facebook
SENSEX
NIFTY
GOLD
USD/INR

Weather

image 33    C

Personal Finance

...

Investing in passive mutual funds? Beware of these 7 misconceptions before investing

Passive investing has grown rapidly, but common myths continue to mislead investors. Lower costs do not guarantee better tracking, passive funds are not risk-free, and diversification depends more on index selection than simply owning multiple funds or choosing ETFs.

The Economic Times 15 Jun 2026 3:27 pm

Mutual funds reduce cash allocation by over Rs 10,000 crore to Rs 1.87 lakh crore in May

Mutual funds reduced cash holdings by over Rs 10,000 crore in May to Rs 1.87 lakh crore, representing 4.24% of total assets. Equity AUM saw a monthly increase of Rs 46,274 crore, reaching Rs 44.25 lakh crore. PPFAS Mutual Fund led with the highest cash allocation at 17.67%.

The Economic Times 15 Jun 2026 2:20 pm

Gold rate today (June 15, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai, Hyderabad & other cities

Check 24k, 22k and 18k gold jewellery rates: Gold prices saw an upward trend across India's leading jewellery brands today, Monday, June 15, 2026. Consumers planning to purchase gold jewellery will find updated rates for 24k, 22k, 20k, 18k, and 14k purity.

The Economic Times 15 Jun 2026 2:12 pm

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

Rupee strengthened about 0.7% to 94.4625 per dollar on Monday, its highest level in seven week

The Hindu Businessline 15 Jun 2026 1:44 pm

Highest 555-day FD interest rates: Banks are offering up to 7.25% interest rate on special fixed deposit

FD interest rates: Special fixed deposits with a 555-day tenure are drawing investor attention. Banks like City Union Bank and Karnataka Bank are offering competitive interest rates. Bank of Baroda has also introduced a new 555-day deposit scheme with attractive rates for all customer categories. Investors can explore these options for potentially better returns.

The Economic Times 15 Jun 2026 1:03 pm

Goldman Sachs sees India BoP surplus after 2 yrs of deficit, cuts CAD forecast to 1.3% of GDP

The report stated that India recorded a BoP surplus of $7.2 billion in Q1 2026, despite worries about weaker capital inflows and rising energy prices

The Hindu Businessline 15 Jun 2026 12:04 pm

Quant Small Cap Fund: Adani Enterprises, Apollo Tyres and NBCC among stocks bought and sold in May

Mutual funds add or exit stocks to actively manage their portfolios and generate good returns. Here is what Quant Small Cap Fund bought and sold in May, according to the monthly portfolio disclosed by Quant Mutual Fund.

The Economic Times 15 Jun 2026 11:09 am

Silver and gold ETFs rally up to 8% as US-Iran peace deal boosts sentiment. Should you invest now?

Gold and silver ETFs rose up to 8% as precious metal prices surged following optimism around a US-Iran peace deal. Analysts advise continuing SIPs and limiting gold exposure to 1015% of portfolios, while using market dips to accumulate. Rising geopolitical stability and inflation concerns continue to support precious metals.

The Economic Times 15 Jun 2026 10:57 am

Razorpay files confidential IPO paper, eyes $500-600 million public issue

In April 2025, Razorpay converted itself into a public limited company before completing its long-awaited reverse flip to India later that year

The Hindu Businessline 15 Jun 2026 10:54 am

EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and wins

A retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF money back. The court ruled the Employees' Provident Fund Organisation cannot recover funds from the employee. The Employees' Provident Fund Organisation may pursue legal action against the company and its PF trust.

The Economic Times 15 Jun 2026 10:30 am

Flexi cap fund inflows halve to Rs 5,175 crore in May after record April. Is this profit booking or a buying opportunity?

Flexi cap fund inflows dropped 49% in May to Rs 5,175 crore after Aprils record surge, reflecting broader moderation across equity categories. Experts attribute this to profit booking and global uncertainties, not a structural shift. Investors are advised to continue SIPs, as long-term fundamentals and category preference remain intact.

The Economic Times 15 Jun 2026 10:20 am

US-Iran peace deal: Rupee perks up 54 paise in trade so far

The Indian currency is trading at 94.5725 per USD, up 54 paise from the previous close of 95.11

The Hindu Businessline 15 Jun 2026 10:05 am

Bitcoin rallies to two-week high after US-Iran Hormuz deal

Risk appetite returned to markets after President Donald Trump said on social media that a peace deal with Iran is now complete and that the US would end its blockade of the strait, a critical trade waterway

The Hindu Businessline 15 Jun 2026 9:55 am

Best aggressive hybrid mutual funds to invest in June 2026

Hybrid mutual funds, particularly aggressive hybrid schemes, offer resilience in volatile markets due to their balanced equity and debt portfolios. These funds are recommended for conservative equity investors seeking wealth creation with reduced volatility. Regular profit booking and tax advantages further enhance their appeal for long-term financial goals.

