Qatar Central Bank will not “interfere” in the negotiations between local banks for their possible merger, said HE the QCB Governor Sheikh Abdulla bin Saoud.
India plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on Monday, as part of efforts to clean up the country's banking system.
Strong buying interests of foreign institutions helped the Qatar Stock Exchange comfortably settle above 10,000 levels this week.
The Net Mortgage Risk Ratio for the local banks stood at 114.17% as against the QCB-stipulated maximum limit of 150% as of December 2017.
It is fairly rare for influential industrialists or corporate leaders to be arrested over fraud allegations in India.
Institutional investors were increasingly net buyers as the Qatar Stock Exchange (QSE) displayed strong bullish sentiments this week.
The Qatar Stock Exchange was back in the negative trajectory to retreat below 9,000 points mainly on increased profit booking by foreign institutions.
The Qatar Stock Exchange on Sunday opened the week strong to surpass 9,000 points, mainly on the back of buying interests of local retail investors.
Voters decided on Sunday that Switzerland should not become the world's first country to wrest control from its banks in a sweeping monetary reform.