19 C 
PNB Housing Finance net profit up 6 per cent; considering a hike in lending rates
The companys Net Interest Margin (NIM) was stable at 3.67 per cent in the recently concluded quarter
City Union Bank Q2 net up 27% at 416 crore on robust core growth
Total deposits of the bank increased by 21 per cent y-o-y to 83,893 crore
Capri Global Capital reports 66.50% jump in standalone Q2FY27 net profit at 353 crore
The diversified retail-focused non-banking financial companys net interest income shot up 71.60% yoy to 7,049crore against 4,108 crore in the year ago quarter
Bandhan Bank Q2 net jumps over 5-fold at 6,21.75 crore, NII grows 14.38%
On a quarter-on-quarter basis, the banks net profit grew close to 24% during the period under review from 5,01.67 crore in the first quarter of FY27
Individual investors in YES Banks AT-1 bonds request RBI to ensure implementation of SC judgment
The individual bond holders forum emphasised that it recognises that the coupon terms must be examined separately for each issuance and that the IM contain provisions relevant to coupon discretion
Cholamandalam Investment and Finance Q2 net up 41%, board approves fundraise up to 5000 cr via QIP
For the half year ended September 2026 (H1 FY27), net profit came in at 3,284 Ccrore, up 43 per cent y-o-y
Prudents operating profit jumps 42% as wealth distributor hits record equity sales
Profit after tax rose 33.9% YoY to 71.7 crore, though PAT growth lagged operating profit growth due to mark-to-market reversals in other income during the quarter
PhonePe rebrands Indus Appstore, expands into digital goods and webstore
The app marketplace, now present on more than 200 million devices through OEM partnerships, is adding gift cards, top-ups and a webstore as it seeks to broaden its reach among consumers and developers
Karnataka Bank Q2 net profit up 36.6% to 319.12 crore
For the half year ended September 2026, the net profit stood at 854.84 crore as against 611.52 crore for half year ended September 2025, a growth of 39.79%
With the festive season nearing, its the perfect time for many to buy gold jewellery. However, ensuring the golds purity is crucial before investing. Methods like looking for a BIS hallmark and a unique HUID number are essential. Home tests such as the ceramic streak test and vinegar test can lend extra credibility, but nothing beats professional testing for confirming gold purity.
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
City Union Bank Q2 net rises 26% to 416 crore
Interest income rose 27% to 2,092 crore in Q2 FY27 from 1,653 crore in Q2 FY26
Employees' Provident Fund accounts continue to earn interest for three years after the age of 58. After that period, accounts become inoperative unless members withdraw their accrued corpus.
65 Years of Trust: Why ET is the platform that brings Indias wealth leaders together
The ET Wealth Expo 2026, scheduled for October 30 and 31 at NESCO in Mumbai, will spotlight vital discussions and exhibitions centered on the shifting financial priorities of India's wealthy investors and wealth creators. This gathering will delve into crucial topics such as risk management and succession planning, featuring insights from financial experts and business leaders. It's an essential platform for fostering collaboration in India's dynamic wealth landscape.
Delhi circle rate update: Farmers in the national capital are demanding a circle rate of Rs 10 crore per acre, with the Delhi Panchayat Sangh urging the government to implement this circle rate for agricultural land. Current estimates suggest that land rates in the capital region could zoom by around 650%, causing prices to go over Rs 15 crore per acre from Rs 2 crore now.
Gold rate today: Gold prices have risen today, October 28, 2026, across major jewellers like Tanishq and Malabar Gold. Prices for 22k gold jewellery are detailed, with differences noted between major retailers. The India Bullion and Jewellers Association published their latest retail selling rates for various purities of gold and silver. A comparison with the previous day's rates indicates a noticeable increase in prices across the board.
Planning a festive getaway doesn't have to break the bank! Discover essential tips to save on flights, accommodation, and more while enjoying your holiday. From setting fare alerts to strategically using credit card rewards, learn how to effectively budget for your dream vacation without compromising your financial stability. Start saving smart today for a stress-free festive travel experience!
