Search For "central bank of"
Indian PSU banks post market cap declines in January-March quarter
Updated : 1 year, 1 month ago IST
Seven of the 12 biggest Indian banks that reported a decline in their market cap in the January-March 2025 quarter were state-owned, according to S&P Global Market Intelligence data and analysis.
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Public Sector Banks Embrace AI-driven Debt Collection with Spocto X, Boost
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], April 3: Public Sector Banks (PSBs) are rapidly embracing AI-powered digital solutions to revolutionize debt collections, driven by the urgent need to reduce Non-Performing Assets (NPAs) and enhance recovery outcomes. Leading this transformation is Spocto X-a Yu
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Al Etihad Payments, Mastercard collaborate to launch 'Jaywan - Mastercard'
Updated : 1 year, 2 months ago IST
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has partnered with Mastercard to launch "Jaywan - Mastercard" co-badged debit and prepaid cards. The new cards will enhance digital payments in the UAE by offering secure and seamless transactions, including e-commerce
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UAE banking sector hits all-time-high of AED502.6 billion in capital, rese
Updated : 1 year, 6 months ago IST
A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating within the UAE exceeded AED500 billion for the first time.
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CBUAE reviews latest developments in exchange businesses
Updated : 1 year, 8 months ago IST
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted a high-level roundtable with the Chairman and representatives of the Foreign Exchange and Remittance Group, to discuss updates and developments in the exchange business in the UAE, in the presence of the CBUAE As
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Kenya's forex reserves decline due to foreign debt repayments, particularl
Updated : 1 year, 10 months ago IST
Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9 billion) over the past week, following substantial repayments of external debt.
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UAE: CBUAE, Bank Indonesia sign MoU to bolster cooperation in payments spa
Updated : 1 year, 10 months ago IST
The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have today signed a Memorandum of Understanding (MoU) aimed at establishing a framework to enhance bilateral cooperation in the area of payment systems.
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Banks in Abu Dhabi pump AED 45.8 bn in financial facilities in first four
Updated : 1 year, 10 months ago IST
Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 percent or AED 45.8 billion to AED 961.9 billion from AED915.9 billion at the end of last year, according to UAE banking indicators by emirate released by the Central Bank of the UAE
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 11 months ago IST
In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE) stated that the value of these liquid assets increased on a quarterly (q-o-q) basis by 5.7 per cent, or AED42.7 billion, compared to approximately AED743.95 billion at the end o
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CBUAE's gold reserves see 12.6 per cent YoY growth by end of March 2024
Updated : 1 year, 11 months ago IST
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, marking a year-on-year (YoY) growth of 12.6 percent from AED17.41 billion in March 2023.
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UAE: CBUAE maintains base rate at 5.40 per cent
Updated : 1 year, 11 months ago IST
This decision was taken following the US Federal Reserve's announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.
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UAE: General Budget Committee discusses draft general budget for fiscal ye
Updated : 1 year, 11 months ago IST
The meeting, held at Qasr Al Watan in Abu Dhabi, was also attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; and Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), in addition to r
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