Lenders cannot levy floating rate loan foreclosure charges on customers, MSEs: RBI

Banks must provide individual borrowers the option to foreclose or prepay all floating rate loans, extended for purposes other than business, without any penalty, an RBI note said

Top 5 ETFs That Have Given Highest Returns in 1 Year: Rs 1,00,000 one-time investment in No. 1 ETF has grown to Rs 1,77,286

Top 5 ETFs With Highest Return in 1 Year: Exchange-traded funds (ETFs) are mutual funds that can be traded in a share market. An investor needs a demat account to trade ETFs. ETFs come with a low expense ratio and can be bought only during trading hours.

Accept responsibility of NPA build-up in my tenure: Former RBI Guv Subbarao says

Says FIT framework has worked well in targeting inflation

RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity

The liquidity deficit in the banking system can be gauged from the fact that as on February 20 is estimated at about Rs 1.90 lakh crore.

RBI is missing the larger point

RBI must work towards maintaining inflation close to 4% in a sustained manner, and not dilute this goal

Five promising crypto projects to watch: Which one is gaining traction?

The cryptocurrency market sees significant growth with promising projects like Aureal One in blockchain gaming, DexBoss in DeFi, yPredict in AI-driven trading, Ondo in tokenised assets, and Berachain in blockchain innovation. These projects offer unique features, strong backing, and high potential for investors.

Top 5 aggressive hybrid equity funds with up to 21% returns in 5 years as on February 12, 2025

Going Abroad? Check how to enable SBI debit cards for international usage: Explained

RBI to conduct 3-year dollar/rupee buy/sell swap

This will be the second swap auction by the central bank in a month, after it infused $5.1 billion through a six-month swap on January 31

Excessive borrowing in the unsecured segment a cause for concern: RBI Deputy Governor Rao

The temptation of short-term gains can easily overshadow long-term financial security of individuals, Rao said at the IIMK- NSE conference on Macroeconomics, Banking and Finance in Mumbai

PM Kisan 19th instalment: How to find next instalment date and beneficiary list online; check eligibility, eKYC process

Under the PM Kisan Yojana, an income support of Rs 6,000 per year in three equal instalments will be provided to all land holding farmer families. This is payable in three equal 4-monthly installments of Rs.2000/- each.

AMFI launches 3 new investor initiatives: Chhoti SIP, Tarun Yojana, MITRA

AMFI launched three initiativesChhoti SIP, Tarun Yojana, and MITRAto enhance financial inclusion, investor awareness, and retrieval of forgotten investments, aligning with SEBIs efforts to democratize mutual funds and ensure broader participation across diverse demographics.

Investors lost money in almost all sectoral and thematic mutual funds in last 6 months

97% of sectoral and thematic mutual funds posted losses in the last six months, with only five funds delivering up to 3.82% returns. Samco Special Opportunities Fund lost the most (-24.31%), while DSP Banking & Financial Services Fund gained the highest (3.82%). Investors should assess risk appetite before making investment decisions.

This bank revises FD rates; senior citizens can get up to 8.75% interest rate for longer tenure now

Ujjivan Small Finance Bank has updated its FD and savings account interest rates effective from February 21, 2025. Fixed deposits remain one of the safer and most preferred investment options for people seeking consistent returns.

NFO Update: Kotak Mutual Fund launches CRISIL-IBX Financial Services 3-6 Months Debt Index Fund

Kotak Mutual Fund: The scheme focuses on AAA-rated corporate bonds, commercial papers, and certificates of deposit issued by financial institutions. Designed with a fixed duration, it maintains a constant maturity profile, ensuring stable exposure to a specific timeframe. Additionally, constant maturity index funds are generally cost-efficient, as they typically do not impose entry or exit loads, enhancing investor affordability.

Planning to start an SIP for your child? Radhika Gupta answers 4 FAQs

Radhika Gupta clarified that for minor folio creation, the guardians PAN and relationship proof (such as a birth certificate, passport, or court document) are required, while the minors PAN is optional. Addressing a query on SIP subscriptions, he confirmed that both the guardians and minors bank accounts can be used, but redemptions will only be credited to the minors account.

RBI Deputy Governor Rao flags concern over excessive unsecured borrowings

RBI Deputy Governor M Rajeshwar Rao emphasises that financial entities have a duty to ensure that customers fully understand the risks associated with leveraged products and speculative investing

Sebi chairperson Madhabi Puri Buch launches Rs 250 SIP; know where it is available

SBI Mutual Fund House and State Bank of India launched a Rs 250 SIP early this week.

What is Family Settlement Agreement, how does it prevent conflicts among family members in distribution of assets?

