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NRIs yern for higher returns: Banks mop up $65.397 billion in just 75 days via FCNR-B deposits
And the inflows are gathering pace as the RBI has cut short the deadline to offer concessional swap facility for fresh FCNR-B deposits mobilised by banks by a month to August 31, 2026
Income tax notice: 8 common notices, why you get them and how to respond
The RBI reported that authoriSed dealer banks recorded $65.397 billion in inflows from FCNR(B) deposits as of August 21
Can NRIs, OCIs & PIOs open FCNR, NRE, NRO accounts?
RBI forex swap facility attracts $72.85 billion inflows as of August 21
FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively
RBI FCNR(B) swap window inflows swell to $65.39 bn, total hits $72.85 bn
FCNR(B) deposits dominate inflows under RBI's special forex swap facility ahead of the August 31 deadline; ECB and OFCB windows remain open until December 31
Blockchain could make global financial transactions faster and cheaper: Report
The report said blockchain technology has enabled the development of digital assets, including unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins
Gold rates today: Here is a look at todays 18k, 20k, 22k and 24k gold prices at the India Bullion and Jewellers Association (IBJA), along with the latest 22k gold rates listed by Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers.
Rs 5 lakh investment in post office TD: 1, 2, 3 and 5-year interest rates, maturity amounts compared
Post office time deposits provide a reliable income source, supported by government assurance for investors. When you invest Rs 5 lakh, the maturity amounts vary significantly depending on your chosen tenure. The government updates interest rates quarterly, resulting in maturity values ranging from Rs 5.35 lakh to Rs 7.24 lakh. It's important to note that only the 5-year time deposit qualifies for tax benefits.
Planning a Rs 10 crore retirement corpus? Know the mutual fund SIP amount you need
See how your starting age can dramatically change the monthly SIP needed to build a Rs 10 crore retirement corpus by age 60, assuming a 12% annual return.
EPF vs stock market: EPFO reveals 6 reasons why EPF offers greater retirement security
The Employees Provident Fund (EPF) presents a government-backed savings scheme, ensuring consistent interest rates with mandatory contributions from eligible employees. In contrast, the share market offers a more volatile investment route, where participation is entirely optional. While EPF secures tax advantages, pensions, and insurance, shares may promise greater returns but come with inherent risks.
Saturday bank holiday today: Are banks open or closed today on August 22, 2026?
Bank holiday today: Bank customers are left wondering if they should go to the bank today or reschedule their trips for tasks like cash deposits, cheque clearances, demand drafts issue, etc.
Freelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is essential and varies based on turnover, with distinct reporting dates. Selecting the appropriate ITR form such as ITR-3 or ITR-4 plays a crucial role in accurately reporting income. Eligible business expenses can be claimed by freelancers, which helps minimize their tax burden, while income from foreign clients needs clear disclosure.
Bank of Baroda raises $400 million through 5-year senior unsecured notes
The fundraising expands Bank of Barodas overseas debt portfolio, following a similar $300-million issue earlier, under its broader medium-term programme
AMFI has launched five initiatives to deepen mutual fund participation, focusing on investor education, women, smaller cities, first-time investors and underserved communities. Partnerships with NISM, Sa-Dhan and Pinkathon aim to expand awareness, strengthen distributor ethics and encourage informed, responsible investing nationwide.
IRDAI bars Edelweiss Life, Pramerica Life from opening new offices for six months
The Authority will continue to take appropriate supervisory and enforcement action wherever regulatory non-compliance is observed
Indias actuarial body targets 30,000 members by 2031, bets big on AI and climate risks
Indias insurance sector is poised for rapid expansion, creating greater demand for specialised expertise in risk assessment, technology and financial regulation
Rupee under pressure, bond yields rise on crude, hawkish MPC signals
Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals
Poonawalla Fincorp raises 150 crore via 8.43% Tier II debentures
The fundraising will add to the lenders capital resources as its shares ended lower on Friday amid moderate trading activity on NSE
The Latest Fixed Deposit Interest Rates: Aug 21, 2026
The Latest Fixed Deposit Interest Rates: Aug 21, 2026
The Latest Home Loan Interest Rates: Aug 21, 2026
The Latest Home Loan Interest Rates: Aug 21, 2026
The Reserve Bank of India has set specific premature redemption windows for Sovereign Gold Bonds, allowing investors to withdraw funds between October 2026 and March 2027. Applications for early withdrawal must be made through approved channels, such as banks and post offices. It's imperative for investors to pay attention to these official dates to ensure their requests are processed without issues.
