Credit card transactions in India have surged over 2.6 times between 2021 and 2025, reaching 570 crore volumes and Rs 23.2 lakh crore in value, with private sector banks significantly increasing their market share, according to a recent RBI report.
Credit card transactions in India have surged over 2.6 times between 2021 and 2025, driven by private sector banks, while debit card usage declines due to growing adoption of UPI and digital wallets, according to an RBI report.
Delhi Police have arrested two Haryana-based businessmen for allegedly impersonating members of the notorious Kala Jathedi gang. The accused issued extortion threats to a Delhi businessman over a financial dispute, demanding money and threatening dire consequences. Investigations revealed the duo had no actual links to the gang but used its name to intimidate the victim.
The National Payments Corporation of India (NPCI) is set to consider linking the ATM interchange fee to the Wholesale Price Index (WPI), alongside a potential hike from the current 19 to 21-22, which could impact customer charges for transactions beyond the free limit.
Investments under the framework would remain voluntary for employees.
The Delhi Metro Rail Corporation has partnered with Airtel Payments Bank to launch co-branded RuPay National Common Mobility Cards (NCMC), enabling seamless payments across various transit networks nationwide.
The Enforcement Directorate (ED) has identified a Grenadian man based in Dubai as the 'beneficial owner' of a Delhi-based company involved in a large-scale betting, gaming, and cyber fraud-linked money-laundering operation in India.
Goa Police have issued a Look Out Circular against right-wing speaker Gautam Khattar for alleged objectionable remarks against St Francis Xavier and arrested his brother in Uttarakhand. The arrest follows widespread condemnation and protests over Khattar's remarks at an event in Goa.
A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.
Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.
Rajasthan Police have issued an advisory warning citizens about potential cyber fraud attempts disguised as part of the ongoing digital census. Scammers may use various methods, including fake calls, messages, and in-person visits, to steal personal and financial information.
Kerala Police have issued a warning about a new form of cyber fraud targeting people buying mattresses online. Fraudsters pose as fake customer care representatives of mattress companies and pressure customers into making immediate payments.
Paytm, operated by One97 Communications, is not actively seeking a non-banking financial company (NBFC) licence, preferring partnership models for lending operations, according to its Group CFO.
Mizoram has long maintained one of the country's strictest prohibition regimes.
The CBI informed a Delhi court that Manisha Sanjay Waghmare, an accused in the NEET paper leak case, circulated question papers to students for money. The agency opposed her bail plea, stating students paid for leaked physics, chemistry, and biology papers. Waghmare's counsel argued against the allegations, citing no recovery of cash or incriminating evidence from her. The court reserved its order on her bail plea for June 9, amidst the ongoing investigation into the cancelled NEET exam.
The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.
Fintech giant One97 Communications, which operates Paytm, has decided against applying for a Non-Banking Financial Company (NBFC) licence, favouring its existing partnership model.
India bought 1.87 million barrels of Russian oil per day in May so far, meeting approximately 40 per cent of its oil imports.
Union Education Minister Dharmendra Pradhan has directed officials to address issues faced by students regarding the CBSE examination system, following allegations of irregularities. The government has committed to transparency and accountability, assuring that all genuine concerns will be addressed effectively.
'Exploration should be made easier and companies should be given operational flexibility.'
Kerala Police have formed a 30-member SIT to investigate the attack on Enforcement Directorate officials during a search operation at the residence of former Chief Minister Pinarayi Vijayan.
'The US was well aware of the nationality of the seafarers on board the vessels. It was not hidden. The nationality of those aboard a merchant ship is known to all the ports.' 'So, why did US shoot a missile that resulted in the deaths of the Indian mariners?'
A brick kiln owner in Palghar district has been booked for allegedly forcing a tribal labourer to work against his will after the labourer sought to return to his village to build a house sanctioned under a government scheme.
Grandmaster Abhijeet Gupta, frustrated by delays in receiving prize money for winning the Odisha Open, has been assured by the All India Chess Federation that the issue will be resolved and his dues cleared.
The Centre has announced that the Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act will come into force across the country from July 1, replacing the Mahatma Gandhi National Rural Employment Guarantee Act.
A parliamentary panel has summoned officials from the Union Education Ministry, the National Testing Agency (NTA), and the CBI to address concerns regarding the conduct of examinations.
The Centre has notified draft rules for the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, outlining the framework for the new rural employment programme replacing MGNREGA. The draft rules are open for public feedback until June 21, 2026.
The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.
A section of industry may need to begin compliance immediately, even as most states are yet to notify their rules.
A US national was arrested in Maharajganj, Uttar Pradesh, while allegedly attempting to cross illegally into Nepal. The individual, identified as Phelan Travis Anthony, had overstayed his visa in India and was trying to evade legal proceedings.
A Delhi court has convicted a man and his mother in a dowry death case after his wife died by suicide within seven years of marriage, citing a pattern of dowry-related harassment and demands.
The CBI Director has updated a parliamentary panel on the NEET-UG paper leak investigation, while education ministry officials outlined measures for a fair retest.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
Delhi Police have arrested a man from Madhya Pradesh in connection with a multi-crore bank fraud case involving forged cheques and fraudulent withdrawal of funds from an Amity University account.
The CBI has registered a corruption case against Rajni Kant Agrawal, the former chairman-cum-managing director of Water and Power Consultancy Services (WAPCOS), following a complaint from the Ministry of Jal Shakti.
Gujarat police have uncovered cyber frauds worth Rs 2,289 crore and arrested 638 individuals as part of 'Operation Mule Account 1.0', a state-wide crackdown on online criminals launched in 2025.
Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.
The CBI coordinated the extradition of Abhay Rana, wanted by Haryana Police for extortion, criminal intimidation, and attempt to murder, from Portugal.
The building suffered extensive damage in the fire, with debris, shattered glass and burnt materials strewn in the vicinity. A large crowd gathered near the site as authorities cordoned off the spot and diverted traffic to facilitate rescue operations.
India's gross GST collections increased by 3.2 per cent to over Rs 1.94 lakh crore in May, driven by improved supplies of goods and services and a continued expansion in collections from imports.
