19 C 
Suryoday SFB PAT more than doubles in Q2 FY27
The companys other incomes which include fees and investments increased 58.4 per cent% to 126.5 crore in the quarter ended September 2026, from 79.8 crore
Fino Payments Bank reports net loss of 20.9 crore in Q2FY27
Other income declined 24 per cent y-o-y to Rs 259 crore against Rs 340 crore in the year ago quarter
Star Health CFO Nilesh Kambli says insurance distribution rule changes not to cause much disruption
Many group health insurance businesses may shift to retail on the bancassurance channel if the proposed changes take effect in their current form, Kambli says
Bitcoin strengthens hold on Indias crypto market amid global volatility
Bitcoins share of total crypto spot-trading volume on CoinSwitch more than doubles to 16.7% in H1 2026 from 7.6% in H1 2025
Chola targets 20-23% AUM growth in FY27, plans 5,000 crore QIP fundraise
Cholamandalam Investment expects 20-23 per cent AUM growth in FY27 and plans a 5,000 crore QIP, as its second-quarter net profit rises 41 per cent to 1,630 crore
India Inc's ECB, FCCB fundraising proposals rise to $8.13 bn in August
Indian companies filed proposals to raise $8.13 billion through ECBs and FCCBs in August, up from $7.70 billion in July, with Flipkart, PFC and other major firms among applicants
ESAF Small Finance Bank post 160 crore profit in Q2 FY27
The banks performance was supported by robust business growth, improved operating efficiency, a stronger secured lending portfolio, and a substantial improvement in asset quality
EPFO plans to invest in AIFs, startups, says report
Supreme Court says banks must compensate digital fraud victims for losses caused by negligence
The court also urged banks to use transaction histories and artificial intelligence to identify suspicious transfers and prevent money from leaving accounts
Axis Bank will implement a new fee structure affecting its domestic and NRI savings accounts. The free cash transaction limit will reduce from four to three transactions or Rs 1 lakh. Minimum balance penalties will also change, particularly for semi-urban and rural accounts due to increased maximum charges. Additionally, the EDGE REWARD program will be discontinued for several account categories.
Sundaram Home Finance Q2 net profit up 20%
Emerging Business Disbursements rise 63% on small towns branch expansion Assets Under Management up 14% to 21,213 crores
UK salary and per diem: When can Indians claim tax relief in India?
Tribunal ruling in New Delhi offers relief on a Rs 16.17 lakh allowance, but employees must establish their tax residency and eligibility under the India-UK tax treaty
Equitas SFB CEO P N Vasudevan resigns over perceived conflict of interest
Vasudevan says investor concerns over his daughter's association with an NBFC have weighed on the bank's stock performance; he will continue until a successor takes charge
Equitas SFB MD & CEO P N Vasudevan resigns citing perception of conflict of interest, stock down 20%
Vasudevan will continue as MD & CEO until a successor takes over
Indias SIP flows reached a record 32,490 crore in September 2026, doubling in under three years. Investor participation expanded, smallcap and flexicap funds attracted strong inflows, and B30 cities gained mutual fund AUM share, reflecting broader market participation.
A 33-year-old investor aiming to build a Rs 6 crore corpus over 22 years may need to raise his annual SIP step-up from 10% to 1617%, according to an expert. The portfolio could also benefit from replacing the underperforming small-cap fund with a large-cap scheme, adding limited gold exposure and adopting a separate SIP strategy for the Rs 25 lakh property goal.
MAS Financial Services reports 22% increase in Q2 net profit at 110 crore
Net interest income jumps 44.5% to 237 crore; loan book expands 31% to 12,156 crore as of September-end
Central government employees must contribute to the Unified Pension Scheme during probation, yet contributions during suspension are optional. The government continues contributions during suspension only if the employee opts to contribute as well. Employees on absence without pay are exempt from making any contributions at that time. Delayed contributions may be restored if the delay is not the subscriber's fault.
