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A digest of news and opinion from the Maldives.

State Bank of India (SBI)

SBI Issues USD 16.20 Million for COVID-19 Relief Purposes in Maldives

SBI Issues USD 16.20 Million for COVID-19 Relief Purposes in Maldives

1 min read

State Bank of India (SBI) has issued USD 16.20 million in loans for COVID-19 relief purposes directed at businesses operating in the Maldives, in order to support the government measures taken amid Pandemic. According to the Indian High Commission in the Maldives in addition to the loans, SBI has also deferred loan repayments for 200 […]

Palm Beach Resort Announced for Auction Again

Palm Beach Resort Announced for Auction Again

2 min read

Palm Beach Resort has been announced for auction once again by the State Bank of India, SBI. Due to inadequate responses from bidders of a during the first two attempts of auction, this is the third time the resort island, Lh. Madhiriguraidhoo has been put up for sale by the bank State Bank of India […]

SBI unveils Hulhumale’ Branch

SBI unveils Hulhumale’ Branch

1 min read

State Bank of India (SBI) opens up a branch in Hulhumale’. During a special ceremony held on 26 November, the new branch was officially unveiled by Governor of MMA Mr Ahmed Naseer. Ambassador of India to Maldives Mr Akhilesh Mishra also participated in the event. SBI branch of Hulhumale’ is located in the 3rd unit […]