29 C 
RBI overhauls framework for Banks for handling loans affected by natural disasters
A natural calamity is as any event recognized under official disaster relief frameworks such as the National or State Disaster Response Funds.
Subrat Mohanty reappointed as Axis Bank ED; RBI clears three-year extension
His new term will run from August 17, 2026, to August 16, 2029
Bajaj Finance reports 23% increase in standalone net profit at 4,839.5 cr
Vice-Chaiman & Managing Director Rajeev Jain has expressed his willingness to step down from the Company
Mohandas Pai and Vikas Khemani back Bakhshi
The central bank may turn more aggressive in the market if the rupee breaches the psychologically crucial 95 mark
Indian Bank net rises 11 per cent y-o-y in FY26 on growth in core business
Binod Kumar, MD and CEO, Indian Bank, told mediapersons in an interaction that the public sector lender has exceeded guidance for FY26 on all operational parameters
Dubai has removed the minimum property purchase value for sole owners seeking a two-year real estate investor residency visa. For jointly owned properties, each investor now needs a minimum share of Dirham 4 lakh. This change significantly eases previous requirements for property investors.
8th Pay Commission implementation date: Salary hike, OPS demand, arrears calculation explained
The 8th Pay Commission has extended the deadline for memorandum submission to May 31, 2026, a month after the NC-JCM requested the extension. While the new date accommodates many employee and pensioner groups, the commission will only accept online submissions via a specified link, rejecting all physical copies, PDFs, and emails.
Indian Bank Q4 profit rises 5% to Rs 3,103 crore on lower NPAs
For the full year, the bank posted an 11% rise in profit to Rs 12,156 crore, along with higher income and improved margins
ICICI Bank now allows users to authorize UPI payments up to Rs 5,000 using fingerprint or face recognition on its iMobile app. This feature eliminates the need for a UPI PIN for smaller transactions, enhancing speed and security. The biometric option is available on the latest app versions for Android and iOS.
Planning your investments now? Heres how these 6 mutual fund calculators can help
Mutual fund calculators help investors estimate returns, plan investments, and achieve financial goals through tools like SIP, step-up SIP, SWP, lumpsum, and index calculators. They simplify decisions, improve clarity on growth, and enable disciplined, goal-based financial planning with realistic assumptions.
IOBs net profit crosses 5,000-crore mark in FY26
Profit surges 56% on lower provisions and stronger credit growth
According to the report, growth projections for the US economy have been revised downward
Vested Finance has transitioned to the IFSCA GAP framework, enabling Indian investors to access US stocks through GIFT City. This move introduces an Indian regulatory layer, ensuring client fund segregation and structured onboarding, enhancing safety and clarity for cross-border investing.
Sukanya Samriddhi account interest rate 2026: Has SSA rate changed for AprilJune quarter?
City Union Bank will continue focus on trust, customer service, and ease of banking, says new MD
We are not looking to bring in any drastic changes to a system that has seen robust growth over the last 15 years, said Vijay Anandh, the incoming MD and CEO of City Union Bank
Gold prices experienced a dip on April 29, 2026, as per rates updated by major jewellery brands like Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds. Retail gold rates on IBJA also showed a minor decline, reflecting global market influences on precious metal prices.
Planning to invest lumpsum for 5 years? Here are top 5 mutual funds that lead the chart
Avoid EPF claim rejection by updating your KYC online through UAN; Follow this 5-step process
Members no longer need to fill any lengthy physical forms, or pay an office visit anymore. All they need to update EPF KYC online is their Aadhaar details and internet. Heres a look at a simple step-by-step guide for updating EPF KYC online and avoiding claim rejection.
FCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the Act. Once the individual becomes a resident and Ordinarily Resident (ROR), the FCNR interest becomes taxable in India from that date, even if the deposit was opened earlier, Sehgal explains.
Groww Banking & Financial Services and 4 other banking sector funds had cash allocation up to 9%
Banking sector mutual funds held up to 9% of their assets in cash as of March 31, 2026, signalling a cautious stance amid market conditions. Groww Banking & Financial Services Fund topped the list, followed by Taurus, LIC MF, Baroda BNP Paribas, and Mahindra Manulife funds with notable cash allocations.
UAE OPEC exit signals de-dollarisation, positive for India's Oil for rupee: Kotak Securities
Impact hinges on Hormuz supply normalisation, says Anindya Banerjee
Edelweiss Mid Cap Fund among 13 equity mutual funds to offer over 20% CAGR in 3 and 5 years
A recent analysis revealed that thirteen equity mutual funds have delivered over 20% CAGR in both the last three and five years. Among these top performers, seven were midcap funds, four were smallcap funds, one was a multicap fund, and one was a large and midcap fund. These funds represent strong historical performance in the Indian mutual fund market.
