MarketConnected Global Updates:* **Topic in Trend: India is seeing surge in Nonbank lending -According to Fitch Group, lending by non-banking finance companies jumped 40% to an estimated $200 billion in the two years ended in March, versus growth of 15% to $1100 billion. -New York based Apollo Global Management invested $300 million to buy GE Capital Services India, Credit Suisse Group put $20 million in Hero Fincorp Ltd and Goldman Sachs has invested in IndoStar Capital Finance Ltd. -According to recent research in finance sector, Surge in lending by Non banking finance companies is due to the following reasons: —Banks do'not like to do small transactions like lending to truck and van drivers and such individuals. —Indian banks are weighed down by bad loans. Nearly 5.7% of loans at Indian banks were nonperforming last year, compared with 1.5% for U.S. banks, according to World Bank figures. **News: Europe: -ECB tells Monte dei Paschi it needs to raise 8.8 billion eu...