21 C 
Fairfax to engage Parekh, Sukthankar to advise it on IDBI Bank acquisition
Following the consummation of the proposedacquisition, the Prem Watsa-founded Fairfax expects that the operations of the new company would continue to be led by Rakesh Sharma, the current MD and CEO of IDBI Bank
RBI okays Scheme of Amalgamation of Indian branches of Emirates NBD with RBL Bank
All the Indian branches of Emirates NBD will function as branches of RBL Bank Limited with effect from December 01, 2026
PNBs net profit rises 13% in Q2; plans to launch special campaign for RD amid bearish stock mkt
The banks gross non-performing assets (NPAs) moderated to 2.55 per cent of gross advances at the end of September 2026, down from 3.45 per cent a year ago
Federal Bank logs highest ever net profit at 1,386 crore in Q2FY27
NIM rose 26 per cent y-o-y to 3,153 crore
Rupeeflo bets on GIFT City, targets 30% revenue share as Bengaluru-based fintech eyes payments play
Founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe, Rupeeflo began operations in December that year
India's forex reserves fall for fifth straight week to $726 billion: RBI
Rupee's gains continue, reaching over a one-month high
SBI ups marginal cost of funds-based lending rates by 15 basis points across five tenors
The hike in MCLRs comes in the wake of the RBIs rate setting panel increasing the repo rate by 25 basis points from 5.25 per cent to 5.50 per cent
Yes Banks CET1 ratio to take 250-basis-point hit after AT1 bond ruling
The bank is examining legal options after the ruling, while S&P expects adequate capitalisation despite potential earnings pressure from coupon payments
Higher rates no threat to margins, gold loans to drive growth: L&T Finance
Managing Director and CEO Sudipta Roy and Chief Financial Officer Sachinn Joshi discuss the companys strategy
The Latest Fixed Deposit Interest Rates: Oct 16, 2026
The Latest Fixed Deposit Interest Rates: Oct 16, 2026
The Latest Home Loan Interest Rates: Oct 16, 2026
The Latest Home Loan Interest Rates: Oct 16, 2026
Karur Vysya Bank eyes 1820% credit growth in FY27 on all-round demand
The private sector lender recorded a robust net profit growth of 37.3 per cent y-o-y at 788 crore for the quarter ended September 2026 (Q2FY27)
RBI approves merger of Emirates NBDs India branches with RBL Bank from December 1
The merger follows Emirates NBDs $2.75-billion capital infusion into RBL Bank, completed in June after regulatory approvals and a mandatory open offer.
Home loan borrower alert: SBI, PNB, Bank of India and other banks revise repo-linked lending rates
Canara HSBC Life launches Dollar-denominated ULIP for NRIs via GIFT City on Policybazaar
The product allows policyholders to invest across global equities, precious metals including gold and silver, and debt funds
EPFO WhatsApp channel: Can you access EPF, EPS and EDLI services? How to join
EPFO has introduced a new WhatsApp channel to keep subscribers informed about its schemes and services, attracting around two lakh users so far. The channel provides insights into the Employees Provident Fund, Employees Pension Scheme, and Employees Deposit Linked Insurance.
Global digital payments to double by 2030 as new instruments gain ground
Capgemini's World Payments Report 2027 says non-cash transactions have grown nearly fivefold over the past decade, with instant payments, e-money and digital currencies reshaping global commerce
Can a Rs 10,000 monthly SIP build a Rs 2 crore corpus? Check how long it may take
A Rs 10,000 monthly mutual fund SIP could build a Rs 2 crore corpus in 25 years and six months at 12% annual returns. Increasing contributions annually by 5% or 10% could shorten the timeline to 22 years and nine months or 20 years and one month, respectively.
Motilal Oswal Mutual Fund: Kalyan Jewellers, MCX, Paytm among top 10 stock holdings in September
Motilal Oswal Mutual Fund held an AUM of Rs 1.70 lakh crore across 93 funds as of September 30, 2026. According to a report by Motilal Oswal Financial Services, One 97 Communications, Eternal, Kalyan Jewellers, MCX, and Sterlite Technologies featured among the fund house's top 10 equity portfolio holdings.
Sunil Singhania-founded Abakkus Flexi Cap Fund increased holdings in Reliance Industries, HDFC Bank, Groww and 32 other stocks in September. The fund also added Zydus Lifesciences, exited Cyient DLM and trimmed stakes in two stocks.
