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IRDAI slaps 1 crore penalty on ICICI Lombard General Insurance
The penalty was imposed after an onsite inspection conducted during September 2019
NBFCs loans grew at a faster clip of 14.9% in July 2026
Gold jewellery and consumer durables loans gather momentum
ITAT upholds clean slate principle under IBC in IndusInd General Insurance vs IT case
Theadvocates of the assesseeargued that under Clause 9.1.8of the NCLT-approved Resolution Plan, all pending tax proceedings and liabilities concerning RCLs subsidiaries relating to the pre-approval period were permanently extinguished and dismissed
CBI files second chargesheet in Reliance Commercial Finance Ltd case
Three Reliance ADA Group executives are among 17 accused named in the chargesheet. They are: Amitabh Jhunjhunwala, Amit Bapna, and Ramesh Shenoy, as per the CBI
Foreign ownership falls in private banks
FIIs reduced holdings in several private banks in the June quarter, with stakes in HDFC Bank, Kotak Mahindra Bank and Axis Bank declining sequentially
Life insurers' new business premium rises 33.07% to 41,198 cr in August
LIC's new business premium rose 45.26 per cent in August, while private insurers recorded nearly 20 per cent growth, lifting the industry's overall premium mobilisation
Bank unions across the nation are set to embark on a nationwide strike on September 11, 2026, advocating for crucial reforms in the banking sector. This is followed by planned strikesin last week of September an indefinite strike starting October 26.
Gold seized & held as unexplained, lady wins case
Homebuyer wins 14.51 L back+10.80% interest
Are banks closed in Delhi on September 11?
When should you sell profitable equity mutual fund investments for tax-gain harvesting?
Tax-gain harvesting allows investors to sell profitable equity mutual funds and reset their cost basis tax-free by setting off long-term capital gains against carried-forward property losses. Financial experts outline how setting off LTCG against long-term capital losses helps optimize tax efficiency while maintaining core long-term investment strategies.
Former RBI Governor calls for incentives to create more small finance banks
I am sure that Equitas Bank will also make an application at the appropriate time. And if a universal bank license is given to them, it is not a bad idea, said the former RBI Gov
FIIs raise stakes in 9 midcap stocks for four straight quarters; shares surge up to 70% in a year
Over the four quarters through June 2026, FIIs steadily increased their holdings in around 15 BSE midcap stocks
RBL Bank to raise up to $1 billion from overseas investors
In June, Emirates NBD Bank announced the successful completion of the acquisition of a majority stake in RBL Bank through a primary infusion of approximately $2.75 billion (about 26,000 crore)
EPF interest after leaving job at 40: Will you earn interest till 58? Know the rules
An ETMutualFunds analysis reveals that 15 equity mutual funds multiplied lumpsum investments by over 4.3 times in seven years. Small cap and mid cap schemes dominated the performance list, led by Quant Small Cap Fund, which delivered a 7.75x return alongside strong growth across flexi cap and ELSS categories.
Axis BanklaunchesARISE Homecomingto extend hiring beyond geographies
Programme open to overseas students and professionals with up to two years of international work experience
GetePay flags sustainability challenge as UPI displaces cards
The Rajasthan-based company believes the industry may need to move beyond the zero-MDR model for UPI and consider a nominal transaction-linked fee to fund investments
Gold price today: gold prices dropped notably at major Indian jewellery brands, a reaction to an unexpectedly robust US jobs report. This development sparked heightened bets on potential Federal Reserve rate hikes, which in turn affected bullion demand negatively.
RBIs 30-day VRRR auction gets tepid response
Banks offered substantially less than the notified amount as the RBI continued efforts to absorb surplus funds from the financial system
8th Pay Commission latest news: As discussions unfold, employee and pensioner associations are set to engage with the 8th Pay Commission on salary and pension concerns. Their aim is to raise the annual increment rate from three percent to a range of five to seven percent. This adjustment seeks to enhance salary progression over shorter timelines, with projections indicating that increased increments could yield significant earnings growth, bypassing the need for a fitment factor.
