by Vasu Jit Kalia | July 15, 2024 | Central Banks
Mumbai, July 15 (IANS): India’s largest lender State Bank of India (SBI) has raised its benchmark marginal cost of lending rate (MCLR) by 5-10 basis points with effect from Monday (July 15). Interest rates on loans linked to MCLR are also likely to go up...
by Jibran Munaf | July 12, 2024 | Banking, Central Banks, News
The UAE’s banking sector continues to show robust growth, with gross bank assets, including bankers’ acceptances, rising by 1.0 percent to AED 4,296.5 billion ($1.17 trillion) at the end of April 2024, up from AED 4,254.5 billion at the end of March 2024,...
by Vasu Jit Kalia | July 12, 2024 | Central Banks
The balance sheet of the Central Bank of the UAE (CBUAE) hit a record AED789.82 billion by the end of April 2024, for the first time of its history, a YoY growth of 25 percent from approximately AED631.63 billion in April 2023, as per a CBUAE report released today. On...
by Jibran Munaf | July 8, 2024 | Banking, Banking Regulations, Central Banks
The bond trade that some of Wall Street’s biggest banks say will dominate the rest of 2024 is gaining steam before a crucial inflation reading that will help seal the wager’s fate. The bet — that the US yield curve will normalize toward a steeper slope — is suddenly...