Cognizant India CMD Rajesh Varrier joins Federal Banks Board of Directors
A tech industry veteran,Varrier has previously served as the EVP, Head of Global Services at Infosys Americas as well as Global Head of Infosys Digital and Microsoft businesses and the CIO and Digital Officer for Aditya Birla Sun Life Insurance.
Govt raises disability pension to Rs 375, removes age limit: Who qualifies
Revised rules lower disability threshold from 80% to 40%, allowing more people to qualify for monthly assistance under the revamped scheme
Vedanta Power and Cupid among top 5 smallcap stocks that saw highest mutual fund buying in September
Five smallcap stocks saw the highest net buying by mutual funds in September, according to Motilal Oswal Financial Services. Cupid led the list, with a 337.7% month-on-month rise in value change, followed by Bharat Coking, Vedanta Power, Godawari Power and Natco Pharma.
ICICI Bank Q2 Results Preview: PAT, NII may rise up to 21% YoY; margins, deposit growth in focus
ICICI Bank is expected to report 15.8-18% year-on-year growth in net interest income and 15-21% growth in profit after tax in Q2FY27, according to brokerage estimates. Investors will track net interest margins, loan and deposit growth, operating profitability and asset quality, with margin pressure and provisioning trends remaining key monitorables.
Federal Bank posts record 1,386 crore quarterly profit, NPA hits decade low
Net Interest Income rose 26.38% year-on-year to 3,153.40 crore, outpacing advances growth of 21.66%
Gold prices at various leading jewellery outlets showed no fluctuation on October 16, 2026, staying steady compared to the previous day. Nevertheless, indicative prices for gold and silver jewellery surged according to the India Bullion and Jewellers Association.
As SBI home loan rates rise, how you can save more
Mutual funds bar fresh investments in Gold ETF FoFs. What are the rules for existing SIP investors?
Seventeen mutual fund houses have temporarily restricted fresh investments in specified gold exchange-traded fund-of-funds (FoFs), including lumpsum contributions, new SIPs and switch-ins. Existing SIPs and redemptions generally remain permitted, subject to scheme-specific conditions.
Indias IPO league table: How the largest listings opened
Jio Platforms is set to launch its IPO bidding on October 21, offering 27 crore shares without any offer for sale. The price band is set between 1,065 and 1,119 per share, targeting a total of 30,213 crore. Following recent IPOs like Hyundai and LIC, which struggled below their original prices, market sentiment is now emphasizing profitability. Analysts will closely monitor Jio's listing amid this competitive landscape.
A man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings after he filed an income tax return. However, the ITAT Jaipur found technical mistakes in the penalty notice issued by the Assessing Officer. They noted the absence of specified violation under Section 270A(9) in the penalty proceedings. Consequently, the penalty was quashed, providing full relief to the taxpayer.
Banks seek RBI relief, clarity on India's latest rupee-defence measures
Banks urge RBI to replace 20% cash deposit for hedges with flat fee; seek higher minimum deposits amid rupee volatility
Delhi property tax waiver extended to Dec 31: Claim process explained
Under SUNIYO 2.0, pay property tax for six financial years to get a 100% waiver on interest, penalties and older dues.
Fairfax proposes to contributeits interests in Digit, IIFL Capital to IDBI Bank
Fairfax CEO emphasises that combining IDBI Bank, Digit, and IIFL Capital would create an entity that is well-positioned to participate in the continued growth and success of Indian markets
ADB, Japan back AM Greens renewable ammonia plant in Kakinada
The investment includes a $100 million loan from Asias Private Infrastructure Fund 2, financed by the JICA and administered by ADB
Britannia Share Price Live Updates: Britannia's Current Market Position
Jio IPO: Reliances newest listing meets a market its 1977 investors wouldnt recognise
Jio is set to enter a competitive market with its IPO, which marks Reliance's first offering since 2006. The shift from physical share certificates to demat accounts has greatly streamlined investor experiences over the years. Investors will benefit from reforms that include blocked amounts and faster listing times. The proposed IPO will cater to a considerably larger base of individual investors than previous offerings.
