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ICICI Bank prices $1 billion five-year dollar bond at tighter spread
Largest such issue by an Indian lender in nearly 14 years; attracts $3 billion in bids
Best conservative hybrid mutual funds to invest in July 2026
Mutual fund advisors anticipate 2026 will be a significant year for hybrid funds. Conservative hybrid schemes offer a balanced approach for new investors. These funds invest primarily in debt with a small equity allocation. Investors seeking capital preservation should prioritize withdrawal plans over dividends. Several conservative hybrid funds are recommended for July 2026 investments.
RBI likely steps in to avert rupee record low as oil surges, traders say
The rupee was around 96.70 per dollar in the interbank system at 08:55 a.m. IST, above its all-time low of 96.96 reached in May
Smaller UPI players seek wider consultation on NPCIs UPI Meta, warn of market concentration risks
NPCI is targeting a launch around the Global Fintech Fest later this year as it looks to make UPI payments as seamless as tokenised card transactions, particularly amid the expected entry of Apple Pay into India
How to file ITR-4 online on the e-filing ITR portal for AY 2026-2027
Individuals eligible for presumptive taxation can file ITR-4 online. The due date for filing ITR-4 varies based on tax audit requirements. Taxpayers must verify pre-filled data and complete required schedules carefully. Income from salary, house property, and interest are generally included. E-verification within thirty days is mandatory for successful submission.
Where should you invest Rs 10 lakh? Equity, hybrid or debtfind the best option
Financial planning: Investing ten lakh rupees requires aligning financial goals with suitable timeframes. Short-term goals necessitate conservative assets offering high liquidity and capital protection. Medium-term objectives allow for a balanced approach with hybrid and equity fund allocations. Long-term wealth creation benefits from a significant allocation towards diversified equity funds. Investors should also consider tax implications and rebalance portfolios as goals approach.
Thakur noted that about two decades ago, SCB began as a community credit society and later became an urban co-operative bank with a business size of roughly 4,000 crore
Suryoday Small Finance Bank Q1FY27 net profit zooms 113% at 75 cr
Net interest income rose 28 per cent y-o-y to Rs 316 crore (Rs 247 crore)
AP, PNB signs MoU for Quantum Finance Hub at Amaravati
The Hub will serve as a collaborative platform for research, innovation, incubation, and acceleration of next-generation financial technologies
Citizens Financial Group appoints Rajesh Mani as MD of India GCCs
Rajesh brings more than two decades of experience in financial services and technology
NRE vs NRO FD: SBI, HDFC Bank, PNB and Axis Bank interest rates compared; know key differences
NRE and NRO accounts offer investment avenues for Non-Resident Indians in India. NRO accounts accept Indian earnings, while NRE accounts hold international funds. Interest on NRO deposits faces tax, unlike NRE accounts which are tax-free. NRE funds are fully repatriable, and NRO funds have a yearly repatriation limit. Major banks offer similar interest rates on both NRE and NRO fixed deposits.
How to file ITR-3 online on the Income Tax e-filing portal for AY 2026-2027
Individuals with business income must file ITR-3 for AY 2026-2027. This form captures various income sources, including salary and capital gains. Taxpayers can file ITR-3 online through the e-filing portal. The process involves filling general information and specific schedules. E-verification must be completed within thirty days of submission.
Viyona receives BBPS approval to expand digital bill payment services
The certification enables Hyderabad-based Viyona to offer BBPS-powered bill payment services across utilities, telecom, insurance, loan EMIs, education fees and other categories
Got Rs 15 lakh to invest for 10 years? Here's what expert recommends
An expert recommends diversifying Rs 15 lakh across equity mutual funds, precious metals and international funds for a 10-year horizon. Investors should align allocations with their risk profile and goals, while staggering investments over 1520 weeks to manage volatility.
NRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of shares from a son to his father is not regarded as a transfer for capital gains purposes in the hands of the donor, the reporting of such off-market transactions in the Annual Information Statement (AIS) often creates uncertainty. Experts explain AIS, tax rules and how to avoid notices.
