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ICICI Bank Q2 Results: Net profit jumps 20% YoY to Rs 14,843 crore, NII rises 18%
ICICI Bank Q2 Results: Private lender ICICI Bank reported a net profit of Rs 14,843 crore in the second quarter of financial year 2027, marking 20.1% year-on-year increase from Rs 12,359 crore posted in the same period last year.
IDBI Bank stake sale: FinMin cites High Court ruling, Budget speeches to reject irregularity claims
The government has cited legal provisions and past Budget commitments to defend its decision to proceed with the strategic disinvestment of IDBI Bank.
HDFC Bank reports 5% increase in Q2FY27 standalone net profit at 19,510 crore
Net interest income (interest income less interest expended) rose 10% y-o-y to 34,619 crore (31,551.50 crore in Q2FY26)
The Pradhan Mantri Viksit Bharat Rozgar Yojana supports first-time employees enrolled with EPFO through financial aid of up to Rs 15,000. Disbursed in two instalments, the first payment occurs after six months of steady employment, while the second is contingent on completing a financial literacy course.
Axis Bank quarterly profit rises 37.6%, but misses estimates on higher costs
Axis Bank, the country's third-largest private bank by assets, posted a stand-alone net profit of 7,003 crore ($737.5 million) for the quarter ended on September 30
The bank expects agriculture priority-sector lending to sustain its 18% growth, maintaining profitability and improving asset quality in coming quarters
Financial Services Institutions Bureau to be headed by SCL Das, former Secretary, MSME Ministry
Other Members of the Bureau include Arijit Basu, Satish K Marathe, R Subramanian, Siddhartha Mohanty, Neeja Kapur and T. L. Alamelu
Gold rate today: On October 17, 2026, a rise in gold prices marked a significant shift for leading jewellery retailers, including Tanishq and Malabar Gold.
The Indian government has approved the continuation of the National Social Assistance Programme with significant financial outlay. Changes will be made to pension schemes, including eligibility criteria and assistance rates. The eligibility for disability pension will now depend on 40% disability against the previous 80%. This initiative aims to benefit 3.20 crore individuals across all states and Union Territories.
IDBI Bank sale: Legitimate employee concerns addressed, says MoS, Finance
United Forum of IDBI Officers and Employees expresses shock over DIPAMs claims that it had discussed disinvestment with employee associations
Explained: Want to know how long your investment will take to triple? Use Rule 114
Rule 114 helps investors estimate how long mutual fund investments may take to triple based on expected annual returns. Dividing 114 by the return rate gives the approximate timeframe, supporting long-term financial planning. However, the formula provides only an estimate, as mutual fund returns fluctuate and are never guaranteed.
Govt banks see record profit in FY26, GNPA at lowest level; Finmin rebuts Akhilesh
Public sector banks earned a record 1.98 lakh crore profit in FY26, despite GNPA rising to 1.93%, boosting access and services
Mrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, highlighting the funds' clear origin from bank records. The Income Tax Department could not dispute the source of funds provided by her husband, Mr. Chand.
REC and Cochin Shipyard among top 5 midcap stocks that saw highest mutual fund selling in September
These top five midcap stocks witnessed the highest net selling by mutual funds in September. Here is a detailed breakup, according to a report by Motilal Oswal Financial Services.
192% return on SGB premature redemption: Gold bond turns Rs 1 lakh investment into Rs 2.92 lakh
Sovereign Gold Bond: The Reserve Bank of India has announced the redemption price for Sovereign Gold Bonds 2020-21 Series VII, allowing investors to redeem on October 19, 2026. Priced at Rs 14,614 per unit, this reflects an impressive total return of approximately 192% since its launch.
Q2 Results Today, 17th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
IDBI Bank sale: Keep CCEA decision in abeyance pending independent inquiry, says EAS Sarma
Findings should be presented to Parliament where Ministry of Finance and DIPAM will have a great deal of explaining, says former Secretary to government in letter to Union Finance Minister
Bank holiday today: Today, banks will function as usual across most parts of India, with Tripura being the exception due to the Maha Saptami festivities. The Reserve Bank of India has outlined specific holidays for various October festivals, particularly affecting operations on the second and fourth Saturdays.
