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Ashok Vaswani to step down as Kotak Mahindra Banks chief after current term in December 2026

The Board of the bank has at its meeting held today, respected his decision and has initiated the process for the appointment of a new Managing Director & CEO

The Hindu Businessline 27 Jun 2026 7:03 pm

5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks

Senior citizens seeking secure investments are finding attractive options in fixed deposits, especially for 5-year tenures. Small finance banks are leading the pack, with Suryoday SFB and Jana Small Finance Bank offering a compelling 8.05% interest rate for senior citizens. This competitive landscape ensures older investors can secure stable, higher returns for their retirement savings.

The Economic Times 27 Jun 2026 4:33 pm

Homebuyer paid for a flat in a Delhi housing society in 2003, got delayed possession, sought compensation for delay; SC defends his right

The SC said that the homebuyer can make a claim for compensation for delayed possession. The subsequent receipt of possession cannot, by itself, extinguish the right of the allottee to seek adjudication of a claim for compensation for the alleged delay, the top court stated. The top court has also revived the 2005 complaint made by the homebuyer.

The Economic Times 27 Jun 2026 3:56 pm

Only 14% of India's MSMEs have access to formal credit despite digital finance boom: Deloitte report

Deloitte report estimates Indias MSME credit gap at around 25 lakh crore as of March 2025

The Hindu Businessline 27 Jun 2026 3:34 pm

8th Pay Commission calculator: How much arrears can Level 1-5 employees get at 2.0, 2.15, 2.28, 2.57 and 2.86 fitment factors

8th pay commission calculator: Central government employees 8th Pay Commission arrears will depend on the implementation timeline and final fitment factor. Experts estimate substantial payouts for Level 15 employees if implementation is delayed by 20 months, with arrears ranging from about 3.6 lakh to 10.8 lakh under fitment factors between 2.0 and 2.86.

The Economic Times 27 Jun 2026 3:10 pm

Financial changes from July 1, 2026: Check 6 key updates on ITR deadlines, Aadhaar, passport fees, SBI and HDFC Bank credit cards

Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines, while Aadhaar card holders can update their email for free. SBI and HDFC credit card users will see changes in reward points and lounge access eligibility. Passport fees are set to rise, and banks will face stricter rules against mis-selling financial products, ensuring customer refunds and compensation.

The Economic Times 27 Jun 2026 2:56 pm

GIFT City to showcase India's global financial gateway at Vibrant Gujarat Regional Summit in Vadodara

The session will highlight the expanding financial activities in Indias sole IFSC, covering banking, capital markets, insurance, fund management, and emerging sectors

The Hindu Businessline 27 Jun 2026 12:22 pm

22k gold rate today: Check 24k, 22k, 20k, 18k gold prices (June 27, 2026) at IBJA, Malabar Gold & Diamonds, Tanishq, Joyalukkas and Kalyan Jewellers

Gold prices saw a significant uptick today, June 27, 2026, with major retailers like Tanishq and Malabar Gold & Diamonds reporting higher rates for 22-carat gold. The IBJA has not updated its rates due to market closures.

The Economic Times 27 Jun 2026 12:15 pm

Looking for low cost and high return funds in 3 months? Kotak Liquid Fund among top 5

These low-cost liquid and overnight mutual funds combined minimal expense ratios with competitive three-month returns. PGIM India Liquid Fund led the list, followed by UTI, Kotak, HSBC, and Sundaram funds.

The Economic Times 27 Jun 2026 12:11 pm

SIP share of equity AUM at multi-year high, over 29% in May: Franklin Templeton India MF

Systematic Investment Plan (SIP) contributions to Indian equity mutual funds hit a multi-year high of 29% in May 2026, signaling robust investor confidence despite market volatility. Equity AUM surged to Rs 36.18 lakh crore, with SIP AUM growing 17% year-on-year. This sustained growth highlights the increasing dominance of mutual funds in the investment landscape.

The Economic Times 27 Jun 2026 12:04 pm

HDFC Mid Cap Fund hits Rs 1 lakh crore AUM milestone; delivers 17% CAGR since inception

HDFC Mid Cap Fund has crossed the Rs 1 lakh crore AUM milestone, cementing its position among the country's largest mid-cap schemes. Since its launch in 2007, the fund has delivered a CAGR of 17.13%, outperforming its benchmark while maintaining a disciplined, research-driven approach across market cycles.

