Consistent performers: 6 equity mutual funds deliver over 20% CAGR in 3- and 5-year horizons

Six equity mutual funds have delivered over 20% CAGR in both three- and five-year horizons, an ETMutualFunds analysis showed. The list includes mid cap and small cap schemes from HDFC, Nippon India, Quant, Bandhan and Invesco, highlighting consistent long-term performance across categories despite market volatility.

The Economic Times 23 Jun 2026 1:22 pm

NFO Alert: JM Financial Mutual Fund launches multi asset allocation fund

JM Financial Mutual Fund has launched its new JM Multi Asset Allocation Fund, an open-ended scheme designed for long-term wealth creation. Subscriptions open June 24 and close July 8, 2026. This fund offers a diversified portfolio across equity, debt, gold/silver, and commodity derivatives, aiming for growth with a structured, actively managed approach to navigate various market cycles and economic conditions.

The Economic Times 23 Jun 2026 1:16 pm

OFSS among top 4 midcap stocks that saw highest mutual fund selling in May

Mutual funds heavily sold midcap stocks in May, including SAIL, Oracle Financial Services, National Aluminium, and Patanjali Foods, reflecting shifting allocations, valuation concerns, and sector rotation in Indian equity markets.

The Economic Times 23 Jun 2026 12:10 pm

PFC becomes first non-bank lender to tap dollar debt after RBI subsidy, bankers say

PFC accepts bid worth $300 million for a five-year dollar bond issue

The Hindu Businessline 23 Jun 2026 12:02 pm

IDFC First scam: CBI arrests senior IAS officer for embezzling 60 crore

The case is part of a CBI investigation into embezzlement of 657 crore from the accounts of the Haryana government and Chandigarh administration maintained at IDFC First Bank

The Hindu Businessline 23 Jun 2026 11:42 am

Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FA

Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose can lead to tax issues. Filing Form 40 is crucial for deferring Indian tax until withdrawal, aligning with US taxation and potentially enabling Foreign Tax Credit benefits. New ITR forms require filing ITR-2 or ITR-3 for these disclosures.

The Economic Times 23 Jun 2026 11:30 am

Searching for the best smallcap funds? Check these top 4 picks for June 2026

ETMutualFunds has shortlisted four top smallcap mutual funds based on rolling returns, consistency, downside risk and asset size. Nippon India leads with the highest returns, while others show mixed quartile performance. These funds suit aggressive investors with a high risk appetite and a long-term investment horizon.

The Economic Times 23 Jun 2026 11:28 am

Filing ITR? Dont ignore the nature of employment field; it can affect NPS & retirement tax benefits

The Nature of Employment field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, including exemptions on gratuity, commuted pension and leave encashment, as well as deductions for employer contributions to NPS, potentially leading to incorrect tax computation and compliance issues.

The Economic Times 23 Jun 2026 11:15 am

Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?

ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However, my wife did not contribute financially to the purchase. I would like to know if both of us can claim long-term capital gains tax benefits.

The Economic Times 23 Jun 2026 11:13 am

AMFI Rejig: BSE and Vodafone Idea among 8 midcap stocks that may get largecap status in H2 CY26

Eight midcap stocks, including BSE, Vodafone Idea, Hitachi Energy India, Jindal Steel, Indian Bank, Indus Towers, BHEL and Vedanta Aluminium, may be upgraded to largecap status in AMFIs H2 CY26 rejig, according to Nuvama Institutional Equities.

The Economic Times 23 Jun 2026 10:46 am

Can a 10% annual SIP step-up help turn Rs 26,000 monthly investment into Rs 1 crore?

A 10% annual SIP step-up could boost a Rs 26,000 monthly investment towards Rs 1 crore in a decade, according to an expert. The analysis highlights portfolio overlap and suggests reallocating from large-cap and mid-cap funds to small-cap ones. Investors are advised to exit thematic and hybrid funds for better diversification and long-term wealth creation.

The Economic Times 23 Jun 2026 10:25 am

Best gilt mutual funds to invest in June 2026

Gilt funds are being recommended by advisors for 'aggressive' debt investors anticipating interest rate cuts by the RBI, with potential for double-digit returns. These funds, investing in government securities, carry no credit risk but are highly sensitive to interest rate fluctuations. Investors should have a long-term horizon and understand rate cycles to benefit from potential gains when rates fall.

