# Finance

> Money news, made clear.


## Posts

- [How health insurance works in India](https://finance.net.in/how-health-insurance-works-india/): A plain guide to health insurance in India: how policies work, cashless claims, waiting periods, exclusions, portability and Section 80D tax deductions.
- [Cashless vs reimbursement claims in health insurance](https://finance.net.in/cashless-vs-reimbursement-health-claims/): How cashless and reimbursement claims work in health insurance in India, what each needs from you, and what to check in your policy before a claim arises.
- [Annuities explained: turning retirement savings into pension](https://finance.net.in/annuities-explained-retirement-monthly-pension/): A plain guide to annuities: how a retirement corpus becomes a regular pension, what to compare before choosing one, and how NPS fits in.
- [NPS Tier I vs Tier II accounts explained](https://finance.net.in/nps-tier-ii-account-activation/): NPS Trust has published an official page on activating a Tier II account under the National Pension System. Here is what is confirmed and where to look.
- [How Sovereign Gold Bond redemption prices are set](https://finance.net.in/sgb-redemption-price-how-set/): RBI set SGB premature redemption prices at ₹14,725 and ₹14,614 per unit. Here is how the price is worked out, which dates apply and what it means for holders.
- [How an IPO works: price bands, offer types and listing](https://finance.net.in/what-is-an-ipo-how-it-works/): A plain guide to IPOs: how companies sell shares to the public, what a price band and grey market premium mean, and what recent issues show.
- [ITAT rulings show how tax notices can be challenged and won](https://finance.net.in/itat-rulings-tax-notices-taxpayers-nris/): Two ITAT rulings in July and October 2026 show how a redevelopment gain and a reassessment notice to a Canada-based senior were challenged and won.
- [How IPOs work: price band, OFS, SME issues and Sebi rules](https://finance.net.in/how-ipos-work-price-band-ofs-sme/): A plain guide to how an IPO works in India, from price band and offer for sale to SME listings and Sebi's role, using live issues from October 2026.
- [How to read bank results: NII, NIM, NPA and CASA explained](https://finance.net.in/nii-nim-npa-casa-bank-results-explained/): Bank results use NII, net interest margin, NPA and CASA. Here is what each term means, using Axis Bank and ICICI Bank's July-September 2026 numbers.
- [Why the rupee swings and what RBI is doing about it](https://finance.net.in/why-rupee-swings-what-rbi-does/): The rupee moved from 96.88 to 95.38 per dollar in a week as RBI tightened forex derivative rules and opened a dollar window for oil companies.
- [ICICI Bank Q2 profit rises 20% to ₹14,843 crore; margin dips to 4.18%](https://finance.net.in/icici-bank-q2-results-profit-nim/): ICICI Bank's September-quarter net profit rose 20.1% to ₹14,843 crore, while net interest margin slipped to 4.18%. Gross NPA ratio fell to 1.20%.
- [Axis Bank Q2 profit rises 38% to ₹7,003 crore; NII up 12%](https://finance.net.in/axis-bank-q2-results-profit-7003-crore/): Axis Bank reported a 38% rise in Q2 FY27 net profit to ₹7,003 crore, with net interest income up 12% to ₹15,371 crore and gross NPA at 1.16%.
- [HDFC Bank deputy MD Kaizad Bharucha to step down on 31 December](https://finance.net.in/hdfc-bank-kaizad-bharucha-step-down/): HDFC Bank deputy managing director Kaizad Bharucha has asked to leave from 31 December 2026. The board accepted his request; RBI approval is awaited.
- [Central Bank of India Q2 profit rises 21% to ₹1,469 crore](https://finance.net.in/central-bank-of-india-q2-profit-fy27/): Central Bank of India reported a 21% rise in Q2 FY27 net profit to ₹1,469 crore, with net interest income up 26% and gross NPAs down to 2.39%.