India's credit footprint expands as new states emerge as growth centres
Credit growth is shifting from traditional strongholds such as Tamil Nadu and Maharashtra towards Uttar Pradesh, Bihar and Madhya Pradesh, but penetration still trails developed markets
Employee switched job and got Rs 30 lakh salary on which TDS was deducted, forgot to file ITR, Tax dept sent notice and imposed Rs 3.74 lakh penalty, he fights and wins case in ITAT Delhi
Mumbai luxury housing sees 16 homes sold every day at 5 cr-plus in Q1 FY27
Mumbai recorded 1,499 luxury residential transactions priced above 5 Crore between April and June 2026.
Multiple insurance policies? Here's how coverage, claims and payouts work
Multiple covers can fill gaps in your financial protection, but they do not always mean double payouts for the same loss.
HDFC Flexi Cap among 7 mutual funds that multiplied investors' wealth up to 24x in 20 years
Seven equity mutual funds multiplied investors wealth up to 23.3 times over 20 years, led by Nippon India Growth Mid Cap Fund. The list spans largecap, midcap and flexicap categories, highlighting strong long-term wealth creation and sustained compounding across market cycles.
Samir Arora-backed Helios Flexi Cap Fund increased exposure to Swiggy, Paytm and 20 other stocks in July, while adding SBI Funds Management and four others to its portfolio. The fund also exited Varun Beverages and India Shelter Finance, while trimming its holdings in MCX and BSE during the month.
8th Pay Commission salary calculator: Central government employees are currently anticipating the recommendations from the 8th Pay Commission regarding the fitment factor. While a higher fitment factor is expected, it may not lead to a substantial doubling of gross salaries. Historical data from previous pay commissions indicates that the increases in gross salaries have often been lower than the increments in basic pay.
Bank offers up to 8.50% rate on senior citizen FD
Bitcoin set for biggest weekly gain in more than two years
Bitcoin advances almost 20% this week
ICICI Bank, Federal Bank among top bank picks by Axis Direct after Q1 earnings season
Quant Small Cap among 5 equity funds offering up to 25% SIP returns over 10 years
Five equity mutual funds have offered up to 25% annualised returns on SIP investments over the past 10 years
ICICI Bank doubles overseas borrowing limit to $5 billion
ICICI Bank has already raised $2.05 billion through dollar debt in the past month
HDFC Bank raises $1.75 bn through overseas bond issue to fund business
HDFC Bank has raised USD 1.75 billion through overseas bonds to fund its business growth. HDFC Bank , acting through GIFT City Branch, has completed the issue of USD 1.75 billion in senior unsecured bonds, the bank said in a regulatory filing. The private sector lender has raised USD 500 million with notes carrying a coupon rate of 5.159 per cent and maturing in three years, while the remaining USD 1.25 billion five-year paper carries a coupon rate of 5.4 per cent, it said. These papers will be listed on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX) , it added.
Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal, sources say
The Canadian investor is likely to be given up to two years to either sell its stake in CSB Bank or merge it with IDBI Bank, sources said
Joint FCNR(B) accounts for NRIs: Eligibility, rules and tax benefits
NRIs can add eligible resident relatives to FCNR(B) accounts, but the 'Former or Survivor' rule and other conditions apply
FPIs chase India's consumption story, pull money from telecom and realty
Overall, the allocation trend points towards a clear shift in FPI preference towards consumption, automobiles, technology and healthcare sectors.
Rupee gains 9 paise to 95.65 against US dollar during early trade
The rupee gained 9 paise to 95.65 against the US dollar in early trade on Friday, supported by the weakening of the American currency in the overseas markets. Forex traders said for India, a softer dollar is being offset by another challenge elevated crude oil prices. Meanwhile, RBI Governor Sanjay Malhotra has indicated that the central bank expects at least USD 80 billion of foreign currency inflows. According to forex traders, while the RBI Governor's statement offered some reassurance, elevated oil prices, persistent geopolitical uncertainty, and a structurally reduced foreign presence continue to neutralise fresh dollar inflows. At the interbank foreign exchange, the rupee opened at 95.69, then rose to 95.65, higher by 9 paise from its previous close. On Thursday, the rupee pared initial gains and settled for the day down 1 paisa at 95.74 against the US dollar. Governor Sanjay Malhotra indicated that the central bank expects at least USD 80 billion of foreign currency inflo
Rs 30,000 monthly SIP across 10 funds. Why this investors mutual fund portfolio may need a reset
A 36-year-old investor's Rs 30,000 monthly SIP portfolio requires adjustments for financial goals. The expert highlights an inadequate retirement corpus projection, needing a revised calculation. Too many mutual funds create complexity and potential overlap for the current SIP amount. Goals approaching sooner need greater funding priority over longer-term objectives. A goal-wise approach is recommended, working backward from each financial target.