The Economic Times 23 Jun 2026 9:22 am

US Stocks: GIFT City or traditional broker? Before you start overseas investing, know which route saves you more in taxes, costs, and hassle

Indians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and lower entry barriers, ideal for hands-on investors with smaller sums. GIFT City provides a structured, convenient route with higher initial investment, suitable for those seeking a managed approach to international diversification. Read the article to know how the two routes compare in terms of taxation, costs and more.

The Economic Times 23 Jun 2026 7:00 am

Total flow of financial resources to the commercial sector in the first 2 months of FY27 up about 8 times

This is driven by a pickup in non-food bank credit and rise in foreign direct investment (FDI) to India, per the central banks latest monthly bulletin

The Hindu Businessline 22 Jun 2026 9:31 pm

RBI to conduct 2 lakh crore 7-day variable rate repo auction on June 23

The move follows a review of current and evolving market liquidity trends

The Hindu Businessline 22 Jun 2026 9:31 pm

Any breakdown of interim US-Iran peace agreement may reignite material risks: RBI Bulletin

The uncertainties could have an impact on the outlook through international trade, cost pressures, capital flows and commodity prices

The Hindu Businessline 22 Jun 2026 9:13 pm

Bankers expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits

Offering leverage on a FCNR (B) deposit has emerged as a grey area

The Hindu Businessline 22 Jun 2026 8:21 pm

CBI arrests ex-RCFL and RHFL CEOs in 7,623 crore bank fraud case

The agency said the accused sanctioned loans to intermediary and conduit firms in violation of RBI and lending norms, resulting in massive losses to public sector banks

The Hindu Businessline 22 Jun 2026 7:51 pm

World Bank approves USD 1.5 billion to boost private sector jobs in India

The initiative is projected to generate employment opportunities for about 11 million young Indians over the next two decades under the private sector development financing programme

The Hindu Businessline 22 Jun 2026 5:31 pm

Filing pension complaints gets easier as PFRDA rolls out AI-enabled Pension Sahayak: Key features explained

PFRDA has launched Pension Sahayak, an AI-powered platform simplifying pension grievance redressal. This upgrade from the old CGMS offers web, mobile, and WhatsApp access in 22 languages, including voice commands.

The Economic Times 22 Jun 2026 5:23 pm

Alan Greenspan, ex-Federal Reserve chief, dies at 100

Widely regarded as the architect of a prolonged US economic expansion, Greenspan oversaw an era of low inflation, strong growth and booming markets, steering monetary policy through multiple crises including the 1987 crash and the Asian financial crisis

The Hindu Businessline 22 Jun 2026 5:11 pm

How to claim up to 10 crore capital gains tax exemption

The Economic Times 22 Jun 2026 4:48 pm

RBI Governor calls MSMEs key partners in Indias growth story

Malhotra described MSMEs as the nursery of entrepreneurship and stressed the need for a financial system that effectively serves enterprises across districts and towns

The Hindu Businessline 22 Jun 2026 4:11 pm

Top 5 equity mutual funds delivered up to 24% annualised SIP returns over last decade

Five equity mutual funds delivered up to 24% annualised SIP returns over the last decade, with small-cap and mid-cap schemes leading the performance chart.

The Economic Times 22 Jun 2026 3:44 pm

RBI unlikely to raise interest rates soon amid declining crude oil prices, say experts

The MPC projected Indias real GDP growth for 2026-27 at 6.6% while revising Consumer Price Inflation (CPI) upward to 5.1%, with inflation expected to peak at 5.9% in the third quarter

The Hindu Businessline 22 Jun 2026 3:21 pm

Navi Flexi Cap among 5 flexicap funds with highest cash holding. Check details

Five equity funds held over 50% of their portfolios in cash in May, led by Samco Flexi Cap Fund at 62.4%, reflecting a cautious stance and liquidity preparedness.

The Economic Times 22 Jun 2026 3:19 pm

Top 7 mutual fund managers manage at least Rs 2 lakh crore AUM. Check details

The top seven mutual fund managers each oversee at least Rs 2 lakh crore in assets under management as of May 2026, according to ACE MF data. The list is led by managers from ICICI Prudential, SBI Mutual Fund and HDFC Mutual Fund, highlighting concentration among Indias largest fund houses.

