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Mahindra Finance Q1 PAT jumps 70% to 899 crore as AUM rises 13%
Disbursements increased 22% to 15,564 crore from 12,808 crore a year earlierMahindra Finances profit surged 70 per cent to 899 crore in the first quarter as AUM grew 13 per cent to 1.37 lakh crore, with Chairman Anish Shahs FY26 message highlighting the tighter risk controls, digital transformation and diversification strategy supporting the companys next phase of growth.
Bandhan Bank Q1 net up 35% at 501.67 crore as provisions fall 40.5%
During the first quarter this fiscal, the banks NII rose 5.92% y-o-y at 2,920.58 crore from 2,757.24 crore for the corresponding period last fiscal
Q1 Results Today, 21st July 2026 Highlights
Punjab & Sind Bank expects relaxation in FCNR(B) norms for banks without foreign branches
Bank outlines long-term strategy to expand its total business mix to 4 lakh crore by FY29
PNB plans to enter acquisition finance from Q3
Punjab National Bank plans to enter the acquisition finance business from Q3 FY27, following the RBIs new regulatory framework
Sebi eases rules for mutual fund, SIF distributors with single certification exam
Sebi has launched a unified certification for mutual fund and Specialised Investment Fund distributors, known as the NISM Series V-D certification. This new credential streamlines the eligibility criteria for selling these products.
Aditya Birla Sun Life AMC net up 12% on better inflows
Passive fund AUM has grown over two times to 1.23 lakh crore against 5,300 crore.
Paytm plans to infuse 100 cr in wealth tech arm Paytm Money
The company expects to close the transaction by September 30
Indian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indian Rupees using SBI's TTBR exchange rate. This specific rate is mandated by the Income-tax Rules for accurate reporting. Taxpayers should use the TTBR rate applicable on the relevant date of acquisition or closing year. Retaining records of the adopted exchange rate is crucial for compliance and avoiding reporting errors.
8th Pay Commission salary: Central government employees anticipate the 8th Pay Commission's fitment factor recommendations. A higher fitment factor could significantly increase employee payouts and basic salaries. Past pay commissions show varied gross salary hikes despite differing fitment factors. The prevailing Dearness Allowance rate influences the actual gross salary increase. Projections suggest potential gross salary increases ranging from 31% to 68%.
ITR filing: Got Section 143(1) intimation after filing your income tax return? Heres what it means
After filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's preliminary processing of your filed return. It details any adjustments made to your income, deductions, and tax liability. Taxpayers must review this intimation carefully for any discrepancies or demands. Responding within thirty days is crucial to avoid penalties and interest.
ITR filing 2026: CBDT takes these steps to prevent portal glitches before July 31 deadline
ITR filing 2026: The government has addressed concerns regarding the income tax e-filing portal's performance. While usage has increased, the portal has largely remained stable, according to officials. The managed service provider, Infosys, has faced contractual penalties for project delays and outages.
Should I sell gold to buy a second home, or is it better to pledge it?
ET Wealth Reader's Query: I am 45, and want to buy a holiday home, or what may be called a second home. I do not have any major financial commitments apart from my two daughters education. I have also been investing through Systematic Investment plans (SIPs) for the past two years. Should I liquidate my gold investments to buy the second home, or would it be better to pledge the gold instead?
5 critical checks before buying health insurance policy to avoid claim rejections
Choosing health insurance requires careful consideration of several important factors. Opting for a policy simply because it has a low premium can leave you underinsured and cost you more when you actually need to file a claim. Adequate coverage is crucial, especially as medical inflation is projected to rise significantly in the coming years. Read on to learn about five key factors every policyholder should assess before buying a policy.
Gold rate: Gold prices saw an increase across major Indian cities on Tuesday, July 21, 2026. The India Bullion and Jewellers Association also noted an upward trend in gold rates. Consumers planning purchases should verify current rates before buying.
