Banks disbursed Rs 2.2 trillion to the non-government sector, including the private sector and NBFCs, during the first five months of FY25, as they aimed to meet their advance-to-deposit ratio (ADR). The goal set by the government. Under the 2024-25 budget, banks that fail to raise the daily access rate to 50% by December 31 … Read more
Pakistani banks are adding new fees on some savings accounts to discourage deposit inflows, as they seek to boost their loan-to-deposit ratio to avoid a punitive tax from the government. Meezan Bank Limited, the country’s largest bank by profit, said in an email to its customers that it would impose a 5% monthly fee on … Read more
The image shows different social media app icons including WhatsApp. — Unsplash/File Worryingly, scammers are targeting pensioners on WhatsApp in India, as the deadline for government pensioners to submit the Jeevan Pramaan certificate approaches. The certificate must be submitted each year in November to approved pension payment agencies, such as banks. In a bid to … Read more