The Economic Times 22 Jun 2026 2:52 pm

Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomes

Income Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A rebate and standard deduction, but filing an ITR is crucial. However, this rebate doesn't apply to special incomes like capital gains, Virtual Digital Assets (VDAs), and lottery winnings, which are taxed at specific rates.

The Economic Times 22 Jun 2026 2:47 pm

Rather than picking IPOs every month, let a fund do it for you: Radhika Gupta on Edelweiss Recently Listed IPO Fund

IPO investing is gaining traction, but picking winning stocks is tough for individuals. Edelweiss Mutual Fund CEO Radhika Gupta suggests their Recently Listed IPO Fund as a solution. This professionally managed portfolio focuses on new listings, offering diversification and potential post-listing gains. While acknowledging potential volatility due to mid-to-micro cap exposure, Gupta recommends SIPs for smoother navigation of market ups and downs.

The Economic Times 22 Jun 2026 2:22 pm

Aadhaar email update to be free via mobile app from July 1; UIDAI waives Rs 75 fee for six months

The Unique Identification Authority of India (UIDAI) is making email address updates via the Aadhaar mobile app free for six months, from July 1 to December 31, 2026. This move aims to encourage users to keep their contact information current for important notifications. Currently, a Rs 75 fee applies for this service. The waiver is exclusively for updates made through the Aadhaar mobile application.

The Economic Times 22 Jun 2026 1:44 pm

8th Pay Commission latest news: Can 8th CPC submit its report before Mid-2027 as Lucknow meetings begin?

8th Pay Commission news: Central government employees are anticipating the 8th Pay Commission's report, with some associations suggesting an early submission by January 2027 and potential salary hikes from April. Despite a November 2025 formation and an 18-month deadline ending May 2027, the commission's swift pace, aided by online processes, fuels optimism for a quicker payout. However, some experts believe a second-half 2027 submission is more probable.

The Economic Times 22 Jun 2026 12:26 pm

22k gold rate today: Check 24k, 22k, 18k gold prices (June 22, 2026) at IBJA, Malabar Gold & Diamonds, Tanishq, Joyalukkas and Kalyan Jewellers

Gold rate today: Gold prices saw a slight uptick today, June 22, 2026, with 22k gold jewellery at Tanishq priced at Rs13,475 per gram. Major retailers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also reflect similar rates.

The Economic Times 22 Jun 2026 11:43 am

Vedanta Aluminium set for largecap upgrade in H2 CY26; power, oil & gas arms may turn smallcaps

Vedanta Aluminium is likely to be upgraded to the large-cap category in AMFIs H2 CY26 semi-annual reshuffle, while Vedanta Power, Oil & Gas, and Iron & Steel may be classified as smallcaps after the demerger, according to Nuvama Institutional Equities. AMFI may also revise market-cap cut-offs, raising the large-cap threshold and adjusting mid-cap limits based on prevailing valuations.

The Economic Times 22 Jun 2026 11:42 am

Global banks drive India asset-backed securities sales to record

Foreign banks share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years

The Hindu Businessline 22 Jun 2026 11:21 am

Husband trades through wifes demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him relief

A husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading using his wife's demat account and gifting her Rs 1.15 crore, the tax department argued the Rs 1.95 crore loss, including Rs 80 lakh from her own funds, was hers alone.

The Economic Times 22 Jun 2026 11:15 am

Physicswallah among top 5 smallcap stocks that saw highest mutual fund selling in May

Five smallcap stocks, including MRPL, Kaynes Technology, Wockhardt, GE Shipping and Physicswallah, saw the highest mutual fund net selling in May, according to Motilal Oswal Financial Services data, reflecting notable institutional exit trends.

The Economic Times 22 Jun 2026 10:57 am

Wife refused to leave sister-in-laws house after husband moved out; Delhi HC orders her eviction

A Delhi High Court ruling has affirmed a woman's eviction from her sister-in-law's inherited property. The court stated that once a husband loses his right to reside in his sister's house, his wife cannot claim a right to stay there. The sister-in-law, the sole owner via her mother's will, had permitted her brother and his wife to live there.

The Economic Times 22 Jun 2026 10:46 am

Smallcap funds beat all equity mutual fund categories over 3 months. Should investors change SIP strategy?

