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NRO account for NRIs: Which funds can be deposited, tax on interest and repatriation rules
For NRIs, establishing or converting an existing bank account is vital upon confirming non-residence status. An NRO account facilitates the efficient management of deposits and income generated in India.
WhatsApp eyes programmable payments as next leg of UPI journey: Meta
Meta now the seventh-largest UPI player in the country, says Shweta Bajpai, Director, Finserv, Technology, Services and Payments at Meta
Says the objective should not merely be to make finance faster or smarter, but to ensure that technological progress makes finance more useful, resilient and responsive to those it serves
From 20 days to 60 minutes: GIFT Citys investor onboarding gets a digital makeover
Investors from 90 countries have been onboarded in GIFT City
India needs to manufacture at scale, deepen credit to fund investment: NITI Aayog V-C at GFF
India should not be overly concerned about weak foreign investment in the current global environment, says Ashok Kumar Lahiri
Flexi cap funds: Bringing flexibility to your investment game
Flexi cap funds provide a unique opportunity for investors by spreading investments across large, mid, and small-cap companies, ensuring a well-rounded equity exposure. These dynamic funds empower professional managers to modify asset allocations in response to changing market conditions. Investors have the flexibility to choose between lump sum investments or systematic investment plans.
PhonePe's Sameer Nigam unveils vision for next decade of financial inclusion at GFF 2026
The CEO highlights that PhonePe has worked alongside NPCI to systematically break down the 'walls'- smartphone, bank account, and border barriers that have historically kept people out of the digital economy
Credit card lost, and someone used it; who will cover the lost money - you or the bank?
What if a transaction takes place after you lose your card, and you dont block it before that? Who has the liability then - you or the bank? There could be an instance where, even when you have reported your credit card as lost/missing, an unauthorised transaction takes place because of the banks fault. What then? Do such transactions have impact on your credit score? Find out in this article.
SBI ATM rules from October 1, 2026: Key changes customers should know
Many billion-dollar fintech cos can emerge from India to serve global markets: Razorpay CEO
Real-time payments are going to create massive opportunity for Indian companies to go and capture their growth, says Harshil Mathur
Quant Mutual Fund files draft papers with Sebi for an index fund, its second passive fund
Quant Mutual Fund has filed with Sebi to launch the Quant Nifty 100 Index Fund, its second passive offering. The fund will track Nifty 100 TRI, invest predominantly in equities and carry a very high risk rating.
Looking to start a SIP in September? Check these mutual funds for high-risk investors
Planning to start a mutual fund SIP this September? Here are ready-made portfolios for aggressive investors across three monthly investment baskets, along with the methodology used to shortlist the schemes.
RBI likely deploys FX swaps to mop up overseas deposit-driven liquidity, traders say
The central bank is conducting the swaps with a maturity in September, four bankers and two FX brokers
Global Fintech Fest one of the highlights of Indian financial calendar, says NSE CEO
NSE CEO Ashish Kumar Chauhan stated, This GFF is a highlight of the Indian financial calendar and one of the largest events of its kind in the world
8th Pay Commission: How basic salary of Level 6 employees may double in 7 years after DA merger?
8th Pay Commission news: Employee and pensioner groups are urging the 8th Pay Commission to merge dearness allowance with basic pay. This merger aims to accelerate salary increases for central government employees. Organisations like NC-JCM and AINPSEF have submitted their recommendations for this significant change. The proposed merger could potentially double basic pay for some employees within seven years. These discussions are ongoing as the commission gathers feedback from various stakeholders.
Edelweiss Mutual Fund CEO Radhika Gupta warns that constantly chasing higher-performing investments can undermine wealth creation. Investors may shift from goal-based investing to comparing returns, often chasing recent winners without considering risk, strategy or suitability. She advises focusing on financial objectives, consistency, time horizon and disciplined investing rather than short-term performance.
SEBI, NSE and Enforcement Directorate to expand base in BKC, Mumbai
Speaking at the Global Fintech Fest 2026, Kaustubh Tause, Secretary and Chief Advisor to Devendra Fadnavis said the markets regulator will set up completely new infrastructure, spread over 16,000 meters.
Canara Bank, Bank of India, and IDFC FIRST Bank have announced updates to their savings account interest rates, which will take effect on September 1 and September 5, 2026. Canara Bank will offer interest from 2.50% to 4%, while Bank of India presents a range of 2.50% to 6.25%. IDFC FIRST Bank tops with rates from 2.50% to an impressive 7.00%, depending on the deposit amount.
