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Stress test: Banks and NBFCs can withstand losses under adverse scenarios
K Ram Kumar
Bima Sugam to go live by September-end: IRDAI chief
Consultation paper on wider distribution reforms expected before the end of July
Funding emerging as key challenge for the banking system: FSR
Change in investment preferences towards higher-yielding equities and mutual funds
Fintechs bet on UPI-led engagement to build lending, commerce business
While rewards and cashback continue to attract users, companies are increasingly positioning them as tools to deepen engagement rather than standalone customer acquisition strategies
New Aadhaar App from July 1, 2026: Will all your old Aadhaar records be erased from mAadhaar app?
The older mAadhaar App is retiring on June 30, 2026, making way for a new, enhanced Aadhaar App. Don't worry, your existing Aadhaar records will not be deleted; the app is merely a service access point.
Small savings scheme interest rates: The Finance Ministry has kept interest rates on all small savings schemes unchanged for the JulySeptember 2026 quarter. Rates remain 8.2% for SCSS and Sukanya Samriddhi, 7.7% for NSC, 7.5% for Kisan Vikas Patra and 5-year deposits, 7.1% for PPF, and 4% for Post Office Savings Account.
Retiring with Rs 2 crore? Experts advise a prudent 3.5-4% withdrawal rate, yielding around Rs 60,000-Rs 70,000 monthly. This sustainable income hinges on lifestyle, inflation, and investment strategy, with a balanced portfolio of equities and bonds crucial. Avoiding common pitfalls like excessive early withdrawals and neglecting healthcare costs ensures your corpus lasts.
These 10 equity mutual funds gained up to 10% in June. Check top performers
Over 30 years ago in 1995, Amish Anantrai Modi had booked some shops in a project for a total consideration of Rs 25 lakh. In his complaint, the buyer said that he needed suitable commercial premises to expand his existing business activities and earn his livelihood by means of self-employment. However, the builder never started construction of the proposed project.
NFO Alert: ICICI Prudential Mutual Fund announces launch of balanced hybrid fund
The new fund offer or NFO of the fund is open for subscription and will close on July 14. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment.
Private sector drives rise in India's external debt as government debt declines: RBI
RBI data showed that India's external debt increased by $26.3 billion over its level at the end of March 2025
Gold prices saw a dip across major Indian jewellery brands on Tuesday, June 30, 2026, offering buyers welcome relief. Leading retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates for 22-carat gold in key cities.
My wife and I declared diabetes in our health insurance policy. Will it cover new illnesses too?
ET Wealth Reader's Query: My wife and I have had a floater health insurance policy for over four years. We declared diabetes as a pre-existing condition. Now we have high cholesterol and mild fatty liver. Will my insurance cover pre-existing and new illnesses?
Good investing outcomes come from doing few boring things well: Nithin Kamath
Zerodha co-founder Nithin Kamath said building long-term wealth does not require chasing hot stocks or timing the market. He stressed that investors often overcomplicate investing by trying to predict markets or pick from thousands of options. In a post on X, he said good outcomes come from doing a few boring things well through disciplined, low-touch investing.
Tata AIA launches two cancer insurance plans with income replacement option
The company launched the product after research showed 48% of respondents preferred income payouts over lump sums, and 47% favored monthly income
Rupee heads for first quarterly gain in five on cooling oil prices and a policy boost
An improvement in the countrys growth outlook is expected to stem the rupees depreciation though gains are expected to be limited by importer dollar demand and potential dollar buying by the RBI to rebuild FX reserves
HDFC Bank appoints Puneet Sharma as CFO, confirms exit from Axis Bank
The appointment confirms market speculation following Sharmas resignation from Axis Bank, announced on June 28, 2026
With UPI now live in Greece, eligible customers can transfer money instantly, securely, and seamlessly, with transaction costs reduced drastically to a fraction of conventional transfer costs.
Regulatory measures to help banks withstand West Asia, El Nino risks: Nuvama
Public sector banks, small and mid-sized private banks and second-line NBFCs outperformed, while large private sector banks and NBFCs lagged due to concerns related to growth, margins and management issues
Central government departments must submit pay revision data for the 8th Pay Commission by today, June 30, 2026. Submissions are strictly online via the commission's portal; physical or emailed data will be rejected.