Smallcap funds have emerged as the best-performing equity mutual fund category over the last three months, delivering an average return of 16.94%, according to ETMutualFunds. The rally follows an earlier correction and has been supported by improving earnings, strong liquidity, and renewed investor interest. However, the sharp gains have also sparked debate on whether investors should buy, hold, or book profits at current levels.

The Economic Times 22 Jun 2026 9:25 am

Best corporate bond mutual funds to invest in June 2026

Investors seeking relatively safe debt options for near-term or three-year-plus goals can consider corporate bond funds in June 2026. These funds invest primarily in top-rated corporate papers, offering greater safety than credit risk or gilt funds. While interest rate sensitivity and past defaults warrant caution, these recommended funds provide a stable avenue for investment. The article highlights key funds and the methodology behind their selection.

The Economic Times 22 Jun 2026 9:22 am

8 ITR filing mistakes to avoid this tax season

The I-T Departments growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax return filing more important than ever.

The Economic Times 22 Jun 2026 6:30 am

You make money when markets stay noisy: Axis MF CEO

Axis Asset Management Company has navigated turbulent weather in the past few years, coming under regulatory scrutiny over a controversy involving some of its key ex-personnel, and facing an extended period of underperformance in its equity funds. As it emerges out of the storm, its MD and CEO, B. Gopkumar, tells Sanket Dhanorkar how the fund house is putting things in order and why he believes the worst is behind them for their equity strategies.

The Economic Times 22 Jun 2026 6:30 am

Bitcoins 50% fall: Buy the dip or stay away?

Investors must weigh extreme volatility, uncertain cycles and Indias harsh tax rules before adding exposure.

The Economic Times 22 Jun 2026 6:30 am

Power stocks surge on demand revival, investments

Rising electricity demand and a strong investment cycle lift outlook for power companies.

The Economic Times 22 Jun 2026 6:30 am

Why a good manager matters in your career

You cant pick the manager, but he could decide your career, says Devashish Chakravarty.

The Economic Times 22 Jun 2026 6:30 am

NRIs can now earn up to 7% on dollar deposits

For the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.

The Economic Times 22 Jun 2026 6:30 am

Moderate health claims experience for most Indians

Policybazaar's latest Health Claims Experience Index reveals that while cashless claims are preferred, the overall process needs significant enhancement. Many policyholders opt for reimbursement due to perceived delays in cashless approvals, leading to financial strain. Key pain points in reimbursement include delays and rejections, with customers seeking simpler forms and readily available hospital lists for a smoother experience.

The Economic Times 22 Jun 2026 6:30 am

Microcaps shine as largecaps falter in 2026

Welcome to TrendMap, your quick guide to the performance of different investment segments. No single segment always leads. In this edition, we present a 10-year equity performance tracker, ranking annual returns across market-cap segments. Investors risk appetite has turned more selective in 2026 so far. By Sameer Bhardwaj.

The Economic Times 22 Jun 2026 6:30 am

Started investing late? Cover your risks first

Ashish Mishra is currently focussing on two primary financial goals his childs education and an early retirement at 51. Heres what the doctor has advised him.

The Economic Times 22 Jun 2026 6:30 am

ITR filing FY 2025-26: New rules, forms, deadlines

The deadline for filing income tax returns for FY2025-26 has arrived, with new rules and forms in effect. Notably, ITR 3 and ITR 4 filings now have a staggered deadline of August 31st, offering some relief. Significant changes include updated disclosure requirements for Futures & Options trading and revised capital gains tax reporting, signaling a move towards more data-driven scrutiny by the tax department.

The Economic Times 22 Jun 2026 6:30 am

How DTAA helps taxpayers avoid double taxation

If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 108th part of this series, Riju Mehta explains how the Double Taxation Avoidance Agreement helps taxpayers.

The Economic Times 22 Jun 2026 6:30 am

Markets will remain noisy. Thats how you make money: Axis MFs CEO & MD B. Gopkumar on SIPs, volatility and investing

Axis Asset Management Company has navigated turbulent weather in the past few years, coming under regulatory scrutiny over a controversy involving some of its key ex-personnel, and facing an extended period of underperformance in its equity funds. As it emerges out of the storm, its MD and CEO, B. Gopkumar, tells Sanket Dhanorkar how the fund house is putting things in order and why he believes the worst is behind them for their equity strategies.

