33 C 
RBI reworks draft loan recovery directions following industry feedback
The draft norms also bar lenders from disabling essential features such as internet access, incoming calls, emergency SOS services and public safety notifications
BHIM Payments Apps total transaction volumes increased by 301 per cent in FY26 compared to FY25
Banks step up hiring of apprentices to cut costs, expand operations
Data on recent recruitment trends show that banks are increasingly using apprentices to meet manpower requirements arising from the expansion of marketing, customer outreach, etc.
APY pension calculator: How to get Rs 1,000-Rs 5,000 monthly pension under Atal Pension Yojana
The Atal Pension Yojana provides a secure future with guaranteed monthly pensions. Indian citizens aged 18 to 40 can enroll. Contributions ensure a pension of Rs 1,000 to Rs 5,000 from age 60. The scheme offers continued benefits to spouses and nominees in case of subscriber death. This government-backed initiative secures retirement for many.
Sebi proposes to permit third-party payment in mutual funds in certain scenarios
The current regulatory framework mandates that all payments for investments in mutual funds must originate directly from the investor's own bank account and be routed exclusively through RBI-authorised payment aggregators or Sebi-recognised clearing corporations.
Karnataka Grameena Bank gets PFRDA award for Atal Pension Yojana enrolment
KGB enrolled 2,49,185 APY accounts against the DFS/PFRDA target of 1,75,500 accounts, registering an achievement level of 142%, the highest among all banks in Karnataka
PM Kisan 23rd instalment date 2026: When can farmers expect next Rs 2,000 payment?
Farmers eagerly await the 23rd PM Kisan installment, expected around June-July 2026. Beneficiaries receive Rs 2,000 thrice annually. Completing e-KYC is mandatory for receiving the Rs 2,000 payment, with options for OTP-based, biometric, or face authentication.
Can Sebis 50% overlap limit improve diversification in mutual fund schemes?
Sebis new mutual fund overlap rules aim to improve diversification by limiting duplicate stock holdings across schemes, encouraging investors and fund houses to reduce redundancy and maintain more efficient portfolios.
Railway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum salary and multiple fitment factors. They also seek higher House Rent Allowance rates and the inclusion of training periods for MACP calculations. The association aims for these suggestions to be part of the commission's recommendations.
ICICI Bank is set to implement revised charges on several debit cards, including a significant increase in Dynamic Currency Conversion (DCC) fees, effective June 21, 2026. Additionally, annual fees for various debit card variants will be adjusted, with some seeing an increase and one notable reduction.
Customers trust banks with data, but only fully satisfied with fraud resolution: EY Report
The report highlighted that trust has emerged as one of the biggest differentiators for banks as customer expectations continue to evolve beyond products and pricing
Baroda BNP Paribas Mutual Fund removes subscription limit and resumes fresh SIP/STP in its Aqua FoF
Baroda BNP Paribas Mutual Fund has removed the Rs 5 lakh daily cap on lump sum investments and resumed fresh SIP/STP registrations in its Baroda BNP Paribas Aqua Fund of Fund from May 20. The move comes as overseas investment headroom improves, though subscriptions will remain subject to regulatory overseas investment limits.
NFO Update: Tata AIA Life Insurance launches dividend leaders index pension fund
Tata AIA Life Insurance has launched the Tata AIA Dividend Leaders Index Pension Fund to help investors build long-term retirement wealth through Indias leading dividend-paying companies. The NFO is open until May 27, with units priced at Rs 10. The passively managed fund tracks the BSE 500 Dividend Leaders 50 Index and invests in 50 consistent dividend-paying firms, combining market-linked growth with life insurance protection for disciplined retirement planning.
HDFC AMC reports cyber security threat
The company promptly activated the necessary protocols for containment and incident response, and has engaged a specialist firm to assess the potential impact
1 crore home today or 6 crore corpus after 20 years - how to decide between buying & renting?
Gold prices saw an upward trend today, May 20, 2026, at major jewellery retailers like Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers. In contrast, rates at the India Bullion and Jewellers Association experienced a decline. Consumers can check the latest rates for 22k gold and silver across different brands and IBJA.
