35 C 
H P Singh and Roy Varghese elected as new members on board of Sa-Dhan
Following the elections, the board was reconstituted with K Paul Thomas, Managing Director and Chief Executive Officer of ESAF Small Finance Bank, as chairperson
PhonePe wallet inactivity fee explained: No impact on UPI payments or bank accounts
PhonePe has clarified rules around dormant prepaid wallets after users raised concerns over inactivity charges. The company said wallet balances, UPI transactions and linked bank accounts follow separate systems with different operating rules
New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater transparency and formalization of employment terms.
Supervisory Data Quality Index score of small finance banks and private sector banks drops
The SDQI of public sector banks declined marginally by 0.3 in March 2026 as compared to December 2025; overall, the SDQI score of scheduled commercial banks declined marginally by 0.2 in March 2026
Tata Technologies among top 5 smallcap stocks that saw highest mutual fund buying in May
HDFC Mutual Fund: SBI, RIL, and Eternal among top 10 stocks holdings in May
Top 7 flexi cap mutual funds to invest in June 2026
Gold rate today: Gold prices have seen a dip this week following a de-escalation in global tensions. As of June 20, 2026, 22k gold rates at major retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas remain stable.
Retirement savings gap after a career break? Expert shares how to recover without taking big risks
Career breaks, common for women, can impact retirement savings. Experts advise accepting the situation and implementing a catch-up plan by temporarily increasing investments. Utilizing bonuses and reviewing portfolios for better returns are key. While aiming for higher gains, avoid excessive risk. Disciplined investing and strategic cash-flow management can help bridge the gap and secure financial independence.
The Telangana High Court gave relief to a wife by granting her divorce after it was found that her husband had misrepresented his age which resulted in her parents incorrectly matching their horoscope. The high court observed that due to this false fact about his date of birth and also the horoscope matching, she mistakenly believed that both of them were compatible with each other.
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive rates are available, investors should be aware of the DICGC insurance limit of Rs 5 lakh. The article also clarifies TDS rules on FD interest, explaining how senior citizens can avoid deductions by submitting Form 15H if their total income falls below taxable limits.
A Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Tribunal ruled that the fair market value of the surrendered tenancy rights should be considered the cost of acquisition, not nil. This decision significantly reduced the tenant's capital gains tax liability on the Rs 38.62 lakh sale, recognizing the economic value of his original rights.
Saturday bank holiday: Are banks open or closed today on June 20, 2026?
Bank holiday: Indian banks operate on a mixed schedule, with closures on Sundays and the second/fourth Saturdays. While many services are digital, certain transactions like account opening, signature updates, and large cash movements still necessitate a branch visit.
For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.
RBIs seeks daily data from banks under its limited period measures to attract foreign capital
Foreign capital measures, including FCNR deposits, ECBs, and OFCBs, to attract investment
Zerodha Capital loan book jumps past 580 crore as profit rises
Zerodha Capital's total income increased to 53.5 crore in FY26 from 37.1 crore a year earlier, while total assets rose to 641 crore from 433 crore
Home loan insurance: Protecting the dream home without paying more than you need to
Home loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabilities in unforeseen circumstances. With rising homeownership and larger loan sizes, more borrowers are actively seeking protection solutions that offer both affordability and flexibility. The article explores the benefits of home loan insurance, evolving consumer preferences, and the growing importance of transparency and choice. It also highlights recent regulatory measures aimed at strengthening consumer rights and preventing mis-selling.
The Latest Home Loan Interest Rates: Jun 19, 2026
The Latest Home Loan Interest Rates: Jun 19, 2026
The Latest Fixed Deposit Interest Rates: Jun 19, 2026
The Latest Fixed Deposit Interest Rates: Jun 19, 2026
EPFO: When can you get 8.25% EPF interest amount in your provident fund account?
EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the government has officially ratified the rate. This annual interest is calculated on a monthly running balance, ensuring no loss for members even with delayed crediting. Subscribers can easily check their updated balances through the EPFO portal or the Umang app.
Gold and silver prices have fallen up to 12% this month; is it time to buy?
Gold and silver prices have dropped sharply this month as easing Iran-US tensions dampened safe-haven demand. Experts advise existing investors to avoid panic selling, as the long-term outlook remains positive. New investors can use the correction to invest gradually through SIPs in ETFs, while maintaining a 10-15% portfolio allocation to precious metals.
Has Form 168 replaced Form 26AS for FY 25-26? Here's what taxpayers need to know for ITR filing
Form 168: The Income Tax Department has unveiled Form 168, a comprehensive upgrade to the Annual Information Statement, effectively superseding the traditional Form 26AS. This new form consolidates all tax-related and financial transaction data linked to your PAN, offering a holistic view of your tax compliance. It's automatically generated, so taxpayers don't need to file it.
