State Bank of India (SBI)
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BusinessBML denies funding $50 million debt repayment to SBI
Bank of Maldives denied claims that it provided $50 million to the government for debt repayment to the State Bank of India. The bank clarified that no customer deposits or internal resources were used for the payment. BML maintained its financial stability despite ongoing dollar liquidity challenges and warned against spreading misinformation.
NewsExclusive: Maldives sought extension on $50M India debt
The Maldives government requested a further extension to repay a final $50 million debt installment to India, but the request was denied. Despite the refusal, the Maldives settled the payment last week using its Sovereign Development Fund. This follows previous rollovers and a $50 million grant provided by India earlier this year.
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Government settles final $50 million debt to SBI
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Insufficient funds for essentials after repaying $50 million loan
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Indian High Commissioner inspects Addu airport work
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800 Indian expats petition Muizzu over remittance limit
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India to rollover USD 50 million owed by Maldives
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SBI granted permission to sell island to recover MVR 869 million
Business
MVR 40 billion issued as loans to businesses and individuals!
Business
'Favara' instant payment system inaugurated
Business