The Economic Times 27 Jun 2026 11:21 am

Should you switch your mutual funds after a few months? Expert offers a reality check

Experts advise against frequent mutual fund portfolio changes based on short-term performance. An investor's midcap and smallcap investments, some only months old, were reviewed. While most schemes are deemed appropriate, a retirement fund's lock-in period warrants careful consideration for flexibility. Thorough research and patience are key to long-term wealth creation, with a minimum two-year timeframe recommended before assessing fund performance.

The Economic Times 27 Jun 2026 10:47 am

Didnt report FD interest in your ITR? Heres how you can still correct the mistake

Missed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receives FD interest details, so omissions can be flagged. Filing an Updated Return (ITR-U) within four years allows you to declare missed income and rectify errors, though additional tax and penalties may apply. This voluntary step helps avoid future disputes and keeps your tax records accurate.

The Economic Times 27 Jun 2026 10:37 am

Builder delayed society formation for 9 years, Homebuyers took matters into their own hands; Bombay HC backs residents

The Bombay High Court has ruled in favor of homebuyers, allowing them to form a single housing society for a multi-tower project. The court rejected a builder's plea to create separate societies, citing a nine-year delay in the builder's own society formation process. This landmark decision empowers residents to unite and manage their shared amenities effectively, ensuring their collective interests are protected against prolonged developer inaction.

The Economic Times 27 Jun 2026 7:11 am

Saturday bank holiday: Are banks open or closed today on June 27, 2026?

Several customers are now wondering whether banks will remain shut today (Saturday, June 27, 2026) as well. If you have any pending banking work, it's worth checking the holiday schedule before heading to your bank branch.

The Economic Times 27 Jun 2026 7:00 am

HDFC Bank legal review finds no basis for former part-time chairmans resignation claims

Three external law firms reviewed board records, meeting minutes, communications and interviews, concluding there was no evidence supporting Chakrabortys resignation concerns or claims

The Hindu Businessline 27 Jun 2026 12:16 am

Mahindra Finance shifts revenue mix as alternative segments grow to 8.76%

Income generated from other financial activities expanded significantly to fill the remaining 8.76% share, up from a baseline of 0.35% in the prior period

The Hindu Businessline 26 Jun 2026 8:54 pm

South Indian Bank eyes inflows of up to $1 billion via fresh FCNR (B) deposits

The sharp rise in interest rates on FCNR (B) deposits follows RBIs measures to bolster Dollar inflows, including by bearing the full hedging cost for fresh 35-year FCNR (B) deposits raised up to September-end 2026

The Hindu Businessline 26 Jun 2026 7:43 pm

The Latest Home Loan Interest Rates: Jun 26, 2026

The Latest Home Loan Interest Rates: Jun 26, 2026

The Hindu Businessline 26 Jun 2026 7:00 pm

The Latest Fixed Deposit Interest Rates: Jun 26, 2026

The Latest Fixed Deposit Interest Rates: Jun 26, 2026

The Hindu Businessline 26 Jun 2026 7:00 pm

MFI sectors portfolio quality is strengthening, liquidity is returning, says new chairperson of MFIN

Gyan Mohan noted that microfinance has transformed millions of lives by placing financial opportunity in the hands of those who need it most - particularly women and underserved communities

The Hindu Businessline 26 Jun 2026 6:35 pm

Passport service charges to rise by up to 139% from July 1, 2026: Check revised fees for fresh passports, renewals and tatkal services

Passport application fees are set to rise significantly from July 1, 2026. Both regular and Tatkaal applications for new passports, reissues, and replacements for lost or damaged documents will see substantial increases. Minor applicants and those seeking Police Clearance Certificates will also face higher charges. A separate fee structure is being introduced for services availed abroad.

The Economic Times 26 Jun 2026 4:41 pm

Gold falls Rs 15,000/10gm, silver slips Rs 45,000/kg in June 2026: Should you invest now or wait for further correction?

Gold and silver prices have seen significant drops in June, presenting a buying opportunity for new investors. Existing investors are advised against panic selling, with experts suggesting averaging down costs. The decline is attributed to the US Federal Reserve's hawkish stance and a strengthening dollar. Long-term investors can consider gradual accumulation, with ETFs and mutual funds recommended as preferred investment vehicles.

