APN News

  • Thursday, March, 2021| Today's Market | Current Time: 12:24:50
  • State Bank of India revises FY21 GDP estimates to -7.0 pct

    State Bank of India’s Economic Research Department revised FY21 GDP estimates to -7.0%. Previously it had estimated GDP at -7.4%. As per the report authored by SBI’s Group Chief Economic Advisor Dr. Soumya Kanti Ghosh, based on ‘SBI Nowcasting Model’ the  GDP growth forecast for Q3 would be around 0.3%. Apart from Q3 FY21, the […]

    NeoGrowth launches Vendor Finance Express, a fast approval loan product for supply chain finance requirements of SMEs in India

    New Delhi: NeoGrowth Credit, a leading fintech NBFC lending to MSMEs, has launched a new loan product called Vendor Finance Express, which is a faster, leaner, and simplified version of supply chain financing solution for suppliers of large corporates. Growth and profitability of a business are crucial for its existence and survival. For small businesses […]

    Paytm empowers tenants with Rent Payments through credit cards, announces a Rs 1000 cashback

    Mumbai: India’s leading digital financial services platform Paytm has today announced the expansion of its Rent Payments feature. Now, the tenants can also transfer their monthly rent instantly to the bank account of their landlords through their credit cards. The company has also announced a cashback of up to ₹1000 on such transactions. Besides earning […]

    Rupee appreciates four paise to Rs 72.97 against dollar

    In the forex market, the rupee appreciated four paise to 72 rupees and 97 paise against the US dollar.

    RBI releases Annual Report of Ombudsman Schemes for 2019-20

    The Reserve Bank of India (RBI) today released the Annual Report of the Ombudsman Schemes for the year 2019-20. There was an increase of around 65 per cent in the receipt of complaints out of which almost 92 per cent have been disposed of. AIR correspondent reports that RBI has three Ombudsmen- Banking, Non-Banking Finance […]

    PhonePe partners with Axis Bank on UPI Multi-Bank

    PhonePe, India’s leading digital payments platform, today announced that it has partnered with India’s third largest bank, Axis Bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs with Axis Bank’s “@axl” handle. In addition, PhonePe will also start acquiring merchants with Axis Bank  in addition to its […]

    Pine Labs Introduces AllTap App to Empower Small Merchants

    Pine Labs, a leading merchant commerce platform in Asia, today launched AllTap, a feature-rich app that can significantly accelerate digital payments adoption in India. Pine Labs AllTap is a revolutionary new app for small merchants to immediately start accepting digital payments on their NFC-enabled smartphone without the need of any additional hardware. The ‘tap and […]

    PNB Financial Results for the Quarter Ended 31st December 2020

    Financial Results for the Quarter Ended 31st December 2020 All Branches of both eOBC and eUNI’s Finacle system (CBS) Upgraded from Finacle 7 to Finacle 10 and Integrated. More than 18 Crore Customers of PNB 2.0 nowon same Platform. Net Profit at Rs. 506 Crore during Q3 FY21.Gross Global Business reached Rs. 18,09,587 Crore & Global […]

    Statement of MD & CEO, Shri CH. S. S. Mallikarjuna Rao on Monetary Policy announced on February 05, 2021

    The RBI policy announcements are on expected lines in terms of holding of policy rates and maintaining an accommodative stance. The policy has perfectly complemented the Union Budget in supporting the growth impulses. Extending the On Tap TLTRO to NBFCs and incentivizing lending to new MSME borrowers will support lending to these sectors. Unveiling of […]

    RBI Monetary Policy Quote by George Alexander Muthoot, MD at Muthoot Finance

    “RBI expectedly kept the policy rates unchanged and maintained accommodative stance. The Governor’s emphasis on opening TLTROs to NBFCs had been mentioned for the first time, to support stressed sectors. This reiterates the systematically important role of NBFCs in India’s financial system in driving sustainable economic recovery and growth. MPC projected that Inflation is expected […]