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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:
Credit life cycle management firm Oolka raises $14 million in Series A round
The capital will be used to scale Oolkas AI engineering team and expand its agentic capabilities beyond credit, and grow the companys partnerships with banks and NBFCs
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
Federal Bank to acquire select credit card portfolio from StanChart India
The transaction values the portfolio at 1.5 to 1.6 times implied equity as estimated by Federal Bank.
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
Can Rs 70 lakh grow to Rs 5 crore? Expert says a 10% step-up SIP may fall short of the goal
A 55-year-old investor targeting Rs 5 crore from a Rs 70 lakh corpus may fall short with a 10% step-up SIP, experts caution. Even with 1314% returns, projections remain below target. Increasing SIP contributions and timely portfolio derisking are critical to improving outcomes and protecting gains near retirement.
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.
Zerodha Fund House CEO Vishal Jain advocates for low-cost index funds and ETFs as the core of long-term portfolios, emphasizing asset allocation for broad exposure and simplicity. He believes passive products offer transparency and cost-effectiveness, making them ideal building blocks for investors navigating uncertain markets.
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.
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
Bank credit growth slows to 14.88% in April fortnight, says RBI
The moderation follows a strong surge in the previous fortnight driven by year-end balance sheet adjustments.
Dubai has removed the minimum property purchase value for sole owners seeking a two-year real estate investor residency visa. For jointly owned properties, each investor now needs a minimum share of Dirham 4 lakh. This change significantly eases previous requirements for property investors.
8th Pay Commission implementation date: Salary hike, OPS demand, arrears calculation explained
The 8th Pay Commission has extended the deadline for memorandum submission to May 31, 2026, a month after the NC-JCM requested the extension. While the new date accommodates many employee and pensioner groups, the commission will only accept online submissions via a specified link, rejecting all physical copies, PDFs, and emails.
ICICI Bank now allows users to authorize UPI payments up to Rs 5,000 using fingerprint or face recognition on its iMobile app. This feature eliminates the need for a UPI PIN for smaller transactions, enhancing speed and security. The biometric option is available on the latest app versions for Android and iOS.
Planning your investments now? Heres how these 6 mutual fund calculators can help
Mutual fund calculators help investors estimate returns, plan investments, and achieve financial goals through tools like SIP, step-up SIP, SWP, lumpsum, and index calculators. They simplify decisions, improve clarity on growth, and enable disciplined, goal-based financial planning with realistic assumptions.
IOBs net profit crosses 5,000-crore mark in FY26
Profit surges 56% on lower provisions and stronger credit growth
According to the report, growth projections for the US economy have been revised downward
HRERA, in its April 7 order, ruled in favour of two allottees who had lodged a complaint against M/s KNS Infracon Pvt Ltd and its associate developer in the Capital Gateway project. They had booked a 2,675 sq ft flat each, paid over Rs 1.8 crore.
Vested Finance has transitioned to the IFSCA GAP framework, enabling Indian investors to access US stocks through GIFT City. This move introduces an Indian regulatory layer, ensuring client fund segregation and structured onboarding, enhancing safety and clarity for cross-border investing.
Sukanya Samriddhi account interest rate 2026: Has SSA rate changed for AprilJune quarter?
City Union Bank will continue focus on trust, customer service, and ease of banking, says new MD
We are not looking to bring in any drastic changes to a system that has seen robust growth over the last 15 years, said Vijay Anandh, the incoming MD and CEO of City Union Bank
Planning to invest lumpsum for 5 years? Here are top 5 mutual funds that lead the chart
Avoid EPF claim rejection by updating your KYC online through UAN; Follow this 5-step process
Members no longer need to fill any lengthy physical forms, or pay an office visit anymore. All they need to update EPF KYC online is their Aadhaar details and internet. Heres a look at a simple step-by-step guide for updating EPF KYC online and avoiding claim rejection.
FCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the Act. Once the individual becomes a resident and Ordinarily Resident (ROR), the FCNR interest becomes taxable in India from that date, even if the deposit was opened earlier, Sehgal explains.
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it works
A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting foreign assets, including ESOPs. This scheme aims to reduce penalties and litigation under the Black Money Act, offering relief for inadvertent reporting errors and missed disclosures.
Groww Banking & Financial Services and 4 other banking sector funds had cash allocation up to 9%
Banking sector mutual funds held up to 9% of their assets in cash as of March 31, 2026, signalling a cautious stance amid market conditions. Groww Banking & Financial Services Fund topped the list, followed by Taurus, LIC MF, Baroda BNP Paribas, and Mahindra Manulife funds with notable cash allocations.
UAE OPEC exit signals de-dollarisation, positive for India's Oil for rupee: Kotak Securities
Impact hinges on Hormuz supply normalisation, says Anindya Banerjee
Edelweiss Mid Cap Fund among 13 equity mutual funds to offer over 20% CAGR in 3 and 5 years
A recent analysis revealed that thirteen equity mutual funds have delivered over 20% CAGR in both the last three and five years. Among these top performers, seven were midcap funds, four were smallcap funds, one was a multicap fund, and one was a large and midcap fund. These funds represent strong historical performance in the Indian mutual fund market.
Lok Adalat in Noida on May 9: Settle traffic challans & cases quickly; heres how
A Lok Adalat will be held at Surajpur Court in Noida on May 9, 2026. This event offers a chance to quickly settle pending UP police traffic challans and various other cases. Citizens can resolve matters like motor accident claims, matrimonial disputes, and civil cases through mutual consent.