What is the password to open an interest certificate from the SBI website?
Individuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, for many taxpayers. AI-assisted self-filing options are available at lower costs. Expert-assisted plans offer comprehensive support for complex income situations. These services cater to students, salaried individuals, pensioners, and NRIs.
FCNR (B) vs NRE 5-year FD: Which can give higher maturity on $50,000 investment? Know currency risk
FCNR(B) vs NRE currency risk: FCNR(B) and NRE deposits offer distinct investment avenues for non-resident Indians. FCNR(B) deposits provide currency protection, while NRE deposits carry exchange rate risk. Calculations show NRE deposits can yield higher returns if the rupee strengthens. However, the rupee has historically depreciated against the US dollar. Choosing between them depends on individual risk appetite and future fund utilization.
EPF Scheme 2026 rules: Major changes every EPF member and employer must know
Can a shop charge you extra for paying by credit card? Here's what every card user should know
Can merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card acceptance rules. Consumers should check final amounts and report unauthorized transactions immediately.
EPS pension : The central government has implemented the Employees' Pension Scheme 2026. This new scheme replaces the Employees' Family Pension Scheme 1971 and EPS 1995. Pension calculation formula remains unchanged while new rules address fund investment and claim delays.
Taxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties. Interest accrues on unpaid demands after the stipulated period expires. Ignoring these notices may result in being classified as an assessee in default. This classification empowers the tax department to initiate recovery proceedings.
Parag Parikh Flexi Cap Fund among the top 7 flexi cap mutual funds to invest in July 2026
Parag Parikh Flexi Cap Fund, HDFC Flexi Cap Fund and five others feature among the top flexi cap mutual funds for July 2026, shortlisted on rolling returns, consistency, downside risk and outperformance.
Will a Rs 42,500 monthly SIP with a 10% annual step-up help you retire early?
A 35-year-old investor from Hyderabad, aiming to retire in the next 10 years, sought expert advice on whether his Rs 42,500 monthly SIP portfolio can help build a retirement corpus of Rs 1 crore. While the target appears achievable with disciplined investing, the expert recommended simplifying the 14-fund portfolio and reviewing retirement needs beyond just the corpus size.
Gold rate: Gold prices saw an increase at major jewellery retailers today. Tanishq's 22k gold jewellery is priced at Rs 13,475 per gram. Other brands like Malabar Gold & Diamonds also show a price rise. The India Bullion and Jewellers Association provided indicative rates. These rates may vary based on location and taxes.
ITR filing 2026 alert: 8 capital gains reporting mistakes every taxpayer must avoid
Section 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for salaried individuals. Private sector employees switching to the new regime find this deduction particularly attractive. Employer contributions lower taxable income and build retirement savings simultaneously.
The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident Fund and similar government funds will earn 7.1 percent interest. This rate remains unchanged for the July to September 2026 period. Public Provident Fund and small savings schemes also retain their current rates. Employees Provident Fund interest rate stands at 8.25 percent for the fiscal year.
From Tata Tiago EV to Nexon EV: Compare India's best budget electric cars by price, range & features
NRI or not, 8 ways India's new foreign account tracking affects you
ICICI Bank sets initial guidance for first dollar bond in nearly 9 years
The lender is expected to raise at least $500 million through this issue and has provided guidance of a spread of 130 basis points over the corresponding US Treasury yield
This initiative aims to provide non-resident Indian (NRI) customers with access to leverage, enabling them to place higher deposits with tenors of 3-5 years.
IndusInd Bank posts 72% rise in Q1 profit as asset quality improves
Despite modest growth in net interest income and continued pressure on margins, IndusInd Bank expects net interest margins to improve in the second half of FY27, with loan growth matching industry trends
Total flow of financial resources to the commercial sector zoomed 148% to 7.73 lakh cr in Q1FY27
With interest rates in the bond market tightening, corporates tapped banks for credit in a big way in the first three months of current
UCO Bank Q1 net up 8% at 656 crore on higher operating profit and lower provisions
The banks net interest income rose to 2808.26 crore from 1403.23 crore for the corresponding period last fiscal.
