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Jagdishan decides to not seek re-appointment as HDFC Bank Chief
The private lenders board decides to fast-track the process for selection and appointment of Mr. Jagdishans successor well within time
Chandra allowed to pay just 6.5 crore against admitted claims of 22,006.57 crore
India's HDFC Bank CEO not seeking reappointment, to retire in October
The bank informed the exchanges of CEO Jagdishans decision
Canara Bank, which held a 1.60% voting share, said it had voted against the repayment plan and will file an appeal before the National Company Law Appellate Tribunal
These 12 equity mutual funds turned a Rs 10,000 SIP into over Rs 11 crore
An ETMutualFunds analysis found 12 equity mutual funds that turned a Rs 10,000 monthly SIP into more than Rs 11 crore since inception, led by Nippon India Growth Mid Cap Fund.
Parag Parikh Liquid Fund among 5 low-cost mutual funds that delivered strong 6-month returns
Five mutual funds delivered strong six-month returns while maintaining relatively low expense ratios. Parag Parikh Liquid Fund was among the top performers, with a 3.34% return and 0.10% expense ratio.
IDBI Bank stake sale: Employee forum flags hidden value in land, properties
Many properties may have been acquired decades ago at historical costs, while current commercial value in metropolitan and prime urban locations, could be substantially higher
AMFI re-elects Sundeep Sikka as Chairman, Vishal Kapoor as Vice Chairman
AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman for another term. Sikka, MD and CEO of Nippon Life India Asset Management, and Kapoor, CEO of Bandhan AMC, were unanimously re-elected by the Board after AMFI
JioBlackRock Mutual Fund to launch balanced advantage fund in September. Check dates and key details
JioBlackRock Mutual Fund will launch the JioBlackRock Balanced Advantage Fund in September, with the NFO open for subscription from September 11 to September 25. The fund will invest dynamically in equity and debt instruments. Here are the key details, including the NFO dates, asset allocation, benchmark, fund managers and risk level.
New labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried individuals. Salaried employees having Rs 15 lakh CTC may get up to Rs 7,928 less net take home pay after new labour code is applied; Know what happens for Rs 10 lakh, 25 lakh and 50 lakh CTC.
Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of regulations. Stricter rules apply to agricultural lands and farmhouses, particularly regarding their sale and repatriation. The method of repatriating sale proceeds varies based on the property's origin and classification.
Explained: Want to calculate the future value of your Rs 10,000 SIP? Heres the formula
A Rs 10,000 monthly SIP can grow into a sizeable corpus over time, but the final value depends on the investment duration and expected returns. Heres how investors can use the future value formula to estimate their SIP corpus at different return rates.
Revamping aged societies opens the door to fresh residential and commercial opportunities in Mumbai. Choosing between hiring a builder or embarking on self-redevelopment requires careful legal and technical assessments. The self-redevelopment route, supported by government initiatives, can be beneficial. Success relies on meticulous planning and strong consensus among members for the project to thrive.
ITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2026. This due date was extended from July 31st to August 31st pursuant to an amendment in the Finance Act, 2026 in Budget 2026.
Saturday bank holiday: August 2026 features significant celebrations such as Ker Puja and Independence Day that will influence bank schedules. To stay informed, customers are encouraged to refer to the RBI holiday calendar for detailed updates.
Fed Chair Kevin Warsh says inflation isnt slowing, vows to reach 2% target
Financial markets increased bets on a September rate hike after Warsh offered a clearer assessment of inflation and monetary policy priorities
RBI to conduct VRRR auction for 6 lakh crore on Aug 31
This auction comes in the backdrop of the banking system being awash with liquidity
The Latest Fixed Deposit Interest Rates: Aug 28, 2026
The Latest Fixed Deposit Interest Rates: Aug 28, 2026
The Latest Home Loan Interest Rates: Aug 28, 2026
The Latest Home Loan Interest Rates: Aug 28, 2026
Lenders to turn cautious on personal guarantee after NCLT verdict in Chandras case
Poor recoveries may prompt tougher scrutiny of guarantor assets and repayment plans
RBL Bank gets 104-cr GST demand notice
Based on its assessment, including favourable orders received from the GST authorities on identical issue for FY19 and FY20, the bank believes that it has adequate grounds to contest the matter on merits
Black money case: ITAT quashes tax demand & penalty
Invesco India Pharma and Healthcare Fund NFO is open for subscription. 7 key details to know
Invesco India Mutual Fund has launched its Pharma and Healthcare Fund, open until September 1. The thematic scheme will invest across pharma, hospitals, diagnostics, CDMOs, medical devices and healthcare services, with a minimum investment of Rs 1,000.
