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Kotak Mahindra Bank to acquire 10,639 crore loan portfolio from subsidiary KMIL
The transaction, expected to be completed in the second quarter of FY27, follows the banks decision to conduct KMILs business activities directly within the bank from April 1, 2026
Making travel more rewarding and accessible for customers this summer, BOBCARD is offering instant discounts, exclusive deals, and convenient EMI options that help travellers save more while enjoying seamless journeys. For example, BOBCARD users can get up to RS 8000 instant discount on domestic and international flights; claim up to 15% instant discount on flight and hotel bookings on MakeMyTrip.
The 8th Pay Commission is set to hold crucial meetings in Kolkata from July 9-10, 2026, extending the memorandum submission deadline to June 15. This body, tasked with reviewing salaries and pensions for central government employees, will also visit Srinagar and Ladakh in June. Its recommendations, due in 18 months, will consider economic factors and fiscal discipline.
The banking sector's net interest margin is expected to hold steady at 2.9% this fiscal, after declining 20 bps last fiscal, said Subha Sri Narayanan, Director, Crisil Ratings
Gold prices continued their downward trend on Saturday, May 30, 2026, with major Indian retailers reporting lower rates. This decline is attributed to softer global bullion prices and reduced safe-haven demand, leading to a modest correction in domestic gold rates across various karats.
These 5 midcap mutual funds deliver over 20% return in 3 years. Do you own any?
Five midcap mutual funds delivered strong long-term performance, generating over 20% annualised returns in the last three years, led by HSBC Midcap Fund, ICICI Prudential Midcap Fund and WhiteOak Capital Mid Cap Fund.
11 equity mutual funds offer over 10% in May. Have you invested in any for your portfolio?
Around 11 equity mutual funds delivered over 10% returns in May, led by international and technology-focused funds such as Mirae Asset AI ETF FoF, Nippon India Taiwan Equity Fund and Edelweiss US Tech Fund.
Nearing retirement and invested mostly in FDs? Expert shares diversification roadmap
As retirement nears, investors question diversifying beyond fixed deposits into equities. Experts advise it's never too late to adjust strategies, emphasizing diversification balances capital preservation with inflation-beating growth potential. An ideal asset allocation depends on individual goals and risk tolerance.
Sukanya Samriddhi Yojana (SSY) offers a compelling investment avenue for girl children, currently providing an 8.2% annual interest rate. Parents can build significant corpus for their daughter's future by consistently investing up to Rs 1.5 lakh annually, with maturity proceeds and interest being tax-free under EEE status.
OpenAI has discussed adding Citigroup, JPMorgan to bank lineup for IPO
Citigroup and JPMorgan could join Goldman Sachs Group Inc. and Morgan Stanley on the preparations for the listing
IMF, World Bank, others warn West Asia war is straining energy supplies
The US-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over global energy supplies, particularly through the Strait of Hormuz, a key route for oil and gas shipments
Smallcap valuations turn favourable as correction creates fresh opportunities: Bajaj Finserv AMC
Smallcap stocks present a favorable entry point following a market correction, driven by improving fundamentals, healthier balance sheets, and corrected valuations. A disciplined approach focusing on strong businesses with long-term potential is advised, as smallcaps have historically outperformed during recovery phases.
Non-food bank credit growth jumps to 15.8% in April 2026; services, industry lead expansion: RBI
Credit to agriculture and allied activities registered a year-on-year growth of 13.7% as on the fortnight ended April 30, 2026, against 9.2% in the corresponding fortnight last year, the RBI said
227% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.27 lakh
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2021-22 Series-II, fixed at Rs 15,672 per unit. Investors can redeem these bonds from June 1, 2026, after five years from the issue date. This premature redemption price offers a significant return of 227% on the initial investment.
Private sector employees and managers facing disciplinary action can protect themselves. Understanding labour laws and principles of natural justice is crucial. The article outlines three key steps to challenge disciplinary committee actions. These steps involve carefully reviewing the charge sheet, crafting a detailed reply, and actively participating in the oral inquiry.
