Banking

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    BB dissatisfied with banks over non-implementation

    Staff Correspondent | Updated at 12:00am on July 12, 2019

    Bangladesh Bank has expressed its dissatisfaction with the country’s commercial banks as the majority of them are yet to bring down the lending rate to...

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    PLFS’ liabilities higher than assets: data

    Staff Correspondent | Updated at 12:00am on July 12, 2019

    Liabilities of People’s Leasing and Financial Services Limited (PLFS), which would be liquidated soon due to massive irregularities by its directors, would be higher than...

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    Nesar elected RMC chair of NRB Bank

    Business Desk | Updated at 12:00am on July 11, 2019

    Nesar Ahmed Choudhury has been elected as risk management committee chairman of NRB Bank at its 80th board of directors’ meeting, said a press release.Nesar...

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    BB says PLFS liquidation for depositors’ interest

    Staff Correspondent | Updated at 12:00am on July 11, 2019

    Bangladesh Bank on Wednesday assured the depositors of People’s Leasing and Financial Services (PLFS) that the liquidation process of Peoples’ Leasing was launched to protect...

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    Search body formed for new MDs of SOBs

    Staff Correspondent   | Updated at 12:00am on July 10, 2019

    The Financial Institution Division on Tuesday formed a search committee for appointing new managing directors for some of the state-owned banks. Headed by FID secretary...

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    Banks to cut tax on interest against foreign currency deposits

    Staff Correspondent | Updated at 12:00am on July 10, 2019

    Bangladesh Bank on Tuesday asked all the banks to deduct applicable taxes on the interest that were generated from the deposits in the non-resident foreign...

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    BB to seek HC nod for crisis-hit PLFS’ wind-up

    Staff Correspondent | Updated at 12:00am on July 10, 2019

    Bangladesh Bank has initiated a move to file a plea with the High Court for liquidation of People’s Leasing and Financial Services Limited due to...

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    Axe falls on 18,000 Deutsche Bank jobs in $8.3b reinvention

    Reuters . Frankfurt/Sydney/Hong Kong | Updated at 12:00am on July 09, 2019

    Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) ‘reinvention’...

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    StanChart group CFO Andy visits Bangladesh

    Business Desk | Updated at 12:00am on July 09, 2019

    Standard Chartered Bank group chief financial officer Andy Halford has visited Dhaka, for his second official visit to Bangladesh recently, said a press release. During...

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    Tarique becomes president and MD of AB Bank

    Business Desk | Updated at 12:00am on July 09, 2019

    Tarique Afzal has been appointed as the president and managing director of AB Bank recently, said a press release. Prior to his appointment, he was...

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