27 C 
The government is planning a new pension scheme under the EPFO 3.0 framework. This new plan aims to provide retirement benefits to workers in both formal and unorganised sectors. Members will build a retirement corpus through regular contributions invested in government-backed assets.
HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to nineteen times their initial deposit amount. The potential for amplified returns arises from the spread between deposit earnings and borrowing costs. However, this leverage strategy carries risks if borrowing costs exceed deposit interest rates. FCNR(B) deposits also offer protection against Indian Rupee depreciation for investors.
Indian Overseas Bank Q1 profit surges 49% to 1,659 cr
Total income rose to 10,938 crore during the April-June period from 8,866.47 crore a year earlier, the bank said in a stock exchange filing
IL&FS Group repays 50,387-crore debt by June 2026, achieves 82.6% of resolution target
IL&FS trimming debt through asset resolution, interim distribution, including cash & InviT units, among others
New-to-credit borrowers now opting for personal loans, especially the phone financing category, says the TransUnion CIBIL head
Gold rate: Gold rates remained largely steady across major Indian jewelry brands today. Find the latest 24k, 22k, 20k, 18k and 14k gold and 999-purity silver jewellery indicative rates provided by the India Bullion and Jewellers Association (IBJA) today.
EPF interest rate: 8.25% interest credited? Here's how to check your PF balance
ITR filing 2026: Step-by-step guide to filing ITR-1 for AY 2026-27 before the July 31 deadline
Students, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, 2026. This simplified form is for resident individuals with income up to fifty lakh rupees. It covers income from salary, one house property, and other specified sources. Taxpayers must log in to the e-filing portal and follow the guided steps.
The Latest Fixed Deposit Interest Rates: Jul 20, 2026
The Latest Fixed Deposit Interest Rates: Jul 20, 2026
The Latest Home Loan Interest Rates: Jul 20, 2026
The Latest Home Loan Interest Rates: Jul 20, 2026
Anicut Capital kicks off 3,000 crore fundraise across four new funds
Speaking to businessline, IAS Balamurugan, Managing Partner & Co-founder of Anicut Capital said, among the news funds three are equity-focused while one is a private credit fund
7 big income tax changes for 2026-27 that may reduce penalties for small mistakes
New income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from October 2024. Prosecution provisions are softened with reduced jail terms and graded punishments. Several penalties are converted into fixed fees to reduce litigation and bring certainty. Penalty proceedings will merge with assessment proceedings from April 2026.
Bitcoin ETFs log second week of inflows, breaking two-month rout
The reversal, combined with flows into ETFs tied to Ether, the second-largest cryptocurrency, could signal positive sentiment returning to the market
Taxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individuals and HUFs with income up to fifty lakh rupees. However, certain conditions like foreign income or losses necessitate filing ITR-3. Essential documents include PAN, Aadhaar, bank details, and tax payment proofs. Ensuring an active PAN and validated bank account is crucial for filing.
Under the new labour code, employers must pay salaries by the seventh day of the following month. Daily wage workers must be paid at the end of each workday. Employees who leave a job are entitled to receive their final dues within two working days. The code applies to all employees, regardless of salary, and introduces the role of an inspector-cum-facilitator to help resolve wage-related complaints and claims.
Wedge between deposit growth and credit growth may continue with geo-political risks: SBI Research
The ERDs report noted that banking system has experienced persistent and rapid expansion in bank credit with a growth of 18.6% for the fortnight ended 30 June 2026
Largecap mutual funds' cash holdings fell to a one-year low of 2.2% in June, reflecting higher equity deployment and fund managers' confidence in select opportunities. Experts caution this is not a buy signal, advising investors to continue SIPs and focus on long-term goals, as lower cash may increase volatility during market corrections.
