Male, May 12 -- The Government of India has extended support to India's maritime neighbour, Maldives by rolling over the USD 50 Million treasury bill, the High Commission of India to Maldives said in a statement on Monday. Foreign Minister of Maldives, Abdulla Khaleel expressed gratitude to the Indian government and hailed the timely assistance which "reflects the close bonds of friendship" between the two countries.

In the statement shared on X, the High Commision of India to Maldives said, "India extends financial support to the Maldives through the rollover of the USD 50 million Treasury Bill.

According to the statement, after the request by the Government of Maldives, the State Bank of India (SBI) to has subscribed, for one more yea...