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Kotak Mahindra Bank skipped IDBI Bank bid over high valuation, open to revisit
The earlier stake sale was called off after bids fell short of government expectations, even as foreign investor interest in Indian financial institutions continues to rise
Kotak Mahindra Banks Q4FY26 standalone net up 13% to 4,027 cr
Indias fourth largest private sector bank had clocked a net profit of Rs 3,552 crore in the year ago quarter
FinMin notifies 100% FDI in insurance; LIC cap stays at 20%
The move follows recent amendments to insurance laws aimed at boosting investment and expanding the sector
6 investments with 7.5% and higher interest rates: SCSS, SSY, RBI bond and more
Kotak Mahindra Bank Q4 results: Net profit jumps 13% to 4,027 cr on strong loan growth
Kotak Mahindra Banks net advances expand 16% in the quarter from a year earlier, mainly driven by retail and corporate loans
Bank employees will see a slight increase in their take-home pay as the government has raised Dearness Allowance (DA) from May 1, 2026. The DA has been revised to 25.70%, a 0.70% hike from the previous quarter's 25%. This adjustment impacts salaries across various pay scales for the May-July period.
5 mutual fund NFOs and 1 SIF to open for subscription this week. Check details
Five mutual fund NFOs and one SIF are set to open for subscription this week, offering investors fresh opportunities across index, ETF and thematic categories. With varying investment minimums and timelines, these launches reflect fund houses efforts to expand offerings and capture investor interest in evolving market segments.
Gold prices saw fluctuations on May 2, 2026, influenced by global uncertainties and inflation concerns. Leading jewelers like Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds reported varying 22k gold rates. The IBJA provided indicative rates as of April 30 due to market closures.
Pay full Bengaluru property tax by May 31, 2026 and get 5% rebate as due date gets extended
Bengaluru property owners can now avail a 5% rebate on property tax by paying in full by May 31, 2026, as the deadline has been extended. Additionally, the Greater Bengaluru Authority has enabled online e-Khata downloads using SAS Property Tax ID, simplifying the process for citizens.
Lower valuations may see India outflows moderate: RBI Governor
The rupee has declined more than 5% so far this year, ranking as Asias worst performer, while the benchmark Nifty 50 stock index has lost 8%
SIFs Ex-Top 100 long-short strategy gains 12% in 1 month; two offerings available
Ex-Top 100 long-short SIF strategies have delivered strong near-term gains, with leading funds returning up to 15% in a month. The approach focuses on mid and small caps outside top 100 stocks, combining long equity exposure with selective short positions for alpha generation.
New Citizenship Rules for 2026 are here. Minor children cannot hold two passports. OCI registration is now digital, with e-OCI cards. Applying for OCI is fully online. Renouncing or cancelling OCI cards has clear electronic procedures. Biometric data can be used for fast immigration. These changes simplify processes and enhance digital record-keeping for citizenship matters.
These 6 equity mutual funds deliver over 20% return in April. Do you own any in your portfolio?
Six equity mutual funds delivered over 20% returns in April, led by international and sector-focused schemes. A majority of funds posted positive returns, reflecting strong market momentum. Global indices, especially Nasdaq, supported performance, while only two funds ended negative, highlighting broad-based gains across categories during the month.
Quant Mutual Fund advises aggressive portfolio rebalancing amid improving market conditions, citing attractive valuations and strong liquidity. It favors large caps, selective mid and small caps, and sectors like energy, infrastructure, and financials, while remaining cautious on manufacturing uncertainties.
Planning a 15-year mutual fund investment? Heres a simple 4-scheme portfolio approach
A long-term investor with Rs 10 lakh and a 15-year horizon can build a simple four-fund mutual fund portfolio combining a Nifty index fund and flexi-cap funds. The strategy focuses on disciplined investing, diversification, and staying invested through volatility to generate sustainable wealth over time despite market fluctuations.
Find the live updates of Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, Epigral, Netweb Tech and more on businessline
Rats ate bribe money: Supreme Court grants bail to govt officer in Rs 10,000 bribery case
The Supreme Court granted bail and suspended the jail sentence of a government officer accused of taking a Rs 10,000 bribe. The unusual reason for the relief was that rats had destroyed the seized bribe money, raising concerns about evidence preservation. The court will further examine this issue.
Saturday bank holiday: Are banks open or closed today on May 2, 2026?
Banks in India are not open on all Saturdays. So anyone willing to complete their bank work today (Saturday, May 2, 2026) must check if banks are open or closed today.
Securing prestigious scholarships for studying abroad requires more than just academic merit; it demands years of dedicated groundwork and a compelling narrative. Indian students aiming for international education must strategically build impactful profiles, focusing on deep engagement with specific issues and clearly articulating their intent and need.
