Banking

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    RCBC pays $21m fine to PH central bank

    Staff Correspondent | Updated at 11:12pm on May 24, 2017

    The central bank of the Philippines received around $10.50 million in fine more from the scam-hit Rizal Commercial Banking Corporation for its involvement in the...

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    S Alam Group tightening grip on IBBL as IDB cutting stake

    Staff Correspondent | Updated at 10:07pm on May 23, 2017

    Chittagong-based S Alam Group is tightening its grip on Islami Bank Bangladesh Limited as one of its (Group) newly established companies on Tuesday announced that...

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    BB asks banks to introduce EFT, RTGS in all branches

    Staff Correspondent | Updated at 11:27pm on May 22, 2017

    Bangladesh Bank on Monday asked scheduled banks to introduce electronic fund transfer (EFT) and real-time gross settlement (RTGS) services in all their branches by December...

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    Sonali’s UK arm spent money violating rules

    AKM Zamir Uddin | Updated at 11:25pm on May 21, 2017

    A Bangladesh Bank inspection team has found that Sonali Bank UK Ltd paid Tk 2.41 crore (£0.23 million) to a company which was assigned to prepare...

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    98pc of annual farm loan target amount disbursed in 10 months

    Staff Correspondent | Updated at 11:07pm on May 21, 2017

    Country’s banks distributed 98.26 per cent of their annual farm loan disbursement target amount in 10 months (July-April) of this fiscal year of 2016-17 as...

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    Few celebrations as 10th anniv of global crisis nears

    Reuters . London | Updated at 11:06pm on May 20, 2017

    In May 2007, Ben Bernanke, then chair of the Federal Reserve, said the problems in the US subprime mortgage market probably would not hurt the...

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    IBBL vice-chair, 6 directors threaten to `resign’

    Staff Correspondent | Updated at 10:54pm on May 20, 2017

    Seven directors including the vice-chairman of the embattled board of directors of Islami Bank Bangladesh Limited on Saturday warned that many of the directors of...

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    Defaulted loans in new 9 banks surge by 86pc

    AKM Zamir Uddin | Updated at 10:23pm on May 19, 2017

    The amount of defaulted loans in nine newly established banks increased by 86.18 per cent to Tk 509.10 crore in the first three months (January-March) of...

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    IBBL internal conflicts deepen as chairman bashes vice-chairman

    Staff Correspondent | Updated at 09:57pm on May 18, 2017

    Internal conflicts within the newly restructured Islami Bank Bangladesh Ltd’s board deepened as its chairman Arastoo Khan on Thursday alleged that IBBL vice-chairman Syed Ahsanul...

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    Defaulted loans brining havoc to banking sector: experts

    Staff Correspondent | Updated at 09:54pm on May 18, 2017

    The rate of increase in defaulted loans in the country’s banking sector soared to 9.23 per cent in 2016, which is double the international standard,...

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