34 C 
RBI announces result of underwriting auction for 34,000 crore government securities
The underwriting auction was conducted for the Government of India security with a notified amount of 34,000 crore, according to the RBI release issued on Friday
SBI Q4 net up 5.6% to 19,684 crore, provisions down
Total income came in at 1.4 lakh crore, a tad down from 1.44 lakh crore year ago
The Patna High Court has issued comprehensive directions for the National Lok Adalat on May 9, 2026, aimed at facilitating the smooth settlement of pending traffic challans under Bihar's One-Time Settlement Scheme. Authorities are instructed to ensure accessible locations, online payment options, and adequate security and parking to manage anticipated large crowds and prevent interference from external agents.
NBFCs plan 15,000 crore in debt sales as yields decline
A drop in corporate debt yields, especially for shorter term funds, has prompted companies to go back to the market after a quiet April
Quant Small Cap Fund exits HDFC Bank, Jio Financial Services and 5 other stocks in April
Quant Small Cap Fund reshuffled its portfolio in April, exiting seven stocks including HDFC Bank and Jio Financial Services while adding new names and trimming exposure in select counters. The fund maintained a defensive stance with higher large-cap allocation, aiming to manage volatility and improve liquidity amid broader market uncertainty.
Gold and silver prices remained largely unchanged on May 8, 2026, following an uptick driven by easing inflation concerns and potential US-Iran peace talks. Experts predict gold could reach $4,800-$4,850, while silver eyes $85, with markets awaiting key economic data.
Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance banks also present competitive rates.
Invesco Mutual Fund resumes subscription in 3 international funds
Invesco Mutual Fund has resumed subscriptions for three international funds, including Global Equity Income, Pan European Equity, and Global Consumer Trends, effective May 8. Subscriptions will be permitted up to available headroom without breaching overseas investment limits as of February 1, 2022. The fund house reserves the right to temporarily suspend subscriptions if limits are approached.
IMF warns AI-driven cyber threats could destabilise global financial markets
Advanced AI models now reduce the time and cost required to identify and exploit weaknesses, increasing the probability of attackers targeting widely used systems simultaneously
Hyderabad's luxury real estate market saw a significant surge, with High Net Worth Individuals (HNIs) and Ultra HNIs investing Rs 8,562 crore in FY2026. The report highlights Kokapet, Nanakramguda, and Manchirevula as prime locations, indicating a shift in investment focus towards the city's growing luxury ecosystem.
Motilal Oswal Mutual Fund has launched its Contra Fund, open for subscription until May 22. The fund aims for long-term capital appreciation by investing in fundamentally sound but undervalued stocks. Experts suggest this strategy suits patient investors with a 3-5 year horizon, especially during market volatility.
Your in-hand salary may not change under the new labour code yet, know why
Salaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI coverage are changing, the full impact on in-hand salary, particularly PF contributions, is pending. Employers are strategizing transitions, with changes often linked to annual reviews rather than immediate pay slips.
Goldman Sachs private credit funds share of bad loans rises
Investments typically reserved for a funds troubled holdings now make up 4.7% of Goldman Sachs BDC Inc.s portfolio at cost, according to a filing on Thursday
Best large & mid cap funds to invest in May 2026
Large and mid-cap mutual funds offer a mix of large and mid-cap stocks. These funds suit aggressive investors with a long-term view. Fund managers adjust allocations based on market outlook. Investors can choose funds tilted towards large caps for safety or mid caps for growth. Performance updates for recommended schemes are provided.
Microfinance portfolio rebounds to 3.31 lakh crore, up 3.2% q-o-q: Report
The growth was largely supported by a surge in new loan originations and an increase in average ticket sizes across the industry
Indian banking credit growth to moderate to 12-13% in FY27E: Report
While deposit growth is projected to stabilize and improve marginally to match credit growth at 12-13% by FY27E, the traditional reliance on low-cost savings is under significant pressure
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168
A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new forms for various reporting needs. Key changes include updated PAN application forms and new TDS certificates. This marks a significant shift in tax compliance procedures for individuals and businesses.