Paytm's approach with Paytm Payments Bank secures core business growth, profitability
Post the regulator's action in 2024, Paytm transitioned to a multi-bank model for its UPI services, partnering with leading banks to ensure uninterrupted payments for its users
ICICI Prudential Mutual Fund announces change in fund management of two funds
ICICI Prudential Mutual Fund has announced changes in fund managers for two schemes effective May 1, with S Naren exiting both. The Passive Multi Asset FoF and Global Advantage FoF will see revised management structures. The update comes amid ongoing reshuffles within the fund houses portfolio management teams.
Targeting 14% CAGR with mutual funds? Heres how to fix your portfolio & boost outcomes
A 33-year-old investor's ambitious 14% CAGR target with mutual funds was deemed unrealistic by a financial planner. The expert advised aligning expectations with historical equity returns of 11-13% and suggested consolidating the portfolio for better impact and avoiding over-diversification.
The richest, exhausted people in the room: India's high-CTC burnout epidemic in 8 takes
Fake job listings on the rise; 3 smart ways to spot ghost hiring
Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27
Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clarifies interest computation for past tax years and allows tax refunds to be set off against demands under either the old or new Income Tax Acts, simplifying processes for taxpayers.
Best medium to long duration funds to invest in April 2026
According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky.
After a pay raise, how much more should you put into SIPs?
Following a salary hike, investors face the question of increasing monthly SIP contributions. Financial planners advise annual increases to combat inflation and align savings with rising income and goals. Automating these increases via step-up SIPs or top-ups is an option, though manual reviews are also recommended to adapt to real-world financial changes.
JPMorgan CEO flags risk of sharper private credit downturn
While noting that the $1.8 trillion private credit market may not pose systemic risks, Dimon flagged concerns about potential stress for some firms and banks
Dhanlaxmi Bank post 43.49 crore net profit in Q4 FY26
The net profit for the whole FY26 was 102.75 crore compared to 66.64 crore; Operating profit for the period was 216.28 crore against profit of 95.10 crore in the last financial year
Punjab & Sind Bank plans to raise 3,000 crore through stake sale
The board has given approval for fund mobilisation of 10,000 crore through various instruments
Star Health posts net profit of 111 crore in Q4 on business growth
Net earned premium for Q4FY26 grew around 14 per cent year-on-year to 4,327 crore
Bank of Baroda launches Indian Sign Language support through video calls
The public sector bank said the ISL service is available across five key customer touch points: website, mobile banking app, WhatsApp Banking, Phygital Branches, and ADI (GenAI-powered chatbot)
RBI launches capacity-building training initiative for UCB
The Mission is expected to enhance managerial and operational capabilities, improve the compliance culture, and strengthen institutional resilience across UCBs, per a RBI statement.
Bandhan Bank Q4 net up 68% at 534 crore on lower provisions
The Kolkata-headquartered banks net profit for the fourth quarter of FY25 stood at Rs 317.90 crore
Punjab & Sind Bank plans 3,000-cr share sale this fiscal
Currently, the government of India holds a 93.85 per cent stake in Punjab & Sind Bank
Gold prices saw a dip on April 27, 2026. Leading jewellery brands like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds reported lower rates. The India Bullion and Jewellers Association also confirmed the decline. Consumers can check updated rates for 18k, 22k, and 24k gold across major cities. This offers a potential buying opportunity for gold enthusiasts.
Indian fintech funding holds steady at $513 million in Q1 2026; deal volume halves
Total funding saw a marginal 2% increase from $503 million in Q1 2025, though it declined 9% sequentially from $562 million in Q4 2025
8th Pay Commission Delhi meetings: Key demands, timeline & expected salary hike explained
SBI Life witnesses better premium growth rate in April, says MD & CEO Amit Jhingran
While we continue to exploit all the opportunities that are available on the bancassurance side, we also see opportunities that are available in the market to strengthen our agency channel as well
Bandhan Small Cap Fund, 6 others deliver over 20% CAGR since inception. Should you bet?
Bandhan Small Cap Fund has delivered the highest CAGR since its inception on February 25, 2020. The fund generated a CAGR of 28.79% and managed AUM of Rs 20,129 crore as of March 2026.
ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deducting TDS), which has been credited to my salary account. If I gift this amount to my wife and she puts it in a fixed deposit, will the interest earned be taxed in my hands or hers?
HSBC Mutual Fund announces launch of its SIF platform, RedHex
HSBC Mutual Fund introduces RedHex SIF, a new specialized investment fund in India. This offering provides investors with focused strategies and portfolio flexibility. It operates within the familiar mutual fund structure, emphasizing transparency and governance. RedHex SIF targets experienced, institutional, and HNI investors with a minimum investment of Rs 10 lakh.
Silver outperforms gold, equity, and bonds over 10 years. Heres how
Over the past decade, silver has outshone gold, equities, bonds, and real estate to become the best-performing asset class, driven by strong long-term returns and favourable supply-demand dynamics.
Rising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an add-on to existing insurance. A detailed comparison of plans from Care, HDFC Ergo, Aditya Birla, ICICI Lombard, and Niva Bupa helps policyholders choose the best fit for their needs and budget.
Staying late at work? Heres what Indias new labour laws say about overtime pay
Flipkart, Axis Bank and PayU launch biometric card payments, ditching OTPs
The feature is currently live for Axis Bank cardholders on supporting Android and iOS devices