Legal heirs in England and Wales require a Grant of Probate or Letters of Administration to sell property and manage a deceased person's estate. While not always mandatory for jointly owned assets or to cover immediate funeral expenses, these grants are crucial for accessing bank accounts and proving legal authority.
Saturday bank holiday: Are banks open or closed on May 30, 2026, on fifth Saturday of May 2026?
Bank holiday today: Banks across India are open today, May 30, 2026, as it is the fifth Saturday of the month. Typically, banks observe holidays only on the second and fourth Saturdays, unless otherwise declared by the RBI. Customers planning branch visits should always verify the operational status with their bank.
Many taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000 standard deduction. Employer contributions to NPS and interest on home loans for let-out properties are also still permissible, reducing overall tax liability.
IIFCLs equity dilution gets government nod
The company reports profit of 1,379 crore in FY26
RBIs regulatory agenda in FY27 to focus on customer protection, strengthening credit ecosystem
Supervisory agenda to focus on enhancing consistency in supervisory practices across regulated entities
Govt launches unified portal to trace unclaimed financial assets
Developed in collaboration with PSB Alliance, the portal aims to improve financial awareness, transparency and ease of access while helping individuals reconnect with their unclaimed assets
Bank credit to industry grows 15.1% in April, RBI data shows
Growth in non-food bank credit also accelerated to 15.8 per cent, driven by strong lending to infrastructure, metals, engineering, services and personal loan segments
The Latest Fixed Deposit Interest Rates: May 29, 2026
The Latest Fixed Deposit Interest Rates: May 29, 2026
The Market Expert Podcast | Inside the mind of a fund manager
Goal protection matters: Why Waiver of Premium deserves more attention
Financial plans often falter not due to lack of planning, but because they don't account for life's uncertainties. The Waiver of Premium feature in investment-linked insurance products ensures that contributions continue even if the policyholder passes away, safeguarding long-term financial goals like a child's education.
LIC launches New Jeevan Sathi Single Premium plan; check death cover, benefits and key features
Generali Central Life Insurance pegs FY26 bonus at 102 cr
The bonus declaration will benefitover 95,000 policies
Bank holidays June 2026: Full list of dates & closures
Bank branches will observe multiple closures in June, with the holiday schedule varying from state to state based on regional festivals and local observances.
Manoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through the AIR mechanism and other departmental databases, the Income-tax Department noticed substantial cash deposits in the taxpayer's bank account. ITAT Mumbai, however, ruled in the assesses favour, saying TDS cannot be denied even if ITR is not filed.
INR use for imports and exports gains momentum, says RBI
RBI data showed strong growth in rupee-based import and export transactions during 2025-26, with import settlements rising sharply by over 41 per cent year-on-year.
Bank holidays in June 2026: Check the complete state-wise list before planning your branch visit
June 2026 bank holidays: Indian banks will be closed on several dates in June 2026. These holidays are for regional and national celebrations. Customers should check the specific dates for their state. Important observances include YMA Day, Raja Sankranti, Moharrum, Muharram, Sant Guru Kabir Jayanti, and Remna Ni.
Net FDI rebounds to $7.7 bn in FY26, but portfolio flows short for financing CAD: RBI
The central bank says the services sector accounted for a major share of FDI equity inflows during 2025-26, followed by manufacturing
Should senior citizens continue investing in equity mutual funds after retirement? Expert explains
A 60-year-old retiree sought guidance on whether she should continue investing in equity mutual funds after retirement. Experts say senior citizens can retain some equity exposure to beat inflation, provided regular expenses are covered through stable income sources. Aligning the portfolio, reducing overlap, and balancing SIPs with lumpsum investments remain key.
