Banking

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    ONE Bank re-elects Sayeed as chair, Asoke vice-chair, Zahur EC chair

    Business Desk | Updated at 10:53pm on May 14, 2017

    The board of directors of ONE Bank has re-elected Sayeed H Chowdhury as its chairman for another one-year term with an effect from May 11,...

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    ADP allocation jumps to Tk 1,53,331cr for FY18

    Staff Correspondent | Updated at 10:39pm on May 14, 2017

    The government on Sunday approved proposed allocation of Tk 153,331 crore for implementation of development projects in the financial year 2018, which is 38.51 per...

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    Govt suspends auction for T-bills, bonds for May

    AKM Zamir Uddin | Updated at 10:38pm on May 13, 2017

    The government has been forced to suspend all auctions for T-bills and bonds again for banks this month (May) as it is now inundated with...

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    IBBL board gives nod to share sales by IDB

    Staff Correspondent | Updated at 10:28pm on May 13, 2017

    The board of directors of Islami Bank Bangladesh on Saturday approved an Islamic Development Bank proposal to sell off majority of its stakes in IBBL....

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    IBBL vice-chair claims facing pressure to resign

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Islami Bank Bangladesh Ltd vice-chairman Syed Ahsanul Alam Parvez claimed that he had been threatened and asked to step down from the bank’s board....

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    BB issues guidelines on banks’ credit card operation

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Bangladesh Bank has asked the scheduled banks not to impose rate of interest on credit cards more than five per cent on the highest rate...

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    Shadow banking activity continues to grow

    Reuters . London | Updated at 10:26pm on May 10, 2017

    Growth in global bond, real estate and money market funds continues to swell the world’s ‘shadow banking’ sector, which provides credit outside the regulated banking...

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    BB relaxes farm loan release ratio for 9 new banks amid pressure

    AKM Zamir Uddin | Updated at 10:17pm on May 10, 2017

    Bangladesh Bank has taken a decision to allow nine new commercial banks to disburse 2.50 per cent of their outstanding loans as farm loans from...

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    GDP to fall below 7pc: UN survey

    Staff Correspondent | Updated at 10:44pm on May 08, 2017

    The country’s economic growth would see a downward trend in 2017 and 2018 after it reached a decade high of 7.1 per cent in the...

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    Poor FDI weakest point of B’desh economy: ADB

    Shakhawat Hossain . Yokohama, Japan | Updated at 11:39pm on May 07, 2017

    Asian Development Bank’s South Asian department director general Hun Kim has identified poor foreign direct investment as the weakest point of Bangladesh’s economy...

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