From crypto trades to classroom dreams: A 23-year-olds mission to build a school
Aditya Sharma is trying an offbeat route to fund a school in a Rajasthan village that shares its name with a blockchain network
Fairfax to engage Parekh, Sukthankar to advise it on IDBI Bank acquisition
Following the consummation of the proposedacquisition, the Prem Watsa-founded Fairfax expects that the operations of the new company would continue to be led by Rakesh Sharma, the current MD and CEO of IDBI Bank
RBI okays Scheme of Amalgamation of Indian branches of Emirates NBD with RBL Bank
All the Indian branches of Emirates NBD will function as branches of RBL Bank Limited with effect from December 01, 2026
PNBs net profit rises 13% in Q2; plans to launch special campaign for RD amid bearish stock mkt
The banks gross non-performing assets (NPAs) moderated to 2.55 per cent of gross advances at the end of September 2026, down from 3.45 per cent a year ago
Rupeeflo bets on GIFT City, targets 30% revenue share as Bengaluru-based fintech eyes payments play
Founded in April 2024 by Maurya, Ashish Jha and Manav Bharambe, Rupeeflo began operations in December that year
India's forex reserves fall for fifth straight week to $726 billion: RBI
Rupee's gains continue, reaching over a one-month high
Q2 Results Highlights, 16th October 2026: Stay tuned to get real-time market, business and financial news updates
SBI ups marginal cost of funds-based lending rates by 15 basis points across five tenors
The hike in MCLRs comes in the wake of the RBIs rate setting panel increasing the repo rate by 25 basis points from 5.25 per cent to 5.50 per cent
Yes Banks CET1 ratio to take 250-basis-point hit after AT1 bond ruling
The bank is examining legal options after the ruling, while S&P expects adequate capitalisation despite potential earnings pressure from coupon payments
Higher rates no threat to margins, gold loans to drive growth: L&T Finance
Managing Director and CEO Sudipta Roy and Chief Financial Officer Sachinn Joshi discuss the companys strategy
The Latest Fixed Deposit Interest Rates: Oct 16, 2026
The Latest Fixed Deposit Interest Rates: Oct 16, 2026
The Latest Home Loan Interest Rates: Oct 16, 2026
The Latest Home Loan Interest Rates: Oct 16, 2026
RBI approves merger of Emirates NBDs India branches with RBL Bank from December 1
The merger follows Emirates NBDs $2.75-billion capital infusion into RBL Bank, completed in June after regulatory approvals and a mandatory open offer.
Home loan borrower alert: SBI, PNB, Bank of India and other banks revise repo-linked lending rates
Leading mutual fund houses such as Tata Mutual Fund and HDFC Mutual Fund have suspended fresh investments in their gold fund-of-funds. The halt comes as a response to macroeconomic factors affecting gold imports and the value of the rupee. Existing investments in these funds remain unaffected, allowing ongoing systematic plans to continue. New investors now have alternative options for gold exposure, including direct investments in Gold ETFs.
Canara HSBC Life launches Dollar-denominated ULIP for NRIs via GIFT City on Policybazaar
The product allows policyholders to invest across global equities, precious metals including gold and silver, and debt funds
EPFO WhatsApp channel: Can you access EPF, EPS and EDLI services? How to join
EPFO has introduced a new WhatsApp channel to keep subscribers informed about its schemes and services, attracting around two lakh users so far. The channel provides insights into the Employees Provident Fund, Employees Pension Scheme, and Employees Deposit Linked Insurance.
Global digital payments to double by 2030 as new instruments gain ground
Capgemini's World Payments Report 2027 says non-cash transactions have grown nearly fivefold over the past decade, with instant payments, e-money and digital currencies reshaping global commerce
Can a Rs 10,000 monthly SIP build a Rs 2 crore corpus? Check how long it may take
A Rs 10,000 monthly mutual fund SIP could build a Rs 2 crore corpus in 25 years and six months at 12% annual returns. Increasing contributions annually by 5% or 10% could shorten the timeline to 22 years and nine months or 20 years and one month, respectively.
Motilal Oswal Mutual Fund: Kalyan Jewellers, MCX, Paytm among top 10 stock holdings in September
Motilal Oswal Mutual Fund held an AUM of Rs 1.70 lakh crore across 93 funds as of September 30, 2026. According to a report by Motilal Oswal Financial Services, One 97 Communications, Eternal, Kalyan Jewellers, MCX, and Sterlite Technologies featured among the fund house's top 10 equity portfolio holdings.
Cognizant India CMD Rajesh Varrier joins Federal Banks Board of Directors
A tech industry veteran,Varrier has previously served as the EVP, Head of Global Services at Infosys Americas as well as Global Head of Infosys Digital and Microsoft businesses and the CIO and Digital Officer for Aditya Birla Sun Life Insurance.
