Banking

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    Sri Lanka cuts rates as economy struggles

    Agence France-Presse . Colombo | Updated at 12:00am on August 24, 2019

    Sri Lanka's central bank cut its main lending rate Friday for the second time in three months hoping to lift the economy as its struggles...

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    US investors look at dollar stores as recession fears increase

    Reuters . New York | Updated at 12:00am on August 24, 2019

    More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc, which perform better during economic downturns, in the...

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    China likely to hold MLF rate on Monday

    Reuters . Shanghai | Updated at 12:00am on August 24, 2019

    China is likely to keep a key loan rate steady next week, but a cut is expected by mid-September after a policy review by the...

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    US debt sales business likely ripe for automation

    Reuters . London | Updated at 12:00am on August 24, 2019

    With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking - the business of helping companies and countries raise...

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    Farm loan release falls by 15pc in July

    Staff Correspondent | Updated at 12:00am on August 24, 2019

    The farm loan disbursement by banks in July, the first month of the current fiscal year (2019-2020), fell by 15.11 per cent or Tk 175.97 crore...

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    Sanaul becomes Karmasangsthan Bank MD

    Business Desk | Updated at 12:00am on August 23, 2019

    Kazi Sanaul Hoq has joined Karmasangsthan Bank as managing director recently, said a press release. Prior to his joining, he served as the managing director...

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    Indians pawning the family gold amid credit crunch

    Reuters . Mumbai | Updated at 12:00am on August 23, 2019

    Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb...

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    MNCs to get interest against loans from Bangladesh subsidiaries

    Staff Correspondent | Updated at 12:00am on August 23, 2019

    Bangladesh Bank on Thursday allowed multinational companies operating in Bangladesh to pay interest against short term loans taken from their parent companies, said a circular...

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    Bangladesh Bank seeks release of govt fund for incentive for remittance

    HM Murtuza | Updated at 12:00am on August 22, 2019

    Bangladesh Bank has requested the government to release fund for providing cash incentive against the inward remittance. The government in the budget for the fiscal...

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    Changes in top management of 3 banks

    Staff Correspondent | Updated at 12:29am on August 21, 2019

    The government on Tuesday extended contracts of managing directors of three banks for three years. Financial Institutions Division issued a circular in this regard on...

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