Which mutual funds are best for SWP? Expert explains, also decodes STP tax implications
Choosing the right mutual funds for a Systematic Withdrawal Plan (SWP) hinges on individual financial goals, investment horizon, and risk tolerance, not a universal list. Experts advise aligning fund choices with withdrawal timelines, suggesting equity/hybrid for long-term wealth building and debt funds for immediate income needs. Understanding tax implications of Systematic Transfer Plans (STPs) is also crucial for a balanced investment strategy.
As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why taxpayers receive scrutiny notices, how they should respond, the consequences of non-compliance and under-reporting of income, the relief available under Section 270AA, and the key compliance lessons for filing current-year returns.
10 equity mutual funds deliver over 25% returns in 2026, one of them doubled money
Around 10 equity mutual funds delivered returns of over 25% in the first half of 2026, with Nippon India Taiwan Equity Fund more than doubling investors' money. The top performers were largely international and thematic funds, while technology-focused schemes dominated the list of worst-performing equity mutual funds during the period.
Yes Bank shares slip; 16,000-crore fundraise nod, 879-crore tax refund
The stock remains below its 52-week high of 25.78, hit on June 18, while comfortably above its 52-week low of 17.20 from March 30
You could get thousands back in tax refunds, if you know where to look
You probably own 15 funds. You only need 1. Here's why
Four PSU banks pay 9,439 cr dividend to govt for FY26
PNB MD & CEO Ashok Chandra presented a dividend cheque of 2,416 crore for FY 2025-26 to Finance Minister Nirmala Sitharaman
Enhanced insurance cover for exports to West Asia extended till Sept 30
The enhanced risk cover announced on March 19 was part of the Resilience and Logistics Intervention for Export Facilitation (RELIEF) scheme under the Export Promotion Mission
Best dynamic bond funds to invest in June 2026
Confused by interest rate shifts? Dynamic bond funds offer a solution, allowing managers to adjust investments based on market outlook. While not foolproof, these funds could shine if the RBI begins rate cuts later this year, potentially rewarding debt mutual fund investors after muted performance. For those investing three to five years without wanting to predict rate movements, dynamic bond funds present an option.
Global financial firms pivot to South Korea, cautious on China and India, survey shows
Singapore, Hong Kong, South Korea, China, Japan, India and Taiwan are attracting roughly half of firms' expansion interest
HDFC Bank names Puneet Sharma CFO, starting December 1
Sharma will join the lender as CFO-designate from September 1 after more than six years as CFO Axis Bank, from where he resigned on Sunday.
Retirement planning: Dipping into your retirement corpus for urgent needs can be a costly mistake, potentially costing you lakhs by retirement. Experts emphasize building a robust emergency fund, ideally covering six months to two years of expenses. This fund, held in low-risk, easily accessible instruments like savings accounts or liquid funds, acts as a crucial buffer against unforeseen events, safeguarding your long-term financial future.
Working abroad? You may pay zero tax on selling Indian shares if you meet this condition
Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign exchange. This provision, under Section 215 of the Income Tax Act, 2025, allows for tax exemption if the sale proceeds are reinvested in specified Indian assets within six months. However, a three-year lock-in period applies to the reinvested assets.
A Telangana High Court ruling has revived a property deal after a buyer's nine-year delay in paying the Rs 8 lakh balance. Despite the seller's initial opposition, the court condoned the extensive delay, allowing the buyer to complete the sale by depositing the outstanding amount with 12% annual interest. The court emphasized that the seller's failure to appeal the original decree prevented him from opposing the sale now.
HDFC Banks board approves former CEC Rajiv Kumar as its PT Chairman
Kumar, who retired as Finance Secretary in February 2020 and later also served as the 25th Chief Election Commissioner of India, is appointed as an Additional Director with effect from June 30, 2026 for 4 years
Bank of Baroda may raise up to $1 billion via senior unsecured notes issuance
The plan to raise resources via the senior unsecured notes may be to provide leverage to its NRI customers wanting to place fresh foreign currency non-resident (bank) deposit with the bank at higher interest rates
Banking sector needs more bold reforms, says Deepak Parekh
India needs to move out of its legacy policy frameworks and need bold measures like adopting cross border securitisation transactions
PSB Canara Bank handed cheque of 2,397 cr to the GOI
For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share
Central Bank of India opens its IFSC banking unit at GIFT City
Banks IBU will enable it to cater to the foreign currency funding requirements of its corporate clients
SBI concludes issuance of 3-year $300 m floating rate notes to attract foreign currency deposits
The bonds will be issued through its London branch as of July 6.
