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Fino Payments Bank reaffirms compliance amid GST investigation
We have full faith in the countrys judiciary and will continue to extend full cooperation and assistance to the authorities in the ongoing process, Ketan Merchant, CFO
GST authorities have arrested its MD and CEO Rishi Gupta for violating the law related to the GST, Fino Payments Bank had said on Friday.
FD rate up to 8% for senior citizens investing for three years; Know list of banks
Senior citizens can now earn up to 8% interest on fixed deposits for a three-year term with select small finance banks. While deposits are insured up to Rs 5 lakh, experts advise caution and limiting exposure. Banks will deduct TDS if FD interest exceeds Rs 1 lakh annually, but eligible individuals can avoid this by submitting Form 15H.
Norges Bank excludes Adani Green Energy from sovereign wealth fund portfolio
The information was published on February 26, 2026, and the website provides no further details beyond the stated criterion
ICICI Banks Board clears purchase of up to 2% additional shareholding in ICICI Pru Life
Purchase to primarily be towards maintaining the banks majority shareholding in the event of exercise of stock-based compensation of ICICI Pru Life, says ICICI Bank
Indian Railways' UTS ticket booking app will be discontinued on March 1, 2026, with services migrating to the new RailOne app. Existing R-Wallet balances will be transferred to RailOne, requiring users to register with the same mobile number. Passengers can also surrender their R-Wallets at UTS counters for a refund, minus a clerkage charge.
NFO Alert: HDFC Mutual Fund launches HDFC Income Plus Arbitrage Omni FOF
HDFC Mutual Fund launched HDFC Income Plus Arbitrage Omni FOF, an open-ended scheme investing in arbitrage and debt-oriented funds. The NFO, open until March 11, dynamically manages allocation based on market outlook. This tax-efficient fund aims to provide income potential with risk management.
8 smallcap funds with low performance consistency in 5 years. Check details
Eight small-cap mutual funds delivered low consistency over the past five years, with performance scores ranging from 19% to 46%. Despite moderate risk, returns varied, with five-year CAGRs between 18% and 23%, highlighting uneven investor outcomes.
The Allahabad High Court ordered a husband to pay 25% of his monthly income, assessed at Rs 24,000, as maintenance to his wife and child, totaling Rs 6,000. Citing Supreme Court precedent, the court enhanced the previous Rs 5,000 award. Recognizing the husband's hardship, arrears will be paid in 10 equal monthly installments starting February 5, 2026.
Builder homebuyer dispute: Should homebuyers choose arbitration or RERA for quicker resolution?
Homebuyers facing builder disputes have a choice between RERA and arbitration. RERA offers a specialized forum for quicker resolutions at lower costs. Arbitration, while confidential, can be expensive and time-consuming for individual buyers. RERA's enforcement powers and appeal conditions make it a more practical option for most homebuyers seeking effective relief against builders.
A 22-year-old investor sought advice on optimising her mutual fund portfolio for long-term wealth creation. Expert Harshvardhan Roongta of Roongta Securities recommended maintaining a balanced mix, limiting fund overlap, keeping 1015% in gold, and targeting 12% returns to potentially build Rs 4546 lakh in 10 years.
Average lending rates on new loans firm up
January saw Mumbai's new rupee-loan rates climb, propelled mainly by state-owned lenders. By contrast, rates on existing loans dipped slightly and deposit rates declined a touch. The move unfolds in the RBI's policy backdrop, after its prior repo-rate reduction.
Can AI beat a great investor? Here's what billionaire Howard Marks says
Howard Marks believes AI possesses many investor qualities like data processing and unemotional decision-making, but lacks crucial human elements like skin in the game and intuitive risk assessment. While acknowledging AI's rapid advancement and potential, he advises a cautious, selective approach to investing in the technology, warning against going all-in.
Bad Memories of Another Day for Lenders as Bihar Moves to Regulate Microloans
Bihar's new microfinance law could stall the sector's rebound. The state assembly passed a bill regulating money lending, a move that may push up loan defaults, echoing issues seen in other states. Lenders are prioritizing borrower engagement to curb repayment delays, and the industry aims to reassure borrowers while safeguarding asset quality.
