Finance News

Are financial risks now building?

Financial transactions and risks may be expanding faster than the regulatory perimeter designed to oversee them

CreditAccess Grameen raises $175 million via syndicated social loan

The microfinance lender secured funding from 10 financial institutions across Asia, the Middle East and Africa to diversify borrowing sources and optimise funding costs.

PhysicsWallah sells ₹95.8 cr loan portfolio, partially shuts lending ops

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

Interest rates on small savings schemes remains unchanged for Oct-Dec

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

I-T dept extends corporate tax audit, ITR filing deadlines by three weeks

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

Avoid paying a steep premium for foreign ETFs; explore other options

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

Credit card spends growth slows to 5.5% in August; SBI Cards share dips

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.

The overlooked part of estate planning: Choosing your spouse's adviser

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

Can banks recover loans from life insurance payouts? Allahabad HC weighs in

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

'No question of rethinking 0.4% UPI MDR above ₹2,000': Govt official

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

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

Too many IPOs? How to separate quality from hype during a listing frenzy

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.

India built the fastest money on earth. Now one of its own is coming home with the system to run it.

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

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

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

RBI FX forward book hits record $136.7 billion on surging overseas deposits

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.

Financial changes from September 1: ITR, LPG e-KYC, fuel prices and more

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

DFS urges RRBs to sustain performance, strengthen credit flow to last-mile

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

Undisclosed foreign assets? How FAST-DS 2026 declaration can help taxpayers

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

FPIs pile into financials, extend IT buying in first half of August

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

Money talks: How brands, leaders, destinations are monetising storytelling

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