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Loans to real estate rise four-fold in February
Loans to real estate rise four-fold in February

In February, bank lending increased by 16.5 percent, with loans to industry and services growing faster while retail loans growth moderated, as per RBI data. Non-food bank credit rose by 16.5 percent year-on-year, compared to 15.9 percent last year. Retail loans growth slowed to 18.1 percent, mainly due to decreased growth in vehicle loans and personal loans.

Rs 2000 banknotes: Exchange, deposit at RBI offices wont be available on April 1
Rs 2000 banknotes: Exchange, deposit at RBI offices wont be available on April 1

p b New Delhi /b : The window for the exchange or deposit of Rs 2000 banknotes at RBI regional offices will not be available on Monday, April 1, RBI said on Thursday. /p p The central bank cited operations related to Annual Closing of Accounts as the reason behind the unavailability of exchange and deposit services. The facility will resume on Tuesday. /p p About 2.4 per cent of the

Stock market today: Sensex jumps over 1,000 points, Nifty 50 nears 22,500; 5 key reasons why share market is up today
Stock market today: Sensex jumps over 1,000 points, Nifty 50 nears 22,500; 5 key reasons why share market is up today

Stock market today: All the sectoral indices traded higher with Nifty Metals, Nifty PSU Bank, Nifty Financial Services, Nifty IT and Nifty Auto gaining the most.

GLN International expands QR payment network to the Philippines, partners with AUB
GLN International expands QR payment network to the Philippines, partners with AUB

b - GLN has expanded its QR payment network to the Philippines through a strategic partnership with Asia United Bank (AUB). /b b - Under the agreement, tourists to the Philippines will be able to pay seamlessly at QRPh merchants, a national QR payment network operated in the country, using the digital wallets in GLN's network. /b b - GLN's payment network now includes seven countries and

Indian lenders and Gazprombank in talks for deepening banking services
Indian lenders and Gazprombank in talks for deepening banking services

Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade support. Gazprombank aims to expand its operations in India and has engaged with Indian bankers to explore strengthening banking ties. The talks come amid challenges in international trade due to US-led sanctions on Russia. Gazprombank shared detail

Nifty 50, other indices rejig tomorrow: Shriram Finance, HDFC Bank, Jio Finance, Adani Power to see highest inflows
Nifty 50, other indices rejig tomorrow: Shriram Finance, HDFC Bank, Jio Finance, Adani Power to see highest inflows

Nifty indices rejig is estimated to lead to inflows worth $652 million in stocks such as Shriram Finance, HDFC Bank, Jio Financial Services, NTPC, Adani Power, and some others.

Avanse Financial Services secures Rs 1,000 crore investment from Mubadala and Avendus PE
Avanse Financial Services secures Rs 1,000 crore investment from Mubadala and Avendus PE

Warburg Pincus-backed Avanse Financial Services has secured Rs 1,000 crore equity investment from Mubadala Investment Company and Avendus PE Investment Advisors. The education-focused non -banking financial company aims to enhance its brand, digital solutions, and product range with the funding. Avanse provides educational loans globally and supports Indian academic institutions. AUM reaches Rs 12,

AirAsia Boarding Pass now comes with up to 10,000 THB in Privileges
AirAsia Boarding Pass now comes with up to 10,000 THB in Privileges

p b AirAsia has onboarded 18 partners for the AirAsia Boarding Pass Privileges campaign, with the aim of attracting international travellers to Thailand and offering them discounts on shops, restaurants and services worth up to 10,000 THB. /b /p p Foreign visitors with an AirAsia Boarding Pass indicating an international route into Thailand just need to present the pass and their passpor

Network International leverages Mastercard's AI-powered Brighterion solution to protect over 60,000 merchants from fraud
Network International leverages Mastercard's AI-powered Brighterion solution to protect over 60,000 merchants from fraud

p b Network International, the leading enabler of digital commerce across the Middle East and Africa, has extended the benefits of Mastercard's Brighterion fraud prevention solution, powered by artificial intelligence (AI), to over 60,000 merchants. /b The two partners are leveraging the cutting-edge technology to protect and grow the payments industry by providing transaction fraud screenin

5 PSU banks to reduce govt shareholding to meet MPS norms
5 PSU banks to reduce govt shareholding to meet MPS norms

Five public sector lenders, including Bank of Maharashtra, IOB, and UCO Bank, plan to decrease government ownership to under 75% to meet Sebi's minimum public shareholding (MPS) requirements. While four out of 12 public sector banks already comply, the remaining five are formulating plans to fulfill the MPS condition by August 2024. Financial Services Secretary Vivek Joshi highlighted that banks h

Stock market bounces back: Sensex surges 335 points, Nifty up 148 points
Stock market bounces back: Sensex surges 335 points, Nifty up 148 points

p In a significant turnaround, the Indian stock market witnessed a notable rebound on Thursday, with the benchmark Sensex climbing 335 points and the Nifty breaching the 22,100 level. The recovery was primarily driven by increased buying activity in IT and metal shares, marking a resurgence after the previous days sharp declines. /p b b Key market movements /b /b p b Sensex perform

Markets trade lower in early trade on fresh foreign fund outflows
Markets trade lower in early trade on fresh foreign fund outflows

p b Mumbai: /b Equity benchmark indices extended their previous days bearish trend and declined in the early trade on Thursday amid heavy foreign fund outflows and mixed trends from the global markets. /p p The 30-share BSE Sensex dropped 264.7 points to 72,497.19, while the Nifty declined 80.2 points to 21,917.50. /p p From the Sensex pack, Bajaj Finance, Tata Steel, JSW Steel, Tata