Banking

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    India cenbank set for 5th rate cut

    Reuters . Mumbai | Updated at 12:00am on October 03, 2019

    The Reserve Bank of India is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to...

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    Distribution of 2pc incentive for remittance starts: Kamal

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

    Finance minister AHM Mustafa Kamal on Wednesday said the government had started giving 2 per cent cash incentive to the beneficiaries of inward remittance to...

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    Pvt sector credit growth hits 9-year low

    HM Murtuza | Updated at 12:00am on October 03, 2019

    The private sector credit growth hit a nine-year low in August this fiscal year (2019-2020) amid liquidity crisis in the banking sector along with the...

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    Jaeger appointed as MTB director

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

    Herbert Ludwig Jaeger has recently been appointed as a director of Mutual Trust Bank Limited, said a press release. Prior to the appointment, he was...

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    Simplifying of bank account opening process in offing  

    Staff Correspondent | Updated at 12:00am on October 02, 2019

    A government committee is going to recommend simplifying of the bank account opening process to bring the unbanked people under the banking network, said officials...

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    Remittance inflow grows 16.6pc in Q1

    Staff Correspondent | Updated at 12:00am on October 02, 2019

    Remittance inflow grew by 16.58 per cent or $641.55 million year-on-year in July-September of the current fiscal year of 2019-2020. In the first quarter of...

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    42 jewellers, banks seek gold import licences

    Staff Correspondent | Updated at 12:00am on October 02, 2019

    Bangladesh Bank has received 42 applications from different entities including banks and jewellers to be enlisted as authorised gold dealers. The authorised gold dealers will...

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    RBI imposes constraints on Lakshmi Vilas Bank

    Reuters . New Delhi | Updated at 12:00am on September 29, 2019

    India’s central bank issued a regulatory action on Lakshmi Vilas Bank, the lender said in a statement on Saturday, at the same time that police...

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    Indonesian, Malaysian c banks sign $2b local currency swap deal

    Reuters . Jakarta | Updated at 12:00am on September 29, 2019

    The central banks of Indonesia and Malaysia signed on Friday a $2 billion-equivalent of local currency bilateral swap agreement to encourage and facilitate use of...

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    Launch of FB’s Libra could be delayed over regulatory concerns: exec

    Reuters . Geneva | Updated at 12:00am on September 29, 2019

    The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the...

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