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ICICI Bank reports 4% decline in Q3 FY26 standalone net profit at 11,318 crore
Net interest income in the reporting quarter was up 8% year-on-year (y-o-y) to 21,932 crore (20,371 crore in the year ago period)
While the 10% surcharge introduced in 2013 was intended for a single year, the policy has since evolved into a complex, multi-tiered system. The abolition of the Wealth Tax in 2016 further institutionalized this shift, practically moving away the tax burden from accumulated assets to annual income flows. There is the need to design it in a manner that does not inadvertently penalize productive capital.
HDFC Bank and RIL among top 10 stock holdings of ICICI Prudential Mutual Fund in December
ICICI Prudential Mutual Fund, Indias second largest AMC with Rs 11.49 lakh crore AUM, remained heavily invested in large caps like HDFC Bank, ICICI Bank, RIL, Infosys and Axis Bank, with marginal weight reductions across most top holdings in December.
SBI terminates GMU Kolkata lease; civil society urges RBI to step in
Kolkata, Jan 17 : The State Bank of India has terminated the lease for its Global Markets Unit (GMU) premises in Kolkata, a move that has drawn objections from a civil society forum, which has urged the Reserve Bank of India (RBI) to intervene and stop any closure of the unit without regulatory approval. An SBI notice dated January 14, 2026, issued to a vendor, stated that the bank is terminating the lease for the 11th to 16th floors of [] The post SBI terminates GMU Kolkata lease; civil society urges RBI to step in appeared first on Daily Excelsior .
YES Bank Q3 profit jumps 55% to 952 cr on lower provisions
Its core net interest income grew 10.9% to 2,466 crore on the back of 0.10% expansion in the net interest margin and a loan growth of 5.2%
Sandeep Bakhshi reappointed ICICI Bank MD & CEO for two more years
Bakhshi has led Indias second-largest private sector bank since October 2018 and has been part of the ICICI Group since 1986
IDBI Bank reports a marginal increase in Q3FY26 net profit at 1,935 crore
The private sector bank, in which LIC and the Central Government hold 49.24% and 45.48% stake, respectively, reported a net profit of 1,908 crore in the year ago quarter
EDME Insurance plans overseas expansion; to double business to 1,600 crore
The integration goes beyond consolidation, positioning the combined organisation to deliver deeper, sector-specific risk and insurance solutions across corporate insurance, reinsurance and specialised risk segments
5 mutual funds made complete exit from these 7 midcap stocks in December
Five mutual funds, including HDFC, SBI, Kotak, Axis, and ICICI Prudential, completely exited seven midcap stocks in December, adjusting portfolios to optimize returns amid market movements.
Cybercriminals are increasingly targeting online account credentials, with 88.5% of phishing scams focused on stealing login details. Stolen data is consolidated into dumps and sold on the dark web, often used for highly personalized and targeted attacks. Prompt action, including changing passwords and enabling multi-factor authentication, is crucial if you become a victim.
RBL Bank reports lower-than-expected Q3 profit
RBL Bank posted a standalone net profit of 21.4 crore for the quarter ended December, compared with 32.6 crore a year earlier
JioBlackRock Mutual Fund: MCX, HAL, Paytm among stocks bought and sold in December
JioBlackRock Mutual Fund increased stakes in 475 stocks, reduced 29, and added four new companies in December. Financials dominated with 30% allocation, followed by consumer discretionary, industrials, IT, energy, and commodities.
Yes Bank reports profit surge in Q3 on lower provisions
The bank posted a standalone net profit of 952 crore for the three months ended December, a 55% increase compared with 612 crore year earlier
IREDA arm extends $22.5 million green loan for Zambia solar project
The project will be located in Zambias Serenje district and involves setting up a photovoltaic solar plant.
Gold rally adds Rs 117 lakh crore to Indian household wealth in 2025
Indian households gained 117 lakh crore in 2025 as gold prices surged, delivering the biggest wealth boost in 25 years. The windfall strengthened spending buffers, lifted gold-backed loans, highlighted equity underperformance, and reinforced disciplined asset allocation across equity, debt and gold.