- [Bitcoin at ₹77,64,368, Ether at ₹2,29,605: crypto prices in rupees on 18 October 2026](https://finance.net.in/bitcoin-price-in-inr-2026-10-18/): Bitcoin was priced at ₹77,64,368 on 18 October 2026 and Ether at ₹2,29,605. Prices in rupees with the seven-day trend and the tax rules in India.
- [RBI approves Emirates NBD India branches merger with RBL Bank](https://finance.net.in/rbi-emirates-nbd-rbl-bank-amalgamation/): RBI has sanctioned the amalgamation of Emirates NBD's Indian branches with RBL Bank, effective 1 December 2026. Here is what changes and what we know.
- [SEBI releases attachment on Ram Kishore Taparia property in Cosboard case](https://finance.net.in/sebi-release-order-ram-kishore-taparia-cosboard/): SEBI on 14 October 2026 issued a release order and lifted the attachment on immovable property under a recovery case against Ram Kishore Taparia.
- [Rupee rebounds to 95.17 from 96.88 against dollar in a week](https://finance.net.in/rupee-rebounds-95-17-against-dollar/): The rupee closed at 95.17 on 14 October, up from 96.88 on 8 October, as RBI steps against speculative bets and oil prices eased. Here is what moved it.
- [RBI publishes scheduled banks' position statement for 30 September 2026](https://finance.net.in/rbi-scheduled-banks-statement-position-september-2026/): RBI released the Scheduled Banks' Statement of Position in India as on 30 September 2026. Here is what the statement covers and how its borrowing figures are reported.
- [Qatar's tax authority joins Lusail University career fair](https://finance.net.in/qatar-tax-authority-lusail-university-career-fair/): Qatar's General Tax Authority took part in Lusail University's two-day career fair to introduce students and graduates to careers in the tax sector.
- [Cyient DLM shares fall nearly 19% after Q2 margin pressure](https://finance.net.in/cyient-dlm-share-falls-q2-results/): Cyient DLM shares dropped nearly 19% to ₹830.35 on 16 October 2026 despite 43% higher profit and a record ₹2,810 crore order book. Brokerages differ.
- [Yes Bank shares tumble after Supreme Court quashes ₹8,415 crore AT-1 write-off](https://finance.net.in/yes-bank-at1-bond-supreme-court-ruling/): The Supreme Court upheld the Bombay High Court order quashing Yes Bank's ₹8,415 crore AT-1 bond write-off. Here is what the ruling means and how shares reacted.
- [SEBI issues circular reviewing closing auction session and derivatives settlement](https://finance.net.in/sebi-closing-auction-session-derivatives-circular/): SEBI issued a circular on 15 October 2026 reviewing aspects of the closing auction session, market timings and settlement methodology for derivatives.
- [India's August current account deficit narrows to $5.2 billion](https://finance.net.in/india-balance-of-payments-august-2026/): RBI data show India's current account deficit eased to $5.2 billion in August 2026 from $6.1 billion a year earlier, with a capital account surplus of $50.6 billion.
- [Wipro Q2 profit slips 1.9% to ₹3,199.7 crore; revenue up 9%](https://finance.net.in/wipro-q2-results-profit-falls-revenue-rises/): Wipro's September-quarter profit fell 1.9% to ₹3,199.7 crore while revenue rose 9% to ₹24,752.7 crore. Here is what the numbers and Q3 guidance show.
- [Deloitte sees India's FY27 GDP growth at 7.1-7.3% on private investment](https://finance.net.in/deloitte-india-gdp-forecast-fy27/): Deloitte India expects GDP to grow 7.1-7.3% in FY27 and 6.6-7.0% in FY28, with a revival in private investment as the extra driver, but flags global risks.
- [Rupee climbs from 96.75 to 94.86 in a week after RBI steps in](https://finance.net.in/rupee-rebounds-94-86-rbi-measures/): The rupee gained to 94.86 against the US dollar on 15 October 2026 after RBI measures on dollar demand and hedging, though oil and dollar strength persist.
