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BoIs Q1FY27 net profit up 36% in Q1FY27 at 3,068 cr
Net interest margin (NIM) was a shade lower at 2.52 per cent against 2.55 per cent in the year ago period
Q1 Results Today, July 24, 2026, Highlights: Follow businessline for more updates
Retail policy market to be strategic focus for company going ahead, says ManipalCigna Health MD & CEO Joydeep Saha
No proposal to make insurers follow treating doctors opinion on claims: Centre
While the government acknowledged that insurers consider clinical assessments among other factors, it emphasised that claims are ultimately decided according to policy conditions
Bank of Barodas Q1 FY27 profit drops 72% due to a one-time NMC Group settlement
Excluding the aforementioned impact of 5,680 crore, the public sector banks net profit would have been 5,528 crore
SBI Life posts 22% PAT growth in Q1 FY27, APE surges 36%
The sharpest growth came from the protection segment, where new business premium more than doubled to 1,960 crore
The Latest Home Loan Interest Rates: Jul 24, 2026
The Latest Home Loan Interest Rates: Jul 24, 2026
Mutual fund NFOs: 8 new funds are open for subscription now. Check details
Eight new mutual fund NFOs are currently open for subscription, spanning ETFs, flexicap, large & midcap, midcap, sectoral, FoF and fixed maturity categories, offering investors diverse investment options.
Is government launching minimum pension scheme for all citizens? Ministry responds in Parliament
Parliament heard that the government has no minimum pension scheme plans. The Code on Social Security, 2020, aims to extend benefits to unorganized workers. This code also provides for setting up a Social Security Fund. The Employees' Pension Scheme, 2026, is a pooled fund for eligible workers. Unclaimed EPF amounts in inoperative accounts totaled over Rs 9330 crores.
Rebuilding capital markets: Binance outlines the shift towards tokenised financial infrastructure
Traditional finance markets are transforming through digital ledger technology. Tokenized stocks offer continuous trading and instant settlement globally. This innovation eliminates traditional market access barriers and high entry costs. Investors can now trade assets even when traditional markets are closed. Binance is leading this shift with its integrated TradFi Stack ecosystem.
Shriram Finance net profit up 60% in Q1 on NII growth
During the quarter, MUFG Bank, the Japanese banking giant and subsidiary of Mitsubishi UFJ Financial Group, completed its acquisition of a 20 per cent equity stake in Shriram Finance
RIL and BSE among top 5 largecap stocks sold by mutual funds in June. Check details
Mutual funds were net sellers in several large-cap stocks in June, with Reliance Industries topping the list, followed by Hindalco Industries, NTPC, BSE and Tata Steel, according to Dolat Capital.
Brokerages say Paytm is executing well in a market with large profit pool, raise target price
Paytms Q1 FY27 revenue reached 24.5 billion, a 28% year-on-year and 8% sequential increase; Net profit rose 79% year-on-year to 2.2 billion
Husband working in wife's father's company says she got his signatures on marriage documents without consent; Gujarat HC rules marriage invalid as no Hindu marriage ceremonies including 'Saptapadi' were performed. Know what Gujarat High Court said about Hindu marriage and how the husband won this case.
8th Pay Commission latest news: Central government employee bodies are demanding the Old Pension Scheme's restoration from the 8th Pay Commission. However, the government has stated no such proposal is currently under consideration. Employee unions argue the New Pension Scheme offers insufficient retirement security for many workers. They advocate for the OPS to provide a respectable and sustainable pension for all employees. Several states have previously reverted to the OPS after implementing the NPS.
As much as Rs 9,330.56 crore lies in inoperative Employees Provident Fund accounts. This unclaimed amount is as of March 31, 2026, according to government data. The Employees Provident Fund Organisation is conducting outreach initiatives to inform members. Inoperative accounts are those with no contributions for three years after retirement. Workers can claim their inoperative EPF funds by transferring or withdrawing them.
Explained: Sebi proposes MF-PMS framework model with entry fee at Rs 25 lakh. Who stands to benefit?
SEBI has proposed a major revamp of the Portfolio Management Services (PMS) framework, including the launch of a new mutual fund-only PMS (MF-PMS) category. The proposal aims to widen investment options for portfolio managers, improve investor access to professionally managed portfolios, and create new business opportunities for PMS providers and mutual fund distributors.
