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RBL Banks board reconstituted following Emirates NBD Bank taking majority stake
This will enable RBL Bank to be positioned as a leading large bank, going ahead
SBI sets out digital, green growth path; Govt earns 8,800 crore dividend
SBI outlines a digital, sustainable growth strategy, pays an 8,800 crore dividend for the government amid strong profitability
RBIs balance sheet expands even as global peers contract
Data from central bank reports show a widening contrast between emerging and developed economies
SBI Board approves 60,000 crore fundraising plan for FY27
SBI has been actively tapping the bond market in recent months as part of its capital planning
Sify Infinit Spaces secures sustainability-linked loan of $70 million from IFC
IFC will also work with SISL to mobilizse up to $300 million to support the companys growth and expansion in India
Mistrys tenure as HDFC Banks interim Part-time Chairman extended by 3 months
Mistry was brought in as Atanu Chakraborty tendered his resignation as the PT Chairman and Independent Director of HDFC Bank on March 17, 2026.
Muthoot Fincorp launches NCD issue
The company stated that net proceeds from the issue will be used for lending, financing, repaying existing borrowings, and general corporate purposes
IIFL Capital Services launches next-gen algorithmic trading platform
The platform offers access to more than 100 ready-made algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base
PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providers
The Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo audits. This directive, effective from April 1, 2026, to March 31, 2027, ensures compliance with NPS rules, KYC norms, and proper handling of subscriber funds.
EPFO: Has Employees' Provident Fund Organisation changed 8.25% EPF interest rate for FY25-26
EPF interest rate: The government has approved an 8.25% interest rate for Employees Provident Fund deposits for the fiscal year 2025-26. This rate remains unchanged for the third consecutive year. Over seven crore members are expected to receive this credit soon. Members can check their EPF balance through the Umang app, EPF member e-sewa portal, missed calls, or SMS.
Emirates NBD completes acquisition of majority stake in RBL Bank with $2.75 billion investment
The transaction, which was announced on October 18 last year, was completed after receiving all regulatory approvals and fulfilment of closing conditions
Quant Mid Cap Fund: Adani Energy and Paytm among stocks bought and sold in May
Quant Mid Cap Funds AUM rose to Rs 8,109 crore in May. The fund added Adani Energy, Indus Towers, Lenskart Solutions, Persistent Systems and Torrent Pharmaceuticals, exited select holdings, raised exposure to Nippon Life India Asset Management and adjusted sector allocations across telecom, power and financial services.
Equitas SFB hikes USD FCNR (B) deposit rate to 7.13% pa for select tenure
The interest rate increase follows Reserve Bank of Indias special FCNR (B) swap facility, aimed at encouraging higher NRI fund inflows into India
Mutual funds added these 4 new stocks to their portfolios in May. Check details
Mutual funds introduced four new stocks into their portfolios in May, according to Prime Database disclosures. Afcom Holdings saw the highest inflows, followed by Q-Line Biotech, Ratnaveer Precision Engineering and Paramount Communications. These additions reflect ongoing portfolio reshuffling by fund houses to capture emerging opportunities across segments.
Gold prices remained largely steady across major Indian cities on June 18, 2026, with 22k gold jewelry priced at Rs 13,895 per gram at Tanishq and Rs 13,850 per gram at other leading brands. The India Bullion and Jewellers Association (IBJA) reported a marginal decline in gold rates and a fall in silver prices compared to the previous day.
Paying rent but not receiving HRA? Heres how non-salaried individuals can claim tax deduction
Self-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Section 80GG of the Income Tax Act. This deduction, capped at Rs 60,000 annually, is available only under the old tax regime and requires filing Form 10BA. HRA exemption and Section 80GG are mutually exclusive.
Explained: Thinking of investing in life cycle funds? Here's what investors should know
Tax-free income in India: 8 types of income you dont need to pay any tax on
Tax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provident fund withdrawals to gifts from relatives and insurance payouts, understand how to keep more of your money.
5 midcap mutual funds deliver over 20% return in 3 years. Are there any included in your portfolio?
Five midcap mutual funds have delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund. ICICI Prudential, Invesco India, WhiteOak Capital, and Nippon India Growth also featured among top performers, reflecting strong midcap segment momentum and consistent investor interest in higher-growth equity funds.
A man has won Rs 15,000 compensation after a Jalandhar restaurant charged him Rs 151.53 as service charge. The Consumer Commission ruled the charge was an unfair trade practice. The restaurant claimed it was staff contribution but bills showed service charge. The commission found no proof of consent for the mandatory levy.
ITR Filing: Tenants paying over Rs 50,000 rent must check this TDS requirement
Property vs equity: Which asset class creates more wealth over the long run
Mutual funds cut PSU bank exposure to 8-month low in May. Warning sign or buying opportunity?