The Economic Times 15 Jun 2026 9:20 am

Bank holiday today: Are banks open or closed today (Monday, June 15, 2026)?

Bank holiday: Banks in some states will be closed today, June 15, 2026, due to regional holidays. Mizoram observes YMA Day, commemorating the founding of the Young Mizo Association, while Odisha celebrates Raja Sankranti, a festival honoring womanhood and the monsoon's arrival.

The Economic Times 15 Jun 2026 7:00 am

LASIK to liposuction: What insurance excludes

Rising demand for weight-loss drugs, cosmetic procedures and wellness treatments is creating a growing out-of-pocket healthcare expense category in India. Most such interventionsincluding Botox, anti-obesity drugs, LASIK and thread liftsare excluded from standard health insurance unless deemed medically necessary. Experts advise understanding policy exclusions and avoiding EMIs for elective treatments.

The Economic Times 15 Jun 2026 6:30 am

Can managed care fix health insurance? Shetty says yes

It has been close to two years since Narayana Healths wholly owned subsidiary, Narayana Health Insurancewhich has adopted a managed healthcare model launched its maiden health insurance product. At a time when hospitals and health insurers have been at loggerheads over cashless claim settlements, Viren Prasad Shetty, Executive Vice Chairman, Narayana Health, speaks to Preeti Kulkarni about the managed care model (where both the insurer and the healthcare provider belong to the same group), the growing friction between hospitals and insurers, and the need to reimagine health insurance product design.

The Economic Times 15 Jun 2026 6:30 am

Think property makes you rich? These 5 facts differ

As per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into real estate. No asset class would be considered a sound investment if an adviser suggested putting 80% of everything you own into one stock. Yet, this is precisely what real estate demands.

The Economic Times 15 Jun 2026 6:30 am

Global investing? Avoid these 7 costly errors

Wealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment routes or not reporting properly can attract government attention. Experts advise caution and adherence to regulations for safe global diversification. Staying informed is key for compliant overseas investments.

The Economic Times 15 Jun 2026 6:30 am

Passive funds, active myths: 7 errors to avoid

Passive investing has become mainstream in India, but several myths persist. Investors should not judge passive funds solely by low costs, assume they are risk-free, or treat them as buy and forget products. Choosing the right index, understanding diversification limits, and evaluating ETFs beyond expense ratios are essential for better outcomes.

The Economic Times 15 Jun 2026 6:30 am

Simplify finances after retirement: 8-point checklist

You may not need a long list of investments. Close bank and investment accounts that you no longer need. Reduce your stock and mutual fund holdings, and consolidate these. There may be little merit in holding a complex portfolio and trying to monitor and manage it. One equity index fund, one bank account, and fixed deposits linked to that account are adequate for most purposes.

The Economic Times 15 Jun 2026 6:30 am

Ideal equity, gold, debt allocation for best returns

For best portfolio results, experts recommend diversification without being swayed by any one asset class. While asset allocation is the way to go, investors have their own strategies and the question remains: Which is the best combination? In this weeks TrendMap, we compare seven asset combinations. The portfolios with gold have delivered a notable return boost in recent years, while those with zero gold exposure have persistently lagged. By Sameer Bhardwaj.

The Economic Times 15 Jun 2026 6:30 am

The math of investing more vs chasing higher returns

Chasing higher returns is a good aim to have. But its not as easy as it looks. Having a year or two of above-average returns is easy actually. But doing this consistently, year after year, via a repeatable process, is really difficult. Markets are uncertain and high returns are not available on demand.

The Economic Times 15 Jun 2026 6:30 am

NRI edge: FCNR deposits shine with up to 7.1% return

India saw inflows topping $155 billion in 2025-26 via remittances. Add another estimated $50 billion from this scheme which will run until September, and the country is potentially looking at inflows of at least $150 billion this year. While Gulf Cooperation Council countries have historically dominated Indias inward remittances, advanced economies now contribute more.

The Economic Times 15 Jun 2026 6:30 am

Sole proprietorship, LLP or private limited company?

