36 C 
RBI seeks more granular risk, capital disclosures from banks
Banks will also have to provide narrative explanations for major changes in these parameters from one reporting period to another, including the factors driving such movements and the management response to evolving risks
EPFO set to unveil UPI pay-outs of PF
EPFO has undertaken mission-mode initiatives to reduce PF-related litigation and ensure resolution of pending cases: Minister for Labour & Employment Mansukh Mandaviya
Why This Mid-Cap Fund Could Bounce Back Stronger
Senior citizens in Gurugram and Faridabad now have enhanced security for their bank accounts. HDFC Bank has introduced a double OTP system. This initiative ensures money transfers only occur after verification from both the account holder and a trusted contact. This voluntary facility aims to protect individuals over 60 from cybercrimes and financial losses.
Minimum EPS-95 pension increased to Rs 7,500? EPFO says this
A letter circulating on social media falsely claims the minimum Employees Pension Scheme 95 pension has increased to Rs 7,500 monthly. The Employees Provident Fund Organisation has officially stated this notification is fake. The current minimum pension provided by the government stands at Rs 1,000 per month for eligible subscribers.
Is government planning to issue gold bonds to temples in exchange for gold reserves? Check here
The Indian government has officially denied circulating rumors about plans to issue gold bonds to temples or to monetize temple gold holdings. These claims, which emerged after a call to postpone gold purchases and an import duty hike, are completely false and misleading. The Finance Ministry clarified that no such proposals have been approved.
RBI set to pay government record dividend to cushion war shock
The central bank may transfer nearly 3 trillion rupees to the government this week
Ebix Technologies aims 20% growth across insurTech, financial services business
These include solutions across broker connectivity, policy administration, electronic placement systems, compliance infrastructure, and digital insurance exchanges, it added
Do mutual fund and fixed deposit investors need to file ITR if interest income is below Rs 2 lakh?
Homemakers earning under Rs 2 lakh from fixed deposits and mutual funds may not need to file ITR legally, but voluntary nil return filing helps maintain records and claim TDS refunds.
Looking for best flexi cap mutual funds to invest in May? Here are top 7 to consider
How your old forgotten UPI IDs may become a security risk and how to protect yourself
Deleting UPI apps doesn't deactivate associated IDs, leaving financial and privacy risks. Old, forgotten UPI IDs linked to recycled mobile numbers can be exploited by fraudsters. Users must proactively unlink accounts, cancel mandates, and deactivate IDs to ensure digital financial hygiene.
8th Pay Commission pension update: 5 key pension issues discussed in NC-JCM meeting
Central government employees' pension demands were discussed at the NC-JCM meeting. Cabinet Secretary TV Somanathan assured that pension increment every five years and family pension reduction issues will go to the 8th Pay Commission. Physically disabled dependents will have income certificate requirements examined. Old Pension Scheme for certain employees recruited before December 22, 2003, is being considered.
Gold and silver prices saw an increase today, May 19, 2026. Major jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported higher rates for 22k gold.
Standard Chartered plans 7,000 job cuts by 2030 amid AI-driven restructuring
Back-office centres in Chennai, Bengaluru, Kuala Lumpur and Warsaw are likely to be affected
Building a mutual fund portfolio needs careful planning. Experts highlight that too many funds lead to overlap and high risk, especially in smallcap and midcap categories. Investors are advised to consolidate holdings, increase largecap exposure, and reduce thematic investments. A balanced approach with fewer, well-chosen funds ensures better management and stability.
3 Days off every week? Heres what new labour code rules say about 4-day workweek
Is tax-exempt income in India also exempt in the US for NRI?
ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accounts, FCNR deposits, and PPF is tax-free in Indiadoes it need to be reported in the US, and will it be taxed there, including PPF maturity proceeds?
HSBC Midcap Fund delivered exceptional returns, transforming a Rs 10,000 monthly investment into Rs 2.33 crore over two decades. The fund also showed strong three-year trailing returns, ranking second in its category. Experts highlight the fund manager's strategy of focused stock selection in quality mid-sized companies across growth sectors. This approach has consistently benefited from India's economic expansion.
250% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.5 lakh
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II, fixed at Rs 15,904 per unit. Investors can redeem this tranche from May 19, 2026, after the fifth year. This offers an absolute simple return of over 250% on the initial investment.
How NRIs can send money to family and businesses in India but one wrong step violates FEMA
NFO Alert: ICICI Prudential MFs iSIF launches active asset allocator and long-short funds
ICICI Prudential Asset Management Company has launched two new strategies under its Specialised Investment Funds (SIF) segment: iSIF Active Asset Allocator Long-Short Fund and iSIF Equity Long-Short Fund. The NFOs are open for subscription till June 2. The strategies aim to offer adaptive portfolio construction through long-short positioning, dynamic asset allocation and derivatives-based risk management.
RBI likely selling dollars via state-run banks to steady rupee, traders says
The rupee was quoted at 96.32 per dollar on Tuesday, off a low of 96.3850
Q4 Results Today, May 19, 2026, Live Updates: Catch live updates
Can Rs 1.5 crore retirement savings give you Rs 1 lakh monthly income for 20 years? Heres the math
With a Rs 1.5 crore retirement corpus earning 6%, withdrawing Rs 1 lakh monthly can last about 22 years, leaving little balance. Slightly higher returns allow marginally higher withdrawals but nearly exhaust the corpus. Experts caution that returns from the corpus arent guaranteed and suggest a safer 35% withdrawal rate to sustain funds longer. A balanced mix of debt and hybrid funds, with focus on stability over high returns, is key to avoiding premature depletion.
Indian students studying in the USA on an F1 visa need specific authorization to work. This authorization comes from an Employment Authorization Document (EAD) linked to Optional Practical Training (OPT). A confirmed job offer alone is not enough. Students must complete their studies and obtain the EAD before starting any employment.
Have assets in the USA or UK? Why an Indian Will alone may not protect your heirs
Indian families with assets in the USA and UK need robust succession plans. A single Indian Will may not suffice for overseas properties. Experts advise considering jurisdiction-specific documents and trusts. This ensures smooth wealth transfer and avoids disputes. Proactive planning is crucial for protecting heirs and managing foreign tax implications.
ViyonaFintech gets NPCI certification
With this milestone,Hyderabad-based Viyonajoins a select group of fintech infrastructure players building end-to-end payment orchestration capabilities aligned with National Payments Corporation of India standards.
Bitcoin at two-week low as crypto liquidations hit $500 million
The token has been under pressure in recent days as uncertainty around the US war with Iran weighed on risk assets
Fintechs turn to AI for personalised finance, fraud detection and smarter operations
The sector looks beyond basic automation and chatbots toward more intelligent financial services infrastructure
RBI dispenses with commercial banks requirement for investment fluctuation reserve
This move is aimed at reducing operational rigidity while preserving prudential safeguards
Central Bank of India keen on supporting Indian exporters: ED Murali Krishna
Timelybanking assistance is vital to enhancethe competitiveness of Indian exporters in global markets, says Executive Director
TVS Venu Group to acquire 9.9% stake in Jana Small Finance Bank for 193 crore
The move follows TVS groups recent expansion in financial services, including its agreement to acquire PGIM India Asset Management, and reflects its focus on Indias growing digital financial ecosystem
SBI nation-wide 2-day strike next week
All India State Bank of India Staff Federation puts forth 16-point charter of demands
West Bengal state government employees will see salary and pension increases with the 7th Pay Commission approval. A new Annapurna Bhandar scheme offers financial aid to women, linked to Lakshmir Bhandar.
IndusInd Nippon Life Insurance FY26 profit up 15% at 248 crore
New business premium increased 18.5% year-on-year to 1,475 crore in FY26
HDFC Bank has updated its Regalia Gold Credit Card lounge access policy, introducing a spend-based eligibility for domestic airport lounges starting July 1, 2026. Cardholders must now spend at least Rs 60,000 in the preceding quarter to qualify for three complimentary visits. International lounge access via Priority Pass remains unchanged with six annual visits.