Sun Pharma Share Price Live Updates: Sun Pharma's Price Movement Today
LTIMindtree Share Price Live Updates: LTIMindtree Stock Performance Today
Hindalco Share Price Live Updates: Hindalco Stock Details
Kotak Bank Share Price Live Updates: Kotak Bank's Stock Price Movement
ICICI Bank Share Price Live Updates: ICICI Bank's Stock Movement Analysis
NTPC Share Price Live Updates: NTPC's Current Trading Price
Q2 Results Today, 16th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
Tata Motors PV Share Price Live Updates: Tata Motors PV Current Market Status
IndusInd Bank Share Price Live Updates: IndusInd Bank News
Divis Labs Share Price Live Updates: Divis Labs Breaks Through Resistance Level
Asian Paints Share Price Live Updates: Asian Paints Stock Performance Overview
6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything that still needs to be paid even when salary stops. So, where should you put this money and how much should you invest every month to hit the target faster? Moreover, an individual who is single and has no dependents may not need the same amount of emergency fund as someone with a family.
Life insurers first-year premium up 20.6% at 2.46 lakh cr in H1 FY26: IRDAI
The LIC continued to dominate the market, with its first-year premium increasing 19.3 per cent to 1.44 lakh crore during the six-month period
Govt withdraws tax benefit for banks on gold, silver, platinum imports
This is done to ensure parity of taxes imposed on imports of gold and other metals through different routes, Revenue Secretary says
UPI MDR decision likely today; industry expects deferral to January 2027
The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations
UCO Bank Q2 net jumps 26.76% at 785.64 crore, aims at 12-14% credit growth for FY27
Net interest margin on a global basis held at 3.00 per cent compared with 2.90 per cent in the year-ago period
Deposits and advances see robust growth in H1FY27
All scheduled banks reported deposit and advances grew9.93 per cent y-o-y and 11.27 per cent y-o-y
SC upholds Bombay HC order quashing Yes Bank AT-1 write-off
Liability may exceed 13,000 crore; shares plunge 14.43 per cent
Kotak Mutual Fund halts subscriptions in two Yes Bank AT-1 bond schemes after SC order
Kotak Mahindra Mutual Fund suspended subscriptions in two debt schemes holding Yes Bank AT1 bonds after the Supreme Court overturned their Rs 8,415 crore write-off. The fund house is reviewing the judgment to determine its next course of action.
HDFC Life Q2 net up 13.6% at 508 crore, net premium income rises 15.7%
The life insurer had registered a net profit of 447.15 crore for the second quarter of last fiscal year, and its net premium income increased to 21,727.37 crore in Q2FY27 from 18,777 crore in Q2FY26
Pension fund managers in India: A guide to performance and returns
Pension fund managers invest retirement savings across asset classes while balancing risks and future payout obligations. Here is a Policybazaar guide to their performance in India
The second life of gifts: Why Diwali giving need not end at unwrapping
From luxury resale and regifting to charitable auctions and the circular economy, gifts are finding second lives. This Diwali, the question is not just what we give, but what happens to it afterwards
Irdai's proposed distribution reforms aim for orderly transition: Ajay Seth
Irdai chief Ajay Seth says distribution reforms aim to improve efficiency without disrupting existing business models; Public Insurance Registry beta is due by January 2028
Canara Bank expects to beat FY27 growth guidance, sees NIM improving
The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore
No right of first refusal to Fairfax for residual stake sale in IDBI Bank
The decision comes amid open-market alternatives for minority stake sales and follows a Supreme Court ruling on Hindustan Zinc that influenced the ROFR discussion.
Insurance reforms: IRDAI chief says job loss concerns are misplaced
The regulator says proposals to overhaul the insurance sector are intended to improve the system while creating opportunities for businesses and policyholders
What Akash Ambani said Jio tariff hikes ahead of record IPO launch
Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue. Leading mutual funds participated as the company secured strong credit ratings and shares rallied.