Central government employees' representatives met with the 8th Pay Commission, requesting a deadline extension for memorandum submissions to May 31, 2026. Key discussions included the revival of the Old Pension Scheme and proposals for separate meeting times for various employee bodies. The NC-JCM also urged the commission to visit industries like Railways and Defence to assess working conditions.
Lok Adalat in Noida on May 9: Settle traffic challans & cases quickly; heres how
A Lok Adalat will be held at Surajpur Court in Noida on May 9, 2026. This event offers a chance to quickly settle pending UP police traffic challans and various other cases. Citizens can resolve matters like motor accident claims, matrimonial disputes, and civil cases through mutual consent.
Paytm's approach with Paytm Payments Bank secures core business growth, profitability
Post the regulator's action in 2024, Paytm transitioned to a multi-bank model for its UPI services, partnering with leading banks to ensure uninterrupted payments for its users
ICICI Prudential Mutual Fund announces change in fund management of two funds
ICICI Prudential Mutual Fund has announced changes in fund managers for two schemes effective May 1, with S Naren exiting both. The Passive Multi Asset FoF and Global Advantage FoF will see revised management structures. The update comes amid ongoing reshuffles within the fund houses portfolio management teams.
Targeting 14% CAGR with mutual funds? Heres how to fix your portfolio & boost outcomes
A 33-year-old investor's ambitious 14% CAGR target with mutual funds was deemed unrealistic by a financial planner. The expert advised aligning expectations with historical equity returns of 11-13% and suggested consolidating the portfolio for better impact and avoiding over-diversification.
Fake job listings on the rise; 3 smart ways to spot ghost hiring
Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27
Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clarifies interest computation for past tax years and allows tax refunds to be set off against demands under either the old or new Income Tax Acts, simplifying processes for taxpayers.
Best medium to long duration funds to invest in April 2026
According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky.
Bank holidays in May 2026: Check full list of state-wise bank holidays
May Bank holidays: May 2026 will see numerous state-specific bank holidays across India, impacting operations on various dates. Key closures include Maharashtra Din, Buddha Pournima, May Day, and several birth anniversaries, culminating in Eid-UI-Adha.
After a pay raise, how much more should you put into SIPs?
Following a salary hike, investors face the question of increasing monthly SIP contributions. Financial planners advise annual increases to combat inflation and align savings with rising income and goals. Automating these increases via step-up SIPs or top-ups is an option, though manual reviews are also recommended to adapt to real-world financial changes.
JPMorgan CEO flags risk of sharper private credit downturn
While noting that the $1.8 trillion private credit market may not pose systemic risks, Dimon flagged concerns about potential stress for some firms and banks
Dhanlaxmi Bank post 43.49 crore net profit in Q4 FY26
The net profit for the whole FY26 was 102.75 crore compared to 66.64 crore; Operating profit for the period was 216.28 crore against profit of 95.10 crore in the last financial year
Punjab & Sind Bank plans to raise 3,000 crore through stake sale
The board has given approval for fund mobilisation of 10,000 crore through various instruments
Bank of Baroda launches Indian Sign Language support through video calls
The public sector bank said the ISL service is available across five key customer touch points: website, mobile banking app, WhatsApp Banking, Phygital Branches, and ADI (GenAI-powered chatbot)
RBI launches capacity-building training initiative for UCB
The Mission is expected to enhance managerial and operational capabilities, improve the compliance culture, and strengthen institutional resilience across UCBs, per a RBI statement.
Bandhan Bank Q4 net up 68% at 534 crore on lower provisions
The Kolkata-headquartered banks net profit for the fourth quarter of FY25 stood at Rs 317.90 crore
SC upholds SBI-led banks as financial creditors in Reliance Infratel case
The Apex court set aside earlier rulings by the National Company Law Tribunal and National Company Law Appellate Tribunal, reaffirming that guarantee liabilities are enforceable even if not disclosed or improperly stamped
Punjab & Sind Bank plans 3,000-cr share sale this fiscal
Currently, the government of India holds a 93.85 per cent stake in Punjab & Sind Bank
Gold prices saw a dip on April 27, 2026. Leading jewellery brands like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds reported lower rates. The India Bullion and Jewellers Association also confirmed the decline. Consumers can check updated rates for 18k, 22k, and 24k gold across major cities. This offers a potential buying opportunity for gold enthusiasts.
Indian fintech funding holds steady at $513 million in Q1 2026; deal volume halves
Total funding saw a marginal 2% increase from $503 million in Q1 2025, though it declined 9% sequentially from $562 million in Q4 2025
8th Pay Commission Delhi meetings: Key demands, timeline & expected salary hike explained
Bandhan Small Cap Fund, 6 others deliver over 20% CAGR since inception. Should you bet?