SBI to issue first rupee-denominated perpetual debt of 2026, sources say
State-run Canara Bank was the last lender to tap the market, raising 3,500 crore through Basel III-compliant additional Tier I perpetual bonds at a 7.55 per cent coupon in November 2025
The 8th Pay Commission will hold new meetings in Delhi on August 7 and 10. Employee unions and federations can present their demands and recommendations during these sessions. Stakeholders who submitted memorandums can request appointments by July 31.
EPF interest not credited yet? 3 easy ways to check if your PF interest has been credited
The Employees' Provident Fund Organisation has begun crediting 8.25% interest for the financial year 2025-26. Many EPF subscribers are receiving SMS notifications confirming this interest credit. Members can check their EPF balance through the EPFO portal, a missed call, or SMS service.
To purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange bureau; she got tax notice for unexplained property investment; she fights and wins case in ITAT Mumbai for this reason. Know how she won the case in ITAT Mumbai.
MF Tracker: Should you invest in this only international mutual fund open for subscription now?
With 11 international mutual fund schemes suspending fresh SIP registrations due to regulatory overseas investment limits, Baroda BNP Paribas Aqua Fund of Fund has emerged as the only international mutual fund currently accepting both fresh SIPs and lump sum investments. Experts, however, caution investors against investing solely because the fund remains open, highlighting its thematic nature and suitability only for specific portfolios.
Contractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administrative supervision over timings, attendance and leave does not automatically create an employer-employee relationship. Know what ITAT Cochin said about TDS on salary paid to contractual employees.
Is your CV costing you interviews? Fix these common resume mistakes before applying for next job
Crafting a foolproof CV requires highlighting achievements, not just duties. Tailoring resumes for each role and avoiding generic content is essential. Experienced professionals should prioritize recent work experience over academic history. Referrals improve visibility but do not guarantee job selection. Zero spelling and grammar errors create the strongest positive first impression.
Gold price: Gold prices saw a slight decrease across leading jewellery brands today. See the latest 22k gold prices at leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers.
Does your CV design affect hiring? Here's what HR professionals really look for
A clear CV format and error-free content create a strong first impression for recruiters. While content is vital, presentation matters for quick initial scans by hiring managers. Applicant Tracking Systems filter applications, but human judgment assesses fit and soft skills. Top college and company brands offer an advantage, but actual work experience becomes more important. Proven work and adaptability are increasingly valued over pedigree for experienced roles.
UAEs First Abu Dhabi Bank offers $1.5 billion for India expats FX programme
The United Arab Emirates largest lender is targeting customers based in West Asia and is in talks with banks in India that could issue standby letters of credit to back the financing
ITR filing deadline FY 2025-26: Due dates, penalties, and what happens if you miss July 31 deadline
Taxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is July 31, 2026, while others have later deadlines. Missing the initial deadline allows filing a belated return until December 31, 2026. Late filing incurs a fee of Rs 5,000 or Rs 1,000 based on income.
45% return on FCNR(B) deposits? Understand the 19X leverage strategy before you invest
Multi-asset mutual fund taxation depends on equity and debt exposure. Equity-oriented funds have specific tax rates and holding periods. Debt-oriented funds are taxed at investor slab rates after 24 months. Specified mutual funds treat all gains as short-term capital gains. Correct ITR schedules are crucial for reporting these gains accurately.
Centre implements credit guarantee scheme for MSMEs, MoS informs Lok Sabha
Indias MSME Ministry unveiled an enhanced Credit Guarantee Scheme, boosting collateral-free loans to aid micro and small enterprises, fostering growth and innovation across the country
Ever since the Income Tax utility has disabled the option to claim Section 87A tax rebate on short term capital gains (STCG) from listed equities in 2024, a flurry of taxpayers from across the country were left with either a tax demand or an uncertain thought. Read to know how a taxpayer fought and won 87A case in ITAT Mumbai.
Gold vs silver ETFs vs bonds: Which one saves you the most tax in 2026?
