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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

Key Repo Rate Remains Unchanged at 1.85%

Staff -
The monetary policy committee met on Wednesday, December 15, 2021 at the Bank of Mauritius. It was decided to keep the main policy rate...
Banking

The Bank Of Mauritius Continues To Intervene On The Foreign Exchange Market

Staff -
In June, the Bank of Mauritius’ (BoM) intervention on the foreign exchange market took economic stakeholders aback. A 3.5% depreciation of the Mauritian Rupee...
Banking

The Bank Of Mauritius Launches Its Guidelines On Private Banking And Digital Banks

Staff -
The Bank of Mauritius (Bank) has issued today an amended Guideline on Private Banking and a new Guideline for Digital Banks. The two guidelines...
Banking

Public Notice: Scam Alert – “ACLASSBANK”

Staff -
The public is hereby informed that an entity by the name of “ACLASSBANK”, purporting to be an investment company registered with the Corporate and...
Banking

BoM Holds Workshop On Beneficial Ownership To Enhance Role Of DNFBP Supervisors

Staff -
A workshop on Beneficial Ownership Disclosure Frameworks aiming to assess and enhance the role of Designated Non-Financial Business and Professions (DNFBP) supervisors to ensure...
Banking

Harvesh Kumar Seegolam Among The Top 40 Digital Leaders Of Africa

Staff -
It is with great pleasure that we note that the Governor of the Bank of Mauritius (BoM) Harvesh Kumar Seegolam has been placed among...
Banking

SBM Bank (Mauritius) Ltd. Posted A Profit Of Rs 1.59 Billion For The Nine Months Ended September 30, 2021

Staff -
SBM Bank (Mauritius) Ltd has posted a profit of Rs 1.59 billion, up 12%, for the nine months ended September 30, 2021. During the...
Banking

Bank’s Risk Highly Depended On Organisational Culture… Can That Be Measured By Data?

Dr Chiragra Chakrabarty -
Experts in this field often cite ‘bad’ or ‘toxic’ cultures as the root cause of major prudential and conduct failings in financial services in...
Banking

Banking Community Rejoices As Mauritius Exits UK High-Risk Third Countries List

Staff -
As predicted by the experts on good governance, once Mauritius is out of the Financial Action Task Force (FATF) list of countries under increased...
Indian Ocean Region

Banks In Seychelles Transitioning Foreign Currency Loans Away From LIBOR

Staff -
The contracts of around 185 clients with foreign exchange loans in Seychelles will be amended as commercial banks transition from LIBOR, one of the...
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