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Q1 Results Today, 07th August 2026 Highlights: Follow Q1FY27 live updates from businessline
NBFC credit rises 14.4% in June 2026, led by retail lending
Housing loans increased 11.4 per cent to 8.44 lakh crore, while vehicle loans rose 15.2% to 6.24 lakh crore, highlighting steady consumer demand
In FCNR (B) race, small banks raise deposit rates to woo NRIs
These banks are offering interest rates 150 bps higher than large lenders
Net profit of PSBs surged to 1.98 lakh cr in FY26
Gross advances of PSBs grew by 15.7 per cent to 127 lakh crore as on March 31, 2026
To enhance customer centricity and promote inclusive banking, PSBs have reviewed their service charge structures.
SBI expects to mobilise about $10b via FCNR(B) deposits by Sept-end 2026
FCNR (B) deposit inflows will give Indias largest bank a clear visibility on liquidity and helping it reduce dependence on bulk deposits
Cholamandalam net profit up 46% in Q1FY27
The Board also approved fundraising aggregating to around Rs 55,000 crore by way of issue of Non-Convertible Debentures (NCDs)
ICRA assigns A1+ rating to Capri Global Capitals 1,500 crore Commercial Paper programme
Rating reflects diversified lending book; Q1 net profit doubles to 353 crore on strong AUM growth
Tata Capitals Q1FY27 consolidated net profit jumps 56% at 1,547 crore
Once the Yogloans acquisition is complete, over the next two and a half to three years, TCL expects to add close to about 500 plus branches and with a portfolio of approximately 4,000 to 5,000 crores
Equitas Small Finance Bank posts 183 crore profit in Q1
Gross advances grow 27%, led by gold and microfinance loans
City Union Bank Q1 profit rises 25% to 383 crore on NII growth
Were on track for 20% business growth in FY27, says CEO Vijay Anandh
Delhi High Court orders winding-up of Paytm Payments Bank
RBI-appointed liquidator Girikumar M Nair to take charge after licence cancellation in April
Delhi High Court orders winding up of Paytm Payments Bank, says RBI
The High Court has appointed an official liquidator to oversee the winding up of Paytm Payments Bank following the RBIs decision to revoke its banking licence over regulatory violations.
We are also consciously growing our retail, agriculture and MSME portfolio, says Brajesh Kumar Singh
Shriram General Insurance does not expect SC judgment to impact motor TP portfolio
We are analysing the impact, says Anil Aggarwal, MD & CEO of Shriram General Insurance
As cars go digitally connected, ICICI Lombard launches motor cyber cover
The cover extends to losses resulting from hackers gaining access to financial data or digital assets through a connected vehicle
HSBC uses leverage to win $5.5 billion in India Forex deposits
HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest list
In a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, 2026. The updated MCLR now varies between 8% and 8.65%, tailored to the specific loan duration.
8th pay commission update: The 8th Pay Commission is actively engaging with various stakeholders to gather insights on salary and pension adjustments. Employees are hopeful for a timely report that could significantly alter their compensation. Projections suggest that gross pay increases may vary from 31% to 68%, relying on different fitment factors, particularly for employees at Levels 7 and 8. Multiple employee organizations have presented their fitment factor recommendations to the commission.
Unclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual fund assets, SIP contributions and investor participation expanded strongly, reflecting sustained retail interest and industry growth.
AIBOA urges President to halt IDBI Bank divestment, cites breach of assurance
Officers body sought intervention of President as Custodian of public sector financial institutions and public sector undertakings, to safeguard institutions created and nurtured in public interest
Multi-asset funds vs largecaps: Why has the diversified strategy delivered better returns in 1 year?
Multi-asset funds are gaining popularity by diversifying across equity, debt, precious metals and other assets. Strong gold and silver gains boosted one-year returns, while active allocation and tax treatment vary by equity exposure.
Homebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protest cost them the delaycompensation. Know why homebuyers lost this case.
SBI Q1 net profit rises 10% to 21,121 crore on strong NII, lower NPA provisions
Net interest income rose 15% to 46,992 crore, up from 40,907 crore a year ago
Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.
EPS higher pension: The government has acknowledged the Madras High Court's decision on higher pension benefits. Supreme Court orders regarding higher pension contributions have also been examined. An online facility was provided for EPS subscribers opting for higher pension. This higher pension judgment has been implemented uniformly for all establishments. Employees can now contribute based on actual basic salary for increased pension.
There is no easy or one word answer to this question. The expenses anywhere would depend majorly on the city an individual is living in and their lifestyle. At the same time, it is equally important to factor in the average salaries that people receive. We have done an analysis of the same. Read on to know.