Edelweiss Mid Cap, Invesco India Midcap among 9 midcap funds with consistent performance in 5 years
Nine midcap funds stood out for their high performance consistency over the past five years, based on the CRISP Mutual Fund Scorecard for the quarter ended June 2026 by Share.Market by PhonePe. The funds were assessed on performance consistency, risk versus peers, investment style, five-year CAGR and AUM.
HDFC Bank has reduced its MCLR rates on select tenures by up to ten basis points. These revised rates will become effective from September seventh, 2026. Borrowers with loans linked to this regime will experience some financial relief.
RWA earned rent by letting out common areas and collected maintenance from residents and seeked charitable trust registration; ITAT Chandigarh rejects RWAs appeal. Laliet Kumar, a Judicial Member and Manoj Kumar Aggarwal, an Accountant Member of the Income Tax Appellate Tribunal (ITAT) Chandigarh gave this judgement.
RBI announces overnight cash withdrawal after 'technical glitch' at 30-day auction
RBI will conduct an overnight variable rate reverse repo VRRR for 5 trillion rupees ($52.96 billion), after receiving offers for 2.59 trillion rupees for a 30-day auction that provided banks an early redemption option
In the past six months, smallcap mutual funds have delivered excellent returns, prompting investors to reassess their future investment plans. Experts recommend maintaining a careful allocation to small-cap funds, suggesting that any additional investments should be made gradually in the forthcoming months. Investors should prioritize consistent and methodical allocation instead of impulsively pursuing market rallies.
Rs 1.23 lakh tax demand notice sent as man filed ITR with new tax regime but it was processed with old tax regime due to tax consultants error, ITAT Bangalore allows his appeal. Know how Mr Shah won the case.
Bitcoin network says $320 million stolen in latest crypto hack
Liquid Network, which develops a blockchain designed for faster transactions, had roughly 4,000 of the 4,200 Bitcoin held in its Liquid Federation wallet stolen
Power stocks to watch: Suzlon, NTPC among Ambits top picks; Torrent Power gets a miss
Tech Mahindra Share Price Highlights: Tech Mahindra Stock Price History
RBI likely intervened to support rupee, traders say
The rupee was lifted about 0.1 per cent by the intervention and was last hovering at 94.42 per dollar, compared with its close at 94.4850 in the previous session
Best small cap mutual funds to invest in September 2026
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments
Kotak Bank Share Price Highlights: Kotak Bank Stock Price History
SBI Life Share Price Highlights: SBI Life Stock Price History
Bitcoin drops below $80,000 as US jobs data spurs Fed-hike bets
The token fell to as low as $78,649, alongside stocks and bonds after nonfarm payrolls increased 162,000 in August
Coal India Share Price Highlights: Coal India Ltd Stock Price History
Infosys Share Price Highlights: Infosys Stock Price History
Public Insurance Registry: What's for policyholders?
India's Insurance Regulatory and Development Authority of India (IRDAI) has introduced a groundbreaking Public Insurance Registry aimed at streamlining the management of policyholder data. This innovative Digital Public Infrastructure intends to link all parties within the insurance ecosystem, fostering improved operations. Policyholders will enjoy more efficient monitoring of their policies and expedited claims handling, while insurers can utilize standardized data for enhanced risk evaluation and fraud prevention.
Gen Z and homebuying: Generation not loan-ready?
Gen Z is not rejecting homeownership. It is becoming more deliberate about the financial equation behind it. For this generation, a sensible purchase is one where the EMI fits comfortably alongside savings, investments and other financial goals.
Gold vs equity in 2026: Which gave higher returns?
Welcome to TrendMap, your quick guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various asset classes. The annual returns are ranked across multiple asset classes, including equity, debt, and precious metals. This map shows that no single asset class reigns supreme. Hence, diversification helps. By Sameer Bhardwaj.
Why Indian retirees have less equity in corpus
For the longest time, we had a defined benefit plan. Even today, we have around us many retired government and public sector employees (and their widows and dependent children as applicable) earning a lifetime inflation-adjusted monthly pension that is way beyond their contributions during their earning years.