- [Urban Company Q2 loss widens to ₹182 crore as revenue rises 41%](https://finance.net.in/urban-company-q2-results-loss-widens/): Urban Company posted a Q2 FY27 net loss of about ₹182 crore on 41% revenue growth, as InstaHelp spending rose. Board approves a fundraise of up to ₹2,500 crore.
- [Reliance reaches out to staff as Jio Platforms IPO opens 21 October](https://finance.net.in/jio-platforms-ipo-reliance-employees-outreach/): Reliance has reached out to employees about the Jio Platforms IPO, which opens 21 October. Here is the price band, size and reserved quotas explained.
- [SGB 2020-21 Series VII redemption price set at ₹14,614 per unit](https://finance.net.in/sgb-2020-21-series-vii-redemption-price/): RBI has fixed the premature redemption price of SGB 2020-21 Series VII at ₹14,614 per unit for redemption due on 19 October 2026. Here is how it is set.
- [Fed ends enforcement actions against Gardner Bancshares, Small Business Bank](https://finance.net.in/fed-ends-gardner-bancshares-enforcement-actions/): The US Federal Reserve Board has terminated three enforcement actions against Gardner Bancshares and Small Business Bank of Lenexa, Kansas, effective 13 October 2026.
- [Bank of England publishes banknote imagery advisory group minutes](https://finance.net.in/boe-banknote-imagery-advisory-minutes/): The Bank of England published minutes of its banknote imagery advisory group meeting held on 15 July 2026. Here is what is confirmed so far.
- [Lagarde: ECB sees euro area inflation at 3.8%, rate path data-driven](https://finance.net.in/lagarde-imfc-statement-ecb-inflation-rates/): ECB chief Christine Lagarde told the IMF committee that euro area inflation hit 3.8% in September after two 25 basis point rate rises, with risks tilted up.
- [Bitcoin at ₹77,41,147, Ether at ₹2,30,364: crypto prices in rupees on 17 October 2026](https://finance.net.in/bitcoin-price-in-inr-2026-10-17/): Bitcoin was priced at ₹77,41,147 on 17 October 2026 and Ether at ₹2,30,364. Prices in rupees with the seven-day trend and the tax rules in India.
- [Dollar at ₹94.96, euro at ₹106.86: rupee reference rates on 16 October 2026](https://finance.net.in/usd-to-inr-rupee-rates-2026-10-16/): The US dollar was worth ₹94.96 on 16 October 2026. Rupee reference rates against the dollar, euro and pound, with the seven-day trend.
- [Dirham at ₹25.86, Saudi riyal at ₹25.32: Gulf currency rates in rupees on 16 October 2026](https://finance.net.in/aed-to-inr-gulf-currency-rates-2026-10-16/): One UAE dirham was worth ₹25.86 on 16 October 2026. Rates for the Saudi and Qatari riyals, Omani rial and Bahraini dinar, with the seven-day trend.
- [Dirham at ₹25.88, Saudi riyal at ₹25.35: Gulf currency rates in rupees on 15 October 2026](https://finance.net.in/aed-to-inr-gulf-currency-rates-2026-10-15/): One UAE dirham was worth ₹25.88 on 15 October 2026. Rates for the Saudi and Qatari riyals, Omani rial and Bahraini dinar, with the seven-day trend.
- [Dollar at ₹95.06, euro at ₹106.54: rupee reference rates on 15 October 2026](https://finance.net.in/usd-to-inr-rupee-rates-2026-10-15/): The US dollar was worth ₹95.06 on 15 October 2026. Rupee reference rates against the dollar, euro and pound, with the seven-day trend.
- [Bitcoin at ₹77,67,015, Ether at ₹2,32,665: crypto prices in rupees on 16 October 2026](https://finance.net.in/bitcoin-price-in-inr-2026-10-16/): Bitcoin was priced at ₹77,67,015 on 16 October 2026 and Ether at ₹2,32,665. Prices in rupees with the seven-day trend and the tax rules in India.