Indias credit card base expands 9.5% y-o-y in September; spending moderates on high base: Jefferies
Total credit card spending fell 6.2% y-o-y during the month, compared to a growth of 5.5% registered in the previous month
Several equity mutual funds delivered returns of more than 20% over the past three years, led by SBI Healthcare Fund at 23.11%. Healthcare, small-cap, mid-cap and infrastructure schemes feature prominently among the top performers.
The Ministry of Finance announced a revision in the Industrial Dearness Allowance rates for certain CPSE employees. This revision will be applicable starting from October 1, 2026, affecting various pay scales. Employees in board-level and supervisory roles will see an increase in their IDA rates. Different IDA rates will apply for those under distinct pay scales from 1987 to 2017.
Best gilt mutual funds to invest in October 2026
Mutual fund experts posit that aggressive debt investors might want to consider gilt funds as a way to obtain superior returns. As interest rates decline, the prospect of double-digit returns from these funds becomes more plausible. Nevertheless, gilt funds carry risks linked to interest rate fluctuations, making them appropriate only for savvy investors. Aiming for a long-term horizon is crucial, and monitoring rate shifts is highly advised.
209% return on SGB premature redemption: Gold bond turns Rs 1 lakh investment into Rs 3.09 lakh
The Reserve Bank of India has announced the premature redemption price for the Sovereign Gold Bond 2020-21 Series I, permitting investors to redeem on October 28, 2026. The chosen redemption price stands at Rs 14,159 per unit, showcasing a notable return on investment.
DA hike news: Has the government announced 3% DA hike for central government employees today?
DA hike news: Can the government announce 3% DA hike for central government employees today?
Top 8 equity MFs offer double-digit gains on SIP investments since last Diwali. Do you own any?
Since last Diwali, investors in eight equity mutual funds have enjoyed impressive double-digit gains from their Systematic Investment Plans. The standout performer has been Samco Small Cap Fund, boasting a remarkable return of around 30.85 percent. Other significant contributors include the Motilal Oswal Focused Fund and Bank of India Small Cap Fund. However, with 255 funds experiencing negative returns, market volatility remains key.
Delhi High Court orders takedown of fake Kotak accounts on Meta, Telegram, LinkedIn
The case targets unidentified John Doe defendants who used Kotaks trademarks across WhatsApp, Telegram, Facebook, YouTube, and LinkedIn to run fraudulent investment schemes
Bank stocks in Q2 FY27: Why ICICI, SBI, Kotak and AU Bank are Motilal Oswal's top picks
IFSCA sets financial soundness norms for payment system operators in GIFT City
Existing payment system operators must submit certificates from their statutory auditors confirming compliance with the prescribed criteria for the preceding financial year by September 30 each year
PNB set to close these accounts soon: Bank says complete KYC by November 10 to avoid account closure
Punjab National Bank has issued a notice to its customers regarding the closure of dormant accounts. Any account with no transaction activity for over three years and a zero balance is at risk. To prevent account closure, customers need to complete their Know Your Customer requirements by November 10, 2026.
Q2 Results Today, 28th October 2026 Live Updates: businessline brings to you latest Q2 annoucements, earnings updates and more.
Six homeowners filed case against society's managing committee for misappropriating Rs 3.08 crore; society selectively increased these six homebuyers maintenance amount; Maharashtra co-op appellate court gives relief to these six homeowners
Silver rate has fallen 50% from its record-high January rate; should you buy now or wait?
Silver prices have witnessed a sharp decline in the Multi Commodity Exchange, resulting in considerable losses for investors. Experts believe that a price recovery may occur within the next 12 to 18 months. New investors are advised to adopt a gradual buying strategy, while existing investors should hold steady and resist the urge to sell in haste.
Ms Parves counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source of income. To support her claims, Ms Parve also filed Form 26AS, an affidavit, the husbands death certificate, computation sheet, bank statements between 24.08.2015 and 30.09.2015.
Can income tax officials take your PPF savings for unpaid tax dues? Know what the law says
Dealing with a tax demand? It's essential to grasp how the Income Tax Department can seize dues from different assets, while your PPF account holds particular protections. Funds within a PPF account are shielded from attachment; yet, withdrawing them can put them at risk.