Q1 Results Today, 20th July 2026 Live Updates:
IDBI Bank divestment unjust to SC/ST/OBC staff cause: Former Secretary EAS Sarma
I hope that good sense will prevail on the Finance Ministry, and the government will drop the proposal once for all, says former secretary to government
The Delhi High Court has canceled a government tender for passport and visa services abroad. This decision came after losing bidders argued the selection process lacked fairness. Authorities must now seek fresh bids for services in four countries. Passport and visa services in Australia have already been suspended due to this dispute. The government has appealed the High Court's ruling to the Supreme Court.
Portfolio allocation: Defensives lead in 2026
The ideal mix depends on each investors financial goals, risk appetite and time horizon, making asset allocation unique to every individual. In this weeks TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable return boost in recent years. By Sameer Bhardwaj.
India or US: Where should NRIs buy property?
It is relatively easier to reliably buy or sell property in the United States, compared to the process in India, which can be fraught with delays and in some cases instances of fraud and malpractice. The liabilities and penalties for such instances are clearly stated and implementable in the US.
ITR filing: Crypto taxation and reporting rules
India's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percent TDS. Specific provisions govern the taxation of cryptocurrencies and non-fungible tokens. Airdrops and staking rewards are taxed as income upon receipt. Non-disclosure of overseas holdings can invite severe penalties and prosecution.
ITR filing: Capital gains reporting mistakes to avoid
Report even exempt equity gains under Section 112A, and file losses on time to carry them forward.
EPF Scheme 2026: New PF rules you must know
Key features such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceilingremain unchanged, but the formalisation of revised provisions will trigger new operational obligations.
Should NRIs buy insurance plans from GIFT City?
Global exposure, including oil & gold ETFs, and hedge against rupee depreciation are key draws of GIFT City ULIPs; but the market is nascent and experts caution against mixing insurance with investments.
Can hybrid SIFs bridge the risk-return gap?
Hybrid long-short funds rival debt, arbitrage and hybrid funds, but look beyond the label.
NSE IPO: Was buying its unlisted shares worth it?
As NSE and Jio Platforms head for blockbuster IPOs, ET Wealth speaks to five early investors. Their journeys reveal the rewardsand the risks.
PNB hopeful of achieving net interest margin, FCNR (B) targets
Know Your Fund Manager | Satish Donadapati, Fund Manager, ETF, Kotak AMC
In this edition of Know Your Fund Manager, Satish Donadapati, Fund Manager ETF at Kotak AMC, shares his journey from an Army upbringing to managing passive funds. He discusses his career path, transition into portfolio management, and current responsibility of overseeing 19 ETFs and 23 Index Funds with a combined AUM of Rs 20,440 crore, while highlighting his investing philosophy.
RBL Bank among 5 smallcap stocks bought by mutual funds in June. Check details
Mutual funds bought select small-cap stocks in June, with Acme Solar Holdings, Craftsman Automation, Pine Labs, Sterlite Technologies and RBL Bank among the top picks, according to Dolat Capital.
ICICI Prudential AMC among top 5 midcap stocks with highest MF selling in June
Patanjali Foods, ICICI Prudential AMC, IREDA, NMDC and Oil India saw the highest net selling by mutual funds among midcap stocks in June, according to a Motilal Oswal Financial Services report.
IDBI Bank sale move faces call for review on governance, sovereignty grounds
Proposal raises concerns of constitutional governance, economic sovereignty, parliamentary accountability and long-term national interest, says officers and employees union
Mutual Fund NFOs: 5 new funds open for subscription this week. Check dates, details
SBI Mutual Fund among 6 AMCs with over Rs 7,000 crore AUM jump in June. Check details
Six AMCs saw their AUM rise by over Rs 7,000 crore in June, according to ACE MF data. SBI Mutual Fund led the pack with an increase of Rs 14,192 crore, followed by Aditya Birla Sun Life, HDFC, Invesco, Nippon India and HSBC Mutual Fund.