Insurance sector sees sharp rebound in June; health, motor to drive growth outlook: Report
Retail health premiums surge 33%; Motor insurance also gains pace with 14% growth; fire insurance continues to weigh on industry performance, with premiums declining 23%
Sovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Series-VIII. This offers investors a significant absolute return of nearly 257 percent. Tax rules apply to capital gains on premature redemption of these bonds.
Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas bank accounts. Employee stock options and cryptocurrencies also demand careful reporting considerations. Jointly held foreign accounts need accurate disclosure based on fund ownership. Accurate reporting is crucial to avoid penalties under the Black Money Act.
Samsung launches its first US co-branded credit card with Barclays
Galaxy Card offers 5% cash back on Samsung purchases; signals broader fintech push
New phone, same salary: Why Indians need to stop falling for tech upgrade traps
Earning interest on your savings account? This tax rule could save you money
Trying to time the market? Missing the best trading days can dent returns
Staying invested throughout market cycles yields the highest returns for investors. Missing just fifty strong trading days drastically reduces Nifty 50 returns to 0.89 percent. Missing thirty best trading days improved returns to 4.59 percent for the Nifty 50. Missing ten best trading days boosted Nifty 50 returns to 9.67 percent. Market timing requires two correct decisions, which is difficult for investors.
NHA de-empanels over 2,000 hospitals in fraud crackdown under AB PM-JAY: Report
National Anti-Fraud Unit under AB PM-JAY imposes penalties worth 114.06 crore on hospitals, report says
Fresh FCNR (B) deposit inflows robust at $17.406 billion under RBIs limited period swap facility
Among Banks, State Bank of India and Punjab National Bank have reportedly seen fresh inflows of about $1.90 billion and $425 million via fresh FCNR (B) deposits
What investors need to glean from HDFC Banks Q1 FY27 results
Markets reaction reflects concerns over NIM compression but the bank has long-term levers for margin expansion
Karur Vysya Bank net profit rises 45% in Q1FY27
Profits were driven by a 32% growth in net interest income
Indian Overseas Bank net rises 49% in Q1FY27 on higher NII, recoveries
The bank has set a target of raising around $1 billion across both FCNR (B) deposits and Overseas Foreign Currency Borrowings (OFCBs) by September
A large part of Niva Bupas focus is attracting young customers, says Deputy CEO Ankur Kharbanda
Kharbanda emphasised the companys aim to diversify and strengthen their distribution further in India
RBIs concessional swap facility attracts $20.72 billion in forex inflows
Introduced to boost capital inflows and strengthen Indias external sector, the RBIs swap facility remains open until September 30 for FCNR(B) deposits and December 31 for OFCBs and ECBs
Karnataka Bank appoints Aruna Shyam as Additional Director
Aruna Shyam is a postgraduate in Business Law and holds a doctorate in Law
UIDAI new Aadhaar app: How to lock or unlock Aadhaar fingerprint and iris
The government is planning a new pension scheme under the EPFO 3.0 framework. This new plan aims to provide retirement benefits to workers in both formal and unorganised sectors. Members will build a retirement corpus through regular contributions invested in government-backed assets.
HSBC Bank's IFSC unit offers Non-Resident Indians significant leverage on FCNR(B) deposits. This strategy allows investors to borrow up to nineteen times their initial deposit amount. The potential for amplified returns arises from the spread between deposit earnings and borrowing costs. However, this leverage strategy carries risks if borrowing costs exceed deposit interest rates. FCNR(B) deposits also offer protection against Indian Rupee depreciation for investors.
