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IRDAI proposes Public Insurance Registry to create digital public infrastructure for insurance
The registry is proposed to address information and interoperability gaps by providing a consistent and authoritative view of insurance records, while allowing relevant information to remain with the respective source institutions
Robust inflows into FCNR (B) deposits: Banking system liquidity surplus at 6.65 lakh cr
To absorb this surplus, the RBI on Tuesday conducted two Variable Rate Reverse Repo (VRRR) auctionsfor 6 lakh crore and 4 lakh crore
We are open to using homegrown AI models: Mahesh Ramamoorthy, Chief Information Officer at YES Bank
Ramamoorthy outlined how localised AI solutions could enhance operational efficiency and mitigate tech debt
Rupee at 2-month high on FCNR (B) deposit inflows, RBI intervention
The rupee is on a winning streak, locking in its third straight day of gains and outperforming its Asian peers, thanks to a stellar domestic growth numbers
Ujjivan SFB MD & CEO exit, Kotak succession race gains momentum amid banking sector leadership churn
Strong internal candidates are mostly going to be considered for these roles
Shriram Finance eyes lending to Japanese supplier ecosystem after MUFG investment
Executive V-C Umesh Revankar expects gold loans, new vehicle financing to drive the NBFCs next growth phase
InsuranceDekho, RenewBuy group announce merger
Together, the two platforms have already facilitated the issuance of over two crore insurance policies since inception as of March 31, 2026
LIC launches two new plans: LICs Bima Platinum and LICs Jeevan Raksha; Check details
New LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's Bima Platinum focuses on providing savings alongside financial protection, featuring guaranteed additions. On the other hand, Jeevan Raksha offers essential risk coverage for families facing unexpected death.
IRDAI proposes public insurance registry to boost transparency, reshape insurance service
The PIR is expected to reduce information gaps and foster greater competition, allowing insurers and other market participants to compete through innovative products, competitive pricing, better services and improved customer experience
Digital lending platform Fibe to raise 750 cr
Fibe plans to further integrate AI across customer engagement, risk assessment, credit decisioning, portfolio management and employee productivity
Five small-cap mutual funds recorded Sharpe ratios above 0.75, indicating strong risk-adjusted performance. Bandhan Small Cap Fund led with a ratio of 1, followed by ITI, Invesco India, Mahindra Manulife and Bank of India Small Cap Fund.
September Bank Holidays 2026: Check full list of dates & closures
Bank branches will observe multiple closures in September, with the holiday schedule varying from state to state based on regional festivals and local observances
NPS subscribers will experience significant changes in pension fund categorization and presentation. A new framework standardizes scheme selection, offering five broad categories for subscribers. Lifecycle schemes will be sub-categorized, while MSF schemes will have five distinct equity exposure levels. The pension body also mandates a new procedure for comparing charges, returns, and risk. This initiative aims to enhance subscriber decision-making regarding their pension investments.
Mr Purshotam Ranchhodbhai Pankhania and his late wife living in London trusted their friend and gave him the POA to manage their India property; friend broke trust, grabs it and gifts the property to his son and daughter-in-law; Gujarat HC declares the gift deed void and gives owner relief. Know how Mr Purshotam Ranchhodbhai Pankhania won the case.
Salaried employees who want to opt for EPF scheme but could not due to issue with employer can now do so by October 31, 2026 if these conditions are satisfied. Read the article to know more.
Samir Arora backed Helios Mutual Fund crosses Rs 15,000 crore AUM in 3 years, grows 200% in 1 year
Samir Arora-backed Helios Mutual Funds AUM crossed Rs 15,000 crore in August 2026, growing 200% year-on-year. Equity schemes account for over 95% of assets, reflecting strong investor confidence despite volatile markets and the fund houses expanding distribution network across India.
EPF calculator: How many years to build 2.23 crore from a 50,000 basic salary?
An employee earning Rs 50,000 as monthly basic salary can build a substantial retirement corpus through regular EPF contributions and compound interest.