Lessons from equity market crash: Why FD investors are having the last laugh after market falls
Equity investors have faced losses since September 2024, with major indices declining. In contrast, fixed deposit investors are benefiting from steady growth, with some banks offering attractive interest rates. This period highlights the importance of capital protection and diversification in investment strategies.
Senior citizens can evict sons for failing to provide maintenance. However, disinheritance from ancestral property is not automatic. Parents must create a Will to exclude children from self-acquired property. The Jharkhand High Court clarified these rights. However to cut the son from the inheritance of property rights, Will is needed.
Saturday bank holiday: Are banks open or closed today on February 28, 2026? Check RBI calendar
Indian banks will be closed on February 28, 2026. This closure is due to it being the fourth Saturday of the month. Banks observe holidays on the second and fourth Saturdays. Customers can still access digital banking services for various transactions. Internet banking, SMS banking, and WhatsApp banking remain available for account management and payments.
Fino Payments Bank MD Rishi Gupta arrested under GST Act; CFO Ketan Merchant takes charge
The bank said the investigation pertains to certain business partners and not to its own GST practices
Deposit growth (y-o-y) pertaining to public sector banks improved to 9.9% in December 2025
Public sector banks credit growth outpaced overall banking industry growth in Dec 2025
RBI said bank branches located in rural, semi-urban and urban centres recorded higher credit growth than metropolitan branches
Galaxy Health Insurance set to close first full fiscal year with around 150 crore premium
The company has an agent network of about 15,000 in just a year of operation and aims to grow this
ICICI Prudential Life Insurance, SK Finance tie up to offer credit life solutions
Credit life products equip customers to better manage risk and ensure the familys financial plans are not upset
The Federation of National Postal Organisations (FNPO) has urged the 8th Pay Commission to merge 50% dearness allowance (DA) with basic pay and grant interim relief to central employees and pensioners from January 1, 2026.
IIFL Home Fin signs $300 million loan agreement with ADB for affordable housing push
The housing finance company has set a target that over 25% of the loan proceeds will be extended towardsgreen-certified affordable homes
Jio Finance launches new AI-backed mobile app Finsider
The new app leverages Agentic AI and Neural Networks to oer users a hyper-personal, instantaneous experience
Explained: Why Redington shares soared 17% after Apples teaser big week ahead
Redington shares surged up to 17% after a teaser from Apple CEO Tim Cook hinted at major product launches next week. With Apple contributing nearly one-third of Redingtons revenue, investor enthusiasm spiked ahead of expected updates to iPhone, iPad and Mac lineups, reinforcing optimism around the distributors growth prospects.
Binances regulatory leap: What the ADGM license means for global crypto
Binance now operates under Abu Dhabi Global Market supervision. This marks a significant move from unregulated trading to institutional compliance. The crypto exchange has restructured its operations to meet stringent global standards. This development is expected to attract more institutional capital. The move signals a new era for digital assets, prioritizing safety and verification.
Flying to India with gold or jewellery, camera or wristwatch? New baggage rules you must know
New rules simplify international travel to India. Duty-free jewellery limits are now weight-based: 40 grams for women and 20 grams for others. Updated gold and silver import regulations allow up to 1kg of gold and 10kg of silver for eligible passengers after a six-month stay abroad.
NFO Alert: TRUST Mutual Fund announces launch of TRUSTMF Mid Cap Fund
TRUST Mutual Fund has launched the TRUSTMF Mid Cap Fund, an open-ended equity scheme targeting mid-cap companies. The NFO is open until March 13. The fund focuses on growth at reasonable valuations and aims to deliver long-term capital appreciation through disciplined stock selection and research-driven investment strategies.
Sebi overhauls MF schemes categorisation and rationalisation rules. Key 10 things to know
Sebi has overhauled mutual fund categorisation and rationalisation norms, discontinuing solution-oriented funds and introducing life cycle funds. The regulator has tightened portfolio overlap rules, enhanced disclosure requirements, and set new investment and structural conditions across equity, debt and FoF categories to improve transparency and product differentiation.