HDFC Bank shares in focus after record $1.75 billion overseas bond raise. What lies ahead?
HDFC Bank raised $1.75 billion through a twin bond sale to overseas investors. The lender raised $500 million via three-year bonds and $1.25 billion through five-year securities, both priced at tighter spreads than initial guidance, signalling strong investor demand.
Bitcoin leaps past $75,000 as crypto rally continues in Asia
The original cryptocurrency climbed as high as $75,740 as of 10 a.m. in Singapore
ITC Share Price Live Updates: ITC's Market Update
Tech Mahindra Share Price Live Updates: Tech Mahindra's Current Trading Status
M&M Share Price Live Updates: M&M Market Activity
Infosys Share Price Live Updates: Infosys News
Asian Paints Share Price Live Updates: Asian Paints Price Analysis
Titan Company Share Price Live Updates: Titan Company continues to perform well in the market
Tata Motors PV Share Price Live Updates: Tata Motors PV Sees Minor Decline
Tata Consumer Share Price Live Updates: Tata Consumer News
Sun Pharma Share Price Live Updates: Sun Pharma's Recent Trading Activity
Nestle India Share Price Live Updates: Nestle India Price Fluctuation
Apollo Hospital Share Price Live Updates: Apollo Hospital Stock Details
HDFC Life Share Price Live Updates: HDFC Life's Market Update
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Price Movement Analysis
Rs 4.5 crore retirement corpus: Can you get Rs 4 lakh monthly income without losing your corpus?
For retirees looking to maximise their post-tax earnings, allocating a Rs 4.5 crore corpus into mutual funds is a viable option. Utilising a bucket strategy allows for an effective diversification across various fund typesliquid, debt, and equityfacilitating consistent income generation. This tactic not only mitigates tax exposure more efficiently than fixed deposits but also yields tax exemptions on capital gains.
This Haryana man's case was picked up for scrutiny, and during the proceedings the Assessing Officer found large cash deposits, unsecured loans worth crores, and discovered that the Rs 3 lakh agricultural income wasnt substantiated by supporting evidence. Read on to know what happened next, and what has the ITAT ordered.
UCBs may be small, but their risk environment is far larger: RBI Dy Guv Swaminathan
Greater digital adoption and reliance on external technology providers are expanding the risk landscape for smaller banks, demanding stronger safeguards and oversight.
UPI adoption accelerates in capital markets, led by brokers and rising retail participation
Validated UPI framework powers 3.24 lakh crore in capital market transactions, brokers dominate activity
SBI widens cash withdrawal charges to all basic account customers push to plug fee income leak
Withdrawals beyond four will attract a charge of 15 plus GST per transaction
Former ISRO Chairman Panicker appointed Director on RBIs Central Board; Anand Mahindra re-appointed
Their appointment is for a period of four years
He emphasised that the next phase of reform will be judged by accessibility of the foreign exchange services that citizens receive
7.5% growth is a given, India should aspire for more: RBI Deputy Governor
As per Gupta, RBIs ongoing work also suggests Indias growth is increasingly being supported by improvements in labour and capital quality
SEBI, RBI working on bond tokenisation project; pilot to test faster settlement
WTM Amarjeet Singh says the project will examine simultaneous transfer of securities and automated coupon payments; consultation on a wider bond distribution framework soon
Can NRIs open joint FCNR (B) accounts with resident Indian relatives? Know what the latest rules say
Non-Resident Indians are allowed to set up joint FCNR (B) accounts with their resident family members. These accounts must function on a 'Former or Survivor' arrangement for the NRI. Eligible resident relatives include immediate family members and their spouses. The money for these accounts should be sourced from international transfers or existing Indian accounts. Both the principal amount and accrued interest are exempt from taxes and fully repatriable.