Indian Overseas Bank Q1 profit surges 49% to 1,659 cr
Total income rose to 10,938 crore during the April-June period from 8,866.47 crore a year earlier, the bank said in a stock exchange filing
IL&FS Group repays 50,387-crore debt by June 2026, achieves 82.6% of resolution target
IL&FS trimming debt through asset resolution, interim distribution, including cash & InviT units, among others
New-to-credit borrowers now opting for personal loans, especially the phone financing category, says the TransUnion CIBIL head
Gold rate: Gold rates remained largely steady across major Indian jewelry brands today. Find the latest 24k, 22k, 20k, 18k and 14k gold and 999-purity silver jewellery indicative rates provided by the India Bullion and Jewellers Association (IBJA) today.
EPF interest rate: 8.25% interest credited? Here's how to check your PF balance
ITR filing 2026: Step-by-step guide to filing ITR-1 for AY 2026-27 before the July 31 deadline
Students, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, 2026. This simplified form is for resident individuals with income up to fifty lakh rupees. It covers income from salary, one house property, and other specified sources. Taxpayers must log in to the e-filing portal and follow the guided steps.
The Latest Fixed Deposit Interest Rates: Jul 20, 2026
The Latest Fixed Deposit Interest Rates: Jul 20, 2026
The Latest Home Loan Interest Rates: Jul 20, 2026
The Latest Home Loan Interest Rates: Jul 20, 2026
Anicut Capital kicks off 3,000 crore fundraise across four new funds
Speaking to businessline, IAS Balamurugan, Managing Partner & Co-founder of Anicut Capital said, among the news funds three are equity-focused while one is a private credit fund
7 big income tax changes for 2026-27 that may reduce penalties for small mistakes
New income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from October 2024. Prosecution provisions are softened with reduced jail terms and graded punishments. Several penalties are converted into fixed fees to reduce litigation and bring certainty. Penalty proceedings will merge with assessment proceedings from April 2026.
Bitcoin ETFs log second week of inflows, breaking two-month rout
The reversal, combined with flows into ETFs tied to Ether, the second-largest cryptocurrency, could signal positive sentiment returning to the market
Taxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individuals and HUFs with income up to fifty lakh rupees. However, certain conditions like foreign income or losses necessitate filing ITR-3. Essential documents include PAN, Aadhaar, bank details, and tax payment proofs. Ensuring an active PAN and validated bank account is crucial for filing.
Under the new labour code, employers must pay salaries by the seventh day of the following month. Daily wage workers must be paid at the end of each workday. Employees who leave a job are entitled to receive their final dues within two working days. The code applies to all employees, regardless of salary, and introduces the role of an inspector-cum-facilitator to help resolve wage-related complaints and claims.
Wedge between deposit growth and credit growth may continue with geo-political risks: SBI Research
The ERDs report noted that banking system has experienced persistent and rapid expansion in bank credit with a growth of 18.6% for the fortnight ended 30 June 2026
Largecap mutual funds' cash holdings fell to a one-year low of 2.2% in June, reflecting higher equity deployment and fund managers' confidence in select opportunities. Experts caution this is not a buy signal, advising investors to continue SIPs and focus on long-term goals, as lower cash may increase volatility during market corrections.
Q1 Results Today, 20th July 2026 Live Updates:
IDBI Bank divestment unjust to SC/ST/OBC staff cause: Former Secretary EAS Sarma
I hope that good sense will prevail on the Finance Ministry, and the government will drop the proposal once for all, says former secretary to government
The Delhi High Court has canceled a government tender for passport and visa services abroad. This decision came after losing bidders argued the selection process lacked fairness. Authorities must now seek fresh bids for services in four countries. Passport and visa services in Australia have already been suspended due to this dispute. The government has appealed the High Court's ruling to the Supreme Court.
Portfolio allocation: Defensives lead in 2026
The ideal mix depends on each investors financial goals, risk appetite and time horizon, making asset allocation unique to every individual. In this weeks TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable return boost in recent years. By Sameer Bhardwaj.
India or US: Where should NRIs buy property?
It is relatively easier to reliably buy or sell property in the United States, compared to the process in India, which can be fraught with delays and in some cases instances of fraud and malpractice. The liabilities and penalties for such instances are clearly stated and implementable in the US.
