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RBI introduces Benchmark Issuance Strategy for market borrowings for 9 States on pilot basis
The BIS strategy will involve issuing securities in specific benchmark tenor buckets as per the pre-announced calendar
IHCs 8,850 cr capital infusion in Sammaan Capital will power its growth for the next 5 years
We aspire to be amongst the top three (UL-NBFCs), which we used to be. So, we intend to go back there, says Chief Banga
US-based Lockton to make formal market entry in Indias reinsurance space this fiscal
From a scale perspective, the insurance broker serves over 1000 clients across sectors in the country, supported by a team of 241 associates, with plans to scale this to around 380 as it continues to grow
The Latest Home Loan Interest Rates: Apr 03, 2026
The Latest Home Loan Interest Rates: Apr 03, 2026
The Latest Fixed Deposit Interest Rates: Apr 03, 2026
The Latest Fixed Deposit Interest Rates: Apr 03, 2026
Punjab National Bank officers union flags mass transfers, seeks review
The union alleged the move was arbitrary, ignored existing policies, and impacted employee morale, including concerns over transfers close to retirement and lack of consideration for personal circumstances
Which mutual fund should you add for 15-year SIPs? Expert breaks down multicap vs factor funds
Investors planning 15-year SIPs often face a choice between actively managed multicap funds and factor-based index funds. While multicap funds like Nippon India offer research-driven flexibility, factor-based options such as Edelweiss Nifty 500 Momentum Quality 50 rely on systematic rules. Choosing depends on risk appetite, market understanding, and long-term goals.
Investing in debt mutual funds now? How rising yields may impact returns
One rule. No app. No spreadsheet. Follow this and save lakhs over time
RBI unveils 2.54 lakh crore state borrowing plan for April-June quarter
The central bank explains that the move toward a more structured strategy is part of a long-term effort to stabilise the market for state-level securities
NFO Alert: Franklin Templeton Mutual Fund launches Sapphire Equity Long-Short SIF
Franklin Templeton has launched Sapphire Equity Long-Short SIF, its first offering under the SIF framework. The fund uses a quantitative strategy with long and short positions across Nifty 500 stocks. Designed for high-risk investors, it aims to generate alpha through dynamic allocation and disciplined risk management across market cycles.
AIBEA seeks govt inquiry into issues raised in the resignation letter of HDFC Banks former Chairman
The Association has sought the governments intervention for assessing the governance, compliance, and risk management practices at Indias second-largest private sector bank
Equity mutual funds lose up to 14% in March. Check top 10 laggards
ICICI Pru Balanced Fund raises equity allocation to 5-year high
ICICI Prudential's Balanced Advantage Fund has increased its equity allocation to 61.9%, the highest in nearly five years, signaling increased comfort with market valuations after a recent sell-off. This dynamic strategy allows managers to adjust between equity and debt based on market conditions, aiming to benefit investors who prefer automated asset allocation.
Building a Rs 2-crore retirement corpus requires a strategic approach to combat inflation and market volatility. Experts recommend a systematic investment plan with annual increases, a gradual shift from equity to debt as retirement nears, and a bucket strategy for managing withdrawals. Avoiding premature exits during market downturns is crucial for long-term wealth preservation and growth.
Bank holiday today : Good Friday, April 3, 2026, sees many banks closed across India. However, banking operations continue as usual in states like Tripura, Rajasthan, and Assam. Customers needing branch services should verify local holiday schedules to avoid disruption.
Homebuyers need to know that tax benefits on home loans are linked to property ownership. Even if a wife is a co-borrower and pays EMIs, she cannot claim tax deductions without ownership rights. To avail these benefits, an individual must be both a co-owner and a co-borrower. Proof of ownership and loan repayment is crucial for tax authorities.
Fixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compounding growth. Forms 15G and 15H allow eligible individuals to declare no tax liability. This prevents TDS deductions, keeping interest invested. Over time, this can significantly boost maturity amounts. Submitting these forms annually is crucial for maximizing savings.
