35 C 
Sukanya Samriddhi account interest rate 2026: Has SSA rate changed for AprilJune quarter?
City Union Bank will continue focus on trust, customer service, and ease of banking, says new MD
We are not looking to bring in any drastic changes to a system that has seen robust growth over the last 15 years, said Vijay Anandh, the incoming MD and CEO of City Union Bank
Gold prices experienced a dip on April 29, 2026, as per rates updated by major jewellery brands like Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds. Retail gold rates on IBJA also showed a minor decline, reflecting global market influences on precious metal prices.
Planning to invest lumpsum for 5 years? Here are top 5 mutual funds that lead the chart
Avoid EPF claim rejection by updating your KYC online through UAN; Follow this 5-step process
Members no longer need to fill any lengthy physical forms, or pay an office visit anymore. All they need to update EPF KYC online is their Aadhaar details and internet. Heres a look at a simple step-by-step guide for updating EPF KYC online and avoiding claim rejection.
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it works
A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting foreign assets, including ESOPs. This scheme aims to reduce penalties and litigation under the Black Money Act, offering relief for inadvertent reporting errors and missed disclosures.
Groww Banking & Financial Services and 4 other banking sector funds had cash allocation up to 9%
Banking sector mutual funds held up to 9% of their assets in cash as of March 31, 2026, signalling a cautious stance amid market conditions. Groww Banking & Financial Services Fund topped the list, followed by Taurus, LIC MF, Baroda BNP Paribas, and Mahindra Manulife funds with notable cash allocations.
UAE OPEC exit signals de-dollarisation, positive for India's Oil for rupee: Kotak Securities
Impact hinges on Hormuz supply normalisation, says Anindya Banerjee
Edelweiss Mid Cap Fund among 13 equity mutual funds to offer over 20% CAGR in 3 and 5 years
A recent analysis revealed that thirteen equity mutual funds have delivered over 20% CAGR in both the last three and five years. Among these top performers, seven were midcap funds, four were smallcap funds, one was a multicap fund, and one was a large and midcap fund. These funds represent strong historical performance in the Indian mutual fund market.
Central government employees' representatives met with the 8th Pay Commission, requesting a deadline extension for memorandum submissions to May 31, 2026. Key discussions included the revival of the Old Pension Scheme and proposals for separate meeting times for various employee bodies. The NC-JCM also urged the commission to visit industries like Railways and Defence to assess working conditions.
Lok Adalat in Noida on May 9: Settle traffic challans & cases quickly; heres how
A Lok Adalat will be held at Surajpur Court in Noida on May 9, 2026. This event offers a chance to quickly settle pending UP police traffic challans and various other cases. Citizens can resolve matters like motor accident claims, matrimonial disputes, and civil cases through mutual consent.
Paytm's approach with Paytm Payments Bank secures core business growth, profitability
Post the regulator's action in 2024, Paytm transitioned to a multi-bank model for its UPI services, partnering with leading banks to ensure uninterrupted payments for its users
ICICI Prudential Mutual Fund announces change in fund management of two funds
ICICI Prudential Mutual Fund has announced changes in fund managers for two schemes effective May 1, with S Naren exiting both. The Passive Multi Asset FoF and Global Advantage FoF will see revised management structures. The update comes amid ongoing reshuffles within the fund houses portfolio management teams.
The richest, exhausted people in the room: India's high-CTC burnout epidemic in 8 takes
Fake job listings on the rise; 3 smart ways to spot ghost hiring
Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27
Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clarifies interest computation for past tax years and allows tax refunds to be set off against demands under either the old or new Income Tax Acts, simplifying processes for taxpayers.
Best medium to long duration funds to invest in April 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.
Q4 ResultsToday, April 29, 2026, Live Updates: Catch live updates
Bank holidays in May 2026: Check full list of state-wise bank holidays
May Bank holidays: May 2026 will see numerous state-specific bank holidays across India, impacting operations on various dates. Key closures include Maharashtra Din, Buddha Pournima, May Day, and several birth anniversaries, culminating in Eid-UI-Adha.
After a pay raise, how much more should you put into SIPs?
Following a salary hike, investors face the question of increasing monthly SIP contributions. Financial planners advise annual increases to combat inflation and align savings with rising income and goals. Automating these increases via step-up SIPs or top-ups is an option, though manual reviews are also recommended to adapt to real-world financial changes.
