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Buying property in Pune? 8 hotspots with new projects, prices and growth potential
Bank holiday today: On August 28, 2026, banks in numerous Indian states temporarily closed to allow citizens to celebrate various regional festivals. The observance of these holidays was uneven across states, showcasing India's diverse cultural landscape.
MSMEs face costlier finance, working capital squeeze under RBIs proposed NBFC credit curbs: FISME
Urges RBI to adopt targeted regulation instead of a blanket ban
HDFC likely to challenge NCLT order as Subhash Chandra clarifies claims of only 3,992 crore
However, reacting to dissenting creditors claims of 22,000 crore against him, Chandra on Thursday clarified that he has not borrowed any money from any lender.
Twelve years of Jan Dhan: From financial access to economic empowerment
The journey of PMJDY over the past 12 years has shown that financial inclusion can become a powerful instrument of economic transformation when policy, banking and technology move together.
IndiaFirst Life bets on AI agents to overhaul insurance operations
Insurer says agentic AI push will be cross-subsidised and will not raise overall cost ratios
Indian equity markets closed lower on Thursday, with the Sensex falling 539 points and the Nifty declining 117 points as selling intensified late in the session. Adani Enterprises and Kotak Mahindra Bank led Nifty gainers, while Hindalco, HDFC Bank and M&M emerged among the biggest losers.
As AI agents go rogue, cyber insurers are adapting their policies
Insurers, including MSIG , QBE and Beazley, are reviewing traditional cyber policies and adapting their language to account for emerging risks
Average cancer claim rises 81% in 5 years: How much health cover is enough?
With treatment claims rising to Rs 5.6 lakh, expert explains how families can assess their health cover
Mutual fund NFOs: 12 funds open for subscription now. Check key details
Around 12 mutual funds are currently open for subscription across categories such as life-cycle, multi-asset, multi-cap, flexi-cap and sectoral funds. ICICI Prudential Mutual Fund has the highest number of new offerings, while several other fund houses have also launched schemes with subscription deadlines ranging from August 28 to September 10.
Edelweiss Mid Cap among 5 midcap funds that delivered up to 25% CAGR in 3 years. Check details
Five midcap MFs have delivered impressive annualised returns of over 22% in the past three years, with HSBC Midcap Fund topping the list at 24.8%. Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap also posted strong double-digit gains, while several other funds delivered comparatively lower returns of 11.6%-13.6%.
India Incs revenue growth to moderate to 13-15% in Q2 FY27; margins under pressure: ICRA
India Incs revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margins, while domestic consumption supports growth and weak global demand pressures export-oriented sectors.
Home loan rates start at 7% in Aug: Check best offers by top lenders
Public sector banks take the lead with the cheapest borrowing terms, while housing finance companies and private lenders are close behind
Indian equities fell sharply on Thursday, erasing gains during the first monthly expiry under the new closing auction session. Sensex dropped 539 points, or 0.7%, while Nifty declined 117 points, or 0.48%. HDFC Bank and NTPC led losses, while Kotak Mahindra Bank, ICICI Bank and Tech Mahindra gained.
IDBI Bank: Staff body seeks fresh House scrutiny before government stake falls to 15%
United Forum of IDBI Officers and Employees appeals Standing Committee on Finance in Parliament to revisit 2003 assurance in House as well as Lok Sabha, Rajya Sabha debates
Are CGHS centres closed from August 27-31, 2026? Ministry responds as confusion prevails
A fake notice falsely claimed CGHS wellness centres closure due to NEET-PG examination duties. The Directorate of CGHS and PIB Fact Check have denied the authenticity of this notice. Beneficiaries are advised to rely only on official CGHS communication channels. Necessary arrangements will ensure uninterrupted services for all CGHS members.
RBI gives banks flexibility to swap NRI dollars amid rising inflows
The move comes as banks prepare to manage increased dollar liquidity and rising hedging costs ahead of the special deposit scheme deadline.
Want to build a passive portfolio? Know whether ETFs or index funds are better for you
ETFs and index funds offer low-cost passive investing but differ in trading, liquidity, costs and SIP convenience. Heres how investors can choose between the two based on their needs.
Court evicts son from flat for neglecting parents: Can he still claim inheritance rights?
Does the son have any inheritance right over parents property if he failed to take care of parents and court orders eviction? Know what law says. Read the article.
Calling wife barren not cruelty, rules Allahabad HC
Top 3 SIFs account for 70% of industrys AUM in July; Edelweiss Altiva leads the pack
The industry currently has 30 live SIF platforms with total assets of Rs 23,177 crore
Car loan rates starting at 7.35%: Check best offers and terms here
Car loan rates currently range from 7.35% to 14.05%. Check lender-wise interest rates, processing fees and EMI for a Rs 5 lakh loan
On August 27, 2026, gold prices dipped significantly across major Indian jewelry brands, including Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, reflecting a decline from yesterday's trading. The Indian Bullion and Jewellers Association (IBJA) also reported reduced gold and silver rates. Customers should be mindful of GST and making charges when they plan to buy gold jewelry.
