33 C 
RBI balance sheet jumps 20.6% to 91.97 lakh crore in FY26
The RBI also reported a 6.7 per cent rise in overall surplus to Rs 2.86 lakh crore, while the value of its gold holdings surged due to rising gold prices and rupee depreciation against the US dollar
Financial institutions report over 10,000 cases of fraud involving 48,000 cr in FY26: RBI data
While the number of frauds was the highest under card/internet/digital payments category during 2023-24 and 2024-25, advances category accounted for the largest share in 2025-26
RBI plans expansion of digital rupee through welfare schemes, cross border payments
Separately, the RBI said its cloud platform for financial firms went live in beta mode with nine users, making such a move amongst the first among central banks
NFO Update: Groww Mutual Fund launches Groww Nifty Smallcap 250 Momentum Quality 100 ETF
Groww Mutual Fund has launched the Groww Nifty Smallcap 250 Momentum Quality 100 ETF, offering passive exposure to small-cap companies selected on momentum and quality factors. The ETF aims to provide diversified participation in Indias small-cap segment through a rules-based investment strategy focused on stronger price trends and relatively sound fundamentals.
Domestic bond yields could face upward pressure: RBI Annual Report
Report highlights G-sec hardening in FY26 but notes sufficient buffers in domestic financial system to handle risks
Bank time deposits, debt MFs act as complementary investment avenues: RBI report
This structural segmentation minimises direct competition between the two instruments, fostering concurrent allocation rather than substitution, per the analysis
HDFC Bank denies material impact of alleged 45 crore payment routing issue
Bank says internal controls are robust amid reports of disguising extra interest payments as marketing expenditure on deposits placed by a Maharashtra Government-owned entity
India insurers seek doubling of tax-free limit for some products to boost inflows, sources say
Indian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowing into these funds. Inflows have slowed down since new tax limits were introduced in February 2023. Higher inflows would support government borrowing needs for long-term projects. The Life Insurance Council has formally requested this change.
Indias growth outlook for FY27 remains positive: RBI Annual Report
West Asia conflict and the attendant risks could pose headwinds to growth and inflation in the short run
Bengaluru citizens can attend an e-Khata open house on May 30, 2026. This event, part of the Bhoo Guarantee- 6th guarantee scheme, offers on-the-spot assistance for property tax and e-Khata related services. Held in various areas, it aims to resolve citizen issues and streamline property administration. The initiative promotes transparency and legality in property transactions across the city.
No salary hike despite excellent performance? Heres what you can do under Indian labour laws
EPS pension alert: Can't submit your Life Certificate? Here's the process EPFO wants you to follow
EPS-95 pensioners unable to submit their annual life certificate can now avail doorstep assistance from the postal department. A simple call to 033-22029000 will arrange for a postal worker to visit and submit the certificate free of charge, ensuring uninterrupted pension payments.
Bandhan Small Cap Fund topped the list with 251 stocks in March 2026, followed by Nippon India Small Cap Fund and HDFC Large and Mid Cap Fund, highlighting strong portfolio diversification trends.
Equity mutual funds saw strong performance in May, with returns reaching up to 17%. International funds led the gains, driven by markets like the US, Korea, and Taiwan. While global diversification is beneficial, experts advise caution due to high valuations. Investors should consider a systematic investment plan for global exposure, focusing on long-term data for market assessment.
The Supreme Court has ruled that a wife's career choice is not cruelty. A woman's decision to open her own dental clinic was opposed by her husband and in-laws. The court stated this reflects a regressive mindset. Charges of cruelty and desertion against the wife were dismissed. The divorce decree remains valid on grounds of irretrievable breakdown of marriage.
Your bank said No. An NBFC said Yes. Here's what that loan really costs you
50-20-30: The salary budgeting rule that works whether you earn 25,000 or 2.5 lakh a month
Dubai is introducing a new law for shared housing. Landlords must get permits from the Dubai Land Department. Non-compliance can lead to tenant eviction and permit cancellation. The law sets rules for occupancy and space per resident. Designated areas will be identified for shared housing. This aims to regulate the sector and ensure safe living conditions for all residents.
Retail rental yields in Delhi NCR and Mumbai's Grade A and A+ malls have seen significant appreciation, with Mumbai recording 15-20% year-on-year growth. This surge is driven by strong footfalls, tenant productivity, and the expansion of international retailers, making malls an attractive investment. Investors can consider REITs for exposure to this growing sector.
Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While cheaper than cards in select countries like UAE and Singapore, UPI acceptance is uneven, and backup payment options are essential. Users must be aware of transaction limits, potential failures, and fraud risks.
Q4 Results Highlights Today Live Updates: Stay tuned to businessline for the latest live updates on Q4 earnings.