Nippon Life India AMC net up 27% on higher inflows
Equity MF average AUM grew 22 per cent YoY to 3.51 lakh crore
RBI draft foreign investment rules may reshape deal structures, speed policy implementation
Proposed framework could reduce delays in implementing FDI reforms while changing how downstream investments and shareholder rights are assessed, experts said
Insurance Brokers Association of India (IBAI) celebrates 25 years of contribution to the insurance industry this week
How ULIP plans can help you with legacy planning
Legacy planning helps Indian families transfer wealth smoothly across generations. Unit Linked Insurance Plans offer life cover and market-linked growth potential. Life insurance provides immediate financial security after an unexpected earning member's demise. ULIPs build a long-term corpus and offer liquidity after a lock-in period. Bajaj Life Supreme can support wealth creation and family protection goals.
Aye Finance posts 144% profit jump in Q1 FY27
Aye Finance shares fall despite strong quarterly results
Taxpayers can now e-verify their Income Tax Returns using multiple online options. Aadhaar OTP and Electronic Verification Code (EVC) are convenient methods available. Net banking and Demat accounts also facilitate this essential tax process. The Income Tax Department provides clear steps for each verification method. Completing this verification ensures your tax return is officially processed.
Central government employees retiring soon will find CGHS pensioner card applications simpler. Pension details from the Bhavishya portal will now pre-fill CGHS applications automatically. This integration reduces paperwork and manual data entry for all retiring employees. PAN card will serve as the unique identifier for data exchange between systems. Approved CGHS pensioner cards can be downloaded from both the CGHS and Bhavishya portals.
Aadhar download: How to download UIDAI app and enable biometrics on Aadhaar card
The Aadhaar app has surpassed four crore downloads, becoming a key digital service platform. Users can now update addresses and personal details conveniently from home. The biometric lock feature allows users to control fingerprint and face authentication access.
CSB Bank Q1 results: Profit jumps 27% to 150 cr
Total income rises to 1,516 crore from 1,286 crore a year ago
TVS Motor indicates it may spin-off financial services business in future at appropriate time
TVS Credit reported a total Income of 1,918 crores for Q1 FY27, a growth of 13% from Q1 FY26, and a net profit of 208 crores for Q1 FY27, a growth of 15% compared to the same period last year
Filed revised ITR but lost Rs 2.99 lakh capital loss carry forward benefit claimed in original ITR; Know how a man challenged tax dept's decision and won case in ITAT Bangalore. Know how the taxpayer won the case in ITAT Bangalore.
India Mortgage Guarantee Corp appoints financial services veteran Rajesh Sud on its board
MGC is backed by global and multilateral institutions, including Enact Holdings, Sagen, International Finance Corporation, Asian Development Bank and National Housing Bank
How to select the right ITR form based on your income for AY 2026-2027
Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using ITR-1 under specific conditions. Salary, house property, and other sources may qualify for ITR-1 if income is below fifty lakh. Business or professional income typically requires ITR-3 or ITR-4 for presumptive taxation. Capital gains and complex income often necessitate ITR-2 or ITR-3 forms.
ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax notices
Many taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. This article explains the overlooked three-year rule under Sections 54 and 54F, why it leads to income tax notices and the key compliance checks taxpayers should undertake while filing their ITR for AY 2026-27
Purple Finance to acquire Saksham Gram Credit for rural expansion
Purple Finance plans to acquire Saksham Gram Credit for rural market expansion. The company also secured equity funding of Rs 108 crore for growth. This acquisition will mark Purple Finance's entry into rural and semi-urban lending. Combined Assets Under Management are expected to reach approximately Rs 850 crore. The deal strengthens distribution networks and supports small finance bank aspirations.
Gold rates today: Gold rates saw a significant increase across leading Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, and Joyalukkas reported higher prices for 22k gold. Consumers planning purchases should compare prices to secure the best available deals.
