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CATEGORY

Banking

Get to know the latest news from the world of banking over here. Read about the latest financial decisions, banking laws and much more.

Banking

SBM Bank (India) And The Reserve Bank Of India Currently In Discussions

Staff -
SBM Bank (India) has been instructed by the Reserve Bank of India (RBI) to cease all transactions under the Liberalized Remittance Scheme (LRS) until...
Banking

India: RBI Directs SBM Bank (India) Ltd To Stop Outward Remittance Transactions

Vaishali Shastri -
The Reserve Bank of India (RBI) has directed SBM Bank (India) to end all transactions under the liberalized remittance scheme (LRS) until further notice....
Banking

Harvesh Kumar Seegolam Is The Central Banker Of The Year For Africa

Staff -
The Banker has conferred on 4 January 2023 its 2023 Central Banker of the Year award for Africa to the Governor of the Bank...
Banking

Key Repo Rate (KRR) Raised By 50 Basis Points To 4.50 Percent Per Annum

Staff -
The Monetary Policy Committee (MPC) of the Bank has unanimously decided to pursue the normalization process which it has embarked on since the beginning...
Banking

Raoul Gufflet Is The New Group CEO Of SBM Holdings Ltd

Staff -
The Board of Directors of SBM Holdings Ltd announces on November 30, 2022 the appointment of Raoul Gufflet as Group CEO of SBM Holdings...
Banking

The BoM Sold Another $100 Million On The Foreign Exchange Market

Staff -
The Bank of Mauritius (BoM) has once again intervened in the foreign exchange market. On Wednesday, it sold $100 million at Rs 43.65 each...
Banking

October 2022: Gross Official International Reserves Stood At USD 6,507.7 Million, 13.5 Months Of Imports

Staff -
Central banks around the world have begun reporting large losses in recent months as they wind down pandemic-era bond-buying programs, while also rapidly raising interest...
Banking

Bank Of Mauritius Elected President Of The Groupe Des Superviseurs Bancaires Francophones

Staff -
The Groupe des Superviseurs Bancaires Francophones (GSBF) unanimously elected the Bank of Mauritius, represented by Mr Kona Yerokunondu, First Vice-Governor and Mrs Pauline Charazac,...
Banking

The Bank Of Mauritius Intervenes Once Again In The Currency Market

Staff -
The Central Bank sold $100 million at Rs 43.70 per unit today. The Bank of Mauritius has been monitoring the currency market for some...
Banking

SBM Group Posts After-Tax Profits Of Rs 2.8 Billion

Staff -
SBM Group released its financial statement on Thursday, November 10, 2022. For the nine months ended September 30, 2022, it maintains its growth momentum...
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