Emirates NBD Bank gets RBI nod to acquire up to 74% stake in RBL Bank
The provisions applicable to foreign banks operating in wholly owned subsidiary mode shall be applicable to the bank, except the requirement to have at least half of the directors attending board meetings to be independent directors shall not apply
TVS Venu Group acquires PGIM India Asset Management
In 2019, Prudential Global Investment Managers completed purchase of 50% stake held by its joint venture partner DHFL
The study indicates responsible borrowing behaviour, with an overall Fixed Obligation to Income Ratio (FOIR) of 18.7 per cent %, which is well within the 50 per cent % limit prescribed by the RBI.
IRDAI designates LIC, GIC Re, New India Assurance as D-SIIs for FY26
The regulator also directed insurers to assess compliance with dark pattern guidelines and strengthen governance and risk management, as part of broader efforts to improve transparency and oversight in the sector
Dubai remains a top destination for gold purchases, attracting global buyers with competitive rates and diverse designs. Today's gold prices in Dubai are under scrutiny due to ongoing global conflicts and market volatility. Indian travellers can bring duty-free gold jewellery, with specific limits for males and females. Beyond these allowances, customs duties apply to additional gold.
India trading ban rocks $149 billion-a-day offshore rupee market
The Reserve Bank of Indias restrictions on non-deliverable derivatives will impact major currency hubs like Singapore and London, where trading has grown to about twice the onshore market size
UPI records 22.64 billion transactions in March 2026, says Department of Financial Services
Transaction value rises to 29.53 lakh crore with 24 per cent year-on-year growth in volume
22k gold rate today: Gold prices saw a slight dip on April 2, 2026, bringing welcome news for shoppers. Leading brands like Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas reported lower rates for 22-karat gold.
Looking for mutual funds that beat their benchmarks in 3 years? Here are top 10
Quant Mutual Fund believes the current market situation presents a major buying chance. The fund house is increasing its investments in stocks, seeing attractive valuations. They are focusing on opportunities during market panic and euphoria. India is seen as a relative outlier amid global economic slowdown concerns.
Margins may fall 2030 bps below its current 3.1% forecast in FY27
Central government employee unions, under NC-JCM, have urged the 8th Pay Commission to expand its questionnaire. They seek to include provisions for reviewing NPS/UPS, restoring the Old Pension Scheme, addressing pensioners' and women employees' welfare, and extending submission deadlines and word limits for comprehensive feedback.
What is an OCI Card? Check benefits, eligibility, fees & step-by-step application guide
LLP or individual ownership? Tax rules for renting out commercial property explained
NFOs : 5 mutual funds and 1 SIF are open for subscription. Check dates and key details
Why RBI is clamping down on FX arbitrage
The rupee is expected to benefit from the measures as the unwinding of arbitrage positions would spark a bout of heavy dollar sales in the onshore market
REITs are for steady income. SM REITs are for higher returns. What should you go for?
Bank holiday today for Hanuman Jayanti 2026: Are banks open or closed today on April 2, 2026?
Bank customers are confused about operations on April 2, 2026. Banks are open nationwide for Hanuman Jayanti. Closures are limited to Keralam for Maundy Thursday. This information clarifies bank availability for the public. Many regional holidays affect bank schedules in April 2026.
Q4 Business Updates Live, April 02: Catch our live updates
Will EPF interest rate rise to 10%? Central government clarifies stance on rate hike and feasibility
The government has stated it has not received formal requests from labour unions to raise the Employees Provident Fund interest rate to 10%. The current EPF interest rate stands at 8.25%, last revised in FY 2022-23. The Labour and Employment Minister clarified the interest rate determination process.
Top 10 mutual funds to invest in April 2026
ETMutualFunds presents a curated list of ten top mutual fund schemes. These selections span five key equity categories, offering guidance for regular investors. The article emphasizes understanding fund categories and aligning choices with personal investment goals and risk tolerance. Investors are advised to consider their objectives and risk profile before investing.
Gold, silver ETFs slip up to 4% as Trump signals tougher action on Iran. Whats next for investors?
Silver and gold ETFs experienced significant drops of up to 4% on Thursday following U.S. President Trump's indication of continued military action in Iran. This geopolitical tension, coupled with rising crude oil prices and a stronger dollar, pressured precious metal prices on the MCX, with several ETFs seeing substantial declines.