How a personal loan EMI calculator can help you plan repayments better
Understanding personal loan EMIs is crucial for managing major expenses. An EMI calculator helps estimate monthly repayments based on loan amount, interest rate, and tenure, enabling informed borrowing decisions. Bajaj Finance offers flexible personal loans with amounts up to 55 lakh and tenures up to 108 months, ensuring convenient repayment options.
IBC: Creditors realised 4 lakh cr; cases involving 14 lakh cr settled in pre-admission stage
Till March this year, a total of 8,987 cases had been admitted, and 7,102 reached closure.
This simple Google tool can decrease the chances of strangers coming across your private information lying on the internet. However, you must know that the Results about you feature does not erase the data from the original website, for which you would need to contact the site owner.
India needs deeper bond market to support long-term growth: Care Edge
Care Edge added that achieving the Viksit Bharat vision by 2047 will require large-scale long-term capital mobilisation through a stronger debt market ecosystem
Ageas Federal Life Insurance enters into distribution partnership with Policybazaar
The private life insurer stated that the alliance aims to enhance digital distribution, providing insurance solutions to Indias growing base of digital-savvy consumers through an online journey
Bajaj Finserv to invest 1,500-2,000 crore in AI innovation startups over 5 yrs
Group partners IIT Bombay for research in AI, cybersecurity and quantum technologies with focus on early-stage companies
Halving of recoveries under IBC a cause for concern: ICRA
Realisations fell sharply in FY26, with recoveries dropping to 22% in H2 FY26 from 63% in H2 FY25, according to an agency study
Gold rate today: Gold prices saw a decline on May 28, 2026, influenced by ongoing US-Iran talks. Major jewelers like Tanishq, Joyalukkas, Malabar Gold & Diamonds, and Kalyan Jewellers reported varying rates for 22k gold, with some showing a slight increase from the previous day.
SIP for 10 years? Study shows why long-term investors almost never lose money
Smallcap IPOs dominated MF portfolios in March quarter. Which stocks made the top 10?
Mutual funds significantly increased their investments in smallcap IPOs during the March quarter, with a focus on newly listed companies. Amagi Media Labs and Fractal Analytics emerged as top holdings, followed by Sedemac Mechatronics and Shadowfax Technologies.
Indian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back to Indian rupees. The tax treatment depends on whether the gain is considered income. Foreign currency held for investment is a capital asset. Tax arises only upon actual conversion. Reporting foreign assets in ITR is mandatory.
8th Pay Commission salary hike: When can central employees get revised pay and arrears?
Not only did Shelby advised people to bet for the long run, but his firm also lived by the idea, thereby giving rise to the term - Davis Dozen. The legendary investor for a core portfolio of about a dozen big long-term winning stocks which he continued to hold for decades.
Insurance premium financing gaining traction after GST waiver: BimaPay CEO Hanut Mehta
The companys premium disbursements are expected to reach 2,500 cr in FY27 from 1,200 cr in FY26
Own assets in India and England? Why experts say you should make two separate Wills immediately
Individuals with assets in both India and England are advised to create separate Wills to ensure proper distribution and avoid legal challenges. English law has strict requirements for Will validity, including written format, testator's signature, and proper witnessing. Seeking professional advice is crucial to prevent errors and potential invalidation of Wills.
Homebuyers in Amritsar received partial victory from Punjab RERA regarding delayed possession. The authority ordered the builder to pay interest for the delay. However, the homebuyers' claim for an extra Rs 75 lakh charge was dismissed. RERA emphasized that buyers must carefully read agreements, as the principle of 'Caveat Emptor' applies. The builder-buyer agreement's terms were deemed binding.
Top 4 debt mutual fund managers oversee over Rs 1 lakh crore AUM in March quarter.Check details
As of the March 2026 quarter, four leading debt mutual fund managers oversee at least Rs 1 lakh crore in assets under management. Kaustubh Gupta of Aditya Birla Sun Life leads with Rs 1.61 lakh crore, followed by Manish Banthia of ICICI Prudential at Rs 1.45 lakh crore.
FinMin to meet chiefs of PSU banks on Friday to review credit flow to agri, MSME sectors
Public sector banks (PSBs) have recorded an all-time high net profit of 1.98 lakh crore in 2025-26, marking the fourth straight year of profitability
Parag Parikh Flexi Cap Fund marks 13 years with impressive growth. A Rs 10,000 SIP since inception turned into Rs 51 lakh. The fund prioritizes value, quality management, and global diversification. Its consistent strategy has made it India's largest active fund. Investors benefit from its disciplined approach across market cycles.
Rupee Cost Averaging: 7 ways a fixed monthly SIP turns market crashes into opportunities
Living below your means: The boring habit that quietly turns average earners into crorepatis
A woman has won her share in a joint property after a 15-year legal battle. Her husband had willed his half to another man. The Supreme Court affirmed her 50% entitlement. As physical partition was impossible, the court ordered the property's auction. Proceeds will be distributed according to ownership shares.