Mutual funds have cut their stake in PSU banks to an eight-month low. This move has led to discussions about whether it signals caution or presents a buying chance. Experts suggest focusing on company fundamentals and valuations rather than solely on institutional shifts. The sector has seen strong performance, prompting some profit booking and portfolio rebalancing by fund managers.
The case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noida. They were promised the possession of the flats in two years by 2012. However, following alleged disputes over land, the society shifted the project to Ghaziabad.
Taxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed under FY 2025-26. Failure to correct will prevent TDS credit for Tax Year 2026-27, increasing tax liability. The new TRACES portal does not yet support this correction. Timely correction ensures proper tax credit and avoids disputes.
Best conservative hybrid mutual funds to invest in June 2026
Mutual fund advisors are predicting 2026 as the year for hybrid funds, especially for new investors navigating economic uncertainties. Conservative hybrid funds, with a majority allocation to debt and a smaller portion to equity, offer a cautious entry point. These funds aim to provide slightly enhanced returns through a limited equity exposure.
Dolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The ITAT Chennai ruled she is an investor, not a trader, allowing the loss to be treated as a capital loss. This decision was supported by a 2016 CBDT circular and her consistent investment history.
8th Pay Commission arrear: Central government employees await the 8th Pay Commission's recommendations, with meetings underway. Arrears for top-level employees (Level 15-18) could range from 36.44 lakh to over 93 lakh for a 20-month delay, depending on the fitment factor. These figures are estimates until the official report is implemented.
Removes the restriction on interest rates on NRE deposits of 3 year and above tenors.
RBI conducts two VRR auctions to address liquidity tightness in banking system
The VRR auctions infused liquidity amounting to 72,300 crore in the banking system at a weighted average rate of 5.26%
Microfinance sector sees 17% contraction in portfolio in FY26: SIDBI-Equifax report
The POS of the microfinance sector declined to 2,77,053 crore as at March-end 2026 from 3,35,060 crore as at March-end 2025 and 3,77,706 crore as at March-end 2024
InCred Money gets Sebi in-principle nod for mutual fund licence, plans launch in 6-9 months
InCred Money has secured Sebi's in-principle approval for a mutual fund licence, marking a key step toward launching its asset management business. The company plans to build a digital-first AMC and expects to go live after completing regulatory and operational requirements.
Axis Bank witnesses high double-digit decline in frauds, backed by AI-led intelligence system
The bank witnessed around 40 per cent reduction in fraud incidents in last financial year compared to previous financial year
How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs
The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign currency inflows by allowing banks to offer higher rates on these deposits, benefiting Non-Resident Indians planning to open or renew them.
The Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their Income Tax Returns (ITR) for AY 2026-27. However, different due dates apply based on income sources and audit requirements, with some non-audit businesses and professionals now having until August 31, 2026.
Gold rate today: Gold prices saw a slight dip across major Indian cities on June 17, 2026, following a decline in domestic bullion rates. Major jewelers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas reported a decrease in 22k gold prices compared to the previous day.
Gen Z investors lead in mutual fund portfolio switching during periods of uncertainty: Report
Gen Z investors are more likely to switch mutual fund portfolios during uncertain market conditions compared to older cohorts, a report shows. While younger investors rely heavily on digital platforms and peer influence, older groups prefer advisors and exhibit higher trust and lower switching behaviour across market cycles.
9 equity mutual funds cross Rs 70,000 crore AUM; top 3 manage over Rs 1 lakh crore each
Nine equity mutual funds managed over Rs 70,000 crore AUM in May 2026, with Parag Parikh Flexi Cap leading above Rs 1.41 lakh crore. HDFC, SBI, ICICI, Nippon, and Kotak funds also featured prominently.
Capitalmind Flexi Cap Fund adds Nestle India and 10 others, exits SBI and 14 others in May
Capitalmind Flexi Cap Fund made significant portfolio adjustments in May. The fund welcomed Nestle India and eleven new stocks. It also divested holdings in State Bank of India and fourteen other companies. Exposure was increased in sixteen stocks, including NMDC and Indus Towers. The fund's portfolio now holds thirty-eight stocks across sixteen sectors. Healthcare and non-ferrous metals are key allocations.
PM Kisan 23rd installment 2026: Farmers across the country are eagerly awaiting the PM Kisan Scheme date 2026 and looking for updates on the next payout under the PM Kisan Scheme.
PPFAS Mutual Fund among six AMCs with over Rs 10,000 crore cash in May portfolios
Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US dollar deposit rates. These schemes, effective from June 2026, offer interest rates up to 6.50% p.a. for tenures of 3 to 5 years, with a one-year lock-in period.
