For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, in ...More

For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying. ...Less

India’s credit card market crossed 120 million active cards in May, driven by strong new additions even a ...More

India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore. ...Less

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A freelance translator uses 21 credit cards as a financial tool, saving Rs 50,000-55,000 annually by opti ...More

A freelance translator uses 21 credit cards as a financial tool, saving Rs 50,000-55,000 annually by optimizing spending. Through meticulous planning, strategic card selection, and disciplined management, he avoids fees and interest, transforming credit cards from a borrowing facility into a cost-saving instrument. ...Less

Travellers should also remember that loyalty program transfers are generally irreversible. Before moving ...More

Travellers should also remember that loyalty program transfers are generally irreversible. Before moving points to an airline or a hotel program, it is advisable to confirm award availability and understand the redemption rules. Airline miles can also expire or lose value over time if loyalty programs change their award charts. Besides, there are taxes and fuel surcharges, which could be expensive. ...Less

Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines ...More

Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines, while Aadhaar card holders can update their email for free. SBI and HDFC credit card users will see changes in reward points and lounge access eligibility. Passport fees are set to rise, and banks will face stricter rules against mis-selling financial products, ensuring customer refunds and compensation. ...Less

July 2026 ushers in significant financial shifts for Indians. Expect revised credit card benefits, increa ...More

July 2026 ushers in significant financial shifts for Indians. Expect revised credit card benefits, increased passport fees, and stricter railway penalties. Aadhaar email updates become free for a period, while new RBI rules aim to curb financial product mis-selling. Car prices are also set to rise, and taxpayers face approaching ITR deadlines. These changes will impact household budgets and require careful financial planning. ...Less

India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in ...More

India's credit card sector has surpassed 12 crore cards, with new additions surging 33.7% year-on-year in May 2026. Despite robust cardholder growth, spending saw a modest 6.3% increase. SBI Cards led in new card issuance, while ICICI Bank and HDFC Bank also showed strong performance. This indicates a steady expansion of the cardholder base alongside moderating spending intensity. ...Less

The Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions f ...More

The Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repayments. Effective January, new directions aim to streamline credit support for agriculture and allied activities. Banks must waive collateral for loans up to Rs 2 lakh, with exceptions for voluntary gold/silver pledges. For loans exceeding Rs 2 lakh, banks will set collateral based on their policy. ...Less

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of ...More

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and WeChat Pay, keeping ownership and strategic control within Chinese companies. ...Less

Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in Ind ...More

Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in India, supporting everything from payments and credit to payroll and future planning, according to DBS Bank India's latest Women and Finance study. The report saID sustaining this momentum will require "going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey." ...Less

Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in Ind ...More

Digital tools are becoming "increasingly integral to business management" for female entrepreneurs in India, supporting everything from payments and credit to payroll and future planning, according to DBS Bank India's latest Women and Finance study. The report saID sustaining this momentum will require "going beyond traditional banking to create connected ecosystems that help entrepreneurs at every stage of their business journey." ...Less

Victims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from ban ...More

Victims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The RBI will fund 65% of this, with banks contributing the rest. Sole proprietors are now covered, and cross-border frauds are included. Reporting within five days to the cybercrime portal and bank is crucial for eligibility. ...Less

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Kunal Shah, the brainchild behind CRED, is set to lead WhatsApp globally following Meta's substantial $90 ...More

Kunal Shah, the brainchild behind CRED, is set to lead WhatsApp globally following Meta's substantial $900 investment. Known for scaling CRED and previously selling FreeCharge for ₹2,800 crore, Kunal Shah's journey from humble beginnings to a fintech titan is remarkable. He will transition from CRED's CEO to Meta's global leadership, marking a significant chapter in his influential career. ...Less

Meta, owner of WhatsApp, is exploring ways to monetize its massive Indian user base. A potential minority ...More

Meta, owner of WhatsApp, is exploring ways to monetize its massive Indian user base. A potential minority stake in fintech startup Cred, led by Kunal Shah, could offer valuable expertise in driving higher-value transactions and improving relations with the Indian government. While this move could boost WhatsApp's market share in India, replicating its success globally faces challenges due to UPI's unique, free model and regulatory concerns about foreign competition. ...Less

The Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including ...More

The Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move closes a regulatory loophole allowing banks to offer lighter treatment to UPI-linked credit. Now, the nature of the credit, not the technology, dictates capital adequacy and provisioning, ensuring consistent regulation across all credit products. ...Less

Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messag ...More

Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messaging giant, WhatsApp. Shah, who previously overcame family bankruptcy by working odd jobs, will transition from his operational role at CRED, where he built a 17-million-member platform. He believes WhatsApp holds immense untapped potential, signaling a significant move for the seasoned entrepreneur. ...Less

Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers ...More

Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India's credit card bills. While Meta's interest raises data control questions, Shah faces the challenge of creating a fair commercial portal. His next task is to expand Cred beyond its niche user base to serve the broader Indian middle class, a significant shift from his initial strategy. ...Less

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. T ...More

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company. ...Less

The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are ...More

The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation mechanism for small-value frauds. Eligible victims can receive up to 85% of their losses, subject to a cap of ₹25,000. The rules take effect from January 1, 2027. ...Less

Dubai is revolutionizing its rental system with the 'Flexi Rent' program, allowing tenants to pay rent in ...More

Dubai is revolutionizing its rental system with the 'Flexi Rent' program, allowing tenants to pay rent in monthly, quarterly, or semi-annual installments, moving away from the traditional cheque-based model. This initiative, backed by digital payment integration and partnerships with major real estate firms, aims to modernize the market and cater to evolving tenant needs. Landlords can offer flexible payment schedules and potential incentives, making renting more accessible. ...Less

Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significan ...More

Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significant appointment, coupled with Meta's substantial investment in CRED, underscores Shah's remarkable entrepreneurial journey. From his early ventures to building a fintech unicorn, Shah's influence in the startup world continues to grow, now extending to a global tech giant. ...Less

Shopify is poised to ban all vape sales from its platform this week, responding to pressure from U.S. sta ...More

Shopify is poised to ban all vape sales from its platform this week, responding to pressure from U.S. state attorneys general. This move targets the booming market for illegal e-cigarettes, which lack required licenses and pose public health risks. The ban, expected to impact online sales significantly, aims to curb the proliferation of unlicensed vapes, a market worth billions. ...Less

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp si ...More

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce, and business services. ...Less

India's financial landscape is rapidly digitizing, with smartphones becoming central to everyday money ma ...More

India's financial landscape is rapidly digitizing, with smartphones becoming central to everyday money management. Once separate, banking and investment activities now converge on single platforms, making financial planning more accessible. This shift, driven by convenience and proximity, empowers millions entering formal finance to make informed decisions, transforming income into resilience and savings into wealth. The smartphone is emerging as a key guide in this evolution. ...Less

India's equity markets are poised for a strong performance as falling commodity prices and easing supply ...More

India's equity markets are poised for a strong performance as falling commodity prices and easing supply chain issues are set to boost corporate earnings. Deepak Shenoy of Capitalmind Mutual Fund anticipates improved margins and sales volumes for businesses. While risks like monsoon vagaries and global inflation persist, the medium-term economic outlook remains robust, with asset-heavy sectors expected to lead market growth. ...Less

During the second half of FY26, PayU India also exited certain "negative margin portfolios", impacting it ...More

During the second half of FY26, PayU India also exited certain "negative margin portfolios", impacting its sequential revenue growth. In the October-March, the fintech company reported revenue of $384 million, down from $395 million in six months ending September 30, 2025. ...Less

In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decide ...More

In a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 2026, opting not to pursue reappointment for personal reasons. The bank, recognized as India's fourth-largest private lender, is now actively seeking a new leader to chart its path ahead. This transition will undoubtedly redefine the bank's direction as it enters a new era. ...Less

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on pickin ...More

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s ideas about the future of the app left an immediate impression. ...Less

The government is enhancing financial safety nets for rural families. This initiative aims to cushion the ...More

The government is enhancing financial safety nets for rural families. This initiative aims to cushion the impact of El Nino on farming. Efforts include improving loan access, expanding crop insurance, and speeding up claim payouts. Technology like satellite data will be utilized. The Pradhan Mantri Fasal Bima Yojana is also under review for broader coverage. ...Less

Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Sa ...More

Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent. ...Less

Kunal Shah, the visionary behind CRED and FreeCharge, has been appointed global head of WhatsApp at Meta. ...More

Kunal Shah, the visionary behind CRED and FreeCharge, has been appointed global head of WhatsApp at Meta. His remarkable ascent, despite lacking traditional elite degrees, highlights a significant gap in Indian hiring practices. Startup founder Riya Upreti points out that many companies prioritize academic credentials over demonstrable skills, potentially overlooking future leaders like Shah. His journey underscores that entrepreneurial success often transcends conventional educational backgrounds. ...Less