An NRI working in Dubai since 1993 successfully challenged a tax notice for unexplained property investment in India. The ITAT Ahmedabad ruled that funds remitted through proper banking channels from his Dubai earnings, even for property purchase, cannot be deemed unexplained. This decision offers significant relief to NRIs facing similar tax scrutiny.
SEBI has replaced solution-oriented funds with new life cycle funds, featuring a dynamic glide-path strategy across asset classes. Existing investors will see their funds merged into comparable schemes, with potential impacts on returns and taxation. Life cycle funds suit long-term, goal-based investors seeking automatic asset allocation.
March 2026 bank holidays: March will see numerous bank holidays across India due to major festivals like Holi, Eid-Ul-Fitr, and Shree Ram Navami. Bank closures will vary by state, with specific holidays observed for events such as Holika Dahan, Chapchar Kut, and Gudhi Padwa.
8 flexi cap funds with high performance consistency in 5 years. Check investment style and returns
Divis Labs Share Price Live Updates: Divis Labs' previous day performance
SBI Card is implementing significant changes to its reward points redemption policy, effective April 1, 2026. A monthly cap of 60,000 reward points for statement credit will be introduced for most cards, with redemptions now requiring multiples of 4,000 points. Additionally, forfeiture timelines for promotional offer reward points are being updated from January 2026.
Choosing between family floater and individual health insurance plans involves weighing shared coverage against dedicated protection. While floaters offer cost savings for young, healthy families, individual plans provide more robust coverage for members with pre-existing conditions or seniors, ensuring adequate protection for all.
Asian Paints Share Price Live Updates: Asian Paints Trading Summary
Buying property abroad? 5 FEMA rules Indian investors must follow to avoid penalties
Seller's property can still be attached if the buyer knew of sellers arbitral dues: SC rules
The Supreme Court ruled that property buyers aware of an arbitral award for the seller's unpaid dues cannot block its attachment. Even with a sale deed, if a buyer knows about pending recovery proceedings, the property remains liable. This decision upholds the principle that judgment debtors cannot evade debts by transferring assets after an award is passed.
Credit card interest shock: What is APR, why it jumps and how to tackle it
Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax payments over Rs 1 lakh. These changes aim to enhance scrutiny and ensure bona fide claims, potentially increasing compliance costs.
Silver, gold ETFs gain upto 4% on USIran talks, tariff worries. What should investors do?
Gold and silver ETFs saw gains on Friday. Tata Silver ETF jumped nearly 4%. Other silver ETFs rose 3%. Gold ETFs saw smaller increases. Investors are watching geopolitical tensions and economic risks. Experts suggest buying on dips for long-term gains. MCX gold futures and silver futures also showed increases.
Best short duration mutual funds to invest in February 2026
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more. They are somewhat in the middle when it comes to interest rate risk. They are riskier than liquid, ultra short term, and low duration funds. However, they have a lower risk compared to medium duration and long-term funds.
HDFC Life Share Price Live Updates: Trading volume for HDFC Life
UltraTech Cem Share Price Live Updates: UltraTech Cement trading insights
ITC Share Price Live Updates: ITC Previous Day Close
Silver ETFs tumble 15% in one month, gold ETFs gain 3%. What should investors do?
Silver ETFs have seen a sharp decline while gold ETFs have delivered positive returns. Experts attribute silver's fall to volatility and profit booking, and gold's rise to its safe-haven status amid global uncertainty. Investors are advised to review their asset allocation for both precious metals. Long-term outlook for both remains positive due to geopolitical tensions and industrial demand for silver.
