36 C 
Grievance redressal mechanism being framed to prevent hospital-health insurance stand-off
Some concrete measures being discussed include having standard treatment protocols for common ailments to start with, which could help define pricing, says Dr S Prakash, Chief Executive Officer at General Insurance Council
RBI cancels 182-day, 364-day treasury bill sale, traders interpret move as rate signal
This is the second time in less than three months that RBI has cancelled a treasury bill sale
Karnataka Bank enables digital EPF payments
Strong banks require capital and technology; they also require judgment, governance, accountability and institutions that learn.
No major impact of West Asia conflict on asset quality so far: SBI Chairman
Credit demand seems to be robust across sectors, he said
PNB customer alert: PSU bank suspends MasterCard network activity linked to Russia
Punjab National Bank customers using MasterCard for international transactions face continued suspension of services linked to Russia. This action aligns with global sanctions. The bank also announced the discontinuation of complimentary airport lounge access for its MasterCard Platinum Debit Cardholders from June 1, 2026. New fixed deposit rates are effective from the same date.
RBI's rate-setting panel starts deliberations, policy announcement on Friday
The RBI's Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, with most economists expecting the central bank to keep the repo rate unchanged at 5.25% when it announces its decision on June 5.
5 smallcap funds crossed the 25% annualised return mark in 3 years. Here's the list
Several smallcap funds have demonstrated strong performance, with five achieving over 25% annualized returns in the past three years. Bandhan Small Cap led the pack with a 29.4% return. In contrast, five other prominent small-cap funds experienced slower growth, delivering single-digit gains.
New fund offers: 4 mutual funds and 1 SIF are open for subscription. Check details
Four mutual fund NFOs and one SIF are currently open for subscription, offering exposure to smallcap, large & midcap, and factor-based strategies. Investors should align selections with goals and risk appetite.
Scale of financing required by India over the coming decades is unprecedented: SBI chief
These investments will be required across infrastructure, manufacturing, energy transition, urban development, MSMEs and innovation, Setty said at the Citi Investor Conference
Franklin India Dividend Yield Fund delivered exceptional returns. A Rs 10,000 monthly investment since inception grew to over Rs 1.2 crore in 20 years. The fund's AUM also crossed Rs 2,300 crore. It follows a dividend yield strategy, investing in companies with consistent payouts. This approach aims for steady compounding and downside protection.
Gold prices held steady across major Indian jewellers on June 3, 2026, despite global market jitters. However, the IBJA reported a dip in its indicative rates. Geopolitical tensions and potential US interest rate hikes are influencing investor sentiment, while India's tightened silver import rules add another layer to market dynamics.
Bank lending in India hits two-year high as firms skip bonds
Rising benchmark yields have lifted corporate borrowing costs, dampening companies appetite for debt sales, even as the RBI is widely expected to keep its policy rate unchanged on Frida
Anxious with news of RBI selling gold? Here's the fact and what should you do
India's gold reserve: Reports of the Reserve Bank of India selling gold have been debunked by the central bank and the PIB Fact Check team. The RBI confirmed its physical gold stock remains steady at 880.52 tonnes. While the quantity has been stable, the value of gold reserves has significantly increased due to rising global prices, offering reassurance to investors.
Can a 1 crore NPS corpus generate more than 1 lakh per month? What the new RIS framework offers
Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping savings invested post-retirement, generating regular income through Systematic Payout Rate (SPR) or Systematic Unit Redemption (SUR) options. This approach balances market exposure with risk management, aiming for sustainable income over long retirements.
Every mutual fund offers positive XIRR on SIP investments in 5 years. Did you exit too soon?
Equity mutual funds delivered positive returns on Systematic Investment Plans over the past five years. Many funds provided double-digit XIRR. HSBC Midcap Fund and Bandhan Small Cap Fund led with over 20% XIRR. This analysis highlights strong SIP performance across various fund categories. Investors saw significant growth on their regular investments.
