Personal Finance

As temperatures rise across India, electric vehicle (EV) owners must adjust charging, parking and maintenance practices to help protect battery health and maintain consistent vehicle performance during peak summer conditions. Insights shared by Policybazaar highlight that prolonged exposure to extreme heat can accelerate battery wear, particularly in high-usage urban conditions. Heat, charging behaviour and battery…

Indian banking customers are demanding sharper digital experiences across apps, websites and chatbots, even as mobile banking adoption stays strong, a report by Ernst & Young Global Limited (EY) showed. The EY report, Customer Experience Reimagined: The New Frontier for Indian Banking in 2026, based on a survey of 2,030 customers, found that 55% want…

Eurobank has launched a UPI-based remittance service enabling Indian customers in Greece to transfer money to India in near real time at low cost. The service allows Indian customers holding accounts with Eurobank in Greece to send funds to India through UPI-linked systems, improving the speed and efficiency of cross-border transfers. The initiative follows a…

Equity mutual fund assets under management (AUM) in India grew over 17% year-on-year despite a broader market correction, according to a press note released by Franklin Templeton India Mutual Fund. The note said the Indian mutual fund industry continued to expand its investor base, adding around 71 lakh new investors over the past 12 months,…

Six months after the launch of Specialised Investment Funds (SIFs), Mohit Gang, CEO & Co-founder of Moneyfront, and Aditya Agarwal, Co-Founder of Wealthy.in, discussed how these products are shaping up for investors. They highlighted strong interest in hybrid long-short strategies, differences in fund approaches, and how SIFs aim to offer better downside protection and more…

Indian investors are increasingly looking at international mutual funds to diversify beyond domestic markets and benefit from dollar appreciation. Nisreen Mamaji, CFP of Founder MoneyWorks FS says global investing should complement, not replace, Indian equities. She highlights passive funds as a good starting point, while themes such as AI, healthcare, semiconductors, clean energy and global…

India’s general insurance industry is witnessing sustained growth, but a new report by consulting firm Praxis Global Alliance has flagged rising reliance on commissions and intermediary-led distribution as a structural concern for underwriting discipline and long-term profitability. The observations come amid broader concerns raised by the Insurance Regulatory and Development Authority of India (IRDAI) over…

India’s health insurance industry is seeing a steady rise in higher-value hospitalisation claims as medical inflation, costlier treatments and growing incidence of chronic illnesses push healthcare expenses upward. According to industry experts, claims in the ₹2–5 lakh and above-₹5 lakh categories are increasing, driven largely by cardiac conditions, cancer treatment, kidney disease and orthopaedic procedures….

A parliamentary panel on Wednesday (May 20) termed as ”alarming” the investment of thousands of crores of rupees in virtual digital assets like cryptocurrency and favoured continuation of the tax on all such digital transactions. The Parliamentary Standing Committee on Finance, headed by BJP member Bhartruhari Mahtab, had a detailed discussion on virtual digital assets….

Bharti AXA Life Insurance has announced a total bonus payout of ₹205 crore for the financial year 2025–26 for policyholders holding participating, or with-profit, insurance policies. The insurer said the bonus includes a revisionary bonus of ₹145 crore, a terminal bonus of ₹20 crore, and a cash bonus of ₹40 crore. Around 2 lakh policyholders…