FinClub, a Mauritian alternative finance platform, has recorded a staggering 1,032% increase in loans to small and medium-sized enterprises (SMEs) over the past year, signalling a...
As of June 30, the Development Bank of Mauritius (DBM) approved the cancellation of 884 overdue loan cases totaling Rs 192.1 million. Among these, 126 cases...
Premchand Mungur, the former CEO of the State Bank of Mauritius (SBM), was arrested by the Financial Crimes Commission (FCC) on June 18th, Wednesday morning. Mungur,...
Mauritian authorities are investigating Rakesh Gooljaury’s business activities amid concerns over Rs 1.5 billion (about USD 45 million) in risky loans. The Financial Crime Commission (FCC)...
A shocking investigation has uncovered a massive loan scandal at Silver Bank, a small bank in Mauritius, with employees allegedly involved in perpetrating fraud. The scandal...
In a significant development, the Board of Directors of the African Development Bank Group has approved a loan of $240 million to Mauritius to implement the...
Starting from Monday 22 January, those directly affected by the passage of Cyclone Belal will be able to benefit from a bank loan from the Development...
Between 15 April 2013 to 30 November 2023, the Mauritius Commercial Bank Limited approved loans of Rs1.97 billion to students under normal banking terms and Rs22.8million...
The MCB group has secured a Sustainability Linked Syndicated Loan (SLSL) worth $400 million (Rs18 billion). This facility marks MCB’s first sustainable-linked loan and is structured...
AfrAsia Bank has continued its growth trajectory for the first quarter ending on September 30, 2023, reporting a net profit after tax of Rs 1.7 billion....