JPMorgan CEO flags risk of sharper private credit downturn
While noting that the $1.8 trillion private credit market may not pose systemic risks, Dimon flagged concerns about potential stress for some firms and banks
Punjab & Sind Bank plans to raise 3,000 crore through stake sale
The board has given approval for fund mobilisation of 10,000 crore through various instruments
Star Health posts net profit of 111 crore in Q4 on business growth
Net earned premium for Q4FY26 grew around 14 per cent year-on-year to 4,327 crore
Bank of Baroda launches Indian Sign Language support through video calls
The public sector bank said the ISL service is available across five key customer touch points: website, mobile banking app, WhatsApp Banking, Phygital Branches, and ADI (GenAI-powered chatbot)
RBI launches capacity-building training initiative for UCB
The Mission is expected to enhance managerial and operational capabilities, improve the compliance culture, and strengthen institutional resilience across UCBs, per a RBI statement.
Bandhan Bank Q4 net up 68% at 534 crore on lower provisions
The Kolkata-headquartered banks net profit for the fourth quarter of FY25 stood at Rs 317.90 crore
SC upholds SBI-led banks as financial creditors in Reliance Infratel case
The Apex court set aside earlier rulings by the National Company Law Tribunal and National Company Law Appellate Tribunal, reaffirming that guarantee liabilities are enforceable even if not disclosed or improperly stamped
Punjab & Sind Bank plans 3,000-cr share sale this fiscal
Currently, the government of India holds a 93.85 per cent stake in Punjab & Sind Bank
Gold prices saw a dip on April 27, 2026. Leading jewellery brands like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds reported lower rates. The India Bullion and Jewellers Association also confirmed the decline. Consumers can check updated rates for 18k, 22k, and 24k gold across major cities. This offers a potential buying opportunity for gold enthusiasts.
8th Pay Commission Delhi meetings: Key demands, timeline & expected salary hike explained
SBI Life witnesses better premium growth rate in April, says MD & CEO Amit Jhingran
While we continue to exploit all the opportunities that are available on the bancassurance side, we also see opportunities that are available in the market to strengthen our agency channel as well
Bandhan Small Cap Fund, 6 others deliver over 20% CAGR since inception. Should you bet?
Bandhan Small Cap Fund has delivered the highest CAGR since its inception on February 25, 2020. The fund generated a CAGR of 28.79% and managed AUM of Rs 20,129 crore as of March 2026.
ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deducting TDS), which has been credited to my salary account. If I gift this amount to my wife and she puts it in a fixed deposit, will the interest earned be taxed in my hands or hers?
HSBC Mutual Fund announces launch of its SIF platform, RedHex
HSBC Mutual Fund introduces RedHex SIF, a new specialized investment fund in India. This offering provides investors with focused strategies and portfolio flexibility. It operates within the familiar mutual fund structure, emphasizing transparency and governance. RedHex SIF targets experienced, institutional, and HNI investors with a minimum investment of Rs 10 lakh.
Silver outperforms gold, equity, and bonds over 10 years. Heres how
Over the past decade, silver has outshone gold, equities, bonds, and real estate to become the best-performing asset class, driven by strong long-term returns and favourable supply-demand dynamics.
Rising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an add-on to existing insurance. A detailed comparison of plans from Care, HDFC Ergo, Aditya Birla, ICICI Lombard, and Niva Bupa helps policyholders choose the best fit for their needs and budget.
Staying late at work? Heres what Indias new labour laws say about overtime pay
Holding 15 mutual funds? Heres how to cut overlap and reach Rs 2 crore goal
Investors often over-diversify with too many mutual funds, leading to duplication and management issues. A viewer's portfolio of 15 funds was analyzed, revealing significant overlap. Experts recommend reducing to 5-6 high-quality schemes aligned with goals and risk, while also addressing the corpus shortfall.
New Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use is significantly reduced. Transactions like purchasing motor vehicles over Rs 5 lakh, opening demat accounts, and investing in mutual funds above Rs 50,000 now require a PAN.
Credit cards for NRIs and H-1B workers: Check features, fees, documents required and benefits
Non-resident Indians can now get credit cards in India. These cards offer benefits for spending both in India and abroad. Several banks like ICICI, IDFC FIRST, Kotak, and Axis Bank provide options. Features include reward points, lounge access, and waivers on fuel and foreign transactions. Applicants need to provide specific documents for approval.
SEBI bars Ashok Maheshwari, 7 others in front-running case
Orders 1.29 crore unlawful gains to be disgorged along with total penalties of 1.52 crore
Short sellers' bets on life insurance stocks soar as private credit concerns grow
Hedge funds ramp up positions on fears over opaque lending exposure and lack of transparency
When will your mutual fund investment become 4x? This rule has the answer
Rule 144 is simply 2 Rule 72. Just as Rule 72 estimates doubling time, Rule 144 estimates quadrupling time.
Stop loan fraud in your name: Credit freeze can protect your money and score
Fund finance market reaches $1 trillion driven by private credit, Moody's says
Private credit funds have also become key players both as borrower and lender in net asset value (NAV) loans, which are backed by a fund's underlying investments, Moody's noted
The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-I. Investors can redeem these bonds from April 28, 2026. The redemption price is fixed at Rs 15,124 per unit. This offers investors a substantial return of nearly 230% on their initial investment, excluding interest.