Bandhan Bank shares tank 18% as FY27 RoA guidance cut spooks investors
Nomura maintains a neutral rating with a target price of 190
ABCL pumps 123.89 crore into health insurance arm via rights issue
ABCL's percentage shareholding in ABHI remains unchanged at 45.89% following the transaction
Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed deposit rate. HDFC Bank, Axis Bank, and ICICI Bank offer a 6% interest rate. These deposits are available in various foreign currencies and offer tax exemptions.
8th Pay Commission salary calculator: Will a 2.0 fitment factor really double your pay?
Made a mistake in your ITR? Fix it before it's too late & you can do it more than once!
Q1 Results Today, 22nd July 2026: Follow our Q1 live updates here
Indian taxpayers earning global income face potential double taxation concerns. India's tax treaties offer relief through credits or exclusive taxing rights. Taxpayers must accurately report foreign income and overseas assets to authorities. Claiming foreign tax relief prevents unnecessary tax burdens and compliance issues. Understanding treaties and documentation is key for cross-border tax matters.
Sebi simplifies certification rules for SIF distributors
Sebi has eased certification rules for Specialized Investment Fund distributors. A new certification allows selling both mutual funds and SIFs. This new NISM Series V-D certification is now required for SIF distributors. Those holding this certification can distribute both product types. Existing mutual fund-only distributors retain their NISM Series V-A requirement.
Sebi unveils simpler rules for mutual fund transmission claims
Mutual fund unit transmission is now simpler for nominees and joint holders. Asset management companies will rely on the latest address with valid documents. A harmonised framework addresses name and signature mismatches effectively. Surviving joint holders or nominees submit a death certificate and bank details. The process is completed within five to fifteen working days.
PFRDA opens on-tap registration for pension fund managers under NPS
The move allows eligible firms to apply at any time to manage assets under the National Pension System and Unified Pension Scheme
Mahindra Finance Q1 PAT jumps 70% to 899 crore as AUM rises 13%
Disbursements increased 22% to 15,564 crore from 12,808 crore a year earlierMahindra Finances profit surged 70 per cent to 899 crore in the first quarter as AUM grew 13 per cent to 1.37 lakh crore, with Chairman Anish Shahs FY26 message highlighting the tighter risk controls, digital transformation and diversification strategy supporting the companys next phase of growth.
Bandhan Bank Q1 net up 35% at 501.67 crore as provisions fall 40.5%
During the first quarter this fiscal, the banks NII rose 5.92% y-o-y at 2,920.58 crore from 2,757.24 crore for the corresponding period last fiscal
Punjab & Sind Bank expects relaxation in FCNR(B) norms for banks without foreign branches
Bank outlines long-term strategy to expand its total business mix to 4 lakh crore by FY29
PNB plans to enter acquisition finance from Q3
Punjab National Bank plans to enter the acquisition finance business from Q3 FY27, following the RBIs new regulatory framework
Sebi eases rules for mutual fund, SIF distributors with single certification exam
Sebi has launched a unified certification for mutual fund and Specialised Investment Fund distributors, known as the NISM Series V-D certification. This new credential streamlines the eligibility criteria for selling these products.
Zaggle to acquire 20% stake in Unobanc for 7.96 crore
Aditya Birla Sun Life AMC net up 12% on better inflows
Passive fund AUM has grown over two times to 1.23 lakh crore against 5,300 crore.
Paytm plans to infuse 100 cr in wealth tech arm Paytm Money
The company expects to close the transaction by September 30
Indian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indian Rupees using SBI's TTBR exchange rate. This specific rate is mandated by the Income-tax Rules for accurate reporting. Taxpayers should use the TTBR rate applicable on the relevant date of acquisition or closing year. Retaining records of the adopted exchange rate is crucial for compliance and avoiding reporting errors.
8th Pay Commission salary: Central government employees anticipate the 8th Pay Commission's fitment factor recommendations. A higher fitment factor could significantly increase employee payouts and basic salaries. Past pay commissions show varied gross salary hikes despite differing fitment factors. The prevailing Dearness Allowance rate influences the actual gross salary increase. Projections suggest potential gross salary increases ranging from 31% to 68%.