IRDAI bars Niva Bupa from adding new branches for six months
The regulatory action follows scrutiny of the insurers expenses, while Niva Bupa maintains that recent-period compliance remains on track.
Bitcoin roars past $70,000 as yields sink, Trump sparks optimism
Bitcoin rose about 4.1% to over $71,900, its highest level since May 31
Jefferies favours two-wheeler stocks over four-wheeler stocks as earnings gap widens
Jefferies prefers two-wheeler stocks over passenger vehicle makers, citing stronger volume growth, resilient margins and improving earnings. TVS Motor Company and Eicher Motors remain its top picks, while Tata Motors Passenger Vehicles and Hyundai Motor India carry Underperform ratings amid rising competition, higher discounts and a weaker earnings outlook.
Eternal, Adani Enterprises and TCS among top 10 stocks with biggest rise in MF holdings in July
Mutual fund SIP inflows rose 12% YoY to Rs 31,961 crore in July, while SIP accounts increased 12.5% to 10.63 crore. Franklin Templeton India highlighted strong inflows into flexicap and multi-asset funds, along with rising passive fund AUM and broader growth across the mutual fund industry.
This policy adjustment aims to streamline banking services while maintaining accessibility for account holders who meet the banks KYC requirements.
Why Zerodhas Nithin Kamath wants fintech founders to rethink trading in the age of AI
Zerodha founder Nithin Kamath has urged fintech founders to rethink the future of trading and investing as AI, evolving market structures, regulations and emerging technologies reshape financial markets. He said brokers could eventually become little more than a pipe between customers and exchanges, while Rainmatter is again doubling down on fintech investments.
Equity and passive funds gain prominence as investor allocation shifts over 5 years: ICRA Analytics
Over the past five years, mutual fund assets under management have experienced remarkable growth, primarily fueled by the popularity of equity and passive funds. The surge in passive fund folios, which saw an increase of more than five times, highlights a growing preference among investors for low-cost investment options. In contrast, debt fund folios grew only marginally, emphasizing a significant shift in investor focus towards equity and passive investment strategies.
When selling Indian assets, be cautious of the potential tax implications linked to your country of residence. Tax obligations can vary based on your residency timeline and applicable regulations. Read on to understand how your residency can impact your tax bill if you are an NRI in the US, UK, Canada, Australia, Singapore or UAE.
Home loan interest rates vary based on credit score and other borrower factors. A good credit score is essential for securing a low home loan interest rate. Borrowers should compare banks to find the best home loan interest rates.
Land fraudulently sold for Rs 6.82 crore cash
Karnataka raises pension income limit to Rs 1.2 lakh: Who benefits
State's move could bring eligible elderly, widows and disabled beneficiaries back into the social security pension net after verification
Capitalmind Flexi Cap Fund exits Vedanta and 10 others; adds 9 stocks
Deepak Shenoy-backed Capitalmind Flexi Cap Fund exited 11 stocks, including Vedanta and Vedanta Oil and Gas, and added nine stocks, including Radico Khaitan, in July. The fund also increased exposure to 17 stocks while reducing its stake in two stocks during the month.
IT stocks extend gains for second day; Coforge, Infosys, Persistent Systems rise up to 3%
IT stocks extended gains for the second straight session, with Coforge and Persistent Systems leading the rally. Infosys, Wipro, TCS and Tech Mahindra also traded higher, lifting the Nifty IT index nearly 2%. The rally was driven by value buying amid a weaker rupee, with Indian IT stocks continuing to outperform global tech peers.
Gold rate today: Gold prices surged in various major Indian cities as jewellers adjusted their rates for 22k gold jewellery, marking a noticeable increase from the previous day. Noteworthy brands such as Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers are reflecting these heightened prices.
ICICI Prudential Mutual Fund: RIL, Infosys and HDFC Bank among top 10 stock holdings in July
Sending money abroad? Why your transaction could draw tax scrutiny
The Income Tax Department is verifying 394 entities over suspicious overseas remittances, with mismatches in income, turnover and payment purpose raising red flags
HDFC Bank eyes $1 billion overseas debt raise, bankers say
The lender plans to raise at least $500 million each through three-year and five-year bonds via its GIFT City branch
EPF error: This small mistake could affect your pension, PF balance and withdrawals