Bank of India Credit Risk among top 5 mutual funds that beat fixed deposits in 1 year
Five debt mutual funds delivered higher one-year returns than conventional fixed deposits, led by Bank of India Credit Risk Fund with a 17.68% return. Aditya Birla Sun Life Credit Risk Fund, DSP Credit Risk Fund, Aditya Birla Sun Life Medium Term Plan and Bandhan Gilt Fund also featured among the top performers.
Bankers in the running for CEO job at HDFC Bank
While an internal candidate could ensure continuity, appointment of an external candidate would throw up cultural and integration challenges, an analyst said
Missed August 31 ITR deadline? Know what ITR 3 and ITR 4 filers can do now
ITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not file on time have until December 31, 2026, to submit a belated ITR, incurring possible late fees. Notably, failing to meet this deadline also prevents taxpayers from opting out of the new tax regime, with business income earners unable to revert to the old regime post-deadline.
8th Pay Commission news: The Department of Personnel and Training is advocating for revisions to the Terms of Reference for the 8th Pay Commission. Employee associations are urging the inclusion of pension revisions for those who retired before January 1, 2026. Historically, previous pay commissionsnamely the 7th, 6th, 5th, and 4thhave had their Terms of Reference modified by the government to address various concerns, including extended coverage and scope.
SBI Gold among 5 equity mutual funds that deliver over 25% CAGR in 3 years; top 4 cross 35%
Today's gold rate: On September 1, 2026, gold prices dipped slightly in major Indian cities, with notable jewelry chains like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas maintaining stable rates for 22k gold. Furthermore, the India Bullion and Jewellers Association released updated pricing for numerous gold purities. Alongside, silver also observed a decrease compared to the previous day's close, reflecting current market trends.
Every equity mutual fund delivers positive XIRR on SIPs in 5 years. Did you exit too soon?
All 219 equity mutual funds delivered positive SIP XIRRs over the last five years, with 165 funds generating double-digit returns. HSBC Midcap Fund topped the list with a 22.70% XIRR, while ITI Small Cap Fund and Bandhan Small Cap Fund followed closely. The analysis highlights how disciplined SIP investing can compound wealth over time.
India preparing rollout of agentic payments on UPI
Protocol may debut next week at Mumbais Global Fintech Fest, sources say
NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's important to note that any income generated from these gifted amounts will be taxable for the NRI donor. The HUF must diligently keep records of all transactions as this documentation is essential in proving the legitimacy and source of the gift, ensuring NRIs avoid potential tax disputes in the future.
Will I inherit my familys land in India if I become an NRI?
ET Wealth Reader's Query: I would like to understand what happens to my rights over inherited agricultural land in India if I acquire foreign citizenship. Will I still be able to inherit my familys agricultural land, and are there any restrictions on holding, transferring, or disposing of such property after becoming a foreign citizen?
UPI transactions hit record 24.51 billion in August, value nears 30 lakh crore
Festival activity and rising digital payment adoption supported transaction growth, with UPI volume increasing sharply from the previous month.
Frustrated with repeated water leakage issue in top floor flat homeowner requested building to appoint Dr Fixit and Asian paints to fix it; Karnataka RERA directs builder to permanently fix defects at its own cost. Read the article to know how the homebuyer partly won the case.
Central government employees may receive arrears from January 1, 2026, after the 7th Pay Commission's term ended on December 31, 2025. But the eventual arrears could depend on when the 8th Pay Commission is implemented.
The estimated dearness allowance for central government employees has soared to 64%, driven by the July 2026 AICPI-IW reading of 153.2. This index, compiled monthly by the Labour Bureau from retail price data across India, leads to a biannual revision of DA in January and June. Final details regarding the salary increase will be revealed following the government's official announcement.
Largecap mutual funds trail mid and smallcaps in 2026. Should investors change strategy?
Despite large-cap mutual funds showing a decline this year, mid and small-cap funds have proven to be winners. Experts advise investors to rebalance their portfolios by taking profits from the outperformers. Now is the time to reconsider allocations, as large caps provide better valuation and protective measures. Flexi-cap funds are suggested as a strategic option for a broader range of investors.