How to invest Rs 10 lakh for next 1, 3 or 5 years for higher return and in most tax-efficient way?
Investing Rs 10 lakh requires a smart approach. Experts guide on optimal investment mixes for one, three, and five-year goals. For short terms, focus on safety with fixed income. Longer horizons allow for growth through equity and hybrid funds. Tax efficiency is key, with strategies to minimise your tax outgo. Plan your investments wisely for better returns.
A teacher has won a significant legal battle in the Himachal Pradesh High Court. She was denied an assistant professor position despite holding a Ph.D. in the relevant subject. The university had overlooked her M.Sc. in Botany, deeming it not a concerned subject. The court has now directed the university to reconsider her application, granting her marks for her M.Sc.
A buyer's ownership of disputed ancestral land is now uncertain. Relatives sold part of the land while a title dispute case was ongoing. The Andhra Pradesh High Court ruled that the buyer is automatically subject to the final verdict. This means the buyer's rights depend entirely on the outcome of the pending court case.
Bank holiday today: On a Saturday, you may find yourself in a dilemma whether banks are open or closed. Should you go for your bank work or your effort will go in vain. It happens because banks dont open on all Saturdays in a month
Earnings preview: ICICI Bank could report stable Q3 earnings, CEO continuation key monitorable
The bank is set to report its Q3FY26 earnings Saturday
RBI ombudsman authorised to clear compensation up to 30 lakh
The Reserve Bank will establish the Centralised Receipt and Processing Centre at one or more places to receive the complaints filed under the Reserve Bank Integrated Ombudsman Scheme
Central Bank of Indias Q3FY26 net profit up 32% at 1,263 cr
The Banks board on Friday approved third interim dividend at 2 per cent 20 paise per equity share having face value of 10 each for FY26.
StanChart mulls options for India cards unit in retail pullback
Stanchart said in an emailed response that its wealth and retail banking strategy for India is focused on multi-product relationships, with a strong overlay of international banking
Wealth Hack of the Day: Save Rs 18.31 lakh on Rs 50 lakh home loan with this prepayment trick
A prepayment strategy can significantly reduce your home loan tenure and interest payments. By paying one extra EMI annually on a Rs 50 lakh loan at 8.5% for 25 years, you can save approximately Rs 18.31 lakh in interest and shorten the loan term by over 5 years.
No blind bet on future: 6 advantages of financial advisors that outgrow the nominal cost
While some people may have the skill, experience and time to do it themselves, however, many people lack it. So, should they still manage their personal finance themselves or take the help of a qualified professional advisor?
Federal Bank Q3 PAT up 9% on stable core income growth
Shares of the lender ended trading 10 per cent higher at 270 apiece on the BSE today.
NFO Update: Kotak Mutual Fund launches Nifty200 Value 30 Index Fund
Kotak Mutual Fund has launched the Kotak Nifty200 Value 30 Index Fund, a passive offering tracking value score-based stocks from the Nifty 200, aiming to give investors low-cost, diversified exposure to fundamentally strong companies trading at reasonable valuations long term.
Banks and NBFCs among 7 key investment themes for 2026: DSP Mutual Fund
DSP Mutual Fund, in its latest equity report Beyond the Efficient Frontier, has identified key investment themes to watch in 2026 amid evolving interest rates, policy signals and global trends. The fund house sees opportunities in select pockets of the market, including banks and NBFCs, IT services, consumer-focused businesses, PSUs, power, healthcare and agri-inputs.
RIL, HDFC Bank, Infosys among top holdings in JioBlackRock MF in December
HDFC Mutual Fund portfolio December moves: RIL, IndiGo, HAL among key buys and sells
The fund house added 10 new stocks to its portfolio during the month. Among these, nearly 40 lakh shares of Aequs were added, followed by 37 lakh shares of Wakefit Innovations and 20 lakh shares of ICICI Prudential AMC.
7 mutual funds trim exposure in 18 midcap stocks in December. Check details
Seven mutual funds reduced exposure to 18 midcap stocks in December as part of portfolio rebalancing. Funds including HDFC, SBI, Kotak and Quant Mutual Fund trimmed stakes across banking, capital goods, pharma and consumption-focused names.
