Banking

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    RAKUB takes Tk 5.5cr in illegal processing fees from farmers

    AKM Zamir Uddin | Updated at 10:44pm on March 15, 2017

    Rajshahi Krishi Unnayan Bank slapped Tk 5.50 crore in loan processing fees on farm loans taken by the farmers in the last financial year 2015-2016...

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    HSBC names AIA’s Tucker as chairman in break with past

    Reuters . Hong Kong/London | Updated at 11:12pm on March 13, 2017

    HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task...

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    Banks asked to ensure borrowers using loans for right purpose

    Staff Correspondent | Updated at 11:11pm on March 13, 2017

    Bangladesh Bank on Monday asked scheduled banks to ensure that the borrowers use their loans in right purpose for which the loans were taken...

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    BB sets service charges for CMSME loans

    Staff Correspondent | Updated at 11:08pm on March 13, 2017

    Bangladesh Bank on Monday set the rates for service charges for loan disbursement in the cottage, micro, small and medium enterprise sector following allegations that...

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    Bad loans rise by 21pc to Tk 52,446cr in 2016

    Staff Correspondent | Updated at 01:41am on March 11, 2017

    Bad loans, the worst type of defaulted loans, in the country’s banking sector increased by 20.60 per cent to Tk 52,445.65 crore in last year...

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    Strict measures needed to check money laundering thru MFS: bankers

    Staff Correspondent | Updated at 09:46pm on March 09, 2017

    Bankers have said that the recent trend in fraud by using mobile financial services (MFS) is one of the reasons for declining remittance inflow in...

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    B’desh should maintain adequate reserves: IMF

    Staff Correspondent | Updated at 09:43pm on March 09, 2017

    The International Monetary Fund on Thursday suggested that Bangladesh should continue to maintain the foreign exchange reserves at adequate level to ensure the country’s resilience...

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    Current account deficit soars to $754m

    AKM Zamir Uddin | Updated at 10:14pm on March 08, 2017

    The country’s current account balance registered a deficit of $754 million in the first seven months of the financial year of 2016-17 against a surplus...

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    Export earnings witness poor growth in Jul-Feb

    Staff Correspondent | Updated at 10:03pm on March 08, 2017

    Country’s export earnings in the July-February of the current financial year 2016-17 witnessed a poor growth of 3.22 per cent to $22.83 billion due to...

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    BB governor assures DSE of bond market revival steps

    Staff Correspondent | Updated at 10:26pm on March 07, 2017

    Bangladesh Bank governor Fazle Kabir at a meeting on Tuesday assured the Dhaka Stock Exchange board that the central bank would take appropriate measures to...

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