EPFO portal upgrade 2026: When will claim, passbook and other online services be available again?
GIFT IFSC to get One KYC system as IFSCA plans unified client onboarding framework
Mandatory KRA integration aims to eliminate repeated KYC, speed up onboarding and build common compliance infrastructure across GIFT IFSC.
Aarogya Setu 2.0, a new Personal Health Record app, launched today, offering users access to health services, secure record storage, and nearby facility searches. Developed under Ayushman Bharat Digital Mission, it integrates PM-JAY services and introduces Ayushman Sarathi, a WhatsApp chatbot for easier access.
Some banks are set to see stronger interest margins as RBI moves cut short-term funding costs
Certificates of deposit, which banks use to raise funds for up to one year, have seen rates plunge by up to 60 basis points over the past three weeks
MFI portfolio quality up in May; West Bengal, MP, Rajasthan laggards: Report
West Bengal, Rajasthan and Madhya Pradesh are the laggards delivering elevated levels of stress for the MFIs, the report said
JioBlackRock Mutual Fund launches Prism Hybrid Long-Short Fund, its first SIF
JioBlackRock has launched its Prism Hybrid Long-Short Fund, an innovative interval investment strategy allowing twice-weekly redemptions. This fund aims to generate capital appreciation and income by blending equity, debt, derivatives, and alternative investments. Designed for dynamic markets, it seeks to deliver better risk-adjusted returns with lower volatility, leveraging BlackRock's global expertise and advanced technology. The New Fund Offer is open until July 13.
July 2026 presents crucial income tax deadlines for Indian taxpayers. The most significant deadline is July 31, marking the final day for salaried individuals and pensioners to file their Income Tax Returns (ITR-1 and ITR-2).
Mutual fund returns stuck at 1% in four years? Expert says next phase could matter the most
After earning just 1% returns from mutual fund investments over four years, an investor sought expert advice on whether to alter her portfolio. Harshvardhan Roongta of Roongta Securities said weak returns are a normal part of equity investing, urging investors to stay disciplined, avoid frequent changes, and focus on long-term wealth creation through consistent SIPs.
PPF calculator: Invest 1.5 lakh a year and here's exactly when you'll hit 1.54 crore
IIFCL plans $1 billion loan; in talks for $400 million ADB funding
The $1 billion loan will be for 15 years at an interest rate of under 7%, and the company is talking to the Asian Development Bank for a separate 20-year loan of roughly $400 million
Gold prices saw a slight dip across major Indian retailers today, offering a welcome respite for buyers. Jewellery prices for 22-carat gold have settled around Rs 13,110 per gram at leading stores in cities like Delhi, Chennai, and Mumbai.
Looking for best NPS equity funds? These schemes delivered up to 14% in 3 years
The National Pension System (NPS) delivered strong returns over the past three years, combining retirement planning with tax benefits. Among fund managers with a three-year track record, Tata Pension Management emerged as the top performer.
India insurance market turns buyer-friendly amid reforms, increased competition: Report
The report states that regulatory changes in 2025 have made the Indian insurance market more attractive to foreign investors
Turtlemint Fintech shares list at 10-11% discount on BSE, NSE
Stock debuts at 134.90 on NSE and 136.20 on BSE against issue price of 152
Experts are advising mutual fund investors to focus on large-cap, flexi-cap, and multi-asset funds for the latter half of 2026. Following a volatile first half, a cautious yet optimistic approach is recommended, emphasizing diversified equity exposure. While valuations are considered fair, risks like global tensions and oil prices persist. Investors are urged to maintain SIPs and avoid market timing, especially first-time entrants.
8th Pay Commission salary hike calculator: Check your pay increase at a 2.10 fitment factor
5 silent reasons banks slash your credit card limit without warning
Best short duration mutual funds to invest in June 2026
Short duration mutual funds offer a balanced investment option for horizons of one to three years, navigating moderate interest rate risks. These schemes invest in a mix of short-term and very short-term instruments like treasury bills and corporate bonds. For June 2026, HDFC Short Term Debt Fund, ICICI Prudential Short Term Fund, and Axis Short Term Fund are highlighted as top performers based on returns, consistency, and risk management.
