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State Bank of India, HSBC and ICICI lead India's overseas deposit drive, data shows
ICICI Bank leads private-sector peers with about $3.7 billion in deposits under the scheme. HDFC Bank and Axis Bank, the countrys largest and third-largest private lenders respectively, raise about $1.5 billion each
Using pick-up and drop for car service? Know who pays if an accident happens
Service centres cannot evade responsibility for accidents during vehicle pick-up and drop-off. A signed waiver does not absolve them of negligence or deficient service. Insurance companies may still cover claims, then recover costs from the negligent party. Dealers face direct liability, while manufacturers' responsibility is less automatic. Damage within service centre premises shifts significant legal burden to the centre.
Should investors redeem equity mutual funds after strong returns? Here's when rebalancing matters
Portfolio reviews every six to 12 months are generally sufficient for long-term investors, according to Prableen Bajpai of FinFix Research and Analytics. She advises rebalancing only when asset allocation deviates meaningfully, financial goals approach, or major life events warrant a review.
Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?
Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and government securities. Deposit growth has slowed while credit demand has climbed significantly in recent months. This widening gap may compel banks to attract more deposits through better rates. Banks may revise fixed deposit rates after any Reserve Bank of India policy changes.
MPC's 3-day meeting begins amid expectations of status quo on interest rates
As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth
The Bankers Books Evidence Bill, 2026, which seeks to repeal the 1891 Act, provides for a technology-neutral legal framework for bankers books
Gold price today: Gold prices remained steady on Monday, August 3, 2026, across major Indian jewelry brands. The India Bullion and Jewellers Association provided indicative rates for various gold purities. These rates may fluctuate based on location and taxes.
8th Pay Commission salary calculator: How Level 1 employees' basic pay could double in just 7 years
HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) deposit tenures, effective August 2026. The government will bear hedging costs on three to five-year FCNR(B) deposits until September 2026.
Karnataka Bank launches KBL Finsurance platform
The project is powered by SprintMoney, a fintech company providing a comprehensive suite of white-labelled digital solutions to banks and financial institutions
Are housing societies allowed to impose user charges for facilities like gyms or swimming pools separately from maintenance? Know what the law says. The law says the Apartment Owners Association cannot impose arbitrary, retrospective or discriminatory charges that effectively deny equal access to common amenities.
New Reserve Bank of India rules will change bank deposit interest rate disclosures starting October 2026. Banks will gain flexibility in setting interest rates for bulk deposits of three crore rupees and above. These institutions must now publish bulk deposit rates on their websites daily by ten AM.
Hackers hit Bitcoins safest hiding place in ongoing attack
Roughly 1,367 of the tokens worth some $86 million had been drained from more than 4,500 wallet
Sun Pharma to Thermax: 10 stocks Motilal Oswal is buying, selling and neutral on post Q1 results
Personal loan vs credit card: Here's exactly when to use each one during an emergency
Sensex, Nifty underperform over 2 years, but these 3 mutual funds deliver double-digit gains
Benchmark indices like Sensex and Nifty 50 showed negative returns over two years. However, select midcap, smallcap, and multicap funds delivered double-digit gains. These funds benefited from active stock selection and exposure to different market segments. Experts advise a balanced approach, combining index and actively managed funds. Investors should focus on asset allocation and gradual investments through SIPs.
Economists and market experts believe the RBI is unlikely to rush into any change in interest rates despite persistent global headwinds, including elevated crude oil prices and a relatively hawkish U.S. Federal Reserve
Q1 Results Today, 03rd August 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook
Oil jumps 20% in July as US-Iran war escalates
Oil prices saw volatility last week but are set for significant monthly gains. Escalating United States-Iran tensions and Houthi attacks are impacting global energy markets. Saudi Arabia is forming an alliance to protect Red Sea navigation from militant blockades. Concerns also persist regarding supply disruptions in the Black Sea region. Energy markets are reacting to geopolitical events and drawing down United States stockpiles.