ITR filing: Crypto taxation and reporting rules
India's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percent TDS. Specific provisions govern the taxation of cryptocurrencies and non-fungible tokens. Airdrops and staking rewards are taxed as income upon receipt. Non-disclosure of overseas holdings can invite severe penalties and prosecution.
ITR filing: Capital gains reporting mistakes to avoid
Report even exempt equity gains under Section 112A, and file losses on time to carry them forward.
EPF Scheme 2026: New PF rules you must know
Key features such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceilingremain unchanged, but the formalisation of revised provisions will trigger new operational obligations.
Should NRIs buy insurance plans from GIFT City?
Global exposure, including oil & gold ETFs, and hedge against rupee depreciation are key draws of GIFT City ULIPs; but the market is nascent and experts caution against mixing insurance with investments.
Can hybrid SIFs bridge the risk-return gap?
Hybrid long-short funds rival debt, arbitrage and hybrid funds, but look beyond the label.
NSE IPO: Was buying its unlisted shares worth it?
As NSE and Jio Platforms head for blockbuster IPOs, ET Wealth speaks to five early investors. Their journeys reveal the rewardsand the risks.
PNB hopeful of achieving net interest margin, FCNR (B) targets
Know Your Fund Manager | Satish Donadapati, Fund Manager, ETF, Kotak AMC
In this edition of Know Your Fund Manager, Satish Donadapati, Fund Manager ETF at Kotak AMC, shares his journey from an Army upbringing to managing passive funds. He discusses his career path, transition into portfolio management, and current responsibility of overseeing 19 ETFs and 23 Index Funds with a combined AUM of Rs 20,440 crore, while highlighting his investing philosophy.
RBL Bank among 5 smallcap stocks bought by mutual funds in June. Check details
Mutual funds bought select small-cap stocks in June, with Acme Solar Holdings, Craftsman Automation, Pine Labs, Sterlite Technologies and RBL Bank among the top picks, according to Dolat Capital.
ICICI Prudential AMC among top 5 midcap stocks with highest MF selling in June
Patanjali Foods, ICICI Prudential AMC, IREDA, NMDC and Oil India saw the highest net selling by mutual funds among midcap stocks in June, according to a Motilal Oswal Financial Services report.
IDBI Bank sale move faces call for review on governance, sovereignty grounds
Proposal raises concerns of constitutional governance, economic sovereignty, parliamentary accountability and long-term national interest, says officers and employees union
Mutual Fund NFOs: 5 new funds open for subscription this week. Check dates, details
SBI Mutual Fund among 6 AMCs with over Rs 7,000 crore AUM jump in June. Check details
Six AMCs saw their AUM rise by over Rs 7,000 crore in June, according to ACE MF data. SBI Mutual Fund led the pack with an increase of Rs 14,192 crore, followed by Aditya Birla Sun Life, HDFC, Invesco, Nippon India and HSBC Mutual Fund.
Mutual funds made a complete exit from 25 stocks in June. Check top 5
Mutual funds completely exited nearly 25 stocks in June, according to Prime Database. Rossell Techsys saw the largest sell-off at Rs 94.34 crore, followed by Wim Plast, Paramount Communications, GOCL Corporation and Veranda Learning Solutions.