What if your child turns 18 with 1 crore already waiting for them? A 4-step plan that lets you do it
Earn Rs 75 lakh, pay tax on Rs 37.5 lakh: the legal shortcut doctors and lawyers are using
Arun received Rs 20,000 compensation for a new bike with multiple defects. The vehicle developed issues with its meter, engine overheating, and fuel tank within two years of purchase. Despite multiple services, the problems persisted. The Thrissur district consumer commission ruled in Arun's favor, ordering the dealer to pay compensation and costs for the deficiency in service.
SBI to consider $2 billion foreign currency bond issue on May 12
According to a regulatory filing, the bank is considering fundraising through Reg-S/144A instruments in single or multiple tranches via public offer or private placement
Bulk depositors cash in on banks need to raise resources to meet credit demand
Credit growth (year-on-year) of all scheduled banks at 14.88% as on April 15 was 276 basis points, higher than the deposit growth of 14.88%, per RBIs latest data
SBI expected to post a modest growth in Q4 profit
Broking firms see flat net interest margin
Prudent Corporate Advisory Services logs 14% rise in profit in Q4
Revenue up 27% to 361 crore; equity AUM grows 16% y-o-y despite Nifty correction; dividend of 3.50 per share declared
InMobi acquires MobileAction to deepen capabilities in Apples advertising ecosystem
The acquisition gives InMobi Advertising access to MobileActions data infrastructure
Manappuram Finance makes four senior leadership appointments
Move to enhance business, taxation, finance and technology functions
Karur Vysya Bank Q4 net up 41% on core and other income growth
Net interest income grew 25% YoY to 1,359 crore
Anthropic Mythos AI model has advanced capabilities to identify and potentially exploit systems, he said
Instant 10,000 loan approval strategy: How to pick lenders offering the best interest rates
A 10,000 instant personal loan may look small on paper, but that doesnt mean you should choose a lender casually.
Bajaj Finserv Health appoints Deepak Matai as CEO
Matai brings over 25 years of leadership experience across financial services, insurance and consumer businesses, Bajaj Finserv
Now make EPF payments via net-banking as Federal Bank launched this facility for its customers
Federal Bank now allows customers to pay Employee Provident Fund dues through its net-banking platform. This new facility offers a convenient and secure way to make EPFO payments. Individuals and businesses can now settle their EPF dues quickly online, saving time and effort. The service enhances digital convenience and supports organizations in meeting their statutory compliance needs.
NRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international numbers and app-based authentication, maintaining an active Indian SIM remains crucial for many transactions. Read the article to know how NRIs can keep their Indian mobile number active, handle OTP issues overseas and avoid common banking access problems
Borrower alert: HDFC Bank reduces MCLR on short-term tenures, increases 3-year rate
HDFC Bank has adjusted its lending rates. Effective May 7, 2026, some loan tenures will see a reduction of up to 5 basis points. However, one tenure will experience a 5 basis point increase. These changes impact borrowers with loans linked to the MCLR regime. The bank's MCLR rates now range from 8.05% to 8.60%.
Aptus Value Housing Finance Q4 profit up 26% to 261-cr
Total income rose 19% to 594 crore during the January-March quarter of 2026 from 499 crore in Q4FY25
How cashback credit cards are shaping everyday spending habits
IDFC FIRST Bank's FIRST EARN and Hello Cashback credit cards offer straightforward cashback on daily transactions, maximizing savings without altering spending habits. These cards provide an interest-free period and fee reversals on spending, enhancing value beyond just cashback with added protection benefits.
Explained: Why mutual fund expense ratios are suddenly looking higher
RBI to facilitate underwriting auction for government securities for 34,000 crore on May 8
The auction will focus on a new issuance designated as New GS 2036; Primary Dealers will bid electronically through the e-Kuber platform
RBI allows Kotak Bank to hike stake to 9.99% each in AU Small Finance, Federal Bank
On Thursday, AU Small Finance Bank and Federal Bank announced they received approval from the Reserve Bank of India on May 6
NFO Update: Motilal Oswal Mutual Fund launches Motilal Oswal Contra Fund
Motilal Oswal Mutual Fund has launched the Motilal Oswal Contra Fund, an open-ended equity scheme based on a contrarian investment strategy. The NFO opens on May 8 and closes on May 22. The fund aims for long-term capital appreciation by investing in undervalued companies with turnaround potential across market cycles.