The Economic Times 22 Jun 2026 6:30 am

SBI-Telangana face-off Over 5-acre land in Hyd raises stakes for both sides

SBI on Friday secured a stay from the Telangana High Court on the auction of the land by the Telangana Industrial Infrastructure Corporation (TGIIC), which had earlier allotted the property to the bank.

The Hindu Businessline 21 Jun 2026 10:04 pm

RBI overhauls Lead Bank Scheme after review, issues new guidelines

The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between banks and government agencies, with Lead Banks now appointing dedicated managers to oversee scheme implementation across all districts.

The Economic Times 21 Jun 2026 9:58 pm

India remains ADB's largest private sector market; lender eyes $1 bn direct support in 2026

ADB to focus on clean energy, green hydrogen, e-mobility and green data centres as key segments

The Hindu Businessline 21 Jun 2026 3:30 pm

Lenskart Solutions among top 5 midcap stocks with highest mutual fund buying in May

Mutual funds showed significant interest in midcap stocks during May, with Lenskart Solution leading the pack in net buying. JSW Energy, Billionbrains, Yes Bank, and Premier Energies also saw substantial inflows. This trend highlights a strategic shift by fund managers towards these growing companies, indicating potential investment opportunities for the broader market.

The Economic Times 21 Jun 2026 10:29 am

Fathers Day 2026: How fathers can build financial independence and generational wealth through mutual funds

Fathers can build financial independence and generational wealth through strategic mutual fund investments, experts advise. Starting early, ideally in the late 20s or early 30s, leverages compounding for a robust retirement corpus. For legacy wealth, a higher equity allocation is recommended, focusing on long-term growth. Avoiding common mistakes like delaying retirement planning and keeping too much in low-yield fixed deposits is crucial.

The Economic Times 21 Jun 2026 10:20 am

NFO Watch: 3 mutual funds will open for subscription this week. Check dates and key details

Three new mutual funds are set to open for subscription this week, offering investors fresh options across passive and active strategies. The launches include Tata Multi Sector Passive FoF, HDFC Nifty Auto Index Fund and JM Multi Asset Allocation Fund. Investors should align fund selection with financial goals.

The Economic Times 21 Jun 2026 10:18 am

Equity mutual funds fell upto 6% last week. Check top 5 laggards

Equity mutual funds experienced a downturn last week, with some correcting up to 6%. International funds were particularly hard hit, with the DSP World Mining Overseas Equity Omni FoF leading the decline at nearly 5.81%.

The Economic Times 21 Jun 2026 10:07 am

H P Singh and Roy Varghese elected as new members on board of Sa-Dhan

Following the elections, the board was reconstituted with K Paul Thomas, Managing Director and Chief Executive Officer of ESAF Small Finance Bank, as chairperson

The Hindu Businessline 20 Jun 2026 5:59 pm

PhonePe wallet inactivity fee explained: No impact on UPI payments or bank accounts

PhonePe has clarified rules around dormant prepaid wallets after users raised concerns over inactivity charges. The company said wallet balances, UPI transactions and linked bank accounts follow separate systems with different operating rules

The Hindu Businessline 20 Jun 2026 3:19 pm

New labour code: Appointment letters must mention job role, workplace, and other key conditions; here's how employees benefit

New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater transparency and formalization of employment terms.

The Economic Times 20 Jun 2026 2:15 pm

Top 7 flexi cap mutual funds to invest in June 2026

The Economic Times 20 Jun 2026 11:04 am

22k gold rate today: Check 24k, 22k, 18k gold prices (June 20, 2026) at Tanishq, Joyalukkas, Kalyan Jewellers, Malabar Gold & Diamonds and IBJA

Gold rate today: Gold prices have seen a dip this week following a de-escalation in global tensions. As of June 20, 2026, 22k gold rates at major retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas remain stable.

The Economic Times 20 Jun 2026 10:30 am

Retirement savings gap after a career break? Expert shares how to recover without taking big risks

Career breaks, common for women, can impact retirement savings. Experts advise accepting the situation and implementing a catch-up plan by temporarily increasing investments. Utilizing bonuses and reviewing portfolios for better returns are key. While aiming for higher gains, avoid excessive risk. Disciplined investing and strategic cash-flow management can help bridge the gap and secure financial independence.