Bank holiday today: Banks in several Indian states are closed today, May 28, 2026, in observance of Bakri ID (Id-Uz-Zuha). While branch services are unavailable in affected regions, digital banking remains accessible. The holiday is observed as per the RBI's state-wise calendar, with exceptions in Odisha, Sikkim, Assam, and Arunachal Pradesh.
Joint vs mutual Will: What Indian couples should know before planning the succession of their estate
Joint and mutual Wills, while legally recognized in India, present significant complexities and potential for disputes. Experts highlight that these structures, unlike separate Wills, can lead to inflexibility and inheritance complications, especially with changing family dynamics and asset ownership. Choosing the right estate planning structure is crucial to avoid future litigation.
Q4 Results Highlights Today Live Updates: Stay tuned to businessline for the latest live updates on Q4 earnings.
Three-year cooling-off period for UCB Directors may set in motion a game of musical chairs
Loopholes could enable directors to retain indirect control over UCB boards, say experts
Annapurna Yojana launched: Who will get Rs 3,000 monthly financial assistance from June 1, 2026
West Bengal's Annapurna Yojana, effective June 1, 2026, will provide Rs 3,000 monthly financial aid to eligible women aged 25-60. This scheme replaces Lakshmir Bhandar for most beneficiaries, with an online application process opening on the same date. The initiative aims to offer assured financial support directly to women's bank accounts.
Kerala Financial Corp post 111 crore PAT; loan portfolio crosses 9,000 crore
Growth was driven by higher lending activity and better asset management
Gold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Iran deal. Experts advise investors to avoid panic selling and instead hold or accumulate gold in phases during dips. Financial gold options like ETFs and mutual funds are preferred. Analysts recommend allocating 10-15% of portfolios to gold and expect prices to remain strong through 2026.
Looking where to invest lumpsum for 3 years? These 5 mutual funds lead with 30% gains
Gold-based mutual funds and value index schemes emerged among the best-performing lumpsum investments over three years, delivering up to 36% CAGR and significantly outperforming many equity, debt, and passive funds.
See significant opportunities for building granular, stable, and low-cost deposit base: SBI Chief
The SBI Chief emphasised that going forward, SBIs strategic priorities will remain firmly centred around strengthening the Digital First, Customer First approach
Gold prices saw a dip today. Investors are watching US-Iran peace talks and inflation trends closely. Jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates for 22k gold.
PAN rules 2026: 8 transactions where PAN is no longer needed and cases where its mandatory
10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more
Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates from banks as of May 25, 2026.
Six equity mutual funds have achieved over 20% CAGR across three, five, and seven-year periods, with all originating from midcap and smallcap categories. Nippon India Mutual Fund led with two funds, while Edelweiss, HDFC, Invesco, and Quant each had one fund on this exclusive list.
Eight midcap stocks, including Indian Overseas Bank, RVNL, and Adani Total Gas, were avoided by mutual funds in March 2026, with Ventura largely calling decisions prudent except for MCX.
The 8th Central Pay Commission is set to visit Bhubaneswar on July 6 and 7, 2026. Central government organizations and unions can request appointments by May 31, 2026.
Flexi Cap Funds explained | A NAVIgator initiative
ITR-2 online filing and excel utility for A.Y. 202627 are now enabled on the e-Filing ITR portal
Individuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can file ITR-2 for AY 2026-27 by July 31, 2026. Key errors to avoid include misclassifying capital gains, neglecting foreign asset disclosures, and incorrect residential status determination.
If AI wipes out jobs, who will buy all the products? The economic risk nobody is talking about
Inherited property via Will? Do you need mutation in your name - heres what law says
Inheriting property via Will? While mutation records update who pays taxes, they don't transfer ownership. Courts permit mutation for heirs but clarify it's not proof of ownership. Legal heirs become co-owners and cannot evict others without a court order or formal partition. Long possession alone doesn't grant ownership; adverse possession requires strict proof.
New central government rules under the Labour Code offer significant benefits to employees facing job loss due to business reasons. These workers are now entitled to retrenchment compensation amounting to fifteen days' average pay for each year of service. Additionally, employers must contribute to a re-skilling fund, providing a further financial cushion for affected individuals.
Bank holiday today: Banks across numerous Indian states will be closed today, Wednesday, May 27, 2026, for the Eid-ul-Adha festival. This holiday, also known as Bakrid or Id-ul-Zuha, affects banking operations in specific regions.
Rising yields put pressure on gilt funds, experts recommend tactical approach
Gilt funds invest in government securities. These funds are sensitive to interest rate changes. Rising yields have recently led to weak returns for gilt funds. Investors should consider gilt funds when bond yields are high. These funds are not ideal for those seeking stable returns or high liquidity. Understanding interest rate cycles is key for gilt fund investors.