This observation comes in the backdrop of the Rrupee breaching the 95 to the Ddollar mark in intraday on Thursday for the first time since March 30, 2026, and closing at an all time low of 94.91 per US Ddollar
Capital Small Finance Bank eyes 34K cr total biz threshold for converting to a universal bank
CSFB reported 18 per cent year-on-year increase inQ4FY26 net profit at Rs 40 crore against Rs 34 crore in the year ago quarter
The Latest Home Loan Interest Rates: May 01, 2026
The Latest Home Loan Interest Rates: May 01, 2026
The All India NPS Employees' Federation met with the 8th Pay Commission chairperson and other members. It proposed allowing central government NPS subscribers to switch to Old Pension Scheme after completing certain years in service. It has also requested raising the retirement age for central government teachers to 65.
How inflation and RBI repo rates influence personal loan interest rates
Inflation's rise impacts living costs, prompting the RBI to manage it via the repo rate. Changes in this rate directly affect personal loan interest, with unsecured loans responding faster. Understanding these dynamics and borrower profiles helps in preparing for loan applications and securing favorable terms.
The UK's Renters' Rights Act, effective May 1, 2026, significantly overhauls tenant protections. Key changes include abolishing 'no-fault' evictions, capping upfront rent to one month, and prohibiting rental bidding wars. Landlords must now reasonably consider pet requests, and fixed-term contracts are replaced by flexible rolling tenancies, offering renters greater security and stability.
The 8th Central Pay Commission is set to hold crucial meetings in Hyderabad, Srinagar, and Ladakh during May and June 2026. Employee unions and organizations are invited to submit their pay, pension, and allowance-related demands online. The deadline for memorandum submission has been extended to May 31, 2026, with specific appointment booking requirements.
Planning to take home loan? 5 smart ways to maximise your benefits
The amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs, and long-term financial goals such as childrens education, retirement planning, or emergency savings. Ideally, the EMI should not exceed 3540% of your monthly take-home income.
MAS Financial Services Q4 results: Net profit climbs 25% on robust lending growth
MAS Financial Services to pay dividend of 0.75 per share
Visa card payments in the UAE are now faster. Visa has partnered with Emirates NBD for local processing of card transactions in UAE Dirhams. This means domestic Visa card payments for shopping, dining, and travel will be processed locally. Consumers will experience quicker transactions without any changes to how they use their cards.
PF withdrawal issues? Fix these EPS errors to avoid PF claim rejection and pension loss
The Department of Posts now mandates quoting Permanent Account Number (PAN) for specified transactions. Individuals without a PAN must submit Form No. 97 with complete details. These changes, part of the Income-tax Rules, 2026, also introduce Form 121 to replace Forms 15G and 15H for TDS exemption claims.
Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?
EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly considering an increase from the current Rs 1,000. This move is expected to benefit many eligible EPFO members.
Parag Parikh Flexi Cap among top 5 flexicap funds with highest risk-adjusted returns. Check details
Sharpe ratio measures risk-adjusted returns, showing excess return per unit of risk. Top flexi-cap funds deliver strong three-year performance with relatively high Sharpe ratios, indicating efficient balance between risk and returns.
Tourists in the UAE can now open digital bank accounts and get debit cards within minutes of arrival. This new biometric-based initiative, a collaboration between the UAE Central Bank, ICP, and ADCB, allows for instant cashless payments. The move aims to boost financial inclusion and accelerate the nation's digital payment ecosystem, enhancing the visitor experience.
PAN now mandatory for big transactions: Form 97 route restricted; check new rules
PPFAS Mutual Fund among 15 AMCs to offer voluntary lock-in for folios. Here is how Sebis rule works
Mutual fund investors can now temporarily block withdrawals and debits from their folios, with 15 AMCs, including PPFAS Mutual Fund, rolling out a voluntary lock-in facility. This Sebi-introduced framework offers enhanced safety and control, applicable to both demat and non-demat holdings, and is accessible via MF Central.
RBI's ECL norms may cause up to 120 bps one-time hit for banks: Crisil
Reserve Bank of India's (RBI) proposed shift to an expected credit loss (ECL) framework could lead to a one-time net impact of up to 120 basis points (bps) on banks' Common Equity Tier-1 (CET-1) ratios, though the overall credit profiles of lenders are expected to remain stable says Crisil Ratings.
386% return on SGB final redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.86 lakh
The Reserve Bank of India has announced the final redemption price for Sovereign Gold Bonds SGB 2018-19 Series-I, maturing on May 4, 2026. Investors will receive Rs 14,901 per unit, representing a nearly 386% absolute simple return on the initial investment.
Q4 Results Today, May 1, 2026, Live Updates: Catch live updates
Equity mutual funds saw strong performance in April 2026. Nearly 25 funds delivered over 25% returns, led by sectoral and thematic options. Many funds offered double-digit gains, while a few experienced minor losses. Investors are advised to consider SIPs for flexi-cap funds and include mid-cap options for consistent performance amid expected market fluctuations.