Employee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise the minimum basic pay from Rs 18,000 to Rs 51,480Rs 66,240. They also sought pension parity, DA merger, improved HRA, healthcare, tax relief, career progression, and special consideration for employees serving in remote, border and hardship areas.
DA hike: Will government employees get a 3% increase this June? What new data reveals
SBI Card to revise reward point benefits on these credit cards from July 1, 2026; check details
SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards.
Looking for consistent midcap funds? Edelweiss Mid Cap and 8 peers have stood out over 5 years
Nine midcap funds posted strong five-year consistency scores, led by Nippon India and HDFC. The CRISP Scorecard highlights their risk levels, investment styles, returns, and assets under management as of March 2026.
A software engineer's father's health insurance claim was denied by HDFC ERGO due to an alleged alcohol history. The insurer repudiated the claim despite hospital clarifications. The District Consumer Disputes Redressal Commission has directed HDFC ERGO to pay Rs 6 lakh with interest and ordered the hospital to pay Rs 1 lakh as compensation. The commission found the denial unjustified and a deficiency in service.
An investor planning early retirement at 50 with a Rs 12.5 crore corpus seeks expert advice on generating Rs 2 lakh monthly income. The expert outlines a goal-based framework, recommending a balanced 60% equity and 40% debt allocation for retirement and a more growth-oriented mix for long-term wealth creation
Best large cap mutual funds to invest in June 2026
Amidst market volatility, advisors recommend large cap mutual funds for conservative investors seeking safer equity investments. These funds, mandated to invest in top 100 companies, offer inflation-beating returns with lower risk. While some schemes have faced recent underperformance, long-term potential remains, with specific funds highlighted for June 2026.
Planning to exchange or recycle gold? Heres how tax authorities may treat your gains
Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-value gold transactions, including large cash deposits or unexplained sources of funds. Proper documentation is crucial to avoid scrutiny and penalties, especially when dealing with inherited, gifted, or imported gold.
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027
Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updation of the Annual Information Statement with data from companies and banks. Salaried individuals should also wait for their Form 16. Filing without complete information can lead to discrepancies and potential tax notices.
Signed away maintenance agreement? HC says wife can still claim more; heres why
A wife can still seek more maintenance money even after signing a waiver agreement for a lump-sum payment. The Punjab and Haryana High Court ruled that such agreements go against public policy. The court stated that a Rs 60,000 waiver was insufficient. The wife's inability to maintain herself, despite past work, allows her to claim maintenance.
Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027
Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marginal Rate applies to specific income categories to prevent tax avoidance. The new regime streamlines surcharges, capping them at 25%. However, exceptions exist, potentially leading to higher rates in specific AOP or BOI scenarios.
Low volatility, better value: Why balanced advantage funds are back on investors radar
Wealth managers are favoring balanced advantage funds due to attractive large-cap stock valuations and high bond yields. These funds dynamically adjust equity and debt allocations, offering moderate returns with low volatility, making them suitable for first-time investors seeking stability and better returns than fixed deposits.
smallcase launches mutual fund model portfolios, expands beyond stocks and ETFs
smallcase has launched mutual fund model portfolios, expanding beyond stocks and ETFs. The new offering provides professionally managed portfolios of direct mutual funds across asset classes, helping investors simplify fund selection, portfolio construction and monitoring while aligning investments with specific financial goals.
Easing cycle in FY26: Proportion of bank loans bearing less than 9% interest rises sharply
Robust transmission of repo rate cuts to lending rates; household sector accounts for 58.6% of total bank credit
Kerala banking sector expands across key metrics, NR deposits surge
Total deposits increased by 12 per cent to 10.62 lakh crore, while total credit expanded by 13 per cent to 7.74 lakh crore
OPD cover in health insurance addresses out-of-pocket expenses for doctor visits, diagnostics, and medicines without hospitalization. While beneficial for those with chronic conditions or frequent consultations, it may not be cost-effective for healthy individuals. Carefully review sub-limits and exclusions before purchasing.