Indias gold ETFs managed Rs 1.86 lakh crore across 26 schemes as of September 2026, despite a monthly return correction of 4.78%. The market remained concentrated, with five leading schemes controlling 80.2% of assets, while one-year returns stayed positive at approximately 2628%.
Tax on capital gains from gold investment: Investing in gold can yield gains, but investors must be informed about the associated tax liabilities. Different types of gold investments, including physical gold, ETFs, and FoFs, have varying tax implications. Gold held for less than 24 months generates short-term capital gains, while long-term gains apply to gold held longer. Sovereign Gold Bonds (SGBs) have specific tax exemptions if held until maturity, which investors should note.
Dhanlaxmi Bank clocks 48.55-crore net profit in Q2 FY27
Operating profit for the period was 69.82 crore, against 28.19 crore in the same period of the last fiscal
Gold and Silver rate: Gold and silver indicative jewellery prices decreased today, but retail prices for 22k jewellery remained stable across various cities. The India Bullion and Jewellers Association provided updates on gold and silver rates for various purity levels.
ETMutualFunds shortlisted leading small-cap mutual funds using rolling returns, consistency, downside risk, outperformance and asset size. The list includes schemes from Axis, SBI, Kotak and Nippon India, with three-year rolling returns ranging from 24% to 33.5%. Small-cap funds are best suited to aggressive investors with a high risk appetite and a long investment horizon.
PM-KISAN 24th instalment update: How to check payment status and complete e-KYC to get 2,000
Diwali Special: How to review your mutual fund holdings & improve portfolio efficiency
Diwali serves as an ideal occasion for investors to examine their mutual fund portfolios and enhance efficiency. It is crucial to identify underperforming schemes and ensure alignment with financial goals and risk appetite. Investors should assess if poor performance is due to market conditions or inherent issues with the fund. New fund offers should be evaluated for portfolio suitability before investment.
Saving for your child in 2026? Compare SSY, PPF, SIPs and term cover before you invest
Compare SIPs, Sukanya Samriddhi Yojana (8.2%), PPF (7.1%), term insurance, health cover, gold ETFs and kids savings accounts, with a simple 5-step plan.
Best medium to long duration debt funds to invest in October 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.
Q2 Results Today, 29th October 2026 Live Updates: businessline brings to you latest Q2 announcements, earnings updates and more.
Jio Financial Services Share Price Live Updates: Jio Financial Services News
Titan Company Share Price Live Updates: Titan Company Stock Gains Momentum
L&T Share Price Live Updates: L&T Market Performance
Bharti Airtel Share Price Live Updates: Bharti Airtel's Daily Performance Update
8th Pay Commisssion newsThe 8th Pay Commission held its final meetings in Mumbai, focusing on salary and pension reform for central government employees. Associations have proposed an annual increment rate of 5-7%, aimed at counteracting inflation and enhancing salaries. If implemented, these adjustments could lead to substantial pay raises over the coming decade, with definitive figures pending in the forthcoming report from the Pay Commission.
Bank holiday on Karva Chauth: Are banks open or closed today on October 29, 2026?
bank holiday today: Today, as the Karva Chauth festival is celebrated, banks in only one state are closed, contrasting with operations in other states. The October holiday schedule may impact banking operations, with regular Saturday hours on specified weekends.
No job or regular income? Husband cannot avoid wifes maintenance, says Allahabad HC
The Allahabad High Court has delivered a landmark decision affirming that a husband's assertion of being unemployed does not absolve him of his duty to provide maintenance. By upholding the monthly payment directive, the court highlighted the importance of a spouse's financial capacity in relation to the needs of the wife.
Gold FoF inflows face curbs: What should investors do now?
Several mutual fund houses have temporarily stopped accepting fresh investments in gold fund-of-funds, impacting investors. These changes affect new lump-sum investments, SIP registrations, and switch-ins, leading to uncertainty. Gold fund-of-funds invest in Gold ETFs rather than physical gold, providing easier access for retail investors. For those unable to invest in gold fund-of-funds, Gold ETFs remain a viable option with no current restrictions.
