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RBI overhauls authorisation, renewal framework for authorised dealers
A FxC can purchase foreign currency notes/coins and travellers cheques; sell foreign currency notes/coins and travellers cheques for foreign travel purposes; and function as Money Transfer Service Scheme sub-agent in accordance with the guidelines on Money Transfer Service Scheme (MTSS).
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
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
The Bonus Points earned during the Points Fest can significantly enhance members ability to redeem rewards across Air Indias expanding domestic and international network. 2,00,000 Maharaja Points can get members, for example, up to 5 one-way Economy Class tickets between Mumbai and London Heathrow or up to 20 round-trips on prime domestic routes like the Delhi-Mumbai route.
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.
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
Using mutual funds as collateral? Avoid these 5 errors before taking loan
Loans against mutual funds offer liquidity without redeeming investments, but require careful handling. Investors often overlook loan terms, valuation risks and repayment discipline. Comparing lenders and avoiding unnecessary borrowing are key to preventing financial strain while using mutual funds as collateral for short-term funding needs.
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:
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
Cholamandalam Investment and Finance Company sees 20-23% AUM growth in FY27
Disbursements grow by 25 per cent YoY in the March quarter
Investing Rs 1.5 lakh annually in Public Provident Fund for 20 years can yield a tax-free retirement corpus exceeding Rs 66 lakh. This popular scheme offers a fixed interest rate, with compounding significantly boosting returns. PPF accounts mature in 15 years but can be extended for further growth, providing a robust wealth creation avenue.
RBI mulls sale of foreign bonds by state-owned lenders
Plan aims to attract capital inflows amid persistent currency pressure
Can I claim LTCG exemption in same year if I buy a property before selling existing one?
ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemption in the same financial year?
Discerning among retail investors chase higher returns on RBIs Retail Direct platform
The total number of accounts opened on the central banks retail direct portal jumped about 54% y-o-y to 3,61,402 as on April 27, 2026
Investing Rs 20,000 a month for 25 years? See how much wealth you can create
Investing Rs 20,000 monthly via SIP for 25 years at an expected 12% return can build a corpus of around Rs 3.40 crore. Out of this, Rs 60 lakh is the invested amount, while the remainder is generated through compounding over the long-term investment horizon.
Gold prices experienced a minor decrease on May 5, 2026. Rates for 24k, 22k, and other gold purities showed a downward trend compared to the previous day. Leading jewellers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower prices.
About seven equity mutual funds delivered over 25% CAGR in the past three years, out of 246 schemes analysed by ETMutualFunds. Bandhan Small Cap Fund topped the list with a 30.24% CAGR, followed by midcap funds such as HSBC Midcap Fund (26.55%) and ICICI Prudential Midcap Fund (25.92%).
Individual investors, HNI holdings in equity fall to 5-year low
As they take MF route to tap the equity market
SBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequate staffing, and stopping outsourcing of permanent roles. AISBISF has also underlined issues like pension related concerns under the National Pension System, lack of inter circle transfers for employees recruited after 2019.
Tax benefit removal under new tax regime hits life insurance sales: Deepak Parekh
The change is linked to the introduction and expansion of the new tax regime, which became the default option from April 1, 2023
Bank credit growth rises 15.9% in FY26, driven by retail, NBFC and industry segments: Report
Gold loans spike 123% year-on-year, boosting overall momentum
May 2026 income tax calendar: Important TDS, TCS deadlines and other due dates explained
Taxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuances. Remember to file key statements and declarations under the Income-tax Act, 2025, to avoid penalties. Stay informed to meet these important dates.
No minimum investment for Dubai residential visa? Heres what Indian property buyers should know
Looking to invest via mutual fund SIPs in May? Here are options for aggressive investors
ETMutualFunds outlines SIP portfolio options for aggressive investors across three investment brackets starting from Rs 2,000. The portfolios combine flexi cap, large cap, midcap, small cap, and hybrid funds, selected using an in-house methodology based on returns, consistency, risk, and asset size over the past three years.
Axis Mutual Fund has temporarily suspended subscriptions in three international funds from May 5 due to overseas investment limits. While fresh inflows are halted, redemptions and existing SIPs continue. The move comes amid strong past returns and follows leadership changes, including Ashish Guptas exit and R Sivakumars elevation as CIO.
The Delhi Development Authority has extended the payment deadline for its premium Towering Heights project in Karkardooma to June 30, 2026. This move accommodates delays in statutory approvals and physical possession, offering relief to allottees. No interest will be charged on payments due by March 31, 2026, extended to April 30, 2026, and until June 30, 2026.