Chinas central bank hints at shift to fed-style rate setting
A shorter-term policy anchor may give the PBOC greater precision and flexibility in steering market conditions
7 key rules about EPS-95 pension: Eligibility, pension formula, benefits, and more
Quant Mutual Fund among 7 AMCs to receive over Rs 1,500 crore increase in AUM in May
There are now 50 AMCs, of which 40 AMCs saw an increase in their AUMs in May. Here is a detailed breakup
The problem with owning 13 mutual funds to reach Rs 4.67 crore goal
An investor's 13-mutual fund portfolio, aiming for Rs 4.67 crore, was deemed over-fragmented and style-overlapping. An expert advised consolidating to 6-7 high-conviction funds, reducing gold/silver allocation, and shifting towards growth-oriented equity strategies for better long-term wealth creation.
HDFC Bank prices $750 million bond in largest offshore deal by lenders since 2023
The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales.
New labour code: 3 employee-friendly changes that could make working life easier
New labour codes and central government rules simplify employee compliance by consolidating 29 fragmented laws into a unified framework. This brings procedural clarity, electronic filings, and a single registration system, enhancing transparency and formalizing employment. Employees benefit from expanded protections, including gratuity for fixed-term workers and dedicated schemes for gig workers.
India's top regional builders are going national; What it means for investors and homebuyers
A woman received Rs 20 lakh in permanent alimony as part of a divorce settlement. Despite agreeing to withdraw all cases, she continued criminal proceedings against her former husband's parents. The Rajasthan High Court deemed this an abuse of the court process. The court quashed the cases, stating the wife's actions were intended to harass the elderly parents.
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDS
NRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE interest is tax-free in India, while NRO interest attracts TDS and taxation. However, DTAA benefits may reduce the tax burden on NRO income and help avoid double taxation.
The All India Defence Employees Federation (AIDEF) has urged the 8th Pay Commission to replace the AICPI-IW-based inflation measure with a dedicated cost-of-living index for central government employees and pensioners. It argues the revised CPI underestimates rising expenses on food, healthcare, housing and education, leading to inadequate DA, DR, pay revisions and pension protection.
Can DigiLocker replace your bank locker? What you need to know about storing important documents
Indians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers convenient digital access for routine verification, experts emphasize that original physical documents like property deeds and Wills remain crucial for legal and financial transactions. Both methods have security and succession planning considerations.
How Life Cycle Funds aim to simplify long-term wealth creation
Indian mutual fund houses are launching Life Cycle Funds, a new goal-based investment product. These funds automatically adjust asset allocation, starting with equities and shifting to safer debt as a target year approaches. Designed for long-term goals like retirement, they simplify investing by eliminating manual portfolio rebalancing. Investors should review the fund's glide path and compare it with other options.
RBI eases capital norms for ECLGS 5.0 loans, cuts risk weight
As per the revised framework, 75% of the guaranteed portion will attract a zero risk weight, while the remaining exposure will carry a 20% risk weight under existing norms
Banks dangle mega returns to lureNRIstoFCNR(B) deposits
Besides high interest, lenders are offering significant leverage on the deposits
Canara Bank launches new FCNR(B) Special Deposit Scheme for NRIs
Offers up to 6.50% p.a. on USD deposits with tax benefits and loan facility
ICICI Pru Life Insurance launches ULIP with fixed maturity benefit, life cover
ICICI Pru Signature Secure offers a simple proposition invest once, stay protected through life cover during the policy term
EPFO 3.0 features 2026: Check auto-claim limits, UPI withdrawals and member checklist
Recurring Deposits offer a safe way to build savings with fixed monthly investments. Investors can choose between banks and post offices for their RD accounts. Interest rates vary, with post offices offering a competitive 6.7% for a five-year tenure. Banks also provide attractive rates for similar periods. Maturity amounts depend on monthly investment and tenure.
RBI launches awareness campaign against cyber financial frauds
RBI Reelathon 2026 is designed as a three-phase state-wide awareness initiative
SBI Mutual Fund: RIL, Infosys and HDFC Bank among top 10 stock holdings in May
IT rebound may lack legs, outlook remains cautious: Sunil Singhania
Speaking at the ET NOW Markets Summit 2026, Singhania said that although valuations in the sector have become more reasonable after the sharp correction, he remains unconvinced about the long-term growth prospects of pure-play IT services companies.
Gold rate today: Gold prices saw a slight dip across major Indian cities on Tuesday, June 16, 2026, with leading retailers like Tanishq and Malabar Gold & Diamonds reporting marginal declines. This follows a cautious market sentiment influenced by geopolitical developments and potential shifts in US interest rates, as indicated by market analysts.
