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Central Banks Q1FY27 net profit up 13% at 1,324 cr
The public sector bank had reported a net profit of Rs1,169 crore in the year ago quarter
RBI moves closer to polymer banknotes
Central banks subsidiary floats EoI for manufacture, supply of sheet for plastic currency
Federal Bank logs 36.50% increase in Q1 FY27 net profit at 1,177 crore
The Banks board on Friday approved raising of funds in Indian currency or any other permitted foreign currency by way of issue of debt instruments up to 10,000 crore on a private placement basis
Muthoot MCred ties up with South Indian Bank to expand affordable housing finance
Under the partnership, SIBs Affordable Housing Loans will be made available through select Muthoot MCred branches across various locations
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Fixed Deposit Interest Rates: Jul 03, 2026
The Latest Fixed Deposit Interest Rates: Jul 03, 2026
Banking services must reach every village: Sitharaman
The FM and AP Chief Minister distribute 3,216 crore in loans to over 1.03 lakh beneficiaries in Palnadu, AP
Is RBI asking people to pay Rs 7,500 in tax to get Rs 1 lakh payment? Heres the truth
A fake Reserve Bank of India letter is misleading people about pending payments. It falsely claims a Rs 1 lakh payment is on hold due to transaction failure. Recipients are asked to pay Rs 7,500 as a refundable tax to release funds. The Press Information Bureau's Fact Check unit has flagged this letter as fake. The public is urged not to fall for such fraudulent schemes.
Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua FoF accepting new investments after multiple fund houses halted inflows due to SEBIs overseas investment limits. Investors are exploring LRS, GIFT City and global ETFs as alternatives.
AMFI simplifies mutual fund transmission process to make claim settlement easier for nominees
AMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider address and name mismatches for smoother claims. Asset Management Companies will now rely on updated address details supported by documentation. A harmonized framework for name and signature discrepancies is also introduced. These updated guidelines are effective immediately for all member AMCs.
SBI, ICICI Prudential among 6 mutual funds to add 13 new smallcap stocks in June
Where are mutual funds placing their bets? A look at Junes sectoral trends
Mutual funds increased exposure to private banks, healthcare, NBFCs, automobiles and real estate in June, while trimming allocations to technology, oil & gas and utilities, according to a Motilal Oswal report.
RBI fixes underwriting commission rates for 32,000 crore government securities auction
For the 6.03% Government Security 2029, which has a notified amount of 11,000 crore, the RBI fixed the underwriting commission cut-off rate at 0.44 paise per 100
ICICI Prudential Flexicap Fund turns Rs 10,000 monthly SIP into nearly Rs 9 lakh in 5 years
ICICI Prudential Flexicap Fund turned a Rs 10,000 monthly SIP into Rs 8.47 lakh over five years ending June 30, 2026, delivering an XIRR of 13.83% on a total investment of Rs 6 lakh. During the same period, the BSE 500 TRI generated an XIRR of 10.43%. The fund also reported strong three-year and one-year SIP returns.
Automatic EPF transfer on switching job: Who can access this facility and who will be left out?
The new EPF reforms introduce automatic fund transfers when changing jobs. This facility requires an Aadhaar-linked and KYC-compliant Universal Account Number for members. Employees in private and exempted EPF organizations will not receive this automatic transfer. Members can check their previous work history on the EPFO portal for verification. Several digital reforms aim to simplify claims and improve member services.
Universally known as the Father of Indexing, Bogle had introduced the first indexed fund for individual investors in 1976. So, when it comes to compounding, it wont be wrong to assume that Bogle knew what he was talking about when he said that investors also need to know a crucial detail beyond the magic of compounding.
PSBs expect to raise $30 bn from RBIs overseas deposit scheme, sources say
RBI had announced a zero-cost foreign-exchange swap facility for deposits raised from non-resident Indians on June 5
Gold rate today: Gold prices saw a slight decrease on Friday, July 17, 2026. Here's a look at the latest 22-carat and 24-carat gold rates across leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers today.