Indias 7.8% growth real? Neelkanth Mishra explains
High-frequency data reveals that India's economy is on an upward trajectory, exhibiting robust growth. An executive highlights vibrant vehicle sales and soaring credit demand. Additionally, corporate earnings show positive trends, with notable increases in capital expenditure. However, the nation is still on the path to fully recovering from the effects of COVID, emphasising the necessity for ongoing reforms to achieve sustainable growth and minimise economic gaps.
Why homemakers may need a term insurance plan
The contributions of homemakers to household management have substantial economic significance that is now being acknowledged by life insurance policies. By considering family finances and the income of a spouse, insurers are able to offer tailored coverage for homemakers. Notably, the premiums for these term plans rival those for income-earning individuals, highlighting the importance of thoroughly understanding the specifics of life cover, whether individual or joint.
UK to India: Tax rules returning NRIs must know
Non-resident Indians should note that leaving the UK doesn't automatically terminate tax residency. Retaining connections might keep your tax status intact even after relocating. Income and capital gains sourced from the UK could still be liable for UK tax post-departure. Additionally, Indian tax residents are required to report foreign assets and income. Seeking professional advice is essential for a smooth financial adjustment when returning to India.
Sugar prices rise: Are sugar stocks set to gain?
India is currently experiencing a sugar shortage, caused by shorter production yields and increased consumer demand. While government initiatives are in place to stabilise prices, they may not adequately address the root supply problems. Additionally, global conditions, such as Brazil prioritizing ethanol production, keep international sugar costs high. Experts foresee a sustained tight market in the coming seasons, leading to greater profitability for sugar firms.
Investing abroad faces a new risk: Economic coercion
Once a country begins to treat access to its markets, its currency and its financial system as instruments of pressure, then the logic will get applied to more and more cases. The fact is that the US has become addicted to coercion through economic measures and not only will this habit be hard to break, it will expand to more and more areas.
India focuses too much on foreign capital: DSP CIO
Anish Tawakley took over as Chief Investment Officer (CIO) at DSP Asset Managers in April after a successful stint as co-CIO at ICICI Prudential AMC. With his contrarian credentials fitting well with DSPs investment approach, Tawakley discusses with Sanket Dhanorkar his plans to refine processes, lessons from the past, style diversity, and his outlook on equity and bond markets.
Can fee-based investment advice survive in India?
In the Indian investment landscape, a stark difference exists between mutual fund distributors who earn commissions and fee-only advisors who charge direct fees. This distinction has left many investors perplexed. Industry professionals have embarked on varying paths, revealing the challenges posed by regulatory complexities and compliance demands. The market is in need of clearer guidelines and supportive regulations to enhance the viability of independent advisory practices.
NCLT special bench stays repayment plan; NCLAT keeps banks appeal pending till October 7
Motor insurance gets more personalised as data takes the wheel
Insurers tailor own-damage add-ons, named-driver plans and mileage-linked premiums
Equity mutual funds delivered up to 6% return last week. Check top 10 performers
IDBI Bank stake sale: Open offer remains a possibility
The transaction could likely raise scam-like fears as in the case Central Electronics Ltd which the Centre had to hurriedly abort, says EAS Sarma, former secretary to government
Indian Bank to set up office in Dubai to expand foreign operations
Bank is exploring the possibility of having a presence in Malaysia and Indonesia.
CBI books Essel Group chairman Subhash Chandra in LIC Housing Finance 1,322-cr fraud case
The CBI took action based on a complaint it received from the LICHFL on August 31, accusing Chandra and others of indulging in cheating, criminal conspiracy, and criminal breach of trust to defraud loans
Highest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESAF, and Suryoday Small Finance Banks provide 8.50% interest. Public sector banks like Bank of India offer competitive rates on specific tenures.
8th CPC: Can Level 7 employees get Rs 58K pension?