Kotak Mutual Fund temporarily suspends subscriptions in its 4 international funds
Kotak Mutual Fund has temporarily restricted subscriptions in four international funds, allowing investments up to Rs 1 lakh per PAN per month. The move reflects ongoing limits on overseas investments. Existing SIPs will continue, while fresh inflows are capped. The funds have delivered strong returns over the past year.
Do recruiters check your social media? What hiring managers really look for
Companies now check social media profiles before hiring. Recruiters look for how candidates communicate and present themselves online. This offers a real-time view into their thinking and professional judgment. Social media is becoming an extension of a candidate's professional identity. It helps employers gain a clearer picture beyond traditional resumes. This practice is becoming more common in the hiring landscape.
Best mutual fund SIP portfolios to invest in May 2026
ETMutualFunds presents recommended mutual fund portfolios for May 2026. These portfolios cater to conservative, moderate, and aggressive investors. They are designed for SIP investments across various amounts. The selection methodology considers rolling returns, consistency, downside risk, outperformance, and asset size for equity, debt, and hybrid funds. This guide helps investors build portfolios for long-term goals.
From Marwari horse to Paris runways: 7 ways India and Herms forged a designer connection
Gold loan guide: 7 things you must know before you pledge your gold
A Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father, and mother. The Income Tax Appellate Tribunal Mumbai accepted his explanation for a significant portion of the amount. The tribunal ruled in his favor, partially deleting the unexplained cash addition.
UPI clocks 314 lakh crore transactions in FY26, marks 10-year milestone
This marks a more than 4,000-fold increase in value since its launch in 2016, alongside a nearly 12,000-fold surge in transaction volume.
PSBs hire over 50,000 staff in FY26; NARCL accelerates recovery efforts
The hiring trend reflects a steady rise in workforce across PSBs, driven by growing business needs and financial inclusion goals.
Central Bank of India reports 30% decline in Q4FY26 at 724 cr
Net profit impacted as the Bank took a one time impact of recognition of Deferred Tax Asset (DTA)
Oriserve launches AI platform for BFSI operations
Oriserve services are aligned with RBI guidelines, GDPR and ISO 27001 standards
Equitas Q4 profit surges on higher levels of business
The profit grew 136 per cent sequentially
Q4 ResultsHighlights Today, April 30, 2026:
ESAF Small Finance Bank post 24 crore net profit for Q4 FY26
Total business stood at 48,276 crore, registering a year-on-year growth of 14.8 per cent
Banking built on judgment, and not just models, says RBI Deputy Guv
His lecture tied in three strands together theory, practice, and supervision to argue that finance must ultimately serve a public purpose
Cholamandalam Investment and Finance Q4 profit up 30% y-o-y, makes provision for geopolitical risks
The highest AUM growth came in the Loan Against Property (LAP) business, with the AUM of 52,295 crore as of March 31, 2026 registering a growth of 26 per cent y-o-y
Public insurers should focus on investment, expansion to semi-urban areas: DFS secretary
DFS secretary Nagaraju emphasises need for developing new and innovative customised products to meet the requirements of the younger generation and to provide coverage for emerging risks
Edelweiss Financial Services Q4 net profit drops 16% to 132 cr
Total income declined to 1,969.28 crore during the quarter from 2,343.26 crore in Q4 FY25
Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is crucial for filing Income Tax Returns for Assessment Year 2026-27. Employers must issue this statement for employees earning over Rs 1.5 lakh annually. This ensures accurate reporting of all benefits received.
IDBI Bank Q4 results: Net profit drops 5% to 1,943 crore
Net profit impacted by fall in operating profit to 3,043 crore from 3,195 crore a year ago
SEBI approves change of control at RBL Bank in Emirates NBD stake deal
Emirates NBD's proposal to buy a 60% stake in RBL for $3 billion was announced in October 2025
PhonePe surpasses 700 million registered users
This milestone highlights PhonePes population-scale reach in India and the breadth of its digital platform offerings across payments and financial services distribution
NFO Alert: Union Mutual Fund announces launch of equity long short fund under Arthaya SIF
Union Mutual Fund has launched its Arthaya Equity Long Short Fund under the new SEBI SIF framework. This strategy aims to generate returns across market cycles by combining long equity positions with selective short exposure, bridging the gap between traditional and alternative investment products.
Gold prices saw a slight dip on April 30, 2026, across major jewellery brands. However, retail rates from the India Bullion and Jewellers Association showed a modest rise for gold and silver. This movement occurred amidst ongoing global geopolitical factors influencing the precious metal markets. Consumers observed varied price points for different gold purities.