Quant Small Cap Fund exits SBI Funds Management, Jubilant FoodWorks and 4 other stocks in August
Quant Small Cap Fund, managed by Quant Mutual Fund, exited six stocks and added four new names in August 2026. The fund increased exposure to 12 stocks while reducing holdings in seven others. Its portfolio stood at 104 stocks, with HFCL commanding the highest allocation at 6.70%. The funds AUM rose to Rs 35,557 crore during the month.
RBI likely steps in to stem rupee's oil, outflow-driven fall, traders say
The rupee recovered to 95.07 per dollar following the intervention, after hitting a session low of 95.2250
PhonePe and Visa partner to power comprehensive cardless payments for Indians globally
The new solutions aim to simplify payments for Indian consumers travelling abroad while helping small merchants accept cards without dedicated POS hardware.
For younger borrowers, credit is increasingly becoming an instrument for mobility, consumption and income generation rather than simply a tool for major life milestones, the report said.
Taxpayer lost Rs 34 lakh in F&O trading but reports it as business loss; Income Tax dept treats it as speculative loss; ITAT Delhi treats Rs 9 lakh as speculative and the rest as business loss. The ITAT Delhi bench comprised of Sudhir Kumar, Judicial Member and Manish Agarwal, Accountant Member.
HDFC AMC appoints Dalwai as Senior Fund Manager Equities
Dalwai brings 15 years of experience in equity research and fund management
The Reserve Bank of India has announced the premature redemption price for the gold bond series. Starting from September 9, 2026, investors can redeem their SGB 2020-21 Series XII at a fixed price of Rs 15,355 per unit. This ensures a notable profit for bondholders, as Sovereign Gold Bonds serve as an alternative to physically holding gold.
Continental Securities plans fresh fund raise to grow Gold Loan, MF distribution businesses
Gold loans are already an established product for Continental Securities, alongside MSME and mortgage lending
Grandson claims share in late grandfathers 75-bigha land, challenges sale by father; Rajasthan HC says it is fathers inherited land and rejects grandsons appeal.
RBL Bank set for debut dollar debt sale, eyes 5-year funding, bankers say
RBL Bank is likely to raise around $500 million through its debut dollar bond issue
Retirement doesn't mean tax-free mutual fund income. Understand how capital gains, IDCW payouts, and SWPs are taxed. Discover strategies like leveraging rebates, choosing between Growth and IDCW, and planning withdrawals to minimize your tax burden and maximize post-retirement income. Plan wisely for a secure financial future.
Best tax saving mutual funds or ELSS to invest in September 2026
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds.
Buying a car? Heres how much of your income you should actually spend
Paytm expands into agentic AI with new enterprise service Pi
The fintech company is seeking new revenue streams as intense competition in digital payments limits expansion opportunities in its core market.
Spurt in India-listed US ETFs stumps Dalal Street
India's exchange-traded funds that mirror US equities experienced a surprising spike, with gains from six to thirty-seven percent over two days, despite Wall Street remaining relatively unchanged. This significant upswing has been attributed to a recent adjustment by Sebi regarding circuit limit calculations. The new methodology enhances conformity between global and domestic ETF limits, resulting in expanded price variability.
BondsIndia re-brands as Digifinn to widen fixed income offerings
The rebrand is supported by Eshiruss Group, which brings institutional and technology partnerships to strengthen the platform
PM Modi calls for deeper UPI links with overseas payment systems
Deeper integration of payment systems could also help reduce the cost and time involved in remittances sent by Indians working overseas, says PM
FinTechs helping bridge Indias MSME credit gap: RBI Governor
The Governor noted that over the past decade, FinTech has fundamentally reshaped the architecture of Indian finance
NFO Alert: JioBlackRock Mutual Fund launches balanced advantage fund
JioBlackRock Asset Management has launched the Balanced Advantage Fund, offering dynamic allocation between equity and debt. Its NFO opens September 11 and closes September 25, targeting long-term capital appreciation and income through a data-driven investment strategy.