CBI books Subhash Chandra for allegedly inflating net worth to secure nearly 1,000 crore in loans
The complaint alleges two loan facilities later went into default, while proceedings under the Insolvency and Bankruptcy Code brought his claims under scrutiny
Edelweiss MFs Altiva Equity Long Short Fund to launch September 10, Radhika Gupta explains strategy
Edelweiss Mutual Fund will launch Altiva Equity Long Short Fund on September 10, targeting consistent large-cap alpha through derivatives. The strategy seeks Nifty 100 outperformance, lower drawdowns and steadier returns, while potentially sacrificing some gains during sharp market rallies.
GIFT IFSC strengthens role as international banking hub, sees bigger role in Viksit Bharat funding
The financial centre raised about $54.2 billion in overseas funds through GIFT IFSC after the RBI allowed India to seek capital abroad
LIC gets RBI approval to acquire up to 9.99% stake in ICICI Bank
The approval comes amid LICs recent expansion of its potential holdings in major private lenders, including HDFC Bank.
HSBC Midcap among 5 midcap funds that delivered over 21% CAGR in 3 years. Do you own any?
Five midcap mutual funds delivered over 21% annualised returns in three years, led by HSBC Midcap at 25.1%. Invesco India, ICICI Prudential, WhiteOak Capital and Edelweiss Mid Cap also featured among top performers.
Gold rate today: Consumers are encouraged to verify purity and any additional fees prior to purchasing. The Indian Bullion & Jewellers Association also offers guidance on indicative rates for assorted gold and silver purities.
Vikas Khemanis Carnelian Asset Management files draft document with Sebi for its first fund
Carnelian Asset Management has filed documents with Sebi to launch its first liquid mutual fund, targeting short-term investors seeking high liquidity and low-to-moderate risk. The open-ended scheme will invest in debt and money-market instruments maturing within 91 days, expanding Carnelians offerings to retail investors.
Explained: Looking to start a mutual fund SIP? Know the different types and which one suits you
SIPs offer disciplined mutual fund investing, with options tailored to different goals, income patterns and market conditions. Regular, top-up, goal-based, step-up, flex, perpetual, trigger and multi-SIPs provide varying levels of flexibility, automation and diversification. Choosing the right type depends on financial goals, cash flow, risk appetite, investment horizon and market knowledge.
The EPFO has now made it possible for users to generate and activate their UAN directly via the UMANG app. This innovative approach incorporates Aadhaar-based facial recognition, streamlining access to essential EPFO services. After activating their UAN, employees can easily check their EPF balance and download passbooks.
Parag Parikh Flexi Cap, HDFC Flexi Cap among 8 flexicap funds with consistent performance in 5 years
Eight flexicap funds delivered consistent five-year performance, with varying risk levels, investment styles and returns. HDFC Flexi Cap led consistency at 91%, while several peers combined strong returns with acceptable or higher risk profiles.
Life Certificate: 6 problems NRIs may face while submitting their life certificate
As per the sale agreement, the villa measured 5069 square feet, but the builder delivered a 3900 square feet villa and said 30% of the area is open space; Telangana RERA slaps a Rs 98 lakh penalty on the builder and orders a Rs 20 lakh refund for the villa buyer. Laxmi Narayana Jannu and K. Srinivasa Rao, esteemed members of the Telangana RERA gave this judgement.
The Reserve Bank of India has announced the premature redemption terms for the SGB 2021-22 Series VI gold bond. Investors can redeem this series starting September 7, 2026, with the redemption value calculated from the average gold prices over the last three business days.
Bengaluru land owner was asked to give up 656 sq m land for road widening work; Corporation withheld OC because of this issue; Owner took the matter to Karnataka High Court and won the case
Scheduled and non-scheduled banks typically close on the second and fourth Saturdays, digital banking services will remain active even on holidays. Furthermore, various regional holidays in September will affect physical branch availability, but customers can continue to perform transactions via internet and SMS banking.