Family Settlement Agreement: Apart from Wills, Trusts and Gift Deeds, there is another way to transfer property and assets. Family Settlement Agreement can be used as a way to divide the movable and immovable assets among the family members. Read on to learn what it is and how it prevents conflicts among family members in the distribution of assets.

5 reasons why NPS should certainly be a part of your retirement planning

How to invest Rs 10 lakh in mutual funds. Smart strategies for conservative investors

Three senior wealth managers recommend a plain vanilla equity or multi-asset fund as the ideal vehicle for retail savers to invest in equities, the best long-term hedge against inflation.

Panshibi launch takes attention off DOGE

Recent updates suggest Dogecoin is set for a price surge in March as network activities increase. Meanwhile, Panshibi (SHIBI) is gaining attention with its ready plans for sustainability and potential 600% presale profits, listing on major exchanges, offering unique opportunities for crypto traders.

Kotak Mahindra Prime appoints Shahrukh Todiwala as new MD, CEO

Todiwala succeeds Vyomesh Kapasi, who will now take over as the head of product-consumer bank vertical, at KMB.

PBPartners set to expand insurance reach across 19,000 pin codes in India

PBPartners has 300,000 advisors, boosting productivity and meeting demand for affordable insurance, especially in Tier 2 and 3 markets

5 ways senior citizens can reduce their health insurance premium

Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. By starting their health insurance early, opting for family floater plans, and leveraging preventive healthcare incentives, senior citizens can ensure that their premium outgo on health insurance policies does not rise substantially and that they continue to have adequate coverage to meet all the health-related challenges that come with increasing age.

Top 5 SBI Mutual Fund Schemes: Rs 1 lakh lump sum investment has grown to Rs 2.84 lakh-3.50 lakh in 5 years; see list

Top 5 SBI Mutual Funds by One-time Investment Return: SBI Mutual Fund is the country's largest mutual fund house by assets under management (AUM). Here are five of the fund house's top-performing schemes by one-time investment returns across fund categories, as of February 19, according to AMFI data. Read on to learn about these MF schemes in detail.

Project lending dips as RBI note raises fear of higher provisioning

Sanctions by banks, FIs drop 29% to 1.94-lakh crore in first 9 months of FY25

FSIB recommends Pant and Patnaik for two MD vacancies at LIC

FSIB interfaced with 8 candidates on Thursday for two positions of MDs in LIC

OMO purchase auction receives robust response from banks

Banks bid 1.87 lakh crore in G-secs, Significantly surpassing RBIs OMO limit

This anime meme coin is likely to challenge Shiba Inu

Panshibi (SHIBI) is emerging as a strong contender in the meme-coin space with its unique combination of anime culture, AI integration, and Social-Fi features. As Shiba Inu faces declining interest, Panshibi offers innovative technology and sustainable growth opportunities, making it an attractive option for both new and seasoned crypto enthusiasts.

Senior citizen FDs vs Senior Citizen Savings Scheme: Check which one offers higher interest rate for senior citizens

Bank fixed deposits (FDs) and the Senior Citizen Savings Scheme (SCSS) are popular investment options for senior citizens seeking risk-free returns. SCSS offers an 8.2% interest rate, while various bank FDs provide interest rates ranging from 7% to 8% for senior citizens, depending on the bank and tenure.

National Pension System: How to set up SIP under NPS?

Dogecoin (DOGE) has a new power struggle: Launch of Panshibi (SHIBI) has investors rushing for the 100x

Dogecoin (DOGE) faces market challenges, overshadowed by Panshibi (SHIBI), which has launched at $0.004. Investors are drawn to SHIBI's potential for 100x gains, lucrative staking rewards, and strong security. Panshibi also supports panda conservation, attracting significant interest and investment.

Solana (SOL) and Tron's (TRX) prices may see l changes as Panshibi continues to gain momentum

Solana experiences a 6.07% drop, and Tron sees a 12.86% decline, with no major positive news. In contrast, meme coin Panshibi ($SHIBI) gains momentum in its presale phase, raising over $620k. The token's unique features and branding may attract investors seeking new opportunities.

Why ETFs in US are preferred over mutual funds: Nithin Kamath explains

ETFs eliminate capital gains taxes through an in-kind creation and redemption process, offering a key tax advantage. Due to the tax inefficiency of mutual funds, many U.S. investors prefer ETFs, particularly index-based ones. This tax benefit has contributed to the growing popularity of index funds, especially ETFs, in the U.S. market.