The Economic Times 26 Jun 2026 4:35 pm

Wealth wisdom of the day: 'The best way to measure your investing success is...' - A must read, powerful lesson for every investor

While chasing higher returns often feels thrilling and makes you feel like you are winning, following disciple with a proper plan in mind is more likely to yield better returns for you over the long run. Financial planning helps you keep track of how much and where your hard-earned money is going.

The Economic Times 26 Jun 2026 4:20 pm

Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened next

ITAT Mumbai found that full TDS credit has not been granted since assessees employer has deducted TDS but has not remitted the same to the revenue. Because of this, full TDS credit didnt reflect in her Form 26AS and so the Rs 3.91 lakh TDS credit claim was denied. Read on to know how the taxpayer won the case.

The Economic Times 26 Jun 2026 3:45 pm

GSTAT extended relaxed scrutiny guidelines for filing appeals till December 31, 2026; Know how this helps taxpayers

The Goods and Services Tax Appellate Tribunal (GSTAT) has extended its relaxed scrutiny guidelines for filing appeals until December 31, 2026. This move aims to prevent procedural technicalities from hindering substantive justice, allowing the registry to focus on significant defects rather than minor form-related issues. Taxpayers benefit from this taxpayer-friendly measure, ensuring smoother navigation of the digital appellate system while still needing to adhere to appeal filing deadlines.

The Economic Times 26 Jun 2026 2:28 pm

RBI issues final norms to expand credit derivatives market, allows wider CDS use

Resident Indian non-retail users can deploy instruments without any restrictions on purpose, while use of the same instruments by non-resident users for hedging purposes are limited

The Hindu Businessline 26 Jun 2026 2:03 pm

22k gold rate today: Check 24k, 22k, 20k, 18k gold prices (June 26, 2026) at IBJA, Malabar Gold & Diamonds, Tanishq, Joyalukkas and Kalyan Jewellers

Gold prices saw a slight uptick on Friday, June 26, 2026. Major retailers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also adjusted their 22K gold rates upwards. The IBJA did not release new rates due to a market holiday.

The Economic Times 26 Jun 2026 12:48 pm

Tata Motors ties up with UCO Bank for financing dealers

Tie-up will provide working capital support to authorised dealers of passenger and electric vehicles.

The Hindu Businessline 26 Jun 2026 12:08 pm

EPFO services interrupted from June 26-30: Check full list of services unavailable for five days

EPFO services, including its member and employer portals and the UMANG app, will be temporarily unavailable from June 26th to June 30th due to a scheduled system migration. This upgrade aims to enhance service speed, reliability, and security.

The Economic Times 26 Jun 2026 11:41 am

Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027

Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay it, under the old tax regime. This benefit, supported by a 1969 CBDT circular and expected to continue under the Income-tax Act, 2025, allows for dual deductions up to Rs 2 lakh for self-occupied properties.

The Economic Times 26 Jun 2026 10:56 am

RBI proposes wider access to Indian money markets in draft rules

RBI says NBFCs, including mortgage providers, to be allowed to trade in term money markets as borrowers, lenders

The Hindu Businessline 26 Jun 2026 10:43 am

Microcaps top 10-year returns chart, outshine midcaps and smallcaps

Over the last 10 years, microcaps delivered the highest returns, outperforming midcaps, small caps, and large caps. Here is a detailed breakup, as reported by ET Wealth.

The Economic Times 26 Jun 2026 10:39 am

Forged Will row: Buyer should not face criminal case for purchasing land on the basis of Will which police found to be forged; rules SC

The Supreme Court has shielded an innocent land buyer from criminal charges in a forged Will case. The buyer, unaware of the forgery, purchased 1.31 acres based on a fake Will. The court ruled that a bona fide purchaser, lacking knowledge of the fraud and not linked to the conspiracy, cannot be held criminally liable. Proceedings will continue against other accused.