Why new IRDAI norms are making an insurance CEOs job tougher
The rules also mandate public disclosure of key business indicators, raising concerns over competitiveness and operational complexity.
USD/INR swap auction: Participants place bids for twice the $5 b notified amt
The swap auction was conducted to bolster the RBIs ability to intervene in the forex market
The IRDAI (Corporate Governance for Insurers) Regulations, 2024 have also been amended
In a significant policyholder-centric move, IRDAI has linked insurance executive pay to customer-centric metrics like claim settlement and grievance redressal. Insurers must now publicly disclose detailed data on claim timelines, complaint handling, and product performance, empowering policyholders to make informed decisions beyond just premiums.
Pune Police have clarified that no 14-day curfew is being imposed in the city. Social media rumours about a curfew starting May 26, 2026, are false. Banks will operate as usual and are not affected by any curfew. Bank holidays are determined by the Reserve Bank of India. Customers should consult the RBI holiday calendar for specific dates.
Is RBI running any donation or lottery compensation scheme? Check details
A fake email claiming to be from the Reserve Bank of India is circulating. It asks people to pay a credit fee for a 'Donation Program 2026' or to receive lottery compensation. The PIB Fact Check team has confirmed this is a phishing attempt. Citizens are warned not to share personal or financial details.
RBIs $5 billion FX swap subscribed nearly twice over
The central bank accepted 141 bids at the FX swap auction, with the premium cut-off set at 9.10
Digital bank Slice swings to profit in Q4, reports 20 crore PAT
The bank reported a net profit of 48.4 crore, compared with a net loss of 216 crore in FY24-25
These 5 small cap mutual funds deliver over 20% annualised returns in 3 years. Do you own any?
Five small cap mutual funds delivered over 20% annualised returns in the last three years, led by Bandhan Small Cap at 29.1%. Passive small cap index funds also posted strong gains, while several popular active small cap schemes remained laggards with single-digit returns.
What is Retirement Income Scheme in NPS; how do SPR and SUR work?
Under National Pension System's (NPS) Retirement Income Schemes (RIS), subscribers can choose periodic payouts till age 85 via Systematic Payout Rate or Systematic Unit Redemption. The scheme aims to balance regular income, market-linked returns, and corpus longevity through a structured glide path.
Gold rate today: Gold prices saw a dip on May 26, 2026, as diplomatic talks between the US and Iran over the Strait of Hormuz offered hopes for a peace agreement. This followed recent US-Iran strikes, influencing market sentiment.
Who are Indias biggest mutual fund managers? Check the top 10 names
ICICI Prudential Mutual Funds Sankaran Naren emerged as the top mutual fund manager by assets under management in the March 2026 quarter, overseeing Rs 1.59 lakh crore. The list of top fund managers managing over Rs 1 lakh crore AUM also included Rajeev Thakkar, Chirag Setalvad, Amit Ganatra, Shreyash Devalkar, and Sailesh Raj Bhan.
RBI, rating firms assess Iran war risks on Indian companies
The Reserve Bank of India is proactively assessing potential borrower stress due to the US-Iran conflict, engaging with local credit rating agencies. Discussions focused on evaluating ground conditions and the need for temporary regulatory relief to safeguard creditworthiness. Authorities aim to prevent economic growth from being hampered by any emerging financial strain.
Cash logistics industry faces 15-20% cost surge amid rising expenses
CCA cautioned that its underlying cost base is rising materially due to rising fuel costs and minimum wage revision in several states
The Indian Railway Technical Supervisors' Association has proposed a significant change for the 8th Pay Commission. Instead of a single fitment factor, IRTSA suggests multiple multipliers for different employee levels. This aims to create a more balanced salary structure. The association also seeks a new cadre structure and enhanced career progression for technical supervisors.
Bitcoin volatility hits 9-month low as crypto takes breather
The decline comes as Bitcoin struggles to break above $80,000, trading around $77,000 today and still down nearly 40 per cent from its record high above $126,000 set in October
Explained: What are REITs and how do they work? Heres what investors should know
Investors can now gain real estate exposure through REITs, an alternative to direct property purchase. These trusts pool funds to invest in income-generating properties like offices and malls. REITs offer potential returns between fixed deposits and equities, with yields ranging from 6% to 9%. They distribute a significant portion of rental income to unit holders, providing periodic payouts.
New Labour Code: These contract workers may get minimum 2% annual salary hike; check if you qualify
Mutual funds reduced their exposure to private banks for the second consecutive month in April, driven by tactical rotation and near-term earnings and margin concerns. Experts suggest this is a short-term adjustment rather than a structural shift, with banking sector funds experiencing recent declines but offering long-term accumulation opportunities.
Drowning in payday loans? 7 steps that actually stop the cycle
Switched jobs this year? Make sure your new employer is not under-deducting your TDS