5 signs its time to rebalance your investment portfolio
Invest in health like money: the smartest long-term financial strategy explained
As Union Budget 2026 approaches, investors are focusing on PSU, infrastructure, manufacturing, and defence sectors. Experts anticipate continued government support and policy reforms in these areas. Mutual funds aligned with these sectors are drawing attention. Investors are advised to assess these opportunities for potential growth, considering the medium-term outlook and disciplined investment approaches
Rs 80,000 EMI vs Rs 40,000 rent: EMI vs rent math every first-time buyers must see
Best arbitrage mutual funds to invest in January 2026
Arbitrage funds are taxed like equity mutual funds. This means they qualify for long term capital gains tax of 12.5% if investments are held for more than a year. If investments are for less than a year, short term capital gains tax of 20% will be applicable.
M&M Share Price Live Updates: M&M's three-month performance showcases resilience
Divis Labs Share Price Live Updates: Divis Labs reports a drop in three-month returns
Power Grid Share Price Live Updates: Power Grid's performance under scrutiny with negative returns
The Madras High Court has ruled that taxpayers can claim deductions under Section 80-IB without owning the land. This decision supports a previous order by ITAT Chennai. The court found that land ownership is not a prerequisite for claiming this tax benefit. The ruling benefits Smt Rajini, who developed a housing project through a Power of Attorney.
8th Pay Commission: What can be expected salary rise for Group A, B, C and D employees in 8th CPC?
Central government employees and pensioners await the 8th Pay Commission's fitment factor decision, expected in late 2027. Experts predict a range of 1.83 to 2.57, with potential for uniform or differentiated application across pay levels. The revised payouts will impact all employee groups and retirees.
The Jharkhand High Court has ruled that employees can be switched to a more beneficial pension scheme like General Provident Fund (GPF) even without formally opting in. This decision applies if the employee was appointed before January 1, 1986, and did not explicitly choose to remain in the Contributory Provident Fund (CPF).
Bring EVs and hybrid vehicles under car perquisite valuation framework in Budget 2026: Experts
The current car perquisite policy under the Income Tax Act, 1961, offers tax benefits for combustion engine cars but lacks clarity for electric and hybrid vehicles. Experts urge the government to introduce specific regulations for EVs and hybrids to encourage corporate adoption and support India's electrification goals.
Stocks to Buy in 2026: Angel One, Groww among 5 picks for 1530% long-term returns
Five top stock picks for 2026, including Angel One and Groww, are projected to deliver 1530% long-term returns.
MFs rebalance new-age, IT portfolios ahead of Q3 result season
Mutual fund managers adjusted portfolios in December, buying Swiggy and Zomato amid underperformance and favoring Tata Consultancy Services over Infosys. They also rotated allocations in InterGlobe Aviation following a selloff due to mass flight cancellations, preparing for the Q3 results season.
Nuvoco Vistas turns profitable as Ebitda jumps 50% in Q3
Nuvoco Vistas Corp reported a consolidated net profit of Rs 49.37 crore in the December quarter, a significant turnaround from a year-earlier loss. This improvement was driven by a 50% surge in Ebitda to Rs 386 crore, alongside a 12% rise in revenue to Rs 2,701 crore.
HDFC Life Q3 net up 1.4% at 420.73 crore on 98-crore impact of new labour code
Net premium income in Q3 up 8.77% at 18,242.39 crore
Jio Finance Q3 consolidated PAT down marginally on higher expenses
JFSs total income grew to 901 crore in Q3FY26, from 449 crore a year ago
Driving without third-party motor insurance in India carries severe penalties. This mandatory cover protects accident victims financially. Penalties include hefty fines, potential imprisonment, and license suspension. Read on to know the penalties for not having it, costs for two-wheelers and four-wheelers, available discounts, and more.
The Supreme Court ruled that a widowed daughter-in-law is a dependant entitled to maintenance from her deceased father-in-law's estate under Section 21(vii). Denying maintenance payment on technical grounds violates her right to live with dignity. The court also emphasised the pious obligation of the father-in-law to support her if she cannot maintain herself.
