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RBI seen beginning rate-hike cycle, repo rate may reach 6% by FY27 as inflation risks rise: Reports
Union Bank expects the MPC to raise the repo rate by a quarter percentage point to 5.50% in the current review and shift towards a calibrated tightening stance
Aadhaar isn't mandatory for every pension life certificate; here's what is
If you're managing cryptocurrency on international exchanges without disclosing them in India, the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) could be essential for you. This piece delves into the necessary steps for declaring foreign digital assets and discusses the consequences of failing to disclose crypto investments, highlighting potential tax liabilities and legal safeguards.
GST input tax credit: What businesses can claim and what stays blocked
From raw materials and rent to motor vehicles and construction, businesses can claim ITC on eligible expenses, but GST rules block credit for several categories
Priming the market for a repo rate hike? RBI announces bigger VRRR auction
The last time RBI conducted a VRRR auction bigger than 2.50 lakh crore was 3 lakh crore on September 17th.
Piramal Finance directors okay 1,750-cr preferential allotment ofwarrants topromoter group
82.94 lakh warrants of the company will be allotted topromoter group entityNithyam Realty
RBI absorbs 2.10 lakh crore via two overnight VRRR auctions
Over the last two months, the central bank has undertaken multiple VRRR auctions to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate
Kotak eyes doubling SME portfolio to 2.5 lakh crore in three years
The private-sector bank sees a Rs 28 lakh crore untapped credit opportunity; combines funding, digital solutions and IIT-led AI training programmes to deepen entrepreneurs engagement
The government has raised the wage limit for the Employees' Provident Fund from Rs 15,000 to Rs 25,000 monthly. This adjustment mandates that employees earning under Rs 25,000 join the EPF and EPS schemes. Existing EPS members above this wage threshold will maintain their status, while new entrants wont be obliged to enroll. This reform seeks to enhance social security benefits for workers and their families.
FD interest rate hike coming? With rising inflation, many experts expect RBI to hike interest rate
Many financial analysts expect the Reserve Bank of India to increase the repo rate by 25 basis points. This forecast is driven by persistent inflation, soaring crude oil prices, and a depreciating rupee. Should the RBI implement this hike, it could lead to higher fixed deposit returns for investors. Meanwhile, public sector banks continue to offer lower rates, struggling against fierce competition from government securities and small savings schemes.
JioBlackRock Mutual Fund files draft document with Sebi for a gold ETF
JioBlackRock Mutual Fund has filed a draft document with Sebi for JioBlackRock Gold ETF, an open-ended scheme tracking domestic gold prices. The ETF will invest 95-100% in gold and related instruments, with a minimum investment of Rs 500.
Groww Value Fund among 5 value funds with highest cash holdings. Check details
The top five value and contra mutual funds held up to 16% cash in August, with DSP Value Fund recording the highest allocation. Fund managers may retain cash to meet redemptions and deploy funds when investment opportunities emerge.
SBI FD calculator: What Rs 1 lakh investment in fixed deposit can give you in 1, 3, 5 and 10 years?
SBI FD interest rate: Investors frequently look to calculate the maturity amounts for their fixed deposit investments with the State Bank of India. Factors such as tenure and current interest rates play significant roles in these calculations.
Wife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs 67 lakh; she claimed its ancestral and wins relief in ITAT Mumbai.
A 57-year-old investor faces Rs 16 lakh LTCG tax after selling land near Jewar airport. Experts suggest verifying the liability before deciding between property reinvestment or diversified equity investments.
A Rs 10,000 monthly SIP in 12 equity mutual funds grew to more than Rs 10 crore since their respective inceptions, an ETMutualFunds analysis found. Nippon India Growth Mid Cap Fund topped the list with Rs 27.13 crore, followed by Franklin India Mid Cap Fund at Rs 22.13 crore, highlighting long-term wealth creation.
Gold rate today: Gold prices showed little change at major jewellery brands across multiple cities on October 5, 2026. The indicative rates from the India Bullion and Jewellers Association showed a slight decline in bullion prices.