Working in UK? Per diem payments are not taxed
As Indian business families navigate the intricate landscape of wealth transfers, they confront significant hurdles in succession planning. Establishing flexible frameworks for responsible wealth management across generations is imperative. Engaging younger members in conversations about values and governance fosters unity. Ultimately, preparing future heirs to effectively manage and amplify their inherited wealth is the primary objective.
PNB Housing Finance net profit up 6 per cent; considering a hike in lending rates
The companys Net Interest Margin (NIM) was stable at 3.67 per cent in the recently concluded quarter
City Union Bank Q2 net up 27% at 416 crore on robust core growth
Total deposits of the bank increased by 21 per cent y-o-y to 83,893 crore
Capri Global Capital reports 66.50% jump in standalone Q2FY27 net profit at 353 crore
The diversified retail-focused non-banking financial companys net interest income shot up 71.60% yoy to 7,049crore against 4,108 crore in the year ago quarter
Bandhan Bank Q2 net jumps over 5-fold at 6,21.75 crore, NII grows 14.38%
On a quarter-on-quarter basis, the banks net profit grew close to 24% during the period under review from 5,01.67 crore in the first quarter of FY27
Individual investors in YES Banks AT-1 bonds request RBI to ensure implementation of SC judgment
The individual bond holders forum emphasised that it recognises that the coupon terms must be examined separately for each issuance and that the IM contain provisions relevant to coupon discretion
Cholamandalam Investment and Finance Q2 net up 41%, board approves fundraise up to 5000 cr via QIP
For the half year ended September 2026 (H1 FY27), net profit came in at 3,284 Ccrore, up 43 per cent y-o-y
Bank holidays in November 2026: Check state-wise list of bank closures and festival dates
Bank holidays in November 2026 will vary across Indian states based on local festivals. Customers must check specific holiday schedules before visiting bank branches to avoid inconvenience. Some notable holidays include Diwali, Wangala festival, and Chhath Puja, affecting different states. The Reserve Bank of India has outlined specific closure dates for scheduled banks. Both scheduled and non-scheduled banks observe holidays on specific Saturdays as per the RBI calendar.
Prudents operating profit jumps 42% as wealth distributor hits record equity sales
Profit after tax rose 33.9% YoY to 71.7 crore, though PAT growth lagged operating profit growth due to mark-to-market reversals in other income during the quarter
Karnataka Bank Q2 net profit up 36.6% to 319.12 crore
For the half year ended September 2026, the net profit stood at 854.84 crore as against 611.52 crore for half year ended September 2025, a growth of 39.79%
With the festive season nearing, its the perfect time for many to buy gold jewellery. However, ensuring the golds purity is crucial before investing. Methods like looking for a BIS hallmark and a unique HUID number are essential. Home tests such as the ceramic streak test and vinegar test can lend extra credibility, but nothing beats professional testing for confirming gold purity.
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
City Union Bank Q2 net rises 26% to 416 crore
Interest income rose 27% to 2,092 crore in Q2 FY27 from 1,653 crore in Q2 FY26
Employees' Provident Fund accounts continue to earn interest for three years after the age of 58. After that period, accounts become inoperative unless members withdraw their accrued corpus.
Undisclosed foreign assets? Check if you qualify for Rs 1 lakh scheme
FAST-DS 2026 offers eligible taxpayers a one-time route to disclose foreign assets, with fees and payment rules varying by category
Following Smt Shanti Devi's passing in 2001, her grandson Gahlot faced challenges from relatives contesting her will, asserting it was fraudulent and that Devi was incapable of drafting it. In court, Gahlot showcased his mother's testimonial to affirm the will's authenticity. The Delhi High Court ruled in favor of the will, granting Gahlot the right to her properties, though it left the ownership of the mentioned agricultural land unresolved.