IDBI Bank privatisation: Officers, staff to go on nationwide strike on July 27
The move has caused deep concern among employees with respect to job and social security benefits, including pension, the forum says
Indias FCNR scheme has potential to attract $70-80 billion from NRIs
The RBI has allowed banks to offer higher interest rates on FCNR deposits until September 30, aiming to boost forex reserves, support the rupee and attract larger foreign currency inflows from NRIs
Despite court order husband did not pay maintenance to wife; she files case to stop his pension on this ground but loses case in Madras HC for this reason. Keep reading to know why the wife lost the case in Madras High Court.
Unity Small Finance Bank has revised its fixed deposit interest rates. Senior citizens can now earn up to 8.50% on a 501-day fixed deposit. Regular customers will receive 8.00% interest on the same tenure. The bank also offers 7% interest on savings accounts for larger deposits. A 1.00% penalty applies for premature fixed deposit withdrawals.
When Mr Rawat from Doonga Bazaar, Kangra, Himachal Pradesh came to Noida, Uttar Pradesh to study B.Tech at IILM University, Greater Noida, for the first semester on August 17, 2023, he booked a hostel in Knowledge Park-III. Within one week of his stay, Rawat faced severe deficiencies. The food provided was sub-standard, maintenance was neglected and the promised Wi-Fi facility/password was never shared.
Bank earnings ahead: What to look out for amid margin boost hopes, leadership changes?
Foreign currency deposits from non-residents should improve liquidity after the RBI said it would bear the cost of currency hedging, says Nomura
Global interest in GIFT City is booming: JPMorgan says in talks with 100 multinationals
Banking assets in GIFT City doubled to more than $100 billion as of September compared with two years earlier
Why your tax refund might be stuck and what to do about it
The next frontier in multi-asset investing is adaptability
Diversification on paper does not always translate into diversification in practice. Inside AlphaGreps multi-asset allocation fund and its novel proposition, where risks are adjusted in response to shifting market signals.
Is your employer delaying deposit into your NPS? Know how it can impact you
Government departments must remit employee NPS contributions promptly to PFRDA. Delays in crediting NPS contributions will incur interest charges for employees. This interest will match the Public Provident Fund rate applicable at that time. Officials causing administrative delays face liability for pecuniary losses to the government. Departments must report actions taken regarding these NPS contribution remittance rules.
Barclays sees FCNR inflows falling short of market hype
According to the report, expectations may have been inflated by comparisons with the RBIs successful 2013 FCNR scheme
Banks have to dispose of specified non-financial assets acquired from a borrower within 7 years: RBI
The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases
Piramal Finances Q1 FY27 consolidated net profit jumps 67% to 461 crore
The non-banking finance companys board on Thursday approved a fund raise of up to 4,000 crore
Exim Bank India presents 428 crore dividend cheque to FM Sitharaman for FY26
Bank posts 32 per cent y-o-y rise in net profit to 4,273 crore
Shriram AMC announces Refreshed Fund Opportunity for its three hybrid funds
Shriram AMC has refreshed the investment framework of three hybrid funds, introducing a research-driven, dynamic asset allocation strategy across equity, debt, gold and silver. The move aims to improve diversification, manage risk and support long-term wealth creation across market cycles.
Leading private sector banks streamlining employee base
This workforce streamlining coincides with a strategic expansion of branch networks, as these banks shift toward automated processes to enhance customer experience and reduce costs.
Cost Inflation Index (CII) for Tax Year 2026-27 notified: Here's what it means for capital gains tax
The Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acquisition costs for capital gains. It becomes effective from April 1, 2026, impacting future tax calculations.
South Indian Bank posts 17% rise in net profit to 378 crore
P R Seshadri, MD & CEO, noted consistent growth in targeted segments, focusing on quality asset acquisition in corporate lending, auto loans, and gold loans
Can banks increase FD interest rates as inflation crosses RBIs target of 4%?
Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Higher inflation and increased credit demand suggest banks might raise fixed deposit interest rates soon. Banks monitor deposit growth and credit demand before adjusting their fixed deposit rates. High yields on government securities and small savings schemes also pressure banks to increase FD rates.