10 documents and details your family needs before its too late in events of sickness or death
Best mutual fund SIP portfolios to invest in September 2026
ETMutualFundslaunched its recommended mutual fund portfolios to invest through SIPs in October 2016. Since then, we have been closely monitoring the schemes in these portfolios and coming up with updates on them regularly.
Metal stocks Q1 performance check: 4 beat estimates, 2 missed; Motilal Oswal breaks down the reason
Wife escaped income tax notice as she proved in ITAT that her husband entirely paid for their joint property which was sold for Rs 14 lakh less price than market value. Read the article to know why the wife won the case in ITAT Kolkata.
HDFC Bank MD & CEO exit puts succession, growth back in focus
Brokerages retain bullish calls on the stock but say the next chief executive must provide a credible leadership reset and a clear path to revive growth and margins
25% of my familys money is invested in India: Sanlam Investments CEO Carl Roothman
After wealth management and AMC, Sanlam is in talks to invest in Way2Wealth Brokers to expand its broking footprint in India
Bank credit growth accelerates, deposits stay strong in June 2026
Credit growth was broad-based across sectors and borrower categories
HDFC Securities, Le Rythme train 100 youth in AI and cybersecurity
The four-month programme seeks to bridge the digital skills gap and help economically disadvantaged youth achieve financial independence and dignity
Fresh lending and deposit rates ease in July; MCLR inches up
The data also show that banks have begun to trim rates offered on fresh deposits
Banking system surplus liquidity surges to 5.05 lakh crore in August
Banks received additional rupee liquidity from foreign currency inflows and government expenditure, while the RBI continued absorbing excess funds
UPI reaches Uzbekistan; becomes 11th country to accept payment through platform
UPI is currently accepted in 10 countries -- Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, Cambodia and Greece
ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file return
ITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3 and ITR-4 forms. More than seven crore income tax returns have already been filed. Individuals and HUFs with presumptive business income use ITR-4. Partners of non-audit firms also have this August 31 filing requirement.
Dubai based homebuyers books two flats in Mumbai from Dubai office in Sheikh Zayed Road of Sion, Mumbai based builder; but builder delays possession; homebuyers cancels booking; MahaREAT orders Rs 1.33 crore interest compensation plus full refund. Read the article to know how the homebuyer won the case.
Kotak Mahindra Bank recommends two internal candidates for CEO, sources say
The bank has submitted the names of executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India for approval
8th Pay Commission salary calculator: Can Level 4-7 employees get up to Rs 14.10 lakh in arrears?
8th Pay Commission news: Central government employees receive arrears on basic pay after pay commission implementation delays. Dearness allowance and house rent allowance are not typically paid as arrears. Transport allowance also does not accrue arrears due to its fixed nature. Estimates show significant arrears for Level 4-7 employees at various fitment factors. Actual arrears will be confirmed after the government officially notifies the new rates.
7 aspects to look out for while filing ITR-3
Redeveloping your housing society? 5 checks before choosing a builder
Ageing housing societies can unlock significant value through redevelopment, but title, approvals, member rights, costs and delays need careful scrutiny first
How long will Rs 15,000 SIP and Rs 1 lakh lumpsum take to become Rs 3 crore? Check calculations
How long will it take to build a Rs 3 crore corpus with a Rs 15,000 monthly SIP? Using a 12% assumed annual return and a Rs 1 lakh lump-sum investment, the target could take around 25 years and 10 months to reach, according to the Value Research calculator.
