Information media has advanced an awesome deal, from newspaper to television, and from tv to Internet. Although our government by way of the Central Bank and the Banker’s Committee got here up with guidelines requiring banks to set aside 10{a24bb2b0f5056a2cf158ab58bcf72750b4b28a459e1f155879d047465df4f81d} of their profits for funding MSMEs, majority of these banks have been reluctant to do so. This has led to the emergence of micro-finance institutions which although helpful aren’t enough for assembly the financial requirements.
Oman’s Islamic banking business, which has been witnessing strong growth rates previously few years, might witness a slowdown in progress in near future because the weak oil prices and lower economic progress may weigh on sentiments, H E Tahir bin Salim al Amri, government president of the Central Financial institution of Oman (CBO) stated on Tuesday.
Only The Australian gives unique content from The Wall Street Journal, MarketWatch, The Occasions and Dow Jones Newswires together with professional commentary from leading trade journalists. The Royal Commission into Misconduct within the Banking, Superannuation and Monetary Providers Trade is listening to from its first witnesses at a public hearing in Melbourne.
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