Tech Mahindra Share Price Live Updates: Tech Mahindra Stock Price Movement
RIL Share Price Live Updates: RIL Volume Overview
Infosys Share Price Live Updates: Infosys ends trading at Rs 1290.1
Bajaj Finance Share Price Live Updates: Bajaj Finance Volume Snapshot
TCS Share Price Live Updates: TCS stock price remains steady
Aim is to rejuvenate growth for foreseeable future, IndusInd Bank CEO says
Our ambition is to grow assets and liabilities in line with the market in FY27, and to start gaining market share in FY28
How to prevent cyber, digital fraud? Heres what RBI says
RBI conducts workshop on prevention of cyber, digital frauds for leaders from over 60 major banks
Hindalco Share Price Live Updates: Hindalco's Volume Statistics
Prayaan Capital raises 110 crore in Series A round led by Peak XV Partners
The company said it will use the funds to build its lending platform, expand its team and grow its presence in MSME markets across India
Coal India Share Price Live Updates: Coal India Volume Performance
Can you be fired for disagreeing with your boss? What the New Labour Code says about your rights
New labour laws offer clarity on employee rights. Disagreeing with a manager does not automatically mean termination or reduced increments. Employers must follow established service rules and due process. Complaints against managers are handled through grievance procedures. These regulations aim to protect employees from unfair practices and ensure a balanced workplace.
Use local prices to value gold, silver held by ETFs: Sebi
Mutual funds in India will now use domestic stock exchange spot prices for valuing physical gold and silver held by exchange-traded funds, a change effective April 1, 2026. This move by Sebi aims to align valuations with local market conditions and ensure consistent practices, replacing the current reliance on London Bullion Market Association prices.
Sebi tightens rules on MF classification, overlaps
The Securities and Exchange Board of India (Sebi) has revamped mutual fund scheme classifications, mandating uniform naming conventions and eliminating the solution-oriented category. New rules also cap portfolio overlaps for thematic equity funds, potentially leading to consolidation and impacting arbitrage fund returns. These changes aim for investor clarity and scheme uniformity.
Jio Financial infuses 2,000 crore capital in NBFC arm
JCLs total disbursements stood at 8,615 crore in Q3FY26, up 2 times year-on-year
Ageas Federal Life plans to grow agency strength 3-fold to reduce dependency on banca channel
At present around 75 per cent of its business in terms of APE is coming from the bancassurance channel, down from over 90 per cent around 15 months ago
RBI gives approval to SBI MF to acquire up to 9.99% in Bandhan Bank
The RBI has also conveyed that if the applicant fails to acquire major shareholding within a period of one year from the date of its letter, this approval shall stand cancelled
Bitcoin may rebound toward $70,000 as ETF inflows hit highest since January
Macro remains the dominant driver
Sebi allows equity mutual fund schemes to increase allocation in gold and silver to 35%
Sebi has revamped mutual fund norms, allowing equity and hybrid schemes to increase exposure to gold and silver while tightening classification rules. The overhaul limits portfolio overlaps, introduces life-cycle funds, discontinues solution-oriented schemes and aims to boost transparency in Indias expanding fund industry.
Air ticket refund rules: Aviation watchdog DGCA has revised ticket refund norms, effective March 26, 2026. Passengers can now cancel or change tickets within 48 hours of booking without extra charges, subject to conditions.
HDFC Bank has significantly increased the annual spending requirement for its premium Infinia credit card fee waiver, raising it from Rs 10 lakh to Rs 18 lakh. Alternatively, customers can maintain a Relationship Value of Rs 50 lakh to retain their card's exclusive benefits. These revised norms aim to make it more challenging for customers to keep their premium privileges.
Radhika Gupta has endorsed Sebis newly introduced life cycle funds, calling them simple, effective and ideal for long-term financial planning. She said the products automatically adjust asset allocation based on investors time horizons, promoting discipline and reducing decision fatigue within a tax-efficient, goal-based investing framework.
Sebi directs mutual funds to use domestic spot prices for gold, silver ETF valuation from April 1
Sebi has revised valuation norms for physical gold and silver held by mutual funds, mandating use of domestic polled spot prices from recognised exchanges instead of London benchmarks. The move aims to enhance transparency, reflect local market conditions and standardise industry practices.