RBI balance sheet jumps 20.6% to 91.97 lakh crore in FY26
The RBI also reported a 6.7 per cent rise in overall surplus to Rs 2.86 lakh crore, while the value of its gold holdings surged due to rising gold prices and rupee depreciation against the US dollar
Financial institutions report over 10,000 cases of fraud involving 48,000 cr in FY26: RBI data
While the number of frauds was the highest under card/internet/digital payments category during 2023-24 and 2024-25, advances category accounted for the largest share in 2025-26
RBI plans expansion of digital rupee through welfare schemes, cross border payments
Separately, the RBI said its cloud platform for financial firms went live in beta mode with nine users, making such a move amongst the first among central banks
NFO Update: Groww Mutual Fund launches Groww Nifty Smallcap 250 Momentum Quality 100 ETF
Groww Mutual Fund has launched the Groww Nifty Smallcap 250 Momentum Quality 100 ETF, offering passive exposure to small-cap companies selected on momentum and quality factors. The ETF aims to provide diversified participation in Indias small-cap segment through a rules-based investment strategy focused on stronger price trends and relatively sound fundamentals.
Domestic bond yields could face upward pressure: RBI Annual Report
Report highlights G-sec hardening in FY26 but notes sufficient buffers in domestic financial system to handle risks
Gold rate today: Gold prices are up today, May 29, 2026. Investors watch Middle East developments closely. The US-Iran truce extension remains uncertain. Jewellery brands like Tanishq and Malabar Gold & Diamonds show price increases. IBJA also reports higher rates for gold and silver. Consumers can check the latest retail prices.
HDFC Bank denies material impact of alleged 45 crore payment routing issue
Bank says internal controls are robust amid reports of disguising extra interest payments as marketing expenditure on deposits placed by a Maharashtra Government-owned entity
India insurers seek doubling of tax-free limit for some products to boost inflows, sources say
Indian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowing into these funds. Inflows have slowed down since new tax limits were introduced in February 2023. Higher inflows would support government borrowing needs for long-term projects. The Life Insurance Council has formally requested this change.
Indias growth outlook for FY27 remains positive: RBI Annual Report
West Asia conflict and the attendant risks could pose headwinds to growth and inflation in the short run
Bengaluru citizens can attend an e-Khata open house on May 30, 2026. This event, part of the Bhoo Guarantee- 6th guarantee scheme, offers on-the-spot assistance for property tax and e-Khata related services. Held in various areas, it aims to resolve citizen issues and streamline property administration. The initiative promotes transparency and legality in property transactions across the city.
No salary hike despite excellent performance? Heres what you can do under Indian labour laws
EPS pension alert: Can't submit your Life Certificate? Here's the process EPFO wants you to follow
EPS-95 pensioners unable to submit their annual life certificate can now avail doorstep assistance from the postal department. A simple call to 033-22029000 will arrange for a postal worker to visit and submit the certificate free of charge, ensuring uninterrupted pension payments.
NFO Alert: Kotak Mutual Fund launches Kotak Nifty Alpha Low-Volatility 30 Index Fund
Kotak Mutual Fund has launched the Kotak Nifty Alpha Low-Volatility 30 Index Fund, an open-ended scheme tracking the Nifty Alpha Low-Volatility 30 Index. The fund, open for subscription until June 12, aims to provide investors with exposure to equities through a structured, factor-based approach combining Alpha and Low-Volatility characteristics for long-term capital growth.
Equity mutual funds saw strong performance in May, with returns reaching up to 17%. International funds led the gains, driven by markets like the US, Korea, and Taiwan. While global diversification is beneficial, experts advise caution due to high valuations. Investors should consider a systematic investment plan for global exposure, focusing on long-term data for market assessment.
The Supreme Court has ruled that a wife's career choice is not cruelty. A woman's decision to open her own dental clinic was opposed by her husband and in-laws. The court stated this reflects a regressive mindset. Charges of cruelty and desertion against the wife were dismissed. The divorce decree remains valid on grounds of irretrievable breakdown of marriage.
Your bank said No. An NBFC said Yes. Here's what that loan really costs you
50-20-30: The salary budgeting rule that works whether you earn 25,000 or 2.5 lakh a month
Dubai is introducing a new law for shared housing. Landlords must get permits from the Dubai Land Department. Non-compliance can lead to tenant eviction and permit cancellation. The law sets rules for occupancy and space per resident. Designated areas will be identified for shared housing. This aims to regulate the sector and ensure safe living conditions for all residents.
