Banks

Eight Banks Singled Out By Competition Commission
Friday, August 31
The practice of some banks require their customers to take an insurance policy under a mortgage is contrary to our laws. CCM cites eight banks abusing their position.
Un Partenaire Stratégique Envisagé pour la Banque de Développement
Tuesday, August 21
La Development Bank of Mauritius Ltd (DBM) se trouve dans une mauvaise passe. L’organisme se trouve avec une ardoise de Rs 263 millions qui s’est accumulée durant ces dernières années. Face à cette situation la direction cherche des options afin qu’il soit rentable et plus efficace.
Bank of Baroda Opens New Branch at Rose Belle
Saturday, July 28
The Bank of Baroda, which celebrates this year its 50 years of operation in Mauritius, has inaugurated a new branch in Rose Belle, opposite the Area health centre on Wednesday.
Wednesday, July 25
He made a triumphant return to the SBM after leaving it, two years ago to join the Bramer Bank. There is replaced by Ashraf Esmael.
Alleged Mistreatment of Records: The Central Bank Survey of MCB
Monday, July 16
The Bank of Mauritius has initiated an investigation of the Mauritius Commercial Bank (MCB). A customer, whose company was put into "receivership", complained of the treatment of his case. The MCB replies that it will cooperate with the Central Bank.
Two Motorcyclists Rob Barclays Bank on Desforges Street
Saturday, July 14
Two men wearing full-face helmets and carrying swords have committed a robbery at Barclays Bank Desforges Street. No police officer was on duty outside the institution, which facilitated the robbery.
Investment Market: Axys and AfrAsia Rely on Product with Limited Risk and Attractive Returns
Thursday, July 05
The purchase of bonds from a list of selective products such as Treasury bills, bonds issued by the State, or corporate bonds remains a priority in the strategy of both operators.
Fraud: Rs 3M Jaya Gengathora Pillay for 'Laundering'
Friday, June 22
Advance the police in its investigation. A new head has fallen in the case Bramer Bank. A former manager of the State Bank of Rose-Belle, Jaya Gengathora Pillay, was arrested Thursday. It would have helped the beneficiaries of the fraud to be converted and pocket their share of the booty.
Detroit Man Gambles Away $1.5 Million Accidentally Given By ATM
Thursday, June 21
Ronald Page seemingly had it made when Bank of America unintentionally changed his account status, allowing the 55-year-old man to make unlimited ATM cash overdraft withdrawals.
Partnership SBI (Mauritius) and Island Life Insurance: Banking and Insurance Under One Roof
Thursday, May 17
Jugdish S. Hiremath, Managing Director and Chief Executive Officer (CEO) of SBI (Mauritius) Ltd and Vinarayakumar Balakrishnan, General Manager of Island Life Insurance, sealed their alliance at a ceremony Wednesday, May 16, 2012 at Le Labourdonnais , Port Louis to provide all banking services and insurance.
 

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