Citigroups Indian clients shift focus to Rupee volatility
The rupee has weakened about 11% against the dollar over the past year, the worst-performing Asian currency over the period
ITAT overturns STCG tax on Gujarat house sale: When Kaminiben from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, which she had originally bought in 2005 for Rs 1.94 lakh, the tax dept issued her tax notices. However, as she was living abroad as an NRI at the time, she could not respond to them.
50 lakh to 1.4 crore: Heres how you can build more than 1 crore corpus by just extending your PPF
Gold price today: Gold prices remained a key focus for buyers on July 16, 2026. Checking the latest gold rates across leading jewellers can help you make an informed decision when buying gold. Here's a look at the latest 22-carat gold prices at Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers today.
SBI, Quant among 5 mutual funds that made complete exit from 11 midcap stocks in June
Five mutual funds exited 11 midcap stocks completely in June, including Tube Investments, Dixon Technologies, PB Fintech, and Kaynes Technology, as AMCs actively reshuffled portfolios, according to Nuvama.
SGB premature redemption exit date: This gold bond has turned Rs 1 lakh investment into Rs 4.18 lakh
The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026. The redemption value is fixed at Rs 14,199 per unit of SGB. This represents a significant return of nearly 319% on the initial investment. Investors will receive this amount excluding the annual interest payments.
HDFC Flexi Cap among 7 mutual funds that multiplied investors' wealth up to 22x in 20 years
Seven equity mutual funds created exceptional long-term wealth, multiplying investors money up to 22.4 times over 20 years, led by Nippon India Growth Mid Cap Fund, according to FundsIndia.
JioBlackRock Mutual Fund files draft papers with Sebi for 2 new schemes
JioBlackRock Mutual Fund has filed draft documents with Sebi to launch two new schemes: the JioBlackRock Corporate Bond Fund and the JioBlackRock Nifty 50 ETF. The Corporate Bond Fund will predominantly invest in AA+ and above-rated corporate bonds, while the Nifty 50 ETF will passively track the Nifty 50 Index, expanding the fund house's passive and fixed-income offerings.
Blackstone sets up infra platform in India, names Ami Momaya as division MD
Blackstone has over $50 billion worth assets under management in India
Presumptive taxation: Why some taxpayers could pay more tax under the new Income Tax Act
Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest rates on these foreign currency accounts. Non-Resident Indians can benefit from avoiding Indian currency depreciation risks.
NFO Insight: Can Abakkus Large & Mid Cap Fund help investors navigate volatile markets?
Abakkus Mutual Fund has launched its third equity NFO, the Abakkus Large & Mid Cap Fund. This new fund aims to navigate volatile markets by investing in growth companies and established businesses. The fund employs an in-house MEETS framework for evaluating long-term value creation potential. Experts suggest caution with NFOs due to the absence of a performance track record.
UPI credit line explained: How to pay now, settle later without a credit card
HDB Financial shares rise over 4% after record Q1 profit, brokerages lift target prices
HDFC Bank arm HDB Financial Services reported a net profit of 785 crore for the quarter ended June 30, 2026, a 38.3% y-o-y increase from 568 crore in the corresponding quarter last year
Stripe and Advent offer $53 billion to acquire PayPal
If completed, the deal would create one of the worlds largest digital payments companies, processing nearly $3.7 trillion in annual payment volume
ITR filing: Should you keep printouts of all your tax documents, or are digital copies enough?
Taxpayers must retain income tax documents for several years after filing returns. Digital copies are generally sufficient, but original physical records are vital for ownership. Documents depend on income sources, including salary, capital gains, and business income. Keeping records helps respond to tax notices and supports future tax calculations.
Bank holiday today: Banks will be closed today, July 16, 2026, in few states today. These closures are to observe the Jagannath Rath Yatra and the Harela festival. The Rath Yatra involves parading deities on large wooden chariots through city streets. Harela is a festival celebrating the monsoon and the agricultural sowing season.
