Banking

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    India’s central bank unveils $24b windfall for govt

    Agence France-Presse . New Delhi | Updated at 12:00am on August 28, 2019

    India’s central bank has announced a $24-billion windfall for the cash-strapped government, giving a much-needed boost to prime minister Narendra Modi as he seeks to...

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    IMF sceptical about success of bad loan recovery by AMCs

    Staff Correspondent  | Updated at 12:00am on August 28, 2019

    A visiting International Monetary Fund team on Tuesday expressed scepticism about success of the government move of appointing asset management companies for recovering bad loans...

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    Bangladesh Bank profits soar to Tk 4,461cr in FY19

    Staff Correspondent | Updated at 12:00am on August 28, 2019

    Bangladesh Bank’s operating profits soared to Tk 4,461 crore in the financial year of 2018-19 from Tk 791 crore in the previous fiscal year due mainly to...

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    Bangladesh Bank re-fixes commemorative gold coin price

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on August 27, 2019

    Bangladesh Bank (BB) has re-fixed the prices of commemorative gold coins for International Mother Language Day. From now, a 22-carat gold commemorative coin...

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    Mansur elected BRAC Bank chairperson

    Staff Correspondent | Updated at 12:00am on August 27, 2019

    Economist Ahsan H Mansur, independent director of BRAC Bank board, has been elected chairperson of the bank, said a press release. He succeeded Fazle Hasan...

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    Defaulted loans go up

    HM Murtuza | Updated at 12:00am on August 26, 2019

    Defaulted loans in the country’s banking sector rose by Tk 18,513.17 crore during the first half of the year 2019, including the new addition of...

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    IMF meets with Argentina treasury minister, central bank president

    Reuters . Buenos Aires | Updated at 12:00am on August 26, 2019

    Top Argentine finance officials met with a team from the International Monetary Fund on Saturday, the Treasury Ministry said, while tens of thousands of supporters...

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    Central bankers face political shocks, hope to avoid the worst

    Reuters . Jackson Hole | Updated at 12:00am on August 26, 2019

    Global central bank chiefs know their job is to keep the economy out of the ditch. What became clear at the US Federal Reserve’s central...

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    No more recapitalisation fund for SoBs: Mustafa

    Staff Correspondent  | Updated at 12:00am on August 26, 2019

    Finance minister AHM Mustafa Kamal on Sunday said that there would be no more recapitalisation of four state-owned commercial banks with public money. The banks...

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    India rolls back tax hike on investors, outlines steps to boost sentiment

    Reuters . New Delhi | Updated at 12:00am on August 25, 2019

    India is rolling back recent tax hikes on foreign and domestic equity investors and is accelerating a capital infusion of $10 billion into state-run banks,...

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