Govt raises disability pension to Rs 375, removes age limit: Who qualifies
Revised rules lower disability threshold from 80% to 40%, allowing more people to qualify for monthly assistance under the revamped scheme
NRI capital gains tax: When can you use the basic exemption limit to lower your income tax bill?
For non-resident Indians, leveraging the basic exemption limit can help mitigate normal slab rate taxes on capital gains. However, it's important to note that this exemption does not apply to capital gains taxed at special rates, such as short-term capital gains derived from listed bonds. This stipulation is clearly defined in the Income Tax law, and tax treaties may additionally offer advantages depending on the NRI's country of residence.
Vedanta Power and Cupid among top 5 smallcap stocks that saw highest mutual fund buying in September
Five smallcap stocks saw the highest net buying by mutual funds in September, according to Motilal Oswal Financial Services. Cupid led the list, with a 337.7% month-on-month rise in value change, followed by Bharat Coking, Vedanta Power, Godawari Power and Natco Pharma.
ICICI Bank Q2 Results Preview: PAT, NII may rise up to 21% YoY; margins, deposit growth in focus
ICICI Bank is expected to report 15.8-18% year-on-year growth in net interest income and 15-21% growth in profit after tax in Q2FY27, according to brokerage estimates. Investors will track net interest margins, loan and deposit growth, operating profitability and asset quality, with margin pressure and provisioning trends remaining key monitorables.
Federal Bank posts record 1,386 crore quarterly profit, NPA hits decade low
Net Interest Income rose 26.38% year-on-year to 3,153.40 crore, outpacing advances growth of 21.66%
Gold prices at various leading jewellery outlets showed no fluctuation on October 16, 2026, staying steady compared to the previous day. Nevertheless, indicative prices for gold and silver jewellery surged according to the India Bullion and Jewellers Association.
As SBI home loan rates rise, how you can save more
Indias IPO league table: How the largest listings opened
Jio Platforms is set to launch its IPO bidding on October 21, offering 27 crore shares without any offer for sale. The price band is set between 1,065 and 1,119 per share, targeting a total of 30,213 crore. Following recent IPOs like Hyundai and LIC, which struggled below their original prices, market sentiment is now emphasizing profitability. Analysts will closely monitor Jio's listing amid this competitive landscape.
From building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring wealth across generations, Day 1 of ET Wealth Expo 2026 will bring together leading financial experts to explore the three pillars of long-term wealth management: Build, Protect and Legacy.
A man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings after he filed an income tax return. However, the ITAT Jaipur found technical mistakes in the penalty notice issued by the Assessing Officer. They noted the absence of specified violation under Section 270A(9) in the penalty proceedings. Consequently, the penalty was quashed, providing full relief to the taxpayer.
Banks seek RBI relief, clarity on India's latest rupee-defence measures
Banks urge RBI to replace 20% cash deposit for hedges with flat fee; seek higher minimum deposits amid rupee volatility
Delhi property tax waiver extended to Dec 31: Claim process explained
Under SUNIYO 2.0, pay property tax for six financial years to get a 100% waiver on interest, penalties and older dues.
Fairfax proposes to contributeits interests in Digit, IIFL Capital to IDBI Bank
Fairfax CEO emphasises that combining IDBI Bank, Digit, and IIFL Capital would create an entity that is well-positioned to participate in the continued growth and success of Indian markets
Britannia Share Price Live Updates: Britannia's Current Market Position
Jio IPO: Reliances newest listing meets a market its 1977 investors wouldnt recognise
Jio is set to enter a competitive market with its IPO, which marks Reliance's first offering since 2006. The shift from physical share certificates to demat accounts has greatly streamlined investor experiences over the years. Investors will benefit from reforms that include blocked amounts and faster listing times. The proposed IPO will cater to a considerably larger base of individual investors than previous offerings.