Bandhan Small Cap Fund has delivered the highest CAGR since its inception on February 25, 2020. The fund generated a CAGR of 28.79% and managed AUM of Rs 20,129 crore as of March 2026.
ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deducting TDS), which has been credited to my salary account. If I gift this amount to my wife and she puts it in a fixed deposit, will the interest earned be taxed in my hands or hers?
HSBC Mutual Fund announces launch of its SIF platform, RedHex
HSBC Mutual Fund introduces RedHex SIF, a new specialized investment fund in India. This offering provides investors with focused strategies and portfolio flexibility. It operates within the familiar mutual fund structure, emphasizing transparency and governance. RedHex SIF targets experienced, institutional, and HNI investors with a minimum investment of Rs 10 lakh.
Silver outperforms gold, equity, and bonds over 10 years. Heres how
Over the past decade, silver has outshone gold, equities, bonds, and real estate to become the best-performing asset class, driven by strong long-term returns and favourable supply-demand dynamics.
Rising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an add-on to existing insurance. A detailed comparison of plans from Care, HDFC Ergo, Aditya Birla, ICICI Lombard, and Niva Bupa helps policyholders choose the best fit for their needs and budget.
Staying late at work? Heres what Indias new labour laws say about overtime pay
Flipkart, Axis Bank and PayU launch biometric card payments, ditching OTPs
The feature is currently live for Axis Bank cardholders on supporting Android and iOS devices
Holding 15 mutual funds? Heres how to cut overlap and reach Rs 2 crore goal
Investors often over-diversify with too many mutual funds, leading to duplication and management issues. A viewer's portfolio of 15 funds was analyzed, revealing significant overlap. Experts recommend reducing to 5-6 high-quality schemes aligned with goals and risk, while also addressing the corpus shortfall.
Credit cards for NRIs and H-1B workers: Check features, fees, documents required and benefits
Non-resident Indians can now get credit cards in India. These cards offer benefits for spending both in India and abroad. Several banks like ICICI, IDFC FIRST, Kotak, and Axis Bank provide options. Features include reward points, lounge access, and waivers on fuel and foreign transactions. Applicants need to provide specific documents for approval.
SEBI bars Ashok Maheshwari, 7 others in front-running case
Orders 1.29 crore unlawful gains to be disgorged along with total penalties of 1.52 crore
Short sellers' bets on life insurance stocks soar as private credit concerns grow
Hedge funds ramp up positions on fears over opaque lending exposure and lack of transparency
When will your mutual fund investment become 4x? This rule has the answer
Rule 144 is simply 2 Rule 72. Just as Rule 72 estimates doubling time, Rule 144 estimates quadrupling time.
Stop loan fraud in your name: Credit freeze can protect your money and score
Fund finance market reaches $1 trillion driven by private credit, Moody's says
Private credit funds have also become key players both as borrower and lender in net asset value (NAV) loans, which are backed by a fund's underlying investments, Moody's noted
Tax saving investments in India: 7 things you need to know
The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-I. Investors can redeem these bonds from April 28, 2026. The redemption price is fixed at Rs 15,124 per unit. This offers investors a substantial return of nearly 230% on their initial investment, excluding interest.
Can you apply for credit card without income proof?
While income proof is often perceived as mandatory for credit cards in India, it's not always the case. Banks consider various factors beyond salary, including credit score and repayment history. Secured credit cards against fixed deposits offer an accessible route for those without traditional income proof, enabling them to build a credit profile.
Can you be forced to work on holidays? New labour law rules explained
Bosses often pressure employees to work on off-days for targets, but Indian labour laws protect your right to rest. Employees generally cannot be forced to work on Sundays or public holidays without consent or compensation. Documenting such requests is crucial for enforcing your rights and seeking compensation.
REITs, InvITs beat equities and debt in a six-year span
Alternative assets like REITs and InvITs have surpassed traditional investments. These instruments offer attractive returns and tax efficiency. Investors are increasingly drawn to these assets for predictable cash flows. The market cap of these listed entities provides ample diversification opportunities. Investors can anticipate strong internal rates of return over a four-year holding period.
RBI sets 6-month deadline to classify wilful defaulters after NPA tag
The amended guidelines, effective from April 1, 2027, aim to strengthen credit discipline and accountability
Credit card issuers can report accounts as past due only after three days of non-payment: RBI
A past due loan is a debt such as an EMI or mortgage, that has not been paid by its scheduled due date, which is usually 15-25 days after the credit card spend statement is generate
City Union Bank reports 25% profit rise in Q4FY26, approves bonus issue
Net profit for the fiscal year 2026 (FY26) was Rs 1326 crore, an 18% jump compared to Rs 1124 crore in FY25. At Rs 2,830 crore, net interest income registered a 22% jump
Punjab & Sind Bank reported 30% rise in net profit for FY26 to 1,322 cr
Bank board has recommended final dividend of 3.90% or 39 paise per equity share of 10 each for FY26
RBI to introduce ECL provisioning framework for banks and FIs from April 1, 2027
ECL approach requires pro-active provisioning rather than waiting for an asset to turn non-performing.