ICICI Bank prices $1 billion five-year dollar bond at tighter spread
Largest such issue by an Indian lender in nearly 14 years; attracts $3 billion in bids
Best conservative hybrid mutual funds to invest in July 2026
Mutual fund advisors anticipate 2026 will be a significant year for hybrid funds. Conservative hybrid schemes offer a balanced approach for new investors. These funds invest primarily in debt with a small equity allocation. Investors seeking capital preservation should prioritize withdrawal plans over dividends. Several conservative hybrid funds are recommended for July 2026 investments.
RBI likely steps in to avert rupee record low as oil surges, traders say
The rupee was around 96.70 per dollar in the interbank system at 08:55 a.m. IST, above its all-time low of 96.96 reached in May
Smaller UPI players seek wider consultation on NPCIs UPI Meta, warn of market concentration risks
NPCI is targeting a launch around the Global Fintech Fest later this year as it looks to make UPI payments as seamless as tokenised card transactions, particularly amid the expected entry of Apple Pay into India
Where should you invest Rs 10 lakh? Equity, hybrid or debtfind the best option
Financial planning: Investing ten lakh rupees requires aligning financial goals with suitable timeframes. Short-term goals necessitate conservative assets offering high liquidity and capital protection. Medium-term objectives allow for a balanced approach with hybrid and equity fund allocations. Long-term wealth creation benefits from a significant allocation towards diversified equity funds. Investors should also consider tax implications and rebalance portfolios as goals approach.
Q1 Results Today Highlights July 23, 2026: Follow businessline for more
Thakur noted that about two decades ago, SCB began as a community credit society and later became an urban co-operative bank with a business size of roughly 4,000 crore
Suryoday Small Finance Bank Q1FY27 net profit zooms 113% at 75 cr
Net interest income rose 28 per cent y-o-y to Rs 316 crore (Rs 247 crore)
AP, PNB signs MoU for Quantum Finance Hub at Amaravati
The Hub will serve as a collaborative platform for research, innovation, incubation, and acceleration of next-generation financial technologies
Citizens Financial Group appoints Rajesh Mani as MD of India GCCs
Rajesh brings more than two decades of experience in financial services and technology
NRE vs NRO FD: SBI, HDFC Bank, PNB and Axis Bank interest rates compared; know key differences
NRE and NRO accounts offer investment avenues for Non-Resident Indians in India. NRO accounts accept Indian earnings, while NRE accounts hold international funds. Interest on NRO deposits faces tax, unlike NRE accounts which are tax-free. NRE funds are fully repatriable, and NRO funds have a yearly repatriation limit. Major banks offer similar interest rates on both NRE and NRO fixed deposits.
How to file ITR-3 online on the Income Tax e-filing portal for AY 2026-2027
Individuals with business income must file ITR-3 for AY 2026-2027. This form captures various income sources, including salary and capital gains. Taxpayers can file ITR-3 online through the e-filing portal. The process involves filling general information and specific schedules. E-verification must be completed within thirty days of submission.
Got Rs 15 lakh to invest for 10 years? Here's what expert recommends
An expert recommends diversifying Rs 15 lakh across equity mutual funds, precious metals and international funds for a 10-year horizon. Investors should align allocations with their risk profile and goals, while staggering investments over 1520 weeks to manage volatility.
Consistent performers: 41 equity mutual funds deliver over 15% CAGR in 3 and 5 years
Around 41 equity mutual funds delivered more than 15% CAGR over both three- and five-year periods. Bandhan Small Cap Fund led three-year returns at 25.95%, while Motilal Oswal Midcap Fund topped the five-year chart at 21.64%.
NRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of shares from a son to his father is not regarded as a transfer for capital gains purposes in the hands of the donor, the reporting of such off-market transactions in the Annual Information Statement (AIS) often creates uncertainty. Experts explain AIS, tax rules and how to avoid notices.
What is the password to open an interest certificate from the SBI website?
Individuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, for many taxpayers. AI-assisted self-filing options are available at lower costs. Expert-assisted plans offer comprehensive support for complex income situations. These services cater to students, salaried individuals, pensioners, and NRIs.