Choosing the right business structure is crucial for a startups growth, taxation, compliance, control, and liability. DPIIT highlights five options: sole proprietorship, one-person company (OPC), general partnership, limited liability partnership (LLP), and private limited company. Each differs in ownership, legal liability, funding opportunities, compliance requirements, and suitability for business scale.

The Economic Times 15 Jun 2026 6:30 am

As healthcare costs continue to rise, long-term health cover policies gain traction

There are several reasons behind this phenomenon. First, high inflation in healthcare expenses and hospital stays are pushing customers towards securing their health insurance policy for a prolonged period

The Hindu Businessline 14 Jun 2026 7:54 pm

LIC targets stronger market leadership as it approaches its platinum jubilee

LIC CEO R Doraiswamy stated the corporation will maintain its leadership in the life insurance sector and contribute to national development as it approaches its platinum jubilee. With a nearly 60% market share and substantial assets, LIC's growth is intertwined with India's economic progress, aiming to support the nation's 'Viksit Bharat' vision.

The Economic Times 14 Jun 2026 10:53 am

HDFC Balanced Advantage among 11 equity mutual funds that saw outflows of over Rs 300 crore in May

Eleven equity mutual funds, including HDFC Balanced Advantage Fund, saw outflows exceeding Rs 300 crore in May, according to ACE MF data. A total of 267 equity-oriented schemes reported outflows, reflecting selective investor withdrawals despite a broad universe of 742 funds, with large-cap and hybrid categories prominently affected.

The Economic Times 14 Jun 2026 10:26 am

Silver beats gold, stocks and bonds in 10-year returns. Here's the data

Silver has emerged as the top-performing asset over the past decade, outperforming gold, equities and bonds with a 21.3% return. Gold followed closely, while mid and small caps showed solid gains. Debt instruments delivered modest returns, whereas real estate lagged, reflecting a shift in investor preference towards financial assets.

The Economic Times 14 Jun 2026 9:40 am

Senior citizens FD interest rates up to 8.3%: SBI, HDFC Bank, PNB, ICICI Bank, Axis Bank and more

Highest FD interest rate: Senior citizens seeking lucrative returns on their savings can now explore attractive fixed deposit options. Small finance banks like Unity SFB and Shivalik SFB are leading the pack, offering an impressive 8.3% interest rate on FDs for this demographic. This presents a significant opportunity for retirees to boost their earnings.

The Economic Times 13 Jun 2026 3:54 pm

RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY report

The Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028, according to an EY report, which identified cross-border payments as a key strategic priority for the next phase of India's digital payments growth.

The Economic Times 13 Jun 2026 2:22 pm

HDFC Flexi Cap Fund among 8 equity mutual funds that saw inflows of over Rs 1,000 crore in May

Equity mutual funds continued attracting strong investor interest in May, with eight schemes receiving over Rs 1,000 crore each. HDFC Mid Cap Fund led inflows, while smallcap and midcap funds remained popular.

The Economic Times 13 Jun 2026 12:57 pm

Parag Parikh Flexi Cap Fund : ITC, HDFC Bank and Cipla among stocks bought and sold in May

Parag Parikh Flexi Cap Fund, India's largest active mutual fund, increased exposure to several banking and IT stocks in May, trimmed its holding in Cipla, and maintained a 14.77% cash allocation.

The Economic Times 13 Jun 2026 12:45 pm

Gold rate today (June 13, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai and other cities

Gold prices saw an increase on Saturday, June 13, 2026, impacting leading Indian jewellery brands. Tanishq, Malabar Gold & Diamonds, and Joyalukkas reported higher rates for 22k gold jewellery across major cities. IBJA rates for June 12, 2026, also indicated a rise in gold and silver prices.

The Economic Times 13 Jun 2026 12:44 pm

HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May

HDFC Defence Fund added Tata Motors to its portfolio in May while trimming holdings in MTAR Technologies and Rishabh Instruments. The fund increased exposure to key defence-linked stocks, including Bharat Electronics, Bharat Forge, Bharat Dynamics and Mazagon Dock, reflecting sector-focused conviction

The Economic Times 13 Jun 2026 11:49 am

7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and more

The Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fund Organisation, it provides monthly pensions, family pensions, and disablement pensions.

