Mastercard has introduced World Select, a premium consumer card programme in India, offering travel, dining, wellness, entertainment and lifestyle benefits through issuing partners including RBL Bank, City Union Bank and Jammu & Kashmir Bank
RBI Allows LIC to Raise Stake in ICICI Bank to 9.99%, Approval Valid for One Year
SBI Revises BSBD Withdrawal Rules: Digital Transactions to Count in 4 Free Monthly Withdrawals From October 1
Axis Bank and Kotak Mahindra Bank have increased Dynamic Currency Conversion charges on select card transactions. Customers paying in Indian rupees abroad or on international websites may now face fees of up to 3.5% plus GST.
The Department of Land Resources and RBI Innovation Hub are working to connect digital land records with the lending ecosystem. The initiative aims to make farm loans faster, safer, and more transparent through Digital Public Infrastructure. Highlights The Department of Land Resources (DoLR), under the Ministry of Rural Development, has...
HSBC India Services PMI eases in June as domestic demand weakens, though exports remain resilient and inflationary pressures continue to soften. Key Highlights: New Delhi, July 3: India’s services sector lost momentum in June, with business activity slowing to its weakest pace in 17 months as softer domestic demand and...
The Federal Reserve’s preferred inflation measure rose to 4.1% in May, although falling oil prices could offer consumers some relief in the coming months. Key Highlights News Story Washington, June 25, 2026: Inflation in the United States accelerated sharply in May, potentially strengthening concerns that the Federal Reserve may have...
Global Economic Growth Could Slow Sharply in 2026 as Geopolitical Tensions, Energy Disruptions, and Inflation Weigh on Recovery Highlights The World Bank has revised its global economic growth forecast for 2026 downward to 2.5%, warning that the world economy faces mounting risks from geopolitical tensions, rising energy costs, and persistent...
HIGHLIGHTS • Rupee surged 81 paise to close at 94.93 against the US dollar.• RBI announced measures to boost foreign capital inflows and forex liquidity.• Investor sentiment improved following the central bank’s policy decisions.• RBI retained the repo rate at 5.25% for the second consecutive policy review.• Monetary Policy Committee...
Key Highlights News Summary The Reserve Bank of India (RBI) recorded its highest-ever annual income of ₹4.28 lakh crore in FY26, enabling it to transfer a record surplus of ₹2.87 lakh crore to the central government. A major contributor to this earnings surge was the RBI’s intervention in the foreign...
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