International funds have delivered up to 50% returns in one year, supported by a global tech rally, rupee depreciation, and strong earnings. But with fresh subscriptions halted due to RBIs overseas investment limits, experts say investors should stay invested, rebalance if allocation has risen sharply, and avoid chasing short-term returns.
Can you apply for credit card without income proof?
While income proof is often perceived as mandatory for credit cards in India, it's not always the case. Banks consider various factors beyond salary, including credit score and repayment history. Secured credit cards against fixed deposits offer an accessible route for those without traditional income proof, enabling them to build a credit profile.
Can you be forced to work on holidays? New labour law rules explained
Bosses often pressure employees to work on off-days for targets, but Indian labour laws protect your right to rest. Employees generally cannot be forced to work on Sundays or public holidays without consent or compensation. Documenting such requests is crucial for enforcing your rights and seeking compensation.
REITs, InvITs beat equities and debt in a six-year span
Alternative assets like REITs and InvITs have surpassed traditional investments. These instruments offer attractive returns and tax efficiency. Investors are increasingly drawn to these assets for predictable cash flows. The market cap of these listed entities provides ample diversification opportunities. Investors can anticipate strong internal rates of return over a four-year holding period.
RBI sets 6-month deadline to classify wilful defaulters after NPA tag
The amended guidelines, effective from April 1, 2027, aim to strengthen credit discipline and accountability
Credit card issuers can report accounts as past due only after three days of non-payment: RBI
A past due loan is a debt such as an EMI or mortgage, that has not been paid by its scheduled due date, which is usually 15-25 days after the credit card spend statement is generate
City Union Bank reports 25% profit rise in Q4FY26, approves bonus issue
Net profit for the fiscal year 2026 (FY26) was Rs 1326 crore, an 18% jump compared to Rs 1124 crore in FY25. At Rs 2,830 crore, net interest income registered a 22% jump
RBI to introduce ECL provisioning framework for banks and FIs from April 1, 2027
ECL approach requires pro-active provisioning rather than waiting for an asset to turn non-performing.
Piramal Finance reports surge in quarterly profit amid strong growth, one-off gains
The non-banking finance companys PAT also grew 25% sequentially from 401 crore in the December quarter, underscoring steady operational momentum
Karur Vysya Bank opens new branch in Thirupuvanam, expands Tamil Nadu presence
Strategically located near key agricultural and industrial hubs, the branch is expected to improve access to banking services and contribute to regional economic growth
Piramal Finance posts 1,506 crore PAT in FY26, AUM crosses 1 lakh crore
The full-year results were partly boosted by exceptional items totalling 1,509 crore
AU Small Finance Bank posts 65% jump in Q4 profit; files for universal bank licence
Net interest income for the March quarter grew 23 per cent year-on-year to 2,582 crore, while net interest margin expanded 24 basis points sequentially to 5.96 per cent
Tamilnad Mercantile Bank Q4 PAT rises 28%, dividend declared
At 61,712 Cr, deposits grew 15 per cent YoY in FY26, and at 53,379 Cr, advances saw a robust 20 per cent YoY growth
Nippon India MF posts 29% profit jump in Q4 FY26, AUM crosses 7.73 trillion
The company declared a total dividend of 21.50 per share for FY26, distributing approximately 91.5% of standalone earnings to shareholders
Acko plans $250 mn IPO, taps confidential route
Acko is aiming for a valuation of $22.5 billion (around 18,80023,500 crore)
RBI finalises expected credit loss rules, to be implemented from April 1, 2027
. Assets will be classified into three stages depending on risk levels, with provisions ranging from 12-month to lifetime expected losses.
Karur Vysya Bank inaugurates new divisional office in Tiruppur
Karur Vysya Bank currently operates a robust network of 37 branches across the Tiruppur region
Monarch Networth Capitals debut PMS hits 100 crore, beats benchmark by 15 percentage points
Monarch Networth Capital has now set a target of reaching 500 crore in PMS assets under management within the next two months
RBI okays MobiKwiks application for floating an NBFC
RBI approves MobiKwiks NBFC licence, enabling new lending services aimed at enhancing financial inclusion across India
Gold prices edged up on April 27, 2026, across major Indian jewellers. Geopolitical factors like US-Iran tensions and a strong US dollar influenced the yellow metal's rates. Treasury yields also played a role in the price movement. Analysts suggest gold may remain rangebound without a significant geopolitical development. Jewellery brands like Tanishq and Kalyan Jewellers reported slight price adjustments.
Global gold demand as ETF inflows and bar and coin buying surged, shifting consumption away from jewellery. Rising prices curbed discretionary purchases, while investment demand strengthened globally and in India amid geopolitical uncertainty, diversification needs, and sustained central bank accumulation.
