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NPCI arm targets 1 billion monthly transactions over 3-4 years
Currently, the company handles 260 million transactions a month
Tamilnad Mercantile Bank launches loan origination system to speed up loan processing
It will integrate automated checks, digital workflows, appraisal uniformity and internal connectivity, enabling TMB to process and approve loans more efficiently by reducing its Turn Around Time (TAT)
CareEdge Rating expects Banking credit to grow at 11.5%12.5% year-on-year in FY26
Sebi has replaced the B-30 incentive framework with a targeted commission model offering distributors up to Rs 2,000 per new eligible investor from February 2026. The incentive, funded through AMCs investor education allocation, excludes ETFs, FoFs and ultra-short-duration schemes, and aims to curb misuse while expanding retail participation, especially among women investors.
UGRO Capitals AUM could rise to over 16,000 crore in FY26: Founder & MD Shachindra Nath
UGRO Capital aspires to lower off-book loan share to 25-30%
BOBCARD launches Cashback Credit Card: How to activate and maximise everyday rewards
Pensioners must submit their Jeevan Pramaan Patra, a digital life certificate, by November 30, 2025. This biometric-enabled service allows pensioners to avoid physical visits to pension disbursing agencies. The process involves using a smartphone and the Jeevan Pramaan Face App. Checking the status of acceptance by the pension disbursing agency is crucial.
Godrej Capitals women-focused loan initiative Aarohi crosses 1,000 crore mark
Godrej Housing Finance contributed 56 per cent of total bookings, with over 600 crore from Prime Home Loans, while Godrej Finance accounted for 44 per cent, supported by over 220 crore from Prime LAP
New Labour Codes 2025: Full list of benefits for every worker category, check what applies to you
A breakdown of all the benefits introduced under the 2025 Labour Codes, covering FTEs, gig workers, women, youth, MSME employees, and more.
Individual NBP in life insurance may grow 9% in FY26: ICRA
NBP for life insurance sector expected to grow to 1.8 lakh crore in FY26
Paytm arm PPSL gets RBI nod to operate as payment aggregator
NEW DELHI, Nov 27: Fintech firm One97 Communications said its subsidiary, Paytm Payments Services Limited, has received the RBI permit after a long wait to operate as a payment aggregator. The Reserve Bank of India granted in-principle approval to Paytm Payments Services Limited in August to operate as an online payment aggregator. Reserve Bank of India on November 26, 2025, has granted Certificate of Authorization (COA) to Paytm Payments Services Limited (PPSL)to operate as a Payment Aggregator under the [] The post Paytm arm PPSL gets RBI nod to operate as payment aggregator appeared first on Daily Excelsior .
Top 5 multi-asset allocation mutual funds with highest risk-adjusted returns
Father's dream for daughter's marriage: How to build Rs 1 crore corpus
NRI Rajesh Sahni aims to build Rs 1 crore for his daughters marriage while securing long-term wealth for his children. Experts advise consolidating his SIPs into four core funds, increasing contributions to Rs 1.2 lakh monthly, and gradually shifting from equities to balanced and debt funds as the goal nears.
Top 5 equity mutual funds deliver over 30% CAGR on lumpsum investments in 3 years
The top-performing mutual funds for a three-year lumpsum horizon are dominated by value and gold-oriented schemes, all delivering strong compound returns. Despite impressive past performance, investors are advised to base decisions on risk tolerance, investment horizon, and financial goals rather than returns alone, ensuring alignment with long-term objectives and suitability
The UIDAI has deactivated over 2 crore Aadhaar numbers of deceased individuals to ensure database accuracy, sourcing data from RGI and other government bodies. Aadhaar numbers are never re-assigned after deactivation to prevent identity fraud and misuse of welfare benefits. A new service on the myAadhaar portal allows reporting deaths for deactivation.
Why do financial planners recommend flexi-cap mutual funds for investment?
SGB final redemption date: This gold bond has turned Rs 1 lakh investment into Rs 4.29 lakh
The Reserve Bank of India has announced the final redemption price and date for Sovereign Gold Bond (SGB) 2017-18 Series-IX, set for November 27, 2025. The redemption price is fixed at Rs 12,484 per unit, reflecting a significant return of nearly 329% on the initial investment. This scheme offers a secure alternative to physical gold with annual interest.