RBI changes loan recovery rules: No harassment, recorded calls, strict recovery agent code & more
The Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks properly train recovery agents while ensuring they adhere to professional standards during the process. Borrowers will receive notifications regarding the recovery agents assigned to them, and all communications will need to be recorded.
A term loan refers to a fund based credit facility of a fixed principal amount, made available by an NBFC to a borrower
The Reserve Bank of India has announced the redemption price for the SGB 2020-21 Series-XI, set at Rs 14,564 per unit. Investors seeking to redeem their bonds beforehand can do so starting August 7, 2026, after a five-year term.
Resident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Maharashtra Co-Op Appellate court cancels eviction and rules resident cannot be evicted by housing society for this reason. Know more.
GOld rate today: Gold prices saw a slight decrease today, August 7, 2026. Leading jewellery brands like Tanishq and Malabar Gold & Diamonds adjusted their rates. Tanishq maintained its 22-karat gold price while others saw a small reduction. IBJA indicative rates for August 6, 2026, show higher prices for various gold purities. Silver prices also remained steady as per the latest updates.
ICICI Bank, Axis Bank tap dollar debt again in less than two months, bankers say
ICICI Bank and Axis Bank raise $300 million each in US dollar debt market for the second time in two months
Best small cap mutual funds to invest in August 2026
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.
Sensex down nearly 8% in 2026. Best time to top up your mutual fund SIPs?
The BSE Sensex has declined nearly eight percent, prompting investors to consider increasing mutual fund SIP contributions. Market experts suggest this correction is normal and investors should continue SIPs without interruption. Lower markets allow for the accumulation of more units over the long term. Investors should review their portfolios and rebalance asset allocation if needed. Monitoring crude oil prices and global policies will guide future market direction.
The Committee noted that the 18% GST on insurance products has adversely affected affordability and insurance penetration
RBI likely intervenes to shield rupee from oil jump, traders say
The rupee appeared on track to open weaker around 95.35-95.40 per dollar, but central bank intervention right around the time the local spot market opened at 9:00 am IST helped shore up the currency
Q1 Results Today, 07th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
India must not rewrite its UPI policies under US pressure: GTRI
Zero MDR contributed significantly to this growth by allowing consumers, small shops and roadside vendors to make and receive payments without transaction charges: GTRI
Same salary, different story: Why your colleague got a bigger loan than you
SBI unpaid dividends: How to check unclaimed dividends with bank or IEPF
Investors can check for unclaimed State Bank of India dividends on the bank's website. Dividends unclaimed for seven years are transferred to the Investor Education and Protection Fund. Shareholders can submit claims to Kfin Technologies Limited or SBI Investor Services. Checking unclaimed dividends requires specific details like folio number or client ID. Eligible shareholders and their legal heirs can apply to the IEPF Authority for refunds.
Worried about rising healthcare costs after 60? Discover how senior citizens can secure robust health insurance without breaking the bank. Explore strategies like combining base policies with super top-ups and leveraging employer benefits to achieve comprehensive coverage and predictable renewal costs.
Most active funds beat benchmark indices last year: Motilal Oswal Study
A fresh analysis indicates that actively managed mutual funds have surpassed their benchmark indices, with an impressive 94% of large cap funds outperforming theirs. Midcap and small cap funds have also demonstrated solid performance against their benchmarks. Fund managers effectively utilized market discrepancies and strategic stock selection. It remains crucial for investors to carefully choose suitable schemes and reputable fund houses to maximize gains.
Indel Moneys arm get RBI approval to offer trade remittance services
The RBI approval enables the company to expand regulated cross-border payment services for businesses with faster and compliant trade remittances
Ex-Kotak Bank DVP laundered Panchkula civic funds to buy luxury cars, Harley-Davidson: ED
ED has chargesheeted Pushpinder Singh along with his two colleagues at Kotak Mahindra Bank and an employee of the Panchkula municipal corporation, accusing them of defrauding the Haryana government of more than 100 crore
RBI issues stricter loan recovery rules to protect borrowers from harassment
New RBI norms strengthen borrower rights through fair recovery practices, stricter lender accountability and safeguards against misuse of recovery powers.
Tata Sons in RBIs new Upper Layer list for NBFCs
The inclusion is noted to be independent of Tata Sons ongoing application for de-registration, which is still under review
The Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend income. Special Purpose Vehicles can opt for a new tax regime with a higher surcharge. This decision requires careful evaluation of the entire structure's tax efficiency. The choice between tax regimes depends on individual financial profiles and commercial objectives.