Sovereign gold bond: Investors in Sovereign Gold Bonds 2019-20 Series-II can redeem their holdings from January 16, 2026. The Reserve Bank of India has set the premature redemption price at Rs 14,092 per unit. This price is based on the average gold price over three preceding working days.
Where are mutual funds placing their bets? A look at Decembers sectoral trends
South Indian Bank Q3 profit rises 9.3% to 374 crore
Total income increased to 3,003 crore, while operating profit rose to R584 crore
Indian retirement schemes are not fully tax-exempt as commonly believed. Contribution and growth limits mean many salaried individuals face multiple taxes on their savings. Outdated exemption thresholds penalize middle-income earners. This disconnect between policy and economic reality discourages long-term investing. Will Budget 2026 help?
A new health insurance plan, Paripoorna Mediclaim Ayush Bima, has been introduced for CGHS beneficiaries, expanding medical coverage with cashless treatment and a wide hospital network. The optional plan offers sum insured options of Rs 10 lakh or Rs 20 lakh, with AYUSH treatments covered 100% and modern treatments at 25% or 100% with a rider.
How to register a will in India: Complete process, costs, and legal safeguards explained
Under the Indian Succession Act, 1925, both registered and unregistered wills are legally acceptable as long as they if are properly written drafted and signed. However that said, registering a will adds an extra layer of security and reduces future legal battles. Read on to find out what to know before registering your will.
HDFC Flexi Cap Fund adds Eternal; trims stakes in Swiggy & 3 others in Dec
HDFC Flexi Cap Fund, a leading fund, added Eternal to its portfolio in December while reducing holdings in Swiggy and three other firms. The fund also boosted its stake in Infosys. Its portfolio now spans 51 stocks across 21 sectors, with a significant allocation to banks.
Salary Account for central govt employees: Central government employees can now open a new Composite Salary Account. This package provides zero-balance accounts, concessional loan rates, and significant insurance covers.
The Supreme Court has reinstated a hotel cashier wrongly dismissed. The court ruled his 'manager' title was a mere formality. His actual duties were not supervisory. He will receive his job back with full back wages. This landmark decision emphasizes the dominant nature of work over job titles in labour law.
7 mutual funds trim their exposure in 18 smallcap stocks in December
Seven mutual funds trimmed exposure across 18 smallcap stocks in December, with stake reductions seen in names such as HUDCO, BSE, City Union Bank and Craftsman Auto, reflecting cautious portfolio rebalancing amid market volatility.
A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian property, as ignorance of tax laws was deemed an insufficient reason for the delay.
ET Wealth Reader's Query: I sold shares worth Rs.5 lakh (long-term) and redeemed mutual funds worth Rs.24 lakh, largely long-term. Unfortunately, I invested the entire amount through a bogus trading portal and lost all the money. Will there still be any tax implications on these gains?
Tenant cant tell landlord which property to use: Supreme Court restores eviction order
The Supreme Court has ruled that tenants cannot dictate alternative premises (property) to a landlord. Thus the Supreme Court upheld a landlord's bona fide need for eviction. The apex court restored an eviction order for a Mumbai property, emphasizing that a tenant cannot dictate the suitability of accommodation or business location. The tenant has until June 30, 2026, to vacate.
Parag Parikh Flexi Cap Fund: ITC and Infosys among stocks bought and sold in December
ESOP tax rules trap expatriates and returning Indians; why Budget 2026 should bring clarity on this
Budget 2026 needs to fix stock option tax confusion for cross-border employees. Current rules create hardship for expatriates and returning Indians. Experts urge clear guidelines for taxing Employee Stock Option Plans earned across different countries. This will reduce disputes and improve compliance for mobile workers. The government aims for tax certainty and ease of doing business.
9 Buy Now, Pay Later mistakes we make that can damage our credit score
NFRA seeks AI tools to improve financial reporting quality
The initiative aims to generate explainable compliance reports, risk analytics and AI-driven insights for regulators
Best aggressive hybrid mutual funds to invest in January 2026
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to conservative equity investors to create wealth to achieve their long-term financial goals.
