Search For "state bank"
Pakistan appoints new State Bank governor
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 28 (ANI): Amid dwindling foreign reserves and the country's ongoing deal with the International Monetary Fund (IMF), Pakistan appointed Jameel Ahmad as the new governor of the State Bank of Pakistan (SBP) for the next five years.
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Pakistan devastating floods cause Sensitive Price Index to peak at 44.58 p
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 27 (ANI): Disruption in the supply of commodities due to the floods in Pakistan has increased the prices of petroleum products which has further resulted in a spike in the Sensitive Price Index to a record high at 44.58 per cent indicating at skyrocketing inflati
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Pak: Foreign currency reserves held by SBP fall USD 87Mn to USD 7.8Bn
Updated : 3 years, 6 months ago IST
Karachi [Pakistan], August 26 (ANI): The foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at USD 7.81 billion, according to data released by the SBP on Thursday as they witnessed a fall of USD 87 million.
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Investors lose confidence in Pakistan amid deteriorating economy
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 25 (ANI): International investors are losing confidence in Pakistan amid a deteriorating economy and intensified political uncertainty.
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Pakistani rupee continues to decline against US dollar
Updated : 3 years, 6 months ago IST
Karachi [Pakistan], August 25 (ANI): Ahead of the International Monetary Fund's (IMF) executive board meeting on August 29 in Washington, the Pakistani rupee continued to decline against the US dollar on Thursday.
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SBI sells KSK Mahanadi Power NPA loan account to Aditya Birla ARC
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): State Bank of India, the country's largest lender, on Friday said it has sold its non-performing asset loan account of KSK Mahanadi Power Company to Aditya Birla ARC Ltd for Rs 1,622 crore.
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SAVE Solutions expands its CSP Services to Ladakh, UT
Updated : 3 years, 7 months ago IST
New Delhi [India], August 19 (ANI/NewsVoir): To facilitate better financial inclusion and to connect the unbanked to the financial systems, SAVE Solutions has opened 3 CSP branches in Kargil and 1 Leh in partnership with the State Bank of India.
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Stock exchange seeks clarification from SBI on distressed loan sale
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): BSE Limited on Tuesday asked the country's largest lender State Bank of India (SBI) to issue a clarification on media reports regarding the sale of Rs 1,622 crore of distressed loan.
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SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): The country's largest lender State Bank of India has initiated insolvency proceedings against Bajaj Hindusthan Sugar Limited, the company informed the stock exchanges on Tuesday.
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Pakistan may borrow another USD 2.8 billion from IMF under Saudi Arabia's
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 15 (ANI): Pakistan claimed that Islamabad has been able to borrow up to USD 2.8 billion against Riyadh's quota of Special Drawing Rights (SDRs) after reports of Saudi Arabia planning to renew a USD 3 billion deposit at the State Bank of Pakistan.
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Pakistan's trade deficit with neighbouring countries swells
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 9 (ANI): Pakistan is currently witnessing a deep trade deficit with neighbouring countries as the country's imports to nine regional countries have risen almost twice in comparison to the exports of the South Asia nation, media reports said citing latest data rel
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SBI shares slump 2.4 per cent on disappointing Q1 earnings
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 8 (ANI): The share price of State Bank of India (SBI) slumped on Monday after the country's largest lender announced 7 per cent decline in its standalone net profit for the quarter ended June 30, 2022.
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