Generali Central Life Insurance aims to double business to 2,000 crore in 3 years
The insurance company, a joint venture between Generali of Italy and the Central Bank of India, ended 2025-26 with a first-year premium of 964 crore
How long will a Rs 20,000 SIP and Rs 1 lakh lump sum take to become Rs 3 crore? Check calculations
A monthly SIP of Rs 20,000, coupled with a Rs 1 lakh lump sum investment and an assumed annual return of 12%, can help investors accumulate a corpus of about Rs 3 crore in roughly 23 years and 7 months, according to calculator estimates.
ITR filing 2026: 5 benefits of filing income tax return besides paying taxes
Filing your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You can claim tax refunds if you paid extra. Your ITR proves your income, especially for freelancers. It allows carrying forward losses to reduce future taxes. Many countries require it for visa applications.
Iran war puts RBI in razor-edge policy bind over inflation, growth and rupee
The rupee has tumbled to record lows since the Iran war broke out at the end of February, as a resultant spike in crude prices delivered a severe blow to the country
NFO Alert: HSBC Mutual Fund launches hybrid long-short fund under its SIF segment RedHex
HSBC Mutual Fund has launched the RedHex Hybrid Long-Short Fund, a Specialised Investment Fund strategy aimed at generating regular income and capital appreciation through a diversified mix of fixed income, equity arbitrage, REITs and InvITs. The fund targets risk-adjusted returns with lower volatility and offers weekly redemption opportunities.
Edelweiss Small Cap, 7 other smallcap funds that have shown consistent performance over last 5 years
Have Rs 30 lakh to invest for 20 years? Here's how an expert suggests allocating the corpus
Investors receiving a large lump sum for long-term goals should avoid immediate equity deployment. Financial planners suggest parking funds in liquid instruments and using Systematic Transfer Plans (STPs) over 12 months to mitigate market timing risks. This staggered approach, combined with a diversified equity allocation, aims to optimize returns over a 20-year horizon.
Corporate bond sales seen slowing as borrowing rates hit 7-year high
LSEG benchmark yields on AAA-rated corporate bonds with two- to five-year maturities rose above 8% last week, the highest since early 2019
EPFO: When can EPF interest be credited to your account? Check here
EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due to government approval and account reconciliation, experts assure members that interest accrues monthly and won't be lost. EPFO calculates interest on the running balance, ensuring full credit even with administrative lags. Members can check their updated passbook for confirmation.
EPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family members can receive EPF, EPS, and EDLI benefits without delays. Failure to e-sign means the nomination won't be processed in case of the member's death.
RBI may have sold gold to save foreign reserves, BE report shows
The Reserve Bank of India likely sold about $12 billion in gold reserves and bought $7.5 billion in foreign-currency assets over two weeks ending May 22, according to BEs senior economist Abhishek Gupta
BharatPe launches BharatPe Flex, a Credit-on-UPI solution powered by YES BANK
The product has been designed to work within existing payment habits without requiring customers to adopt a separate payment ecosystem or behaviour
Quant Mutual Fund is strategically focusing on under-owned, under-researched, and neglected market segments for higher alpha generation. The fund house is underweight on manufacturing but has increased exposure to technology stocks, while maintaining a positive outlook on energy, infrastructure, and financial services.
Multicap vs flexicap mutual funds: Which is better placed amid market volatility?
Market volatility prompts a look at multicap and flexicap mutual funds. Experts weigh in on their suitability for uncertain times. Multicap funds offer disciplined allocation across market caps. Flexicap funds provide managers flexibility to adjust holdings. A balanced portfolio strategy across different equity categories is advised for investors to navigate market swings effectively.
Inherited property through a Will? These 8 legal facts could save you from costly mistakes
Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Office RD offers an estimated Rs 7.14 lakh, while SBI RD provides Rs 7.02 lakh. This difference means an investor earns approximately Rs 12,244 more with the Post Office option.
