Pakistan News

    State Bank Of Hyderabad Fort Branch Mumbai

  • India’s PNB to shutter most operations in fraud-hit Mumbai branch

    MUMBAI: India’s Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision...

    The move to downsize the Brady House branch, which has come to symbolise the biggest banking scandal in the country’s history, comes as India’s second-largest state lender seeks to tighten controls and restore its reputation...

  • Former NBP president arrested on corruption charges involving bank's Bangladesh branch

    The National Accountability Bureau (NAB) on Friday arrested former National Bank of Pakistan (NBP) president Syed Ali Raza on charges of corruption after the Sindh High Court turned down Raza's bail request...

    The National Accountability Bureau (NAB) had filed a reference against the former NBP chief and other officials for allegedly misusing their authority by granting and revising financing facilities in the NBP Bangladesh branch...

  • Bank of China to open branch in Gwadar soon

    GWADAR: The Bank of China, along with other national and international banks, plans to open a branch in Gwadar, said Gwadar Port Authority Chairman Dostain Khan Jamaldini in a meeting with the president of the Summit Bank, Zaheer Esmail, here on Thursday...

    Mr Jamaldini claimed that with the Gwadar Deep Seaport becoming operational, several of the country’s commercial banks were interested in opening branches in the port city and the...

  • Bank of China to open first branch in Pakistan

    Bank of China (BoC) will be setting up its first branch in Pakistan as it has received its banking license from the State Bank of Pakistan (SBP)...

    Finance Minister Ishaq Dar met with Bank of China Chairman Tian Guo Li in Beijing, where the latter was invited to visit Pakistan to inaugurate bank's first branch in Pakistan, expected to be set up in Karachi...

  • Habib Bank to open branch in China

    KARACHI: Habib Bank Limited on Monday announced it had received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world’s number two economy...

    HBL said it would open a branch in Urumqi, the largest city in the province of Xinjiang, which lies along the traditional Silk Route and borders Pakistan...

  • Rs540,000 looted from bank branch in Ranchhore Line

    KARACHI: More than half a dozen armed robbers stormed into a private bank branch in Ranchhore Line on Tuesday and walked off with half a million rupees in this year’s eighth such heist in the city, officials said...

    They added that over six armed motorcyclists pulled up at Summit Bank near Lakh Pati Chowk in Ranchhore Line and four of them disarmed a security guard deputed at its entrance...

  • Iranian bank to open branch ‘very soon’: CG

    LAHORE: An Iranian bank will open its first branch in Karachi “very soon,” as the State Bank of Pakistan (SBP) and the Central Bank of Iran have already finalised all modalities, according to Iranian Consul General Mohammad Hossein Bani Asadi...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • Letter from Mumbai: Merger for turnaround of state-run banks

    THE Indian government finally decided last week to merge the five associate banks of State Bank of India (SBI), the country’s largest bank, with the largest lender...

    The five banks — State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad — together have recorded a combined loss of nearly Rs8bn in the last quarter, more than four times the losses reported in...

  • Mystery surrounding age of Ranikot Fort may be resolved

    Speaking to reporters after the ceremony, Sindh Minister for Culture, Tourism and Antiquities Syed Sardar Ali Shah said that nobody exactly knew how old the Ranikot Fort was, but through the MoU a major breakthrough was expected in this regard very soon...

    MoU signed with Italian officials for joint probe into Sindh history and archaeology“We have taken a great step forward towards knowing the age of Ranikot Fort that is also called...

  • Historic fort crumbles from neglect

    Like many historical sites in the Salt Range, the condition of the Malot Fort, a beautiful and unique fort in the region, is deteriorating because of neglect...

    Two temples on the premises of the fort have crumbled, and the ruins of the fort are covered in wild growth...

  • Archaeology staff closes Lahore Fort to tourists

    LAHORE: A number of officials on Tuesday kept the Lahore Fort closed for tourists reportedly for two hours in protest against the government for shifting its administrative/functional control to the Walled City of Lahore Authority from the archaeology department...

    The situation turned embarrassing for the WCLA duty officials after a delegation from the US consulate paid a scheduled visit to the fort at the time when the archaeology...

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