8th Pay Commission news: Pensioners' body seeks clarity on pension revision from PM Modi
8th Pay Commission latest news: The Retired Employees Welfare Association is calling on the Prime Minister to revise the terms of the 8th Pay Commission. Its request includes the addition of pension revision clauses for retirees prior to January 1, 2026. It claims that the amendment is critical for alleviating confusion among 69 lakh pensioners, especially since earlier commissions explicitly detailed benefits for pensioners. Furthermore, various employee groups are backing this demand for clearer pension rules.
A health insurer cannot automatically reject claims using waiting-period clauses. The Mumbai Consumer Commission ruled that insurers must prove a condition was pre-existing, not just rely on policy terms. This landmark decision emphasizes fairness and consumer protection, reminding policyholders to understand their policy's nuances and challenge unjustified rejections.
Landlord took rent in cash, deposited Rs 14.96 lakh cash during demonitisation period; got Income tax notice, he wins case in ITAT Bangalore. The ITAT Bangalore bench which heard this case comprised of Waseem Ahmed, an accountant member and Keshav Dubey, a judicial member.
Silver gave 98% returns in 1 year, but investors made just 18%; 56% investments in loss: Report
Silvers 98% one-year rally has triggered a surge in investor interest, but chasing past gains could hurt future returns. The latest report highlights how FOMO has driven investors into silver ETFs after prices surged, with 56% of money invested over the past year showing negative returns as of July 31, 2026. The data underscores the risks of pro-cyclical investing.
India eyes AI for next finance leap after digital payments boom
Global Fintech Fest in Mumbai to debate the risks associated with giving machines a big role in financial payments systems
Women's SIP investment rises nearly four-fold in five years
Earlier, traditional options such as gold, fixed deposits and property were preferred for savings. Women are now allocating a part of their savings to equity markets through SIPs
Edelweiss Mutual Fund is set to unveil its latest Altiva strategy on September 10. The Altiva Equity Long Short Fund is designed to deliver reliable alpha through large-cap investments. This innovative strategy integrates a core large-cap portfolio enhanced with derivative overlays. By employing tactics such as covered calls and straddles, the fund aims to boost returns while minimizing risks for its investors.
Government temporarily pauses new PLI scheme for bank staff amid strike threat
The decision is taken after Union Finance Minister Nirmala Sitharaman on Monday met with a delegation of bank employees representing different Public Sector Banks (PSBs)
Indian banks leave sizeable FX risk open on overseas deposits, creating potential rupee overhang
Lenders have raised more than $127 billion in such deposits since the central bank introduced them as part of one-off measures to strengthen India's balance of payments in the face of surging oil prices in June
Indian banks leave FX risk open on overseas deposits, weighing on rupee
While the Reserve Bank of India's special swap facility shields banks from FX risk on the deposits' principal amounts, interest payments need to be managed by lenders independently
3 Yrs, no flat: homebuyer wins refund+6.4L interest
India eyes AI for next finance leap after digital payments revolution
AI could take India's financial system beyond simply processing transactions, helping assess borrowers, detect fraud, tailor financial products and eventually make payments on behalf of consumers
S&P assigns 'BBB' rating to BoI on sufficient capitalisation, solid funding
S&P Global Ratings on Tuesday assigned 'BBB' long-term rating to Bank of India (BoI) on sufficient capitalisation, solid funding, and healthy liquidity. The US-based agency said the ratings reflect the likelihood of extraordinary support for the state-run bank from the government, if needed. The long-term rating on BoI is one notch above its assessment of the stand-alone credit profile (SACP) for the bank, S&P said while assigning its 'BBB' long-term and 'A-2' short-term issuer credit ratings to the bank. 'BBB' rating denotes adequate capacity of the institution to meet its financial commitments. The stable outlook on long-term rating reflects our view that the bank will maintain its adequate capital position and solid funding and liquidity over the next two years. We base our view on BoI's very important role as a public sector bank in promoting financial inclusion through increased access to deposits and lending. The bank has very strong links with the government via the ...
How to get Rs 3 lakh/month from my Rs 2 crore EPF corpus?
ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the balance for up to three years even without fresh contributions. What are the tax rules for this? My monthly expenses are Rs 3 lakh. I want to optimise returns and get steady income.
Gold looks expensive at current levels, silver still undervalued: Monarch PMS
Currently, silver is priced lower than its typical value, presenting an appealing investment alternative to gold. With gold's modelled range set between US$3,248 and US$4,595, averaging at US$3,922, silver's modelled range is between US$54 to US$77, averaging at US$65. Priced at US$61.7, silver falls below its expected midpoint, highlighting its position as the more affordable precious metal.
