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President Sheinbaum unveils credit boost agreement with bankers at 89th Banking Convention, graph shows rise to 45% of GDP.
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Sheinbaum and banks agree to raise credit to 45% of GDP

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At the 89th Banking Convention inauguration, President Claudia Sheinbaum urged bankers to boost credit from 38% to 45% of GDP to drive development. Mexico's Banking Association committed to this goal by 2030. Sheinbaum also unveiled a new infrastructure investment law.

Finance Minister Purbaya Yudhi Sadewa has placed an additional Rp 100 trillion in bank deposits to counter liquidity pressures from rising government bond yields. The total now stands at around Rp 300 trillion, up from Rp 200 trillion previously. The injection, timed ahead of Lebaran, prioritizes state-owned and regional banks.

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Haryana's Vigilance Bureau has filed an FIR against unnamed Kotak Mahindra Bank officials after Panchkula Municipal Corporation reported a Rs 150 crore discrepancy in fixed deposit receipts. One bank relationship manager has been arrested. The bank maintains that accounts were handled per banking norms.

India's banking system liquidity surplus has narrowed to ₹75,483 crore amid advance tax outflows of Rs 2 lakh crore and forex market interventions. Money market rates rose as a result, leading the Reserve Bank of India to conduct a repo operation. Economists estimate the RBI sold over $15 billion to support the rupee.

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PT Bank Rakyat Indonesia (Persero) Tbk is setting up Posko Mudik BRImo 2026 at five rest areas on the Jakarta-Java toll roads to support smooth Eid al-Fitr homecoming travel in 2026. The posts will operate from March 17-25, 2026, offering facilities like health services and special promotions.

An opinion piece in Capital Newspaper has challenged a directive from Ethiopia's Ministry of Labor and Skills requiring overseas employment agencies to deposit all funds exclusively in four designated banks. Author Dessalegn Sisay argues that the measure distorts markets and violates Ethiopian laws. He calls for its immediate withdrawal.

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HSBC and Hang Seng Bank are tightening work rules in Hong Kong, requiring traders and salespeople to return to the office from April 1. An internal memo indicates that client-facing staff must follow the new guidelines, with managers urged to lead by example.

 

 

 

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