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Defaulted loans soar to Tk 1.11 lakh crore
HM Murtuza | Updated at 12:30am on June 11, 2019
Defaulted loans in the scam-hit banking system skyrocketed to Tk 1,10,873.54 crore in the first quarter of 2019 because of a 31 per cent increase in...
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China says small bank risks manageable after takeover of troubled Baoshang
Reuters . Beijing | Updated at 12:00am on June 10, 2019
China’s banking regulator said risks at small and mid-sized banks are manageable, a central bank publication reported on Sunday, in the latest move to soothe...
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India cenbank to enhance monitoring of NBFCs
Reuters . Mumbai | Updated at 12:00am on June 10, 2019
Reserve Bank of India governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies (NBFCs) and it would not...
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Banks’ ADR rises further in 2018: BB report
HM Murtuza | Updated at 12:00am on June 10, 2019
Advance-to-deposit ratio (ADR) in the country’s banking sector increased by 1.7 percentage points in the year of 2018 due to a slowdown in deposit growth...
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Wells Fargo to pay clients $386m over unwanted auto insurance
Reuters | Updated at 12:00am on June 09, 2019
Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they...
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RBI relaxes asset guidelines for lenders
Reuters . Mumbai | Updated at 12:00am on June 09, 2019
The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower’s accounts within...
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Banks have scope to raise stocks exposure by 82pc: BB report
Staff Correspondent | Updated at 12:00am on June 09, 2019
Banks have scope of increasing their investment in the capital market by 82.48 per cent within the regulatory framework, according to the Bangladesh Bank’s financial...
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WB slashes 2019 global growth as trade slackens
Agence France-Presse . Washington | Updated at 12:20am on June 08, 2019
The World Bank slashed its global growth forecasts for this year in a report released Tuesday that portrayed a world gripped by deepening trade conflict,...
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India’s central bank cuts rates, turns ‘accommodative’ as economy slows
Reuters . Mumbai | Updated at 12:15am on June 08, 2019
The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its...
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May remittances hit record $1.75b on Eid surge
Staff Correspondent | Updated at 02:12am on June 04, 2019
Monthly remittance inflow hit record $1.75 billion in May as non-resident Bangladeshis sent home their hard-earned foreign currencies in huge volume to...
Tuesday, June 18, 2019
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