The Economic Times 26 Jun 2026 10:36 am

Looking for regular income from mutual funds? These hybrid funds stood out over 3 years

Five conservative hybrid mutual funds delivered steady SWP returns over a three-year period, according to ET Wealth data as of June 17, 2026. SBI Magnum Childrens Benefit Fund led with 11.8%, followed by Parag Parikh Conservative Hybrid Fund at 10.9%. Other funds delivered returns between 9.3% and 10.1%.

The Economic Times 26 Jun 2026 9:26 am

Investing over Rs 43,000 monthly through SIPs? Heres what an expert recommends for 20-year investment journey

A financial expert reviews a Rs 43,500 monthly SIP portfolio built for a 20-year horizon and suggests minimal changes. The key recommendation is replacing one active midcap fund with a passive index fund while keeping existing allocations largely intact and using debt funds for short-term investment needs.

The Economic Times 26 Jun 2026 9:09 am

Do you lose your interest and deposit if you have multiple PPF accounts? Here's what the rules say

Discovering you have two Public Provident Fund accounts can be a common oversight, but it's crucial to address. Indian regulations strictly permit only one personal PPF account. Learn how to identify and regularize duplicate accounts, understand the implications for your deposits and interest, and what steps to take to avoid complications and preserve your hard-earned savings.

The Economic Times 26 Jun 2026 8:53 am

Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM dispute

Homebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exceeding three years. The tribunal emphasized that the MHADA-MCGM dispute predated the agreed possession date, making the builder liable for delays. Buyers are now entitled to a full refund with interest, reinforcing buyer rights under RERA.

The Economic Times 26 Jun 2026 7:49 am

Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this ground

A senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a significant delay, the Income Tax Appellate Tribunal (ITAT) in Chennai granted him full tax exemption, recognizing the compensation as tax-free under Section 10(10B). This ruling offers relief and highlights the possibility of rectifying tax errors.

The Economic Times 26 Jun 2026 7:11 am

Muharram bank holiday today: Are banks open or closed in your state today on June 26, 2026?

Bank holiday today: Banks across many states and union territories are closed today, June 26, 2026, for the observance of Muharram. This closure, coupled with the fourth Saturday and Sunday, means a three-day break for banking services in these regions. Customers needing to visit a bank will have to wait until Monday to conduct their transactions.

The Economic Times 26 Jun 2026 7:00 am

Hybrid SIFs lure wealthy investors with tax edge and stronger returns

Affluent investors are increasingly turning to newly launched hybrid specialised investment funds (SIFs) for their tax efficiency and better returns than traditional fixed-income options. These funds, blending debt, equity, and derivatives, have attracted significant assets, with hybrid strategies dominating. Their appeal lies in equity taxation benefits and lower volatility, offering attractive post-tax returns for wealthy individuals and family offices.

The Economic Times 26 Jun 2026 5:51 am

New criteria for identification of NBFC-UL: Ball now in RBI court whether Tata Sons stays private or gets listed

RBI had revised NBFC-upper layer criteria, fixed 1 lakh crore asset threshold

The Hindu Businessline 25 Jun 2026 7:25 pm

HDFC Mid Cap Fund asset crosses 1 lakh cr in 19 years

The scheme has generated a return of 17 per cent CAGR since inception, outperforming its benchmark return of 15%

The Hindu Businessline 25 Jun 2026 7:21 pm

Domestic SIPs power India's market resilience amidst FPI outflows: HDFC Securities

India is experiencing a pivotal shift in its financial markets as domestic investors take the lead over foreign entities, enduring a three-year trend of FPI sell-offs. This resilience results from a cultural embrace of SIPs for equity savings and a more sophisticated investor base. While global factors may still affect FPIs, the rising domestic wealth is now significantly influencing the market.

The Economic Times 25 Jun 2026 5:41 pm

8th Pay Commission fitment factor: Expert explains how fitment factor may reach 2.10; check salary hike calculation

Central government employees and pensioners are eagerly awaiting the 8th Pay Commission's report, with discussions around the crucial fitment factor intensifying. While some experts predict a factor around 2.0, others, like AINPS President Manjeet Singh Patel, suggest it could reach 2.10. Patel's calculations, considering DA, HRA, TA, and family unit counts, illustrate potential scenarios for increased payouts, sparking anticipation for the final government decision.