Delhi circle rate update: Farmers in the national capital are demanding a circle rate of Rs 10 crore per acre, with the Delhi Panchayat Sangh urging the government to implement this circle rate for agricultural land. Current estimates suggest that land rates in the capital region could zoom by around 650%, causing prices to go over Rs 15 crore per acre from Rs 2 crore now.
Gold rate today: Gold prices have risen today, October 28, 2026, across major jewellers like Tanishq and Malabar Gold. Prices for 22k gold jewellery are detailed, with differences noted between major retailers. The India Bullion and Jewellers Association published their latest retail selling rates for various purities of gold and silver. A comparison with the previous day's rates indicates a noticeable increase in prices across the board.
Planning a festive getaway doesn't have to break the bank! Discover essential tips to save on flights, accommodation, and more while enjoying your holiday. From setting fare alerts to strategically using credit card rewards, learn how to effectively budget for your dream vacation without compromising your financial stability. Start saving smart today for a stress-free festive travel experience!
Indias credit card base expands 9.5% y-o-y in September; spending moderates on high base: Jefferies
Total credit card spending fell 6.2% y-o-y during the month, compared to a growth of 5.5% registered in the previous month
Several equity mutual funds delivered returns of more than 20% over the past three years, led by SBI Healthcare Fund at 23.11%. Healthcare, small-cap, mid-cap and infrastructure schemes feature prominently among the top performers.
The Ministry of Finance announced a revision in the Industrial Dearness Allowance rates for certain CPSE employees. This revision will be applicable starting from October 1, 2026, affecting various pay scales. Employees in board-level and supervisory roles will see an increase in their IDA rates. Different IDA rates will apply for those under distinct pay scales from 1987 to 2017.
Best gilt mutual funds to invest in October 2026
Mutual fund experts posit that aggressive debt investors might want to consider gilt funds as a way to obtain superior returns. As interest rates decline, the prospect of double-digit returns from these funds becomes more plausible. Nevertheless, gilt funds carry risks linked to interest rate fluctuations, making them appropriate only for savvy investors. Aiming for a long-term horizon is crucial, and monitoring rate shifts is highly advised.
DA hike news: Has the government announced 3% DA hike for central government employees today?
DA hike news: Can the government announce 3% DA hike for central government employees today?
Top 8 equity MFs offer double-digit gains on SIP investments since last Diwali. Do you own any?
Since last Diwali, investors in eight equity mutual funds have enjoyed impressive double-digit gains from their Systematic Investment Plans. The standout performer has been Samco Small Cap Fund, boasting a remarkable return of around 30.85 percent. Other significant contributors include the Motilal Oswal Focused Fund and Bank of India Small Cap Fund. However, with 255 funds experiencing negative returns, market volatility remains key.
Delhi High Court orders takedown of fake Kotak accounts on Meta, Telegram, LinkedIn
The case targets unidentified John Doe defendants who used Kotaks trademarks across WhatsApp, Telegram, Facebook, YouTube, and LinkedIn to run fraudulent investment schemes
Bank stocks in Q2 FY27: Why ICICI, SBI, Kotak and AU Bank are Motilal Oswal's top picks
IFSCA sets financial soundness norms for payment system operators in GIFT City
Existing payment system operators must submit certificates from their statutory auditors confirming compliance with the prescribed criteria for the preceding financial year by September 30 each year
PNB set to close these accounts soon: Bank says complete KYC by November 10 to avoid account closure
Punjab National Bank has issued a notice to its customers regarding the closure of dormant accounts. Any account with no transaction activity for over three years and a zero balance is at risk. To prevent account closure, customers need to complete their Know Your Customer requirements by November 10, 2026.
