33 C 
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
Q1 Results Today, 31st July 2026 Updates: Stay tuned for more from businessline
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 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.
Aptus Value Housing Finance reports 19% increase in net profit at 261 crore
Total income rose 15 per cent to 611 crore from 530 crore in the year ago quarter
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.
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
Mutual fund NFOs: 5 new funds are open for subscription now. Check dates and key details
Five new mutual fund offers are currently open for subscription, including two ETFs, two domestic FoFs and one flexi-cap fund, giving investors fresh options across diverse investment categories.
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.
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
Axis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They then filed a complaint in Delhi State Consumer Disputes Redressal Commission, alleging deficiency of service and negligence on the part of the lender, seeking a compensation of Rs 1 crore. Know what happened next.
Hyderabad real estate 2026: 8 attractive locations for homebuyers, investors and IT professionals
Higher oil prices could push Fed to resume rate hikes later this year: ICICI Bank report
Fed reinforces its data-dependent approach, with future policy decisions likely to be driven by incoming inflation, labour market data rather than forward guidance, says ICICI Bank
Technology sector mutual funds achieved substantial gains during July. HDFC Technology Fund led with a remarkable 16.91% return for investors. Other tech funds also delivered double-digit returns, outperforming many others. International funds experienced significant declines, primarily due to market corrections. Experts advise diversified equity funds for balanced long-term investment strategies.
India launches first sovereign-backed maritime liability insurance under BMIP
The new insurance product strengthens Indias maritime risk management framework while expanding domestic underwriting capacity and reducing reliance on overseas insurers.
Scheme selection key as mutual fund returns vary widely across categories
Mutual fund returns show significant differences between top and bottom performers. The flexi-cap category saw a wide gap between gains and losses. Small-cap funds also displayed considerable divergence in their yearly performance. Market trends favored stock-specific bets and certain sectors over traditional ones. Investors must understand fund styles and team track records for better selection.
Banks to make daily disclosure of bulk depositsinterest rates on their website
These instructions come in the wake of banks following differing practices in dealing with bulk deposits
Bajaj Finance Q1FY27 standalone net up 29% at 5,345.50 cr
The NBFC logged a 28% y-o-y growth in consolidated net profit at 6,081 crore against 4,765 crore in Q1FY26
Credit active consumers are those whohave at least oneretail loan with balance or limit reported on the portfolio date
Bajaj Finance expects its consolidated AUM to multiply about 7X to 40 lakh cr by 2036
Indias domestic credit has grown at a CAGR of 15% to 235 lakh crore in the last 21 years
HDFC Bank spent 1,316 cr under CSR initiatives in FY26, up 23%
Parivartan, the bank's CSR initiative, has impacted over 10.77 crore lives, HDFC Bank said in a statement
Sundaram Home Finance Q1 net profit up 37% at 85 crore
Disbursements rise 12% to 1,665 crore
ITR filing deadline: The July 31, 2026, deadline is crucial for many taxpayers filing income tax returns. Missing this date incurs a late filing fee based on total income. Belated returns for AY 2026-27 can be filed until December 31, 2026. E-verification within 60 days is necessary to validate the filed return.
BookMyForex adds travel rewards to forex card with MakeMyTrip travel discounts
New customers will also receive up to 2% cashback on their first forex load on a minimum load of 25,000
These 4 flexicap mutual funds delivered single-digit returns in 3 years. Check details
Four flexi cap mutual funds delivered single-digit returns over the last three years, while one posted a marginal negative return, according to ETWealth. In contrast, the top-performing flexi cap funds generated returns of up to 19.8% during the same period.
9 equity mutual funds multiply investors SIP investments by over 1.6x in 5 years. Do you own any?
Nine equity mutual funds multiplied investors SIP investments by more than 1.6 times over the last five years, led by small-cap and mid-cap schemes. Invesco India Midcap Fund topped the list with a 1.71x wealth multiplier and an XIRR of 21.66%.
Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27
Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house properties. Salary, house property, and other sources can be reported in ITR-2. Business or professional income generally requires ITR-3 or ITR-4. Complete income profile determines the final ITR form selection.
UGRO Capital arm GROx targets 5,000 cr AUM
GROx Technologies aims to tap into Indias vast merchant ecosystem, leveraging advanced DataTech solutions to bridge the $20 billion credit gap and enhance access to working capital for millions of underserved businesses.
Inconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer to secure his rights in the 15 bigha land; SC restores buyer's rights in this land; Know why
Will government raise Rs 21,000 ESIC wage ceiling? Here's what Labour Ministry said
The ESIC wage ceiling is periodically increased by the government. The last revision raised the limit to twenty-one thousand rupees monthly. The Code on Social Security, 2020, now encompasses more establishments. Gig and unorganised workers are now covered under the ESIC scheme. Attendance restrictions for seasonal workers' treatment remain unchanged.
Planning to withdraw from your mutual fund SIP? Here's the impact on your financial goals
Withdrawing money from your mutual fund SIP can significantly delay your financial goals by hampering the power of compounding. Early withdrawals cause maximum damage to your long-term wealth creation. Here is how pulling out funds at different stages impacts your timeline to build a target corpus of Rs 1 crore.
Gold prices saw a slight increase across major jewelry brands today. Tanishq's 22K gold jewelry is priced at Rs 13,275 per gram. Other brands like Malabar, Kalyan, and Joyalukkas offer 22K gold at Rs 13,230. IBJA rates show 24K gold at Rs 14,240 and 22K at Rs 13,898. Silver prices also saw a slight adjustment from yesterday's rates.
8th Pay Commission news: 8th CPC to hold meetings in Chandigarh in September; check dates
The 8th Pay Commission will consult stakeholders in Chandigarh. Interested parties must submit appointment requests by August 25, 2026. Previous consultations were scheduled in New Delhi, Chennai, and Puducherry. The commission seeks input on pay, pension, and work conditions. Further meetings are planned for other states and union territories.
ITR filing deadline 2026: 5 checks you must complete before submitting your income tax return
Looking for midcap mutual funds in July 2026? Here are 5 funds to consider
ETMutualFunds shortlisted five top midcap mutual funds based on rolling returns, consistency, downside risk, outperformance and asset size, highlighting options suitable for investors with high risk tolerance and long-term horizons.
International funds offered excellent returns over the past year, outperforming domestic options. However, fresh investments are currently restricted due to regulatory limits. Experts suggest alternatives like LRS platforms and GIFT City funds for global exposure. Diversified global ETFs tracking broad indices are recommended for new investors. Investors should maintain international allocation for diversification and risk-adjusted returns.
9 financial stocks, 9 report cards: Check the top buy picks according to analysts
Best medium to long duration funds to invest in July 2026
Conservative investors often avoid medium to long duration debt funds due to their inherent risks. These funds invest in longer-term instruments, making them sensitive to interest rate fluctuations. Even small rate increases can cause significant volatility and potential investor losses. Investors with a higher risk tolerance and long horizon can consider these schemes. Competent advisors can guide investors aware of the associated extra risks.
Q1 Results Today, 30th July 2026 Live Updates: Stay tuned for more from businessline
Federal Reserve holds interest rates as rare split vote signals rising inflation concerns
A divided policymaking committee underscored persistent inflation risks, keeping investors focused on the timing and likelihood of the next policy move
Kevin Warsh records the biggest early Fed policy dissent of any chair since 1970
Three policymakers backed higher interest rates, giving Kevin Warsh one of the most divided starts to any modern Federal Reserve chairmanship
Chola MS records 6.7% growth in Gross Written Premium in Q1FY27, profit falls
SBI Card, Google Pay launch co-branded credit card for everyday digital spending
The new offering combines SBI Cards credit card expertise with Google Pays rapidly expanding digital payments ecosystem.
Star Health Q1 PAT up 25% at 550 crore under Ind AS accounting
Underwriting profit sharply higher at 111 crore
Cholamandalam Investment and Finance Company eyes 22-23% AUM growth in FY27
Disbursement growth in Q1 was broad-based across business segments, with vehicle finance continuing to outperform the industry
IRDAI introduces key supervisory, developmental reforms to drive industry growth
Allows perpetual registration of intermediaries, approves registration of ProTec General Insurance and operationalises PEPF
Karnataka Bank Q1 net up 43 per cent to 418.95 crore
Asset quality improves significantly supported by sound lending practices, effective recovery mechanisms and sustained monitoring of the loan portfolio
Gold loan portfolio to jump to 30 lakh crore by March 2028: Report
The last two fiscal years ending March 2026 have seen an annual growth of 38% in gold lending, with banks growing their books at 35% and NBFCs at 54%
LIC pays 12,207 crore dividend to Government, declares 10 per share payout
LIC, which completes 70 years since incorporation this year, reported a total asset base of 59.03 lakh crore as of March 31, 2026
Bank holidays: Bank branches will observe numerous closures throughout August 2026 due to holidays. Independence Day on August 15 will cause nationwide bank shutdowns. Several state-specific festivals like Ker Puja and Tendong Lho Rum Faat will also affect branch operations.
