Top headlines: RBI speaks on inflation; HDFC gets to issue new credit cards

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HDFC Bank can issue new credit cards after the central bank dropped restrictions it imposed last year. India has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award. More on those stories.

HDFC Bank can start issuing credit cards again

In a partial relief to HDFC Bank, the largest private sector bank of the country, the Reserve Bank of India (RBI) has allowed the lender to issue new credit cards, sources in the bank said. In December last year, the banking regulator had directed HDFC Bank not to issue