Three South Korean financial firms including Bithumb report data breaches, Yonhap says
Daishin Securities said about 38,000 customer records were leaked and emergency measures were taken, Yonhap reported
Six homeowners filed case against society's managing committee for misappropriating Rs 3.08 crore; society selectively increased these six homebuyers maintenance amount; Maharashtra co-op appellate court gives relief to these six homeowners
Silver rate has fallen 50% from its record-high January rate; should you buy now or wait?
Silver prices have witnessed a sharp decline in the Multi Commodity Exchange, resulting in considerable losses for investors. Experts believe that a price recovery may occur within the next 12 to 18 months. New investors are advised to adopt a gradual buying strategy, while existing investors should hold steady and resist the urge to sell in haste.
Ms Parves counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source of income. To support her claims, Ms Parve also filed Form 26AS, an affidavit, the husbands death certificate, computation sheet, bank statements between 24.08.2015 and 30.09.2015.
Can income tax officials take your PPF savings for unpaid tax dues? Know what the law says
Dealing with a tax demand? It's essential to grasp how the Income Tax Department can seize dues from different assets, while your PPF account holds particular protections. Funds within a PPF account are shielded from attachment; yet, withdrawing them can put them at risk.
BFSI Insight Summit 2026: 'Real-time fraud check key in digital payments'
At the BFSI Insight Summit 2026, payments leaders called for AI-driven fraud detection, real-time risk scoring and greater industry collaboration to tackle rising digital payment scams
MDR uncertainty, choppy markets cloud 33,600-crore fintech IPO pipeline
For payments companies, investors will assess impact of merchant discount rate
SBI Life Q2 net up 11% at 549 crore net premium income
The first-year premium rose 8.81 per cent to 5755.86 crore, whereas the renewal premium increased 12.57 per cent to 15,763.64 crore for the period under review
CoinDCX flags a phishing attack, days after confirming a compromised wallet
It stressed that the exchange will never ask users to share private keys or seed phrases, ask for OTP, send links to withdraw funds
MSME, unsecured retail stress to lift bank NPAs in FY27
Indian banks in India are set to see a modest rise in fresh non-performing assets in FY27
Stay tuned to businessline for more business, financial and stock market news.
Indian Overseas Bank appoints Akshit Choudhary as CFO from Nov 1
Choudhary is a Chartered Accountant with over 15 years of professional experience across banking, financial services, auditing, treasury, and business operations
TVS Credit reports 19% growth in Q2 PAT at 243 crore
As per a statement by TVS Credit, the NBFC clocked a net profit of 243 crores for Q2FY27, a growth of 19% compared to the same period last year
Tata Capitals consolidated Q2 net profit jumps 51% to 1,660 cr
Net interest income was up 23 per cent to 3,696 crore (3,006 crore)
Proposed insurance distributions norms: IRDAI Chief says I am in the listening mode
IRDAI has extended the deadline to submit feedback on its proposed distribution reforms to October 31, 2026,from the earlier October 25, 2026
The PFRDA has now pushed back the implementation date for updated PoP charges that impact NPS and NPS Lite subscribers to December 1, 2026. This extension provides extra time for subscribers to prepare.
IRDAI to implement distribution reforms only after consensus: Seth
On the issue of portability, Seth rued that the activity is concentrated in a very small set of entities, pointing out that the commissions paid may be playing a role in customer behaviour
UAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to assess their foreign assets in relation to their tax status. Those eligible can use the FAST-DS 2026 scheme before the deadline. Failure to disclose such assets may result in severe penalties or taxation. It is important to review and act upon this nudge to avoid repercussions.
Starting from November 1, 2026, vehicle owners residing within a 20 km radius of toll plazas can apply for a discounted local FASTag pass. The yearly fee is set at Rs 1,500 for locations outside city limits and Rs 3,000 for those within.
5 most elite credit cards in India: Joining fees go up to 5 lakh; what do you get?
Indian lenders delay dollar bond sales as hedging costs climb
Canara Bank, Punjab National Bank and Bank of India have shelved planned issuances, while Karur Vysya Bank awaits more favourable pricing
