Banks Mauritius
Highly Leveraged Firms: Banks Show Caution
Companies in different sectors of the economy are in debt to the tune of Rs 281.2 billion from banks, according to the latest data from the Bank of Mauritius. This situation is being closely monitored in the banking sector.
16 Jul 2013, business.mega.mu
AACB: Maurice Welcomes African Central Banks
The Bank of Mauritius (BoM) will host the 19th to 23rd August at the Maritim Hotel, Balaclava, the 37th meeting of the Association of African Central Banks (AACB).
12 Jul 2013, business.mega.mu
Why Some of the World's Most Productive People Have Empty Schedules
Back in 1991, Warren Buffett met Bill Gates, though as he tells career community website Levo League, neither of them were excited to see one another. But it turned out they had a great time talking—and during the course of the conversation, Buffett pulled out the little black date book that he carries in his pocket. He flipped through it: The pages were practically empty.
12 Jul 2013, business.mega.mu
Transferring Money Abroad: Banks Drain Your Wallet
Rs 900: This is the amount that a customer of a commercial bank paid for the transfer of money abroad, upon receipt of a letter to that effect. By signing the application for the transfer of money, it was well accepted that the transfer costs are deducted from his account, but he had not been informed of the amount of these costs.
10 Jul 2013, business.mega.mu
New Online Scam
Mauritians clients and non-clients of ABC Banking Corporation have received a suspicious email last week.
07 Jul 2013, business.mega.mu
Banks Rating: Main Banks Get Rating "Satisfactory"
The major commercial banks in the country have achieved "satisfactory" rating according to the CAMEL Ratings of the Bank of Mauritius, released Friday. This classification, which is published twice a year (June and December), takes into account the financial performance of commercial banks in the quarter ending 31 December 2012.
01 Jul 2013, business.mega.mu
MCB: No Service For Two Hours at Saturday
Several departments of the Mauritius Commercial Bank (MCB) - ATM, credit card, Internet Banking, SMS Banking and SMS Refill - were out of Saturday for about two hours.
01 Jul 2013, business.mega.mu
HSBC: Dean Lam Succeeds James Boucher
Dean Lam was appointed managing director of HSBC Bank (Mauritius) Ltd, whose operations are concentrated in the area of Global Business. On July 1, he officially takes over at James Boucher, who will occupy new positions at HSBC in Hong Kong, that after three and a half years in Mauritius.
27 Jun 2013, business.mega.mu
Entrepreneurship: Barclays Educates Young
Barclays Bank was organized in the month a working session with sixty young people to raise awareness of entrepreneurship.
26 Jun 2013, business.mega.mu
Lower Interest Rates: 4 Dangers For Economy ... and Average People
The Monetary Policy Committee of the Bank of Mauritius decreased the Repo Rate by 25 basis points on Monday, bringing it to 4.65%. It should be noted that the decline in interest rates is a double-edged sword. If borrowers and investors benefit from such a measure, however, investors pay the piper. Here behind the scenes!
25 Jun 2013, business.mega.mu
Terra Becomes a Shareholder of the Bank Banyan Tree
The Banyan Tree Bank, the newest of the country's commercial banks, has accepted an equity conglomerate Terra in his capital. This reinforces the commitment to Terra to consolidate its presence in financial services, following the acquisition in 2011, a significant share of the Swan Insurance.
20 Jun 2013, business.mega.mu
Restructuring Considered in DBM
Since the end of last week, meetings are linked to the Development Bank of Mauritius Ltd (DBM). Discussions with consultants Deloitte, the Ministry of Finance and the 'Steering Committee', focuses on the restructuring of the bank.
20 Jun 2013, business.mega.mu
Affaire Ponzi, Know Your Client : La Règle d’Or des Banques
Les cinq banques mises à l’amende pour avoir failli à leurs tâches de détecter le mouvement de grosses sommes dans le sillage des différentes affaires de Ponzi, ayant fait des milliers de victimes, ont été sous les feux des projecteurs ces derniers jours.
19 Jun 2013, business.mega.mu
Rate Cut, Savings: Retirees Gain Crumbs
Unheard of! If banks charge lower interest rate, in the order of 25 basis points rate savings turn averaged around 3.4%. They are retirees who depend on interest income on their savings to survive, who will suffer most.
19 Jun 2013, business.mega.mu
Ponzy Schemes: Five Banks (MCB, SBM, SBI, MPCB, AfrAsia) May Appeal
The names of the five banks will have to pay fines for failing to comply with the directives on money laundering scams alleged Ponzi scheme are now known. It is the Mauritius Commercial Bank, State Bank of Mauritius, the State Bank of India, the Mauritius Post and Cooperative Bank and Bank AfrAsia.
13 Jun 2013, business.mega.mu
Non-Compliance: Names of the Five Punished Banks Known
Radio Plus revealed Wednesday, June 12 the names of the five banks will be penalized for failing to comply with strict guidelines on money laundering scams under the Ponzi scheme. This is the Mauritius Commercial Bank, State Bank of Mauritius, the State Bank of India, the Mauritius Post and Cooperative Bank and Bank AfrAsia.
13 Jun 2013, business.mega.mu
Students Credit: SBM Revises Its Offer
The State Bank of Mauritius (SBM) has revised the terms of its student loan 'SBM Achiever'. The bank explained that the operation aims to "better meet the financing needs of students enrolled at the University or in a training center both in Mauritius and abroad."
13 Jun 2013, business.mega.mu
Sanctions Will Fall: Five Banks Liable to Fine
The five banks know their individual penalties for failing to comply with strict guidelines on money laundering scams under the Ponzi scheme. According Rundheersing Bheenick, the "price tag" for "not having been prudent."
13 Jun 2013, business.mega.mu
Banking: Kee Chong Li Kowng Wing and Swadick Nuthay
The banking sector is in a zone of turbulence. The Governor of the Bank of Mauritius announced that five banks will bail "heavy fines" in the wake of scandals in the Ponzi scheme.
11 Jun 2013, business.mega.mu
Bheenick Reminds Banks to Order
Banks tainted by scandal financial scams related Ponzi scheme, four others who have experienced setbacks in India ... At the annual dinner of the Mauritius Bankers Association, Thursday, June 6, the Governor of the Central Bank, Rundheersing Bheenick are not gone dead hand, urging bankers to be more vigilant. Reminding them of their duty in particular, through two basic rules.
11 Jun 2013, business.mega.mu