Greater Noida has seen a 3.58% increase in property circle rates, aligning with the Cost Inflation Index to encourage investment. A new 37-km road connecting Greater Noida to the Ganga Expressway is also proposed, promising seamless connectivity to western Uttar Pradesh and reducing travel time significantly.
JioBlackRock Mutual Fund files draft document with Sebi for hybrid long-short fund under Prism SIF
JioBlackRock Mutual Fund has filed draft papers with Sebi to launch a hybrid long-short fund under its Prism SIF platform. The interval strategy will invest across equity, debt and derivatives with limited short exposure. With structured allocation and income strategies, the fund targets long-term capital appreciation alongside income generation for investors.
Defence mutual funds surge up to 25% in a month. Should you invest now or wait for a correction?
Defence mutual funds have surged up to 25% in a month, driven by geopolitical tensions. Experts advise against chasing this sharp rally, citing stretched valuations and long project timelines. Investors should consider gradual entry or diversified funds for long-term wealth creation.
Your unlimited health insurance plan still has limits, and they could cost you lakhs
Q4 ResultsToday, May 5, 2026, Live Updates: Catch live updates
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Jain has led the division for decades and is widely credited with shaping its global reinsurance strategy
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27
The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both regimes allow certain allowances and perquisites, understanding these benefits, like meal vouchers and motor car perquisites, is key to minimizing your tax burden for FY 2026-27.
Bengaluru's housing market saw a 5.3% CAGR price rise over five years. Builders are focusing on premium 3BHK apartments in the Rs 1 to 2 crore range. This creates a shortage of affordable homes priced between Rs 30 to 50 lakh. Sales are highest in the Rs 1 crore to Rs 1.5 crore segment.
Aditya Birla Capital reports 31% increase in Q4FY26 consolidated net profit at 1,129 crore
The consolidated results include the results of 16 entities such as Aditya Birla Housing Finance, Aditya Birla Sun Life Insurance, Aditya Birla Sun Life AMC and Aditya Birla Health Insurance within the ABCL fold
CSB Bank reports 6% increase in Q4 FY26 net profit at 202 crore
Pralay Mondal, MD & CEO, attributed the de-growth in retail loans to re-classification of loans against security, where the collateral was gold, and decline in unsecured loans, among others
RBI cautions members of the public against false and misleading campaigns promising loan waivers
Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country, according to a central bank statement.
Newly appointed DG Rohit Jain given charge of 10 RBI Depts
The new DG has been appointed by the government for a period of three years or until further orders, whichever is earlier
Bitcoin crosses $80K for first time in 3 months; sentiment turns risk-on
Total market capitalisation rises to nearly $2.64 trillion
Banks, insurers unlikely to enter commodity derivatives segment now: SEBI Chief
Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a valid rationale for not being favourably inclined towards the segment
Post office rules change: PAN now mandatory for key transactions under Income-tax Rules, 2026
Savings account interest rates: Suryoday Small Finance Bank has updated its savings account and fixed deposit interest rates. Effective May 1, 2026, savings accounts will offer up to 7.60% interest on higher balances.
The Indian Railways Technical Supervisors Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct fitment factors for its technical staff, citing job complexities and hazards. They also proposed a 5% annual increment, a promotional increment equivalent to two annual increments, and a separate CPI for calculating Dearness Allowance.
HDFC Mutual Fund increases fresh SIP registration amount in HDFC Defence Fund, caps STP at Rs 25,000
HDFC Mutual Fund has revised investment rules for its HDFC Defence Fund, increasing the minimum amount for fresh SIP registrations. It has also capped new STP registrations at 25,000 per month per investor (PAN level), allowing them only under a monthly frequency from May 4.
Flying via Dubai? New ticket refund rules for delays and other consumer rights you must know
New consumer rights rules for air travel in Dubai took effect on April 28, 2026, empowering passengers with clearer information on ticket prices, terms, and baggage. The Dubai Civil Aviation Authority's directive mandates airlines to provide timely updates and options like re-routing or refunds for flight disruptions, with provisions for meals and accommodation during extended delays.
These 5 flexicap mutual funds had maximum mid and smallcap exposure. Check details
Gold prices are stable today as traders await crucial economic data from major economies and the US jobs market. Analysts note that geopolitical tensions and rising oil prices are influencing gold's movement. Retail prices at leading jewellery brands like Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds show little change.
Etihad Airways is now offering a 10% discount on promo seats for its top-tier loyalty members. Gold, Platinum, and Emerald members of the Etihad Guest program can avail this special offer. This benefit enhances the exclusive member experience, providing greater value and rewarding redemption opportunities.
