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Bank independent directors under lens after IndusInd Bank governance crisis

The broader implication is a likely tightening of supervisory frameworks across India’s banking sector, with expectations for IDs to demonstrate sharper vigilance, stronger risk awareness, and deeper engagement in boardroom discussions.

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India inflation to average 4% this fiscal, one more RBI rate cut likely: Crisil

Given the current inflation trajectory, headline inflation is projected to average 4 per cent this fiscal (FY26), from 4.6 per cent last fiscal, a Crisil report said on Friday.

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RBI’s breather on gold loans to spur growth in NBFCs: Report

The increase in the loan-to-value (LTV) ceiling provided in the RBI’s final directions on gold loans will support the growth of non-banking financial companies (NBFCs) offering them, according to a Crisil report released on Friday.

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Rayzon Solar to file draft papers for Rs 1,500-cr IPO

Rayzon Solar Ltd, a Surat-based solar panel manufacturer, is preparing to file draft papers with SEBI by the end of this month for an IPO of approximately ₹1,500 crore.

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NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP

The National Company Law Tribunal has initiated insolvency proceedings against Gensol Engineering and Gensol EV Lease following petitions by the Indian Renewable Energy Development Agency due to defaults of ₹510 crore and ₹218.95 crore, respectively. An interim resolution professional has…

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India’s forex reserves surge by $5.17 bn to reach $696.6 bn

India’s foreign exchange reserves surged by $5.17 billion to $696.66 billion for the week ended June 6, data released by the RBI on Friday showed.

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SBI employees to go on a 2-day strike on May 25,26: Check their 16 key demands
State Bank of India employees plan a two-day strike on May 25-26, 2026, to demand better working conditions and job security. The All India State Bank of India Staff Federation cites administrative neglect and anti-employee policies as reasons for the protest.
Income-tax returns: Form 121 replaces Form 15G, 15H — Who is eligible, where to download and how to avoid TDS, explained
The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, as part of the government's move to streamline and simplify India's tax codes.
Tenant rights in India: How much of security deposit can be legally deducted by your landlord?
Security deposit rules in India, guided by the Model Tenancy Act, 2021, vary by state and dictate how much landlords can collect and under what conditions deductions may occur. Details here.
₹100 crore retirement fund ‘a math scam’, ₹2-3 crore ‘strong number, stop taking advice from influencers’, warns CA
CA Kaushik believes that ordinary investors should not take advice from influencers who push for ₹100 crore retirement fund, calling it a ‘mathematical impossibility’ and ‘math scam’. He feels that ₹2-3 crore or even up to ₹5 crore are ‘strong, realistic numbers’.
I asked ChatGPT to plan my daughter’s Harvard education: AI suggests mutual funds, dollar assets, gives yearly cash flow
ChatGPT recommends planning for global education beyond Harvard. It outlines significant costs for a master's degree, estimating up to ₹7.22 crore for two years. It suggests diversifying investments and emphasizes the importance of academic preparation and scholarship opportunities.
Buy Now Pay Later: Here's how BNPL works, who is eligible and how it impacts your credit score
Buy Now Pay Later (BNPL) is a short-term financing option allowing customers to buy items and pay in installments. Here's all you need to know about how it works, who is eligible and how it impacts your credit score…
Rupee at record low: What it means for your personal finances, foreign travel, imports and markets — explained
The rupee fell to a record low against the US dollar on 5 May 2026 due to rising US-Iran tensions and soaring crude oil prices. This could impact India's economy as well as household spending. Details here.
Income-tax returns: Investment proof, PAN Card — Here's a checklist of required documents for smooth ITR filing process
Filing income tax returns can be a tough task for salaried individuals and first-time ITR filers alike. To make the process smoother and hassle-free, here's a checklist of essential documents you'll need, including Form 16, your PAN Card, and proofs of investment.
EPF vs PPF: Key differences, rules, tax benefits and returns explained
EPF and PPF are key long-term savings instruments in India. While EPF is for salaried employees, PPF is open to all. Both offer tax benefits and fixed interest rates, but differ in eligibility, contributions, and withdrawal rules.
Dearness Allowance: What are the types of DA and how often are they revised? We answer top FAQs
Dearness Allowance is of two types, one which is revised quarterly based on CPI, and the other revised semi-annually. Both these aim to mitigate inflation effects for households of central government employees.