The Employees Provident Fund serves as a robust mechanism for building long-term savings through consistent contributions and the magic of compound interest. Factors like annual salary hikes and stable interest rates greatly influence the total savings, while optional contributions can further bolster retirement finances.
Around 12 equity mutual funds turned a Rs 10,000 monthly SIP into more than Rs 11 crore since their respective inceptions, an ETMutualFunds analysis showed. Among around 305 equity funds analysed, 110 turned the same monthly SIP into more than Rs 1 crore, with Nippon India Growth Mid Cap Fund topping the list at Rs 29.32 crore.
The Wealth Company Mutual Fund has launched its new multi-cap fund, which mandates at least 25% allocation each to large-, mid- and small-cap stocks. Experts say the funds performance will depend on stock selection and portfolio construction, while investors should consider their risk appetite, investment horizon and overall market-cap allocation.
NRI bank accounts: Who can use NRE, NRO and FCNR(B) options in India?
NRIs, PIOs and eligible OCIs can open NRO, NRE and FCNR(B) accounts, but each serves a different purpose and has distinct rules
Rs 2L/month to wife: Court rejects man's income dip
As gold rate rises, should you sell, hold or buy?
IDBI Bank staff body writes to Standing Committee, demands White Paper on stake sale
There is no more appropriate institution to munch on aspects of projected stake sale to foreign investors before it becomes irreversible, says United Forum of IDBI Officers and Employees
Rupee rises 4 paise to 95.40 against US dollar during early trade
The rupee pared initial losses and was trading with gains of 4 paise at 95.40 against the American currency in early trade on Thursday, supported by easing Brent crude prices. Brent prices fell below the USD 90 mark for the first time in several sessions amid continuing discussions between Iran and Oman regarding a temporary shipping corridor through the Strait. While no final agreement has been reached, the fact that negotiations are continuing has reduced fears of a prolonged disruption to global oil supplies, forex traders said. At the interbank foreign exchange market, the rupee opened at 95.50, then fell to 95.52 against the greenback, registering a fall of 8 paise from its previous close. The domestic unit pared the losses and was later trading with gains of 4 paise at 95.40 against the American currency. On Tuesday, the rupee settled for the day higher by 26 paise at 95.44 against the US dollar. The Indian foreign exchange market was closed on Wednesday on account of ...
Bank of Baroda debt raise tops $1 billion under central bank's window
BoB will offer a yield of 5.3890% on the reissue, the bank said in a notice to stock exchanges
Wealth investment beyond stocks: Indias super rich are moving $1.5 trillion into these assets
Gold loans & credit growth: AU Bank, DCB, IndusInd, Shriram & 7 others reveal their playbook
Best short duration mutual funds to invest in August 2026
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.
Life certificate: Non-Resident Indians are facing significant hurdles in submitting their Jeevan Pramaan digitally. Issues such as Aadhaar authentication failures and mobile number complications obstruct online life certificate submissions.
Tata Steel Share Price Live Updates: Tata Steel's Current Trading Status
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Hybrid SIFs blend tax efficiency and flexibility, creating unique investment opportunities
Specialised investment funds are changing wealth manager portfolio structures. Hybrid SIF strategies are increasingly included in allocations. These funds offer tax efficiency and differentiated investment approaches. Wealth managers suggest these funds complement core portfolios for investors. SIFs provide flexibility through various investment strategies.
Jio Financial Services to roll out a personal CFO for every Indian on its app
The personal CFO is based on a proprietary financial fitness scoreandwill empower every Indian to live a better financial life, Hitesh Sethia,MD & CEO said
Bank of Baroda launches UPI Global QR Payments
The initiative extends international QR payment acceptance across the Banks merchant network
Company also weighing covers for cyber-related risks faced by bank depositors and identity theft
Prudential to sell 2% stake in ICICI Prudential AMC worth about $333 million
The proposed sale would reduce the shareholding of ICICI Prudential AMCs promoters to 85.6%
Home loan portfolio set to cross 10 lakh crore milestone this quarter: SBI Chairman
The lender has more than 460 home loan processing centres across India with nearly 28% market share
8th Pay Commission calculator: Why central govt pensioners seek 15-year commuted pension rule change
8th Pay Commission latest news: Pensioners under the central government are advocating for a quicker restoration of their commuted pensions. Various employee and pensioner associations are pushing the 8th Pay Commission to reassess this lengthy period. They contend that existing regulations rely on obsolete financial statistics and demographic trends, emphasising the financial benefits that a shorter restoration period could provide. This initiative seeks to update pension protocols to reflect current life expectancy and interest rates.
