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    Standard Chartered to pay $1.1 billion for sanctions violations

    Reuters . Washington | Updated at 12:00am on April 11, 2019

    Standard Chartered Plc has agreed to pay $1.1 billion to US and British authorities for conducting illegal financial transactions that violated sanctions against Iran and...

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    New WB boss vows to keep climate goals, evolve China relationship

    Reuters . Washington | Updated at 12:00am on April 11, 2019

    New World Bank president David Malpass said on Tuesday he would not alter the lender’s commitment to fight climate change, but pledged to step up...

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    Banks emphasise less on skills dev: BB dy gov

    Staff Correspondent | Updated at 12:00am on April 11, 2019

    Management of commercial banks give less emphasis on developing skills of their employees including ethics and integrity, said Bangladesh Bank deputy governor SM Moniruzzaman at...

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    Shabbir joins as AIBL DMD

    Business Desk | Updated at 12:00am on April 10, 2019

    Shabbir Ahmed has joined Al-Arafah Islami Bank as a deputy managing director recently, said a press release.Prior to his joining, he was the additional deputy...

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    IMF too projects lower growth of 7.3pc for FY19

    Staff Correspondent | Updated at 12:00am on April 10, 2019

    International Monetary Fund on Tuesday projected that Bangladesh economy would grow by 7.3 per cent in the current fiscal year (2018-2019), much lower than the...

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    SME loan drops for 1st time in ’18

    HM Murtuza | Updated at 12:00am on April 10, 2019

    Loan disbursement by banks and non-bank financial institutions to small and medium enterprises declined in 2018 for the first time since the introduction of the...

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    Japan faces recession risks with dearth of ammunition

    Reuters . Tokyo | Updated at 12:00am on April 09, 2019

    Japan appears to have dodged a recession thanks to resilient business spending but tanking factory and export sectors and a lack of policy options leave...

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    Banks, NBFIs given extended facility to get JICA-assisted fund

    Staff Correspondent | Updated at 12:00am on April 09, 2019

    Bangladesh Bank on Monday extended refinancing facility for banks and non-bank financial institutions from the Japan International Cooperation Agency-assisted foreign direct investment promotion project....

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    Several banks discontinue export bill discounting

    Staff Correspondent | Updated at 12:00am on April 08, 2019

    A number of banks have stopped purchasing export bills through their offshore banking units, depriving a section of exporters from export bill discounting facility and...

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    NSC sales decrease as operation goes online

    Staff Correspondent | Updated at 12:00am on April 06, 2019

    Net sales of National Savings Certificate declined by 23.27 per cent or Tk 1,396.75 crore in February this year compared with that in the previous...

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