BFSI Insight Summit 2026: 'Real-time fraud check key in digital payments'
At the BFSI Insight Summit 2026, payments leaders called for AI-driven fraud detection, real-time risk scoring and greater industry collaboration to tackle rising digital payment scams
MDR uncertainty, choppy markets cloud 33,600-crore fintech IPO pipeline
For payments companies, investors will assess impact of merchant discount rate
SBI Life Q2 net up 11% at 549 crore net premium income
The first-year premium rose 8.81 per cent to 5755.86 crore, whereas the renewal premium increased 12.57 per cent to 15,763.64 crore for the period under review
RBI Governor Sanjay Malhotra urged states to adopt UPI-linked lending, leverage CBDC for direct transfers, and strengthen fiscal health nationwide
MSME, unsecured retail stress to lift bank NPAs in FY27
Indian banks in India are set to see a modest rise in fresh non-performing assets in FY27
Stay tuned to businessline for more business, financial and stock market news.
Indian Overseas Bank appoints Akshit Choudhary as CFO from Nov 1
Choudhary is a Chartered Accountant with over 15 years of professional experience across banking, financial services, auditing, treasury, and business operations
TVS Credit reports 19% growth in Q2 PAT at 243 crore
As per a statement by TVS Credit, the NBFC clocked a net profit of 243 crores for Q2FY27, a growth of 19% compared to the same period last year
Tata Capitals consolidated Q2 net profit jumps 51% to 1,660 cr
Net interest income was up 23 per cent to 3,696 crore (3,006 crore)
Proposed insurance distributions norms: IRDAI Chief says I am in the listening mode
IRDAI has extended the deadline to submit feedback on its proposed distribution reforms to October 31, 2026,from the earlier October 25, 2026
The PFRDA has now pushed back the implementation date for updated PoP charges that impact NPS and NPS Lite subscribers to December 1, 2026. This extension provides extra time for subscribers to prepare.
UAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to assess their foreign assets in relation to their tax status. Those eligible can use the FAST-DS 2026 scheme before the deadline. Failure to disclose such assets may result in severe penalties or taxation. It is important to review and act upon this nudge to avoid repercussions.
5 most elite credit cards in India: Joining fees go up to 5 lakh; what do you get?
Starting from November 1, 2026, vehicle owners residing within a 20 km radius of toll plazas can apply for a discounted local FASTag pass. The yearly fee is set at Rs 1,500 for locations outside city limits and Rs 3,000 for those within.
Indian lenders delay dollar bond sales as hedging costs climb
Canara Bank, Punjab National Bank and Bank of India have shelved planned issuances, while Karur Vysya Bank awaits more favourable pricing
PhonePe launches Tatkal NPS, lets users open pension accounts for 250
The feature leverages Tatkal NPS, a framework developed by the Pension Fund Regulatory and Development Authority (PFRDA), which allows existing bank KYC data to be reused via an OTP
Worried about long-term returns? No equity mutual fund lost money on 5- and 7-year SIPs
No equity mutual fund delivered negative SIP returns over five- and seven-year periods, an ETMutualFunds analysis found. Quant Small Cap Fund topped the seven-year list with 24.59% returns, while Bandhan Small Cap Fund led the five-year category at 18.08%. Shriram Flexi Cap Fund recorded the lowest returns across both periods.
Swiggy renews insurance cover for 25 lakh delivery partners with IndusInd General Insurance
Under the renewed programme, delivery partners receive accidental death cover of 10 lakh, in-patient hospitalisation cover of up to 2 lakh, and family health coverage of up to 1 lakh
Gold rate: Gold prices for 22k jewellery rose today in various showrooms across cities like Delhi and Mumbai. In contrast, the IBJA indicated a decline in gold and silver rates compared to yesterday's evening rates.