The Madhya Pradesh High Court ruled that Aadhaar and voter IDs are not conclusive proof of date of birth in service law. The court reinstated Pramila as Anganwadi Sahayika, quashing the reinstatement of Hirlibai based on these documents and ordering recovery of Hirlibai's salary.
Even with inherited property and bank balance, wife entitled to maintenance in this case: Delhi HC
The Delhi High Court ruled that inherited properties and gifts to a wife cannot be considered her income to deny maintenance. Even with assets and qualifications, a wife is entitled to support if her actual income doesn't match her marital lifestyle. The court upheld a Rs 50,000 monthly interim maintenance order for the wife.
Bank holiday today 2026: Banks in some states are closed today, January 15, 2026, for Makar Sankranti and related festivals. In Maharashtra, banks are also shut due to municipal corporation elections. These closures will affect various banking services across the affected states.
Shareholders approve Shriram Finances MUFG deal proposal
Under the terms of the deal signed last month, MUFG will acquire 20 per cent stake in Shriram Finance for $4.4 billion
Bank deposits and loans soared in the last fortnight of Q3FY26
In the fortnight ended December 31, 2025, deposits of all scheduled banks soared by 7,34,623.39 crore
RBI recognises FEDAI as an SRO
FEDAI has been given one year to bring its functioning and governance framework in line with the Omnibus SRO framework
RBI grants in-principle approval to SMBC to set up a wholly-owned subsidiary in India
The decision comes after SMBC pciked up 24 per cent stake in YES Bank last year.
Earnings preview: HDFC Bank likely to post modest earnings growth in Q3
HDFC Banks overall advances and deposits rose 12 per cent y-o-y each to 28.45 lakh crore and 28.59 lakh crore, respectively, as on December end
IOB Q3 profit up 56% y-o-y on credit growth, tax regime change
Robust credit growth and shift to new tax regime by the lender aids net profit growth
Germany's DEG makes maiden bet on India debt fund via Vivriti's GIFT City vehicle, sources say
German development finance institution DEG has approved its first-ever investment in an Indian debt fund, committing capital to Vivriti Asset Management's asset-backed securitisation fund based in GIFT City, two people familiar with the matter said.
Gold at Rs 1.4 lakh and silver at 2.62 lakh: Sell, hold or buy what should investors do now?
Record gold and silver prices: Gold and silver prices surged to record highs on January 14, 2026, driven by geopolitical tensions and trade tariff threats. Gold's year-to-date return reached 5.16%, while silver saw a 15.02% increase. Experts advise new investors to consider staggered investments, and existing investors to book partial profits amid continued price volatility.
Union Bank Q3FY26 net profit up 9% at 5,017 cr
Bottomline supported by lower provisioning burden, including towards bad loans
S Naren re-appointed as executive director of ICICI Prudential Asset Management Company for 2 years
ICICI Prudential AMC reappointed Sankaran Naren as executive director for two years starting July 2026, subject to shareholder approval. The board also reappointed Antony Jacob as independent director, reinforcing leadership continuity at one of Indias largest asset managers.
NPS Vatsalya rules explained: Eligibility, contributions, withdrawals and exit options
Home or retirement facility? How seniors should prepare financially
PPFAS, Zerodha Mutual Fund among 8 AMCs with over Rs 1,000 Crore inflows in Dec
Choosing your first credit card? 9 smart checks to make before you say yes
Getting your first credit card marks an important step in your financial journey. It builds credit history, offers convenience, and provides rewards on everyday spending. Understanding how rewards work, matching cards to your lifestyle, and knowing hidden costs can transform your card from a simple payment tool into a smart financial asset.
Specialised Investment Funds saw inflows double to Rs 1,933 crore in December, led by hybrid strategies. Passive funds, SIPs, and equity schemes also posted strong inflows, highlighting sustained investor confidence despite market volatility, according to AMFI data.
Quant Mid Cap Fund exited IRCTC in December, sold GMR Airports shares, and added stakes in Anthem Biosciences, PB Fintech, SBI Cards, Premier Energies and Godrej Properties. Biocon entered the portfolio. AUM stood at Rs 8,057 crore, with exposure largely unchanged elsewhere amid cautious positioning by the fund management team.