Trons surge expected as Panshibi emerges as a top pick for 1,000% gains in March

Trons price has been relatively stable but shows potential for a bullish breakout if it surpasses its resistance level. Meanwhile, the Panshibi meme coin emerges as a strong investment with predictions of a significant surge, making it an attractive option for investors.

These services, bill payments on Google Pay will attract convenience fees: How is it calculated; check details

Google Pay users are now charged convenience fees for bill payments using credit or debit cards, including utilities like electricity and gas. The fees range from 0.5% to 1% of the transaction amount plus GST. However, no fees are applied when using UPI.

SIP returns for the last one year in the red. Heres why

SIP investment values have declined due to recent equity market falls, lowering NAVs. Long-term investors shouldn't panic, but portfolio balancing is crucial. Wealth managers stress risk assessment before investing, recommending large-cap or hybrid funds for lower volatility.

Kotak Nifty Commodities Index Fund NFO is open for subscription. 10 things to know

The scheme's NFO is open for subscription until March 3 and will reopen for continuous sale and repurchase on March 18.

Top 5 flexi cap funds with 5-year returns up to 29% as on Feb 12, 2025

Top 5 flexi cap funds with 5-year returns up to 29% as on Feb 12, 2025

NFO Alert: 360 ONE Asset launches Gold ETF

The new fund offer (NFO) is open for subscription and will close on February 28. The minimum application amount is Rs 500 (with subsequent multiples of Re 1). The NFO is priced at Rs 10 per unit.

Punjab National Bank revises interest rates; check latest PNB home loan, car loan, and personal loan interest rates and offers

Punjab National Bank has revised its lending rates, effective February 10, 2025, following a reduction in the RBI repo rate. The new rates apply to home, car, personal, and education loans, and home loans.

Gold ETFs offer up to 40% return in 1 year. Are you a gold bug?

Gold ETFs have delivered up to 40% returns in the past year, with inflows surging 486% monthly. UTI Gold ETF led with 39.75% returns. Rising uncertainty, U.S. trade tariffs, and inflation concerns have boosted demand. AUM grew 87% YoY, reflecting strong investor interest.

Big depositors of fraud-hit NICB plan association to recover funds

The RBI on February 14 superseded NICBs Board of Directors for a year

NFO Insight: Helios Mid Cap Fund opens for subscription. Should you invest or wait?

Helios Mutual Fund's new offering, Helios Mid Cap Fund, is open for subscription until March 6, focusing on long-term capital appreciation through mid-cap stocks. Experts advise caution with NFOs, suggesting potential investors wait for performance data before committing, and emphasize considering established mid-cap funds with track records.

SBI vs PNB vs BoB- 5 year FD Scheme: Which bank can give you higher return on Rs 1 lakh and Rs 2 lakh investments?

BoB:On a Rs 1 lakh investment, you will get Rs 1,40,094 on maturity while senior citizens will get Rs 1,44,285 on maturity. If you invest Rs 2 lakh, your maturity amount will be Rs 2,80,188 and senior citizens will get Rs 2,88,570.

IRDAI imposes 1 crore penalty on UIB Insurance Brokers

The penalty should be remitted by the broker within forty-five days of receiving the order, IRDAI said

Bank holiday today: Are banks open or closed today in your state on February 20, 2025?

Banks will be closed in some states today on February 20 to commemorate their Statehood Day. Financial transactions should be planned accordingly as banks in these states won't be operational. Online banking services, however, will remain accessible.

Mutual Funds & You: How to invest Rs 10 lakh today

A plain vanilla equity scheme or a multi-asset fund whatever appeals to the retail saver should be the vehicle to direct funds now into equities, which still remain the best long-term bets against inflation. Avoid narrow, sector-based plans, however, is their advice.

Banks CD issuances soared 44% in FY25 so far: RBI bulletin

Banks see a 44% surge in CD issuances, while India Incs CP and corporate bonds also rise significantly

ICAI President Seeks Stronger Ties with NFRA, But Stresses Mutual Respect

Over 4 lakh CAs have strong understanding of ground realties besides Indian customs and conventions, said new Prez Nanda; ICAI Sets up Work-Life Balance Committee

SBI 5-year FD vs HDFC Bank 5-year FD: What will you earn after 5 years on investment of Rs 20,00,000?

SBI 5-year FD, HDFC Bank 5-year FD, fixed deposit interest rates, FD returns comparison, SBI vs HDFC FD, best 5-year FD, FD investment returns, tax-saving FD, FD interest rates 2024, highest FD rates, SBI FD calculator, HDFC FD calculator, fixed deposit schemes, FD maturity amount, long-term FD investment.