Retail rental yields in Delhi NCR and Mumbai's Grade A and A+ malls have seen significant appreciation, with Mumbai recording 15-20% year-on-year growth. This surge is driven by strong footfalls, tenant productivity, and the expansion of international retailers, making malls an attractive investment. Investors can consider REITs for exposure to this growing sector.
Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While cheaper than cards in select countries like UAE and Singapore, UPI acceptance is uneven, and backup payment options are essential. Users must be aware of transaction limits, potential failures, and fraud risks.
PB Fintech Co-founders plan 653.6-crore share sale via block deal
According to the term sheet, the transaction involves the sale of up to 3.8 million shares, representing around 0.8 per cent of the companys total outstanding shares
How a personal loan EMI calculator can help you plan repayments better
Understanding personal loan EMIs is crucial for managing major expenses. An EMI calculator helps estimate monthly repayments based on loan amount, interest rate, and tenure, enabling informed borrowing decisions. Bajaj Finance offers flexible personal loans with amounts up to 55 lakh and tenures up to 108 months, ensuring convenient repayment options.
IBC: Creditors realised 4 lakh cr; cases involving 14 lakh cr settled in pre-admission stage
Till March this year, a total of 8,987 cases had been admitted, and 7,102 reached closure.
This simple Google tool can decrease the chances of strangers coming across your private information lying on the internet. However, you must know that the Results about you feature does not erase the data from the original website, for which you would need to contact the site owner.
India needs deeper bond market to support long-term growth: Care Edge
Care Edge added that achieving the Viksit Bharat vision by 2047 will require large-scale long-term capital mobilisation through a stronger debt market ecosystem
Ageas Federal Life Insurance enters into distribution partnership with Policybazaar
The private life insurer stated that the alliance aims to enhance digital distribution, providing insurance solutions to Indias growing base of digital-savvy consumers through an online journey
Bajaj Finserv to invest 1,500-2,000 crore in AI innovation startups over 5 yrs
Group partners IIT Bombay for research in AI, cybersecurity and quantum technologies with focus on early-stage companies
Halving of recoveries under IBC a cause for concern: ICRA
Realisations fell sharply in FY26, with recoveries dropping to 22% in H2 FY26 from 63% in H2 FY25, according to an agency study
Why gilt mutual funds are struggling to gain popularity among retail investors
SIP for 10 years? Study shows why long-term investors almost never lose money
Smallcap IPOs dominated MF portfolios in March quarter. Which stocks made the top 10?
Mutual funds significantly increased their investments in smallcap IPOs during the March quarter, with a focus on newly listed companies. Amagi Media Labs and Fractal Analytics emerged as top holdings, followed by Sedemac Mechatronics and Shadowfax Technologies.
Indian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back to Indian rupees. The tax treatment depends on whether the gain is considered income. Foreign currency held for investment is a capital asset. Tax arises only upon actual conversion. Reporting foreign assets in ITR is mandatory.
8th Pay Commission salary hike: When can central employees get revised pay and arrears?
Not only did Shelby advised people to bet for the long run, but his firm also lived by the idea, thereby giving rise to the term - Davis Dozen. The legendary investor for a core portfolio of about a dozen big long-term winning stocks which he continued to hold for decades.
Insurance premium financing gaining traction after GST waiver: BimaPay CEO Hanut Mehta
The companys premium disbursements are expected to reach 2,500 cr in FY27 from 1,200 cr in FY26
Own assets in India and England? Why experts say you should make two separate Wills immediately
Individuals with assets in both India and England are advised to create separate Wills to ensure proper distribution and avoid legal challenges. English law has strict requirements for Will validity, including written format, testator's signature, and proper witnessing. Seeking professional advice is crucial to prevent errors and potential invalidation of Wills.
Homebuyers in Amritsar received partial victory from Punjab RERA regarding delayed possession. The authority ordered the builder to pay interest for the delay. However, the homebuyers' claim for an extra Rs 75 lakh charge was dismissed. RERA emphasized that buyers must carefully read agreements, as the principle of 'Caveat Emptor' applies. The builder-buyer agreement's terms were deemed binding.