The Economic Times 13 Jun 2026 11:26 am

CPI in June quarter likely to undershoot RBI forecast, rate hike probability drops ahead of monsoon risks

Yes Securities expects headline CPI for Q1FY27 to undershoot RBI's 4.2% forecast as the May print at 3.93% y-o-y and benign base effects keep the average low

The Hindu Businessline 13 Jun 2026 11:13 am

5 small savings schemes offering up to 8.2% interest rate in 2026: SCSS, PPF, NSC and more

Small savings schemes, popular for conservative investors, will retain their interest rates for the April-June 2026 quarter, offering returns up to 8.2% per annum. Schemes like SCSS and SSA provide attractive rates, while NSC, MIS, and PPF offer stable returns with tax benefits for long-term wealth creation.

The Economic Times 13 Jun 2026 9:50 am

Celebrities are buying land in temple cities; but should you follow suit and buy property?

Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spiritual hubs are experiencing rapid infrastructure development and rising tourism, driving property appreciation. Individual buyers should research economic fundamentals and infrastructure pipelines rather than solely following celebrity trends.

The Economic Times 13 Jun 2026 7:01 am

NCLT declares Congress MLC Naseer Ahmed insolvent over Rs 1,454 crore loan default

The ruling also triggers legal provisions that could disqualify him from holding elected office

The Hindu Businessline 13 Jun 2026 6:23 am

IRDAI cautions public on Stareureka Insurance Marketing firm

The IMFwas granted a Certificate of Registration (CoR) by the Insurance regulator to operate as an Insurance Marketing Firm (IMF) for the period from May 18, 2020 to May 17, 2023

The Hindu Businessline 12 Jun 2026 9:33 pm

Equirus Raghnall Insurance Broking expects 35% growth in FY27

The insurance broker and risk advisor has largely been focussing on strengthening relationships with mid-market and SME clients rather than pursuing growth purely through scale

The Hindu Businessline 12 Jun 2026 9:12 pm

Bank of Baroda 555-day FD scheme offers 6.75% interest for general customers

BoBs Golden Goal Deposit Scheme offers higher returns for seniors with easy online and branch deposit options

The Hindu Businessline 12 Jun 2026 9:08 pm

RBI places Mogaveera Co-op Bank under Directions for 6 months

Bank permitted to allow depositors to withdraw up to 1 lakh; eligible depositors would be entitled to receive deposit insurance claim amount of their deposits up to a monetary ceiling of 5 lakh

The Hindu Businessline 12 Jun 2026 8:42 pm

The Latest Home Loan Interest Rates: Jun 12, 2026

The Latest Home Loan Interest Rates: Jun 12, 2026

The Hindu Businessline 12 Jun 2026 7:00 pm

The Latest Fixed Deposit Interest Rates: Jun 12, 2026

The Latest Fixed Deposit Interest Rates: Jun 12, 2026

The Hindu Businessline 12 Jun 2026 7:00 pm

CA tells why Rs 1 crore retirement corpus can be insufficient for you and how much you need

A Rs 1 crore retirement corpus is a 'trap', not a milestone, warns Chartered Accountant Nitin Kaushik. With 6% inflation, its purchasing power halves every 12 years, potentially leaving retirees below the poverty line. Kaushik advises targeting 35 times annual expenses for a realistic retirement fund, suggesting Rs 3.5 crore for Rs 10 lakh annual costs.

The Economic Times 12 Jun 2026 6:13 pm

UPI and AI: 'Buy Rs 500 worth gold if price drops below Rs 16,000/g'; your wish is AI agent's command, and it can make UPI payments at your target price

The P3P AI agent can complete a UPI payment without any human authentication. However, the human still stays in control. Currently, AI agents need a human authentication step, an MPIN, to make any payments. Pine Labs has removed this wall. It builds on UPIs existing mandate framework - UPI One Time Mandates (OTM) and Reserve Pay.

The Economic Times 12 Jun 2026 3:47 pm

SBI, Bank of Baroda eye first dollar bonds since RBI subsidy, sources say

The RBI said this week that external commercial borrowings with an average maturity of at least three years by state-run companies would qualify for a swap facility at a fixed rate of 1.5% per annum, compounded semi-annually

The Hindu Businessline 12 Jun 2026 3:32 pm

ESAF Small Finance Bank crosses 50,000 crore in total business

The bank reported total deposits of Rs 26,197 crore and gross advances of Rs 23,832 crore as of June 11, 2026.