NFO Alert: Axis Mutual Fund launches Axis Nifty Capital Markets Index Fund
Axis Mutual Fund has launched the Axis Nifty Capital Markets Index Fund, an open-ended scheme tracking the Nifty Capital Markets Total Return Index (TRI). The NFO is open till May 15 and aims to mirror index performance, before expenses, subject to tracking error. The fund offers investors exposure to Indias evolving capital markets ecosystem.
RBI explores steps to mobilise dollar inflows as rupee slides, sources say
The rupee has slumped 5.5% this year, sliding to an all-time low of 95.33 per dollar last Thursday
Check your EPF now: How incorrect dates affect PF balance, claims and pension
SBI Card has revised its late payment charges, effective May 1, 2026, impacting lower outstanding amounts. A new Rs 100 penalty now applies for dues between Rs 100 and Rs 500.
EPS pension hike 2026: Will your monthly pension rise to 3,000? Check eligibility now
Mutual fund portfolio in loss after 20 months? Expert says dont judge too early, tweak allocation
An investor's SIP portfolio in SBI Mutual Fund showed a Rs 10,000 loss after 20 months, prompting expert advice. Volatility is inherent in equity markets, and a short investment horizon makes performance judgment difficult. Experts recommend a flexi-cap fund for better diversification and reduced volatility.
A US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account during demonetisation. The ITAT Delhi cancelled the notice, acknowledging the funds were genuine remittances from earlier years, ruling in favor of the NRI after a six-year legal battle.
Best-performing NPS equity funds: Over 15% returns in 3 years. Check key details
Top NPS equity funds have generated over 910% annual returns in the last three years, with fund managers like LIC, UTI, and SBI leading performance amid steady equity market gains.
MF Tracker: Baroda BNP Paribas Mid Cap Fund turns Rs 10,000 SIP to Rs 1.55 crore in 20 years
Baroda BNP Paribas Mid Cap Fund has delivered exceptional returns, turning a Rs 10,000 monthly SIP into Rs 1.55 crore over 20 years. The fund's consistent performance across market cycles, driven by a fundamental, bottom-up approach, has helped investors achieve their financial goals.
Bitcoin surpasses $80,000 as Asian stocks near record highs
The original cryptocurrency climbed as much as 1.9% Monday morning in Singapore to $80,393, its highest level since Jan. 31
IRDAI data skips average sum assured per policyholder
When IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium per unit of cover, the two are in perfect alignment. No one needs to collude. The ruler measures what the industry finds convenient. The industry finds it convenient because the ruler keeps pointing upward.
Can NPS Swasthya replace your health insurance plan?
Can the NPS Swasthya scheme be an effective substitute for a comprehensive health insurance plan that covers hospitalisation and related expenses? Participating companies say that is not its objective. The scheme allows you to dip into your NPS corpus to fund healthcare needs, but several conditions apply.
Staying disciplined paid off for us: Navneet Munot
HDFC MFs Navneet Munot tells Sanket Dhanorkar and Kayezad E. Adajania how navigating crises has shaped investing discipline, risk management and future strategy.
RSU vs ESOP: Which is better for employees?
From vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employers stock is not the safe reward it feels like.
AI, apps aid women in finance, health, daily life
Women are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online shopping, utility bill payments, documentation and paperwork, health care and medical needs, travel (booking cabs or navigation), recreation, and even career management.
New online gaming rules: What's changing for you?
An online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electronic communication. This definition ensures that almost every form of digital gaming falls within its scope. The real difference, and the real tax impact, begins when we look at how these games are classified.
How hidden charges change the true cost of trading
There are several types of orders that investors can place on the exchange, and each interacts with the system in a distinct way. The choice of order type determines how and when a trade is executed, the price it gets filled at, and even whether it gets executed at all. As a result, the order an investor chooses can significantly impact trading outcomes and overall returns.
Portfolio recipe for 2026: Best equity, debt, gold mix
For best portfolio results, its best not to get swayed by any one asset class. Experts recommend diversification. While asset allocation is the way to go, the question remains: what is the best combination? Every investor has their own asset allocation. Heres a start. In this weeks TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable returns boost in recent years, while those with zero gold exposure have persistently lagged. By Sameer Bhardwaj.
Balance sheet, income & cash flow statement decoded
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 101st part of this series, Riju Mehta explains the difference between the three types of financial statements.
Consistent performers: 13 equity funds deliver over 20% in 3 and 5 years. Do you own any?
Punjab & Sind Bank aims to cross total business milestone of 3 lakh crore in FY27
The bank is expecting a credit growth of 16-18% and deposit expansion of 13-14% in the ongoing financial year, says Punjab & Sind Bank MD and CEO Swarup Kumar Saha
Equity mutual funds delivered over 4% return last week. Check top 10 performers
