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  India’s Cosmos Bank loses $13.5m in cyber attack

  Reuters . Mumbai | Updated at 08:32pm on August 15, 2018

  Cyber criminals hacked the systems of India's Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over...

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  Bangladesh Bank allows forex clearing account in Chinese yuan

  Staff Correspondent | Updated at 12:05am on August 15, 2018

  Bangladesh Bank on Tuesday announced that it would allow banks to open foreign currency clearing account with the central bank in Chinese yuan (renminbi)....

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  Most banks ignore Muhith’s latest deadline for single-digit rates

  Staff Correspondent | Updated at 09:52pm on August 12, 2018

  The decision to bring down the lending rate to nine per cent and deposit rate to six per cent by banks has witnessed so far...

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  Citi holds Belt and Road forum

  Business Desk | Updated at 09:48pm on August 12, 2018

  Citibank NA, Bangladesh recently hosted the ‘Belt and Road Forum Bangladesh 2018’ underlining Citi’s commitment to support Bangladesh, global clients and investors with the opportunities...

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  BB issues guideline on giving integrity award to bank employees

  Staff Correspondent | Updated at 02:30am on August 10, 2018

  Bangladesh Bank has formulated ‘National Integrity Award Guideline’ for the scheduled banks in line with the government’s National Integrity Strategy with a view to giving...

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  BB redesigns entrepreneurs’ fund setting 2pc interest

  Staff Correspondent | Updated at 10:07pm on August 07, 2018

  Bangladesh Bank has remodelled the Equity and Entrepreneurship Fund, scrapping the government’s equity investment provision in any project and allowing entrepreneurs to get loan at...

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  Bank officials unwilling to work in internal audit dept

  Staff Correspondent | Updated at 12:05am on August 03, 2018

  Forty per cent of the bank employees are unwilling to work in the banks’ internal control, compliance department due to huge workload in the department,...

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  PKB inducted as scheduled specialised bank

  Staff Correspondent | Updated at 01:43am on August 01, 2018

  Bangladesh Bank has inducted state-run Probashi Kallyan Bank, which was initially set up as a financial institution for non-resident Bangladeshis, as a scheduled specialised bank....

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  Raising regulators’ standards stressed for global acceptance of B’desh pharma items

  Staff Correspondent | Updated at 01:32am on August 01, 2018

  Entrepreneurs and experts on Tuesday stressed raising standards of certification and regulatory bodies of the pharmaceuticals sector so that locally produced medicines were widely accepted...

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  BB unveils ‘cautious’ monetary policy ahead of nat’l polls

  Staff Correspondent | Updated at 01:30am on August 01, 2018

  Bangladesh Bank on Tuesday announced a ‘cautious’ monetary policy for the first half (July-December) of the fiscal year of 2018-2019 without any major changes, eyeing...