5 worst performing, India-focused offshore equity funds and ETFs in 1 year

India-focused offshore funds and ETFs returned 11.9% over the past year, underperforming the MSCI India USD Index, which gained 12.4%, according to Morningstar.

Top 5 flexi-cap funds with up to 21% returns in 3 years as on Feb 12

6 different ways to pay HDFC Bank credit card bills

Gratuity Calculation: What will be your gratuity on a Rs 55,000 basic salary for 5.5 years of service?

Learn how to calculate gratuity for a Rs 55,000 basic salary with 5.5 years of service. Understand eligibility, the formula, and factors affecting your gratuity payout for better financial planning.

Returns on 444-Day Special FDs: How much can you earn on Rs 2 lakh, Rs 4 lakh, and Rs 6 lakh investments with SBI, Indian Overseas Bank, and Federal Bank?

444-Day Special FDs: Several leading banks, including State Bank of India (SBI), Indian Overseas Bank (IOB), and Federal Bank, have rolled out limited-period special FD schemes, offering bettern interest rates than standard FDs.

Top 5 Equity Linked Savings Scheme (ELSS) funds with up to 27.43% returns in 5 years

7 mutual funds trimmed holdings in 21 midcap stocks in January

LIC Smart Pension Plan: How much minimum pension you can get monthly, quarterly, half-yearly, yearly

LIC's Smart Pension Plan offers multiple annuity payout frequenciesmonthly, quarterly, half-yearly, or yearlyto cater to varying financial needs.

HDFC Bank and BSE among top holdings by mutual funds in January

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Nifty50 ETF: A low-cost fund to invest in the best bluechips

Investing in the Nifty 50 ETF offers a low-cost, risk-free way to replicate the performance of 50 major companies across 15 sectors. The ETF provides high liquidity, affordability, and periodic balancing, making it a valuable option for both new and experienced investors.

Gold ETFs turned Rs 10,000 monthly SIP into over Rs 9 lakh in 5 years. Did you miss the gold rush?

HDFC Gold ETF and Axis Gold ETF grew a Rs 10,000 SIP to Rs 9.21 lakh and Rs 9.19 lakh, respectively, over five years. Aditya Birla SL and Kotak Gold ETFs reached Rs 9.16 lakh each, with XIRRs of 17.19% and 17.18%. Quantum Gold Fund hit Rs 9.15 lakh, while SBI Gold ETF followed at Rs 9.14 lakh.

How AGS Transact Technologies got into financial trouble

AGS Transact Technologies said last week in a filing to exchanges that the company and its subsidiary had defaulted on payments of 5.76 crore to lenders

What attracts SHIB & DOGE traders to Panshibi?

Shiba Inu (SHIB) and Dogecoin (DOGE) face market uncertainties as Panshibi (SHIBI) gains traction. SHIBI's AI-powered tools and DeFi applications attract investor interest, raising over $900,000 in presale. Analysts predict significant potential for SHIBI, possibly outperforming established meme coins in 2025.

LICs Smart Pension Plan: Important FAQs to know for your retirement planning

LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life annuities, the plan guarantees a steady income.

Radhika Gupta on benefits of starting SIP in your child's name

Childrens funds, as defined by Sebi, have a lock-in of at least five years or until the child reaches adulthood. Over the past five years, these funds have delivered an average return of 12.62%. HDFC Childrens Fund led with 16.40% returns, while other funds like SBI Magnum and LIC MF showed strong performance. Edelweiss offers easy steps to open a minors folio.

PNB reports 270.57 crore fraud in NPA account to RBI

The public sector bank, in a regulatory filing, said it has already made provisions amounting to 270.57 crore, as per prescribed prudential norms

LIC unveils Smart Pension Plan: Single premium annuity with multiple payout options

Designed as a non-par, non-linked savings and immediate annuity plan, it allows entry from 18 to 100 years, depending on the chosen annuity option.

ET In The Classroom: SIPs in choppy markets

The value of the units accumulated through the SIP mode of investment over the last one year has fallen due to a sharp fall in the equity markets in the last few weeks.

IRDAI permits one-time UPI mandate for buying life, health cover

Bima - ASBA facility allows users to block funds in their bank accounts for specific transactions, ensuring availability of funds while deferring actual payments

Good news, insurance buyers! Proposed 12x increase in free-look period may help you pick best policyand patiently

Experts say this is a significant move that can boost competition in the countrys insurance space while enabling customers to course-correct after picking a policy in a hurry. On Monday, Finance Minister Nirmala Sitharaman said that the government had directed private sector insurance companies to extend this period to one year from one month.

