34 C 
This is driven by a pickup in non-food bank credit and rise in foreign direct investment (FDI) to India, per the central banks latest monthly bulletin
RBI to conduct 2 lakh crore 7-day variable rate repo auction on June 23
The move follows a review of current and evolving market liquidity trends
IRDAI moots 10-fold hike in penalties to curb mis-selling
The draft regulations also seek to enhance transparency and accountability
Any breakdown of interim US-Iran peace agreement may reignite material risks: RBI Bulletin
The uncertainties could have an impact on the outlook through international trade, cost pressures, capital flows and commodity prices
Bankers expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits
Offering leverage on a FCNR (B) deposit has emerged as a grey area
CBI arrests ex-RCFL and RHFL CEOs in 7,623 crore bank fraud case
The agency said the accused sanctioned loans to intermediary and conduit firms in violation of RBI and lending norms, resulting in massive losses to public sector banks
World Bank approves USD 1.5 billion to boost private sector jobs in India
The initiative is projected to generate employment opportunities for about 11 million young Indians over the next two decades under the private sector development financing programme
PFRDA has launched Pension Sahayak, an AI-powered platform simplifying pension grievance redressal. This upgrade from the old CGMS offers web, mobile, and WhatsApp access in 22 languages, including voice commands.
Alan Greenspan, ex-Federal Reserve chief, dies at 100
Widely regarded as the architect of a prolonged US economic expansion, Greenspan oversaw an era of low inflation, strong growth and booming markets, steering monetary policy through multiple crises including the 1987 crash and the Asian financial crisis
How to claim up to 10 crore capital gains tax exemption
Banks to be closed for 3 consecutive days this week: Check if your state is on the list
Bank holidays: Several Indian states and union territories will experience a three-day bank closure this week, from Friday, June 26th to Sunday, June 28th, 2026. This extended holiday is due to Muharram on Friday, followed by the fourth Saturday and Sunday.
RBI Governor calls MSMEs key partners in Indias growth story
Malhotra described MSMEs as the nursery of entrepreneurship and stressed the need for a financial system that effectively serves enterprises across districts and towns
Top 5 equity mutual funds delivered up to 24% annualised SIP returns over last decade
Five equity mutual funds delivered up to 24% annualised SIP returns over the last decade, with small-cap and mid-cap schemes leading the performance chart.
RBI unlikely to raise interest rates soon amid declining crude oil prices, say experts
The MPC projected Indias real GDP growth for 2026-27 at 6.6% while revising Consumer Price Inflation (CPI) upward to 5.1%, with inflation expected to peak at 5.9% in the third quarter
Top 7 mutual fund managers manage at least Rs 2 lakh crore AUM. Check details
The top seven mutual fund managers each oversee at least Rs 2 lakh crore in assets under management as of May 2026, according to ACE MF data. The list is led by managers from ICICI Prudential, SBI Mutual Fund and HDFC Mutual Fund, highlighting concentration among Indias largest fund houses.
Income Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A rebate and standard deduction, but filing an ITR is crucial. However, this rebate doesn't apply to special incomes like capital gains, Virtual Digital Assets (VDAs), and lottery winnings, which are taxed at specific rates.
IPO investing is gaining traction, but picking winning stocks is tough for individuals. Edelweiss Mutual Fund CEO Radhika Gupta suggests their Recently Listed IPO Fund as a solution. This professionally managed portfolio focuses on new listings, offering diversification and potential post-listing gains. While acknowledging potential volatility due to mid-to-micro cap exposure, Gupta recommends SIPs for smoother navigation of market ups and downs.
Aadhaar email update to be free via mobile app from July 1; UIDAI waives Rs 75 fee for six months
The Unique Identification Authority of India (UIDAI) is making email address updates via the Aadhaar mobile app free for six months, from July 1 to December 31, 2026. This move aims to encourage users to keep their contact information current for important notifications. Currently, a Rs 75 fee applies for this service. The waiver is exclusively for updates made through the Aadhaar mobile application.
