Government Borrows US$50 Million via MACL from BML, Pays Out on SBI Treasury Bond
The government, in January, settled a US$50 million (MVR 771 million) treasury bond issued to the State Bank of India...
BML Faces Controversy Over Alleged Card Limit Reduction
Bank of Maldives (BML) has come under fire following allegations of a significant reduction in its foreign currency limits on...
Opinion: BML’s Recent Bank Card Designs Fail To Capture Imagination or Inject Energy Into ‘Every Day’ Brand
When it comes to Brand Communications, the ‘new designs’ by the Bank of Maldives (BML) say a lot about what...
Government Walks Back Decision to Raise Limit for Students Abroad, Acknowledges USD Shortage
The administration’s decision to increase the per month US Dollar (USD) withdrawal limits for students, with Bank of Maldives (BML)...
BML Slashes Student Loan Rate to 2.5%
The Bank of Maldives (BML) has reduced its student Kiyavaa Loan and BML Islamic Education Financing rates to 2.5 percent,...
Government’s Decision to Increase BML Card Limits in Doubt Amid Dollar Shortage
The government’s recent decision to raise the monthly transaction limit of Bank of Maldives (BML) debit and credit cards to...
PCB Abruptly Removes Five Solih-Era Appointees From BML Board
Five appointees by the previous administration to the board of the Bank of Maldives (BML), including the current chairman, had...
BML Confirms Continued USD Support Amid Speculation of Unsustainability
The Bank of Maldives (BML) has refuted claims that it might be looking to stop or limit US Dollar (USD)...
BML to Increase Withdrawal Limit for Students Abroad to US$1,200
The Bank of Maldives (BML) will increase the maximum withdrawal limit for Maldivians studying abroad from US$750 to US$1,200 per...
BML Ordered to Pay MVR 600K for Wrongful Termination
The Employment Tribunal has ruled in favour of a former Bank of Maldives (BML) employee, ordering reinstatement and a payment...