Karur Vysya Bank reports 37% growth in Q2FY27 net profit
Net interest margin for Q2FY27 stands at 4.3 per cent as compared to 4.2 per cent for the corresponding quarter of the previous year
Indian Bank reports 15% rise in net profit, NII rises 18%
Total deposits increased by 12.5% YoY and reached 8,74,036 Cr as of September 2026
Karnataka Bank launches nine new banking solutions under Nava Dhamaka 2026
The new offerings span online trading, mobile banking, digital collections, AI-enabled customer outreach and dedicated credit support for startups
Sundaram Finance Ltd increasesdeposit interest rates
The move, which widens the rate gap between regular and senior accounts, aims to attract more funds amid shifting market rates
Wife got Rs 50 lakh permanent alimony and divorce even though she couldnt prove husbands affair with maid; Know how she won case in Patna HC
Eternal SBI Card launched: SBI credit card offers 10% discount and 5% cashback with limits
5 public sector banks post 15-25% credit growth in Q2FY27
Credit demand remained firm across agriculture, industry, services and personal loans, according to the latest RBI sectoral data
Tatkal NPS now available on BHIM app: How to open NPS account in 3 steps
The Tatkal National Pension Scheme (NPS) is now available through the BHIM Payments App for eligible bank customers. This feature simplifies account creation without the need for a physical bank visit.
Parliamentary panel may recommend govt for action on monitoring crypto
The panel is currently preparing its report for submission to the Speaker of the Lok Sabha
RBI committed to remain vigilant of emerging vulnerabilities, keep financial system resilient: Guv
Speaking at the Kautilya Economic Conclave, he outlined five policy priorities, stressing that financial stability should strengthen the systems ability to withstand and contain shocks
ICICI Life Insurance targets 20,000 new women advisors by FY2027 under Narishakti drive
The company currently has over 78,000 women advisors, who constitute around 32% of its total advisor base but contribute approximately 45 per cent of its agency business, as of September 30, 2026
RIL, Eternal, and HDFC Bank among 11 stocks owned by 600+ mutual fund schemes in September
ICICI Bank, HDFC Bank, SBI, Bharti Airtel and Reliance Industries are among 11 stocks held by more than 600 mutual fund schemes in September, according to ACE MF data. Eternal, Infosys, Axis Bank, L&T, Kotak Mahindra Bank and M&M also feature among the most widely held stocks across mutual fund portfolios.
Retired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed for private and government employees in India.
Mutual fund investments in September: Which sectors are gaining the most?
Mutual funds increased exposure to Healthcare, Metals, Private Banks and other sectors in September, while trimming weights in Technology, Automobiles and PSU Banks. Motilal Oswal's report also highlights sector-wise changes in portfolio values and mutual fund ownership relative to the BSE 200.
Indian Bank Q2 net profit rises 15% to 3,462 cr
The banks gross NPAs moderated to 1.61% of gross advances at the end of September 2026 compared to 2.6% a year ago.
After redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai for this reason
294% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.94 lakh
Sovereign Gold Bond: The Reserve Bank of India has announced that the premature redemption price for Sovereign Gold Bonds will be set for October 2026. These bonds can be redeemed five years after their issuance at a fixed price. This redemption value is determined by the average closing gold price from the preceding three days.
Swiggy and Groww among top 5 midcap stocks that saw highest mutual fund buying in September
Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral, and PB Fintech emerged as the top five mid-cap stocks attracting the highest net buying from mutual funds in September, according to a Motilal Oswal report. Swiggy led the inflows with a Rs 6.3 billion value increase during the month.
Mr Anwar believed that the flat would be delivered after disposal of the litigation. However, after waiting for another 3 years, he came to Patna (from USA) in September 2011 and went to the builder with his sister to inquire about the same.Allegedly, one of the directors of the construction company refused to hand over the flat, demanding another Rs 20 lakh for possession, and threatened them.
Gold rate today: Gold prices saw a notable dip across major Indian cities on October 15, 2026, with leading jewelers such as Joyalukkas, Malabar Gold & Diamonds, and Kalyan Jewellers announcing lower rates for 22k gold jewellery.
Fairfaxs 52,878 crore bank deal signals zest for India assets
The interest suggests robust appetite for financial services assets as the population of wealthy citizens expands and earnings of the middle class rise
HDFC Bank shares surge 1.60% to 722 as Q2 results weekend nears
Despite the price gains, selling pressure remained firm, with 66.35% of traded volume on the sell side
Indian mutual funds increased cash holdings to Rs 1.83 lakh crore in September, with cash allocation rising to 3.98% of total assets. SBI, HDFC and PPFAS led in cash reserves, reflecting varied investment strategies and liquidity positions amid market uncertainty and potential opportunities for future equity investments.