Banks G-Sec portfolio grows at a slower clip amid pick up in credit growth
Banks investment in G-Secs and SGS grew at a higher clip of 11 per cent y-o-y as on January 24, 2025
Sebi introduces life cycle funds. Here is what investors need to know
Sebi has launched a new category of mutual funds called Life Cycle Funds. These funds are designed for goal-based investing with a fixed maturity and a glide path. Investors can choose from various maturity options, and asset allocation automatically adjusts over time. This move aims to simplify long-term financial planning for investors.
Bharat Taxi: Union Home Minister Amit Shah launched the Bharat Taxi cooperative model, allowing drivers to become co-owners for just Rs 500 and share in profits. This initiative empowers drivers with ownership and decision-making power, aiming for nationwide expansion within three years.
DSP Mutual Fund temporarily restricts subscription in its multi asset allocation fund
DSP Mutual Fund is placing temporary restrictions on new investments in its Multi Asset Allocation Fund starting February 27. This move is due to significant inflows making it difficult to manage the fund's asset allocation. Investors can still make transactions up to Rs 10 lakh per day. Existing SIPs and switch-ins will continue.
NFO Alert: Canara Robeco Mutual Fund launches banking and financial services fund
Canara Robeco Mutual Fund has launched its new open-ended equity scheme, the Canara Robeco Banking and Financial Services Fund. The fund, which opens for subscription on February 27, aims to capitalize on India's financialization and credit growth by investing in the banking and financial services sector.
Employee associations met to discuss key demands for the 8th Pay Commission, including increasing family units for salary revision, ensuring five minimum promotions per employee, and restoring the Old Pension Scheme. Discussions also covered higher annual increments and a proposed maximum pay ratio of 10 times the minimum.
IOB officers defer March 2 strike after conciliation meet
Bipartite talks to be taken up by March 10
New government rules now allow TransUnion CIBIL to use Aadhaar authentication for user verification. This enables easier registration and login on the CIBIL platform. Users must give consent for Aadhaar authentication.
Debt trap checklist: 7 warning signs Gen Z should not ignore
Apple in talks with HDFC, ICICI, Axis to launch Apple Pay in India by 2026
The service is expected to support the Unified Payments Interface, operated by the National Payments Corporation of India, alongside card-based payments
Earn below Rs 3 lakh? You could get a microfinance loan up to Rs 1.25 lakh heres how
3, 6 or 12 months? How much emergency fund you really need based on your salary, family and job risk
Smart Lift and Mobility Awards 2026 - Celebrating Excellence
YES Bank forex card users alert! Unauthorised transactions detected, cards blocked & reissued
YES Bank faced a cyberattack on its forex cards. Scammers attempted unauthorized transactions from a Latin American country. The bank's fraud monitoring system blocked many attempts. The Reserve Bank of India has summoned YES Bank officials. Affected clients will not suffer financial losses. The bank is taking steps to prevent future incidents.
A wife has won a significant victory in the Kerala High Court. The court ordered her husband to return 40 sovereigns of gold and pay Rs 4,000 monthly maintenance. The husband's Rs 5 lakh counterclaim was dismissed. The court noted it is common for brides to entrust gold to in-laws for safekeeping.
ET Wealth Reader's Query: I am 44, earning income from salary, interest on deposits, and occasional capital gains from mutual funds. How should a middle-aged taxpayer evaluate which income tax regime works better each year?
Sebi has revamped mutual fund rules, introducing new categories like contra funds and sectoral debt funds. Existing schemes must align within six months. The regulator aims for greater clarity and reduced portfolio overlap, especially in equity and thematic funds. Goal-based life cycle funds are also introduced, with specific exit loads.
Managers in India sometimes promise higher salary increments verbally. Such promises can hold legal weight if they are clear, binding commitments made by authorized individuals. However, proving these verbal assurances in court requires strong evidence beyond mere dissatisfaction. Employers generally have discretion in setting increments, but cannot discriminate based on gender.
New draft tax rules for 2026 will require salaried individuals claiming House Rent Allowance to disclose their relationship with their landlord. This applies especially when paying rent to relatives. Taxpayers must ensure genuine rental agreements and proper documentation. Payments should be made through banking channels. Landlords must declare rental income. These measures aim to enhance transparency in rental arrangements.