The Economic Times 25 Jun 2026 3:56 pm

These 5 smallcap mutual funds deliver over 25% annualised returns in 3 years. Check details

Five small-cap mutual funds delivered over 25% annualised returns in the last three years, led by Bandhan Small Cap Fund and ITI Small Cap Fund. Passive index funds and Invesco India Smallcap also performed strongly, while several large schemes lagged with mid-teen returns. Investors are advised to focus on the risk profile.

The Economic Times 25 Jun 2026 3:50 pm

Highest 1-year FD rates: Where will Rs 5 lakh grow the most in just one year?

Seeking stable returns? Fixed deposits offer a low-risk avenue for your savings. For a Rs 5 lakh investment in a one-year FD, explore top rates from public sector banks, private banks and small finance bank.

The Economic Times 25 Jun 2026 3:27 pm

HDFC Life reports 12% premium growth in FY26, retail protection business rises 43%

The company's profit after tax stood at 1,910 crore during the reporting year, while assets under management rose to 3.75 lakh crore and embedded value stood at 62,139 crore

The Hindu Businessline 25 Jun 2026 3:23 pm

Adding gold to portfolio can boost returns without significantly increasing risk: WhiteOak study

A WhiteOak Capital study highlights the benefits of a multi-asset strategy, showing that combining equity, debt and gold can improve risk-adjusted returns. The analysis suggests that adding gold reduces portfolio volatility due to its negative correlation with equities, supporting better diversification across market cycles.

The Economic Times 25 Jun 2026 2:47 pm

Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations to explain how this works

As per the latest RBI guidelines, if you have lodged a complaint for the fraudulent transaction within 5 calendar days, you shall be compensated the lower of 85% of the net loss amount or Rs 25,000. These rules will come into effect from January 2027, and apply in cases of electronic banking transactions undertaken by customers on or after January 1, 2027.

The Economic Times 25 Jun 2026 2:27 pm

Top 10 mutual funds to invest through SIP with investment horizon of 5 years. Check details

Top SIP mutual fund performers over five years show strong wealth creation potential, with gold, infrastructure, midcap, and smallcap funds delivering XIRR up to 53%. However, investment decisions should consider risk profile, horizon, and financial goals.

The Economic Times 25 Jun 2026 2:18 pm

Planning a Rs 7 crore corpus in 12 years? Expert recommends active funds over index funds

An investor's query about active versus passive funds for long-term goals received expert advice. While index funds offer low costs, active management in India presents opportunities for outperformance due to information inefficiencies. A 10% annual SIP step-up is recommended to reach a Rs 7 crore corpus. The expert suggested replacing an index fund with a focused actively managed fund for better diversification and potential returns.

The Economic Times 25 Jun 2026 1:48 pm

EPFO user alert! Claim submission, processing unavailable from June 26-28; UMANG services also affected

EPFO's online portal will be inaccessible for claim submissions and processing from June 26th to June 28th, 2026, due to a planned technology upgrade. Services on the Umang app will also be unavailable until July 2nd. This temporary shutdown aims to enhance service delivery and user experience.

The Economic Times 25 Jun 2026 1:27 pm

Affordable housing finance firms likely to regain growth in FY27, but macro risks loom: Kotak

Affordable housing finance companies are poised for a growth rebound from FY27, according to Kotak Institutional Securities. After a subdued period due to lending slowdowns and competition, industry trends are already showing improvement. Disbursement growth accelerated in the latter half of FY26, with managements expressing optimism. While healthy growth is expected in early FY27, macroeconomic factors like monsoon, inflation, and interest rates will shape the latter half of the year.

The Economic Times 25 Jun 2026 1:02 pm

ESAF SFB shift focus to secured lending after crossing 50,000-crore biz

Our focus now is not merely on scale, but on sustainable and profitable growth, said George K John, Executive Director, ESAF Small Finance Bank

The Hindu Businessline 25 Jun 2026 12:12 pm

Gold rate today (June 25, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Joyalukkas, Malabar Gold & Diamonds, Tanishq & IBJA in Delhi, Mumbai, Hyderabad, other cities

Gold prices and silver prices continued their descent on Thursday, June 25, 2026, offering a welcome respite for buyers after recent surges. IBJS 22k gold and leading jewelers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas have all reported lower rates for 22K gold across major cities.