Gold and silver prices surged on Thursday, May 7, 2026, driven by easing global inflation concerns and positive diplomatic signals between the US and Iran. This de-escalation prospect led to a significant rally in both precious metals, with gold and silver rising 3% and 6% respectively.
The All India Defence Employees Federation (AIDEF) has submitted a memorandum to the 8th Pay Commission, demanding a Rs 69,000 minimum pay and a 3.833 fitment factor for defence civilian employees. The federation also seeks higher risk and hardship allowances, along with revised cadre structures and pay scales for various technical and clerical positions.
NFO Alert: Kotak International announces launch of Kotak Indo-Pacific Defence UCITS ETF
Kotak International has launched its first UCITS ETF focused on the Indo-Pacific defence sector, offering exposure to rising military spending across key Asian markets. Developed with HANetf, the fund includes nearly 30% allocation to Indian companies, aligning with Kotaks strategy to expand global, theme-based investment offerings.
BlackRock to invest in Indias Shapoorji Pallonji unit dollar debt, sources say
The asset manager is considering an initial investment of $100 million to $200 million in the bond issue via an Asia-focused fund, a move likely to reassure other investors, the first source said
Paytm rules out NBFC licence plans
NEW DELHI, May 7: Fintech major One97 Communications, which operates the Paytm brand, has ruled out plans to apply for a Non-Banking Financial Company (NBFC) licence. During the companys Q4 earnings call on Thursday, Paytm President and Group CFO Madhur Deora said, Were not super excited about going for an NBFC licence. He noted Paytms preference for a win-win partnership model where Paytm handles distribution, technology, and collections, while its blue-chip lending partners manage capital, risk, and cyclicality. We have [] The post Paytm rules out NBFC licence plans appeared first on Daily Excelsior .
J-K: Chargesheet against 11 in HDFC Bank fraud case in Shopian
The case, registered under the relevant provisions of the BNS and the IT Act, pertains to alleged financial irregularities at the Shopian branch of the bank
Can Rs 85,000 monthly SIP create Rs 2 crore corpus in 7 years? Heres what calculations show
An investor investing Rs 85,000 monthly may not reach Rs 2 crore in seven years. Experts suggest increasing monthly SIPs by Rs 68,000 to Rs 1.53 lakh. The portfolio strategy needs adjustment as the goal nears. Reducing exposure to volatile small and midcap funds is advised. Shifting to largecap or index funds will stabilize returns and protect the corpus.
Telangana's Registration and Stamp department is set to significantly increase property registration values, with hikes ranging from 20% to 100% across the state. This move aims to bridge the substantial gap between government valuations and current market rates, particularly in high-growth western Hyderabad areas. The revision is expected to boost government revenue from property registrations.
The 8th Central Pay Commission will meet with Defence and Railway employee and pensioner bodies in New Delhi on May 13 and 14, 2026. Stakeholders must request appointments online by May 10, 2026. The Commission will also visit Hyderabad, Srinagar, Jammu, and Ladakh in May and June 2026. Railway technical employees are demanding a minimum basic salary of Rs 52,600.
ICRA Analytics said investors should blend active and passive mutual fund strategies to navigate volatile markets driven by geopolitical tensions and global uncertainty. The report highlighted that balanced portfolio allocation based on risk appetite, goals and investment horizon can help investors stay resilient through market cycles while pursuing long-term wealth creation.
Motilal Oswal Asset Management Company gets approval to sponsor pension funds under NPS
Motilal Oswal Asset Management Company has received PFRDA approval to operate as a Pension Fund Sponsor under the National Pension System. The company will establish a separate pension fund entity to manage NPS assets and retirement investments, aiming to strengthen its presence in Indias long-term retirement planning and pension management ecosystem.
Spending 1 lakh on preschool activities? Smart ways to plan and save for skill classes
Looking for largecap mutual funds amid market volatility? Check these top 5 funds to invest in May
Top largecap mutual funds were shortlisted using rolling returns, consistency, downside risk, outperformance, and asset size, with select schemes delivering around 1516% returns over the last five years.
Sensex down nearly 7,200 points in 2026 so far. Should you continue SIPs or pause?