Top 5 SIFs deliver upto 14% return in 3 months, QSIF Active Asset Allocation SIF leads
The top five SIF strategies delivered returns of up to 13.39% over the last three months, with long-short and hybrid strategies dominating the list. QSIF Active Asset Allocator Long-Short Fund topped the performers with a 13.39% return, followed by QSIF Equity Ex-Top 100 Long-Short Fund at 12.58%, according to SIF360 data.
As per RBI guidelines for on tap licensing of SFBs in the private sector, existing Payments Banks which are controlled by residents and have completed five years of operations are eligible for conversion into SFBs
Consistent performers: 49 equity mutual funds deliver over 15% CAGR in 3 and 5 years
Around 49 equity mutual funds delivered over 15% CAGR in both the last three and five years, according to an ETMutualFunds analysis. HSBC Midcap Fund topped the three-year return chart, while Motilal Oswal Midcap Fund led over five years. The analysis excluded sectoral and thematic funds and covered regular growth options.
HDFC Bank, Federal Bank hike FD rates: Senior citizens can earn up to 7.20%
HDFC Bank has raised its senior citizen FD rate to 7.10%, while Federal Bank now offers up to 7.20% on select tenures
Karnataka Bank launches Capital Gains Account Scheme
Karnataka Bank has launched the Capital Gains Account Scheme (CGAS), offering customers a convenient and compliant banking solution to deposit unutilized capital gains while planning eligible reinvestments under the provisions of the Income-tax Act.
Indian Bank targets 1,500 crore treasury income in FY27
The PSU lender expects treasury income of Rs 1,000-1,500 crore this financial year after first-quarter earnings of Rs 500 crore beat its Rs 300 crore estimate.
Alpha Wave Global exits Aye Finance with 322-crore block deal
The transactions were executed on Thursday at prices ranging from 168.02 to 168.19 apiece, according to data on the BSE.
Looking for top-performing smallcap mutual funds? These 5 delivered over 20% returns in 3 years
Five smallcap mutual funds delivered over 20% annualised returns in the last three years.
Raghuram Rajan urges Fed to raise rates, says rupee is not in panic zone
Rajans comments come as investors await Kevin Warshs Jackson Hole speech for clues on the Federal Reserves policy direction and rate outlook
PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap
PPFAS Mutual Fund has announced feature and nomenclature changes across its schemes, including its flexi-cap, large-cap, ELSS, arbitrage and conservative hybrid funds. The changes, effective August 26, revise investment allocations and scheme nomenclature across the fund houses offerings.
Your first 1 lakh shouldn't go into stocks: Build this safety net first
SIP, insurance, emergency fund: The money checklist every salaried Indian needs
Rupee declines 10 paise to 95.55 against US dollar during early trade
The rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies. However, a marginally weaker greenback and a fall in global crude oil prices to levels below USD 90/barrel prevented a sharper decline in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close. The rupee pared initial gains and settled for the day lower by 1 paise at 95.45 against the US dollar on Thursday. The rupee is expected to be in a narrow range of 95.40 to 95.60 (on Friday) with the Reserve Bank of India (RBI) protecting the upper end, while the lower end is bought by oil importers, month-end demand and importers, Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Forex traders further said market participants will closely monitor US
This Raksha Bandhan 2026, consider the thoughtful gift of a mutual fund SIP to nurture long-term wealth. This investment approach fosters consistent saving, allowing your funds to compound impressively over time. A small monthly contribution can accumulate into a substantial amount in fifteen years. Selection of the appropriate fund type should reflect your sibling's financial goals and current investments.
Retiring early with VRS? Know its taxation
Motilal Oswal picks 4 auto stocks riding 34% sales growth, and also a risk warning
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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.
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
Can NRIs invest in sovereign gold bonds? What the latest SGB investment rules say
Sovereign gold bonds: Non-Resident Indians cannot invest in Sovereign Gold Bonds currently. However, existing bondholders can continue holding them until maturity. NRIs can invest in physical gold and digital gold options. These include gold mutual funds and gold ETFs. A demat account is required for digital gold investments.
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.
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.
13 midcap stocks deliver over 25% profit growth for two straight quarters; shares surge up to 118%
Thirteen BSE midcap stocks delivered over 25% year-on-year profit growth for two consecutive quarters and gained 40%-118% over the past year, signalling strong earnings momentum and investor interest.
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
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
India's fiscal outlook brightens with govt set to exceed asset sales target
A long-delayed privatisation of IDBI Bank will likely see the government surpass its 80,000 crore ($8.4 billion) annual disinvestment and asset-monetization target
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
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.
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