- [Brent crude at $126.55, WTI at $101.91: oil prices on 14 October 2026](https://finance.net.in/crude-oil-price-brent-wti-2026-10-14/): Brent crude closed at $126.55 a barrel on 14 October 2026 and WTI at $101.91. Prices with the seven-day trend and what they mean for India.
- [Fairfax plans to fold Digit and IIFL Capital into IDBI Bank](https://finance.net.in/fairfax-digit-iifl-capital-idbi-bank/): Fairfax plans to contribute its stakes in Digit and IIFL Capital to IDBI Bank after its ₹52,878 crore deal for a 60.72% stake. Approvals are still pending.
- [Net direct tax collection rises 13.21% to ₹13.38 lakh crore](https://finance.net.in/net-direct-tax-collection-october-14-fy27/): Net direct tax collections rose 13.21% to ₹13.38 lakh crore from 1 April to 14 October 2026, as gross receipts grew 14.89% and refunds rose 24.22%.
- [IMF says India's revised GDP method matches its advice](https://finance.net.in/imf-backs-india-gdp-methodology/): The IMF says India's GDP base revision is a welcome development and consistent with its advice, as a row over the 7.8% June quarter growth figure continues.
- [RBI issues FAQs on Foreign Exchange Risk Reserve](https://finance.net.in/rbi-faqs-foreign-exchange-risk-reserve/): RBI published Frequently Asked Questions on the Foreign Exchange Risk Reserve on 15 October 2026. The press release text available gives no further details.
- [SEBI completes recovery case against Yuvika Tradewing LLP](https://finance.net.in/sebi-completes-yuvika-tradewing-recovery-case/): SEBI has listed the completion of recovery certificate RC No. 8924 of 2025 against Yuvika Tradewing LLP in the Cressanda Solutions matter, with a release order.
- [SEBI issues prohibitory orders against two people in Securekloud recovery cases](https://finance.net.in/sebi-prohibitory-orders-securekloud-recovery/): SEBI issued Prohibitory Orders 1575/2026 and 1576/2026 on 15 October 2026 against Venkatachari Suresh and R S Ramani in Securekloud Technologies recovery cases.
- [SEBI's PolicyTwin prototype wins first place at global hackathon](https://finance.net.in/sebi-policytwin-wins-agentic-regulator-hackathon/): SEBI said its PolicyTwin prototype won first place at the C:>DIR Global 'Agentic Regulator' Hackathon, according to a press release dated 14 October 2026.
- [SEC small business panel to discuss IPO reform and crowdfunding on 27 October](https://finance.net.in/sec-committee-ipo-modernization-crowdfunding-meeting/): The SEC's Small Business Capital Formation Advisory Committee meets on 27 October 2026 to discuss IPO modernization and changes to Regulation Crowdfunding.
- [SEBI teams win at IOSCO TechSprint 2026 on AI investor education](https://finance.net.in/sebi-teams-win-iosco-techsprint-2026/): SEBI teams have won at the IOSCO TechSprint 2026, themed on investor education in the age of artificial intelligence, the regulator said on 14 October 2026.
- [Government to switch ₹20,000 crore of bonds in 19 October auction](https://finance.net.in/government-bond-switch-auction-20000-crore/): The Government of India will swap ₹20,000 crore of shorter-dated bonds for longer-dated ones in an auction on 19 October 2026, with settlement on 21 October.
- [RBI sets ₹14,725 redemption price for SGB 2019-20 Series V](https://finance.net.in/sgb-2019-20-series-v-redemption-price/): RBI has fixed ₹14,725 per unit as the premature redemption price for Sovereign Gold Bond 2019-20 Series V, due on 15 October 2026.
- [Sebi clears Indian Gas Exchange IPO, an offer for sale by IEX](https://finance.net.in/indian-gas-exchange-ipo-sebi-approval/): Sebi has approved the Indian Gas Exchange IPO, which will be entirely an offer for sale of equity shares by promoter Indian Energy Exchange. Key facts here.