Depositors at NICB on tenterhooks, worried over how they will pay salaries

RBI assurance provides some solace to those with deposits up to 5 lakh

LICs Smart Pension Plan: Key features, eligibility, annuity options, death benefits and more

LIC introduces the Smart Pension Plan, providing flexible and secure retirement solutions with multiple annuity options. Suitable for a wide range of ages, the plan offers benefits like higher annuity rates for existing policyholders, liquidity options, and provisions for dependents with disabilities.

Karnataka Bank launches 2 products to mark its founders day

KBL Stri and KBL One Family Banking Programme were launched to mark the event

Political meme coins under scrutiny after $LIBRA debacle shakes investor trust

$LIBRA plummeted 95 per cent within hours, with insiders reportedly taking out $107 million

Sebi asks AMCs for NFO fund deployment within prescribed time; ensure MF stress test disclosure

Markets regulator Sebi has amended mutual fund rules asking asset management companies (AMCs) to deploy the money collected from investors through New Fund Offers (NFOs) in a prescribed time limit. Additionally, the regulator has mandated disclosure of stress testing for mutual fund schemes to provide greater transparency to investors.

Top Large Cap vs Top Index Mutual Funds in 5 Years: Which of them has generated larger corpus on Rs 10,000 monthly SIP investment? Know here

Top Large Cap vs Top Index Mutual Funds in 5 Years: Large cap mutual funds have most of their investments in large cap stocks, while an index fund tracks an index and has a similar stock combination.

5 best performing, India-focused offshore equity funds and ETFs in 1 year

India-focused offshore funds and ETFs returned 11.9% over a year, lagging the MSCI India USD Index's 12.4%, per Morningstar.

Next big meme coins: Three tokens poised for growth

Meme coins are creating buzz in the crypto market. Bitcoin Bull ($BTCBULL) offers a structured growth model with a presale exceeding $1 million. Solaxy ($SOLX) enhances the Solana networks efficiency, raising $20 million in presale. Mind of Pepe ($MIND) leverages AI for insights, reaching $5 million in presales, attracting investors and influencers alike.

After RBI rate reduction, this bank cuts fixed deposit interest rates by 25 bps but seniors can still get 9.05%; check details

The Reserve Bank of India on February 7, 2025, cut the repo ratefrom 6.50% to 6.25%for the first time in nearly 5 years. Shivalik Small Finance Bank (SFB) has reduced its interest rates on fixed deposits (FD), after the Reserve Bank of India (RBI)s repo rate cut.

5 income tax changes every taxpayer should know about, which were introduced in the Income Tax Bill 2025

Three Meme coins to keep an eye on before prices surge

Bitcoin Bull ($BTCBULL) is a new meme coin leveraging Bitcoin's momentum, featuring BTC airdrops when key price milestones are hit. With a capped supply and deflationary burns, $BTCBULL aims to create scarcity. Built on Ethereum for ease of use, the presale has already surpassed $2 million, making it an attractive investment opportunity.

Latest lending rate offered by HDFC Bank, Bank of Baroda, PNB, Canara Bank, IDBI Bank

Business cycle investment strategy for long-term growth

Business cycle investing tailors strategies to economic phases like recovery, expansion, recession, and slump. Investors dynamically allocate assets across sectors to capitalize on growth and mitigate risks. This disciplined approach enhances returns and manages volatility, ideal for those with a long-term horizon.

Top cars under Rs.20 lakh set to launch in 2025

Top cars under Rs.20 lakh set to launch in 2025

Latest car loan interest rates 2025: Check which bank is offering lowest car loan interest rates

Evaluating your financial capability before securing a car loan is crucial to avoid cash flow disruptions. Here is a comparison of the interest rate of car loans and the corresponding EMIs for a loan amount of Rs 5 lakh with a repayment tenure of 5 years across different banks in India.

Mutual funds trimmed holdings in 20 smallcap stocks in January

HDFC Mutual Fund trimmed its holdings in three stocks: Safari Industries, Dilip Buildcon, and Finolex Industries.

Bitcoin Bull ($BTCBULL) presale smashes $2 million - Next meme coin to take off?

Solaxy ($SOLX), Bitcoin Bull ($BTCBULL), and Mind of Pepe ($MIND) are three emerging meme coins showing promise. Solaxy focuses on improving Solana's market with a layer-2 solution, Bitcoin Bull leverages BTC momentum with rewards and burns, and Mind of Pepe merges AI and blockchain to analyze social media trends and provide holders exclusive insights.

Coforge and Dixon Technologies among top 10 stock holdings of Motilal Oswal Mutual Fund in January

As of January 31, 2025, Motilal Oswal Mutual Fund managed 59 schemes with an AUM of Rs 99,628 crore.