Twelve equity mutual funds delivered over 10% returns in the past year, led by TRUSTMF Small Cap Fund with 19.24%. Midcap schemes from ICICI Prudential, HSBC and Mirae Asset also featured among the top performers. Overall, 284 schemes were analysed, with returns ranging from 11.51% to 9.86%.
NFO Alert: The Wealth Company Mutual Fund launches large & midcap fund
The Wealth Company Mutual Fund, backed by Pantomath Group, has launched its 10th fund, The Wealth Company Large & Mid Cap Fund. This open-ended equity scheme, open from May 21 to June 4, aims for long-term capital appreciation by investing in both established large-cap companies and growth-oriented mid-caps, employing a unique research framework.
8th Pay Commission latest news: 5 big pension demands raised at crucial NC-JCM meeting
Can Rs 5 lakh lump sum and Rs 10,000 step up SIP create Rs 2 crore corpus in 20 years?
Combining a Rs 5 lakh lump sum with a Rs 10,000 monthly step-up SIP can help achieve a Rs 2 crore retirement corpus in 20 years. Experts advise consistent investing, even during market downturns, and increasing SIP amounts with income growth to combat inflation and maximize returns.
AI will destroy some jobs and create new ones, says HSBC CEO
The comments come a day after another financial industry giant, Standard Chartered, said that 7,000 jobs could go as it steps up its efforts to deploy AI
The Employees Provident Fund Organisation (EPFO) is set to launch a WhatsApp service for PF updates, allowing members to interact with the organization by sending a 'Hello' message.
Withdraw EPF through UPI soon as government completes testing
Employees Provident Fund Organisation subscribers will soon withdraw their provident fund corpus directly through Unified Payment Interface. The government has completed testing of this new facility.
Retiring soon? Check new NPS pension income options, RIS benefits and key withdrawal rules
RBI intervenes as Rupee drops to record low
Global investors have pulled out a record $23 billion from the nations stocks this year
A 53-year-old investor aims for a Rs 5 crore retirement corpus in seven years without a pension. Experts suggest increasing monthly SIPs to Rs 1.2 lakh with annual 24% step-ups and shifting to an 80:20 equity-debt allocation. A bucket-based SWP strategy is recommended for post-retirement income, potentially generating Rs 1.67-2.5 lakh monthly.
Q4 Results Today, May 20, 2026, Live Updates: Catch live updates
Inflation who? 10 things that got cheaper in India over the last 10 years
SBI to recruit 7,150 apprentices across India; applications open till June 8
Graduates aged 2028 can apply online till June 8, 2026. Selected candidates will receive a 15,000 monthly stipend.
A man successfully saved his two shops from demolition by the municipality. The shops were slated for removal to widen a road. The Andhra Pradesh High Court intervened, halting the demolition. The court ruled that the municipality must follow natural justice principles. This includes providing a hearing and considering the owner's registered sale deed before any action is taken.
Many policyholders believe health insurance claims require a 24-hour hospital stay. However, modern policies cover numerous treatments completed within 24 hours, known as day care procedures. These include surgeries like cataract removal and treatments such as chemotherapy. Policyholders must verify their policy details, including covered procedures and exclusions, to ensure eligibility for these claims.
Inside Mutual Fund Portfolios: The role of cash holdings
Fund managers hold cash in equity schemes for various reasons, including market overvaluation, difficulty finding quality stocks, and to meet daily redemption requests. While cash offers a downside buffer, high levels can lead to underperformance if markets rally, potentially causing investor outflows.
Karnataka Banks Q4 net profit at 408.19, seeing a growth of 61.74%
The NPAs of the bank declined by 30 basis points from 3.08% in Q4 2024-25 to 2.78% in Q4 2025-26, and the net NPA of the bank declined by 33 basis points from 1.31% to 0.98%
RBI seeks more granular risk, capital disclosures from banks
Banks will also have to provide narrative explanations for major changes in these parameters from one reporting period to another, including the factors driving such movements and the management response to evolving risks
EPFO set to unveil UPI pay-outs of PF
EPFO has undertaken mission-mode initiatives to reduce PF-related litigation and ensure resolution of pending cases: Minister for Labour & Employment Mansukh Mandaviya
Why This Mid-Cap Fund Could Bounce Back Stronger
Senior citizens in Gurugram and Faridabad now have enhanced security for their bank accounts. HDFC Bank has introduced a double OTP system. This initiative ensures money transfers only occur after verification from both the account holder and a trusted contact. This voluntary facility aims to protect individuals over 60 from cybercrimes and financial losses.