Private landlords in the UAE can now access tenant credit scores. This new system requires tenant consent through the UAE PASS digital identity platform. The Etihad Credit Bureau facilitates this secure, consent-based data sharing. This initiative aims to increase transparency in the real estate market. The service was announced at GITEX 2025 and launched in April 2026.
7 mutual funds trim exposure in 19 smallcap stocks in April. Check key details
Seven mutual funds reduced stakes in 19 smallcap stocks during April, trimming exposure across sectors to actively manage portfolios, rebalance holdings, and improve returns amid changing market conditions and valuations.
IndusInd Nippon Life Insurance posts 18% rise in new business premium
The results mark the companys first full financial year since rebranding from Reliance Nippon Life Insurance, following IndusInd International Holdings Limited (IIHL) acquiring a stake alongside existing partner Nippon Life Insurance
How Trump's crypto venture and Iran's top exchange tapped into the same industry networks
Sun and Binance, the crypto exchange owned by Zhao, are both prominent backers of World Liberty Financial, the crypto firm co-founded by Trump and his family
The Unique Identification Authority of India has extended the free Aadhaar document update service on the myAadhaar portal. Aadhaar holders can now update their identity and address proof documents without any charge until June 14, 2027. This facility is exclusively available online. The authority encourages citizens to update their details to ensure accuracy in the Aadhaar database.
Liberty Mutual raises India stake to 74% in Liberty General Insurance
The remaining 26% stake in LGI is held by Enam Securities
Top 10 largest offshore India-focused equity funds and ETFs. Check details
India-focused offshore funds saw mixed trends as Franklin FTSE India ETFs attracted strong inflows, while the top 10 funds combined assets declined 22% in March 2026 amid broader market weakness.
Bank of India raises fixed deposit rates for medium- and long-term tenures
Senior Citizens will receive an additional 0.50% p.a. over the applicable rate for deposits maturing between six months and less than three years, while Super Senior Citizens will get an extra 0.65% p.a. for the same tenure band
Want to invest Rs 6 lakh? Expert suggests mix of mutual funds, gold and silver for balanced returns
Market expert Nisreen Mamaji advised a balanced, structured approach to a Rs 6 lakh mutual fund investment, suggesting 80% allocation to equities and 20% to gold and silver, deployed via staggered investing. She projected potential long-term returns of 1214% for equity, 78% for gold and 911% for silver, highlighting disciplined investing, diversification and avoiding overcomplex portfolios for wealth creation.
Bank of India hikes FD interest rates on select tenures: Senior citizens to earn up to 7.45% rate
Bank of India has raised interest rates on fixed deposits for tenures between one and three years. These new rates are effective from May 18, 2026. Senior citizens and super senior citizens will receive additional benefits. The bank has also outlined its penalty charges for premature withdrawals of fixed deposits.
India directs State-run banks, insurance firms to cut costs, shift to EVs
The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country
Govt weighs options to revive stalled IDBI Bank privatisation
One of the options is to reduce the reserve price by as much as 20% after buyers balked in the previous round, which was halted in March, sources said
Gold prices dipped on May 18, 2026, influenced by global market weakness and shifting investor sentiment. While international rates saw a sharp weekly decline, Indian domestic prices remained high due to rupee movement and local demand. Leading jewelry brands and IBJA reported a decrease in gold and silver rates.
NFO Alert: Edelweiss Mutual Funds Altiva SIF to launch Equity Ex-Top 100 Long-Short Fund
Edelweiss Mutual Fund has launched its second Altiva SIF offering, the Altiva Equity Ex-Top 100 Long-Short Fund. This equity-led strategy aims for long-term capital appreciation by focusing on small and midcap companies, offering a differentiated investment opportunity beyond the top 100 by market capitalization.