Tata Consumer Share Price Live Updates: Tata Consumer's Daily Performance Update
Sun Pharma Share Price Live Updates: Sun Pharma's Price Movement Today
LTIMindtree Share Price Live Updates: LTIMindtree Stock Performance Today
Hindalco Share Price Live Updates: Hindalco Stock Details
Kotak Bank Share Price Live Updates: Kotak Bank's Stock Price Movement
ICICI Bank Share Price Live Updates: ICICI Bank's Stock Movement Analysis
Q2 Results Today, 16th October 2026 Live Updates: Stay tuned to get real-time market, business and financial news updates
Tata Motors PV Share Price Live Updates: Tata Motors PV Current Market Status
Power Grid Share Price Live Updates: Power Grid's Current Market Position
IndusInd Bank Share Price Live Updates: IndusInd Bank News
Divis Labs Share Price Live Updates: Divis Labs Breaks Through Resistance Level
Asian Paints Share Price Live Updates: Asian Paints Stock Performance Overview
6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything that still needs to be paid even when salary stops. So, where should you put this money and how much should you invest every month to hit the target faster? Moreover, an individual who is single and has no dependents may not need the same amount of emergency fund as someone with a family.
Life insurers first-year premium up 20.6% at 2.46 lakh cr in H1 FY26: IRDAI
The LIC continued to dominate the market, with its first-year premium increasing 19.3 per cent to 1.44 lakh crore during the six-month period
UPI MDR decision likely today; industry expects deferral to January 2027
The panel comprises the Indian Banks Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations
UCO Bank Q2 net jumps 26.76% at 785.64 crore, aims at 12-14% credit growth for FY27
Net interest margin on a global basis held at 3.00 per cent compared with 2.90 per cent in the year-ago period
L&T Finance PAT up 33% on cost-efficiency in Q2FY27
The gross disbursals increased 27 per cent% to 24,027 crore on a year-on-year basis but stayed flat sequentially
Deposits and advances see robust growth in H1FY27
All scheduled banks reported deposit and advances grew9.93 per cent y-o-y and 11.27 per cent y-o-y
SC upholds Bombay HC order quashing Yes Bank AT-1 write-off
Liability may exceed 13,000 crore; shares plunge 14.43 per cent
Kotak Mutual Fund halts subscriptions in two Yes Bank AT-1 bond schemes after SC order
Kotak Mahindra Mutual Fund suspended subscriptions in two debt schemes holding Yes Bank AT1 bonds after the Supreme Court overturned their Rs 8,415 crore write-off. The fund house is reviewing the judgment to determine its next course of action.
HDFC Life Q2 net up 13.6% at 508 crore, net premium income rises 15.7%
The life insurer had registered a net profit of 447.15 crore for the second quarter of last fiscal year, and its net premium income increased to 21,727.37 crore in Q2FY27 from 18,777 crore in Q2FY26
Pension fund managers in India: A guide to performance and returns
Pension fund managers invest retirement savings across asset classes while balancing risks and future payout obligations. Here is a Policybazaar guide to their performance in India
Irdai's proposed distribution reforms aim for orderly transition: Ajay Seth
Irdai chief Ajay Seth says distribution reforms aim to improve efficiency without disrupting existing business models; Public Insurance Registry beta is due by January 2028
Canara Bank expects to beat FY27 growth guidance, sees NIM improving
The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore
Fund Review: HDFC Large Cap Fund
Fund Review: HDFC Large Cap Fund
No right of first refusal to Fairfax for residual stake sale in IDBI Bank
The decision comes amid open-market alternatives for minority stake sales and follows a Supreme Court ruling on Hindustan Zinc that influenced the ROFR discussion.
Insurance reforms: IRDAI chief says job loss concerns are misplaced
The regulator says proposals to overhaul the insurance sector are intended to improve the system while creating opportunities for businesses and policyholders
What Akash Ambani said Jio tariff hikes ahead of record IPO launch
Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.
Cemindia Projects raised Rs 1,400 crore through a qualified institutional placement priced at Rs 1,108 per share, attracting 2.3 times demand over the base issue. Leading mutual funds participated as the company secured strong credit ratings and shares rallied.
Karur Vysya Bank reports 37% growth in Q2FY27 net profit
Net interest margin for Q2FY27 stands at 4.3 per cent as compared to 4.2 per cent for the corresponding quarter of the previous year
Indian Bank reports 15% rise in net profit, NII rises 18%
Total deposits increased by 12.5% YoY and reached 8,74,036 Cr as of September 2026
Karnataka Bank launches nine new banking solutions under Nava Dhamaka 2026
The new offerings span online trading, mobile banking, digital collections, AI-enabled customer outreach and dedicated credit support for startups
Sundaram Finance Ltd increasesdeposit interest rates
The move, which widens the rate gap between regular and senior accounts, aims to attract more funds amid shifting market rates
Will government announce DA hike after Dussehra?