NFO Alert: Tata Mutual Fund announces launch of Tata Multi-sector Passive FoF
Tata Mutual Fund has launched the Tata Multi-sector Passive FoF, an open-ended scheme investing in passive equity funds across various sectors. Aiming for long-term capital appreciation, it uses a rules-based approach with fund manager discretion to dynamically allocate to leading sectors, mitigating emotional bias and timing challenges for investors. The NFO is open until July 6, with a minimum investment of Rs 5,000.
EPFO interest rate update: When will 8.25% EPF interest be credited to your PF account?
8th Pay Commission news: Central government employees are anticipating the 8th Pay Commission's report, with some associations suggesting an early submission by January 2027 and potential salary hikes from April. Despite a November 2025 formation and an 18-month deadline ending May 2027, the commission's swift pace, aided by online processes, fuels optimism for a quicker payout. However, some experts believe a second-half 2027 submission is more probable.
Gold rate today: Gold prices saw a slight uptick today, June 22, 2026, with 22k gold jewellery at Tanishq priced at Rs13,475 per gram. Major retailers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also reflect similar rates.
Global banks drive India asset-backed securities sales to record
Foreign banks share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years
A husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading using his wife's demat account and gifting her Rs 1.15 crore, the tax department argued the Rs 1.95 crore loss, including Rs 80 lakh from her own funds, was hers alone.
Physicswallah among top 5 smallcap stocks that saw highest mutual fund selling in May
Five smallcap stocks, including MRPL, Kaynes Technology, Wockhardt, GE Shipping and Physicswallah, saw the highest mutual fund net selling in May, according to Motilal Oswal Financial Services data, reflecting notable institutional exit trends.
Wife refused to leave sister-in-laws house after husband moved out; Delhi HC orders her eviction
A Delhi High Court ruling has affirmed a woman's eviction from her sister-in-law's inherited property. The court stated that once a husband loses his right to reside in his sister's house, his wife cannot claim a right to stay there. The sister-in-law, the sole owner via her mother's will, had permitted her brother and his wife to live there.
Health insurance claim process functional, not frictionless, says Policybazaar study
Customers seek greater clarity and proactive communication, among other things, the second edition of PBs claims study revealed
Smallcap funds have emerged as the best-performing equity mutual fund category over the last three months, delivering an average return of 16.94%, according to ETMutualFunds. The rally follows an earlier correction and has been supported by improving earnings, strong liquidity, and renewed investor interest. However, the sharp gains have also sparked debate on whether investors should buy, hold, or book profits at current levels.
Best corporate bond mutual funds to invest in June 2026
Investors seeking relatively safe debt options for near-term or three-year-plus goals can consider corporate bond funds in June 2026. These funds invest primarily in top-rated corporate papers, offering greater safety than credit risk or gilt funds. While interest rate sensitivity and past defaults warrant caution, these recommended funds provide a stable avenue for investment. The article highlights key funds and the methodology behind their selection.
8 ITR filing mistakes to avoid this tax season
The I-T Departments growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax return filing more important than ever.
Bitcoins 50% fall: Buy the dip or stay away?
Investors must weigh extreme volatility, uncertain cycles and Indias harsh tax rules before adding exposure.
Power stocks surge on demand revival, investments
Rising electricity demand and a strong investment cycle lift outlook for power companies.
Why a good manager matters in your career
You cant pick the manager, but he could decide your career, says Devashish Chakravarty.
NRIs can now earn up to 7% on dollar deposits
For the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
Credit card points: Earn free flights and stays
Travellers should also remember that loyalty program transfers are generally irreversible. Before moving points to an airline or a hotel program, it is advisable to confirm award availability and understand the redemption rules. Airline miles can also expire or lose value over time if loyalty programs change their award charts. Besides, there are taxes and fuel surcharges, which could be expensive.