TVS Motor to acquire 4.9% stake in Jana Small Finance Bank for 193 crore
The move follows TVS groups recent expansion in financial services, including its agreement to acquire PGIM India Asset Management, and reflects its focus on Indias growing digital financial ecosystem
The 49th annual meeting of the NC-JCM, presided by Cabinet Secretary TV Somanathan, addressed key central government employee concerns. Discussions focused on demands for the 8th Pay Commission, restoration of the Old Pension Scheme, and the increasing number of pending court cases. The meeting also highlighted issues like delayed government order implementation for AIIMS employees and non-implementation of arbitration awards.
Banks asset quality stable in Q4FY26, West Asia risks may emerge in Q2FY27: Report
The report noted that most banks continued to maintain healthy asset quality metrics, with net slippage ratios remaining under control despite macroeconomic uncertainties and pressure on margins following the repo rate cut
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series VIII at Rs 16,012 per unit. Investors can redeem their bonds early from May 18, 2026, after five years of the issue date. This offers online investors a significant return of 212.30% on their initial investment, excluding interest.
RBI lifts bond-trading target for primary dealers by 48%
Each of the 21 primary dealers must trade at least 4 lakh crore ($41.8 billion) of bonds in the financial year starting April, up 48% from last years target
Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowing global IT spending, and muted earnings. This strategic shift reflects investor caution amid a transition phase for the IT sector, with a preference for domestic sectors like financials and defence.
Big relief for Delhi power consumers: SC says this cost can't be charged for no-supply period
Delhi electricity consumers receive significant relief as the Supreme Court ruled they cannot be made to pay for the depreciation costs of a TATA Power Delhi Distribution plant during periods of no supply. The court stated that consumers should not bear costs for services they do not receive.
NRIs: Your India investments could be losing money without these 8 rules
Can your co-owner sell a property without asking you? The answer depends on this one decision
UK Renters Rights Act: These are the 11 legal grounds landlords can still use to evict tenants
The UK Renters' Rights Act, effective May 1, 2026, introduces significant changes to tenant evictions. Landlords can now evict tenants under 11 specific legal grounds, categorized as mandatory or discretionary. These grounds include situations like the landlord or family needing to occupy the property, the intention to sell, or mortgage repossession, each with strict notice periods and conditions.
Smart beta funds: Too much passive noise?
While there is a growing tribe of passionate passive-only believers (a perfectly legitimate approach), its best to take a middle path and build a portfolio that has allocation to both passive and active components.
Metro to small town: Pros, cons and costs
Many are trading metro life for tier 2 cities, seeking better quality of life, cleaner environments, and reduced stress. While income may fall, lower expenses and proximity to family are significant draws. However, career growth, job opportunities, and infrastructure quality remain crucial considerations for this evolving relocation trend.
Benami trap: Family deals under scanner
Where family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangements, especially involving unrelated persons, carry significant risk. The consequences are serious. It is no longer just about losing a legal claim. It can mean complete confiscation of the asset.
EGRs vs ETFs: Which gold format works best?
An EGR is a digital certificate backed by actual physical gold stored in a Securities and Exchange Board of India (Sebi)-regulated vault. The receipt is held in your demat account, like a share or ETF. You can buy EGRs in denominations of either 0.1 gram (i.e. 100 mg), 1 g, 10 g, 100 g and 1 kg.
MF-PMS: Are higher advisory fees worth it?
PMS-style mutual fund advisory can fetch you a curated selection of funds with allocation and execution embedded. This convenience faces a test of capabilities and the burden of costs.
Cheap stocks can still be value traps
Different sectors use different valuation metrics because business models vary. Investors therefore need to understand not just valuation multiples, but the logic behind them. P/E multiple, PEG ratio, P/S ratio, price-to-book value, EV/Ebitda are some commonly used relative valuation metrics.
Japan, Brazil in top global equity markets in 2026
Welcome to TrendMap, your visual guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investors standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. Key takeaway: diversification helps navigate market cycles.
First fuel price hike in 4 yrs: More increases ahead?
India is the worlds third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Fridays increase suggests it is beginning to restore a balance as fiscal and market pressures grow.