Central Bank of India logs robust 29.83% jump in global advances in Q2FY27
As at September-end 2026, the public sector banks global advances and total deposits stood at 3,81,035crore and 5,08,586crore, respectively
Variable dearness allowance: The government has announced an increase in Variable Dearness Allowance affecting various sectors including agriculture and construction. This revision will take effect from October 1, 2026, and will adjust minimum wages for workers accordingly.
8th Pay Commission arrear calculator: Level 7 employees may lose up to Rs 3.32 lakh due to delay
HDFC Bank mobilises over 1.5 trillion in deposits in September quarter
Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to 33.27 trillion, while advances grew 16.3 per cent year-on-year
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFIs H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
$11.5 billion FCNR (B) deposit mop up: HDFC Banks deposits grow faster than advances in Q2FY27
As per provisional business figures, Indias largest private sector bank reported a 18.8% year-on-year (yoy) growth in deposits and 16.3% yoy growth in gross advances in the reporting quarter
HDFC Bank shares rise nearly 2% after Bagchi appointment, Q2 business update
Shares traded flat at 723 on the NSE at 9.58 am after rising to 734.20 in early trade from 721.20 previous close
Top 10 mutual funds to invest in October 2026
An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season.
Indian ITs Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power
As Indian IT firms gear up for their Q2 earnings report, the landscape appears mixed. Strong deal activity persists, yet clients are pushing for higher efficiency, leading to a notable decline in revenue growth. Large IT companies may witness their weakest growth in three years, primarily due to acquisitions rather than organic expansion. Infosys is under a microscope for possible downward adjustments to its revenue guidance.
Adani Ent Share Price Live Updates: Adani Enterprises Current Price Update
JSW Steel Share Price Live Updates: JSW Steel Shows Positive Trend
Cipla Share Price Live Updates: Cipla's Recent Market Activity
ITC Share Price Live Updates: ITC Stock Details
TCS Share Price Live Updates: TCS Stock Details
Bharti Airtel Share Price Live Updates: Bharti Airtel's Current Trading Status
Markets bet on RBI rate hike as inflation pressure builds
As inflation concerns rise, investors are putting their faith in the Reserve Bank of India to implement an interest rate hike. A survey reveals that nearly 60% of economists believe a 25-basis-point increase is likely at the coming policy meeting. With an eye on foreign investment, expectations are growing for a tightening cycle to kick off in October, setting the stage for how future capital flows will be managed.
What rising US Treasury bond yields mean for markets
Cutting through money jargon, one topic at a time. This week, Sanket Dhanorkar explains why yields on US Treasury bonds matter, and what it means for Indian investors. Rising US bond yields mean investors are demanding a higher return to buy and hold that debt. This reflects concerns over the weak fiscal position of the US and the inflationary impact from steep oil prices.
Fewer Indians think Rs 1 cr is enough for retirement
Working Indians across generations are increasingly proactive towards retirement planning, even as most believe they are not adequatelyeither financially, physically or emotionally prepared for their twilight years, the latest edition of an annual study by Axis Max Life Insurance shows. 1 in 2 respondents think they should start plan ning for retirement from their 1st pay cheque.
Festive sales and shopping traps: Be a smart shopper
Bala had saved 2,000 for headphones. He spotted a pair at 40% off, but the prompt, Only 2 left! and Add 500 more for FREE shipping! nudged him into adding a phone cover and a notebook. He ended up spending more than he had planned. During festive sales, around Dussehra and Diwali, such offers can push us to buy faster, spend more or buy things we dont really need.
Switching jobs? Dont treat the offer letter as a job
Cover the risks between your old payslip and the new one, says Devashish Chakravarty. Read the print on your offer before you re sign. Routine conditions are fine, such as background verification, document checks and reference calls. Speed them up. Watch out for clauses that can delay or withdraw the offer, like a joining date to be confirmed, or a role tied to a client contract, or a probation that is extendable.