Lalitha Nataraj, chief executive officer of NPCI BHIM Services Ltd (NBSL), said the company is targeting ...More

Lalitha Nataraj, chief executive officer of NPCI BHIM Services Ltd (NBSL), said the company is targeting largely untapped user segments and use cases, especially in tier 2, 3 and 4 markets, that could help bring millions of new users onto the digital payments platform. ...Less

Visa Mastercard swipe fee settlement explained: A major legal battle over credit card swipe fees has adva ...More

Visa Mastercard swipe fee settlement explained: A major legal battle over credit card swipe fees has advanced. A US district judge has given preliminary approval to a $38 billion settlement involving Visa and Mastercard. This agreement aims to reduce processing fees for merchants. The settlement could also impact rewards cards and allow merchants to pass costs to customers. ...Less

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not m ...More

PhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions through the PhonePe Wallet in the past 365 days. The charge supports platform improvements. Users receive multiple notifications before the fee is deducted. A single wallet transaction reactivates the account and avoids the charge. ...Less

A high salary doesn't guarantee wealth; your savings rate is the true indicator of financial success. CA ...More

A high salary doesn't guarantee wealth; your savings rate is the true indicator of financial success. CA Nitin Kaushik emphasizes that if expenses rise with income, you're merely upgrading your lifestyle, not building wealth. He advises tracking savings rate (savings/net salary) and aiming for over 35% for significant wealth creation through compounding. The gap between income and spending, not just earnings, defines lasting financial freedom. ...Less

Be available for counsel and advice, but wait for the children to ask for it. Offering unsolicited advice ...More

Be available for counsel and advice, but wait for the children to ask for it. Offering unsolicited advice, which comes from a position of love and concern, and telling the children that parents know better, comes in the way of their learning process. Set the boundaries, make the rules, agree on do and dont’s, but do this at the very start. After that, it is their game to play. ...Less

Private equity giant Carlyle is gearing up for significant IPOs in India, planning a $500 million listing ...More

Private equity giant Carlyle is gearing up for significant IPOs in India, planning a $500 million listing for its automotive platform, Highway Roop Precision Technologies, valued at an estimated $2 billion. Concurrently, its healthcare RCM platform is also set for a $400-500 million offering. These major moves are anticipated by mid-2027, signaling substantial growth for Carlyle's Indian ventures. ...Less

Quote of the Day by Maya Angelou challenges the notion that life's traditional milestones equate to true ...More

Quote of the Day by Maya Angelou challenges the notion that life's traditional milestones equate to true maturity. She argues that merely aging, accumulating responsibilities like jobs and families, doesn't guarantee personal growth. Genuine adulthood, Angelou suggests, lies in developing empathy, accountability, and self-awareness through how we navigate life's challenges. ...Less

India's monsoon has begun with a significant rainfall deficit, impacting kharif sowing, particularly for ...More

India's monsoon has begun with a significant rainfall deficit, impacting kharif sowing, particularly for pulses and cotton. While reservoir levels offer a buffer, a prolonged dry spell could raise food prices and strain rural economies. Experts emphasize close monitoring, as the July-August period will be crucial for crop prospects and overall economic recovery. ...Less

July marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried ...More

July marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried individuals and pensioners to file their Income Tax Returns (ITR), alongside numerous other compliance forms. ...Less

Kunal Shah’s journey to becoming Meta’s new global head of WhatsApp is far from the typical startup succe ...More

Kunal Shah’s journey to becoming Meta’s new global head of WhatsApp is far from the typical startup success story. After his family went bankrupt, he could not afford a BTech degree and instead enrolled in a philosophy course at Mumbai’s Wilson College because its schedule allowed him to work as a delivery boy and data-entry operator to support himself. What began as a practical choice shaped his distinctive approach to entrepreneurship, helping him develop a habit of questioning assumptions and connecting ideas across disciplines. ...Less

Income Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liabi ...More

Income Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A rebate and standard deduction, but filing an ITR is crucial. However, this rebate doesn't apply to special incomes like capital gains, Virtual Digital Assets (VDAs), and lottery winnings, which are taxed at specific rates. ...Less

Any long-term investor knows that corrections are part of every bull run. But it is important that they b ...More