Indian firms turn to longer-term debt amid strong demand as yield gap narrows
Four state-run companies have raised 12,000 crore ($1.26 billion) through bonds maturing in 10 years or more over the past four days
Piramal Finance to raise 3,850 crore through QIP, promoter infusion
The fundraising drew strong interest from domestic mutual funds and global institutions, including BlackRock, Goldman Sachs Asset Management and Eastspring Investments
Bank of Baroda to recruit 2,482 officers fluent in local language across 20 states
The recruitment drive comes amid concerns over communication barriers between bank staff and customers and follows a recent government advisory on language sensitivity
Planning to invest in largecap mutual funds for 3 years? Check 5 top performers with up to 15% gains
Five large-cap mutual funds delivered annualised returns of 13.6% to 15% over the last three years, according to ET Wealth data as of August 26, 2026. Taurus Large Cap Fund topped the list with a 15% return, followed by Quant Large Cap Fund and Invesco India Largecap Fund. Meanwhile, five laggards posted single-digit gains ranging from 7.7% to 8.9%.
NFOAlert: Bank of IndiaMutualFundannounceslaunch of valuefund
Bank of India Mutual Fund has launched the Bank of India Value Fund, an open-ended equity scheme that follows a value investment strategy. The NFO is open from August 28 to September 11, 2026, and will invest predominantly in equity and equity-related instruments across market capitalisations.
HDFC Bank CEO search: Lender looks to hire headhunter
New CEO is likely to be tasked with shoring up investor confidence at HDFC Bank, whose shares have fallen 28% this year
During an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and calls it unexplained cash; he wins case in ITAT Mumbai. Read the article to know how.
Around 19 equity mutual funds delivered over 20% returns on lumpsum investments over the last one year, according to an ETMutualFunds analysis. Small-cap funds dominated the list, with TRUSTMF Small Cap Fund topping the chart with a 33.73% return. Invesco India Smallcap Fund also featured among the top performers, delivering a 20.39% return during the period.
Groww AMC announces closure of State Street Investment Managements strategic investment
Groww AMC has completed State Street Investment Managements strategic investment after receiving all necessary regulatory approvals. State Street now holds a 4.85% voting interest and 23% economic interest in Groww AMC, with the partnership set to strengthen its capabilities across ETFs, indexing, systematic investing and global market access.
Transformers and Rectifiers shares rallied on Monday after the company secured a large order from MEIL for manufacturing transformers and related work. Valued at Rs 100 crore to Rs 500 crore, excluding GST, the order is scheduled for execution over 35 months and is expected to strengthen the companys order pipeline.
Insta live: Subhash Chandra claims dues as personal guarantor resolved in insolvency case
Drawing a difference between borrowers and guarantors, Chandra said he has not borrowed any money himself.
Gold, silver ETFs crash up to 8% as US Fed rate hike expectations climb. What should investors do?
Gold and silver ETFs fell sharply on Monday, with some funds declining up to 8% as precious metal prices extended their losses. Rising expectations of a US Fed rate hike, profit booking and a stronger dollar weighed on sentiment. Experts advised investors against panic selling and suggested rebalancing or staggered buying.
Starting on October 1, 2026, new charges will be introduced for the National Pension System. All subscribers are required to pay a one-time onboarding fee of Rs 200 to register for PRAN. Additionally, active schemes will incur an annual fee of 0.20% of Assets Under Management (AUM). However, those opting for digital onboarding will benefit from a reduced charge of Rs 100.
Top 5 equity mutual funds gain over 10% in August, international funds dominate. Time to go global?
In August, multiple international equity mutual funds posted impressive returns surpassing ten percent, with the Nippon India Taiwan Equity Fund and DSP World Gold Mining Overseas Equity Omni FoF leading the pack. Analysts attribute these robust performances to fluctuations in overseas markets and currency values. It's essential to remember that a single month's performance may not signify an overarching trend.
Central government pensioners can commute up to 40% of basic pension as a lump sum at retirement. The commuted portion is then deducted from monthly pension and restored after 15 years. Several employee and pensioner organisations want this period reduced to 1012 years.
Smallcap profits surged 3x faster than largecaps? The risk investors cant ignore
Best dynamic bond funds to invest in August 2026
If you are planning to invest for three to five years, but dont want to take a call on interest rates, you can bet on dynamic bond funds
SBI Life Share Price Live Updates: SBI Life's Current Market Position
Coal India Share Price Live Updates: Coal India Current Market Performance
SBI Share Price Live Updates: SBI Stock Details
India boosts efforts to drain surplus cash as dollar flows swell
The latest move marks a shift towards larger and longer-tenor operations as the RBI seeks to absorb liquidity generated by its measures to attract foreign inflows to shore up the rupee
ITC Share Price Live Updates: ITC Stock Details
Surge in dollar influx prompts Federal Reserve to reduce short-term rates
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments.