Top 10 mutual funds to invest in June 2026
New investors often struggle to find suitable mutual funds, relying on short-term performance or personal recommendations. ETMutualFunds presents a curated list of top schemes across five equity categories to guide investors. The article emphasizes understanding fund categories, risk profiles, and investment objectives before investing.
Quora, Reddit, or Stack Overflow? Have you been using the wrong platform?
LIC staff can be deployed for census work, rules Allahabad High Court
The court ruled that the competent authority acted within its powers in appointing LIC employees as enumerators and supervisors for census operations
Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By filing Form 40 electronically before the income tax return deadline, taxation shifts from accrual to withdrawal basis. This option, once exercised, is generally irrevocable but becomes void if the individual becomes a Non-Resident.
Weak market returns push more investors to pause SIP investments
Challenging equity market returns are prompting retail investors to reassess their stock market exposure. Industry data reveals a rise in systematic investment plan (SIP) discontinuations and a slowdown in new investor additions. This trend indicates investor disappointment with lower-than-expected returns. The situation highlights a shift in investor sentiment amid market conditions.
IRDAI slaps 1 crore penalty on Nissan Renault Financial Services
The regulator also directed the firm to place the order before the Board of the Corporate Agent in the upcoming Board Meeting
RBIs wallet curbs may force fintechs to redraw growth plans
The regulator has also proposed restricting minimum-KYC wallets to payments for goods and services, effectively barring their use for person-to-person transfers
The proportion of SCBs savings deposits declined from 34.6% in March 2022 to 28.7% in March 2026
Karnataka Bank conducts annual conference of concurrent and internal auditors
The conference served as an important platform for discussions on best practices in internal control and governance
UPI clocks record volume and value in May on summer spending boost
Average daily transaction volume stood at 748 million, while the average daily transaction value was 96,465 crore
West Asia Crisis: Banks sanction 35,000 cr loans under Emergency Credit Line Scheme to MSMEs
The scheme, approved by the Union Cabinet on May 5, aimed at providing additional credit flow of 2.55 lakh crore, including 5,000 crore for airlines hit by the ongoing geopolitical crisis
Crypto exchange Binance rolls out trading in US stocks, ETFs
The April 2026 AICPI-IW data has raised expectations of a possible 3% dearness allowance (DA) hike for central government employees, though the final rate will depend on May and June inflation data. The 12-month average AICPI-IW from May 2025 to April 2026 stands at 147.51, translating to an estimated DA of 62.51%, which could be rounded to 63%. If approved, a 3% DA hike would increase the salary of a Level 5 employee by about Rs 876 per month.
HDFC Asset Management Company gets HC relief in cyber theft case; injunction granted against hackers
The order was passed on an application and suit filed by HDFC Asset Management Company Limited seeking an injunction against the hackers from using, publishing, distributing or disclosing to any person the stolen confidential data
Gold prices saw a dip today, Monday, June 1, 2026. This movement occurred amidst geopolitical tensions stemming from US claims of attacks on Iranian military bases. US President Donald Trump indicated Iran's desire for a deal.
UPI withdrawal for EPF soon! EPFO members can transfer money using UPI PIN Heres how it will work
Post Office MIS vs mutual funds: Which is better for income-seeking investors?
Post Office Monthly Income Scheme (POMIS) offers predictable, government-backed monthly income, attracting retirees and conservative investors. While safe, its returns may not beat inflation, and interest is taxable. Experts suggest a balanced approach, combining low-risk options like arbitrage funds for income with equity funds for long-term wealth creation.
UIDAI's New Aadhaar App: How to set up your account and transfer from mAadhaar
UIDAI has launched a new Aadhaar App, replacing the older mAadhaar. This app offers enhanced security with face authentication and biometric lock. Users can manage their digital identity and share Aadhaar data securely. The app allows access to all Aadhaar details on smartphones. Updates like mobile number and address can be done through the app.