Can these EMS stocks gain as sector sees good growth
Investor enthusiasm around the sector is visible in the performance of nine EMS stocks covered by multiple brokerages. The group has delivered an equal weighted average return of 55.3% so far in 2026, compared with 1.1% for the Nifty 500 Equal Weighted Index. Seven of the nine stocks have delivered posi tive returns, while three have gained over 100%. The analysis is based on closing prices as of 28 September 2026.
AI can pick funds, but it can't stop panic selling
The software can analyse thousands of funds and figure out that the three or four you are researching have almost identical portfolios. However, the investors real challenge lies in the middle stage. Choosing a good fund is the easy part because there are actually a lot of good funds and distinguishing the good from the bad is not black magic, nor is it guesswork.
Wealth adviser WhatsApp hack: Know the danger signs
Recent incidents highlight the increasing threat of compromised WhatsApp accounts among financial advisers in India. These attacks exploit trust, as fraudsters impersonate advisers through hacked accounts. Financial firms have implemented strict new security measures to mitigate future attacks and protect client information. Advisers urge their clients to adopt safer communication practices when handling sensitive financial information. Staying vigilant and verifying communications can prevent potential scams and financial losses.
EPF wage ceiling hike: Impact on EPF, EPS, salary
While the higher ceiling does have an impact on immediate net cash take-home of the employee due to increased contribution, it will certainly support building of future corpus for retirement and higher pension by way of contribution to the provident fund and pension scheme.
EPF wage ceiling hike: EPS legacy issues remain
The recent adjustment to the Employees' Provident Fund wage ceiling significantly widens eligibility for benefits, raising the contribution limit from Rs. 15,000 to Rs. 25,000. This revision aims to enhance social security, but it might pose complexities for pension contributions. Employees should verify the accuracy of their EPS records to prevent issues, as the swift rollout of the new ceiling could lead to unforeseen challenges.
Insurance mis-selling: Why IRDAI's role is the key
The Insurance Regulatory and Development Authority of India has announced new proposals to limit commission rates for insurance distributors. This move seeks to tackle high distribution costs, ultimately enhancing the policyholder experience. By implementing reforms aimed at fostering customer-centric practices, the initiative aims to curtail the mis-selling of insurance products. Insurers must align their compensation methods with the value delivered to customers.
Travel planning: Don't overlook these hidden costs
Many travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overlooked charges can hike trip costs by 25-40%, creating budget overruns. It's vital to include local transport, dining, and extra fees in your budget to avoid unexpected financial surprises. Employing effective budgeting techniques ensures a smoother and more enjoyable experience abroad.
The CEO factory: How ICICI, SBI, Axis shaping financial services leadership
HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles
From pause to tightening: 7 in 10 bank economists expect a neutral policy stance
SBI appoints Deepak Kaushik as Chief General Manager of Bengaluru Circle
Former Country Head for East Asia will oversee the banks second-largest circle, with 1,573 branches across Karnataka
Deposit growth gets a leg-up for banks in Q2 due to FCNR(B) mobilisation
Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window
Equity MFs delivered up to 5% return last week; international funds lead. Check top 5 performers
Equity mutual funds delivered up to 5% returns last week, with international schemes dominating the gainers. Only 49 of 626 funds posted positive returns, while losses reached 3.8%.
Turn sporadic savings into a system: Set a budget, review regularly
A practical guide to breaking the cycle of irregular savings and building a consistent, stress-free financial buffer
3 passive mutual fund NFOs to open on Monday. Check key details
Three passive mutual fund NFOs from JioBlackRock, Kotak and HDFC will open for subscription on October 5 and close on October 19. Here are their investment categories, minimum application amounts and other key details.
UPI transaction value may drop 10% after Oct 15 MDR rollout: Survey
LocalCircles estimates UPI transaction volumes could fall 4% and value 10% as consumers shift to cards, cash and bank transfers if merchants pass on the MDR
RBI repo rate likely to climb to 6% in FY27; G-Sec yields face upward pressure
A broad CRR hike appears less preferred, given RBIs earlier exemption of eligible FCNR(B) deposits from reserve requirements, report read.