Loan recovery delays, legal hurdles slowing banking system: CII report
The report flags slow resolution of bad loans and procedural bottlenecks as key challenges, calling for stricter timelines and stronger institutional capacity to support the sector
EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per night
A joint report by EY and FICCI suggests lowering the GST on luxury hotel rooms to 9%. This move aims to make India a more competitive tourist destination. The report highlights that current taxes and costs make India appear expensive compared to countries like Thailand. Reducing the tax could attract more international visitors and boost the tourism sector.
Despite a challenging FY26, marked by volatility and weak benchmark returns, eleven mutual funds across categories consistently outperformed, delivering superior risk-adjusted returns and showcasing resilience through changing market conditions and trends.
SBI Card Q4 profit up 14% to 609 cr
Total income improved to 5,187 crore from 4,832 crore in the year-ago period
Tata AIA rolls out unit-linked plan combining critical illness cover with investment growth
The plan allows policyholders to build a dedicated health fund over time while earning market-linked returns
Nearly 30,000 Railway jobs to be surrendered, redistributed: Who will be impacted?
Railway Board writes that the zone-wise annual MoU targets for manpower rationalisation (redistribution+surrender) Key Performance Indicators (KPIs) for the year 202627 have been conveyed to the Efficiency and Research (E&R) Directorate for inclusion in annual performance agreements (MoUs).
Federation of National Postal Organisations's (FNPO) memorandum included issues related to postal assistants, sorting assistants, postmen, mail guards, civil wing, admin offices, accounts, marketing executives, systems administrators, development officers (PLI), among others. Here are the key demands of FNPO from the 8th Pay Commission.
MobiKwik gets RBI nod for NBFC license
The license will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering.
Can long-term contract work lead to permanent employment? Know the rules
Contract workers often seek permanent jobs after long service. Indian courts examine if contractor arrangements are genuine or a ploy to avoid obligations. Key factors include control, hiring, and payment. While continuity of workers under different contractors can raise questions, it is not always decisive. Legal outcomes vary based on the specific facts of each case.
NSC interest rate 2026: Has the government changed rates for AprilJune? Check latest update
NFO Alert: Tata Mutual Fund announces launch of Titanium Equity LongShort Fund
Tata Mutual Fund has launched the Titanium Equity Long-Short Fund under its Titanium SIF platform, offering a dynamic long-short equity strategy with net exposure ranging from -25% to 100%. Aimed at high-risk investors, the NFO is open until May 11.
Hyderabad gold rate today 24k, 22k, 18k: As per the latest trends in the city, the price of 24 karat gold was between Rs 15,443-15,906 per gram levels while 22 karat gold was largely priced between Rs 14,155 to Rs 14,643 per gram.
Planning for childs overseas education with Rs 2 crore? Heres how you can secure your retirement too
Investing a Rs 2 crore corpus effectively requires prioritising goals and building a strategic, inflation-adjusted allocation across equity, debt, gold and cash to fund a childs overseas education, future marriage, retirement and emergency needs.
FDs or debt funds: Where should you park surplus money in a high interest rate phase?
Investors are reassessing investment choices due to rising fixed deposit rates and market fluctuations. Experts advise maintaining a long-term equity strategy for aggressive investors, even with short-term volatility. The decision between FDs and debt funds depends on liquidity needs and tax brackets. Diversification within equity portfolios is also recommended for wealth creation.
Pre IPO investing explained: Ways to buy unlisted shares and key risks
RBI to auction 14,500 crore state government securities on April 28
The auction will be conducted electronically through the RBIs Core Banking Solution, E-Kuber
Clearing Corporation revamps trade reporting system, including offshore rupee
The revamp is aimed at reporting more details of trades and to create a more uniform format aligned with standards used elsewhere
Update PF KYC online: A step-by-step guide to avoid PF claim rejection
MF Tracker: Bank of India Small Cap Fund tops 5-year returns. Should you chase the winner?
Bank of India Small Cap Fund leads five-year returns with a 30.83% CAGR. The fund shows strong performance across various periods, driven by disciplined stock selection and focus on business fundamentals. Experts highlight sector exposure and India's growth themes. However, concerns about current valuations and sustainability of high returns exist. Investors should consider risk tolerance and long-term goals before investing.
Bitcoin reaches 12-week high on Iran deal optimism
The original cryptocurrency was up as much as 1.6% to $79,488, its highest level since Jan. 31, the last time it was above $80,000
Silver and gold commodity based ETFs rally up to 3%. What should investors do?
Silver and gold ETFs saw gains of up to 3% on Monday, despite a lower opening for bullion prices on MCX. Rising crude oil prices fueled inflation concerns, reinforcing expectations of prolonged high interest rates. Experts suggest this consolidation phase offers an attractive window for long-term investors to accumulate precious metals.