Standard Chartered gets nod to launch wealth management services from GIFT City
Standard Chartered was the first foreign bank to commence operations in GIFT City in 2020
PhonePe's Rs 100 daily RD: How it works; app also adds FD investment option
With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its user-friendly app. Starting investments is as easy as contributing Rs 100 daily through UPI AutoPay. Additionally, the app simplifies the digital handling of fixed deposits, which are secured up to Rs 5 lakh under the DICGC scheme. Best of all, users can withdraw their funds whenever they choose.
SBI MF launches Magnum Equity Ex-top 100 Long Short fund
The new fund offer will be open for subscription on August 7
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explained
Non-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program provides considerable tax advantages as per the Indian Income Tax Act, allowing annual contributions to be deducted up to two lakh rupees. While withdrawals made after the age of sixty are primarily tax-free, it's important to note that annuity income is subject to taxation.
NFO Alert: SBI Mutual Fund launches Magnum Equity Ex-Top 100 Long Short Fund
SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.
These 5 midcap funds deliver over 20% CAGR in 3 years; Invesco India Mid Cap leads
Five midcap mutual funds delivered annualised returns of over 20% in the last three years, led by Invesco India Mid Cap Fund with a 24.7% return. Meanwhile, five other schemes posted comparatively modest returns, highlighting the wide performance gap within the category.
Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as tax notice was issued 26 days after the limitation period had expired. Know how he won case in ITAT Bangalore.
RBI schedules underwriting auction for 32,000 crore government securities on August 7
The auction will follow a multiple price-based method and will be held through the RBIs e-Kuber system
42 equity mutual funds deliver over 15% CAGR in 10 years, turn lump-sum investments 4x
Around 42 equity mutual funds generated a CAGR of more than 15% over the past decade, turning a Rs 1 lakh lump-sum investment into over Rs 4 lakh. Nippon India Small Cap Fund topped the list with a 20.61% CAGR, while several Quant, HDFC and SBI schemes also delivered stellar returns.
Paramotor Digital Tech to distribute prepaid products of Aditya Birla Capital Digital
Paramotor will undertake the marketing and distribution of ABCDLs prepaid products while ensuring compliance with applicable RBI regulations
Gold price today: On August 6, 2026, gold prices surged dramatically throughout India, as Tanishq and Malabar Gold & Diamonds displayed increased rates. The Indian Bullion and Jewellers Association confirmed the striking rise in both gold and silver values, impacting major metropolitan areas such as Delhi, Mumbai, and Chennai. Consumers were quick to notice these changes in pricing on Thursday.
Digital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared income. The Income Tax Department cross-verifies financial data from various sources. Taxpayers should regularly check their Annual Information Statement and reconcile records. Maintaining transaction records and accurately reporting income prevents unnecessary scrutiny.
EPFO claim delays, expert & IT staff shortage flagged by officers body; seeks govt intervention
EPFO officers have raised concerns over the backlog of auto claims that have been pending for over twenty days. The newly introduced IT system, CITES, has encountered significant implementation delays. Since 2008, staffing levels have remained stagnant, adversely affecting service quality. Officers are calling for reforms in both the Employees Pension Scheme and the leadership framework, advocating for expert guidance and PFRDA-like withdrawal restrictions to enhance savings.
GIC arm, Dymon Asia among investors in Leap India's 371-cr pre-IPO placement
The company undertook a private placement of 2.34 crore equity shares at an issue price of 159 apiece
Loss of interest in marriage is not a valid ground for divorce under Hindu Law, orders Karnataka HC
Hindu marriage cant be broken merely because husband lost interest in marriage, rules Karnataka High Court and says The marriage under the Hindu Law is a sacrament and it is not a contract. Know what the high court said about Hindu law regarding marriage.
Don't wait until it's too late: Why gifting assets during your lifetime deserves a look
Have 30+ mutual funds in your portfolio? Expert explains what a 60-year-old investor should do
An expert guides a 60-year-old investor on managing a large mutual fund portfolio. The advice focuses on dividing investments into three baskets for liquidity and growth. This strategy aims to balance immediate needs with long-term wealth creation goals. The expert suggests increasing large-cap exposure and avoiding certain fund categories. Restructuring aims to simplify the portfolio and align it with retirement planning needs.
Best mid cap mutual funds to invest in August 2026
Invesco India Midcap Fund has been in the first quartile in the last 15 months. The scheme had been in the second quartile earlier. Axis Midcap Fund has been in the third quartile in the last 15 months. The scheme had been in the fourth quartile earlier.