- [Bank of Baroda says it will defend itself against Shetty's $15 billion suit](https://finance.net.in/bank-of-baroda-shetty-15-billion-suit/): Bank of Baroda says it has not been served with B.R. Shetty's $15 billion lawsuit linked to NMC Health's collapse and will defend its interests.
- [ITAT Delhi rules in favour of man taxed on ₹75 lakh redevelopment gain](https://finance.net.in/itat-delhi-redevelopment-75-lakh-tax-case/): A Delhi property owner who got ₹75 lakh from a builder for redeveloping land inherited from his mother won his tax dispute at ITAT Delhi, a report says.
- [ITAT Bengaluru quashes ₹83.2 lakh tax notice to Canada-based senior](https://finance.net.in/itat-bengaluru-quashes-reassessment-notice-nri/): ITAT Bengaluru quashed a reassessment against a Canada-based senior citizen after he got five days to reply instead of seven. Here is what the ruling means.
- [Gold rates fall on 14 October: Tanishq 22k at ₹13,635 per gram](https://finance.net.in/gold-rate-today-14-october-2026/): 22k gold jewellery prices fell on 14 October 2026, with Tanishq at ₹13,635 per gram from ₹13,730. Malabar, Joyalukkas and Kalyan also reported cuts.
- [Vaibhav Vyapaar opens ₹42.10 crore SME IPO at ₹51-54 a share](https://finance.net.in/vaibhav-vyapaar-ipo-price-band-details/): Vaibhav Vyapaar's ₹42.10 crore IPO on the NSE SME platform has a price band of ₹51-54 per share. Here is what the NBFC says about its use of funds.
- [Fusion CX IPO opens: ₹702 crore issue, price band ₹275-289](https://finance.net.in/fusion-cx-ipo-opens-price-band-gmp/): Fusion CX's ₹702 crore IPO is open from 14 to 16 October at ₹275-289 per share. Minimum retail bid is ₹14,739; anchors put in ₹315 crore.
- [Sebi extends relaxed IPO fresh-issue revision rule till March 2027](https://finance.net.in/sebi-extends-easier-ipo-rules-march-2027/): Sebi has extended a temporary relaxation letting IPO-bound firms change fresh issue size without refiling draft papers. Here is what is confirmed so far.
- [RBI cuts no-proof forex hedging limit to $5 million from $100 million](https://finance.net.in/rbi-forex-derivative-curbs-ferr/): RBI has cut the no-proof forex hedging threshold to $5 million from $100 million, barred rebooking of cancelled contracts and added a 20% cash reserve rule.
- [RBI limits rupee NDDCs for non-residents to hedging, adds 20% FERR](https://finance.net.in/rbi-nddc-hedging-only-ferr-20-percent/): RBI has restricted non-deliverable rupee derivatives for non-residents to hedging and made banks keep a 20% cash reserve on some forex derivative contracts.
- [RBI rules out near-term rate cut after 25 bps hike: Malhotra](https://finance.net.in/rbi-rules-out-near-term-rate-cut/): RBI Governor Sanjay Malhotra says the next move is a pause or another hike after the October 2026 policy, with inflation seen averaging 5.8%.
- [RBI sells ₹25,000 crore bonds in OMO; 5 securities accepted](https://finance.net.in/rbi-omo-sale-13-october-2026-cut-offs/): RBI notified ₹25,000 crore of government bonds for sale through OMO on 13 October 2026 and accepted bids in five securities. See cut-off yields and prices.
- [SEBI notifies Portfolio Managers Regulations, 2026, effective 1 April 2027](https://finance.net.in/sebi-portfolio-managers-regulations-2026/): SEBI has published the Portfolio Managers Regulations, 2026, which take effect on 1 April 2027. Here is what is confirmed so far and what to watch next.
- [RBI opens special dollar window for IOC, HPCL, BPCL from October 12](https://finance.net.in/rbi-special-dollar-window-oil-companies/): RBI will sell US dollars to IOC, HPCL and BPCL through designated banks to meet their entire daily needs, from October 12, 2026, until further notice.

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