Indian PSU banks post market cap decline in January-March quarter

Seven of the 12 biggest Indian banks that reported a decline in their market cap in the January-March 2025 quarter...

Public Sector Banks Embrace AI-driven Debt Collection

Mumbai (Maharashtra) [India], April 3: Public Sector Banks (PSBs) are rapidly embracing AI-powered digital solutions...

AEP, Mastercard Launch Jaywan

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has partnered with Mastercard to launch...

UAE banking sector hits all-time-high of AED502.6 billion

A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves...

CBUAE reviews latest developments in exchange businesses

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted a high-level roundtable with the...

Kenya's forex reserves decline due to foreign debt repayments

Kenya's foreign exchange reserves have experienced a significant drop of USD 487 million (approximately KES 63.9...

CBUAE, Bank Indonesia sign MoU to bolster cooperation in payments

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have today signed a Memorandum of Understanding (MoU)...

Banks in Abu Dhabi pump AED 45.8 bn in financial facilities

Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5...

UAE's banking sector liquid assets stand at AED786.6 billion in Q

In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE)...

CBUAE's gold reserves see 12.6 per cent YoY growth by end March

The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March...

UAE: CBUAE maintains base rate at 5.40 per cent

This decision was taken following the US Federal Reserve's announcement today to keep the Interest Rate on Reserve...

UAE: General Budget Committee discusses draft general budget

The meeting, held at Qasr Al Watan in Abu Dhabi, was also attended by Mohammad bin Abdullah Al Gergawi, Minister of...