EPF vs stock market: EPFO highlights 5 key differences every investor should know
EAC-PM paper suggests consolidation of banks of equal size without compromising market competition
5 womens savings accounts offering up to 6% interest, insurance and lounge access
NFO Alert: ICICI Prudential Mutual Fund to launch 3 life cycle funds
ICICI Prudential Mutual Fund has launched three open-ended life cycle funds with five-, 10- and 15-year horizons. The schemes use a glide-path strategy, starting with higher equity exposure that gradually shifts towards debt as maturity approaches. The NFOs Life Cycle Fund 2031, 2036 and 2041 are open for subscription and will close on September 9.
SIDBI, RRBs plan to expand co-lending arrangement to boost MSME credit in rural areas
The model could help RRBs diversify their loan portfolios by increasing their focus on MSME lending, while rule engine-based underwriting is expected to support asset quality
Gold rate today: Check latest 22k, 24k prices
Midcap emerges as strong SIP option with 17.59% average 10-year return: WhiteOak Capital
Investing in midcap SIPs has proven to be beneficial, boasting an impressive average return of 17.59% over the past decade. This investment category has consistently provided positive returns, showing stability over time. Unlike frequent switching between market caps, which failed to improve long-term gains, gradually increasing SIP contributions can achieve accelerated wealth accumulation. Moreover, the likelihood of securing positive returns rises with lengthening investment durations.
HDFC Bank has announced a boost to fixed deposit rates for senior citizens, increasing them by ten basis points. Federal Bank has also adjusted its interest rates for fixed deposits applicable to all clients. This revision ensures that senior citizens benefit from improved returns. Both banks are now providing competitive rates across select tenures, making savings more rewarding.
Investing a lump sum each year in a Public Provident Fund (PPF) results in a significantly higher corpus than making monthly contributions. Over a span of fifteen years, a yearly investment of Rs 1.2 lakh can grow to yield nearly Rs 99,000 more compared to the monthly deposit method. Plus, PPF provides tax advantages at three different stages, with the current interest rate standing at 7.1 percent per annum.
Edelweiss Mutual Fund is set to unveil its third Specialised Investment Fund strategy, which targets large-cap equities alongside income-focused derivatives. This innovative approach is designed to deliver steady alpha for investors looking to enhance their core portfolios. By integrating large-cap exposure with income-generating elements, this fund aims to meet diverse investment needs. Subscriptions for this fund kick off on September tenth.
7 debit cards for free airport lounge access: Check fees, visits and eligibility
Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law says
Severance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says
Small finance banks pay up to 8.5% on FDs: Where can you get highest rates?
Suryoday Small Finance Bank is offering rates of up to 8.25% for general citizens and 8.50% for senior citizens, while Shivalik Small Finance Bank offers up to 8.00% for general citizens.
Health insurance calculator: How much cover do you need by age, city and family size?
Best medium to long duration funds to invest in August 2026
Even a minor upward movement in interest rates could make these schemes extremely risky and volatile. In simple terms, investors might lose money in such a scenario. That explains why advisors do not speak about these schemes often. Needless to say investors should be extremely cautious about these schemes in the current scenario.
NPS retirement income: 5 types of annuity; which one is right for you?
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ETF vs Index Fund: Which passive investment option is better for you?
As passive investing gains traction, ETFs and index funds are at the forefront of investors' minds. ETFs, which trade on exchanges similarly to stocks, usually have lower fees but can incur trading expenses. On the other hand, index funds appeal to those looking for a more effortless investment approach over the long haul.
8th Pay Commission salary hike: Employee organisations are pushing for larger annual salary increments in the 8th Pay Commission. They argue this approach would lessen dependence on a high fitment factor. Current projections show that a fitment factor can yield a notable immediate pay rise, whereas higher annual increments take years to achieve similar benefits. Consequently, a blend of both strategies may be most advantageous for workers.
Onam, Id-E-Milad 2026 bank holiday: Are banks open or closed in your state today?
On August 26, 2026, banks will remain closed in observance of Onam and Id-E-Milad. Customers planning visits to physical branches are advised to consult the RBI holiday calendar beforehand. While Onam is a vibrant harvest celebration honored in Kerala, Eid-e-Milad marks the significant birth anniversary of Prophet Muhammad, influencing banking activities across several states.
In the State of the Economy report, published in the RBIs monthly bulletin, RBI officials noted that credit growth continued to remain healthy in July
Bank reacts to reports that a deal between it and Jana Small Finance Bank is likely in advanced stages
Fresh deposit and lending rates have hardened in recent months: RBI bulletin
The weighted average domestic term deposit rate(WADTDR) on fresh deposits rose by 16 bps in June 2026
Public sector bank more efficient than Private Sector Banks, says EAC-PM paper
The paper found that PSBs efficiency improved to 93.12% in FY26 from 72.46% in FY20, citing subsequent capital infusion and technological upgradation in select PSBs as key reasons for improvement
Aditya Birla Health Insurance ties up with ICAI to offer coverage to 17 lakh students and CA members
Aditya Birla Health has designed four products for different customer profiles in the ICAI ecosystem
