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“With Covid-19 restrictions now a thing of the past, customer spending on movies, events, food and beverages, and other entertainment avenues are on the rise again. We hope to capitalise on this opportunity and enhance our versatile product portfolio,” said Utkarsh Saxena, Head Product - Credit Cards, RBL Bank. “Our partnership with BookMyShow for the launch of 'Play' credit card is a step in that direction as it gives us exclusive access to India's young and tech-savvy entertainment audiences to stay relevant with the times.”

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The RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May, with further hikes likely on the cards.

The bank had crossed the Rs 5 lakh crore mark in January 2021, the bank said in a statement, adding it is the first lender to achieve the Rs 6 lakh crore milestone in the residential home category.

Earlier, the RBI opposed the proposal allowing ARCs to bid for debt resolution under bankruptcy courts. The RBI now said that ARCs with a minimum net owned fund of Rs 1,000 crore can act as resolution applicants.

Citing a "material risk" to financial stability after pension firms were hit by the turmoil, the BoE split its programme to buy up to 10 billion pounds of British gilts each day to include up to 5 billion pounds of index-linked bonds.