Your monthly spend also decides your retirement
Expense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping tools. They reveal recurring patterns, unconscious leakages, and hidden habits that quietly shape long-term wealth outcomes. Before you can plan where your money goes, you have to see where it is already going.
Liquid fund inflows at a 7-year high as investors avoid risk
Liquid funds saw a record inflow of over 46,000 crore in April, the highest in seven years. This surge was driven by ample money in the banking system and attractive short-term returns. Investors also chose these low-risk options due to equity market volatility. Liquid funds offer quick access to money, making them ideal for parking surplus funds.
Prudential buys 75% stake in Bharti Life Insurance for 3,500 crore
The transaction will be funded from existing resources, says Prudential
Proceeds of MFLs 4K cr IPO to be used for biz growth: CEO
7 mutual funds reduce exposure to 18 midcap names in April. Check details
Delhi govt to provide up to 10 crore collateral-free loans to women startups, SHGs
The government will also provide platforms in malls and large shopping complexes across the city to help indigenous products made by women self-help groups (SHGs) reach a wider market
NFOs this week: 4 SIFs and 1 passive fund to open for subscription
iSIF Equity Long-Short Fund and iSIF Active Asset Allocator Long-Short Fund will open for subscription on May 19 and close on June 2. The minimum investment amount for both funds is Rs 10 lakh.
Equity mutual funds rally up to 28% last week, international funds lead; check top 9 with 20%+ gain
Margins may stay under pressure in FY27 as banks brace for West Asia risks, ECL transition: Report
For SBIN, AXIS Bank and Indian Bank, the sequential decline in Yield on Advances was steeper than peers
Gold prices surged by Rs 766 per gram this week, with 24k gold climbing nearly Rs 800 before retreating from record highs. This volatility follows Prime Minister Modi's appeal to reduce gold purchases and the government's increase in customs duty on precious metals, impacting both consumer demand and jewelry stocks.
PFC-REC merger plan moves ahead, to seek Presidential approval
Once approved, RECs assets and liabilities will be transferred to PFC, with REC eventually being dissolved
IDBI Bank to raise up to 10,000 crore via long-term rupee bonds in FY27
Move comes in the wake of banks deposit growth continuing to lag credit growth
8th Pay Commission meeting on May 1819 in Telangana: Top demands, pay hike talks & key updates
Gold and silver prices saw a dip on Saturday, May 16, 2026. This followed a volatile week where rates fluctuated sharply. Factors like rising US inflation and anticipated interest rate hikes influenced the market. Local factors also played a role, including government duty increases. Consumers can check rates at major jewellers like Tanishq and Malabar Gold & Diamonds.
NPS launches Retirement Income Schemes: New drawdown option for pension payouts, benefits & rules
The Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension System subscribers. These changes aim to provide predictable cashflow and extend the life of retirement funds.
RIL, HDFC Bank among 18 stocks from which these 7 mutual funds reduce their exposure in April
Seven top mutual funds trimmed exposure to 18 major stocks in April, signalling a strategic shift in market positioning.
10 equity mutual funds cross Rs 60,000 crore AUM; top 3 manage over Rs 1 lakh crore each
Around 10 equity mutual funds managed over Rs 60,000 crore in assets by April 2026, led by Parag Parikh Flexi Cap Fund, while HDFC Mutual Fund dominated with three entries.
Rs 2.46 lakh yearly income from SCSS: How senior citizens can earn regular interest income
The Senior Citizens Savings Scheme (SCSS) offers a high 8.2% interest rate for the April-June 2026 quarter, with a five-year tenure extendable by three years. Deposits up to Rs 30 lakh are permitted, and while interest is taxable, a deduction of up to Rs 50,000 is available under Section 80TTB.
Quant Mid Cap Fund exits Lenskart Solutions and 2 other stocks, adds SAIL in April
Quant Mid Cap Fund exited Lenskart Solutions, NMDC and SBI Cards in April, while adding Steel Authority of India to its portfolio, the funds monthly disclosure showed. The fund also increased exposure to Reliance Industries and maintained holdings in several key stocks, as sector allocations shifted toward healthcare and metals.