The BSE Sensex has seen a significant drop this year. Experts recommend investors continue their Systematic Investment Plans. This strategy allows for acquiring more mutual fund units at lower prices. For those with extra funds, staggered lump sum investments are also suggested. Market corrections are viewed as normal and beneficial for long-term wealth creation.
A UPSRTC bus conductor lost his government job after ferrying 59 passengers without issuing tickets. The Allahabad High Court upheld the termination, citing dishonesty and financial loss to the government. The conductor had filled paybills but failed to distribute tickets. The court found no reason to interfere with the disciplinary action.
Banks well-placedto transition to expected credit loss provisioning: Fitch
The ratings agency expects the banking systems average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28.
The investor who did nothing beat the one who tried everything. Here's how to copy them
$83 trillion changing hands: Are millennials & GenZ ready for the biggest wealth shift in history?
Q4 ResultsToday, May 7, 2026, Live Updates: Follow our live updates
Zero forex to complementary lounge access: 5 popular travel credit cards worth checking out
Frequent travelers can enhance their journeys with the right credit cards. Cards like Federal Bank Scapia and Ixigo AU offer lounge access and rewards. Some provide zero forex markup on international spending. These cards aim to reduce expenses and improve travel experiences for regular flyers. Explore options for better travel.
NC-JCM 49th annual meeting: Pension hike, CGHS expansion & medical allowance boost on agenda
The NC-JCM will hold its 49th annual meeting on May 11, 2026, to discuss key issues impacting central government employees and pensioners. Major proposals include enhanced pension benefits, higher family pension, expanded medical facilities, and full reimbursement of treatment costs. It will also raise concerns over regional recruitment, promotion delays, and career stagnation, among other issues.
Divorced daughter eligible for fathers pension if dependency proven, rules high court
A divorced daughter, deserted by her husband, can claim her late father's family pension if dependency existed during his lifetime, even if divorce was finalized later. The Calcutta High Court ruled that a government memo allows this, emphasizing the beneficial object of pension rules. Dependency and marital breakdown prior to the father's death are key.
Buying a home in Indian metros is an emotional decision, but financial realities are shifting. Renting and investing the difference between rent and EMI can build substantial wealth over two decades. Equities offer higher long-term returns than property appreciation. The choice hinges on prioritizing financial optimization or personal stability.
ECLGS 5.0 could potentially benefit about 1.1 crore MSMEs: SBI report
Indian Banks Managing Director Binod Kumar sees an additional credit flow potential of between 12,000 crore and 15,000 crore under the ECLGS scheme
PFRDA has launched NPS Sanchay, a simplified National Pension System variant, to serve India's informal sector employees. This scheme aims to reduce investment complexities and asset allocation challenges for nearly 90% of the workforce lacking formal pension coverage. Eligibility extends to Indian citizens aged 18-85, with rules aligning to existing NPS schemes.
OCI rules 2026: List of key revised rules under Citizenship Amendment Rules, 2026
South Indian Bank post 19% rise in net profit at 408 crore in Q4 FY26
The net profit for the whole FY26 was 1,455.14 crore, registering a growth of 12% compared to 1,302.88 crore in FY25
J&K Bank posts record annual profit of 2,363 crore in FY26
Net profit rises 13%, marking fourth consecutive year of record earnings
Gold prices surged on May 6, 2026, driven by escalating Middle East tensions and amplified inflation concerns. Major jewelry brands and IBJA reported noticeable uptrends in 22k gold rates, reflecting firm global cues. This rise follows a day of pressure on gold prices due to geopolitical events.
Review of India's HDFC Bank finds no major governance concerns after chairman exit, sources say
The resignation was followed by a 13.81% drop in the bank's share price
SEBI classifies significant indices based on 20,000-cr AUM threshold
In its circular on Tuesday, the regulator said the threshold will be assessed for half-yearly periods ending on June 30 and December 31
NFO Update: Groww Mutual Fund launches Groww Nifty Private Bank ETF
Groww Mutual Fund has launched the Groww Nifty Private Bank ETF, a passive scheme tracking the Nifty Private Bank Index TRI. The NFO is open until May 20. The fund offers exposure to private banking stocks with a low-cost, rules-based approach, aiming to minimise tracking error and deliver benchmark-aligned returns.