Inherited property, gold or shares? Heres when youll actually pay tax in India
How much EMI for Rs 20 lakh home loan? Breakdown for 10, 15, 20, 25 and 30-year tenures
Discover monthly EMI calculations for a Rs 20 lakh home loan across different tenures (5-30 years) with current 2025 interest rates starting at 7.35%. Compare rates from top banks, understand tax benefits, and learn smart strategies to reduce your home loan burden.
On November 21, 2025, the landscape of gratuity calculations will transform significantly. Fixed-term employees will newly qualify for gratuity after their first year of employment. The formula for wage calculation will include not just basic pay, but also dearness and retaining allowances, with an important addition of half the total remuneration.
MF Tracker: DSP Midcap Fund turns Rs 10,000/month SIP to Rs 1.37 crore in 19 years
DSP Midcap Fund has delivered significant wealth creation, turning a Rs 10,000 monthly SIP into Rs 1.37 crore over 19 years. While long-term SIP discipline proved effective, recent performance shows underperformance against its benchmark and category. Experts suggest continued SIPs in quality midcap index funds for future wealth accumulation.
SBI conducts Digital Life Certificate camp in Bengalurus St Mark's Road
The DLC system eliminates the need for pensioners to physically visit branches or certification authorities, offering significant relief to senior citizens, especially the aged
Canara Bank raises 3,500 cr in AT1 bonds to strengthen capital base
The issue is scheduled on Friday, the 28th of November, 2025 on the Electronic Bidding platform of NSE
Anticipation builds among central government employees and retirees as they eagerly await the announcements from the 8th Pay Commission regarding salary increases. The fitment factor, an essential determinant reflecting fiscal health and budget allowances, could potentially range from 2.13 to even more under favourable conditions.
The ITAT Ahmedabad has cleared Mr. Sanghvi from tax penalty by declaring it null and void. The penalty was based on allegations of misreporting income due to a mishap with his Section 54F capital gains tax exemption claim. However, the tribunal found that a mere calculation error in Section 54F does not indicate any intention of misreporting.
Motilal Oswal Alternates enters private credit with 3,000 cr fund
The fund expects to generate returns through a combination of regular fixed contracted yields and returns linked to equity performance
CAG sets up Centre of Excellence for Financial Audit in Hyderabad
CoEFA to support auditors, audit institutions and other stakeholders in developing the skills, tools and knowledge required to navigate the increasingly dynamic financial governance environment
The insurance ombudsman will register every complaint within one working day
UPS, Pension, Taxes, LPG Key tasks you must complete before November ends
As November comes to a close, several important government and financial deadlines are set to expire by the month end. Individuals who have not yet completed important tasks must do so by November 30, as many of these options will no longer be available from December 1 onward.
Are zero-forex cards better than prepaid cards for overseas travel?
OCI Card renewal in India: Which documents are required for re-issuance of OCI Card?
Booked a flat for 2030? Here's how to sell mutual funds to claim Section 54F exemption
Section 54F allows a long-term capital gains exemption if the sale proceeds from non-residential assets are fully invested in constructing a new home within three years. Since the Bengaluru flat will be completed in 2030, selling mutual fund or foreign equity holdings around 2027 aligns with the timeline. Careful scheduling ensures eligibility.
Latest EPFO update: EPF passbook updates for Sep-Oct 2025 unavailable due to this reason
EPFO has announced that September-October 2025 wage details are temporarily not visible in EPF passbooks due to a revamped ECR ledger posting. This update is expected to be completed within a couple of days. Members can check their updated contributions via the UAN Member e-Sewa portal or the UMANG app.
I am an NRI, is investing in MFs through NRO and NRE accounts the most tax-efficient way?
ET Wealth Reader's Query: I hold NRO and NRE accounts and invest in mutual funds, is this the most tax-efficient way to manage these investments?
The government took the biggest decision, repealing all 29 laws and implementing just four labor codes. This isn't just a change, but a rebuilding of the labor system. A new framework that makes things easier, clearer, and safer for both workers and industry.
