banks

Financial markets were pricing in a 66% chance of a quarter-point cut

The waiver, which was due to expire at the end of June, allows Israeli banks to process shekel payments for services

Leave nothing for private sector to finance their businesses

Considers whether to scrap 15% tax on banks or collect more

Rules target trillions in public funds parked by ministries, departments in commercial banks

Private sector’s expertise, capital should be utilised to reform banks and power sector

Ambassador Abdula emphasised that Ethiopian government would facilitate businesses, enhancing bilateral trade

Imposes fines of Rs775.54m on financial entities amid low foreign reserves

Part of major push to expand resources available to help poor countries fight climate change

Urges banks to prioritise sector, calls it backbone of economy

Govt will collect 10-16% in taxes if bank credit drops below 50% of deposits

Govt mulls settling high interest on $88m PIA loan without restructuring

Complains banks ignoring SBP’s orders for utilising retained funds

Five commercial banks accused of playing role in Rs70b worth of money laundering

With this, industries relying on bank borrowing will get affordable credit

Banks earned extraordinary profits of Rs110b in 2021 and 2022

Senate body told Rs69.5b money-laundering committed in last five years

Aims to meet financial needs of underserved population

It is attributed to surge in policy rate, investment in govt debt

Govt’s borrowing from banks has increased significantly in recent years

Previously, deposits were sent to either Signature Bank or Silvergate Capital Corp, both were crypto-friendly banks

NPLs have increased by almost 3% to Rs938.67 billion in the quarter ended December 31, 2022

Decision to impose taxes on banks involved in currency manipulation still pending

Banking sector concerns drive sharp moves in financial stocks after collapse of US lenders

Govt raised Rs1.14tr through sale of T-bills to meet its expenditures

Repurchase highlights efforts to shore up sentiment

Agreement comes after jitters stemmed from Western banks

Banks will deduct 2.5% of amount in bank accounts as zakat on 1st Ramazan

Yellen made no reference to Credit Suisse situation, which saw its shares plunge

Insists US banks are ‘safe’, investors knew of risks

Rs5.5 trillion to be used to return old maturing debt

Minister says balloting to be held on April 5

Spike in interest rates led to a sell-off in bonds, leaving banks exposed

Some of Europe's biggest banks saw their shares tumble in their largest decline in nine months

China’s economy hit hard due to harsh Covid-19 restrictions

Says banks’ high exposure links their credit profile to that of the government

New arrangement will enable banks to lend without competitive bidding

At present, 20% of commercial banks have adopted Islamic banking

Researcher says govt could collect additional Rs12-36b with tax on banks’ FX income

S&P 500 banks index slumps around 11% this month

Central bank also provides Rs40.5b to Shariah-compliant banks for 70 days

Says risks are best addressed through a concerted response by all stakeholders

SBP focuses on rupee-dollar trade volumes, those most actively involved in trade

Decline in deposits dampens private sector’s hope for more credit in October

FX business, amid rupee value free fall, drove revenue growth

Petroleum product prices have increased resulting in lower sales volumes and higher business costs

Banks representatives did not deny they quoted higher dollar rates to importers

The Depositors' Union, an advocacy group has established to help clients get access to their funds

Advises them not to drag matters and pay required amount to complainants

'Banks must establish counters at designated branches to collect Hajj applications'