Moderate health claims experience for most Indians
Policybazaar's latest Health Claims Experience Index reveals that while cashless claims are preferred, the overall process needs significant enhancement. Many policyholders opt for reimbursement due to perceived delays in cashless approvals, leading to financial strain. Key pain points in reimbursement include delays and rejections, with customers seeking simpler forms and readily available hospital lists for a smoother experience.
Microcaps shine as largecaps falter in 2026
Welcome to TrendMap, your quick guide to the performance of different investment segments. No single segment always leads. In this edition, we present a 10-year equity performance tracker, ranking annual returns across market-cap segments. Investors risk appetite has turned more selective in 2026 so far. By Sameer Bhardwaj.
Started investing late? Cover your risks first
Ashish Mishra is currently focussing on two primary financial goals his childs education and an early retirement at 51. Heres what the doctor has advised him.
How DTAA helps taxpayers avoid double taxation
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 108th part of this series, Riju Mehta explains how the Double Taxation Avoidance Agreement helps taxpayers.
Axis Asset Management Company has navigated turbulent weather in the past few years, coming under regulatory scrutiny over a controversy involving some of its key ex-personnel, and facing an extended period of underperformance in its equity funds. As it emerges out of the storm, its MD and CEO, B. Gopkumar, tells Sanket Dhanorkar how the fund house is putting things in order and why he believes the worst is behind them for their equity strategies.
SBI-Telangana face-off Over 5-acre land in Hyd raises stakes for both sides
SBI on Friday secured a stay from the Telangana High Court on the auction of the land by the Telangana Industrial Infrastructure Corporation (TGIIC), which had earlier allotted the property to the bank.
RBI overhauls Lead Bank Scheme after review, issues new guidelines
The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between banks and government agencies, with Lead Banks now appointing dedicated managers to oversee scheme implementation across all districts.
Kotak Bank prioritises profitability over market share, open to acquisitions that align culturally and technologically, says Director Kashyap.
India remains ADB's largest private sector market; lender eyes $1 bn direct support in 2026
ADB to focus on clean energy, green hydrogen, e-mobility and green data centres as key segments
Lenskart Solutions among top 5 midcap stocks with highest mutual fund buying in May
Mutual funds showed significant interest in midcap stocks during May, with Lenskart Solution leading the pack in net buying. JSW Energy, Billionbrains, Yes Bank, and Premier Energies also saw substantial inflows. This trend highlights a strategic shift by fund managers towards these growing companies, indicating potential investment opportunities for the broader market.
Fathers can build financial independence and generational wealth through strategic mutual fund investments, experts advise. Starting early, ideally in the late 20s or early 30s, leverages compounding for a robust retirement corpus. For legacy wealth, a higher equity allocation is recommended, focusing on long-term growth. Avoiding common mistakes like delaying retirement planning and keeping too much in low-yield fixed deposits is crucial.
Equity mutual funds fell upto 6% last week. Check top 5 laggards
Equity mutual funds experienced a downturn last week, with some correcting up to 6%. International funds were particularly hard hit, with the DSP World Mining Overseas Equity Omni FoF leading the decline at nearly 5.81%.
H P Singh and Roy Varghese elected as new members on board of Sa-Dhan
Following the elections, the board was reconstituted with K Paul Thomas, Managing Director and Chief Executive Officer of ESAF Small Finance Bank, as chairperson
PhonePe wallet inactivity fee explained: No impact on UPI payments or bank accounts
PhonePe has clarified rules around dormant prepaid wallets after users raised concerns over inactivity charges. The company said wallet balances, UPI transactions and linked bank accounts follow separate systems with different operating rules
New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater transparency and formalization of employment terms.
Supervisory Data Quality Index score of small finance banks and private sector banks drops
The SDQI of public sector banks declined marginally by 0.3 in March 2026 as compared to December 2025; overall, the SDQI score of scheduled commercial banks declined marginally by 0.2 in March 2026
Tata Technologies among top 5 smallcap stocks that saw highest mutual fund buying in May
HDFC Mutual Fund: SBI, RIL, and Eternal among top 10 stocks holdings in May
Parag Parikh Large Cap Fund: RIL, ITC, and Infosys among top 10 stock holdings in May
Gold rate today: Gold prices have seen a dip this week following a de-escalation in global tensions. As of June 20, 2026, 22k gold rates at major retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas remain stable.