The Economic Times 25 Jun 2026 11:46 am

Silver, gold ETFs tumble up to 8% as strong dollar and rate hike fears weigh on prices. What should investors do?

Silver and gold ETFs plunged up to 8% on Thursday as precious metal prices extended losses for a second straight session on the MCX. The decline was driven by a stronger US dollar and rising expectations of US Federal Reserve rate hikes later this year. Silver ETFs led losses, with Tata Silver ETF falling the most, followed by broad-based declines across funds.

The Economic Times 25 Jun 2026 10:32 am

MF Tracker: How Edelweiss Large Cap Fund logged positive returns in last 10 calendar years

Edelweiss Large Cap Fund has achieved a remarkable decade of positive returns, never dipping into negative territory. This consistency is attributed to its FACTOR investment strategy, emphasizing active risk management and a quality-focused stock selection process. While it has underperformed benchmarks in shorter periods, its long-term performance and strategic sector allocations, particularly in financial services and healthcare, highlight its resilience.

The Economic Times 25 Jun 2026 10:25 am

Best medium to long duration funds to invest in June 2026

Conservative investors are steered towards safer, short-term debt funds, often overlooking medium to long duration options due to their inherent interest rate sensitivity. These longer-term funds, while potentially rewarding in falling rate environments, carry significant volatility and risk when rates rise. Advisors caution that predicting interest rate movements is challenging, making timing entry and exit crucial for those with a higher risk appetite and long investment horizon.

The Economic Times 25 Jun 2026 9:19 am

Bitcoin breaks below $60,000 again as biggest crypto buyers balk

The cryptocurrency fell through a closely watched support level on Wednesday as investors grappled with growing concerns about Michael Saylors financing machine at Strategy Inc

The Hindu Businessline 25 Jun 2026 9:11 am

Rs 1.54 crore retirement corpus through PPF: How many years will it take if you invest Rs 1.5 lakh a year?

Aspiring to build a substantial retirement fund? The Public Provident Fund (PPF) offers a compelling avenue for low-risk investors. By consistently investing the maximum annual limit of Rs 1.5 lakh, individuals starting at age 30 can amass an impressive by age 60.

The Economic Times 25 Jun 2026 8:01 am

Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27

Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared income and deductions, then divide it to deduct tax monthly. This ensures smooth tax collection throughout the year. The article details TDS calculations for CTCs of Rs 15, 20, and 25 lakh under both old and new tax regimes, offering insights for salaried individuals.

The Economic Times 25 Jun 2026 7:01 am

How much health insurance cover do you need? Heres the ideal cover for 10 lakh, 20 lakh, 30 lakh, and 50 lakh annual income as per experts

Soaring medical costs, with surgery expenses up 250-300%, necessitate robust health insurance. Experts advise a minimum of Rs 10-15 lakh for individuals and Rs 15-25 lakh for families, with higher coverage for metro residents and seniors. Pairing a base policy with a super top-up plan offers cost-effective protection against escalating healthcare expenses.

The Economic Times 25 Jun 2026 6:30 am

No Respite for Tata Sons as RBI tightens NBFC-UL norms, listing pressure mounts

Any NBFC crossing the 1 lakh crore asset mark is automatically classified as an upper-layer entity, eliminating earlier discretion provided under a parametric scoring system

The Hindu Businessline 24 Jun 2026 10:00 pm

RBI finalises 1 lakh cr & above as asset size criteria for classifying a NBFC in Upper Layer

Tata Sons may be required to go for listing

The Hindu Businessline 24 Jun 2026 9:54 pm

RBI enhances customer protection for electronic banking transactions

Banks asked to put in place a mechanism for compensation of up to 25,000 for small value fraudulent e-banking transactions, mandatorily send instant SMS alerts to its customers and provide 24x7 access through various channels for reporting of fraudulent transactions

The Hindu Businessline 24 Jun 2026 9:26 pm

G-Secs rally on RBI Governors rate hike comments; Brent crude oil price fall also lends support

Rupee closes 7 paise higher at 94.6650 per dollar

The Hindu Businessline 24 Jun 2026 9:17 pm

Supra Pacific Financial Services targets 500-branch expansion and 2,500 crore asset base

The NBFC will strengthen its presence in states including Gujarat, Delhi, Rajasthan, Odisha and Telangana, while expanding deeper into southern and western markets.