Stablecoins emerge as key players in global payment systems
More incumbents are likely to follow suit to capture the stablecoin opportunity in cross-border payments, reserve and Treasury management: Experts
Fintech tops funding charts in Karnataka despite 40% drop in tech investments: Report
Karnatakas fintech sector records $841 million in funding for the first nine months of 2025, an increase of 38% from $608 million in the corresponding period last year
Top 5 flexi cap mutual funds offer over 25% CAGR in 5 years
Top flexi cap funds have delivered strong five-year returns, with HDFC Focused Fund leading the list, followed closely by HDFC Flexi Cap and ICICI Prudential Focused Fund
JioBlackRock Mutual Fund receives Sebis nod to launch four new active funds
For lumpsum investment, the minimum amount in all these four funds will be Rs 500 and any amount thereafter and for SIP, the minimum amount in all four funds will be Rs 500 and in multiples of Re 1 thereafter.
World Bank approves funding for 2 projects in Punjab, Maharashtra
The projects will benefit more than 6 million people by using innovative digital solutions to improve the quality of education in Punjab state and boost incomes for small and marginal farmers in Maharashtra
Loan against shares offers quick and cheaper funding but what happens when your collateral crashes?
Taking a loan against your share portfolio might seem like easily available money which can be helpful for many investors but what happens when the market tanks and your Rs 10 lakh collateral becomes worth Rs 6 lakh? From margin calls to forced liquidation, here's everything you need to know about pledging shares for loans, and why the type of stocks you pledge matters more than you think.
UIDAI latest document list: UIDAI has revised acceptable documents for identity, address, relationship, and date of birth. These changes cater to all age groups, including children and seniors.
Your Rs 1,000 monthly SIP wont make you Elon Musk or Mukesh Ambani, says Rajeev Thakkar of PPFAS MF
At PPFAS Mutual Funds 2025 unitholders meet, CIO Rajeev Thakkar reminded investors that a Rs 1,000 monthly SIP cannot create billionaire-level wealth like that of Elon Musk or Mukesh Ambani. Explaining the compounding formula, he stressed that the Pthe principal amount must be significantly higher to achieve such outcomes, urging investors to set realistic expectations.
A separated wife has won her late husband's family pension. The Allahabad High Court ruled that family pensions are a legal entitlement, not subject to employee nomination alone. The court found the wife, legally wed and with no other livelihood, was entitled to the pension. Her husband had nominated their son, but the court prioritized the wife's statutory right.
Central government holiday list 2026: Govt offices across India will be closed on these days
The central government has released its 2026 holiday list, including mandatory and optional observances for its offices nationwide. Employees can select additional holidays from restricted lists, with specific provisions for offices outside Delhi/New Delhi. Dates for Islamic holidays may be adjusted based on moon sighting.
SIPs, stocks & smart apps: 9 ways young India is changing the way it builds wealth
Tech mutual funds drop 9% so far in 2025. A buying opportunity or warning sign?
Technology funds have seen an average 9% drop in 2025, making them the biggest losers. Experts suggest this could be a buying opportunity for seasoned investors, but caution retail investors due to the inherent volatility of sectoral funds. Despite recent underperformance, some see a promising medium-term future for Indian tech, especially with AI's potential.
Employees laid off will receive additional funds for skill enhancement, complementing their severance pay. With the new labor codes set to launch on November 21, 2025, employers are required to allocate 15 days' worth of wages for each affected employee.
Bessent signals Christmas timeline for new Fed Chief
The race to select the next Federal Reserve Chair has intensified as U.S. Treasury Secretary Scott Bessent concludes second-round interviews. Kevin Hassett is viewed as the frontrunner, though the White House calls reports speculative. Five candidates remain, with betting markets split as rate cuts and economic risks shape the decision.
Best medium duration mutual funds to invest in November 2025
If you are looking for a debt mutual fund where you can park money for four years or more and are ready to take some risk and volatility, you can consider investing in medium duration funds.
Flexicap funds top equity inflows in October with Rs 8,930 crore boost
Flexicap funds are leading equity mutual fund inflows, attracting Rs 8,930 crore in October. Wealth managers favor this category for its flexibility across large, mid, and small-cap stocks. These funds offer investors a diversified approach without the need to pick individual stocks. Flexicap funds are ideal for moderate-risk investors with a five-year horizon seeking steady wealth creation through SIPs.