Bank holidays in July 2026: Banks to remain closed on these days in several states; check full list
July bank holidays: Bank customers should note upcoming July 2026 closures across various Indian states. Important banking tasks should be planned around these specific dates to avoid inconvenience. Consulting the RBI holiday calendar is advised before visiting your local branch.
In a significant ruling, the Supreme Court has declared that temporary-status employees, even without formal regularization, are entitled to pensionary benefits after retirement. This landmark decision, stemming from a case involving postal workers, emphasizes that long service and eligibility under specific rules grant these rights. The court directed authorities to disburse pensions and retiral benefits promptly, asserting that pension is a deferred wage and a constitutional right.
A homebuyer in Gurgaon's Sector 108 will receive Rs 26 lakh in compensation from a builder for delayed possession. Haryana RERA ruled that the delay caused the buyer to miss out on a significant 130% property price appreciation. The authority also ordered a refund of the amount paid, plus interest, and compensation for mental agony and litigation costs, setting a precedent for such cases.
Foreign income? Avoid 7 ITR filing common mistakes
Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from the simpler ITR-1. Tax authorities are leveraging global information exchange to track overseas assets and income. Accurate reporting in Schedule FA is crucial to avoid penalties under the Black Money Act. Taxpayers must diligently disclose all foreign holdings, including dormant accounts and employee stock options, to ensure compliance.
Own foreign assets? File your ITR the right way
Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and accounts while filing ITR. Direct foreign holdings require Schedule FA reporting, unlike Indian international mutual funds. Errors can attract penalties under the Black Money Act, making accurate disclosure and timely corrections essential for compliance.
Can mutual fund SWPs safely pay your home loan EMI?
Most investors struggle as they watch their portfolio shrink while EMI obligations remain fixed. The temptation to stop the SWP or redeem the corpus becomes overwhelming. This introduces discretionary risk into what is assumed to be a systematic plan. Acting on it at the wrong time permanently locks in the loss. An investors life situation also matters.
RBI plans wider access to India's money market
The RBI has proposed widening participation in Indias term money market by allowing eligible NBFCs, mortgage lenders, companies and financial institutions to lend and borrow short-term funds. The move aims to deepen money markets, improve liquidity access and broaden participation, while imposing prudential exposure limits on eligible non-bank finance firms.
EPFO 3.0: Can it finally fix PF hassles for members?
EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, simplified withdrawals, digital record corrections and improved user access. While these reforms promise greater convenience, longstanding issues such as data quality, employer dependence, pension complexities and grievance resolution remain challenges that will require sustained implementation efforts.
NSE IPO: What investors should know before buying
NSE IPO: Stock exchanges operate on a distinct business model from sectors such as banking, manufacturing, or technology. They neither lend nor manufacture. Instead, exchanges function as platforms that facilitate transactions between buyers and sellers. Meanwhile, NSEs biggest earnings risk is its dependence on derivatives.
Using UPI? Avoid mistakes with these 7 tips
We begin this new series with Bala, a curious young learner, as he explores money concepts. His first lesson: understanding UPI and digital money. UPI (Unified Payments Interface) is an instant payment system that allows you to transfer money between any two bank accounts using a mobile app. It acts as a digital bridge between banks, making money transfers simple.
Money lessons for children: How parents can start
Be available for counsel and advice, but wait for the children to ask for it. Offering unsolicited advice, which comes from a position of love and concern, and telling the children that parents know better, comes in the way of their learning process. Set the boundaries, make the rules, agree on do and donts, but do this at the very start. After that, it is their game to play.
ITR filing guide: Who needs to file, who is exempt
Individuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the applicable exemptions and deductions exceeds the basic exemption limit. Even if youre exempt, file a return if you have a refund due, or you need to apply for a loan, passport or visa.
EB-5 Investor Visa guide for US Green Card
File your application before 30 September 2026 to lock in todays rules for the whole journey. Source-of-funds standards, investment structure, job-creation criteria, all frozen at the point of filing, regardless of what the Congress does later. The deadline also creates conditions in which investors make costly mistakes. Documentation bottleneck is the most immediate.
Can a mutual fund SWP pay your home loan EMIs? 15 years of data says think again
Most investors struggle as they watch their portfolio shrink while EMI obligations remain fixed. The temptation to stop the SWP or redeem the corpus becomes overwhelming. This introduces discretionary risk into what is assumed to be a systematic plan. Acting on it at the wrong time permanently locks in the loss. An investors life situation also matters.