Retirement savings gap after a career break? Expert shares how to recover without taking big risks
Career breaks, common for women, can impact retirement savings. Experts advise accepting the situation and implementing a catch-up plan by temporarily increasing investments. Utilizing bonuses and reviewing portfolios for better returns are key. While aiming for higher gains, avoid excessive risk. Disciplined investing and strategic cash-flow management can help bridge the gap and secure financial independence.
The Telangana High Court gave relief to a wife by granting her divorce after it was found that her husband had misrepresented his age which resulted in her parents incorrectly matching their horoscope. The high court observed that due to this false fact about his date of birth and also the horoscope matching, she mistakenly believed that both of them were compatible with each other.
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive rates are available, investors should be aware of the DICGC insurance limit of Rs 5 lakh. The article also clarifies TDS rules on FD interest, explaining how senior citizens can avoid deductions by submitting Form 15H if their total income falls below taxable limits.
A Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Tribunal ruled that the fair market value of the surrendered tenancy rights should be considered the cost of acquisition, not nil. This decision significantly reduced the tenant's capital gains tax liability on the Rs 38.62 lakh sale, recognizing the economic value of his original rights.
Saturday bank holiday: Are banks open or closed today on June 20, 2026?
Bank holiday: Indian banks operate on a mixed schedule, with closures on Sundays and the second/fourth Saturdays. While many services are digital, certain transactions like account opening, signature updates, and large cash movements still necessitate a branch visit.
For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.
RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits
Banks to offer higher interest rates on deposits as they will be able to deploy the full deposit proceeds as loans
Zerodha Capital loan book jumps past 580 crore as profit rises
Zerodha Capital's total income increased to 53.5 crore in FY26 from 37.1 crore a year earlier, while total assets rose to 641 crore from 433 crore
Home loan insurance: Protecting the dream home without paying more than you need to
Home loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabilities in unforeseen circumstances. With rising homeownership and larger loan sizes, more borrowers are actively seeking protection solutions that offer both affordability and flexibility. The article explores the benefits of home loan insurance, evolving consumer preferences, and the growing importance of transparency and choice. It also highlights recent regulatory measures aimed at strengthening consumer rights and preventing mis-selling.
The Latest Home Loan Interest Rates: Jun 19, 2026
The Latest Home Loan Interest Rates: Jun 19, 2026
The Latest Fixed Deposit Interest Rates: Jun 19, 2026
The Latest Fixed Deposit Interest Rates: Jun 19, 2026
EPFO: When can you get 8.25% EPF interest amount in your provident fund account?
EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the government has officially ratified the rate. This annual interest is calculated on a monthly running balance, ensuring no loss for members even with delayed crediting. Subscribers can easily check their updated balances through the EPFO portal or the Umang app.
Gold and silver prices have fallen up to 12% this month; is it time to buy?
Gold and silver prices have dropped sharply this month as easing Iran-US tensions dampened safe-haven demand. Experts advise existing investors to avoid panic selling, as the long-term outlook remains positive. New investors can use the correction to invest gradually through SIPs in ETFs, while maintaining a 10-15% portfolio allocation to precious metals.
Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in HDFC Bank, RIL and 29 others in May
Sunil Singhania-backed Abakkus Flexi Cap Fund significantly increased its holdings in HDFC Bank and Reliance Industries during May. The fund also added substantial stakes in Edelweiss Financial Services, The Federal Bank, Tata Steel, and Urban Company, among 29 other stocks. No stocks were reduced or exited, maintaining a portfolio of 49 scrips across 23 sectors.