The Hindu Businessline 24 Jun 2026 7:21 pm

FundsIndia raises 44.6 crore by closing maiden secured NCD issuance

The firm plans to use the funds to strengthen its technology and platform capabilities, and expanding the range of investment products

The Hindu Businessline 24 Jun 2026 7:03 pm

London court orders Nirav Modi to pay 100 cr to Bank of India

London Circuit Commercial Court ordered him to pay more than $ 10.7 million to BOI for defaulting a loan given to a Dubai-based company promoted by him

The Hindu Businessline 24 Jun 2026 6:38 pm

Belong reports 2x jump in investment inflows as NRIs boost India allocation via GIFT City

More NRIs are approaching India as an investment destination, says Ankur Choudhary, Co-Founder and CEO of Belong

The Hindu Businessline 24 Jun 2026 6:35 pm

Income tax dept identifies up to 20,000 cases of individuals who used the swapped provisions trick to reduce net tax liability; Know what to do now to fix this

The Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax liability. This involves manipulating claims like House Rent Allowance (HRA) for undue benefits. Taxpayers who engaged in this practice are advised to voluntarily pay the correct tax and interest, or seek condonation from the department to avoid penalties and potential legal action.

The Economic Times 24 Jun 2026 5:57 pm

India's asset wealth management AUM projected to reach US$ 1.7 trillion by 2030: PwC report

Indias asset and wealth management industry is projected to reach US$1.7 trillion in AUM by 2030, driven by rising retail participation, growing institutional pools and expanding digital financial infrastructure, according to a PwC report.

The Economic Times 24 Jun 2026 5:02 pm

NFO Update: Ionic Asset announces launch of Global Asset Allocation Fund

Ionic Asset has launched the Global Asset Allocation Fund, a GIFT City-based, privately placed offering aimed at sophisticated investors, HNIs and UHNIs. The fund seeks to provide geography-agnostic multi-asset exposure through a mix of global equities, commodities and REITs, with allocations designed to capture long-term structural opportunities across markets and themes.

The Economic Times 24 Jun 2026 4:56 pm

PNB MetLife settles 99.81% of individual claims in FY26, pays out over 1,029 crore

PNB MetLife pays out 526.62 crore across 6,188 individual claims and 502.69 crore across 6,868 group claims during year

The Hindu Businessline 24 Jun 2026 4:52 pm

One balance, many markets: Binance and the making of a finance super app

Binance is revolutionizing investing by consolidating crypto, stocks, and commodities into a single platform, mirroring Asia's 'super app' model. This move, particularly impactful in emerging markets, offers unprecedented access to global equities and pre-IPO opportunities. Fractional ownership and stablecoin settlements are breaking down traditional barriers, making diversified portfolios accessible via smartphones and promising to channel trillions into equity markets.

The Economic Times 24 Jun 2026 4:12 pm

Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to know

Taxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's technical glitches and delayed form releases, this year's process has been smooth, with utilities available on time. Experts advise against banking on an extension and urge prompt filing within the stipulated dates. Various deadlines exist for different taxpayer categories.

The Economic Times 24 Jun 2026 3:59 pm

Post office customers can now do paperless transactions at branch offices with Aadhaar e-KYC

The Department of Posts has introduced Aadhaar-based e-KYC at Branch Post Offices, enabling eligible Post Office Savings Account, RD and SSY customers to make paperless deposits up to Rs 50,000 and savings account withdrawals up to Rs 20,000. Aadhaar-authenticated transactions can now be done at any branch, while mobile-linked accounts become mandatory from September 1, 2026.

The Economic Times 24 Jun 2026 3:53 pm

No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26

Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. If delayed, taxpayers can use salary slips, bank statements, and crucial documents like AIS and Form 26AS to verify income and tax details. These online statements, accessible via the Income Tax portal, are vital for accurate filing and ensuring TDS credit.

The Economic Times 24 Jun 2026 3:21 pm

Slower deposit growth does not constrain banks from lending; they have sufficient capital: RBI Guv Malhotra

Banks are constrained for credit only when they do not have sufficient capital and we (banks) have sufficient capital, the RBI Governor said

The Hindu Businessline 24 Jun 2026 3:02 pm