Finance News

The sale to Auxilo Finserve forms part of a strategic realignment under which PhysicsWallah plans to shift lending activities to established third-party NBFCs

As per the notification, deposits under the Sukanya Samriddhi Scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent during Q3

The Income Tax Department on Monday extended by 21 days the due date for ITR filing and submission of audit report by corporates for assessment year 2026-27. Accordingly, corporates will now have to file income tax return for AY'27 by November 21, instead of October 31. Similarly, the due date for tax audit report submission has been extended from September 30 to October 21. In a statement, the Central Board of Direct Taxes (CBDT) said the due dates for both the compliances have been extended. Tax practitioners have been demanding an extension of the corporate statutory audit report and ITR filing deadline from September 30 citing compressed audit window following the August 31 deadline for filing ITR in non-audit cases. Nangia & Co LLP Senior Partner Amit Agarwal, said the extension shows that the CBDT has taken cognisance of the genuine challenges being faced by taxpayers and tax professionals during the current compliance cycle. "The additional 21 days will provide much-needed

Compare the traded price with NAV and weigh taxes and costs before selling or choosing another route; industry limits on overseas investments restrict fund houses' ability to create fresh units

Industry credit card spending growth eased to 5.5 per cent in August from 7.1 per cent in July, while SBI Cards' share of spends fell to 17.5 per cent.

Leaving assets and investment records is not enough; investors should identify trusted Sebi-registered advisers in advance so their spouse is not pushed towards unsuitable products after their death

Allahabad HC asked SBI to refund ₹17.29 lakh deducted from a widow's account to recover her deceased husband's loan, saying the bank was prima facie not entitled to recover it from insurance proceeds

The government has said the MDR will apply within the merchant payment ecosystem and will not be charged to consumers

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

Read the RHP, compare valuations and do not chase grey market premiums or listing gains. Investors should check whether the fundraise is for business purposes or for existing shareholders.

Close to half the world's real-time payments. The largest under-30 population in history. And money advice older than the phone it lives on. Aashika Balaji (Ash Bala) - SRCC to a $5-billion+ desk - la

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

Through July 31, FCNR(B) deposits had accounted for $36.7 billion of the total $40.8 billion in foreign exchange inflows mobilised under the measures.

From tax filing to LPG verification and fuel prices, these deadlines and changes could affect your household budget

Department of Financial Services DFS Secretary Sanjay Lohiya on Tuesday urged Regional Rural Banks (RRBs) to sustain good financial performance and further strengthen credit flow to the last mile. The net profit of RRBs increased to an all-time high of Rs 10,176 crore in 2025-26 against Rs 6,820 crore in FY25, a jump of 49 per cent. Both gross non-performing assets (GNPA) and net non-performing assets have reached all-time lows of 5.3 per cent and 2.1 per cent, respectively, the finance ministry said in a statement. Reviewing the financial performance here, Lohiya appreciated the commendable performance of all RRBs during 2025-26. At present, 28 RRBs are operating through 22,273 branches across 26 states and 3 Union Territories, covering about 700 districts. The total business of all 28 RRBs has crossed Rs 13.5 lakh crore, surpassing the business level of a few individual public sector banks (PSBs) in FY26. RRBs also continue to achieve all targets and sub-targets prescribed unde

The one-time scheme lets eligible taxpayers regularise certain past non-disclosures by paying a prescribed tax or fee and seeking immunity under the Black Money Act

Financial services drew Rs 6,535 crore in FPI inflows between August 1 and 15, while IT stocks attracted another Rs 2,530 crore after strong buying in July

From hotels and coffee brands to CEOs, entrepreneurs and even policymakers, stories are being used to sell, persuade and build value and consensus. Now, storytelling itself is becoming a big business

RBI Governor Sanjay Malhotra preferred to wait for greater certainty on the inflation trajectory, as he and other members of the MPC voted to maintain the existing interest rate earlier this month, according to minutes of the meeting of the rate-setting panel released on Wednesday. The Governor-headed six-member Monetary Policy Committee (MPC) decided to keep the benchmark policy rate (repo) unchanged for a fourth consecutive time, opting to wait for greater clarity on whether higher energy costs triggered by the US-Iran conflict feed into broader inflationary pressures. Despite the conflict in West Asia disrupting supply chains, heightened uncertainty, and an erratic monsoon so far, the Indian economy has performed better than expected in Q1:2026-27, the Governor said as per the minutes. Monetary response to a supply-side shock is warranted when there are signs of it leading to a generalisation of inflation, de-anchoring of inflation expectations or persistent inflation. While risk

Domestic donations to the PM CARES Fund fell by 30 per cent to nearly Rs 479 crore during the fiscal year 2024-2025 while foreign donations also declined by 18 per cent to Rs 92.8 lakh, according to its latest audit report. The total balance in PM CARES Fund stood at Rs 8,452 crore as on March 31, 2025, up from Rs 7,173 crore a year ago. Of this, Rs 7,846 crore was parked in fixed deposits and Rs 605 crore in savings bank accounts, the report said. The domestic donations received by the PM CARES in fiscal year 2023-24 stood at Rs 681.8 crore, while it had got foreign donations totalling Rs 1.13 crore. The fund spent Rs 87.8 lakh on PM CARES for Children Scheme during 2024-25, sharply down from Rs 15.37 crore in the previous year. Total payments made during the year 2024-25 was Rs 87.85 lakh, as against Rs 15.6 crore in the previous fiscal. A study of the audited statements on the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund website shows