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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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RBI
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28
May
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RBI/2026-27/93
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL
(Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries
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28
May
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RBI/DOR/2026-27/94
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026
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28
May
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RBI/DOR/2026-27/95
(Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
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22
May
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RBI/2026-27/86
(Delhi)
Reserve Bank of India (Local Area Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/87
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation,
and Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/88
(Delhi)
Reserve Bank of India (Rural Co-operative Banks – Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/89
(Delhi)
Reserve Bank of India (Regional Rural Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/90
(Delhi)
Reserve Bank of India (Commercial Banks – Prudential Norms on Capital
Adequacy) Sixth Amendment Directions, 2026
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22
May
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RBI/2026-27/91
(Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements:
Presentation and Disclosures) Sixth Amendment Directions, 2026
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22
May
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RBI/2026-27/83
(Delhi)
Reserve Bank of India (Commercial Banks - Classification, Valuation, and
Operation of Investment Portfolio) Second Amendment Directions, 2026
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22
May
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RBI/2026-27/84
(Delhi)
Reserve Bank of India (Small Finance Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/85
(Delhi)
Reserve Bank of India (Payments Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/92
(Delhi)
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation
and Disclosures) Third Amendment Directions, 2026
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INDIAN ECONOMY
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India has emerged as the world's fifth mos digitalised economy, overtaking several advanced nations as rapid adoption of artificial intelligence, digital public infrastructure and online services reshape the global technology landscape, according to a report released on Friday.
The State of India's Digital E...
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India's services trade saw an expansion in imports and exports during April, according to the Reserve Bank of India (RBI).
The data showed that exports grew by 12.7 per cent to USD 37.021 billion in April, registering the highest growth in the calendar year.
...
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India’s economy continues to show resilience despite growing global uncertainty triggered by the conflict in West Asia, but rising crude oil prices, inflationary pressures and the risk of a weak monsoon could weigh on growth in the coming months, according to the Department of Economic Affairs’ (DEA) Monthly ...
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India and Korea have agreed to address New Delhi’s concerns over the widening bilateral trade deficit within the framework of the existing Comprehensive Economic Partnership Agreement (CEPA), instead of negotiating a fresh trade pact.
“Both sides acknowledged India’s bilateral trade deficit, which has rise...
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The Centre is expected to announce a slew of measures within a week to boost foreign capital inflows and stem outflows, in a move that will help support the rupee and make it easier to finance a widening current account deficit.
While the exact details are still being worked out, sources said more than a d...
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India’s crude oil imports rose 11.2% month-on-month to 5.04 million barrels per day (mbd) in May, the highest level since the outbreak of the Iran conflict and potentially the strongest-ever import volume for the month, as refiners stepped up purchases of Russian and Venezuelan crude while rebuilding domestic...
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India is likely to introduce a mandate for blending isobutanol with diesel as early as this year, a move that could have a bigger impact on the country’s energy security than ethanol blending in petrol given diesel consumption is nearly twice that of petrol, said Road transport and highways secretary V Umasha...
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India’s energy investment is projected to hit a record $170 billion in 2026, driven by rapid expansion in solar photovoltaic (PV) capacity and a surge in oil-refining projects, as per a report by International Energy Agency (IEA) said.
Energy spending in India has risen at an average annual rate of 11% ove...
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India’s economy is expected to remain resilient in 2026-27 despite rising geopolitical tensions and a weakening global environment. However, a prolonged conflict in West Asia could weigh on growth, inflation and key sectors, according to the Reserve Bank of India’s annual report.
“The adverse impact of out...
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MARKET & FINANCE
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The Iran war rocked global bond markets again in May, sending yields to multi-decade highs as traders priced in central bank rate hikes - only for signs of progress in peace talks and weak economic data to bring them sharply lower again.
Although a clear end to the conflict would bring immediate relief and...
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The value of retail central bank digital currency (CBDC) in circulation declined by 24.08 per cent in 2025-26, despite the continuous pilot use cases for the currency by the Reserve Bank of India (RBI).
According to the RBI's annual report, the value of bank notes in circulation in digital form through 'e...
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The finance ministry on Friday launched a single unified online platform for citizens to search and trace unclaimed bank deposits, insurance claims, shares and mutual funds across the financial ecosystem.
The initiative is expected to enhance public awareness, improve ease of access to information and cont...
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India's foreign exchange reserves fell by $7.5 billion to $681.3 billion in the week ended May 22, as the RBI intervened to protect the rupee from depreciating past the 97 per dollar mark.
The rupee fell to a record low of 96.96 on May 20. The fall in reserves also comes amid revaluation in gold reserves. ...
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The first signs of foreign portfolio investors (FPI) returning to Indian markets may already be emerging. On May 18, 2026, FPIs were net buyers of Rs 2,813.69 crore in the equity cash market after US President Donald Trump paused fresh strikes on Iran and crude prices eased sharply. While one session does not...
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At first glance, the numbers appear contradictory. More investors are stopping their mutual fund SIPs than starting new ones, yet monthly SIP inflows are touching record highs. In March 2026, the SIP stoppage ratio crossed 100%, meaning the number of SIP accounts discontinued or completed exceeded fresh regis...
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GLOBAL CORPORATE
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The EU's trade and investment relationship with China is "not sustainable", the European Commission said on Friday, vowing a stronger response as commissioners discussed how best to shield Europe's industries from surging Chinese imports.
Commissioners were pitching ideas ahead of an EU leaders' summit on ...
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The U.S. Space Force said on Friday it has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion deal for a satellite program designed to track and target airborne threats.
The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, combining space-based se...
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Yum Brands is in exclusive talks to sell its Pizza Hut chain to private-equity firm LongRange Capital, a source familiar with the matter said on Friday.
