Search For "state bank"
State Bank of Pakistan hikes interest rate to 16 per cent to curb inflatio
Updated : 3 years, 3 months ago IST
The State Bank of Pakistan (SBP) jacked up its policy rate by 16 per cent on Friday, the Express Tribune reported on Friday citing the bank after a meeting of its monetary policy committee (MPC), according to the Express Tribune.
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Pakistan faces currency crisis danger, says Nomura
Updated : 3 years, 3 months ago IST
Apart from Pakistan, the Japanese bank said that there were seven countries including Egypt, Romania, Sri Lanka, Turkey, the Czech Republic, and Hungary now at a high risk of currency crises.
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Pakistan's economy in free fall: POREG
Updated : 3 years, 3 months ago IST
Looking at its falling economy, investors had also started losing their confidence in Pakistan's ability to pay back the loans. Neither, the creditors nor the market is impressed.
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Pakistan's FDI plunges 52 per cent in four months
Updated : 3 years, 3 months ago IST
On Monday, the Pakistan State Bank issued the latest data, showing the FDI fell to USD 348.3 million in July-October FY23 from USD 726.5 million during the same period of the last fiscal year (FY22), the Dawn newspaper reported.
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Pakistan's total debt surges to Rs 12 trillion in first quarter
Updated : 3 years, 3 months ago IST
In the fiscal year, 2022-2023, in July-September the debt and liabilities stood at Rs 62.46 trillion which is more than the same period of last fiscal year, accounting for Rs 50.49 trillion.
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Pakistan's remittances drop amid widening exchange rate gap
Updated : 3 years, 4 months ago IST
The workers' remittances recorded an inflow of USD 2.2 billion in October as compared to the previous month's figure of USD 2.4 billion, the central bank said in its official data last Friday.
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Cyril Amarchand Mangaldas advises on the debt availed by Piramal Critical
Updated : 3 years, 4 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], November 11 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised State Bank of India, London Branch, Axis Bank Limited, IFSC Banking Unit (IBU) GIFT City Branch and HSBC, USA N.A., for debt aggregating up to USD 225 million, availed by Piramal
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CBI arrests two directors of Bharat Papers in bank fraud case
Updated : 3 years, 4 months ago IST
It was alleged that the accused in conspiracy with unknown officials of State Bank of India had cheated the Bank to the tune of Rs 87.88 crore (total amount with interest of around Rs 121.13 crore) during the period from 2006 till 2019 by illegally removing machinery and other parts without
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Jump in digital significantly slowed down growth of currency in circulatio
Updated : 3 years, 4 months ago IST
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
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SBI shares surge nearly 4% to record high of Rs 622 apiece
Updated : 3 years, 4 months ago IST
The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to
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SBI posts 74 pc jump in profit, its highest quarterly profit
Updated : 3 years, 4 months ago IST
In the lender's statement, SBI said its net interest income grew 12.8 per cent to Rs 35,183 crore. Home loan portfolio grew 14 per cent to Rs 5.94 lakh crore and accounted for more than half its retail portfolio of Rs 10.7 lakh crore. It also said corporate loans surged 21 per cent year on y
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No relief for Pakistan as FDI continues to slump
Updated : 3 years, 4 months ago IST
Pakistan's FDI continues to witness a downturn.
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