RBI grants post facto approval to FPI 1729 Capital for acquisition of 7.14% stake in Suryoday SFB
Post facto approval means granting go ahead after an action has already been taken
Corporate bond issuances marginally higher at 4.7 lakh cr in H1FY26
Corporate bond issuances increased to 74,000 crore in September 2025, compared to 43,000 crore in August 2025
7 Public Sector Banks get new EDs
The Financial Services Institutions Bureau had, in August 2025, recommended 11 candidates, including the aforementioned ones, for appointment as EDs, subject to to availability of vacancies in the Panel Year 2025-26
Federal Card Services eyes expanding India biz
FCS plans to issue 2 million cards from its Pune facility next year, of which 10% would be catered towards domestic market and rest for the international market
NPCI BHIM Services Limited introduced UPI Circle Full Delegation on BHIM Payments App, allowing primary users to authorize trusted contacts for UPI payments up to Rs 15,000. This feature simplifies shared financial management for families and small businesses, empowering senior citizens and young adults with controlled access.
A fake video shows Finance Minister Nirmala Sitharaman promoting an investment scheme. The video is AI-generated. The Finance Minister and the government have not endorsed any such scheme. Such schemes promise high returns quickly. Investors should verify claims through official sources and avoid sharing personal details on unverified platforms. Report suspicious content.
Prabhat Kiran takes charge as Executive Director of Bank of Maharashtra
He is expected to play a pivotal role in driving the banks growth, modernisation and customer-service excellence
What is CRN in income tax and how to find CRN on the income tax portal?
Indian equities extended their decline for a third consecutive session on Tuesday, November 25, as a volatile derivatives expiry day impacted the market. The Sensex and Nifty closed lower, with major banking and IT stocks contributing to the downturn. While PSU banks saw gains, IT, Auto, FMCG, and Oil & Gas sectors faced significant pressure.
Wealth Company Mutual Fund gets Sebi's nod to launch Specialised Investment Fund
We plan to offer several products under the SIF umbrella to cater to different risk and asset allocation preferences of clients, Madhu Lunawat, Founder, MD & CEO of The Wealth Company Mutual Fund, said in a statement
Stuck in debt trap? Dont bite off more than you can chewUse this salary-EMI rule for future
Many people take loans without checking how much EMI they can actually handle. One small mistake can later become a big money problem. Thats why experts say everyone should follow this simple salary-EMI rule before taking any loan.
I have Rs 80 lakh in FDs, how much to save to retire in five years with Rs 60k monthly expenses?
I'm 50, with Rs 80 lakh in fixed deposits and monthly expenses of Rs 60,000. I own a house and have two sons in college and school. How much more should I save to retire in five years?
Navi AMC launches Nifty MidSmallcap 400 Index Fund; NFO open till December 5
Navi AMC has launched the Navi Nifty MidSmallcap 400 Index Fund, Indias first index fund tracking the Nifty MidSmallcap 400 Index, which combines the Nifty Midcap 150 and Nifty Smallcap 250 indices. The New Fund Offer (NFO) opened on 24 November and will remain available until 5 December, with a minimum investment starting at Rs 100
Is gratuity part of CTC? See what latest labour code rules say
New Labour Codes are set to increase gratuity payouts for many employees by redefining 'wage' to include allowances exceeding 50% of total payment. This change prevents employers from artificially lowering basic pay to reduce gratuity. Eligibility for fixed-term and contract workers has also been reduced to one year.
An investor in South West Delhi won a significant tax case. The Income Tax Appellate Tribunal quashed a Rs 52 crore addition to his income. This addition was based on the tax department's claim of undervaluation of unlisted startup shares. The investor had sold shares at Rs 7 lakh each, up from Rs 54,000 within 11 months.
Life certificate for pensioners 2025: How to generate Jeevan Pramaan Patra using UMANG app
Pensioners can now easily generate a digital life certificate using the UMANG mobile app. This Aadhaar-based process eliminates the need to visit banks or pension offices. Pensioners can complete the authentication and certificate generation from home in minutes. The digital life certificate is valid and recognized under the IT Act. This simplifies the process for all pensioners across India.
As of November 21, 2025, the landscape of employee benefits has shifted dramatically with the new labour codes. Fixed-term workers will now be entitled to gratuity after a single year of service, a stark contrast to the five-year waiting period faced by their permanent counterparts. This change is designed to level the playing field and enhance compensation for fixed-term roles.