Karur Vysya Bank opens new branch in Thirupuvanam, expands Tamil Nadu presence
Strategically located near key agricultural and industrial hubs, the branch is expected to improve access to banking services and contribute to regional economic growth
Piramal Finance posts 1,506 crore PAT in FY26, AUM crosses 1 lakh crore
The full-year results were partly boosted by exceptional items totalling 1,509 crore
AU Small Finance Bank posts 65% jump in Q4 profit; files for universal bank licence
Net interest income for the March quarter grew 23 per cent year-on-year to 2,582 crore, while net interest margin expanded 24 basis points sequentially to 5.96 per cent
Tamilnad Mercantile Bank Q4 PAT rises 28%, dividend declared
At 61,712 Cr, deposits grew 15 per cent YoY in FY26, and at 53,379 Cr, advances saw a robust 20 per cent YoY growth
Nippon India MF posts 29% profit jump in Q4 FY26, AUM crosses 7.73 trillion
The company declared a total dividend of 21.50 per share for FY26, distributing approximately 91.5% of standalone earnings to shareholders
Acko plans $250 mn IPO, taps confidential route
Acko is aiming for a valuation of $22.5 billion (around 18,80023,500 crore)
Health insurance coverage has grown significantly in India. However, patients continue to pay most hospitalisation bills themselves. Rural patients spent about 95% of costs from their own pockets. Urban patients also paid a large portion. Hospitalisation costs have nearly doubled. The number of hospitalisations per 1,000 people remains steady.
RBI finalises expected credit loss rules, to be implemented from April 1, 2027
. Assets will be classified into three stages depending on risk levels, with provisions ranging from 12-month to lifetime expected losses.
Monarch Networth Capitals debut PMS hits 100 crore, beats benchmark by 15 percentage points
Monarch Networth Capital has now set a target of reaching 500 crore in PMS assets under management within the next two months
RBI okays MobiKwiks application for floating an NBFC
RBI approves MobiKwiks NBFC licence, enabling new lending services aimed at enhancing financial inclusion across India
Gold prices edged up on April 27, 2026, across major Indian jewellers. Geopolitical factors like US-Iran tensions and a strong US dollar influenced the yellow metal's rates. Treasury yields also played a role in the price movement. Analysts suggest gold may remain rangebound without a significant geopolitical development. Jewellery brands like Tanishq and Kalyan Jewellers reported slight price adjustments.
Global gold demand as ETF inflows and bar and coin buying surged, shifting consumption away from jewellery. Rising prices curbed discretionary purchases, while investment demand strengthened globally and in India amid geopolitical uncertainty, diversification needs, and sustained central bank accumulation.
Loan recovery delays, legal hurdles slowing banking system: CII report
The report flags slow resolution of bad loans and procedural bottlenecks as key challenges, calling for stricter timelines and stronger institutional capacity to support the sector
EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per night
A joint report by EY and FICCI suggests lowering the GST on luxury hotel rooms to 9%. This move aims to make India a more competitive tourist destination. The report highlights that current taxes and costs make India appear expensive compared to countries like Thailand. Reducing the tax could attract more international visitors and boost the tourism sector.
Kochi to host bank pensioners and retirees confederation meet on April 28 and 29
The Confederation leaders said at a press meet that the banking sector remains the only sector where the pension scheme introduced 30 years ago has not undergone any revision
Despite a challenging FY26, marked by volatility and weak benchmark returns, eleven mutual funds across categories consistently outperformed, delivering superior risk-adjusted returns and showcasing resilience through changing market conditions and trends.
Tata AIA rolls out unit-linked plan combining critical illness cover with investment growth
The plan allows policyholders to build a dedicated health fund over time while earning market-linked returns
SBI Card Q4 profit up 14% to 609 cr
Total income improved to 5,187 crore from 4,832 crore in the year-ago period
Nearly 30,000 Railway jobs to be surrendered, redistributed: Who will be impacted?
Railway Board writes that the zone-wise annual MoU targets for manpower rationalisation (redistribution+surrender) Key Performance Indicators (KPIs) for the year 202627 have been conveyed to the Efficiency and Research (E&R) Directorate for inclusion in annual performance agreements (MoUs).
Federation of National Postal Organisations's (FNPO) memorandum included issues related to postal assistants, sorting assistants, postmen, mail guards, civil wing, admin offices, accounts, marketing executives, systems administrators, development officers (PLI), among others. Here are the key demands of FNPO from the 8th Pay Commission.