Four mutual fund houses, Axis, ICICI Prudential, SBI, and Nippon India, attracted over Rs 10,000 crore each from T30 cities in May, boosting monthly AAUM and highlighting strong investor participation.
Mirae Asset Mutual Fund: RIL, Infosys and SBI among top 10 stock holdings in May
Mirae Asset Mutual Funds May 2026 portfolio shows HDFC Bank, ICICI Bank, RIL, SBI and Infosys among its top holdings. While allocations remained largely stable, select stocks saw marginal changes in weight. The fund house managed Rs 2.31 lakh crore in assets across 96 schemes during the month.
While individuals take numerous steps to multiply their wealth to build a notable fortune, little do they plan for what to do next. For someone who has become rich, it would be hard to resist the demands because of the simple reasonthey can now afford things.
Sukanya Samriddhi Scheme: Can SSY make your daughter a crorepati?
Gold rate today: Gold prices are down today across India. This follows a drop in domestic bullion rates. Consumers planning to buy gold jewellery will find lower prices. Experts suggest gold may target further support zones.
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment
NRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, NRIs can leverage Double Taxation Avoidance Agreements (DTAAs) to potentially lower their tax burden or claim credits in their country of residence, avoiding double taxation.
New RBI rules for NRIs and OCIs: Key changes in investments, NPS and money transfers
HDFC Bank shares in focus as stock turns ex-dividend; board extends Keki Mistrys tenure as chairman
The stock traded at 779.35 on the NSE at 11.36 am, after opening at 788.70 against its previous close of 799
The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is for individuals and HUFs with business or professional income. Taxpayers not eligible for simpler forms must use ITR-3. The due date for salaried individuals is July 31, 2026.
PMS vs mutual funds: What extra are investors paying for, and is it worth it?
AI is coming for your job, but what If it also paid you $60,000 a year?
Your gold is sitting idle. A step-by-step guide to how you can lease it and earn a tax-free income
When Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment and thus he filed his income tax return (ITR) on October 29, 2021. In his ITR he declared a total income of Rs 31.62 lakh after claiming tax exemption for the entire amount of leave encashment under Section 10(10AA)(ii).
NFO Alert: Zerodha Fund House launches 2 target-date Life Cycle funds
Zerodha Fund House has launched Indias first target-date Life Cycle Fund series, offering two schemes: 2036 and 2041 maturities. The NFO is open till July 7, with continuous subscription to follow. Built on a rule-based approach, the funds dynamically adjust asset allocation over time and aim to serve investors across different life stages and long-term goals.
Short-bond rally faces risks from cash drain, analysts say
DBS Bank Ltd. expects the central bank to deploy a stronger tool in August by requiring banks to keep a larger proportion of deposits with the RBI
Best banking & PSU mutual funds to invest in June 2026
Banking and PSU debt funds offer a relatively safe investment avenue for investors looking for a few years. These schemes primarily invest in debt instruments of banks and public sector undertakings, which are largely government-backed, minimizing credit risk. While interest rate fluctuations can impact returns, these funds are generally better positioned due to shorter duration investments.
A car buyer has won a significant victory after a nearly three-year legal battle. His seven-month-old MG CVT automatic car experienced Electronic Steering Column Lock failure, leading to a jammed steering wheel and an accident. The North Delhi Consumer Commission has ordered MG Motors to refund the car's purchase price of Rs 18.
Tokenised gold is emerging as a new investment option in India. It uses blockchain to represent physical gold digitally. Investors can trade tokens easily, even in small amounts. However, this new product lacks regulation and faces high taxes. Experts advise caution and suggest it as an experimental investment.
RBL Banks board reconstituted following Emirates NBD Bank taking majority stake
This will enable RBL Bank to be positioned as a leading large bank, going ahead
SBI sets out digital, green growth path; Govt earns 8,800 crore dividend
SBI outlines a digital, sustainable growth strategy, pays an 8,800 crore dividend for the government amid strong profitability
RBIs balance sheet expands even as global peers contract
Data from central bank reports show a widening contrast between emerging and developed economies
SBI Board approves 60,000 crore fundraising plan for FY27
SBI has been actively tapping the bond market in recent months as part of its capital planning
Sify Infinit Spaces secures sustainability-linked loan of $70 million from IFC
IFC will also work with SISL to mobilizse up to $300 million to support the companys growth and expansion in India
IRDAI forms AI working group to guide insurers
The proposed regulations provide for consultation with the Insurance Advisory Committee in accordance with the provisions of the IRDA Act, 1999
Muthoot Fincorp launches NCD issue
The company stated that net proceeds from the issue will be used for lending, financing, repaying existing borrowings, and general corporate purposes
IIFL Capital Services launches next-gen algorithmic trading platform
The platform offers access to more than 100 ready-made algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base
PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providers
The Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo audits. This directive, effective from April 1, 2026, to March 31, 2027, ensures compliance with NPS rules, KYC norms, and proper handling of subscriber funds.
