Banking

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    World Bank’s Kim abruptly resigns

    Reuters . Washington | Updated at 10:56am on January 08, 2019

    World Bank group president Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the...

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    RBI likely to pay bumper interim dividend to help Modi govt

    Reuters . New Delhi | Updated at 12:00am on January 08, 2019

    The Reserve Bank of India (RBI), having changed leadership last month following a clash with the government, is likely to transfer an interim dividend of...

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    Iran’s central bank proposes slashing 4 zeros from falling currency: IRNA

    Reuters . Dubai | Updated at 12:00am on January 07, 2019

    Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year...

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    Bangladesh Bank tightens foreign courier firms’ funds transfer abroad

    Staff Correspondent | Updated at 12:00am on January 07, 2019

    Bangladesh Bank has tightened its supervision over the foreign courier service companies to check outbound remittances by the entities to their head offices abroad....

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    Tarek becomes DMD of MTB

    Business Desk | Updated at 12:00am on January 05, 2019

    Tarek Reaz Khan has been promoted to the rank of deputy managing director of Mutual Trust Bank with effect from January 1, said a press...

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    Khurshed becomes NRB Bank DMD

    Business Desk | Updated at 12:00am on January 04, 2019

    Md Khurshed Alam has joined as deputy managing director of NRB Bank, said a press release.Prior to his joining, he was senior executive vice president...

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    Indian cabinet approves merger of three state-owned banks

    Reuters . New Delhi | Updated at 12:00am on January 03, 2019

    India’s cabinet has approved the merger of state-run Vijaya Bank and Dena Bank with Bank of Baroda, the government said on Wednesday, in a step...

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    Remittance hits all-time high in 2018

    Staff Correspondent | Updated at 12:00am on January 03, 2019

    Remittance inflow posted its all-time high in the immediate past year 2018 amid appreciation of US dollar against the Bangladeshi currency, prompting expatriates to send...

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    Safiul Alam re-appointed as AMD of Pubali Bank

    Business Desk | Updated at 12:00am on January 02, 2019

    Safiul Alam Khan Chowdhury has been re-appointed as additional managing director of Pubali Bank for 03 (three) years, said a press release. He has been...

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    Pvt sector credit growth hits 3-yr low in Nov

    HM Murtuza | Updated at 12:00am on January 02, 2019

    Private sector credit growth dropped to a three-year low in November, 2018 due to businesses’ reluctance to take loans from banks ahead of national polls...

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