Market returns: Micro caps & small caps lead in 2026
Heres our TrendMap, your quick guide to the performance of different investment segments. No single segment always leads. In this edition, we present a 10-year equity performance tracker, ranking annual returns across market-cap segments. Investors risk appetite has turned more selective in 2026 so far. By Sameer Bhardwaj.
Why gifting wealth early makes sense
Gifting and charity, in cash and kind, during ones lifetime offers the scope for creating shared experiences of celebration, travel, entertainment and eating out together, for both generations. The caveat, of course, is the inability and perhaps unwillingness of seniors to make spending decisions.
How teenagers can master the art of budgeting
Bala eyed a Rs.1,500 online shopping cart with a tech organiser and gel pens. But with a Rs.2,500 monthly allowance, he realised buying both meant giving up his Friday pizza. He kept only the gel pens, saved Rs.1,000, and learned that budgeting is about making smart choices. Good money management starts with knowing where your money goes.
SIFs: Everything you need to know before investing
A guide to the objective, strategy, risk band and red flags that separate a good SIF from a risky bet.
REIT mutual funds vs REITs: Who has the edge?
REIT mutual funds just fixed the tax drag that kept sharp investors on the sidelines, along with illiquidity and concentration risk.
Defence stocks rally: Still worth buying?
Order books, exports and government spending driving the sector, but valuations are no longer cheap.
Social Stock Exchange: Whats in it for investors?
Every SSE listing goes through months of due diligence, financial and social audits.
Big age gap between children? It comes at a cost
Kids years apart can mean juggling childcare and college costs at the same time, often delaying retirement.
Muthoot is to gold loan what SBI is to banking, George Alexander Muthoot
For our customers, gold loans remain primarily a short-term financing product.
No extraordinary spending planned this fiscal, says Niva Bupa; insurer eyes EoM reduction
Builder's hired firm wanted to pay 56 tenants additional Rs 8 crore to vacate land; Tax Dept sent notice citing this payment as contingent liability; ITAT Mumbai cancels tax notice and rejects tax dept's contention. Know the full details of what happened in this case.
IRDAI mandates approval at every key ownership threshold in insurers as sector opens up
The most significant change relates to prior approval for share transfers
RBI likely to hold rates in August, retain hawkish tone: Economists
The MPC will meet between August 3 and August 5 to decide on the policy rates.
No plan to monetise subsidiaries, focus on enhancing their value: PNB MD
PNBs capital adequacy improved to 18.13% as on June 30, 2026, compared to 17.5% at the end of the first quarter of the previous fiscal year
Know Your Fund Manager | Gaurav Chopra, Fund Manager Equity at Union AMC
With over a decade of experience in equity research, portfolio management and fund management, Union Mutual Fund's fund manager shares his career journey, investment philosophy and the principles that guide his approach to creating long-term wealth for investors.
Edelweiss Mutual Fund is launching India's first REITs-oriented index fund, the Edelweiss Nifty REITs & Realty Index Fund, offering investors diversified exposure to listed REITs and real estate companies through a single passive fund. The NFO opens on August 5 and closes on August 19, with the fund aiming to provide tax-efficient access to the listed real estate ecosystem.
Mutual fund NFOs: 7 new funds will open for subscription this week. Check dates
Seven mutual fund NFOs from Kotak, Motilal Oswal, AlphaGrep, JioBlackRock, Edelweiss and Franklin India will open for subscription this week. The offers span index funds, ETFs, a fund of funds and a short-duration debt scheme, with minimum investments ranging from Rs 10 to Rs 5,000.
Equity mutual funds gained up to 6% in last week of July. Check top 15 with over 3% gain
Equity mutual funds delivered gains up to six percent in the last week of July. Top performers included technology and transportation sector funds which saw significant returns. SBI Technology Opp Fund and Aditya Birla SL Digital India Fund led the gains. ICICI Pru Transportation and Logistics Fund also performed well during this period. Several other tech and logistics funds also registered positive returns.
