Banking

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    4 banks to raise Tk 2,100 crore issuing bonds

    Staff Correspondent | Updated at 12:05am on September 28, 2018

    Bangladesh Securities and Exchange Commission on Thursday allowed four banks to raise Tk 2,100 crore by issuing different types of bonds for strengthening their capital...

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    World Bank approves first loans to Somalia in 30 years

    Reuters  | Updated at 12:05am on September 27, 2018

    The World Bank has approved $80 million in loans to Somalia to fund public finance reforms, marking the first disbursement to the government of the...

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    Economy to remain unaffected by election: Muhith

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Finance minister Abul Maal Abdul Muhith on Sunday said that the country’s economy would not be affected even if a new government assumed power through...

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    Scam-hit Farmers Bank to be renamed

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Scam-hit Farmers Bank has initiated a move to change its name with a view to regaining public confidence for survival following changes in its management...

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    Only two pvt banks lower lending rate to single digit

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Only a couple of private banks complied with the declaration made by the private banks owners’ association of bringing down the interest rate to single...

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    BB awards 29 top remitters, 8 orgs

    Staff Correspondent | Updated at 12:05am on September 21, 2018

    Bangladesh Bank on Thursday awarded 29 individuals and eight institutions accolades for their highest contribution to the country’s total inward remittance in 2017....

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    Urmee becomes human resources head of SCB

    Business Desk | Updated at 12:05am on September 20, 2018

    Standard Chartered Bank Bangladesh has recently appointed Khairun Nahar Haque Urmee as country head of human resources, said a press release....

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    Nilufer becomes Midland Bank chair, Kashem vice-chair

    Business Desk | Updated at 12:05am on September 20, 2018

    Nilufer Zafarullah was elected as the chairman and Abul Kashem the vice chairman of Midland Bank at the 76th board of directors’ meeting of the...

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    Banks, traders launch first commodities blockchain platform

    Reuters . London | Updated at 12:05am on September 20, 2018

    Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a...

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    India to merge 3 state-owned banks to tackle sour debt

    Reuters . New Delhi | Updated at 12:05am on September 18, 2018

    India plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on Monday, as part of...

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