Housing societies looking to redevelop must qualify under Development Control Regulations and pass a resolution during a meeting. After the resolution, a development agreement can be signed with a builder, and a Power of Attorney can be issued. The society must ensure transparency and due diligence in the redevelopment process to protect member interests. Legal aspects, such as compensation for delays and entitlement, should be clearly outlined in agreements.
Parag Parikh Flexi Cap among top 9 flexicap funds with highest risk-adjusted returns. Check details
Sharpe ratio is a risk-adjusted return measure. It measures the excess return over the risk-free rate per unit of risk, measured in terms of standard deviation. Here are the top 5 flexi-cap funds with the highest risk-adjusted returns (Source: MF Screener).
What is the best way to invest in gold monthly with a modest salary?
ET Wealth Reader's Query: I just started my first job. My salary is modest, but I would like to invest a small amount in gold every month as a long-term investment. What are the safest and most secure ways to invest in gold through monthly investments? Which option is suitable for someone starting out with a limited budget?
DA news: More than 55 lakh central government employees are anticipating a dearness allowance hike announcement soon. The hike is expected to be announced following the cabinet meeting scheduled for October 28, 2026. If approved, the DA rate may increase from 60% to an estimated 63%, resulting in salary increases. Employees are hopeful for the announcement after delayed expectations in previous meetings this month.
The Employees' Provident Fund Organisation may discuss increasing the minimum monthly pension under the Employees' Pension Scheme. A proposal to raise the pension from Rs 1,000 is anticipated during the next Central Board of Trustees meeting.
EPS pension: 25,000 wage ceiling but government contribution stays capped at 174; know what it means
Small cap mutual funds have proven to be the top performers in the market, offering impressive returns as high as 16%. The Bank of India Small Cap Fund took the lead with a notable return of 15.51%. However, investment experts emphasize a cautious approach to valuations, despite an optimistic long-term outlook for small caps.
Why are HDFC Bank shares steady as Bagchi officially takes charge as MD & CEO
The stock remains under significant pressure, down 30.45 per cent year-to-date against the Nifty 50s 12.86 per cent decline
The Karnataka High Court ruled against retired employees challenging amendments to the Employees' Pension Scheme, 1995. The court found the government's power to amend the scheme was legitimate and did not violate vested rights. Retired employees argued that their pension entitlements were reduced by the 2007 amendments. The EPFO clarified that the amendments corrected existing anomalies and did not take away benefits.
No EPF, no pension. Learn how Indian freelancers can save tax and build a retirement corpus in 2026-27 using NPS, PPF, ELSS and the right tax regime.
Paytm Q2 FY27 profit rises over 10-fold to 225 crore; revenue grows 28% to 2,648 crore
EBITDA increased 90% y-o-y to 270 crore, its highest ever for a quarter, with the EBITDA margin expanding to 10%, reaching double digits for the first time
Stay tuned to businessline for more business, financial and stock market news.
The Karnataka High Court has dismissed the criminal charges against homebuyer Mr. Bari, who stopped repaying his loan EMIs after learning that the builder had sold his booked flat to another buyer. The State Bank of India accused Bari of misusing the loan funds, but the court determined that the bank mishandled the situation by pursuing criminal charges. The fate of Bari's initial flat booking and investment remains unclear.
The questions ET Wealth Expo 2026 will actually answer, and why they matter right now
Should you continue investing in equities in the age of AI? Is your retirement plan on track? And have you considered how your wealth will be passed on to the next generation? The ET Wealth Expo 2026 will address these and other financial questions on October 30 and 31 in Mumbai.
SoftBank vehicle sells 3.58 crore Ola Electric rights entitlements amid 1,000-crore issue
The investment vehicle sold 1.21 crore REs on October 22 and 23, followed by another 2.37 crore on October 26, according to exchange data.