FCNR (B) vs NRE 5-year FD: Which can give higher maturity on $50,000 investment? Know currency risk
FCNR(B) vs NRE currency risk: FCNR(B) and NRE deposits offer distinct investment avenues for non-resident Indians. FCNR(B) deposits provide currency protection, while NRE deposits carry exchange rate risk. Calculations show NRE deposits can yield higher returns if the rupee strengthens. However, the rupee has historically depreciated against the US dollar. Choosing between them depends on individual risk appetite and future fund utilization.
EPF Scheme 2026 rules: Major changes every EPF member and employer must know
Can a shop charge you extra for paying by credit card? Here's what every card user should know
Can merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card acceptance rules. Consumers should check final amounts and report unauthorized transactions immediately.
Taxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties. Interest accrues on unpaid demands after the stipulated period expires. Ignoring these notices may result in being classified as an assessee in default. This classification empowers the tax department to initiate recovery proceedings.
IndusInd Bank shares fall over 6% despite 72% jump in Q1 profit, brokerages divided
The stock hit an intraday low of 1,000.60 on the NSE, down 6.4 per cent.
Parag Parikh Flexi Cap Fund among the top 7 flexi cap mutual funds to invest in July 2026
Parag Parikh Flexi Cap Fund, HDFC Flexi Cap Fund and five others feature among the top flexi cap mutual funds for July 2026, shortlisted on rolling returns, consistency, downside risk and outperformance.
Will a Rs 42,500 monthly SIP with a 10% annual step-up help you retire early?
A 35-year-old investor from Hyderabad, aiming to retire in the next 10 years, sought expert advice on whether his Rs 42,500 monthly SIP portfolio can help build a retirement corpus of Rs 1 crore. While the target appears achievable with disciplined investing, the expert recommended simplifying the 14-fund portfolio and reviewing retirement needs beyond just the corpus size.
Gold rate: Gold prices saw an increase at major jewellery retailers today. Tanishq's 22k gold jewellery is priced at Rs 13,475 per gram. Other brands like Malabar Gold & Diamonds also show a price rise. The India Bullion and Jewellers Association provided indicative rates. These rates may vary based on location and taxes.
ITR filing 2026 alert: 8 capital gains reporting mistakes every taxpayer must avoid
Section 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for salaried individuals. Private sector employees switching to the new regime find this deduction particularly attractive. Employer contributions lower taxable income and build retirement savings simultaneously.
The Ministry of Finance has announced the GPF interest rate for the upcoming quarter. General Provident Fund and similar government funds will earn 7.1 percent interest. This rate remains unchanged for the July to September 2026 period. Public Provident Fund and small savings schemes also retain their current rates. Employees Provident Fund interest rate stands at 8.25 percent for the fiscal year.
NRI or not, 8 ways India's new foreign account tracking affects you
Best balanced advantage funds or dynamic asset allocation funds to invest in July 2026
Balanced advantage funds dynamically manage equity exposure based on market conditions. These hybrid schemes invest in stocks, debt, and arbitrage opportunities. While advisors recommend them, these funds are not entirely risk-free investments. Investors should tolerate stock market volatility and have a five-year horizon. Edelweiss and ICICI Prudential Balanced Advantage Funds are recommended options.
ICICI Bank sets initial guidance for first dollar bond in nearly 9 years
The lender is expected to raise at least $500 million through this issue and has provided guidance of a spread of 130 basis points over the corresponding US Treasury yield
This initiative aims to provide non-resident Indian (NRI) customers with access to leverage, enabling them to place higher deposits with tenors of 3-5 years.
IndusInd Bank posts 72% rise in Q1 profit as asset quality improves
Despite modest growth in net interest income and continued pressure on margins, IndusInd Bank expects net interest margins to improve in the second half of FY27, with loan growth matching industry trends
Total flow of financial resources to the commercial sector zoomed 148% to 7.73 lakh cr in Q1FY27
With interest rates in the bond market tightening, corporates tapped banks for credit in a big way in the first three months of current
UCO Bank Q1 net up 8% at 656 crore on higher operating profit and lower provisions
The banks net interest income rose to 2808.26 crore from 1403.23 crore for the corresponding period last fiscal.