The two parties are advancing in discussions about a potential deal that could come together in several weeks, the source said, adding there is no guarant...
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Roughly one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a slow, stealthy trickle.
Twenty-nine of the 109 bigger vessels, those capable of hauling 700,000 barrels or more, which were stranded when the Strait of Horm...
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The United States announced Friday that it is "dismantling a sophisticated Iranian network" used to obtain sensitive military technology.
The network "impersonated and defrauded" dozens of American technology companies out of millions of dollars to "acquire advanced equipment -- including spectrum analyzer...
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As artificial intelligence grows bigger and more powerful, one problem is becoming impossible to ignore that is energy. Training and running advanced AI models requires massive amounts of data to move constantly between chips, servers and data centres.
Today, most of that data travels through electrical si...
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RBI
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Even though the rupee has approached a critical depreciation threshold, India is unlikely to reopen a special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit window similar to the one introduced during the 2013 “taper tantrum”, as the country’s forex reserves remain strong and US dollar interest rates ...
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Banking
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The Indian banking industry's return on assets (RoA) is expected to slip 10-15 basis points to 1.1-1.2% this fiscal from around 1.3% last fiscal, Crisil Ratings said in a report, citing reduced treasury income and pre-emptive provisioning ahead of the expected credit loss (ECL) framework. Despite the moderat...
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India’s banking sector reported a 46% year-on-year jump in frauds to Rs 48,021 crore in FY26, the highest in three years, even as the number of fraud cases more than halved to 10,114 from 23,722 in FY25, according to the Reserve Bank of India’s Annual Report. The fraud amount in FY26 was more than four times ...
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Bank credit stood at Rs 211.87 lakh crore as on May 15, largely flat compared with the previous fortnight, registering a marginal decline of 0.1%, according to data released by the Reserve Bank of India on Friday. On a year-on-year basis, advances grew 16.2%, translating into an absolute increase of Rs 29.59 ...
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GLOBAL ECONOMY
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Indonesia's annual inflation rate likely accelerated in May to 2.97%, a Reuters poll showed on Friday, closer to the upper end of the central bank's target range amid rising prices of non-subsidised fuel, airfares and cooking oil....
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Italy's unemployment rate fell slightly to 5.1% in April and a net 123,000 jobs were created during the month, national statistics bureau ISTAT reported on Friday.
• The jobless rate was below a median forecast of 5.3% in a Reu...
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Taiwan's tech-driven economy is expected to grow at its fastest pace in 16 years in 2026, the government statistics agency said on Friday, thanks to booming demand for artificial intelligence-related technologies.
Gross domesti...
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Inflation fell in four key German states in May, preliminary data showed on Friday, suggesting Germany's national inflation rate could ease this month despite higher energy prices due to the Iran war.
In Bavaria, the inflation ...
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Italian EU-harmonised consumer prices (HICP) rose by 0.4% in May from the month before, with the annual inflation rate surging to 3.3% from 2.8% in April amid increasing energy costs due to turmoil in the Middle East, preliminary ...
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Bank of England Governor Andrew Bailey said on Friday that allowing inflation to run above the central bank's 2% target is justified given the uncertainty about the impact of the Iran war on the economy and the weak pace of growth...
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Nigerian President Bola Ahmed Tinubu said on Friday his economic reforms stabilised the country and revived investor confidence, despite a steep cost-of-living squeeze on households three years into his presidency.
Tinubu, who ...
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Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited effect as the currency hovers near the same levels that prompted To...
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Italy's economy grew by 0.3% in the first quarter from the previous three months, boosted by strong exports, national statistics bureau ISTAT said on Friday, revising up a previous printout pointing to a 0.2% expansion.
The mai...
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Inflation in the euro zone's four largest economies hovered above the European Central Bank's 2% target for a third straight month in May, preliminary data showed on Friday, as a rise in fuel costs triggered by the Iran war began ...
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Brazil's economy rebounded in the first three months of 2026, supported by household consumption and stronger investment, against a backdrop of a tight labour market and government stimulus that has clouded the outlook for interes...
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The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was unlikely to be sustainable, with businesses ramping up investment in artif...
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Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation.
The potential...
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INDIAN CORPORATE
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Vedanta Group on Friday said that it has received its highest domestic credit rating in over a decade after rating agency ICRA upgraded the long-term ratings of its key group entities to AA+.
Securities with an AA+ rating are c...
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China's SAIC Motor will sell a further 10% stake in its Indian carmaking venture, JSW MG Motor, two sources with direct knowledge of the matter told Reuters, in a deal that will make local partner JSW the biggest shareholder of th...
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Defence PSU BEML posted a year-on-year (YoY) decline in its consolidated net profit to Rs 179.82 crore in Q4FY26 from Rs 287.55 crore reported in Q4FY25. The company’s revenue from operations rose 8.57% to its highest-ever quarter...
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Reliance Industries Limited is targeting the start of commercial-scale production at its battery giga-factory around July, while simultaneously increasing its planned annual manufacturing capacity to 40 gigawatt hours (GWh) of lit...
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InterGlobe Aviation (IndiGo) posted a consolidated net loss of 2,536.9 crore for the March quarter, compared with a profit of 3,067.5 crore a year earlier, as foreign exchange losses, elevated costs, and exceptional charges weighe...
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Asian Paints‘ fourth-quarter (Q4FY26) profit and revenue numbers beat estimates amid demand momentum seen during the period. An exceptional item of Rs 183 crore in the year-ago quarter also contributed to the sharp rise seen this ...
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Mid-tier IT services firm Happiest Minds Technologies on Friday reported a 51.7% growth in consolidated net profit to Rs 61.17 crore for the fourth quarter of FY26, up from Rs 40.3 crore in the previous quarter. The Bengaluru-base...
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