Bought a flat but parking too small and far away? Homebuyer filed case but lost in RERA; heres why
A homeowner's plea for a better parking spot was dismissed by Punjab RERA. The complainant argued his allotted space was too small and far from his apartment. He also claimed unequal distribution of parking. RERA ruled against him, stating he accepted possession without protest and the builder followed approved plans. Certificates were issued.
Mutation and bank loan dont prove land ownership: Why HC denied ancestral land claim
The Andhra Pradesh High Court denied an ancestral land claim despite possession and mutation, emphasizing that revenue records like mutation and bank loans do not prove ownership. The court ruled that establishing lawful title through registered deeds or legally recognized documents is crucial, not just lineage or long-term possession.
Want regular and reliable income in retirement? Heres how G-Secs can help you
Government Securities (G-Secs) offer retirees a safe, predictable income, but a G-Sec-heavy strategy alone can be eroded by inflation. Experts advise a balanced approach, with allocation varying by retirement age. Bond laddering and selective diversification can enhance returns and manage risks effectively.
Axis Bank launches registered mobile number update journey via Aadhaar Face Authentication
This newly launched solution allows customers to update their registered mobile numbers digitally, anytime and anywhere, through a secure three step Aadhaar Face Authentication journey
RBI tightens rules governing FX derivatives to curb wild swings and depreciation of the Rupee
RBI tightens forex rules to stabilise plunging rupee amid volatility
RBI says 98.45% of 2,000 notes returned since withdrawal
The total value in circulation has dropped sharply, though the notes continue to remain legal tender.
Karnataka Banks CASA deposits rise 10% in 2025-26, advances up 6.9%
Total deposits of the bank increased to 1,08,840.95 crore in 2025-26 from 1,04,807.49 crore in 2024-25, a growth of 3.8 per cent
The secret to true multibaggers: Somil Mehtas investing thesis for disciplined trading
Salaried employees face new Tax Deducted at Source rules from April 1, 2026. The new financial year brings revised tax calculations and compliance requirements. Employees must inform employers if they wish to opt for the old tax regime. Higher standard deductions and increased tax-free benefits are introduced. Choosing between tax regimes depends on individual deductions and salary structure.
CBI files fourth case against Reliance Communications in 3,750 crore LIC fraud
The case stems from LICs investment in company bonds, with allegations of fund diversion, false representations, and financial irregularities flagged in a forensic audit
Mutual funds may have deployed Rs 80,000 crore in March crash: Report
Mutual funds deployed an estimated Rs 80,000 crore into equities during the March market crash, significantly reducing their cash holdings, as they stepped in to counter heavy FII selling. The buying came amid an over 11% market correction and rising crude oil prices linked to the Gulf crisis, highlighting a strong inverse relationship between oil prices and Indian equities.
Gold prices experienced unusual volatility during the Iran-Israel conflict. Initially surging, gold later dropped significantly as geopolitical tensions eased and inflation fears rose. Axis Mutual Fund decoded this behavior, citing unwinding leveraged positions, Middle Eastern surplus shifts, and liquidity concerns as key drivers.
New PAN card application forms are now in effect under the Income-ax Act, 2025, with category-specific forms replacing the Aadhaar-only option. Mandatory PAN quoting has expanded for high-value transactions, including significant cash deposits and property deals, making compliance crucial for taxpayers.
Five big changes in Form 16, which is replaced by Form 130, that every salaried employee must know
Form 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a Tax Year concept, enhances taxpayer and employer details for digitized reporting, and requires disclosure of tax deduction rates. The shift is primarily structural, aligning with the new Income-tax Act, 2025.
13 equity mutual funds lose over 15% in 6 months. Were they a part of your portfolio?
Around 13 equity mutual funds delivered losses exceeding 15% over the past six months, with small-cap and mid-cap categories leading the decline. Tata Small Cap Fund topped the list with a 23% drop, reflecting broader market weakness and volatility impacting high-risk fund segments.