Parliamentary panel may recommend govt for action on monitoring crypto
A parliamentary panel may recommend to the government how to monitor cryptocurrency transactions and what to do legally with such digital assets, a source aware of the matter said. The Parliamentary Standing Committee on Finance, headed by BJP MP Bhartruhari Mahtab, has examined various aspects of Virtual Digital Assets (VDAs), a legal term for cryptocurrencies and non-fungible tokens (NFTs), for over a year and held more than half a dozen meetings. The panel is currently preparing its report for submission to the Speaker of the Lok Sabha. There is a possibility that the committee may recommend to the government action for monitoring of cryptocurrency transactions and wider consultations on what to do legally with all such digital assets, the source said. The panel is also likely to suggest that the government bring in the latest technology for stricter monitoring of all digital assets. India does not recognise crypto as an asset and has issued no direction to regulate them in the
CBI chargesheets RCom, ex-LIC chief investment officer in Rs 3,750-cr cheating case
The investigation concerns LICs 2012 subscription to non-convertible debentures issued by Reliance Communications on the basis of alleged misrepresentations
RBI Committed To Remain Vigilant Of Emerging Vulnerabilities, Keep Financial System Resilient: Guv
Malhotra also flagged a new generation of systemic risks that are increasingly exogenous, cross-border and interconnected.
Resilience of financial system not a guarantee against future vulnerabilities: RBI Guv
Todays resilience may not necessarily imply tomorrows immunity, RBI Governor Sanjay Malhotra says as he flags increasing exogenous systemic risks
Debt funds whose returns are more than a conventional fixed deposit instrument.
GIFT City has rules for family offices to go global, but capital controls remain a hurdle
GIFT Citys offshore Family Investment Fund regime allows Indian family offices to access global markets, as outbound schemes raise about $1.1 billion
Tenant can't claim protection from eviction without first proving signing of an unregistered rent agreement with the property owner's brother, rules Madras HC. In this case the property owner's brother allegedly signed the rent agreement but this aspect could not be proved by the tenant.
These 9 equity mutual funds lose over 8% in September. Are any of these part of your portfolio?
Mutual fund investors lost upto 10% in September with the benchmark index - Nifty 50 down 5.56% in the same period.
Rs 1.42 lakh outstanding maintenance dues: Housing society calls resident a defaulter, Maharashtra State Co-Operative Appellate Court protects him from being labelled defaulter; Know why
In a recent announcement, the Ministry of Finance reaffirmed the Sukanya Samriddhi Account interest rate at 8.2%. The next evaluation of small savings scheme rates is set for the December 2026 quarter. To initiate a Sukanya Samriddhi Account for a girl child, a minimum deposit of Rs 250 is required. The account matures after 21 years and permits partial withdrawals for education post age 18.
Gold rate tpday: Today, gold prices have shifted downwards among various prominent jewellers, with Tanishq holding steady at its previous rate. As of October 3, 2026, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers listed their 22k gold price at Rs 13,675 per gram, while Tanishq's price remains unchanged at Rs 13,820 per gram. This update is vital for potential buyers considering gold investments.
Saturday bank holiday: Are banks open or closed today on October 3, 2026?
On October 3, 2026, all banks are operational across the nation despite a recent holiday. Customers can engage in banking activities online and via UPI services. October features various bank holidays, including Mahatma Gandhi Jayanti and Dussehra, each affecting scheduled and non-scheduled banks. Banking services remain widely available to customers during these festive days.
Reimagining Kerala: CM calls for comprehensive transformation across key sectors
V D Satheesan delivers 18th K P Hormis Memorial Lecture hosted by Federal Bank
Active mutual fund keep beating passive peers, but edge narrows over time
Similarly in the first year, active small-cap funds generated returns of 3.6 per cent, while passive funds failed to deliver any gains registered a decline of 0.2 per cent
A consensus builder who unwinds with black coffee and a non-fiction book
Market participants believe Bagchi is likely to emphasise his trust in HDFC Banks existing leadership team and to take the franchise to even greater heights
RBI promotes Malli as Executive Director
Prior to this, Malliwas serving as Chief General Manager-in-Charge of the Department of Supervision
The Latest Fixed Deposit Interest Rates: Oct 02, 2026
The Latest Fixed Deposit Interest Rates: Oct 02, 2026
The Latest Home Loan Interest Rates: Oct 02, 2026
The Latest Home Loan Interest Rates: Oct 02, 2026
ICICI Prudential Mutual Fund launched its new Contra Fund, open for subscription until October 12. The scheme follows a contrarian strategy, investing in out-of-favour companies with turnaround potential. Experts stress research, patience and a long-term horizon, while cautioning that contra funds can underperform for extended periods as market sentiment shifts.