Why index funds score over buying individual stocks for retail investors
Many new investors entered the market post-COVID. While individual stock picking aims for higher returns, it's challenging. Index funds provide a simpler, diversified, and low-cost alternative. They offer market-level performance and operational ease. Passive fund assets have seen significant growth, highlighting their rising popularity among investors seeking steady wealth creation.
ICICI Prudential Large Cap Fund turns Rs 10 lakh to Rs 1.15 crore in 17 years
ICICI Prudential Large Cap Fund has delivered impressive returns. A Rs 10 lakh lumpsum investment made at inception in May 2008 has grown to Rs 1.15 crore. The fund has achieved a CAGR of 15% since its launch. Over the last five years, it provided a CAGR of 19.97%.
Can these 5 mutual funds help you achieve Rs 1 crore in a decade? Heres what an expert says
An investor aims for Rs 1 crore in ten years with a Rs 20,000 monthly SIP and a 10% annual increase. An expert review indicates this may fall short. To achieve the target, the monthly SIP needs to be Rs 30,000. The investor's current portfolio is well-diversified across various fund categories.
Canara Bank appoints former PNB CGM Sunil Kumar Chugh as ED
During his tenure at PNB, Chugh was instrumental in steering multiple transformational initiatives, making significant contributions to the banks digital, retail, and corporate banking strategies
Data analyst reveals hacks to get free airline and hotel upgrades
Airlines and hotels strategically employ upgrades to enhance customer loyalty and boost profits. These offerings aren't just bonuses; they're well-planned efforts designed to encourage repeat visits and higher spending. Opting for upgrades proves more budget-friendly than conventional promotional methods, while social media buzz functions as complimentary brand exposure.
Schools and colleges in Delhi and Uttar Pradesh observe a holiday today, November 25, 2025, for Guru Tegh Bahadur Martyrdom Day. Haryana has a restricted holiday. However, banks remain open across India. The Reserve Bank of India's holiday calendar confirms no bank closure for this occasion. Guru Tegh Bahadur was the ninth Sikh guru.
Mini TM appointed as Executive Director of Indian Bank
She has served in various positions holding the rank of Zonal Manager in Pune, Bangalore and New Delhi Zones
Flow of financial resources from Banks to commercial sector increased to 11,12,687 crore from 9,80,394 crore a year ago
Huge appetite for private credit from real estate sector
This hunger for private capital is largely due to the RBI appropriately maintaining strict limits on bank lending to real estate, to avoid asset bubbles and sub-prime risks
NBFCs AUM to cross 50 lakh crore mark in FY27: Crisil
However, bank funding would remain a crucial factor for NBFCs to achieve the projected growth, Crisil said
Veritas Finance appoints Dheeraj Mohan as Chief Strategy Officer
Mohan brings over 23 years of experience across the capital markets, wealth management and banking sectors
Director and producer Rakesh Roshan, along with his wife Pramila, has acquired five commercial units in Andheri East, Mumbai, for a total of Rs 19.68 crore. The properties, detailed by Square Yards, include multiple units with varying carpet areas and parking allocations, incurring significant stamp duty and registration charges.
Rs 1 crore by 45? The SIP 'magic formula' every 30-year-old should know
A 30-year-old can build a Rs 1 crore corpus by 45 through a disciplined 15-year SIP, assuming a monthly investment of around Rs25,000 and a 12 per cent annual return. The combination of rupee-cost averaging and compounding makes SIPs a powerful long-term wealth tool.
PPF vs FD: Where will your money grow faster over 1015 years?
PPF and FD both offer safe returns, but tax-free compounding gives PPF a clear lead over 10-15 years, especially for long-term goals. FDs still work for medium-term needs, monthly income and senior citizens.
Zepto to Perplexity: The 10 youngest billionaires powering India's startup boom in 2025
The scorecard showcased that consistent performance is not confined to a single style or segment, with steady funds emerging across market caps and strategies
How to check income tax refund status via PAN card?
Many taxpayers are experiencing delays in receiving their Income Tax Return (ITR) refunds this year. The Income Tax Department offers online methods to check refund status via PAN on the e-filing or TIN websites. Refunds are typically processed within four to five weeks after e-verification, but delays can occur due to various reasons.
SBI Ventures plans to launch 2,000 cr climate-focussed fund in Jan-Mar
The fund would invest in early and growth-stage climate startups -- particularly, in frontier climate technologies and AI-enabled climate innovations