Mutual funds made a complete exit from 25 stocks in June. Check top 5
Mutual funds completely exited nearly 25 stocks in June, according to Prime Database. Rossell Techsys saw the largest sell-off at Rs 94.34 crore, followed by Wim Plast, Paramount Communications, GOCL Corporation and Veranda Learning Solutions.
HDFC Bank Q1 profit up 5%; CEO signals growth push says bank is on the cusp of pressing the pedal
The banks net profit rose by about 10% this quarter after adjusting last years profit for HDB Financial Services IPO gains, provisions, and tax credits
ICICI Bank posts 16 per cent growth in Q1 profit at 14,805 crore; NIM remains stable
Indias second largest private sector bank had recorded a net profit of Rs 12,768 crore in the year ago period
Lower provisioning and recoveries boost Axis, Kotak and IDBI profit in Q1; YES Bank bucks the trend
Lower provisioning and strong recoveries helped Axis Bank, Kotak Mahindra Bank and IDBI Bank post healthy profit growth in the June quarter, while YES Bank delivered a strong performance driven by the strength of its core earnings engine
Kotak Mahindra Bank posts 26% rise in Q1 net profit
NIM narrows to 4.53% even as advances, deposits and fee income post healthy growth
Punjab & Sind Bank registers over 23% rise in Q1 net profit
Net profit increased to 331 crore in the April-June quarter, up from 269 crore
Axis Bank Q1 net profit rises 23% on strong margins, asset quality improves
Total income rose 6% to 40,721 crore from 38,322 crore last year; Net Interest Income increased 8% to 14,646 crore, with a Net Interest Margin of 3.46%
HDFC Bank profit rises 5% to 19,060 crore in Q1
However, the total income of the bank in the quarter under review dropped to 92,184 crore from 99,200 crore in the same period a year ago
YES Bank jumps 34%; asset quality improves, loan growth remains strong
The private lenders net interest income, which is the difference between interest earned and interest expenses, increased to 17% to 2,786 crore from 2,371.47 crore a year ago
Employee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and gives him relief from tax. Know how this empoyee won the case in ITAT Pune.
HDFC Bank, RIL, and Eternal among top 10 stock holdings of HDFC Mutual Fund in June
HDFC Mutual Fund held top positions in ICICI Bank, HDFC Bank, Axis Bank, RIL and Eternal in June. Check the fund houses top 10 stock holdings and portfolio changes.
Kotak Mahindra Bank Q1 profit up 22.6% to 5,480.46 crore
On a standalone basis, net profit of the bank stood at 4,122.96 crore in the June 2026 quarter, as compared to 3,281.68 crore in the year-ago period
Lenskart and Meesho among 5 midcap stocks bought by mutual funds in June
Mutual funds bought five midcap stocks, including Lenskart, Meesho, JSW Infrastructure, NHPC and Ajanta Pharma, in June. These stocks witnessed net purchases worth over Rs 10,000 crore during the month.
7 mutual funds reduced allocation in 21 smallcap stocks in June. Check details
Seven mutual funds, including SBI, HDFC, Kotak and Quant Mutual Fund, trimmed holdings in 21 small-cap stocks in June. Check the complete list of stocks where fund houses reduced exposure.
Punjab National Bank Q1 net profit surges over three-fold to 5,200 crore
Asset quality improves as retail, MSME and agriculture lending gains momentum
Axis Greater China Equity FoF among 8 equity mutual funds that saw over Rs 220 crore outflow in June
Eight equity mutual funds, including Axis Greater China Equity FoF, Motilal Oswal Nasdaq 100 FOF and ICICI Pru Technology Fund, witnessed outflows exceeding Rs 220 crore in June
Property sellers may need to re-compute advance tax after the Cost Inflation Index release. This delay impacts individuals selling property acquired before July 23, 2024. Advance tax payments for the first quarter were due before the index was notified. Underestimating tax liability could lead to interest charges for deferred payments. Taxpayers can adjust subsequent installments or claim refunds if overpaid.
