StateBank

Pakistan Takes Bold Step: Cuts Interest Rates to Ignite Economic Growth

7 days ago

In a decisive move aimed at revitalizing its struggling economy, the central bank of Pakistan has announced a reduction in interest rates, a strategy designed to spur growth amidst ongoing economic challenges. The State Bank of Pakistan (SBP) reduced the benchmark interest rate by 100 basis points, bringing it down to 17% in an effort to boost investments and consumer spending in a nation grappling with high inflation and myriad economic hurdles.

State Bank of India Sets Its Sights on the Unbanked Population in New Expansion Plans

2 months ago

In a bold move signaling its commitment to financial inclusion, the Chairperson of the State Bank of India (SBI) has unveiled ambitious plans aimed at reaching the millions of unbanked individuals across the country. This initiative comes as part of a broader strategy to bolster the bank's customer base while also fulfilling the government's vision of banking for all.

Vietnam May Lower Key Interest Rates to Stimulate Economic Growth

2 months ago

In a significant move reflecting the country's commitment to bolstering its economic development, Vietnam has indicated a possible reduction in key interest rates. This policy shift aims to enhance growth prospects amid various economic pressures. The Central Bank of Vietnam is currently assessing the economic landscape, with indications suggesting an openness to adjust rates to promote more robust economic activity.