The Economic Times 20 Jun 2026 10:21 am

Husband hides real age on matrimony site, claims to be 37 instead of 44, leading to incorrect horoscope match; HC grants wife divorce for this reason

The Telangana High Court gave relief to a wife by granting her divorce after it was found that her husband had misrepresented his age which resulted in her parents incorrectly matching their horoscope. The high court observed that due to this false fact about his date of birth and also the horoscope matching, she mistakenly believed that both of them were compatible with each other.

The Economic Times 20 Jun 2026 8:00 am

FD rate up to 8.05% for senior citizens investing for five years; Know list of banks

Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive rates are available, investors should be aware of the DICGC insurance limit of Rs 5 lakh. The article also clarifies TDS rules on FD interest, explaining how senior citizens can avoid deductions by submitting Form 15H if their total income falls below taxable limits.

The Economic Times 20 Jun 2026 7:11 am

Saturday bank holiday: Are banks open or closed today on June 20, 2026?

Bank holiday: Indian banks operate on a mixed schedule, with closures on Sundays and the second/fourth Saturdays. While many services are digital, certain transactions like account opening, signature updates, and large cash movements still necessitate a branch visit.

The Economic Times 20 Jun 2026 7:00 am

NRI credit cards: Rewards and lounge access arent everything, what more NRIs should know before getting an Indian credit card

For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.

The Economic Times 20 Jun 2026 6:30 am

RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits

Banks to offer higher interest rates on deposits as they will be able to deploy the full deposit proceeds as loans

The Hindu Businessline 19 Jun 2026 8:44 pm

RBIs seeks daily data from banks under its limited period measures to attract foreign capital

Foreign capital measures, including FCNR deposits, ECBs, and OFCBs, to attract investment

The Hindu Businessline 19 Jun 2026 8:38 pm

Zerodha Capital loan book jumps past 580 crore as profit rises

Zerodha Capital's total income increased to 53.5 crore in FY26 from 37.1 crore a year earlier, while total assets rose to 641 crore from 433 crore

The Hindu Businessline 19 Jun 2026 8:17 pm

Home loan insurance: Protecting the dream home without paying more than you need to

Home loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabilities in unforeseen circumstances. With rising homeownership and larger loan sizes, more borrowers are actively seeking protection solutions that offer both affordability and flexibility. The article explores the benefits of home loan insurance, evolving consumer preferences, and the growing importance of transparency and choice. It also highlights recent regulatory measures aimed at strengthening consumer rights and preventing mis-selling.

The Economic Times 19 Jun 2026 7:10 pm

The Latest Home Loan Interest Rates: Jun 19, 2026

The Latest Home Loan Interest Rates: Jun 19, 2026

The Hindu Businessline 19 Jun 2026 7:00 pm

The Latest Fixed Deposit Interest Rates: Jun 19, 2026

The Latest Fixed Deposit Interest Rates: Jun 19, 2026

The Hindu Businessline 19 Jun 2026 7:00 pm

EPFO: When can you get 8.25% EPF interest amount in your provident fund account?

EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the government has officially ratified the rate. This annual interest is calculated on a monthly running balance, ensuring no loss for members even with delayed crediting. Subscribers can easily check their updated balances through the EPFO portal or the Umang app.

The Economic Times 19 Jun 2026 6:17 pm

Gold and silver prices have fallen up to 12% this month; is it time to buy?

Gold and silver prices have dropped sharply this month as easing Iran-US tensions dampened safe-haven demand. Experts advise existing investors to avoid panic selling, as the long-term outlook remains positive. New investors can use the correction to invest gradually through SIPs in ETFs, while maintaining a 10-15% portfolio allocation to precious metals.

The Economic Times 19 Jun 2026 5:10 pm

Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in HDFC Bank, RIL and 29 others in May

Sunil Singhania-backed Abakkus Flexi Cap Fund significantly increased its holdings in HDFC Bank and Reliance Industries during May. The fund also added substantial stakes in Edelweiss Financial Services, The Federal Bank, Tata Steel, and Urban Company, among 29 other stocks. No stocks were reduced or exited, maintaining a portfolio of 49 scrips across 23 sectors.

The Economic Times 19 Jun 2026 3:44 pm