ITR filing: Got Section 143(1) intimation after filing your income tax return? Heres what it means
After filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's preliminary processing of your filed return. It details any adjustments made to your income, deductions, and tax liability. Taxpayers must review this intimation carefully for any discrepancies or demands. Responding within thirty days is crucial to avoid penalties and interest.
ITR filing 2026: CBDT takes these steps to prevent portal glitches before July 31 deadline
ITR filing 2026: The government has addressed concerns regarding the income tax e-filing portal's performance. While usage has increased, the portal has largely remained stable, according to officials. The managed service provider, Infosys, has faced contractual penalties for project delays and outages.
Should I sell gold to buy a second home, or is it better to pledge it?
ET Wealth Reader's Query: I am 45, and want to buy a holiday home, or what may be called a second home. I do not have any major financial commitments apart from my two daughters education. I have also been investing through Systematic Investment plans (SIPs) for the past two years. Should I liquidate my gold investments to buy the second home, or would it be better to pledge the gold instead?
Filing ITR this year? Don't miss these 10 major changes in ITR forms
5 critical checks before buying health insurance policy to avoid claim rejections
Choosing health insurance requires careful consideration of several important factors. Opting for a policy simply because it has a low premium can leave you underinsured and cost you more when you actually need to file a claim. Adequate coverage is crucial, especially as medical inflation is projected to rise significantly in the coming years. Read on to learn about five key factors every policyholder should assess before buying a policy.
Gold rate: Gold prices saw an increase across major Indian cities on Tuesday, July 21, 2026. The India Bullion and Jewellers Association also noted an upward trend in gold rates. Consumers planning purchases should verify current rates before buying.
Sovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Series-VIII. This offers investors a significant absolute return of nearly 257 percent. Tax rules apply to capital gains on premature redemption of these bonds.
Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas bank accounts. Employee stock options and cryptocurrencies also demand careful reporting considerations. Jointly held foreign accounts need accurate disclosure based on fund ownership. Accurate reporting is crucial to avoid penalties under the Black Money Act.
Samsung launches its first US co-branded credit card with Barclays
Galaxy Card offers 5% cash back on Samsung purchases; signals broader fintech push
New phone, same salary: Why Indians need to stop falling for tech upgrade traps
Earning interest on your savings account? This tax rule could save you money
Non-Resident Indians can park their Indian income in NRO fixed deposits. These deposits offer attractive interest rates, with some banks providing up to 6.75 percent. Banks like Bank of Baroda offer the highest rates on specific tenures. Investors should consider tax implications and Double Taxation Avoidance Agreements. Understanding these factors helps maximize returns on NRO fixed deposits.
Trying to time the market? Missing the best trading days can dent returns
Staying invested throughout market cycles yields the highest returns for investors. Missing just fifty strong trading days drastically reduces Nifty 50 returns to 0.89 percent. Missing thirty best trading days improved returns to 4.59 percent for the Nifty 50. Missing ten best trading days boosted Nifty 50 returns to 9.67 percent. Market timing requires two correct decisions, which is difficult for investors.
NHA de-empanels over 2,000 hospitals in fraud crackdown under AB PM-JAY: Report
National Anti-Fraud Unit under AB PM-JAY imposes penalties worth 114.06 crore on hospitals, report says
Fresh FCNR (B) deposit inflows robust at $17.406 billion under RBIs limited period swap facility
Among Banks, State Bank of India and Punjab National Bank have reportedly seen fresh inflows of about $1.90 billion and $425 million via fresh FCNR (B) deposits
What investors need to glean from HDFC Banks Q1 FY27 results
Markets reaction reflects concerns over NIM compression but the bank has long-term levers for margin expansion
Karur Vysya Bank net profit rises 45% in Q1FY27
Profits were driven by a 32% growth in net interest income
Indian Overseas Bank net rises 49% in Q1FY27 on higher NII, recoveries
The bank has set a target of raising around $1 billion across both FCNR (B) deposits and Overseas Foreign Currency Borrowings (OFCBs) by September