Dhanlaxmi Bank Q1 profit doubles to 24 crore
Gross NPA as a percentage of gross advances improved to 1.82% during Q1, from 3.22% a year ago
ITR filing : Taxpayers rush to file income tax returns before the July 31 deadline. Common errors include not e-verifying and mismatched personal details. Reconciling income with Form 16 and AIS is crucial for successful submission.
An ET analysis of 546 equity mutual funds reveals that Pharma & Healthcare funds delivered the highest 5-year SIP returns at 18.2%. While sectoral funds led performance, flexicap and largecap funds offered steady returns, making them ideal core portfolio options for long-term investors.
Jammu & Kashmir Bank Q1 net drops 11.5% to 429 crore
Total income rises to 3,765 crore during June quarter of FY27, from 3,521 crore in the corresponding period of last fiscal; Net Interest Income (NII) increases 2% to 1,497 crore
SBI raises 4,691 crore from Tier I bonds to fund business growth
This is the first Tier I bonds issuance in the ongoing financial year and the paper carries a coupon rate of 7.75%
How to pick the right ITR form Heres the guide
8th Pay Commission salary calculator: Employee groups are advocating for a higher annual salary increment in the upcoming 8th Pay Commission. They suggest increasing the current three percent rate to at least five percent annually. This change aims to substantially boost the basic pay of central government employees. Calculations show a six percent increment could add millions over ten years. Such adjustments are expected to improve employee financial well-being significantly.
What is crypto staking and how does it work? A practical guide for beginners
Crypto staking allows holders to support blockchain networks and earn rewards. Validators are chosen based on committed tokens, reducing reliance on mining. Users can delegate tokens or use exchange services for easier participation. Staking rewards vary due to on-chain conditions and network economics. Understanding risks like volatility and redemption periods is crucial before staking.
Failing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late filing fee for delayed submissions. Not filing an ITR prevents claiming refunds and carrying forward losses. Virtual digital asset income is taxed regardless of the exemption limit. The tax department may issue notices for non-compliance and missed filings.
These 5 smallcap mutual funds rewarded investors with over 27% returns in 3 years. Check details
Five smallcap mutual funds delivered annualized returns of 20.6%-26% over three years, led by Bandhan Small Cap Fund, while investors should prioritize risk appetite, goals, and investment horizon over past performance.
52 equity mutual funds delivered over 100% returns in 5 years. Are any in your portfolio?
Around 52 equity mutual funds have delivered absolute returns of over 100% in the past five years, according to an ETMutualFunds analysis. Mid-cap funds dominated the top performers, led by Motilal Oswal Midcap Fund with a 169.84% return. The analysis covered 212 regular-plan, growth-option equity funds, excluding sectoral and thematic schemes, with all generating double-digit returns.
EPF or mutual funds? EPFO breaks down returns, tax rules, pension and major differences
Gold rates today: Gold prices remained steady across major Indian jewellery retailers today. Tanishq and Malabar Gold & Diamonds maintained their previous day's rates. Joyalukkas saw a slight decrease in its 22K gold price. Kalyan Jewellers has not yet updated its current gold rates. The IBJA provided benchmark prices for various gold purities and silver.
Long Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There is no current proposal under consideration to remove this tax for retail investors.
Can a Rs 31,000 monthly SIP help you build a Rs 10 crore corpus? Expert explains
Building a 10 crore corpus over 20 years requires more than regular SIP investments. Financial planners suggest reviewing portfolios periodically, increasing SIP contributions with income growth, and maintaining the right asset allocation to maximise compounding benefits.
Looking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or international lounge access without any minimum spending criteria. These cards also have a low joining fee and one of them is free for lifetime. Check other things like eligibility criteria, rewards, benefits etc.
NRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term capital gains tax treatment. The Bombay High Court and other rulings support the allotment date as the acquisition point. This principle applies even when possession or registration occurs much later. Proper documentation of the allotment letter is crucial for NRIs.
Can a housing society stop access to common facilities by residents of smaller flats on the ground of smaller maintenance? Know what the law says.
Best gilt mutual funds to invest in July 2026
Gilt funds are recommended for aggressive debt investors expecting RBI rate cuts. These funds offer potential double-digit returns when interest rates begin to fall. Gilt funds invest in government securities, carrying no credit risk but high interest rate sensitivity. Investors should possess a long-term horizon and understand interest rate cycles before investing. Nippon India Gilt Fund and Bandhan Gilt Fund are among the recommended schemes.