Corporate credit profile resilient in FY26 with higher rating upgrades: ICRA
Indian companies showed strong financial health in 2025-26. Rating upgrades outnumbered downgrades, indicating robust balance sheets and steady demand. Policy support also played a key role. While external risks have eased, the West Asia crisis poses new challenges. Geopolitical events and global trade will be closely watched for credit quality in the upcoming fiscal year.
Gold prices are on the rise as the new financial year begins. Major jewellery brands and the IBJA reported higher rates for 22K and 24K gold on April 1, 2026. Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas have all seen an uptick in their gold prices. Silver prices have also experienced a significant increase.
NFO Alert: Zerodha Mutual Fund launches Nifty LargeMidcap250 Plus 813 Yr G-Sec 70:30 Index Fund
Zerodha Mutual Fund has launched the Nifty LargeMidcap250 Plus 813 Yr G-Sec 70:30 Index Fund, a hybrid index fund offering exposure to Indias top 250 equities and government securities in a single, passively managed vehicle. The NFO is open until April 15, after which the scheme will reopen for continuous sale and repurchase within five business days of allotment.
Is UPI down? SBI, UCO Bank, other bank users report payment issues
SBI UPI down: Downdetector shows a steep jump in the number of complaints, including over 500 payment issue-related complaints reports for State Bank of India.
Gifting property? 45 lakh rule may trigger tax noticecheck if youre at risk
The Central Board of Direct Taxes has introduced new forms for correcting PAN card details. These forms, PAN CR-01 for individuals and PAN CR-02 for non-individuals, will be effective from April 1, 2026. Both online and offline submissions are permitted. Applicants must provide correct PAN details and a copy of their PAN card. Aadhaar is mandatory for most applicants.
10 must-do financial tasks you need to complete in new financial year (FY 26-27)
Financial tasks: Proactive financial planning, from retirement savings to KYC updates and nominee details, ensures a smoother year ahead.. The new financial year offers a prime opportunity to organize your finances.
New financial year brings significant mutual fund reforms. Expect revised GST, introduction of life cycle funds, and discontinuation of children's and retirement schemes. Equity funds can now invest in gold and silver, while stricter rules apply to thematic funds. These changes aim to boost transparency and investor protection.
MF Tracker: Can Mirae Asset Large Cap Fund extend its strong run? Heres what investors should know
Mirae Asset Large Cap Fund has a strong history of positive returns. However, recent performance indicates a slowdown. The fund has struggled to consistently outperform its peers and benchmark over shorter periods. Experts suggest large-cap funds remain a core part of equity portfolios for stability. Investors should consider their risk appetite and goals.
Silver and gold ETFs rally up to 6% on Iran-US de-escalation hopes. What should investors do?
Silver and gold ETFs saw significant gains on Wednesday. A weaker dollar and easing geopolitical tensions boosted investor sentiment. Gold prices edged up, while silver experienced a slight dip. Experts suggest this consolidation offers an attractive entry point for long-term investors. Rising fuel prices and gold rates create an inflationary environment.
Best mutual fund SIP portfolios to invest in April 2026
ETMutualFunds' best mutual fund SIP portfolios are meant for three different individual risk profiles: conservative, moderate and aggressive. We have also considered three SIP baskets between Rs 2,000-5,000, between Rs 5,000-10,000 and above Rs 10,000 while creating these portfolios. Take a look at our recommended portfolios.
New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explained
New income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act. Expect revised TDS/TCS rules, updated ITR filing deadlines, and changes to buyback taxation. Key benefits include expanded HRA exemptions and increased meal card tax benefits, aiming for a simpler tax regime.
BPCL Share Price Live Updates: BPCL's stock shows troubling monthly returns
Cipla Share Price Live Updates: Cipla's One-Month Return Analysis
Dr Reddys Share Price Live Updates: Dr. Reddy's Laboratories records a monthly loss
Nestle India Share Price Live Updates: Nestle India experiences a decline in returns
The Income Tax Department has clarified a new 12% surcharge on capital gains from share buybacks, specifically for promoters. This change, part of the Finance Bill 2026, impacts promoters' additional income tax. Non-promoter shareholders will continue to be taxed under normal surcharge provisions based on their income. This move standardizes tax treatment for buyback transactions.