Minimum EPS-95 pension increased to Rs 7,500? EPFO says this
A letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has increased to Rs 7,500 monthly. The Employees Provident Fund Organisation has officially stated this notification is fake. The current minimum pension provided by the government stands at Rs 1,000 per month for eligible subscribers.
Raymond Realty among top 7 unique stocks with over Rs 1 crore market value. Check details
RBI set to pay government record dividend to cushion war shock
The central bank may transfer nearly 3 trillion rupees to the government this week
Ebix Technologies aims 20% growth across insurTech, financial services business
These include solutions across broker connectivity, policy administration, electronic placement systems, compliance infrastructure, and digital insurance exchanges, it added
Do mutual fund and fixed deposit investors need to file ITR if interest income is below Rs 2 lakh?
Homemakers earning under Rs 2 lakh from fixed deposits and mutual funds may not need to file ITR legally, but voluntary nil return filing helps maintain records and claim TDS refunds.
Looking for best flexi cap mutual funds to invest in May? Here are top 7 to consider
How your old forgotten UPI IDs may become a security risk and how to protect yourself
Deleting UPI apps doesn't deactivate associated IDs, leaving financial and privacy risks. Old, forgotten UPI IDs linked to recycled mobile numbers can be exploited by fraudsters. Users must proactively unlink accounts, cancel mandates, and deactivate IDs to ensure digital financial hygiene.
8th Pay Commission pension update: 5 key pension issues discussed in NC-JCM meeting
Central government employees' pension demands were discussed at the NC-JCM meeting. Cabinet Secretary TV Somanathan assured that pension increment every five years and family pension reduction issues will go to the 8th Pay Commission. Physically disabled dependents will have income certificate requirements examined. Old Pension Scheme for certain employees recruited before December 22, 2003, is being considered.
Women are significantly boosting India's mutual fund landscape, managing Rs 11.3 lakh crore in assets and contributing Rs 3 lakh crore in new investments during FY26. Their participation grew 13%, outpacing men's 11% growth. This surge highlights a shift towards disciplined, goal-oriented investing, with a rising number of women embracing diversified and long-term wealth creation strategies.
Standard Chartered plans 7,000 job cuts by 2030 amid AI-driven restructuring
Back-office centres in Chennai, Bengaluru, Kuala Lumpur and Warsaw are likely to be affected
Building a mutual fund portfolio needs careful planning. Experts highlight that too many funds lead to overlap and high risk, especially in smallcap and midcap categories. Investors are advised to consolidate holdings, increase largecap exposure, and reduce thematic investments. A balanced approach with fewer, well-chosen funds ensures better management and stability.
3 Days off every week? Heres what new labour code rules say about 4-day workweek
Is tax-exempt income in India also exempt in the US for NRI?
ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accounts, FCNR deposits, and PPF is tax-free in Indiadoes it need to be reported in the US, and will it be taxed there, including PPF maturity proceeds?
HSBC Midcap Fund delivered exceptional returns, transforming a Rs 10,000 monthly investment into Rs 2.33 crore over two decades. The fund also showed strong three-year trailing returns, ranking second in its category. Experts highlight the fund manager's strategy of focused stock selection in quality mid-sized companies across growth sectors. This approach has consistently benefited from India's economic expansion.
250% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.5 lakh
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II, fixed at Rs 15,904 per unit. Investors can redeem this tranche from May 19, 2026, after the fifth year. This offers an absolute simple return of over 250% on the initial investment.
Why your SIP keeps failing and the 5-step system to make it bulletproof
NFO Alert: ICICI Prudential MFs iSIF launches active asset allocator and long-short funds
ICICI Prudential Asset Management Company has launched two new strategies under its Specialised Investment Funds (SIF) segment: iSIF Active Asset Allocator Long-Short Fund and iSIF Equity Long-Short Fund. The NFOs are open for subscription till June 2. The strategies aim to offer adaptive portfolio construction through long-short positioning, dynamic asset allocation and derivatives-based risk management.
