33 C 
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
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
A large part of Niva Bupas focus is attracting young customers, says Deputy CEO Ankur Kharbanda
Kharbanda emphasised the companys aim to diversify and strengthen their distribution further in India
RBIs concessional swap facility attracts $20.72 billion in forex inflows
Introduced to boost capital inflows and strengthen Indias external sector, the RBIs swap facility remains open until September 30 for FCNR(B) deposits and December 31 for OFCBs and ECBs
Scapia announces 20 crore ESOP buyback for employees
The move follows Scapias recent $63 million fundraise and underscores its focus on rewarding employees while expanding its AI-driven travel platform
Karnataka Bank appoints Aruna Shyam as Additional Director
Aruna Shyam is a postgraduate in Business Law and holds a doctorate in Law
UIDAI new Aadhaar app: How to lock or unlock Aadhaar fingerprint and iris
HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to nineteen times their initial deposit amount. The potential for amplified returns arises from the spread between deposit earnings and borrowing costs. However, this leverage strategy carries risks if borrowing costs exceed deposit interest rates. FCNR(B) deposits also offer protection against Indian Rupee depreciation for investors.
Indian Overseas Bank Q1 profit surges 49% to 1,659 cr
Total income rose to 10,938 crore during the April-June period from 8,866.47 crore a year earlier, the bank said in a stock exchange filing
IL&FS Group repays 50,387-crore debt by June 2026, achieves 82.6% of resolution target
IL&FS trimming debt through asset resolution, interim distribution, including cash & InviT units, among others
New-to-credit borrowers now opting for personal loans, especially the phone financing category, says the TransUnion CIBIL head
Gold rate: Gold rates remained largely steady across major Indian jewelry brands today. Find the latest 24k, 22k, 20k, 18k and 14k gold and 999-purity silver jewellery indicative rates provided by the India Bullion and Jewellers Association (IBJA) today.
Central government employees anticipate significant salary raises from pay commissions. However, gross salary increases may lag behind basic pay hikes. This difference arises from various allowances that do not always scale proportionally. Historical data shows gross salary hikes have been lower than basic pay increases. The 8th Pay Commission's projections suggest similar trends for future salary revisions.
EPF interest rate: 8.25% interest credited? Here's how to check your PF balance
ITR filing 2026: Step-by-step guide to filing ITR-1 for AY 2026-27 before the July 31 deadline
Students, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, 2026. This simplified form is for resident individuals with income up to fifty lakh rupees. It covers income from salary, one house property, and other specified sources. Taxpayers must log in to the e-filing portal and follow the guided steps.
The Latest Home Loan Interest Rates: Jul 20, 2026
The Latest Home Loan Interest Rates: Jul 20, 2026
Anicut Capital kicks off 3,000 crore fundraise across four new funds
Speaking to businessline, IAS Balamurugan, Managing Partner & Co-founder of Anicut Capital said, among the news funds three are equity-focused while one is a private credit fund
7 big income tax changes for 2026-27 that may reduce penalties for small mistakes
New income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from October 2024. Prosecution provisions are softened with reduced jail terms and graded punishments. Several penalties are converted into fixed fees to reduce litigation and bring certainty. Penalty proceedings will merge with assessment proceedings from April 2026.
Bitcoin ETFs log second week of inflows, breaking two-month rout
The reversal, combined with flows into ETFs tied to Ether, the second-largest cryptocurrency, could signal positive sentiment returning to the market
The Reserve Bank of India has set the premature redemption price for SGB 2021-22 Series-IV. Investors can redeem these bonds prematurely from July 20, 2026, after five years. Tax rules apply to capital gains on premature redemption of these bonds.
Taxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individuals and HUFs with income up to fifty lakh rupees. However, certain conditions like foreign income or losses necessitate filing ITR-3. Essential documents include PAN, Aadhaar, bank details, and tax payment proofs. Ensuring an active PAN and validated bank account is crucial for filing.
Under the new labour code, employers must pay salaries by the seventh day of the following month. Daily wage workers must be paid at the end of each workday. Employees who leave a job are entitled to receive their final dues within two working days. The code applies to all employees, regardless of salary, and introduces the role of an inspector-cum-facilitator to help resolve wage-related complaints and claims.
Largecap mutual funds' cash holdings fell to a one-year low of 2.2% in June, reflecting higher equity deployment and fund managers' confidence in select opportunities. Experts caution this is not a buy signal, advising investors to continue SIPs and focus on long-term goals, as lower cash may increase volatility during market corrections.
Q1 Results Today, 20th July 2026 Live Updates:
IDBI Bank divestment unjust to SC/ST/OBC staff cause: Former Secretary EAS Sarma
I hope that good sense will prevail on the Finance Ministry, and the government will drop the proposal once for all, says former secretary to government
Can hybrid SIFs bridge the risk-return gap?
Hybrid long-short funds rival debt, arbitrage and hybrid funds, but look beyond the label.
NSE IPO: Was buying its unlisted shares worth it?
As NSE and Jio Platforms head for blockbuster IPOs, ET Wealth speaks to five early investors. Their journeys reveal the rewardsand the risks.
Should NRIs buy insurance plans from GIFT City?
Global exposure, including oil & gold ETFs, and hedge against rupee depreciation are key draws of GIFT City ULIPs; but the market is nascent and experts caution against mixing insurance with investments.
EPF Scheme 2026: New PF rules you must know
Key features such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceilingremain unchanged, but the formalisation of revised provisions will trigger new operational obligations.
ITR filing: Capital gains reporting mistakes to avoid
Report even exempt equity gains under Section 112A, and file losses on time to carry them forward.
Portfolio allocation: Defensives lead in 2026
The ideal mix depends on each investors financial goals, risk appetite and time horizon, making asset allocation unique to every individual. In this weeks TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable return boost in recent years. By Sameer Bhardwaj.
The Delhi High Court has canceled a government tender for passport and visa services abroad. This decision came after losing bidders argued the selection process lacked fairness. Authorities must now seek fresh bids for services in four countries. Passport and visa services in Australia have already been suspended due to this dispute. The government has appealed the High Court's ruling to the Supreme Court.
Iran war, monsoon key risks to Indian economy: RBI
Elevated inflation persists due to West Asian tensions and a weak monsoon outlook. The Reserve Bank of India maintains its policy rate, diverging from global peers. Governor Malhotra stated that domestic inflation pass-through has remained limited so far. India's economic fundamentals remain strong despite geopolitical uncertainties and growth forecasts. Policymakers will monitor inflationary pressures before considering any monetary policy adjustments.