Unlike Gold ETFs, both physical gold and digital gold have longer required holding periods for realizing long-term gains. Additionally, Sovereign Gold Bonds will see changes in capital gains tax exemption starting April 2026. Tax implications for inherited or gifted gold depend on how and when the gold is sold.
Indias overall BoP turns into a deficit in the first two months of FY27
A BoP deficit can arise when a country imports more than it exports
ICICI Lombard Q1 net falls 46% at 403.17 crore
The insurers net profit for the first quarter last fiscal stood at 747.08 crore. During Q1FY27, its net premium underwritten rose 17.70 per cent year-on-year at 6,603.73 crore from 5,610.52 crore in Q1FY26
IndusInd Bank integrates with the Employees Provident Fund Organisation
The integration enables organisations to select IndusInd Bank directly on the EPFO portal and complete their Provident Fund contributions, using the Banks Corporate Internet Banking and Mobile Banking applications
Regulated entities will have to implement data governance framework: RBI
Data has emerged as a critical organisational asset for REs, underpinning business operations, customer service, financial reporting, regulatory compliance, risk management, and strategic decision-making
HDFC Life Insurance Q1 up 11.5% at 611 crore on growth in net premium income
The private sector life insurer had registered a net profit of 548.35 crore in the first quarter last fiscal
ICICI Prudential Life Q1 net jumps 28% to 386.18 crore
New premium income grows 14.65% to 9,749.33 crore in Q1FY27
Momentum Investing Decoded: The Right Time to Buy Winners!
Biji SS assumes charge as Karnataka Bank ED
Appointment is for a period of three years with effect from July 15, 2026
TVS Venus Home Credit India acquires Varthana for 967 crore to deepen lending play
The acquisition marks Home Credits entry into education-focused lending
Did you receive 8.25% EPF interest today in your account? Here's how you can check it
Employees Provident Fund Organisation members anticipate receiving 8.25 percent interest today. This interest payment applies to the financial year 2025-2026 for many subscribers. EPFO subscribers can check their updated balances through the UMANG app or SMS. The EPFO member e-Sewa portal also provides access to account details. Interest accrues monthly, ensuring no loss if credit is delayed.
According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. However, do not confuse your total car cost with the ex-showroom price, which is the base retail cost excluding any kind of taxes, accessory charges etc.
Tata AIG, Ujjivan Small Finance Bank partner to widen insurance reach
Tata AIGs insurance portfolio will be available across Ujjivans 776 branches spanning 335 districts in 26 States and UTs
NFO Alert: Sunil Singhania-led Abakkus Mutual Fund launches large & midcap fund
Abakkus Mutual Fund has launched the Abakkus Large & Mid Cap Fund, an open-ended equity scheme that will invest predominantly in large-cap and mid-cap companies. The NFO is open until July 29 and aims to generate long-term capital appreciation through a research-driven investment approach.
7 mutual funds made complete exit from 14 smallcap stocks in June. Check details
Seven mutual funds fully exited 14 smallcap stocks in June, including Ramco Systems, Gland Pharma and JM Financial, as fund managers reshuffled portfolios to actively manage investments and rebalance holdings.
The Pradhan Mantri Kisan Samman Nidhi scheme offers farmers income support. Eligible farmers will likely receive the 24th installment in October 2026. Completing eKYC is mandatory for receiving these crucial scheme benefits.
RIL, HDFC Bank, SBI among JioBlackRock Mutual Fund's top 10 stock holdings in June
JioBlackRock Mutual Fund's equity portfolio was led by banking majors HDFC Bank and ICICI Bank in June, with Bharti Airtel, Reliance Industries, Larsen & Toubro and Infosys also featuring among its top holdings. The fund house, which managed assets worth Rs 16,614 crore at the end of the month, maintained a diversified portfolio across financials, telecom, technology, industrials and metals, according to Prime Database data.
Home loan interest column for self-occupied house is disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027. The reason for this is under new tax regime, home loan interest tax deduction cannot be claimed but in old tax regime it can be claimed. So check your ITR for tax regime.