IIRM Holdings raises 150 crore from Carpediem Capital, Sanshi Fund-I
The proceeds will fund expansion, acquisitions, capital expenditure and working capital
CBI books Reliance Capital, ex-chairman Anil Ambani for causing EPFO loss of over 1,800 crore
The action stems from a July 21 complaint by the Union Ministry of Labour and Employment alleging cheating, criminal conspiracy, and causing wrongful loss to the EPFO
UPI clocks record 23.66 billion transactions in July as everyday usage powers growth
UPI transaction volumes rose 4.1% month-on-month from 22.72 billion in June, while the value of transactions increased 3.3% from 28.92 lakh crore
UPI transactions reach record high of 29.9 lakh cr in July
UPI transactions touched a record high of 29.9 lakh crore in May 2026
Muthoot Finance announces leadership succession: Names Alexander George as MD
Muthoot Finance has unveiled a leadership transition as it prepares for its next growth phase after achieving record business milestones
Muthoot Finance Q1 profit rises 25% to 2,550 crore; gold loan AUM jumps 44%
Strong demand for gold-backed credit helped Muthoot Finance deliver record loan growth and double-digit profit expansion in the first quarter
Karnataka Banks total business crosses 2 lakh cr
The gross aggregate business of the bank stood at 1,97,006.62 crore for the quarter ended June 30, 2026
Builder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer can't be penalised for builder's fault and gives him 54F tax exemption. Know how homebuyer won Section 54F tax exemption case in Telangana High Court.
Homebuyers lost access to his parking spot after neighbour parked his 2nd car there; Maharashtra co-op appellate court dismissed homebuyers' plea on this ground. The court held that a parking allotment made by a housing society to the original owner does not automatically pass to the 2nd purchaser of the flat. Know more.
For theft of mangalsutra, State Bank of India (SBI) passbook and cash in Rajdhani 3AC coach, North Railways ordered to pay Rs 80,000 compensation to husband and wife duo; Know why. This article has the details.
Bandhan Small Cap among 4 small caps that delivered over 20% CAGR since their respective inception
The top four small-cap mutual funds have delivered over 20% CAGR since their inception. Here's a detailed look at their AUM, inception dates, and performance. (Source: MF Screener)
FCNR(B) deposit inflows robust at $36.725 billion between June 8 and July 31: RBI
Banks have attracted massive NRI deposits under the RBIs temporary hedging facility, boosting forex inflows and strengthening external sector confidence.
Here is a look at the latest 22k gold rates at leading jewellery brands and 14k, 18k, 20k, 22k and 24k indicative retail selling gold prices and the 999-purity silver rate at the Indian Bullion and Jewellers Association's (IBJA) today.
Planning investments in midcap mutual funds? Check these 5 funds with upto 25% gain in 3 years
Explained: How the 8-4-3 rule of compounding can help you reach Rs 1 crore sooner
Disciplined investing and compounding accelerate wealth growth towards a Rs 1 crore corpus. The 8-4-3 rule demonstrates how initial investments grow significantly over time. Higher investment returns and frequent compounding periods reduce the time needed to reach financial goals. Starting early and investing consistently maximizes the benefits of compounding for wealth accumulation. Time is a crucial advantage, allowing investments to multiply substantially with regular contributions.
Returns from mutual fund schemes over the past year varied sharply across categories, highlighting the importance of choosing the right fund. Here's a look at the top-performing schemes in each category compared with their benchmark and category average, based on an ET Bureau report.
Retiring with an EMI? Here's when it can make sense and when it could derail your retirement
Retiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than complete debt elimination. High-interest unsecured loans pose the greatest risk to retirement finances. Strategic debt management and income generation can support manageable EMIs. Planning finances across life stages helps avoid retirement debt burdens.
Fed Chair Kevin Warsh proposes reducing number of Federal Reserve policy meetings: Report
The proposal could mark the biggest operational change at the Federal Reserve in decades, altering how often policymakers communicate.
FD rate up to 8.3% for senior citizens investing for three years; Know list of banks
Select banks offer senior citizens fixed deposit interest rates up to 8.3 percent. Jana Small Finance Bank provides this highest rate for a three-year term. TDS is deducted if FD interest exceeds Rs 1 lakh annually for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero. This form helps banks avoid deducting tax when income falls below taxable limits.
