APN News

  • Tuesday, March, 2021| Today's Market | Current Time: 03:31:06

    • Banking

    African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States’ (ECOWAS) digital financial operations

    The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank ABIDJAN, Ivory Coast: The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services […]

    Finance

    PhonePe leads the digital payments market again

    PhonePe, India’s leading digital payments platform today announced that it continues to be the digital payments market leader in February, processing over 970 Million UPI transactions, and over 1.07 Billion total transactions across UPI, Cards and Wallets . PhonePe’s remarkable growth is an indication of strong user preference on the back of the highest end-to-end […]

    Banking

    Fino Payments Bank is now a scheduled bank

    Mumbai: Having made its mark as a profitable payments bank, Fino is now a scheduled commercial bank. RBI has announced through a notification issued dated 22 February 2021 that Fino Payments Bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934.  (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12034&Mode=0) The scheduled commercial bank (also called as scheduled […]

    Finance

    Paytm leads India’s digital payments with 1.2 billion monthly transactions, registers highest growth in offline payments & financial services

    Maintains the highest market share in offline merchant payments with 15% M-o-M growth recording the most number of transactions among all digital payments platform Over 50% of merchant partners hold a bank account with Paytm Payments Bank Registers a steady rise in payment users opting for financial services on the platform Consolidates its leadership position […]

    Banking

    State Bank of India: Ecowrap – GDP grows in Q3FY21 but postulated Q4FY21 GDP decline a statistical aberration reflecting expenditure clean up: GVA a better choice, Q4GVA at 2.7%

    India’s economy exited the recession and grew by 0.4% in Q3 FY21 after contracting 24.4% in Q2 and 7.3% in Q3. India is now one of the few major economies to post growth in the last quarter of calendar year 2020, with improvement in the economy’s performance inversely tied to a drop in Covid-19 infections […]

    Finance

    RBI Governor projects growth rate of 10.5 % for next financial year

    RBI Governor Shaktikanta Das has reiterated that the central bank has projected the country’s growth forecast of 10.5 per cent for the next year. He said, the liquidity will continue to be sufficient and the central bank will make available liquidity at the appropriate times. He added that the Apex bank will see that the […]

    Finance

    How to Use Bitcoin Trading Platforms?

    When it comes to investing and dealing with any of the opportunities that come out of the world of cryptocurrencies, the best thing you can do is find the right approach that will help you reach all of the goals that you have in mind. To put all of this in other words, there are […]

    Banking

    Federal Bank introduces Federal 24 7, an end-to-end virtual banking experience

    The platform offers paperless and instant digital account opening with just a few clicks Federal Bank announced the launch of Federal 24 7, an end-to-end digital platform that will help in opening and managing savings bank accounts without having to visit the bank. Federal 24 7 enables a complete paperless and instant digital savings account […]

    Banking

    Three zones of Central Bank of India received certificates for best Rajbhasa implementation

    Central Bank of India, a public sector bank with consecutive profits for last three quarters has received certificate of excellence for its Mumbai, Chennai and Patna zones in linguistic region A, B & C respectively for best Rajbhasa implementation at a digital Rajbhasha Conference in this week. It was the  ’10th yearly All India Rajbhasha […]

    Finance

    SEBI asks NSE to carry out root cause analysis of ‘trading halt’; Seeks explanation for not migrating to disaster recovery site

    Market regulator, SEBI has advised National Stock Exchange to carry out a detailed root cause analysis of the trading halt witnessed at NSE today and also to explain the reasons for trading not migrating to the disaster recovery site. SEBI has asked NSE to submit its report at the earliest.  It was informed by NSE […]

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