Indian banks seen poised for strong FY27 on robust credit growth and healthy asset quality
Strong loan demand, improving deposits and policy support expected to drive earnings
Samir Arora-backed Helios Mid Cap Fund adds Groww, 4 more stocks; hikes stake in Paytm and 29 others
Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged.
A recent ruling clarifies children's birthright in inherited property. Mitakshara Hindu law states self-acquired property does not grant automatic birthrights. The source of the father's title determines if property is ancestral or self-acquired. Children can still inherit self-acquired property through succession laws or a Will. This ruling impacts claims based solely on birthright in such cases.
Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party documents are not enough and the important rights every property buyer should know.
Sebi clears standing instructions for SWP, STP in demat-held MFs
Sebi now permits demat mutual fund investors to set up standing instructions for systematic plans. This facility, previously for statement of account holders, will be phased in. Unit-based SWPs and STPs will be covered by January 2027. Amount-based plans will follow by April 2027. Amfi also simplified mutual fund unit transmission procedures after a unit holder's death.
Gold rate today: Gold prices remained a key focus for consumers on Saturday, July 18, 2026. The India Bullion and Jewellers Association provided indicative rates for various gold and silver purities.
UPI MDR may return for large merchants: What it means for your digital payments
India's government is considering a small Merchant Discount Rate for large UPI retailers. This potential change aims to create a sustainable revenue model for payment providers. Large merchants with significant annual turnover would face this minor transaction fee. Peer-to-peer and small merchant transactions will remain free of any charges.
Bank holiday today: Customers who had planned to visit their local bank branch for banking services such as cash deposits, cheque clearances, demand drafts or updating passbooks are left wondering if they should go to complete their tasks today.s.
Financial planning for retirement: Early retirement necessitates careful financial planning for extended periods. A Rs 1 crore corpus may prove insufficient for early retirees in India. Experts suggest a diversified investment strategy for long-term financial security. This approach balances regular income with growth to combat inflation. Strategic asset allocation and disciplined withdrawals are crucial for sustainable retirement.
RBL Bank to leverage Emirates NBD network for NRI deposits, trade finance
Lender has already mobilised $150 million under FCNR(B) scheme; expects margins to improve from Q2
Central Banks Q1FY27 net profit up 13% at 1,324 cr
The public sector bank had reported a net profit of Rs1,169 crore in the year ago quarter
RBI moves closer to polymer banknotes
Central banks subsidiary floats EoI for manufacture, supply of sheet for plastic currency
Federal Bank logs 36.50% increase in Q1 FY27 net profit at 1,177 crore
The Banks board on Friday approved raising of funds in Indian currency or any other permitted foreign currency by way of issue of debt instruments up to 10,000 crore on a private placement basis
Muthoot MCred ties up with South Indian Bank to expand affordable housing finance
Under the partnership, SIBs Affordable Housing Loans will be made available through select Muthoot MCred branches across various locations
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Home Loan Interest Rates: Jul 03, 2026
Sebi introduces standing instructions for SWP, STP in mutual funds in demat holdings
Sebi has allowed SWP and STP standing instructions for mutual fund units held in demat form, simplifying investing. The rollout will occur in two phases, with unit-based transactions by January 2027 and amount-based transactions by April 2027 through depositories.
Banking services must reach every village: Sitharaman
The FM and AP Chief Minister distribute 3,216 crore in loans to over 1.03 lakh beneficiaries in Palnadu, AP
Is RBI asking people to pay Rs 7,500 in tax to get Rs 1 lakh payment? Heres the truth
A fake Reserve Bank of India letter is misleading people about pending payments. It falsely claims a Rs 1 lakh payment is on hold due to transaction failure. Recipients are asked to pay Rs 7,500 as a refundable tax to release funds. The Press Information Bureau's Fact Check unit has flagged this letter as fake. The public is urged not to fall for such fraudulent schemes.
Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua FoF accepting new investments after multiple fund houses halted inflows due to SEBIs overseas investment limits. Investors are exploring LRS, GIFT City and global ETFs as alternatives.
AMFI simplifies mutual fund transmission process to make claim settlement easier for nominees
AMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider address and name mismatches for smoother claims. Asset Management Companies will now rely on updated address details supported by documentation. A harmonized framework for name and signature discrepancies is also introduced. These updated guidelines are effective immediately for all member AMCs.
SBI, ICICI Prudential among 6 mutual funds to add 13 new smallcap stocks in June
Where are mutual funds placing their bets? A look at Junes sectoral trends
Mutual funds increased exposure to private banks, healthcare, NBFCs, automobiles and real estate in June, while trimming allocations to technology, oil & gas and utilities, according to a Motilal Oswal report.
RBI fixes underwriting commission rates for 32,000 crore government securities auction
For the 6.03% Government Security 2029, which has a notified amount of 11,000 crore, the RBI fixed the underwriting commission cut-off rate at 0.44 paise per 100
Central Bank of India Q1 results: Profit jumps 13% to 1,324 cr
Total income rises to 10,678 crore during the June 2026 quarter from 10,360 crore in the same period of FY26
Automatic EPF transfer on switching job: Who can access this facility and who will be left out?
The new EPF reforms introduce automatic fund transfers when changing jobs. This facility requires an Aadhaar-linked and KYC-compliant Universal Account Number for members. Employees in private and exempted EPF organizations will not receive this automatic transfer. Members can check their previous work history on the EPFO portal for verification. Several digital reforms aim to simplify claims and improve member services.
Universally known as the Father of Indexing, Bogle had introduced the first indexed fund for individual investors in 1976. So, when it comes to compounding, it wont be wrong to assume that Bogle knew what he was talking about when he said that investors also need to know a crucial detail beyond the magic of compounding.
PSBs expect to raise $30 bn from RBIs overseas deposit scheme, sources say
RBI had announced a zero-cost foreign-exchange swap facility for deposits raised from non-resident Indians on June 5
Gold rate today: Gold prices saw a slight decrease on Friday, July 17, 2026. Here's a look at the latest 22-carat and 24-carat gold rates across leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers today.
IDBI Bank privatisation: Officers, staff to go on nationwide strike on July 27
The move has caused deep concern among employees with respect to job and social security benefits, including pension, the forum says
Indias FCNR scheme has potential to attract $70-80 billion from NRIs
The RBI has allowed banks to offer higher interest rates on FCNR deposits until September 30, aiming to boost forex reserves, support the rupee and attract larger foreign currency inflows from NRIs
Despite court order husband did not pay maintenance to wife; she files case to stop his pension on this ground but loses case in Madras HC for this reason. Keep reading to know why the wife lost the case in Madras High Court.
Unity Small Finance Bank has revised its fixed deposit interest rates. Senior citizens can now earn up to 8.50% on a 501-day fixed deposit. Regular customers will receive 8.00% interest on the same tenure. The bank also offers 7% interest on savings accounts for larger deposits. A 1.00% penalty applies for premature fixed deposit withdrawals.
Old Pension Scheme: These government employees can now opt for OPSwill more get the same benefit?
When Mr Rawat from Doonga Bazaar, Kangra, Himachal Pradesh came to Noida, Uttar Pradesh to study B.Tech at IILM University, Greater Noida, for the first semester on August 17, 2023, he booked a hostel in Knowledge Park-III. Within one week of his stay, Rawat faced severe deficiencies. The food provided was sub-standard, maintenance was neglected and the promised Wi-Fi facility/password was never shared.
Bank earnings ahead: What to look out for amid margin boost hopes, leadership changes?
Foreign currency deposits from non-residents should improve liquidity after the RBI said it would bear the cost of currency hedging, says Nomura