The Hindu Businessline 12 Jun 2026 3:32 pm

Motorcycle planted in road accident case for insurance claim from ICICI Lombard

According tothe insurer, a Special Investigation Team (SIT), which looked into a 2015 road accident case to claim insurance benefits illegally from ICICI Lombard, has revealed an implantation of the motorcycle

The Hindu Businessline 12 Jun 2026 3:28 pm

City Union Bank increases FCNR(B) deposit rates to 7.10%

The revised rate came into effect on June 10, 2026, and applies to NRI customers

The Hindu Businessline 12 Jun 2026 3:26 pm

Gold rate today (June 12, 2026): Check 24k, 22k and 18k gold jewellery rates from IBJA, Malabar Gold and Diamonds, Joyalukkas & Tanishq in Delhi, Mumbai and other cities

Today's gold price (24k, 22k, 18k): Gold and silver prices surged on Friday, June 12, 2026. This rise follows a rebound from previous day's lows. Experts attribute the increase to easing inflation worries and expectations of geopolitical stability. Leading Indian jewellery brands and IBJA reported higher rates. This marks a significant jump compared to the prior session, reflecting market optimism.

The Economic Times 12 Jun 2026 2:30 pm

Quant Small Cap Fund raises stake in Adani Enterprises and 8 others, trims in Aurobindo Pharma and 4 more

Quant Small Cap Fund increased exposure to Adani Enterprises and eight other stocks in May while reducing holdings in Aurobindo Pharma and four more. The fund also added six new stocks, exited three positions and maintained a defensive tilt through a higher large-cap allocation.

The Economic Times 12 Jun 2026 1:55 pm

MSME loan growth decelerates to 13% amid global headwinds; ECLGS 5.0 slated to cushion impact: Report

IIFL estimates the scheme could unlock 2.55 trillion in additional credit amid global headwinds.

The Hindu Businessline 12 Jun 2026 1:12 pm

GIFT City investment: Heres how resident Indians can invest in global stocks, ETFs, and mutual funds

Indian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financial Services Centre. This initiative bypasses domestic investment caps, offering various products with minimum investment thresholds starting from USD 5,000 for mutual funds and USD 150,000 for AIFs.

The Economic Times 12 Jun 2026 1:02 pm

Revised FCNR interest rates up to 7.13%: PNB, ICICI Bank, Axis Bank and others revise rates

FCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This follows the RBI's announcement to cover hedging costs for new 3 to 5-year deposits until September 2026. Axis Bank now offers up to 6% on these schemes for select tenures.

The Economic Times 12 Jun 2026 1:00 pm

50 lakh to 1.4 crore: How extending your PPF can add lakhs to your corpus and who should do it

PPF maturity presents a choice: withdraw or extend for continued tax-free compounding. While government backing and tax benefits remain attractive, especially for high-income earners, individual circumstances dictate the optimal decision. Understanding extension rules and recent changes is crucial for effective retirement planning.

The Economic Times 12 Jun 2026 1:00 pm

US-based peer-to-peer payment gateway Zelle to expand services in India

Zelle enables financial institutions of all sizes to offer near-instant cross-border remittances through trusted banks and credit unions

The Hindu Businessline 12 Jun 2026 12:52 pm

Smaller lenders offer over 7% on USD deposits in bid to attract FCNR(B) deposit rates

This follows RBIs recent proposal aimed at boosting US dollar inflows

The Hindu Businessline 12 Jun 2026 12:22 pm

Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the players

The Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the operator's commission. This ruling impacts online rummy, fantasy sports, and casinos. The court confirmed the tax is on the entire stake, regardless of skill. This decision brings clarity to the industry after years of litigation.

The Economic Times 12 Jun 2026 12:09 pm

Wealth Wisdom of the day: Big money is not in buying and selling. But in What you can learn from Charlie Mungers advice

Warren Buffett's business partner and the longtime Vice Chairman of Berkshire Hathaway - Munger passed away in November 2023, but his astute words continue to reverberate with the investing community. Munger had often spoken about patience when it comes to real wealth creation.

The Economic Times 12 Jun 2026 11:19 am

Sectoral and thematic fund inflows plunge 67% to Rs 647 crore. Are investors turning away from thematic bets?

Sectoral and thematic mutual fund inflows saw a significant drop in May, falling by 67%. This decline suggests investors are moving away from concentrated bets towards diversified strategies. Experts believe this trend reflects a natural shift during market uncertainty. While some sectors show strong performance, others lag, making sector selection challenging.

The Economic Times 12 Jun 2026 11:13 am

Cricketer Shreyas Iyer takes a luxurious house on rent in Worli at Rs 18.5 lakh monthly rent with 7% annual escalation; check the rental trend in Mumbai

Indian cricketer Shreyas Iyer has secured a luxurious rental property in Worli, Mumbai. The apartment commands a monthly rent of Rs 18.5 lakh. This deal includes a 7% increase in rent each year for the duration of the lease. The property is a spacious 3,875 sq ft residence. It also comes with four dedicated parking spaces.