Raymond Realty among 6 stocks from which mutual funds made complete exit in May
Mutual funds completely exited six stocks in May, including Navkar Corporation, Garuda Construction, and Shriram Properties. The portfolio reshuffle involved selling holdings worth over 32 crore to optimize returns and allocations.
RBI invites young professionals to work with central bank at 1.5 lakh/month stipend
The recruitment drive focuses on filling a total of 12 positions across diverse specialised domains, including artificial intelligence, quantum technology, cyber security and climate change risk
PPF, SSY to SCSS: 5 government-backed schemes offering up to 8.2% interest in 2026
RIL, HDFC Bank, ITC among JioBlackRock Mutual Fund's top 10 stock holdings in May
The fund house had the highest holding in two bank stocks - HDFC Bank and ICICI Bank of around 6.62% and 5.36% respectively as a percentage of equity AUM.
The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bonds 2020-21 Series-III. Investors can redeem these bonds from June 16, 2026. The redemption price is fixed at Rs 14,774 per unit. This offers a substantial return of 219% on the initial investment. Sovereign Gold Bonds are government securities backed by the RBI.
HDFC Bank to hit dollar bond market under new subsidised scheme
Bank may raise over $500 million through a five-year dollar bond amid strong investor demand.
Quant Mid Cap Fund adds Adani Energy and 4 others, exits Paytm and 3 more stocks in May
Quant Mid Cap Fund, managed by Sandeep Tandon, has strategically adjusted its portfolio in May. The fund added Adani Energy and four other stocks while exiting Paytm and three other companies. This move reflects a dynamic approach to capturing growth opportunities within the mid-cap segment.
Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?
ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesnt offer PF, my EPF account has been inactive. The corpus is about Rs 32 lakh, and Im considering withdrawing and reinvesting it. Will the withdrawal be tax-free since my total service exceeds five years? Are there better options than withdrawal, such as transferring to NPS? What would be a good long-term investment strategy for this?
Loan against shares: 7 things every investor must know
10-year benchmark G-Sec yield drops to 7% in May amid favourable regulatory shifts
The domestic debt market received notable structural updates during this period, which modified the operating landscape for overseas capital
Best arbitrage mutual funds to invest in June 2026
Arbitrage mutual funds offer attractive after-tax returns for investments held over a year, taxed at 12.5% like equity funds. These funds exploit price differences between cash and derivatives markets, with volatility potentially boosting opportunities. They are suitable for investors not wanting to time interest rates.
A property dispute between a deceased man's son and his stepbrother has reached the Calcutta High Court. The court has ruled that only a civil court can decide who has rights to the property. The High Court has directed police to take custody of the house keys until the civil court resolves the matter.
Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the details
Even if you only incurred losses from equity or mutual funds and your total income is below the basic exemption limit, filing an Income Tax Return (ITR) is generally not mandatory unless you wish to carry forward these losses. However, long-term capital gains from listed equities, even if below Rs 1.
RBI eases investment rules for NRIs, OCIs; permits designated repatriable rupee accounts
The Reserve Bank of India has updated investment rules for Non-Resident Indians and Overseas Citizens of India. Individuals residing outside India can now maintain designated repatriable rupee accounts for investments.
The 8th Pay Commission's deadline for submitting memorandums remains June 15, 2026. No further extensions will be granted. The commission is actively holding meetings with stakeholders in cities like Lucknow, Bhubaneswar, and Kolkata. These discussions are crucial for preparing the commission's report on pay, pensions, and working conditions for central government employees.
Government to sell up to 5% stake in General Insurance Corporation
OFS opens for non-retail investors on June 16 and for retail investors on June 17
RBI to Banks & NBFCs: Ensure policies and practices do not create incentives for mis-selling
Banks and NBFCs must ensure suitability and explicit customer consent from January 2027
Sebi revamps ETF trading rules, introduces dynamic price bands from September
Sebi has introduced a new framework for ETFs, replacing fixed price bands with dynamic limits and revising base price calculations. The changes aim to improve price discovery, better reflect underlying asset movements and enhance trading efficiency across equity, debt and commodity ETFs.
India Inc raises more via CPs vis-a-vis corporate bonds in FY27 so far
In the current financial year (up to June 12, 2026), there were 1,920 CP issuances by companies aggregating 4,39,693 crore
Sebi proposes changes to ETF base price, price band rules
India's markets regulator, SEBI, is proposing new rules for exchange-traded funds. These changes aim to bring the trading price of ETFs closer to the actual value of their underlying assets. SEBI is looking at how ETFs are priced for trading, with new methods for setting price bands. This move could impact how investors trade ETFs in the future.