BFSI Insight Summit: Looking at if we can have YONO Bharat, says C S Setty
SBI Chairman C S Setty says the bank is working with NPCI to prevent UPI merchant charges from reaching customers, while FCNR(B) inflows will ease deposit competition
Bank of Maharashtra reports 41% jump in Q2FY27 net profit at 2,310 crore
The Pune-headquartered public sector bank, which reported a net profit of 1,633 crore in the year ago quarter, logged a robust growth in advances amid improvement in asset quality
Q2 Results Today, 26th October 2026 Highlights: Stay tuned to businessline for more Q2 updates
SBI working on launching exclusive YONO Bharat mobile banking app for Jan Dhan customers
The app likely to be launched in 6-12 months
MFIN to issue PAN, CKYC guidelines for microfinance lenders in 10-15 days
Industry body MFIN aims to strengthen borrower identification and credit underwriting by encouraging lenders to adopt PAN and CKYC records within an aspirational 18-month timeline
Tamilnad Mercantile Bank records highest-ever net profit of 451 crore for Q2
Total Business grew by 27.25%, highest year on year growth since listing of the bank. Net Interest Income for the quarter stood at 807 Crore, a growth rate of 35.17% YoY
Bank of Barodas standalone primary dealer subsidiarycommences operations
BoB says this marks an important milestone in its strategy to strengthen its presence in government securities and debt capital markets
SBI chief expects 50 bps repo rate hike in MPCs next meeting
Rate hikes may weigh on discretionary consumption demand, says Chairman
Indian Overseas Bank Q2 net surges 56% on strong interest income growth
Lender eyes $500 million ECB funding by December
Shift to rate hikes may impact consumption credit demand; will not hurt retail asset quality: Setty
Pointing to the robust 7.1% growth expected this fiscal year, Setty said the demand from productive sectors is unlikely to be impacted
ITC Hotels reports revenues of Rs 1054 cr for Q2, PAT at Rs 203 cr
ITC Hotels reported strong second-quarter growth, with revenue rising 26% and net profit increasing 52% year on year, supported by higher room rates, occupancy and demand from business events. The company also expanded its portfolio through new hotel signings, the Welcomhotel Ahmedabad acquisition and a land allotment in Lucknow.
Can a husband avoid paying maintenance by claiming he has no income?
Allahabad High Court has ruled that a husband capable of earning cannot escape his obligation to maintain his wife by citing unemployment or poor business performance
FII outflows stabilising, India story intact, say foreign bank CEOs
Speaking at Day 1 of the BS BFSI Insight Summit 2026, foreign bank CEOs discussed FII outflows, the long-term India growth story, cross-border capital flows, and opportunities in SME financing
IFC lends $150 million to SBI to support 8.6 lakh rural women borrowers
The social loan is expected to benefit around rural women across agricultural value chains, including crop cultivation, animal husbandry, fisheries and food processing
JioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-market equities. The feeder fund invests primarily in BlackRocks actively managed strategy spanning the US, Europe and Japan.
IOB Q2 net profit rises 56% to 1,912 crore on higher interest income
Interest income of the bank rises 17% to 9,201 crore during the September quarter
5 ways to invest in gold this Dhanteras and Diwali: From jewellery and gold ETFs to digital gold
Gold purchasing sees a significant rise during Dhanteras and Diwali, celebrated for their cultural relevance. Investors can explore various avenues like physical gold, ETFs, and digital gold options.
JioBlackRock Mutual Fund files draft documents with Sebi for life cycle and debt funds
JioBlackRock Mutual Fund is set to unveil two new investment opportunities tailored for Indian investors. The JioBlackRock Life Cycle Fund 2056 aims to achieve long-term capital appreciation through strategic and diversified asset allocation. On the other hand, the JioBlackRock Ultra Short Term Fund prioritizes income generation while ensuring liquidity in the short term. Investors can start with a minimum commitment of Rs 500 for both lump-sum and SIP options.
Tamilnad Mercantile Bank Q2 net profit up 42% to 451 crore
Interest income of the bank rose 29% to 1,820 crore during Q2 of FY27
Top 5 gold funds and ETFs with highest risk-adjusted returns. Check their 3-year performance
Gold funds with the highest Sharpe ratios offer strong risk-adjusted returns, with UTI Gold ETF FoF leading the list at 1.50. Seven gold funds recorded three-year returns above 30%, according to MF Screener data.
8% discount or 10% cashback: What saves more ?