NPS charges explained: PFRDA clarifies CRA, PRAN, AMC rules; provides Atal Pension Yojana update
NPS charges: PFRDA has issued new clarifications on National Pension System charges. Annual Maintenance Charges for Tier II NPS accounts will now match Tier I accounts. Dormant accounts will incur a 10% AMC charge.
Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factor
Wipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds as capital gains. This makes tendering shares more tax-efficient for both promoters and non-promoters compared to selling on the open market.
New rules for OCI card holders: Check fees, requirements, application process and other details
Federal Bank plans to buy part of StanChart India's credit card portfolio
The London-based lender has been offloading non-core components in India as part of efforts to boost profitability
ETFs record highest ever net inflows of more than Rs 1.8 lakh crore in FY26: Zerodha Fund House
Indian Exchange Traded Funds experienced unprecedented net inflows of over Rs 1.8 lakh crore in FY26. Commodity ETFs, specifically Gold and Silver, drew more investor interest than equity ETFs. This marks a significant shift, with over half of all ETF inflows directed towards these precious metals. This trend indicates investors are diversifying their portfolios using the ETF structure.
Bengaluru property owners alert: Download e-Khata instantly using SAS ID; heres how
An employee fired for Rs 2 lakh embezzlement has won a significant victory in the Supreme Court. The apex court ruled that the employer's inquiry was flawed as it lacked witnesses. Consequently, the employee's dismissal and recovery order were set aside. The employer now has the option to conduct a fresh inquiry within six months.
ITR filing 2026: How to claim meal card tax benefit before July 31, rules explained
The Employees Provident Fund Organisation is introducing E-PRAAPTI, a new digital portal. This platform will assist members in finding, tracking, and linking their old or inactive EPF accounts. The portal uses Aadhaar-based authentication for secure access. It aims to benefit employees who worked before the UAN system. This initiative will streamline the process of managing past EPF accounts.
You have a nominee for your FD, but what about your crypto and Gmail?
Personal loan mistakes that cost you lakhs: 9 rules every borrower must know before signing
A long family land dispute spanning over 20 years concluded with the Bombay High Court ruling in favor of an adopted son. The court rejected a brother's claim of tenancy over his deceased sister's agricultural lands. The High Court clarified that a brother cultivating his sister's land is considered a family member, not a deemed tenant.
Got a salary hike? Heres how much you should step up your mutual fund SIP
During salary hikes, investors should consider increasing SIPs to beat inflation, boost wealth, and match goals. Step-up SIPs help automate growth, but regular reviews ensure affordability, flexibility, and proper portfolio balance.
The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond 2019-20 Series-VI. Investors can redeem these bonds from April 30, 2026. The redemption value is fixed at Rs 14,931 per unit. This represents a significant return on the initial investment. SGBs are government securities offering an alternative to physical gold.
Bank Holidays May 2026: Full list of dates & closures
Bank branches will observe multiple closures in May, with the holiday schedule varying from state to state based on regional festivals and local observances
Best short duration mutual funds to invest in April 2026
Short duration mutual funds offer investment opportunities for one to three years. These funds invest in instruments like treasury bills and corporate bonds. They provide a moderate risk profile, less than long-term funds but more than liquid options. Investors seeking stability for short-term goals can consider these schemes.
NRI but using resident savings account? Heres what you must know about NRE, NRO, and FEMA rules
NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significant penalties and operational issues. Understanding the differences between NRE and NRO accounts is crucial for managing finances effectively abroad.
Wrong EPF joining or exit date? This small error can cost you big; Heres how to fix it fast
Small errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact your pension eligibility. Employees must regularly check their records. Correcting these dates is now easier, but prompt action is crucial to avoid future complications. Ignoring these details can create significant roadblocks when accessing your hard-earned money.
Fed keeps rates unchanged; Powell to stay on after chair term
Jerome Powell said he will remain on the Federal Reserve board after his term as chair ends, citing ongoing legal pressures and institutional concerns
RBI overhauls framework for Banks for handling loans affected by natural disasters
A natural calamity is as any event recognized under official disaster relief frameworks such as the National or State Disaster Response Funds.
Subrat Mohanty reappointed as Axis Bank ED; RBI clears three-year extension
His new term will run from August 17, 2026, to August 16, 2029
Bajaj Finance reports 23% increase in standalone net profit at 4,839.5 cr
Vice-Chaiman & Managing Director Rajeev Jain has expressed his willingness to step down from the Company
Mohandas Pai and Vikas Khemani back Bakhshi
The central bank may turn more aggressive in the market if the rupee breaches the psychologically crucial 95 mark
Indian Bank net rises 11 per cent y-o-y in FY26 on growth in core business
Binod Kumar, MD and CEO, Indian Bank, told mediapersons in an interaction that the public sector lender has exceeded guidance for FY26 on all operational parameters