RBI likely selling dollars via state-run banks to steady rupee, traders says
The rupee was quoted at 96.32 per dollar on Tuesday, off a low of 96.3850
Q4 Results Today, May 19, 2026, Live Updates: Catch live updates
Can Rs 1.5 crore retirement savings give you Rs 1 lakh monthly income for 20 years? Heres the math
With a Rs 1.5 crore retirement corpus earning 6%, withdrawing Rs 1 lakh monthly can last about 22 years, leaving little balance. Slightly higher returns allow marginally higher withdrawals but nearly exhaust the corpus. Experts caution that returns from the corpus arent guaranteed and suggest a safer 35% withdrawal rate to sustain funds longer. A balanced mix of debt and hybrid funds, with focus on stability over high returns, is key to avoiding premature depletion.
Indian students studying in the USA on an F1 visa need specific authorization to work. This authorization comes from an Employment Authorization Document (EAD) linked to Optional Practical Training (OPT). A confirmed job offer alone is not enough. Students must complete their studies and obtain the EAD before starting any employment.
Have assets in the USA or UK? Why an Indian Will alone may not protect your heirs
Indian families with assets in the USA and UK need robust succession plans. A single Indian Will may not suffice for overseas properties. Experts advise considering jurisdiction-specific documents and trusts. This ensures smooth wealth transfer and avoids disputes. Proactive planning is crucial for protecting heirs and managing foreign tax implications.
ViyonaFintech gets NPCI certification
With this milestone,Hyderabad-based Viyonajoins a select group of fintech infrastructure players building end-to-end payment orchestration capabilities aligned with National Payments Corporation of India standards.
Not activating countercyclical capital buffer: RBI
The framework envisages the credit-to-GDP gap as the main indicator, which may be used in conjunction with other supplementary indicators
Fintechs turn to AI for personalised finance, fraud detection and smarter operations
The sector looks beyond basic automation and chatbots toward more intelligent financial services infrastructure
RBI dispenses with commercial banks requirement for investment fluctuation reserve
This move is aimed at reducing operational rigidity while preserving prudential safeguards
Central Bank of India keen on supporting Indian exporters: ED Murali Krishna
Timelybanking assistance is vital to enhancethe competitiveness of Indian exporters in global markets, says Executive Director
TVS Venu Group to acquire 9.9% stake in Jana Small Finance Bank for 193 crore
The move follows TVS groups recent expansion in financial services, including its agreement to acquire PGIM India Asset Management, and reflects its focus on Indias growing digital financial ecosystem
SBI nation-wide 2-day strike next week
All India State Bank of India Staff Federation puts forth 16-point charter of demands
West Bengal state government employees will see salary and pension increases with the 7th Pay Commission approval. A new Annapurna Bhandar scheme offers financial aid to women, linked to Lakshmir Bhandar.
IndusInd Nippon Life Insurance FY26 profit up 15% at 248 crore
New business premium increased 18.5% year-on-year to 1,475 crore in FY26
Edelweiss Mutual Fund: BSE, ICICI Bank and MCX among top 10 stock holdings in April
Edelweiss Mutual Fund held major allocations in banking, telecom and financial stocks during April 2026, with portfolio adjustments in MCX, L&T and BSE reflecting active investment and rebalancing strategies.
Private landlords in the UAE can now access tenant credit scores. This new system requires tenant consent through the UAE PASS digital identity platform. The Etihad Credit Bureau facilitates this secure, consent-based data sharing. This initiative aims to increase transparency in the real estate market. The service was announced at GITEX 2025 and launched in April 2026.
7 mutual funds trim exposure in 19 smallcap stocks in April. Check key details
Seven mutual funds reduced stakes in 19 smallcap stocks during April, trimming exposure across sectors to actively manage portfolios, rebalance holdings, and improve returns amid changing market conditions and valuations.