EPFO: Has Employees' Provident Fund Organisation changed 8.25% EPF interest rate for FY25-26
EPF interest rate: The government has approved an 8.25% interest rate for Employees Provident Fund deposits for the fiscal year 2025-26. This rate remains unchanged for the third consecutive year. Over seven crore members are expected to receive this credit soon. Members can check their EPF balance through the Umang app, EPF member e-sewa portal, missed calls, or SMS.
Emirates NBD completes acquisition of majority stake in RBL Bank with $2.75 billion investment
The transaction, which was announced on October 18 last year, was completed after receiving all regulatory approvals and fulfilment of closing conditions
Quant Mid Cap Fund: Adani Energy and Paytm among stocks bought and sold in May
Quant Mid Cap Funds AUM rose to Rs 8,109 crore in May. The fund added Adani Energy, Indus Towers, Lenskart Solutions, Persistent Systems and Torrent Pharmaceuticals, exited select holdings, raised exposure to Nippon Life India Asset Management and adjusted sector allocations across telecom, power and financial services.
ICICI Prudential Mutual Fund: RIL, Infosys and HDFC Bank among top 10 stock holdings in May
ICICI Prudential Mutual Fund remained Indias second-largest AMC with an AUM of Rs 11.78 lakh crore in May 2026. HDFC Bank and ICICI Bank were its top holdings, while allocations also remained significant in RIL, Axis Bank, Infosys, L&T, Bharti Airtel, Sun Pharma, Maruti Suzuki and NTPC.
Mutual funds added these 4 new stocks to their portfolios in May. Check details
Mutual funds introduced four new stocks into their portfolios in May, according to Prime Database disclosures. Afcom Holdings saw the highest inflows, followed by Q-Line Biotech, Ratnaveer Precision Engineering and Paramount Communications. These additions reflect ongoing portfolio reshuffling by fund houses to capture emerging opportunities across segments.
Gold prices remained largely steady across major Indian cities on June 18, 2026, with 22k gold jewelry priced at Rs 13,895 per gram at Tanishq and Rs 13,850 per gram at other leading brands. The India Bullion and Jewellers Association (IBJA) reported a marginal decline in gold rates and a fall in silver prices compared to the previous day.
Paying rent but not receiving HRA? Heres how non-salaried individuals can claim tax deduction
Self-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Section 80GG of the Income Tax Act. This deduction, capped at Rs 60,000 annually, is available only under the old tax regime and requires filing Form 10BA. HRA exemption and Section 80GG are mutually exclusive.
Explained: Thinking of investing in life cycle funds? Here's what investors should know
Tax-free income in India: 8 types of income you dont need to pay any tax on
Tax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provident fund withdrawals to gifts from relatives and insurance payouts, understand how to keep more of your money.
5 midcap mutual funds deliver over 20% return in 3 years. Are there any included in your portfolio?
Five midcap mutual funds have delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund. ICICI Prudential, Invesco India, WhiteOak Capital, and Nippon India Growth also featured among top performers, reflecting strong midcap segment momentum and consistent investor interest in higher-growth equity funds.
A man has won Rs 15,000 compensation after a Jalandhar restaurant charged him Rs 151.53 as service charge. The Consumer Commission ruled the charge was an unfair trade practice. The restaurant claimed it was staff contribution but bills showed service charge. The commission found no proof of consent for the mandatory levy.
JioBlackRock Flexi Cap Fund exited Adani Enterprises, Adani Ports and three other stocks in May while adding Tata Motors and 14 new stocks to its portfolio, according to monthly disclosures. The fund sold 40,731 shares of Adani Enterprises worth Rs 9.80 crore and exited 76,122 shares of Adani Ports during the month.
Property vs equity: Which asset class creates more wealth over the long run
Mutual funds cut PSU bank exposure to 8-month low in May. Warning sign or buying opportunity?
Mutual funds have cut their stake in PSU banks to an eight-month low. This move has led to discussions about whether it signals caution or presents a buying chance. Experts suggest focusing on company fundamentals and valuations rather than solely on institutional shifts. The sector has seen strong performance, prompting some profit booking and portfolio rebalancing by fund managers.
The case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noida. They were promised the possession of the flats in two years by 2012. However, following alleged disputes over land, the society shifted the project to Ghaziabad.
Taxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed under FY 2025-26. Failure to correct will prevent TDS credit for Tax Year 2026-27, increasing tax liability. The new TRACES portal does not yet support this correction. Timely correction ensures proper tax credit and avoids disputes.