NFRA forms nine-member panel on audit quality, assurance and technology
The panel brings together experts from professional, regulatory, technology and industry backgrounds to advise the audit oversight authority on emerging challenges
80% of FCNR (B) inflows came via the leverage route
Leverage Bets: Five-year deposits dominate; Average leverage is 9 times
RBI to conduct 30-day VRRR auction on Sept 7to suck out 7 lakh cr surplus with banks
This comes in the backdrop of the banking system being awash with liquidity
IRDAI cautions on fake website for insurance grievances
IRDAI also cautioned against making payments or sharing banking and financial credentialsor other confidential information
Sundaram Home Finance to expand emerging business segment in TN
Planning to open over 10 branches in small towns in TN under this segment
The Latest Fixed Deposit Interest Rates: Sep 04, 2026
The Latest Fixed Deposit Interest Rates: Sep 04, 2026
Axis Bank, Scapia launch no-fee travel credit card
Offers zero foreign exchange markup, airport privileges, and rewards on both travel and everyday spending
Air India has teamed up with IHG Hotels & Resorts, providing an exciting opportunity for Maharaja Club members to earn points during IHG stays globally. Moreover, IHG One Rewards members can seamlessly convert their points into Maharaja points.
Star Health settles 17 lakh+ claims worth 5,800 crore in Keralam
In Q1FY27, the company recorded GWP of 518 crore in the State and covered 5.3 lakh+ lives, with over 99% of its portfolio comprising retail health
A weak start does not necessarily mean an SIP will deliver poor long-term returns. A 20-year analysis by ShareMarket by PhonePe shows that most five-year SIPs recovered from weak or negative returns in the first two years, with nearly 69% eventually delivering double-digit annualised returns. The data also highlights how extending the investment horizon to seven or 10 years can significantly reduce loss risk and improve return consistency, underscoring the importance of patience and compounding in equity SIPs.
HDFC Bank, Ujjivan SFB start CEO search amid leadership changes in private banks
Kotak Mahindra Bank and Fino Payments Bank are reportedly at the advanced stage of appointment process
Mutual fund NFOs: 12 new funds are open for subscription now. Check details
UTI BSE India Sector Leaders ETF, Zerodha Life Cycle Fund 2031, Monarch Overnight Fund, Motilal Oswal Quality Fund, Navi Nifty REITs & Realty Index Fund, NFO, mutual funds, mutual fund news
Moving abroad? Know what happens to your NPS account after you become an NRI
Non-Resident Indians are permitted to maintain their National Pension System contributions from abroad. To remain involved, they must utilize NRE or NRO accounts for their investments. NRIs can select either active or auto allocation strategies aligned with their individual risk preferences.
Top 8 equity mutual funds deliver over 40% returns on SIP investments in 1 year. Do you own any?
The top eight equity mutual funds delivered over 40% returns on SIP investments in the last one year, with seven smallcap funds and one focused fund making the cut. Bank of India Small Cap Fund topped the list with a 49.99% return, while 247 of the 293 equity funds analysed delivered positive SIP returns during the period.
SBI Small Cap, Kotak Small Cap among 8 small-cap funds that lacked consistency over 5 years
Eight small-cap funds recorded low performance consistency over the past five years, with scores ranging from 20% to 46%, according to the CRI Mutual Fund Scorecard for the quarter ended June 2026. LIC MF Small Cap Fund had the highest consistency score at 46%, while Kotak Small Cap Fund ranked lowest at 20%.
How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero forex markup on international transactions? This new co-branded credit card offers unlimited domestic lounge access, complimentary dining, among a host of other benefits, and most importantly, it is a lifetime free offering.
Will you get EPF interest till 58 years of age if you leave job at 40? EPFO explains
Even if you've left your job, your EPF interest keeps accumulating until you turn 58. However, if you dont contribute for three years, your account will be inactive. Its usually a smart move to transfer your EPF balance to your new employer. Additionally, the VISHWAS, 2026 scheme provides businesses with a one-time settlement option to ease long-standing disputes and reduce penalties.
Abrupt CEO successions in private banks test focus on strategy
The recent unexpected exits of CEOs from two of the largest private sector banks, HDFC and Kotak Mahindra Bank is set to test that confidence, even as those lenders boast of strong balance sheets, with bad loans near multi-year lows and capital levels robust, analysts say.