Parents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny from the Income-tax Department. Understanding when these transfers could prompt questions and how to document them properly is crucial for avoiding potential tax liabilities or notices. Learn about the necessary safeguards and responses to inquiries.
Gold rate today: On October 2, 2026, gold prices saw slight upticks as consumers observed the latest trends in bullion and jewellery costs. The IBJA also published revised rates for various gold and silver purities.
Midcap mutual funds: 3 top performers and 3 laggards SIP investors should know
Over two years, HSBC Midcap Fund delivered the highest SIP return at 17.5%, followed by WhiteOak and ICICI Prudential. The midcap category averaged 7.85%, while monthly SIP flows rose 37%.
HDFC Mid Cap and TrustMF Mid Cap among 5 midcap funds with highest cash holding
Five midcap mutual funds held between 4.85% and 7.19% cash in August portfolios. Axis Midcap Fund had the highest allocation, followed by HDFC Mid Cap, TrustMF Mid Cap, Franklin India Mid Cap and Canara Robeco Mid Cap.
Five equity mutual funds delivered annualised SIP returns of up to 24.6% over 10 years. The funds span small-cap, mid-cap and ELSS categories, highlighting strong historical performance while underscoring the importance of risk, goals and investment horizon.
Bank of Baroda incorporates pension fund subsidiary
The public sector bank (PSB) is the sponsor of the new Company, with a shareholdingof 80.10%
Five midcap mutual funds delivered annualised returns of 20% or more over three years, led by HSBC Midcap Fund at 23.7%. Here are the top performers and laggards.
8th Pay Commission pension calculator: Around 69 lakh pensioners fall under the central government's administration, with most benefiting from the Old Pension Scheme. Employee organisations are urging changes to the terms of the 8th Pay Commission to accommodate earlier revisions in pensions. The 8th Pay Commission has an 18-month deadline to submit its report. Modifications for Level 5-9 employees pensions will hinge on forthcoming fitment factors and estimates released alongside the commission's findings.
Granddaughter lost 2.5 acre of land as her grandmother had gifted it to her step-mother who sold it; Madras HC rejects granddaughters ancestral land claim under Hindu Succession Act, 1956. Know why grandaughter lost the case.
Bank holiday on October 2, 2026: Are banks open or closed today on Gandhi Jayanti?
On October 2, 2026, India will observe Gandhi Jayanti as a national holiday, affecting all banks. Public and private sector banks will be closed, including cooperative and regional rural banks. Customers should plan their transactions accordingly, as physical bank branches will not operate on this day. However, essential services like online banking and ATMs will continue to function normally.
Retail veteran to lead the private bank from January 2027
Banks lose pricing advantage as RBIs bulk deposit disclosure norm kicks in
The change comes just before the RBIs MPC meet, with analysts expecting a repo-rate rise that could influence funding strategies and deposit costs across the sector
UK homeowners face mortgage shock as global bond sell-off deepens
Thousands of British homeowners face higher repayments as fixed-rate deals expire amid rising borrowing costs and renewed inflation pressures.
US Treasury yields hit highest since 2002 as global bond sell-off deepens
Rising energy costs, persistent inflation and stronger growth expectations are reshaping bond markets as investors reassess long-term borrowing costs globally
Global bond yields hit multi-decade highs: What is driving the rise?
Higher yields are reshaping borrowing costs across major economies, affecting government finances, mortgages, loans, companies and financial markets