Best conservative hybrid mutual funds to invest in June 2026
Mutual fund advisors are predicting 2026 as the year for hybrid funds, especially for new investors navigating economic uncertainties. Conservative hybrid funds, with a majority allocation to debt and a smaller portion to equity, offer a cautious entry point. These funds aim to provide slightly enhanced returns through a limited equity exposure.
Dolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The ITAT Chennai ruled she is an investor, not a trader, allowing the loss to be treated as a capital loss. This decision was supported by a 2016 CBDT circular and her consistent investment history.
Fed holds rates steady, officials split over possible hikes this year
The meeting, chaired for the first time by Kevin Warsh, signalled a shift in the Feds communication strategy as it grapples with rising inflation pressures from energy costs and geopolitical tensions
Removes the restriction on interest rates on NRE deposits of 3 year and above tenors.
RBI conducts two VRR auctions to address liquidity tightness in banking system
The VRR auctions infused liquidity amounting to 72,300 crore in the banking system at a weighted average rate of 5.26%
Microfinance sector sees 17% contraction in portfolio in FY26: SIDBI-Equifax report
The POS of the microfinance sector declined to 2,77,053 crore as at March-end 2026 from 3,35,060 crore as at March-end 2025 and 3,77,706 crore as at March-end 2024
InCred Money gets Sebi in-principle nod for mutual fund licence, plans launch in 6-9 months
InCred Money has secured Sebi's in-principle approval for a mutual fund licence, marking a key step toward launching its asset management business. The company plans to build a digital-first AMC and expects to go live after completing regulatory and operational requirements.
Axis Bank witnesses high double-digit decline in frauds, backed by AI-led intelligence system
The bank witnessed around 40 per cent reduction in fraud incidents in last financial year compared to previous financial year
How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs
The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign currency inflows by allowing banks to offer higher rates on these deposits, benefiting Non-Resident Indians planning to open or renew them.
RBI infuses 72,300 crore transient liquidity into banking system via VRR auctions
Experts attributed the narrowing of liquidity to outflows on account of advance tax payments.
Gold rate today: Gold prices saw a slight dip across major Indian cities on June 17, 2026, following a decline in domestic bullion rates. Major jewelers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas reported a decrease in 22k gold prices compared to the previous day.
Gen Z investors lead in mutual fund portfolio switching during periods of uncertainty: Report
Gen Z investors are more likely to switch mutual fund portfolios during uncertain market conditions compared to older cohorts, a report shows. While younger investors rely heavily on digital platforms and peer influence, older groups prefer advisors and exhibit higher trust and lower switching behaviour across market cycles.
9 equity mutual funds cross Rs 70,000 crore AUM; top 3 manage over Rs 1 lakh crore each
Nine equity mutual funds managed over Rs 70,000 crore AUM in May 2026, with Parag Parikh Flexi Cap leading above Rs 1.41 lakh crore. HDFC, SBI, ICICI, Nippon, and Kotak funds also featured prominently.
Capitalmind Flexi Cap Fund adds Nestle India and 10 others, exits SBI and 14 others in May
Capitalmind Flexi Cap Fund made significant portfolio adjustments in May. The fund welcomed Nestle India and eleven new stocks. It also divested holdings in State Bank of India and fourteen other companies. Exposure was increased in sixteen stocks, including NMDC and Indus Towers. The fund's portfolio now holds thirty-eight stocks across sixteen sectors. Healthcare and non-ferrous metals are key allocations.
PM Kisan 23rd installment 2026: Farmers across the country are eagerly awaiting the PM Kisan Scheme date 2026 and looking for updates on the next payout under the PM Kisan Scheme.
PPFAS Mutual Fund among six AMCs with over Rs 10,000 crore cash in May portfolios
Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US dollar deposit rates. These schemes, effective from June 2026, offer interest rates up to 6.50% p.a. for tenures of 3 to 5 years, with a one-year lock-in period.
Chinas central bank hints at shift to fed-style rate setting
A shorter-term policy anchor may give the PBOC greater precision and flexibility in steering market conditions
Travel claims for non-medical insurance like trip cancellation, delays surpass medical cases: Asego
As of 2025-26, the focus of travel insurance claims has transformed significantly. A staggering 16,000 claims pertain to non-medical issues like trip cancellations and delays, dwarfing the 4,000 medical claims recorded by Asego.
7 key rules about EPS-95 pension: Eligibility, pension formula, benefits, and more
Quant Mutual Fund among 7 AMCs to receive over Rs 1,500 crore increase in AUM in May
There are now 50 AMCs, of which 40 AMCs saw an increase in their AUMs in May. Here is a detailed breakup