HDFC Bank Q1 profit up 5%; CEO signals growth push says bank is on the cusp of pressing the pedal
The banks net profit rose by about 10% this quarter after adjusting last years profit for HDB Financial Services IPO gains, provisions, and tax credits
ICICI Bank posts 16 per cent growth in Q1 profit at 14,805 crore; NIM remains stable
Indias second largest private sector bank had recorded a net profit of Rs 12,768 crore in the year ago period
Lower provisioning and recoveries boost Axis, Kotak and IDBI profit in Q1; YES Bank bucks the trend
Lower provisioning and strong recoveries helped Axis Bank, Kotak Mahindra Bank and IDBI Bank post healthy profit growth in the June quarter, while YES Bank delivered a strong performance driven by the strength of its core earnings engine
Kotak Mahindra Bank posts 26% rise in Q1 net profit
NIM narrows to 4.53% even as advances, deposits and fee income post healthy growth
Punjab & Sind Bank registers over 23% rise in Q1 net profit
Net profit increased to 331 crore in the April-June quarter, up from 269 crore
Axis Bank Q1 net profit rises 23% on strong margins, asset quality improves
Total income rose 6% to 40,721 crore from 38,322 crore last year; Net Interest Income increased 8% to 14,646 crore, with a Net Interest Margin of 3.46%
HDFC Bank profit rises 5% to 19,060 crore in Q1
However, the total income of the bank in the quarter under review dropped to 92,184 crore from 99,200 crore in the same period a year ago
YES Bank jumps 34%; asset quality improves, loan growth remains strong
The private lenders net interest income, which is the difference between interest earned and interest expenses, increased to 17% to 2,786 crore from 2,371.47 crore a year ago
Employee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and gives him relief from tax. Know how this empoyee won the case in ITAT Pune.
HDFC Bank, RIL, and Eternal among top 10 stock holdings of HDFC Mutual Fund in June
HDFC Mutual Fund held top positions in ICICI Bank, HDFC Bank, Axis Bank, RIL and Eternal in June. Check the fund houses top 10 stock holdings and portfolio changes.
Kotak Mahindra Bank Q1 profit up 22.6% to 5,480.46 crore
On a standalone basis, net profit of the bank stood at 4,122.96 crore in the June 2026 quarter, as compared to 3,281.68 crore in the year-ago period
Lenskart and Meesho among 5 midcap stocks bought by mutual funds in June
Mutual funds bought five midcap stocks, including Lenskart, Meesho, JSW Infrastructure, NHPC and Ajanta Pharma, in June. These stocks witnessed net purchases worth over Rs 10,000 crore during the month.
7 mutual funds reduced allocation in 21 smallcap stocks in June. Check details
Seven mutual funds, including SBI, HDFC, Kotak and Quant Mutual Fund, trimmed holdings in 21 small-cap stocks in June. Check the complete list of stocks where fund houses reduced exposure.
Punjab National Bank Q1 net profit surges over three-fold to 5,200 crore
Asset quality improves as retail, MSME and agriculture lending gains momentum
Axis Greater China Equity FoF among 8 equity mutual funds that saw over Rs 220 crore outflow in June
Eight equity mutual funds, including Axis Greater China Equity FoF, Motilal Oswal Nasdaq 100 FOF and ICICI Pru Technology Fund, witnessed outflows exceeding Rs 220 crore in June
Property sellers may need to re-compute advance tax after the Cost Inflation Index release. This delay impacts individuals selling property acquired before July 23, 2024. Advance tax payments for the first quarter were due before the index was notified. Underestimating tax liability could lead to interest charges for deferred payments. Taxpayers can adjust subsequent installments or claim refunds if overpaid.
Axis Bank Q1 net profit rises 22.5% as lower provisions boost earnings
Net interest income rose 8 per cent, but higher funding costs, weaker non-interest income and elevated operating expenses kept operating profit growth at just 1.3 per cent
Indian banks seen poised for strong FY27 on robust credit growth and healthy asset quality
Strong loan demand, improving deposits and policy support expected to drive earnings
Samir Arora-backed Helios Mid Cap Fund adds Groww, 4 more stocks; hikes stake in Paytm and 29 others
Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged.
A recent ruling clarifies children's birthright in inherited property. Mitakshara Hindu law states self-acquired property does not grant automatic birthrights. The source of the father's title determines if property is ancestral or self-acquired. Children can still inherit self-acquired property through succession laws or a Will. This ruling impacts claims based solely on birthright in such cases.