Is a long-term fund an equity or debt fund? What mutual fund investors should know
Sebi's recent mutual fund category renaming has created potential investor confusion. Long Duration Funds are now Long Term Funds, which are debt-based. This change may mislead investors seeking equity for long-term goals. Fund houses must now align scheme names with modified category designations. The regulator aims to standardize names and reduce scheme duplication across the industry.
These target-date funds simplify goal-based investing and defer taxes, though the one-size-fits-all approach may not suit everyone.
SWIFT system: How international money transfers work
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 116th part of this series, Riju Mehta explains how this system helps in overseas money transactions.
Portfolios with higher gold allocations lead in 2026
In this weeks TrendMap, ET Wealth compares seven asset baskets. Portfolios with gold have delivered a notable return boost in recent years, while those with no gold exposure have lagged. For better portfolio outcomes, investors should avoid being swayed by the performance of any single asset class. Experts recommend diversification through prudent asset allocation. What then is the best combination? The answer will vary, as every investors ideal asset allocation is different. By Sameer Bhardwaj.
Is your work experience still an asset?
Know which side of the ledger your decade sits on, says Devashish Chakravarty.
F&O tax rules every derivatives trader should know
Understand F&O taxation, deductible expenses, loss set-off and carry-forward, and audit rules.
Lifecycle funds: Right match for your goals?
These target-date funds simplify goal-based investing and defer taxes, though the one-size-fits-all approach may not suit everyone.
Finance Act 2026: The updated returns refund trap
The Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a reported loss and the corrected return remained a loss return. The amendment now permits such loss reduction updated returns retrospectively from 1 March 2026.
Is a long-term fund an equity or debt fund?
Sebi's recent mutual fund category renaming has created potential investor confusion. Long Duration Funds are now Long Term Funds, which are debt-based. This change may mislead investors seeking equity for long-term goals. Fund houses must now align scheme names with modified category designations. The regulator aims to standardize names and reduce scheme duplication across the industry.
Pregnancy clause that can derail your health claims
Without maternity cover, pregnancy-related complications arent covered, but disputes can arise over whether the exclusion extends to unrelated ailments.
Buying a house in a big gated society? 4 key checks
Water shortages, elevator breakdowns and rising maintenance billsthe reality of what happens after you move into a mega gated society.
Block, bulk deals hit 14-month high in August at Rs 80,000 crore
Block and bulk trades worth at least 80,000 crore were executed during the month - the highest since June 2025. Domestic mutual funds, insurance companies, pension funds, and a clutch of foreign institutions lapped up the increased supply of shares in the market.
Subhash Chandra raises questions over HDFC claims; seeks reconciliation of 4,262 crore dues
Chandras statement came in response to social media posts over the weekend carrying hashtags such as #PaiseVapasKaro
Indian Bank to add 100 branches, increase headcount by 2,500 in FY27
Indian Bank had 6,003 domestic branches and three overseas ones - Singapore, Colombo and Jaffna - and an IFSC Banking Unit at Gandhinagar as of June 30, 2026
Exclusive-Indias HDFC Bank weighing deputy MD Bharucha, outsider for CEO, sources say
INDIA-HDFC-BANK-CEO:Exclusive-India's HDFC Bank weighing deputy MD Bharucha, outsider for CEO, sources say
Mutual fund NFOs: 3 new funds will open for subscription this week
Three new passive mutual funds are set to open for subscription this week, including two index funds and one ETF. UTI Mutual Fund will launch two BSE India Sector Leaders funds, while Navi Mutual Fund will introduce a Nifty REITs & Realty Index Fund. Investors should evaluate these new fund offers based on their risk appetite, investment horizon and financial goals.