Top 4 debt mutual fund managers oversee over Rs 1 lakh crore AUM in March quarter.Check details
As of the March 2026 quarter, four leading debt mutual fund managers oversee at least Rs 1 lakh crore in assets under management. Kaustubh Gupta of Aditya Birla Sun Life leads with Rs 1.61 lakh crore, followed by Manish Banthia of ICICI Prudential at Rs 1.45 lakh crore.
FinMin to meet chiefs of PSU banks on Friday to review credit flow to agri, MSME sectors
Public sector banks (PSBs) have recorded an all-time high net profit of 1.98 lakh crore in 2025-26, marking the fourth straight year of profitability
Parag Parikh Flexi Cap Fund marks 13 years with impressive growth. A Rs 10,000 SIP since inception turned into Rs 51 lakh. The fund prioritizes value, quality management, and global diversification. Its consistent strategy has made it India's largest active fund. Investors benefit from its disciplined approach across market cycles.
Rupee Cost Averaging: 7 ways a fixed monthly SIP turns market crashes into opportunities
Living below your means: The boring habit that quietly turns average earners into crorepatis
A woman has won her share in a joint property after a 15-year legal battle. Her husband had willed his half to another man. The Supreme Court affirmed her 50% entitlement. As physical partition was impossible, the court ordered the property's auction. Proceeds will be distributed according to ownership shares.
Bank holiday today: Banks in several Indian states are closed today, May 28, 2026, in observance of Bakri ID (Id-Uz-Zuha). While branch services are unavailable in affected regions, digital banking remains accessible. The holiday is observed as per the RBI's state-wise calendar, with exceptions in Odisha, Sikkim, Assam, and Arunachal Pradesh.
HDFC Bank may face regulatory scrutiny for alleged violation of RBI directions on deposits rates
HDFC Bank shares declined 2.63 per cent on the BSE on Tuesday
Q4 Results Highlights Today Live Updates: Stay tuned to businessline for the latest live updates on Q4 earnings.
Three-year cooling-off period for UCB Directors may set in motion a game of musical chairs
Loopholes could enable directors to retain indirect control over UCB boards, say experts
Annapurna Yojana launched: Who will get Rs 3,000 monthly financial assistance from June 1, 2026
West Bengal's Annapurna Yojana, effective June 1, 2026, will provide Rs 3,000 monthly financial aid to eligible women aged 25-60. This scheme replaces Lakshmir Bhandar for most beneficiaries, with an online application process opening on the same date. The initiative aims to offer assured financial support directly to women's bank accounts.
Kerala Financial Corp post 111 crore PAT; loan portfolio crosses 9,000 crore
Growth was driven by higher lending activity and better asset management
Gold prices on MCX slipped amid rising geopolitical tensions, elevated crude oil prices and inflation concerns linked to the delayed US-Iran deal. Experts advise investors to avoid panic selling and instead hold or accumulate gold in phases during dips. Financial gold options like ETFs and mutual funds are preferred. Analysts recommend allocating 10-15% of portfolios to gold and expect prices to remain strong through 2026.
Looking where to invest lumpsum for 3 years? These 5 mutual funds lead with 30% gains
Gold-based mutual funds and value index schemes emerged among the best-performing lumpsum investments over three years, delivering up to 36% CAGR and significantly outperforming many equity, debt, and passive funds.
See significant opportunities for building granular, stable, and low-cost deposit base: SBI Chief
The SBI Chief emphasised that going forward, SBIs strategic priorities will remain firmly centred around strengthening the Digital First, Customer First approach
Central government employees await the 8th Pay Commission report, anticipating arrears from January 1, 2026. While dearness allowance arrears are expected due to recalculation on revised basic pay, house rent and transport allowance arrears are unlikely, following past practices. Employees may receive 20-24 months of arrears based on the final fitment factor and notification timeline.
Gold prices saw a dip today. Investors are watching US-Iran peace talks and inflation trends closely. Jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates for 22k gold.
PAN rules 2026: 8 transactions where PAN is no longer needed and cases where its mandatory