Motilal Oswal's 7 buy calls in finance, tech and more after Q1 earnings
Shriram General Insurance gross premium rises 23% to 1,180 crore in April-June
Net profit increased 5% to 131 crore in the quarter
Why the RBI is emerging as an Asian rate outlier
The bank has stood apart from regional counterparts ranging from Indonesia to Australia by keeping policy on hold since the Iran conflict erupted.
A potential EPF wage ceiling increase to 25,000 is generating significant employee interest. Read on to know if existing pensioners will receive higher monthly pension amounts.
MPC keeps repo rate unchanged at 5.25%, retains neutral stance amid uncertainty
RBI pares its FY27 retail inflation projection to 5%; marginally ups real GDP projection to 6.7%
No proposal to close concessional swap facility for FCNR(B) deposits before deadline: RBI
Central bank expects healthy inflows into FCNR (B) deposits going forward
RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
Malhotra says polymer currency notes have lasted for over 30 years in some jurisdictions and will come in handy, especially for the lower denomination notes which have high velocity
A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank to refund the remaining amount with 9% interest and pay Rs 35,000 as compensation. Here's how she won the case.
8th Pay Commission latest news: Employee groups are urging the 8th Pay Commission to raise annual increments significantly. They suggest increasing the rate from three percent to at least five percent. Some organizations propose an increment of six percent annually for employees. Other federations are advocating for a seven percent annual increment rate. This change could substantially boost gross salaries for central government staff.
Is UPI becoming chargeable? Heres what you need to know
A Bill tabled in the Lok Sabha has led to speculation around MDR on UPI. Expert opinion suggests charges on UPI may not be on the cards
NFO Alert: Edelweiss Mutual Fund launches India's first REIT-based Index Fund
Edelweiss Mutual Fund has launched Indias first REIT-based index fund tracking the Nifty REITs & Realty TRI. The NFO closes on August 19, offering diversified exposure to listed REITs and real estate companies through a low-cost passive investment strategy.
Sovereign Gold Bond investor alert: Check August 2026 SGB premature redemption calendar and schedule
For those invested in Sovereign Gold Bonds, early redemption for select tranches is possible from August 2026. This opportunity arises five years post-issue. Investors should ensure they submit their redemption applications within the stipulated timelines, as the redemption value will reflect gold prices from the previous three working days. Missing the submission period could mean a denial of the premature redemption option.
Invesco India Smallcap among top 9 smallcap funds with highest risk-adjusted returns. Check details
Smallcap mutual funds with Sharpe ratios above 0.70 have delivered strong risk-adjusted returns over the past three years. Bandhan Small Cap Fund topped the list, followed by ITI, Invesco India, and others, according to MF Screener.
PPF rules for NRIs: Can non-resident Indians open PPF account in India?
A Public Provident Fund (PPF) is a long-term, small savings scheme offered by the government of India. The PPF offers an attractive interest rate and tax benefits under the Old Tax Regime. The PPF interest rate is 7.1% for this quarter. Interest earned is tax-free under the Income Tax Act 2025.
PGIM India Mutual Fund temporarily suspends SIPs and STPs in 3 international funds
PGIM India Mutual Fund is implementing a temporary suspension of systematic investment plans (SIPs) and systematic transfer plans (STPs) for three of its international funds. This action will commence after the cut-off time on August 7, 2026. The fund house has attributed this suspension to adherence to the overseas investment limits set by regulatory authorities. However, current redemptions and withdrawal options will remain unaffected.
Looking to start an SIP in August? Here are mutual fund picks for aggressive investors
On Wednesday, August 5, 2026, gold prices surged, catching the attention of both buyers and investors alike. Tanishq and Malabar Gold & Diamonds, two prominent names in the jewellery industry, announced increased rates across their collections. According to the Indian Bullion and Jewellers Association, both gold and silver witnessed considerable gains, indicating a remarkable shift in the market for precious metals.
RBI proposes to rationalise interest rate framework to boost transparency, consumer protection
For better transparency, RBI directed banks to switch to external benchmarks like repo for loans from the earlier Marginal Cost of Funds framework in 2019
Retirement calculator: How a large age gap between your children could derail your retirement plans
REITs are not fixed income: Radhika Gupta explains why they belong in the equity bucket
REITs are often mistaken for fixed-income products, but Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, explains why they belong to the equity asset class. She highlights that REITs have lower volatility than equities but remain equity investments due to their risk-return profile. Gupta also explains why investors should view REITs as a diversification tool, not a debt substitute.