Nippon Life India AMC net up 27% on higher inflows
Equity MF average AUM grew 22 per cent YoY to 3.51 lakh crore
Insurance Brokers Association of India (IBAI) celebrates 25 years of contribution to the insurance industry this week
Go Digit provides retirement solution with split in annuity plan
Customers can choose between immediate and deferred annuity options, with deferment of up to 15 years
How ULIP plans can help you with legacy planning
Legacy planning helps Indian families transfer wealth smoothly across generations. Unit Linked Insurance Plans offer life cover and market-linked growth potential. Life insurance provides immediate financial security after an unexpected earning member's demise. ULIPs build a long-term corpus and offer liquidity after a lock-in period. Bajaj Life Supreme can support wealth creation and family protection goals.
Aye Finance posts 144% profit jump in Q1 FY27
Aye Finance shares fall despite strong quarterly results
Taxpayers can now e-verify their Income Tax Returns using multiple online options. Aadhaar OTP and Electronic Verification Code (EVC) are convenient methods available. Net banking and Demat accounts also facilitate this essential tax process. The Income Tax Department provides clear steps for each verification method. Completing this verification ensures your tax return is officially processed.
Central government employees retiring soon will find CGHS pensioner card applications simpler. Pension details from the Bhavishya portal will now pre-fill CGHS applications automatically. This integration reduces paperwork and manual data entry for all retiring employees. PAN card will serve as the unique identifier for data exchange between systems. Approved CGHS pensioner cards can be downloaded from both the CGHS and Bhavishya portals.
Aadhar download: How to download UIDAI app and enable biometrics on Aadhaar card
The Aadhaar app has surpassed four crore downloads, becoming a key digital service platform. Users can now update addresses and personal details conveniently from home. The biometric lock feature allows users to control fingerprint and face authentication access.
CSB Bank Q1 results: Profit jumps 27% to 150 cr
Total income rises to 1,516 crore from 1,286 crore a year ago
Filed revised ITR but lost Rs 2.99 lakh capital loss carry forward benefit claimed in original ITR; Know how a man challenged tax dept's decision and won case in ITAT Bangalore. Know how the taxpayer won the case in ITAT Bangalore.
Employee unions demand a higher minimum Employees Pension Scheme pension. The government has not announced any increase to the current Rs 1,000. The Employees Pension Scheme 2026 has now replaced the previous EPS 1995. This new scheme introduces faster pension claim settlements and higher interest. Pension calculation formulas under the new scheme remain unchanged.
India Mortgage Guarantee Corp appoints financial services veteran Rajesh Sud on its board
MGC is backed by global and multilateral institutions, including Enact Holdings, Sagen, International Finance Corporation, Asian Development Bank and National Housing Bank
How to select the right ITR form based on your income for AY 2026-2027
Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using ITR-1 under specific conditions. Salary, house property, and other sources may qualify for ITR-1 if income is below fifty lakh. Business or professional income typically requires ITR-3 or ITR-4 for presumptive taxation. Capital gains and complex income often necessitate ITR-2 or ITR-3 forms.
ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax notices
Many taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. This article explains the overlooked three-year rule under Sections 54 and 54F, why it leads to income tax notices and the key compliance checks taxpayers should undertake while filing their ITR for AY 2026-27
Purple Finance to acquire Saksham Gram Credit for rural expansion
Purple Finance plans to acquire Saksham Gram Credit for rural market expansion. The company also secured equity funding of Rs 108 crore for growth. This acquisition will mark Purple Finance's entry into rural and semi-urban lending. Combined Assets Under Management are expected to reach approximately Rs 850 crore. The deal strengthens distribution networks and supports small finance bank aspirations.
Gold rates today: Gold rates saw a significant increase across leading Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, and Joyalukkas reported higher prices for 22k gold. Consumers planning purchases should compare prices to secure the best available deals.
Bandhan Bank shares tank 18% as FY27 RoA guidance cut spooks investors
Nomura maintains a neutral rating with a target price of 190
ABCL pumps 123.89 crore into health insurance arm via rights issue
ABCL's percentage shareholding in ABHI remains unchanged at 45.89% following the transaction
Bajaj Auto upgraded, TVS Motor soars: Motilal Oswal's 7 stock picks to watch now
Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed deposit rate. HDFC Bank, Axis Bank, and ICICI Bank offer a 6% interest rate. These deposits are available in various foreign currencies and offer tax exemptions.