Quantum AI scam: A viral message falsely claims Finance Minister Nirmala Sitharaman is promoting a 'Quantum AI' investment scheme. It promises huge returns on small investments with zero risk and government guarantee.
11 equity mutual funds with over Rs 1,000 NAV offer upto 24% CAGR since their inception
Around 11 equity mutual funds with NAVs above Rs 1,000 have delivered strong long-term returns, with CAGRs reaching up to 24%. Most of these funds have been in the market for over two decades, highlighting the role of time and compounding in wealth creation across categories like mid cap and flexi cap.
8th Pay Commission: Maharashtra Old Pension Organization representatives met with the 8th Pay Commission in Pune, advocating for a Rs 65,000 minimum basic pay and a 3.8 fitment factor for central government employees. Key demands included a 4% minimum DA increase, revised HRA and TA, faster career progression, and pension reforms for UPS subscribers.
NPS Swasthya explained: How it compares with regular health insurance policies
Maharashtra is launching 60 new model property sub-registrar offices. These centers, managed by VFS Global, aim to speed up property registrations. Buyers can choose these modern facilities or continue using existing offices. The government will maintain strict control over these new centers. This initiative seeks to improve citizen experience and reduce waiting times.
Overpaying for insurance? Spot these costly online dark patterns before you buy
Bengaluru apartment owners secured a major win as the Karnataka High Court ordered a builder to demolish illegal construction. The construction encroached on the setback area of Rajsri Apartments in Rajarajeshwari Nagar. The court ruled that the revised plan lacked a crucial Fire Department NOC. This decision prioritizes public safety and emergency access over builder's interests.
PNB allocates up to 8,000 crore for cybersecurity, ramps up tech procurement
The bank is also fast-tracking procurement of security tools and has moved to 24/7 audits to detect vulnerabilities quickly
My Portfolio: How your mutual fund SIP can help you create Rs 7 crore corpus in 15 years
A 30-year-old investor aiming for Rs 7 crore in 15 years faces a shortfall despite a Rs 10,000 monthly SIP with a 27% annual step-up. Expert Vishal Dhawan suggests consolidating mid-cap and small-cap funds to reduce overlap, retaining Parag Parikh Flexi Cap Fund as core. Increasing contributions is key to bridging the Rs 2.2-2.5 crore gap.
A wife earning Rs 1.5 lakh monthly sought higher maintenance from her husband. The Karnataka High Court denied her plea. The court noted her substantial income and the husband's limited assets, including a mortgaged one-acre land. His potential share in ancestral property was deemed insufficient grounds for enhancement. The court upheld the original maintenance order.
Looking for best mutual funds to invest in May 2026? Here are top 10 performers
Here are some of the top-performing mutual funds for May 2026, based on recent performance, consistency, and category leadership across large-cap, flexi-cap, midcap, and thematic segments:
You dont need a raise; you need these 6 money habits to build wealth faster
Q4 ResultsToday, May 6, 2026, Live Updates:
SIP vs RD: With Rs 10,000 monthly investment, where can you make more money in 10, 15 and 20 years?
Choosing between SIPs and Recurring Deposits (RDs) for regular investment presents a common dilemma. While RDs offer predictable, fixed returns with minimal risk, SIPs in mutual funds, particularly equity funds, have the potential to generate significantly higher corpus over the long term, despite market fluctuations.
Enhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees take-home pay. However, the expanded definition of wages under the Code on Social Security, 2020 may increase gratuity and other social security liabilities. While restructuring may benefit employees, it can also raise long-term costs for employers, creating a clear dilemma and limiting widespread adoption.
Why MF expense ratios are showing higher numbers
Mutual fund expense ratios are rising due to new Sebi guidelines mandating the inclusion of trading-related costs in the Total Expense Ratio (TER). This revised reporting offers investors a more transparent view of all scheme expenses, including brokerage and transaction fees, previously excluded from the headline number.
To mitigate moral hazard, REs shall be prohibited from selling the SNFA back to the borrower or to any related party of the borrower. They will also be required to disclose the stock of SNFAs held by them in their balance sheet
Manappuram Finance post 405 crore PAT in Q4
The assets under management grew 22.4 per cent to 63,798 crore
