Banking

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    City Bank allowed to float Tk 300cr bonds

    Staff Correspondent | Updated at 10:26pm on February 25, 2020

    The Bangladesh Securities and Exchange Commission on Tuesday allowed City Bank to float non-convertible zero coupon bonds worth Tk 300 crore on the market. The capital...

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    Conversion of 2 banks to Islamic banks positive for sector: Moody’s

    Staff Correspondent | Updated at 10:21pm on February 25, 2020

    Global rating agency Moody’s Investors Service has said that the conversion of two conventional banks into Islamic banks in Bangladesh is credit positive for the...

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    EDF loan limit for knitwear makers raised to $20m

    Staff Correspondent | Updated at 10:19pm on February 25, 2020

    The Bangladesh Bank on Tuesday raised the limit of foreign currency loans for knitwear manufacturers and exporters from the central bank’s export development fund to...

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    Forced rate cut to put banks, economy at risk

    HM Murtuza | Updated at 10:16pm on February 25, 2020

    Bankers and experts have objected to the forceful implementation of the single-digit lending rate, leaving untouched the loan defaulters who have made the major damage...

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    Businesses see benefits, economists doubtful

    Moinul Haque | Updated at 10:14pm on February 25, 2020

    Business leaders on Tuesday said that the Bangladesh Bank decision to cut the lending rate to 9 per cent for all loan products, except the...

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    Single-digit lending rate from April 1

    HM Murtuza | Updated at 01:03am on February 25, 2020

    Bangladesh Bank on Monday set a ceiling on interest rate for all the lending products, except credit cards, of the banks at 9 per cent...

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    UK digital bank serves clients shunned by big lenders

    Agence France-Presse . London | Updated at 11:24pm on February 23, 2020

    Among Britain’s digital app-based banks that are attracting moneyed urban millennials is Monese, which also courts customers neglected by the country’s established lenders...

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    StanChart commits $75b towards SDGs

    Business Desk | Updated at 11:10pm on February 23, 2020

    Standard Chartered on Sunday announced that it committed $75 billion worth of project financing services towards Sustainable Development Goals, said a press release. The bank...

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    Bangladesh Bank enlists Bengal Commercial Bank as scheduled bank

    Staff Correspondent | Updated at 11:07pm on February 23, 2020

    The Bangladesh Bank on Sunday declared newly-licenced Bengal Commercial Bank as a scheduled bank, taking the total number of scheduled banks in the country to...

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    Banks asked to use simplified account form by June 30

    Staff Correspondent | Updated at 10:55pm on February 23, 2020

    The Bangladesh Bank on Sunday asked all banks to follow new and simplified forms modified on recommendations of a government committee for opening bank accounts....

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