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SBI's credit card business experienced a significant post-Covid surge, driven by its youth-focused expansion. HDFC Bank maintained its dominant position in both card issuance and transaction value. Conversely, Standard Chartered Bank faced a sharp decline in both the volume and value of its credit card operations.
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News and Media
President Trump announced Israeli Prime Minister Netanyahu's support for a U.S. peace plan to end the Gaza war. The proposal includes a ceasefire, hostage exchange, and Hamas disarmament, but its success hinges on Hamas's acceptance. Netanyahu backed the plan, stating it achieves Israel's war aims, despite lingering disagreements on Palestinian statehood.
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Mumbai's 10-year government bond yield surged to a near one-month high of 6.57% on Monday, driven by increased supply in the Centre's second-half borrowing and caution before the MPC decision. Despite this, bond dealers view the overall borrowing calendar positively, even with current low demand for long bonds.
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News and Media
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