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  China & Gulf expansion to boost Trade Bank of Iraq’s revenues: chairman

  Reuters . Abu Dhabi | Updated at 12:00am on July 08, 2019

  State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to...

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  PNB says detects 38b rupee fraud

  Reuters . Mumbai | Updated at 12:00am on July 08, 2019

  The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power &...

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  India’s cautious budget puts onus on central bank to spur growth

  Reuters . New Delhi | Updated at 12:21am on July 07, 2019

  The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging...

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  India to closely monitor NBFCs: minister

  Reuters . New Delhi | Updated at 12:19am on July 07, 2019

  India will closely monitor its shadow lending sector, the finance minister said on Saturday, a day after announcing the central bank would get much more...

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  Turkey fires central bank chief as policy differences deepen

  Reuters . Ankara | Updated at 12:17am on July 07, 2019

  Turkey on Saturday fired its central bank governor as policy differences between the government and the bank deepened in the face of an economic slump,...

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  China’s EXIM bank chief seeks faster yuan globalisation

  Reuters . Beijing | Updated at 12:13am on July 07, 2019

  The chairwoman of China’s Export-Import Bank on Saturday called for an acceleration of reforms to internationalise the Chinese currency, warning that external risks linked to...

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  India plans $10b bank recapitalisation

  Reuters . Mumbai/New Delhi | Updated at 12:01am on July 07, 2019

  The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders...

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  Europe needs to find candidate to head IMF: France

  Reuters . Aix-En-Provence | Updated at 12:00am on July 07, 2019

  European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French finance minister Bruno...

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  ADR of pvt banks rises to 86.2pc in March

  HM Murtuza | Updated at 12:00am on July 06, 2019

  Advance-to-deposit ratio (ADR) of the country’s private commercial banks increased further by 0.3 percentage points at the end of March this year amid a slow...

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  Morshed elected Mercantile Bank chairman

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

  Businessman and member of parliament Morshed Alam was elected as the chairman of Mercantile Bank at the bank’s 345th board meeting on Thursday, said a...