UPI transactions hit record high of 29.9 lakh cr in May
The UPI transaction in volume terms was 22.35 billion recorded in April,
SBI Small Cap among 5 smallcap funds with highest cash holding. Check details
Several small-cap mutual funds maintained elevated cash positions in April, reflecting a cautious approach amid market conditions. Bandhan Small Cap Fund held the highest cash allocation at 13.2%, followed closely by Groww Small Cap Fund at 13%. SBI Small Cap Fund, HDFC Small Cap Fund and Quantum Small Cap Fund also maintained sizeable cash reserves, potentially providing flexibility for future investment opportunities.
ITR-2 filing for AY 2026-27 is live: Who must file, key deadlines & costly mistakes to avoid
Rs 1.5 lakh yearly in PPF: Check how it can grow into Rs 1.54 crore tax-free corpus
No need for repo rate hike, RBI can use short-term rate tools to manage rupee: SBI
The report also argued against a repo rate hike even as global uncertainties and elevated crude oil prices continue to create pressure on currencies and financial markets
Coinbase offers trading using Indian rupee
Coinbase, which had discontinued its services in India in 2023, resumed crypto trading last year
Top NPS equity funds offer up to 14% returns in 3 years. Heres the list
National Pension System (NPS) fund managers have delivered strong returns over the past three years, with several schemes generating double-digit gains. Tata Pension Management led the pack with a return of 13.56%, closely followed by ICICI Prudential Pension Fund at 13.39%.
Q4 Results Highlights Today Live Updates: Stay tuned to businessline for the latest live updates on Q4 earnings.
International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due to overseas investment limits imposed by the RBI. Experts advise continuing existing SIPs but caution against new investments. Investors are exploring alternative routes like LRS and GIFT City for global diversification as fund houses restrict inflows.
10 government jobs that pay more than most private sector salaries in India
Best mutual fund SIP portfolios to invest in June 2026
ETMutualFunds offers curated mutual fund portfolios for conservative, moderate, and aggressive investors. These recommendations are designed for SIP investments and cater to various investment amounts. The portfolios are updated regularly based on a robust in-house methodology. Investors can now easily select schemes to meet their long-term financial objectives.
The Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', allows people to trace unclaimed bank deposits, insurance policies, and mutual fund investments. It also helps shareholders claim unpaid dividends and shares.
7 things happening to your credit score right now (if you have multiple credit cards)
Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claim
Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exemption, private sector employees have a limit of Rs 25 lakh, subject to specific calculations based on earned leave and salary. This income is reported under 'Income from Salary' in the ITR.
Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing returns. As AY 2026-27 return filing gathers pace, pensioners must understand the correct tax treatment, deductions, TDS provisions and compliance reliefs available to avoid errors and unnecessary notices.
Homeowners in possession must pay maintenance charges even without an Occupation Certificate or independent water and sewerage facilities. The Himachal Pradesh RERA ruled that if owners are availing basic services they cannot deny payment obligations. However, the builder must ensure charges are reasonable and transparent, and was thus ordered by authority to obtain OC/CC within three months.
Credit card perks shrink: Maximise what you have
Many banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategies. Experts advise optimising existing cards rather than cancelling them, diversifying across 23 cards, and using rewards strategically. Linking RuPay credit cards to UPI can boost benefits on everyday transactions. Ultimately, maximising value depends on understanding card features and aligning spending with reward structures.
A SIP portfolio no one is watching? Few simple fixes
At least once a year, pull a consolidated account statement to see everything in one go: check for overlap across schemes; flag any fund trailing its benchmark and peers for three years or more; confirm nominations are in place; and ensure at least one other person in your household knows where all your investments are.
NPS RIS explained: Pros, risks and suitability
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Retirement Income Scheme (RIS) under NPS, allowing retirees to receive systematic payouts from the 80% withdrawable corpus until age 85 while keeping funds invested. RIS aims to improve income stability, corpus longevity, and inflation-beating returns. However, payouts remain market-linked, tax treatment remains unclear, and the scheme may be complex for some retirees.