The Economic Times 12 Jun 2026 11:08 am

Gold and silver ETFs gain up to 5% on US-Iran peace hopes. Should investors add exposure now?

Gold and silver ETFs gained sharply on Friday as precious metal prices rallied amid optimism over a potential US-Iran peace agreement. Experts advise investors to maintain 510% portfolio exposure through Gold ETFs and silver funds, using a staggered investment approach and avoiding panic-driven decisions.

The Economic Times 12 Jun 2026 10:50 am

Best value funds to invest in June 2026

Value investing has dominated the Indian stock market, with value funds delivering strong returns while growth funds lagged. Investors are advised to understand the merits and demerits of this strategy, as it requires patience and may involve periods of underperformance. A maximum of 20% investment in value funds is recommended.

The Economic Times 12 Jun 2026 9:23 am

Can you sell household items worth more than Rs 2 lakh in cash?Check the tax rules

A woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her favor, accepting her explanation for cash deposits from a property sale and sale of household items. The tribunal noted individual transactions for household items were below the Rs 2 lakh threshold.

The Economic Times 12 Jun 2026 7:00 am

Govt nominates DFS Secretary Lohiya on central boards of RBI and SBI

Lohiya nomination follows the superannuation of Nagaraju Maddirala

The Hindu Businessline 11 Jun 2026 8:36 pm

Attractive short-term interest rates trigger demand for short-term funds from banks and India Inc

Experts observed that the current softness in money market rates makes short-term funding attractive

The Hindu Businessline 11 Jun 2026 8:25 pm

FD interest rates up to 7.80%: These 2 banks have increased fixed deposit rates on select tenures; investors to earn more

HIghest FD interest rates: Unity Small Finance Bank and AU Small Finance Bank have revised their fixed deposit interest rates, offering enhanced returns for depositors. Unity Bank now provides 7.80% for general investors and 8.30% for senior citizens on its 501-day FD. AU Small Finance Bank has increased its 30-month FD rate to 7.40% for general customers and 7.90% for seniors.

The Economic Times 11 Jun 2026 5:52 pm

India, Nepal launch cross-border remittance mechanism; links UPI, NPI

India and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instantly using mobile apps. This makes payments easier for travellers and businesses. It also boosts economic ties between the two nations. This initiative enhances financial inclusion and digital integration.

The Economic Times 11 Jun 2026 5:48 pm

Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delay

The Bombay High Court, in its ruling, said a builder cant indefinitely retain purchasers money while failing to deliver homes. For the delay, the HC ordered the Mumbai-based builder to pay interest at 10.05% per annum from February 1, 2014, to the buyers until the possession is handed over.

The Economic Times 11 Jun 2026 5:35 pm

HDFC Life pegs claim settlement ratio at 99.7% in FY26

HDFC Lifesays it is leveraging digital workflows, automation, AI-led validation, and analytics to simplify claims assessment and processing

The Hindu Businessline 11 Jun 2026 4:59 pm

SBI, ICICI, HDFC Bank raise FCNR(B) rates to tap NRI foreign currency deposits

The move follows the Reserve Bank of Indias foreign currency swap window announcement, which reduced the currency hedging cost for banks and enabled them to offer higher returns

The Hindu Businessline 11 Jun 2026 4:39 pm

SIF Inflows: Hybrid Long-Short Fund strategy contributes 70% to total flows since Oct 2024. Check details

Hybrid Long-Short Funds have dominated SIF inflows since October 2024, accounting for 72% of the total Rs 13,625 crore invested across strategies, according to ValueMetrics.

The Economic Times 11 Jun 2026 3:30 pm

Looking for best mutual funds to invest in? Here are the top 10 picks

Choosing mutual funds based only on online rankings or recent performance can be misleading. ETMutualFunds shortlisted 10 equity funds across five categories using rolling returns, consistency, downside risk, outperformance and asset size. Investors should select funds based on financial goals, investment horizon and risk appetite.

The Economic Times 11 Jun 2026 3:17 pm

NFO Alert: ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF

ICICI Prudential Mutual Fund has launched the Nifty Smallcap 250 ETF, offering exposure to 250 emerging companies. The NFO is open till June 16. The passive fund aims to track the index with minimal cost, targeting investors seeking diversified, long-term participation in Indias growing smallcap segment.

The Economic Times 11 Jun 2026 3:07 pm