Missed filing your ITR by July 31, 2026? Know your options and heres what you can do now
Taxpayers missing the July 31, 2026 income tax return deadline have options. A belated ITR can be filed until December 31, 2026, with a late fee. Alternatively, a condonation of delay application can be submitted for acceptance. Filing after the due date incurs interest on unpaid taxes and potential loss of benefits. This process may also lead to delayed refunds and increased compliance scrutiny.
All scheduled and non-scheduled banks observe holidays on the second and fourth Saturdays. Banks remain open on the first, third, and fifth Saturdays unless a holiday is specified.
GIFT City offers NRIs and OCIs a dollar-denominated investment ecosystem. This financial hub provides access to global and Indian investment products. Investors can avoid rupee conversion and navigate repatriation rules easily. Various investment options like mutual funds and fixed deposits are available. Read the article to look at the investment options, tax benefits, and the process to get started.
Bessents to-do list says Buy $5-10 billion in Japanese yen, Reuters photo shows
A Reuters photograph has sparked fresh speculation over possible U.S. Treasury action after Japanese authorities intervened to support the yen
ITR income tax filing deadline extension date July 31 2026: Has due date been moved to August?
The July 31, 2026, income tax return filing deadline remains unchanged for many taxpayers. Those who missed this date must now file a belated return and pay a late fee. Taxpayers with business income and those requiring a tax audit have different filing deadlines. The due date for business income without audit is August 31, 2026. Taxpayers needing a tax audit must file by October 31, 2026.
RBI streamlines supervisory framework with 64 Master Directions, withdraws 628 circulars
The new directions consolidate 628 existing circulars, including Master Circulars and earlier Master Directions, into a streamlined framework covering 11 categories of regulated entities.
Aditya Birla Capital Q1 net profit up 40% at 1,175 crore
Revenue grew 29 per cent yoy to 14,731 crore
Banks gradually increasing interest rates on fresh term deposits and loans
Banks also raise the one-year median MCLR to 8.6 per cent in July
ESAF Small Finance Bank clocks 80 crore PAT in Q1FY27
Banks gross advances stood at 23,216 crore and secured advances increased to 14,465 crore
Karnataka Bank appoints ParthasarathiPeriaswamyasAdditionalDirector
Periaswamy is a technology and cybersecurity leader with over three decades of experience at the highest levels of Indias financial sector
The Latest Fixed Deposit Interest Rates: Jul 31, 2026
The Latest Fixed Deposit Interest Rates: Jul 31, 2026
The Latest Home Loan Interest Rates: Jul 31, 2026
The Latest Home Loan Interest Rates: Jul 31, 2026
Pensionbazaar strengthens its corporate NPS platform to simplify retirement planning
Pensionbazaar has improved its Corporate National Pension System offering. This aims to make retirement planning more accessible and seamless for employees. The platform simplifies onboarding, contribution management, and account servicing for employers. Employees can now digitally manage their retirement corpus and track progress easily. This initiative seeks to make retirement planning a workplace priority and a natural financial journey.
DA hike for June 2026: Central government employees likely to get 63% dearness allowance after hike
DA hike: Central government employees anticipate a 3% dearness allowance increase. This expectation arises from the latest AICPI-IW reading for June 2026. The calculation suggests a potential 63% overall dearness allowance for employees. This hike will impact salaries across various pay levels under the 7th Pay Commission. The Finance Ministry will officially announce the final dearness allowance increase.
K Rajaraman gets extension as IFSCA chief till October 2028
Rajaramans extension is aimed at ensuring continuity at the helm as the regulator works towards strengthening the International Financial Services Centre ecosystem at GIFT City
RBI asks banks to install fake currency detection machines at branches along international borders
The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims to strengthen the identification and reporting of fake currency notes.