Any long-term investor knows that corrections are part of every bull run. But it is important that they be aware whether the correction is led by global or domestic factors. Why? Because the magnitude of a correction in terms of price damage, how long it lasts, and how the recovery shapes up are different for those sparked by global and domestic events. The latest correction in India probably is a mix of both. A war in the Gulf and an increase in oil prices leading to domestic problems: Fiscal pressure and the possibility of a spike in inflation. ...Less

Relative outperformance and absolute performance – and the context in which they happen. These are three ...More

Relative outperformance and absolute performance – and the context in which they happen. These are three things market investors need to understand much better when it comes to banking stocks. And the likelihood is that all three will see a change. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PUR ...More

SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards. ...Less

Agricultural and rural credit demand is projected to remain strong through 2026-27, driven by rising inpu ...More

Agricultural and rural credit demand is projected to remain strong through 2026-27, driven by rising input costs, expanded Kisan Credit Card coverage, and increased investments in allied activities and infrastructure. NABARD Deputy Managing Director Ajay Kumar Sood noted a significant shift towards long-term investment credit, though higher borrowing costs pose a challenge for farmers and rural MSMEs. ...Less

You can’t pick the manager, but he could decide your career, says Devashish Chakravarty. ...More

You can’t pick the manager, but he could decide your career, says Devashish Chakravarty. ...Less

The government is enhancing rural credit by integrating the Grameen Credit Score with the JanSamarth port ...More

The government is enhancing rural credit by integrating the Grameen Credit Score with the JanSamarth portal for faster loan processing. Regional Rural Banks will expand their customer base and diversify into investment credit, while also promoting digital lending platforms like e-KCC to boost financial inclusion. ...Less

Prime Minister Narendra Modi states farmers are vital for India's food security. The government is active ...More

Prime Minister Narendra Modi states farmers are vital for India's food security. The government is actively working to improve farmers' lives. Schemes like PM-Kisan Samman Nidhi and Fasal Bima Yojana secure farmer income. PM-KUSUM offers solar energy, reducing costs. Kisan Credit Cards provide easy loans. The 'seed to market' initiative ensures fair prices. ...Less

Individuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't ...More

Individuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandatory filing applies if you have capital losses to carry forward, trade in Futures & Options, or incur specific expenses like high credit card bills or foreign travel. ...Less

The I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omission ...More

The I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax return filing more important than ever. ...Less

When business updates start to come in or when some FMCG or auto companies indicate that things are not a ...More

When business updates start to come in or when some FMCG or auto companies indicate that things are not all good in the rural space, we may see some volatility in some sectors. A below par monsoon could be the culprit. Also, keep an eye out for news about agricultural output. That is something the market does not normally watch very carefully. ...Less

Many banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders t ...More

Many banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategies. Experts advise optimising existing cards rather than cancelling them, diversifying across 2–3 cards, and using rewards strategically. Linking RuPay credit cards to UPI can boost benefits on everyday transactions. Ultimately, maximising value depends on understanding card features and aligning spending with reward structures. ...Less

Many professionals earn well but struggle with month-end finances. A Bengaluru CA shared a friend Rohan's ...More

Many professionals earn well but struggle with month-end finances. A Bengaluru CA shared a friend Rohan's story. Despite a Rs 1.2 lakh monthly income, Rohan had little left after EMIs, subscriptions, and lifestyle spending. He lacked insurance and savings. The solution involved prioritizing every rupee and starting small investments. This emphasizes intentional financial planning over just salary size. ...Less

Earning a large salary does not automatically mean wealth. Chartered Accountant Nitin Kaushik explains th ...More

Earning a large salary does not automatically mean wealth. Chartered Accountant Nitin Kaushik explains that focusing on income alone is misleading. True financial strength comes from what you keep, invest, and grow. A person with a lower income who is debt-free and invests consistently may be building more wealth than a high earner burdened by loans and expenses. ...Less

Bank holiday today: Banks across India are closed today, Saturday, June 13, 2026, as it marks the second ...More

Bank holiday today: Banks across India are closed today, Saturday, June 13, 2026, as it marks the second Saturday of the month. While physical branches are shut, customers can still access various digital banking services for fund transfers, account management, and payments. ...Less

Finance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma ...More

Finance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma in West Bengal. She will meet with public sector banks and regional rural banks. The Special Assistance to States for Capital Investment scheme will also be assessed. This review aims to boost capital infrastructure, expand entrepreneurial opportunities, and generate employment in the state. ...Less