SIP calculator: How much should you invest at 30, 35 or 40 to build 1 crore by 50?
How to generate, activate and authenticate EPFO UAN on UMANG platform
Check your EPF balance, download the passbook and track claims after completing UAN activation through UMANG
Gold rate today: 24k vs 22k vs 20k prices
New labour code: Up to 20% bonus for these staff
HDFC Bank cuts MCLR by up to 10 bps: How it may affect your loan EMI
Lender lowers MCLR rates across all seven tenures from September 7; impact on your EMI depends on the loan's reset date and benchmark
Daughter of widow who remarried after her husbands death can inherit fathers share in his family property under Hindu Succession Act, 1956 rules Madras High Court. Know how
Best large & mid cap funds to invest in September 2026
In large & mid cap funds, the fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.
Trust vs Will in India: Taxability & 8 other facts that tells you what protects your family's wealth
Maruti Suzuki Share Price Live Updates: Maruti Suzuki's Market Performance Overview
The NC-JCM has urged that older vacancy sanction letters be used to assess eligibility for the Old Pension Scheme (OPS). During a meeting with the DoPT secretary, they emphasized the importance of this pension issue. Legal rulings have favored employees recruited post-January 1, 2004, for OPS benefits, as the New Pension Scheme (NPS) took effect for central government workers on that date.
Power Grid Share Price Live Updates: Power Grid's Current Valuation
Bajaj Finserv Share Price Live Updates: Bajaj Finserv Price and Returns Overview
Titan Company Share Price Live Updates: Titan Company Current Trading Status
IndusInd Bank Share Price Live Updates: IndusInd Bank Current Trading Status
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Trading Performance
Bharti Airtel Share Price Live Updates: Bharti Airtel's Recent Market Activity
BPCL Share Price Live Updates: BPCL's Stock Performance Analysis
Dr Reddys Share Price Live Updates: Dr. Reddys Trading Insights
Tata Steel Share Price Live Updates: Tata Steel's Performance Snapshot
M&M Share Price Live Updates: M&M Price and Performance Overview
Tata Motors PV Share Price Live Updates: Tata Motors PV Stock Details
PSB PLI scheme kept in abeyance amid bank employees demand for review
The decision follows discussions with bank employees on ex-gratia, medical facilities for retirees and differences over performance-linked incentives.
REC raises 500 crore through Indias first tokenised bond
REC raises Rs 500 crore through Indias first tokenised bond, with HDFC Bank, ICICI Bank and other investors participating in the issue
IRDAI slaps 1 crore penalty on ICICI Lombard General Insurance
The penalty was imposed after an onsite inspection conducted during September 2019
NBFCs loans grew at a faster clip of 14.9% in July 2026
Gold jewellery and consumer durables loans gather momentum
ITAT upholds clean slate principle under IBC in IndusInd General Insurance vs IT case
Theadvocates of the assesseeargued that under Clause 9.1.8of the NCLT-approved Resolution Plan, all pending tax proceedings and liabilities concerning RCLs subsidiaries relating to the pre-approval period were permanently extinguished and dismissed
CBI files second chargesheet in Reliance Commercial Finance Ltd case
Three Reliance ADA Group executives are among 17 accused named in the chargesheet. They are: Amitabh Jhunjhunwala, Amit Bapna, and Ramesh Shenoy, as per the CBI
Foreign ownership falls in private banks
FIIs reduced holdings in several private banks in the June quarter, with stakes in HDFC Bank, Kotak Mahindra Bank and Axis Bank declining sequentially
Life insurers' new business premium rises 33.07% to 41,198 cr in August
LIC's new business premium rose 45.26 per cent in August, while private insurers recorded nearly 20 per cent growth, lifting the industry's overall premium mobilisation
VRRR auctions: Banks prefer deploying funds overnight to 30 days
Banks dont want to lock up funds in longer tenor VRRR auctions and miss out on loan deployment opportunities, says expert
Bank unions across the nation are set to embark on a nationwide strike on September 11, 2026, advocating for crucial reforms in the banking sector. This is followed by planned strikesin last week of September an indefinite strike starting October 26.
Gold seized & held as unexplained, lady wins case
Homebuyer wins 14.51 L back+10.80% interest