Four mutual fund houses, Axis, ICICI Prudential, SBI, and Nippon India, attracted over Rs 10,000 crore each from T30 cities in May, boosting monthly AAUM and highlighting strong investor participation.
Mirae Asset Mutual Fund: RIL, Infosys and SBI among top 10 stock holdings in May
Mirae Asset Mutual Funds May 2026 portfolio shows HDFC Bank, ICICI Bank, RIL, SBI and Infosys among its top holdings. While allocations remained largely stable, select stocks saw marginal changes in weight. The fund house managed Rs 2.31 lakh crore in assets across 96 schemes during the month.
While individuals take numerous steps to multiply their wealth to build a notable fortune, little do they plan for what to do next. For someone who has become rich, it would be hard to resist the demands because of the simple reasonthey can now afford things.
Sukanya Samriddhi Scheme: Can SSY make your daughter a crorepati?
Gold rate today: Gold prices are down today across India. This follows a drop in domestic bullion rates. Consumers planning to buy gold jewellery will find lower prices. Experts suggest gold may target further support zones.
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment
NRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, NRIs can leverage Double Taxation Avoidance Agreements (DTAAs) to potentially lower their tax burden or claim credits in their country of residence, avoiding double taxation.
New RBI rules for NRIs and OCIs: Key changes in investments, NPS and money transfers
HDFC Mutual Fund: RIL, Tata Motors and TCS among stocks bought and sold in May
HDFC Mutual Fund increased exposure to Tata Motors, HDFC Bank and Eternal while trimming holdings in Infosys, ITC and Adani Ports, with Garware Technical Fibres emerging as its sole new portfolio addition in May.
The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is for individuals and HUFs with business or professional income. Taxpayers not eligible for simpler forms must use ITR-3. The due date for salaried individuals is July 31, 2026.
PMS vs mutual funds: What extra are investors paying for, and is it worth it?
AI is coming for your job, but what If it also paid you $60,000 a year?
Your gold is sitting idle. A step-by-step guide to how you can lease it and earn a tax-free income
When Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment and thus he filed his income tax return (ITR) on October 29, 2021. In his ITR he declared a total income of Rs 31.62 lakh after claiming tax exemption for the entire amount of leave encashment under Section 10(10AA)(ii).
NFO Alert: Zerodha Fund House launches 2 target-date Life Cycle funds
Zerodha Fund House has launched Indias first target-date Life Cycle Fund series, offering two schemes: 2036 and 2041 maturities. The NFO is open till July 7, with continuous subscription to follow. Built on a rule-based approach, the funds dynamically adjust asset allocation over time and aim to serve investors across different life stages and long-term goals.
Short-bond rally faces risks from cash drain, analysts say
DBS Bank Ltd. expects the central bank to deploy a stronger tool in August by requiring banks to keep a larger proportion of deposits with the RBI
Nippon India Small Cap Fund has topped all equity funds over a decade, delivering a 20.94% CAGR. Despite recent underperformance, its long-term stock-picking prowess and diversification have driven superior risk-adjusted returns. Experts advise caution on lump-sum investments due to elevated valuations, favoring SIPs for long-term wealth compounding.
Best banking & PSU mutual funds to invest in June 2026
Banking and PSU debt funds offer a relatively safe investment avenue for investors looking for a few years. These schemes primarily invest in debt instruments of banks and public sector undertakings, which are largely government-backed, minimizing credit risk. While interest rate fluctuations can impact returns, these funds are generally better positioned due to shorter duration investments.
A car buyer has won a significant victory after a nearly three-year legal battle. His seven-month-old MG CVT automatic car experienced Electronic Steering Column Lock failure, leading to a jammed steering wheel and an accident. The North Delhi Consumer Commission has ordered MG Motors to refund the car's purchase price of Rs 18.
Tokenised gold is emerging as a new investment option in India. It uses blockchain to represent physical gold digitally. Investors can trade tokens easily, even in small amounts. However, this new product lacks regulation and faces high taxes. Experts advise caution and suggest it as an experimental investment.
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