Indian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates s ...More

Indian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up to a third of total card swipes. This trend is driven by younger consumers and a preference for speed, as contactless payment infrastructure expands across the country. ...Less

When it comes to banking, remember this: PSU and private banks have different kinds of loan books; at the ...More

When it comes to banking, remember this: PSU and private banks have different kinds of loan books; at the end of the day, however, both operate in the same ecosystem and will be equally impacted by what is going on in the economy. So, if the macro picture has improved for the economy, it will impact both segments equally. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

The Treasury Department is guiding banks to share information on suspected undocumented customers, framin ...More

The Treasury Department is guiding banks to share information on suspected undocumented customers, framing it as a crackdown on fraud and crime. New guidance allows banks to rapidly share data and flag customers potentially lacking legal immigration status, expanding existing anti-money laundering systems. This move aims to push undocumented workers out of the financial system without explicit mandates. ...Less

The P3P AI agent can complete a UPI payment without any human authentication. However, the human still st ...More

The P3P AI agent can complete a UPI payment without any human authentication. However, the human still stays in control. Currently, AI agents need a human authentication step, an MPIN, to make any payments. Pine Labs has removed this wall. It builds on UPI’s existing mandate framework - UPI One Time Mandates (OTM) and Reserve Pay. ...Less

Psychology suggests that when financial strain eases or individuals adopt healthier ways of managing stre ...More

Psychology suggests that when financial strain eases or individuals adopt healthier ways of managing stress, qualities such as patience, optimism and social involvement often reemerge. What may seem like a change in personality is frequently a reflection of how the mind adapts to extended periods of uncertainty, pressure and emotional stress. ...Less

If oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs mi ...More

If oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these stocks under pressure at periodic intervals. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

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Happy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in ...More

Happy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch. ...Less

Mastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional ...More

Mastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. Mastercard is focusing on new customer segments and underserved markets. They are also developing solutions for commercial payments. Mastercard aims to be part of all emerging payment technologies. ...Less

Bengaluru-based fintech WeRize has secured $7 million in a funding round led by Sony Innovation Fund. The ...More

Bengaluru-based fintech WeRize has secured $7 million in a funding round led by Sony Innovation Fund. The capital will bolster its AI and technology capabilities, expanding its product offerings to include mutual funds, bonds, credit cards, and housing loans. WeRize targets consumers in smaller cities, distributing financial products through local distributors via its AI-driven platform. ...Less

I would like to place for discussion not just the question of freedom to decide, but also responsibility ...More

I would like to place for discussion not just the question of freedom to decide, but also responsibility and accountability. Why don’t we provide a monthly allowance in cases where explicit incomes that enable agency are not present? Does it denigrate the ‘care’ and ‘love’ to rupee terms, which makes it uncomfortable? ...Less

Hollywood actor Mark Ruffalo once shared a simple yet powerful quote about his wife, Sunrise Coigney. She ...More

Hollywood actor Mark Ruffalo once shared a simple yet powerful quote about his wife, Sunrise Coigney. She supported him when he had nothing, believing in him before his success. This story shows how crucial belief is during tough times. The Hollywood actor credits her encouragement for his journey. Read on to know what it teaches us. ...Less

More than half of savers still earn under 3% interest, while many households lose around $200 yearly on u ...More

More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financial fixes can change that fast. Simple money-saving tips like checking your credit report, reducing credit card debt, boosting 401(k) savings, finding high-yield savings accounts, and lowering auto insurance costs can take less than an hour. Smart personal finance decisions today can improve financial security, increase savings, and strengthen long-term wealth without major lifestyle changes. ...Less

Rahul Gandhi has strongly criticized the central government following the alleged suicide of NEET aspiran ...More

Rahul Gandhi has strongly criticized the central government following the alleged suicide of NEET aspirant Akanksha Chaturvedi. Gandhi highlighted the farmer father's sacrifices and the NEET exam irregularities, stating Akanksha's death is a consequence of a "corrupt and broken system." He also questioned the inaction of Education Minister Dharmendra Pradhan. ...Less

The Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were h ...More

The Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, in fact, still tight. But the bull case rested on an assumption: That households and companies would keep spending freely on travel, conferences, weddings, offsites, and premium stays. In hospitality, demand does not disappear first. The ability to pay does. Will higher inflation and trouble in the Gulf region change this equation? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks, along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and in ...More

Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. Slow aircraft and engine deliveries are exacerbating these financial strains. Despite challenges, the low-cost model remains viable outside the U.S., and the industry is committed to its net-zero by 2050 target. ...Less

CBSE has clarified its online portal for Class XII answer sheet verification and re-evaluation. Students ...More

CBSE has clarified its online portal for Class XII answer sheet verification and re-evaluation. Students can use various payment methods like UPI, net banking, credit, and debit cards. This comes after confusion arose regarding specific bank account requirements. The portal successfully handled a cyberattack attempt. Many applications for verification and re-evaluation have already been processed. ...Less

Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The ban ...More

Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth management and credit card services in the latter half of the current fiscal year. Development of cash management services for corporate clients is also underway. These initiatives aim to boost the bank's financial performance and non-interest income. ...Less

During 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh cr, comprising Rs 1.5 lakh cr of co ...More

During 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh cr, comprising Rs 1.5 lakh cr of corporate loans and Rs 50,000 cr of retail assets. Retail acquisitions increased Rs 54,727 cr year-on-year, while corporate acquisitions expanded Rs 1.5 lakh cr. ...Less

Tokyo's Shibuya Ward is now fining litterbugs ¥2,000 on the spot. Businesses must provide trash bins or f ...More

Tokyo's Shibuya Ward is now fining litterbugs ¥2,000 on the spot. Businesses must provide trash bins or face penalties. These measures aim to tackle increasing waste issues. Foreign visitors were found to be responsible for over half of littering cases. The ward seeks to maintain cleanliness as visitor numbers rise. ...Less

Rahul Gandhi has strongly criticized Prime Minister Narendra Modi following the alleged suicide of a NEET ...More

Rahul Gandhi has strongly criticized Prime Minister Narendra Modi following the alleged suicide of a NEET aspirant. Gandhi stated that India's youth are suffering due to the Prime Minister's alleged damage to the education system over the last 12 years. The NEET-UG examination faced cancellation amid paper leak allegations. A re-examination is scheduled for June 21. ...Less

Just look at developments in the past 48 hours. The war between Iran and Israel resumed, but within hours ...More

Just look at developments in the past 48 hours. The war between Iran and Israel resumed, but within hours Tehran said it had halted all offensive operations. This suggests that the US is making an attempt to settle matters; but it might not be an easy thing to achieve. Coming to the market, the way the street has treated Q4 FY26 numbers shows that selling pressure can emerge for stocks that disappoint. And in all probability, there are more disappointments than positive surprises. ...Less

The Enforcement Directorate is investigating offshore betting platform Parimatch. The agency has question ...More

The Enforcement Directorate is investigating offshore betting platform Parimatch. The agency has questioned quick commerce app Zepto regarding its promotional campaigns for the banned betting app. Investigators found Parimatch used Zepto's delivery flyers to reach households. This action is part of a larger probe into alleged money laundering by the betting platform. ...Less

US inflation rose at a moderate to strong pace, driven largely by surging energy costs linked to the Iran ...More

US inflation rose at a moderate to strong pace, driven largely by surging energy costs linked to the Iran war, the Federal Reserve said. Higher oil prices disrupted supply chains and lifted input costs, while consumer spending showed widening inequality, with lower-income households facing rising financial strain. ...Less

Robinhood is introducing AI agents for its customers. These agents will autonomously trade stocks and mak ...More

Robinhood is introducing AI agents for its customers. These agents will autonomously trade stocks and make purchases using a virtual credit card. Users can set spending limits and require manual approval for transactions. This move positions Robinhood at the forefront of integrating AI into financial services, with plans to expand the feature to other markets. ...Less

President Trump announced an executive order to shut down and seize funds from bank accounts supporting i ...More

President Trump announced an executive order to shut down and seize funds from bank accounts supporting illegal immigration or holding welfare benefits for undocumented migrants. The measure aims to prevent financial institutions from facilitating human smuggling, drug trafficking, and cartel activities, reinforcing efforts against fraud and illegal immigration. ...Less

Students can now apply for verification of scanned answer books and re-evaluation of answers. The online ...More

Students can now apply for verification of scanned answer books and re-evaluation of answers. The online portal is open until June 6. This facility is for students who have already received their scanned answer sheets. Fees apply for verification and re-evaluation. Students must submit all requests in a single application. ...Less

The average mortgage payment has surged past $2,000 for the first time, reaching $2,005 as high mortgage ...More