Mutual funds invested Rs 50,600 crore in stocks during June. They significantly bought JSWInfra, Bajaj Finance, and HDFC Bank. Conversely, Asian Paints, ICICI Bank, and SBI saw major reductions. In midcaps, JSW Infrastructure and Meesho were key additions by funds. Smallcap segment saw buying in Acme Solar Holdings and Craftsman Auto.
Japan to recognise cryptocurrency as financial assets
Move brings cryptocurrencies under stricter rules, including insider trading regulations and tougher penalties.
Andhra Pradesh offers a one-time option to switch to the Old Pension Scheme. This applies to employees recruited before September 1, 2004, who joined later. They must meet specific conditions to avail this benefit. This decision aligns with a similar move by the central government in March 2023. Employees not opting will continue under the Contributory Pension Scheme.
Billionbrains Garage Ventures Q1 profit jumps 94.3% to 735 cr, revenue rises 66%
Bengaluru-headquartered company had earned a PAT of 378.35 crore in the corresponding period last year
Gifts from specified relatives are fully exempt from income tax. Non-relative cash gifts exceeding fifty thousand rupees become taxable. Immovable property gifts are taxed based on stamp duty value. Specified movable assets received without consideration are also taxable. Taxpayers must report taxable gifts under 'Income from Other Sources'.
PFRDA introduces NPS PRIDE-Disha: Subscribers can track SIP returns, 5,000 days of NAV data and more
The PFRDA has launched NPS PRIDE-Disha, a new digital toolkit for subscribers. This tool allows comparisons of historical pension fund performance using SIP returns. It utilizes nearly 5,000 days of historical NAV data for analysis. Subscribers can now evaluate investment choices across asset classes effectively. The platform aids in making informed decisions about retirement wealth accumulation.
Mutual funds cut cash allocation by over Rs 4,500 crore in June to 19-month low
Mutual funds cut cash holdings by over Rs 4,563 crore to Rs 1.83 lakh crore in June, marking a 19-month low, as fund houses increased equity exposure amid a market rally. The move came as geopolitical tensions eased and crude oil prices declined. The Sensex and Nifty50 gained 2.98% and 2.06%, respectively, during June 2026.
Q1 Results Today, 15th July 2026 Live Updates: Catch live updates
10 bank transactions that can draw income tax attention even If you're not rich
Individuals filing income tax returns for FY 2025-26 will need interest certificates. These documents verify interest income and loan interest deductions for tax purposes. The article provides step-by-step instructions for downloading these certificates from ICICI, HDFC, SBI, and Axis Bank.
Employee with Rs 68 lakh salary donated Rs 12 lakh to political party for Section 80GGC tax break; ITAT Ahmedabad upholds tax dept's order denying such deduction. Know why this salaried employee lost the case in ITAT Ahmedabad. Keep reading.
Mutual funds have reduced their technology sector allocation to 5.9 per cent. This marks an all-time low, reflecting investor caution and profit booking. Experts suggest this decline may present a long-term buying opportunity for investors. However, near-term volatility is expected due to global spending concerns. Diversified equity funds are recommended over concentrated sector bets.
Looking after ageing parents? Compare elder care services, costs and key questions to ask
Best value funds to invest in July 2026
Value investing has dominated the Indian stock market recently, offering strong returns. Mutual funds following this strategy have outperformed growth-oriented funds significantly. Value investors seek stocks trading below their intrinsic worth for long-term gains. Patience is crucial as market discovery of these undervalued stocks can take time. Investors should limit value fund allocations to a maximum of twenty percent.
When correlations break, can dynamic multi-asset funds offer investors better outcomes?
Bhautik Ambani, CEO, AlphaGrep, explains why modern investing must take into account the limitations of predicting the market, and instead turn to a more agile adjustment of allocation and risk in response to shifts in markets.
Taxpayers can check income tax refund status online via the e-filing portal. Common statuses like 'Refund Issued' and 'Refund Failed' require specific actions. Delays often stem from incorrect bank details or unverified returns. Mismatches in AIS and Form 26AS can also cause processing issues. The department may adjust refunds against outstanding tax demands after intimation.
