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...
Three Banks Join Central Bank’s Instant Payment System
In a significant development for the Maldivian financial sector, three local banks have signed an agreement with the Maldives Monetary...
BML Blocks Payments to ChatGPT Amid Security Concerns
Bank of Maldives (BML) has implemented a temporary block on payments to ChatGPT, the AI-powered chatbot developed by OpenAI, citing...