Aditya Birla Capital Q1 profit rises 40% to 1,175 crore
PM Kisan instalment date: Check eligibility, beneficiary status and how to complete e-KYC
PM Kisan 24th instalment: The PM Kisan scheme provides annual income support to eligible farmer families. The 24th instalment is anticipated in October 2026, following the June 2026 disbursement. Farmers can verify their beneficiary status online using Aadhaar or account numbers.
Investors face a choice between single and multiple fixed deposits for large sums. Splitting deposits offers better liquidity and increased insurance coverage. FD laddering allows reinvestment at prevailing interest rates for potential gains. Managing multiple FDs requires more effort and careful tracking of renewals.
Favara-UPI cross-border payment corridor goes live between Maldives, India
Following the launch of the service on Thursday (July 30), individuals from the Maldives can now transfer funds in real time to UPI-enabled bank accounts in India through their mobile banking applications
Bajaj Finservs Q1FY27 consolidated net profit attributable to owners up 12% at 3,132 cr
BFS to enter re-insurance business
Moody's assigns Baa2 rating to RBL Bank
The outlook for the bank is stable and incorporates strong affiliate support from Emirates NBD Bank, its largest shareholder
6 smallcap mutual funds deliver over 20% return in 6 months. Do you own any?
Six smallcap mutual funds delivered over 20% returns in the past six months, led by Bank of India Small Cap Fund, reflecting strong performance in the segment, according to ACE MF data.
Do you also believe that having more would mean that you will have a better plan? Well, if you do, you might be wrong. 'Business philosopher Jim Rohn's 70/30 money rule explains why financial planning matters more than income. Read on to know budgeting rules to manage your money smarter.
Rs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salaried employees may not be well versed in complex tax provisions. Read the story to know the full details.
Wealth creators: 12 equity mutual funds turn Rs 1,000 SIP to nearly Rs 3 crore since their inception
Twelve equity mutual funds have turned a Rs 1,000 monthly SIP into more than Rs 1 crore since their inception, with the top performer generating a corpus of up to Rs 2.86 crore. The list spans seven fund categories, led by midcap and flexicap schemes.
Fitment factor in 8th Pay Commission: Employee groups recommend increasing annual increments and merging dearness allowance with basic pay. This move aims to accelerate salary growth for government employees and pensioners. A higher increment rate and DA merger could potentially double gross salaries within seven years. Various organizations have submitted specific proposals regarding increment percentages and DA merger thresholds. These recommendations are part of submissions made to the 8th Pay Commission.
ITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline extension for income tax returns is unlikely. The e-filing portal has been functioning smoothly with no widespread technical issues reported. Taxpayers should file their returns by the July 31 deadline to avoid penalties. The government has previously extended deadlines due to significant technical problems.
Gold rate today: Gold prices saw a marginal increase at major jewellery brands today. Tanishq's 22k gold rate rose to Rs 13,300 per gram. Malabar Gold & Diamonds and Joyalukkas also reported slight price hikes. Kalyan Jewellers has yet to update its 22k gold price for the day. IBJA's indicative retail selling rates for gold and silver were also provided.
ITR filing deadline: Missing the July 31 income tax filing deadline allows for belated returns. Taxpayers can file a belated return within nine months of the tax year's end. A revised return can be filed within twelve months of the tax year's end.
What if you miss the July 31, 2026 ITR filing due date? Here are your options
Missing the July 31, 2026 ITR filing deadline incurs a late fee. Belated returns can be filed with interest and a penalty up to Rs 5,000. Crypto investors lose the ability to carry forward losses to future tax periods. Non-filing can trigger tax notices from the department. Options include condoning the delay or filing a belated return.
Taxpayers face a choice between filing income tax returns now or later. The income tax return due date is approaching for many individuals. Filing a revised return corrects errors but large deviations may attract scrutiny. Belated returns are an option if the original deadline is missed. Missing the belated deadline has consequences similar to not filing at all.
Capital Group buys 1.5% stake in IIFL Fin for 374 cr; stock rises over 2%
The transactions were executed on Thursday at an average price of 590 apiece, taking the deal size to Rs 374.02 crore