Weak monsoon raises fresh worries for India's economy
A 10% rain deficit could add as much as one-percentage-point to headline consumer inflation driven by food prices, according to research by Yuvika Singhal, an economist at QuantEco Research. Indias cumulative rainfall was 43% below normal as of June 22.
HDFC Bank chief reappointment: Legal review bolsters case, but RBI unlikely to be swayed
HDFC Bank board may back Jagdishans third term, but experts say internal probe cant replace RBIs fit and proper test
Equity mutual funds fall up to 7% last week; international funds among worst hit
Adulting 101: Why financial protection isn't just for parents
The article highlights why financial protection should begin early, not just after major life milestones. It explains how buying a term insurance plan in your 20s or 30s can secure lower premiums while strengthening long-term financial stability. The piece also explores how early planning safeguards future goals and loved ones. Published on National Insurance Awareness Day, it encourages young adults to make informed financial decisions and build a secure future.
AMFI reshuffle: Hindustan Copper among 6 smallcap stocks that may get upgraded to midcap
Six smallcap stocks, including Hindustan Copper and NLC India, may move to midcap in AMFIs H2 CY26 reshuffle, as per Nuvama Institutional Equities. The potential reclassification could influence fund flows, though projected threshold levels show inconsistencies and need confirmation before firm conclusions are drawn.
SBI ends land dispute with Telangana govt, to withdraw case
The State governmenthas also agreed to offer an additionalplot in the upcoming Future City for a data centre to be set up by the bank
The Kerala High Court has ruled that a bank dealing with public funds owes a duty to its depositors to make prompt payment of the funds deposited by them. This judgement came against the background of a case filed by a man from Thrissur whose grievance was that his Rs 5 lakh FD which had matured in 2015 but due to technical reasons the bank did not repay it.
Homebuyers have won a significant victory in Tamil Nadu, with the Real Estate Appellate Tribunal (TNREAT) allowing them to appoint independent engineers to inspect properties for construction defects. This ruling empowers buyers to verify the quality of materials and construction, even against builder objections. The tribunal emphasized that such inspections benefit both parties by ensuring promised standards and rectifying any issues, promoting transparency in real estate.
Ashok Vaswani to step down as Kotak Mahindra Banks chief after current term in December 2026
The Board of the bank has at its meeting held today, respected his decision and has initiated the process for the appointment of a new Managing Director & CEO
5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks
Senior citizens seeking secure investments are finding attractive options in fixed deposits, especially for 5-year tenures. Small finance banks are leading the pack, with Suryoday SFB and Jana Small Finance Bank offering a compelling 8.05% interest rate for senior citizens. This competitive landscape ensures older investors can secure stable, higher returns for their retirement savings.
The SC said that the homebuyer can make a claim for compensation for delayed possession. The subsequent receipt of possession cannot, by itself, extinguish the right of the allottee to seek adjudication of a claim for compensation for the alleged delay, the top court stated. The top court has also revived the 2005 complaint made by the homebuyer.
Only 14% of India's MSMEs have access to formal credit despite digital finance boom: Deloitte report
Deloitte report estimates Indias MSME credit gap at around 25 lakh crore as of March 2025
8th pay commission calculator: Central government employees 8th Pay Commission arrears will depend on the implementation timeline and final fitment factor. Experts estimate substantial payouts for Level 15 employees if implementation is delayed by 20 months, with arrears ranging from about 3.6 lakh to 10.8 lakh under fitment factors between 2.0 and 2.86.
Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines, while Aadhaar card holders can update their email for free. SBI and HDFC credit card users will see changes in reward points and lounge access eligibility. Passport fees are set to rise, and banks will face stricter rules against mis-selling financial products, ensuring customer refunds and compensation.
Risk-adjusted return measures the excess return over the risk-free rate per unit of risk and is measured in terms of standard deviation.
The session will highlight the expanding financial activities in Indias sole IFSC, covering banking, capital markets, insurance, fund management, and emerging sectors
Gold prices saw a significant uptick today, June 27, 2026, with major retailers like Tanishq and Malabar Gold & Diamonds reporting higher rates for 22-carat gold. The IBJA has not updated its rates due to market closures.