The average mortgage payment has surged past $2,000 for the first time, reaching $2,005 as high mortgage rates, rising home prices, and persistent inflation reshape the U.S. housing market. Many buyers expected Federal Reserve rate cuts to bring relief. Instead, the average 30-year mortgage rate remains near 6.5%. The real story runs deeper. Treasury yields, investor caution, and growing federal debt continue driving borrowing costs higher. Yet smart moves matter. A stronger credit score, larger down payment, and lower-rate lender can significantly reduce your mortgage payment and long-term homeownership costs. ...Less

Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering th ...More

Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offering loans against mutual funds. A renewed focus on microloans and increasing corporate lending are also key strategies. These initiatives aim to diversify revenue streams and boost overall expansion. ...Less

New Fed Chair Kevin Warsh faces a challenging economy. Rising inflation, fueled by the Iran war's impact ...More

New Fed Chair Kevin Warsh faces a challenging economy. Rising inflation, fueled by the Iran war's impact on energy and goods, is squeezing households. While AI investment boosts growth, it's not offsetting cost pressures. Policymakers are increasingly concerned about inflation, with some advocating for interest rate hikes, a stance potentially at odds with presidential expectations. ...Less

Making travel more rewarding and accessible for customers this summer, BOBCARD is offering instant discou ...More

Making travel more rewarding and accessible for customers this summer, BOBCARD is offering instant discounts, exclusive deals, and convenient EMI options that help travellers save more while enjoying seamless journeys. For example, BOBCARD users can get up to RS 8000 instant discount on domestic and international flights; claim up to 15% instant discount on flight and hotel bookings on MakeMyTrip. ...Less

Indian travellers are set to spend more overseas following a tax reduction. However, managing travel budg ...More

Indian travellers are set to spend more overseas following a tax reduction. However, managing travel budgets is their biggest worry. Many still exchange cash before trips. Hidden foreign exchange costs and unclear pricing are major concerns. Card reliability is more important than rewards. Southeast Asia remains the top travel destination. ...Less

Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained st ...More

Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. "We are focused on growing the business and growing it with the right set of customers in a profitable way," said ICICI Bank Group chief financial officer Anindya Banerjee. "We have been seeing reasonably steady new customer acquisition and would hope to see better numbers in terms of growth." ...Less

After a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the c ...More

After a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the next two years from 14% at present. It also plans to enter into the credit card business, and loans against mutual funds are on the cards, too, as is a renewed focus on microloans. ...Less

The Central Board of Secondary Education (CBSE) has launched a portal for Class 12 students to verify sca ...More

The Central Board of Secondary Education (CBSE) has launched a portal for Class 12 students to verify scanned answer books and request re-evaluation. Nearly 40,000 students have already applied successfully. The portal is open from June 2 to June 6. Students can report issues like missing pages or incorrect evaluation. Fees apply for these services. ...Less

Indian students studying in Australia must secure Overseas Student Health Cover (OSHC) for visa complianc ...More

Indian students studying in Australia must secure Overseas Student Health Cover (OSHC) for visa compliance and medical needs. While not mandatory, travel insurance is recommended for protection against lost belongings, trip disruptions, and medical emergencies during transit. Both are vital for a smooth academic journey. ...Less

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, ...More

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised visits, despite RBI rules prohibiting such practices. Experts say many borrowers are unaware of their rights and grievance mechanisms. RBI guidelines allow complaints against harassment and provide borrower protections, while debt restructuring and one-time settlements can help resolve repayment difficulties and reduce financial stress. ...Less

Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limita ...More

Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While cheaper than cards in select countries like UAE and Singapore, UPI acceptance is uneven, and backup payment options are essential. Users must be aware of transaction limits, potential failures, and fraud risks. ...Less

The logic is simple: lounge access has become a heavily used perk. Banks earlier assumed that only premiu ...More

The logic is simple: lounge access has become a heavily used perk. Banks earlier assumed that only premium customers or frequent flyers would visit lounges regularly. Instead, many customers signed up purely for lounge access, often with a fee waiver and otherwise using the cards sparingly otherwise ...Less

Given how the market has moved in the last five-six trading sessions, the probability is high that a new ...More

Given how the market has moved in the last five-six trading sessions, the probability is high that a new readjustment trade has started. This trade takes into account the second- and third-order impact of rising crude oil prices, as also a poor monsoon that could play spoilsport for the Indian economy. What does this mean for the banking sector? Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less