IndusInd Nippon Life Insurance posts 18% rise in new business premium
The results mark the companys first full financial year since rebranding from Reliance Nippon Life Insurance, following IndusInd International Holdings Limited (IIHL) acquiring a stake alongside existing partner Nippon Life Insurance
How Trump's crypto venture and Iran's top exchange tapped into the same industry networks
Sun and Binance, the crypto exchange owned by Zhao, are both prominent backers of World Liberty Financial, the crypto firm co-founded by Trump and his family
The Unique Identification Authority of India has extended the free Aadhaar document update service on the myAadhaar portal. Aadhaar holders can now update their identity and address proof documents without any charge until June 14, 2027. This facility is exclusively available online. The authority encourages citizens to update their details to ensure accuracy in the Aadhaar database.
Liberty Mutual raises India stake to 74% in Liberty General Insurance
The remaining 26% stake in LGI is held by Enam Securities
Top 10 largest offshore India-focused equity funds and ETFs. Check details
India-focused offshore funds saw mixed trends as Franklin FTSE India ETFs attracted strong inflows, while the top 10 funds combined assets declined 22% in March 2026 amid broader market weakness.
Want to invest Rs 6 lakh? Expert suggests mix of mutual funds, gold and silver for balanced returns
Market expert Nisreen Mamaji advised a balanced, structured approach to a Rs 6 lakh mutual fund investment, suggesting 80% allocation to equities and 20% to gold and silver, deployed via staggered investing. She projected potential long-term returns of 1214% for equity, 78% for gold and 911% for silver, highlighting disciplined investing, diversification and avoiding overcomplex portfolios for wealth creation.
Bank of India hikes FD interest rates on select tenures: Senior citizens to earn up to 7.45% rate
Bank of India has raised interest rates on fixed deposits for tenures between one and three years. These new rates are effective from May 18, 2026. Senior citizens and super senior citizens will receive additional benefits. The bank has also outlined its penalty charges for premature withdrawals of fixed deposits.
India directs State-run banks, insurance firms to cut costs, shift to EVs
The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country
Govt weighs options to revive stalled IDBI Bank privatisation
One of the options is to reduce the reserve price by as much as 20% after buyers balked in the previous round, which was halted in March, sources said
Gold prices dipped on May 18, 2026, influenced by global market weakness and shifting investor sentiment. While international rates saw a sharp weekly decline, Indian domestic prices remained high due to rupee movement and local demand. Leading jewelry brands and IBJA reported a decrease in gold and silver rates.
NFO Alert: Edelweiss Mutual Funds Altiva SIF to launch Equity Ex-Top 100 Long-Short Fund
Edelweiss Mutual Fund has launched its second Altiva SIF offering, the Altiva Equity Ex-Top 100 Long-Short Fund. This equity-led strategy aims for long-term capital appreciation by focusing on small and midcap companies, offering a differentiated investment opportunity beyond the top 100 by market capitalization.
TVS Motor to acquire 4.9% stake in Jana Small Finance Bank for 193 crore
The move follows TVS groups recent expansion in financial services, including its agreement to acquire PGIM India Asset Management, and reflects its focus on Indias growing digital financial ecosystem
The 49th annual meeting of the NC-JCM, presided by Cabinet Secretary TV Somanathan, addressed key central government employee concerns. Discussions focused on demands for the 8th Pay Commission, restoration of the Old Pension Scheme, and the increasing number of pending court cases. The meeting also highlighted issues like delayed government order implementation for AIIMS employees and non-implementation of arbitration awards.
Retiring soon? How to split your PF and gratuity corpus between safe investments and mutual funds
Retiring soon and aiming for a Rs 1 lakh monthly income from your PF and gratuity corpus? Experts advise against investing the entire corpus in income products due to inflation and longevity risks. A prudent bucket strategy is recommended for sustainable income and portfolio growth.
Banks asset quality stable in Q4FY26, West Asia risks may emerge in Q2FY27: Report
The report noted that most banks continued to maintain healthy asset quality metrics, with net slippage ratios remaining under control despite macroeconomic uncertainties and pressure on margins following the repo rate cut
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series VIII at Rs 16,012 per unit. Investors can redeem their bonds early from May 18, 2026, after five years of the issue date. This offers online investors a significant return of 212.30% on their initial investment, excluding interest.
