Banking

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    EU race for IMF chief down to three as Spain’s Calvino quits

    Reuters . Brussels | Updated at 12:00am on August 03, 2019

    European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund from a list of three names, after two...

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    State Bank of India warns of muted credit growth

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

    State Bank of India (SBI) joined its peers in flagging concerns about tough domestic economic conditions and the stress the auto sector is under, as...

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    India’s bank rescue plans keep on coming

    Reuters . New Delhi/Mumbai | Updated at 12:00am on August 03, 2019

    It may not be quite a bottomless pit but the Indian government’s repeated injections of funds into the nation’s state-owned banks can appear to be...

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    Bangladesh Bank intervenes nominally in forex market in July

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

    The Bangladesh Bank’s intervention in the interbank US dollar market has come to a very nominal level in July of the fiscal year 2019-2020, mainly...

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    Dollar marching high

    Reuters . London | Updated at 12:00am on August 02, 2019

    The dollar charged to its highest in more than two years on Thursday, trampling almost everything in its way, after the Federal Reserve dampened hopes...

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    Loss making basic Bank branches to face ‘closure’

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

    Finance minister AHM Mustafa Kamal on Thursday said branches of the scam-hit BASIC Bank failing to make profit in the last two years will face...

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    Turkey’s cenbank trims inflation view

    Reuters . Ankara | Updated at 12:00am on August 01, 2019

    Turkey’s central bank cut its inflation forecasts on Wednesday and new governor Murat Uysal said it has ‘considerable’ room for manoeuvre on interest rates in...

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    Bangladesh Bank suggests banks assist dengue patients financially

    Staff Correspondent | Updated at 12:00am on August 01, 2019

    Bangladesh Bank on Wednesday urged all banks to extend financial assistance to the patients suffering from mosquito-borne epidemic dengue fever. To this end, the BB...

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    Bangladesh Bank cuts credit growth target for pvt sector but hikes it for govt 

    Staff Correspondent | Updated at 12:00am on August 01, 2019

    Bangladesh Bank on Wednesday announced for the first time a yearly monetary policy instead of a half-yearly one, lowering drastically the private sector credit growth...

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    BB has ‘no data on remittance outflow’

    United News of Bangladesh . Dhaka | Updated at 05:14pm on July 31, 2019

    Bangladesh Bank does not maintain any data on remittance outflow although it has updated data on remittance inflow, said its officials. Bangladesh Bank government Fazle...

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