Banks across India will observe closures on April 1 for annual account closing. While branches may be shut, digital banking services like ATMs and UPI will operate normally. Several other holidays are also scheduled for April 2026, impacting banking operations in various states. Customers are advised to check specific bank schedules.
How will Middle East tensions impact Indias debt market?
Geopolitical tensions are driving up crude oil prices, impacting India's bond yields and weakening the rupee. This inflationary pressure is causing mark-to-market losses, especially in long-duration debt funds. Investors with longer horizons can weather short-term dips, while those with shorter goals should opt for less volatile funds. Patience is advised before increasing gilt fund exposure.
Red tide in equity funds: Only a few stay afloat
Equity mutual fund returns have faced significant pressure over the last year, with most categories experiencing value erosion. Large-Cap, Flexi-Cap, and Focused Funds saw category averages decline between 3.5% and 4.3%. While Small-Cap funds struggled, Mid-Cap funds demonstrated relative resilience.
GST waiver, tax benefits push up entry-level health insurance cover sizes
Improved affordability is encouraging both new buyers and existing policyholders to opt for higher coverage, upgrade plans, and add riders, reflecting growing awareness about adequate health protection
The CBDT has mandated a Document Identification Number (DIN) for all income tax correspondence to taxpayers via a circular dated March 31, 2026. This new directive replaces the 2019 rules, ensuring taxpayers can verify the authenticity of official communications. Exceptions exist for technical difficulties or when electronic referencing is impossible, but these require post-facto approval within 15 days.
Fintech firm Bachatt raises $12 million in funding round led by Accel
The company plans to use the fresh funds to scale up its savings solution and build new AI-led wealth and credit solutions for its growing user base
Piramal Finance AUM crosses 1 lakh crore, eyes microfinance acquisition
Piramal Finance plans to diversify beyond home loans into microfinance and gold loans, aiming to reach Rs 1.5 lakh crore AUM by March 2028, while maintaining a cautious approach amid global uncertainties
RBL Bank plans to open 200 branches in FY27
With an eye on Non-Resident (NR) business, the Bank has opened 13 of the 23 new branches in Keralam, in view the states large NR population and strong remittance-led banking potential
DA hike delay: Will central government raise dearness allowance in first week of April?
Central government employees and pensioners are awaiting the January 2026 Dearness Allowance (DA) and Dearness Relief (DR) hike announcement. Despite expectations ahead of Holi and a late March cabinet meeting, no decision has been made. Experts suggest administrative complexities related to the 8th Pay Commission and fiscal balance calibration are causing the delay, with an announcement likely in early April.
April 2026: Indian banks will be closed on several days in April 2026. These closures are for yearly account closing and various regional festivals. Customers should check local holiday lists before visiting branches. Specific holidays include Maundy Thursday, Good Friday, and Dr Babasaheb Ambedkar Jayanti.
Gold rate prediction: Gold prices experienced a slight increase on March 31, 2026, with 22K gold rates rising across major jewelry brands like Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas.
Want Rs 50,000/month after retirement? Here are some investment strategies & corpus to consider
NBFCs continue to dominate CP issuances in March; CD borrowings may moderate in FY27: Ind-Ra
Non-banking financial companies actively tapped the commercial paper market in March, driven by year-end funding needs, while corporates adopted a cautious approach due to high borrowing costs and ample internal funds. This trend is expected to continue. Bank certificate of deposit issuances remained stable, suggesting easing short-term funding pressures in the banking sector.
Revised Income Tax Return due date extended to March 31, 2026? No; Heres why
Budget 2026 extended the revised Income Tax Return (ITR) filing deadline to March 31, but this change is effective from Assessment Year 2026-27, not AY 2025-26. Taxpayers can file revised ITRs to correct errors, report missed income, or adjust for changes in tax laws, with a new 12-month window from the end of the tax year.
The 8th Pay Commission will visit Dehradun on April 24, 2026, to consult stakeholders on pay and allowances. The commission, formed in November 2025, has invited suggestions from employees, pensioners, and unions via email by April 10, 2026. The deadline for submitting views and questionnaire responses is April 30, 2026.
