Banking

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    Few celebrations as 10th anniv of global crisis nears

    Reuters . London | Updated at 11:06pm on May 20, 2017

    In May 2007, Ben Bernanke, then chair of the Federal Reserve, said the problems in the US subprime mortgage market probably would not hurt the...

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    IBBL vice-chair, 6 directors threaten to `resign’

    Staff Correspondent | Updated at 10:54pm on May 20, 2017

    Seven directors including the vice-chairman of the embattled board of directors of Islami Bank Bangladesh Limited on Saturday warned that many of the directors of...

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    Defaulted loans in new 9 banks surge by 86pc

    AKM Zamir Uddin | Updated at 10:23pm on May 19, 2017

    The amount of defaulted loans in nine newly established banks increased by 86.18 per cent to Tk 509.10 crore in the first three months (January-March) of...

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    IBBL internal conflicts deepen as chairman bashes vice-chairman

    Staff Correspondent | Updated at 09:57pm on May 18, 2017

    Internal conflicts within the newly restructured Islami Bank Bangladesh Ltd’s board deepened as its chairman Arastoo Khan on Thursday alleged that IBBL vice-chairman Syed Ahsanul...

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    Defaulted loans brining havoc to banking sector: experts

    Staff Correspondent | Updated at 09:54pm on May 18, 2017

    The rate of increase in defaulted loans in the country’s banking sector soared to 9.23 per cent in 2016, which is double the international standard,...

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    MCCI calls govt for steps to cut capital flight

    Staff Correspondent | Updated at 09:35pm on May 18, 2017

    The Metropolitan Chamber of Commerce and Industry has called upon the government to take appropriate measures to check capital flights from the country in order...

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    Six banks fail to keep provision

    AKM Zamir Uddin | Updated at 11:09pm on May 17, 2017

    The overall shortfall in provision against general and defaulted loans in the banking sector stood at Tk 5,232.26 crore as of March 31, 2017 with...

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    Tk 11,286 crore more in defaulted loans in Q1

    AKM Zamir Uddin | Updated at 11:13pm on May 16, 2017

    The defaulted loans in the banking sector rose by Tk 11,236.68 crore in just three months (January-March) of this year, according to the latest central bank...

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    Banks asked to impose condition on loans against 11 more items

    Staff Correspondent | Updated at 10:36pm on May 15, 2017

    Bangladesh Bank on Monday asked banks to impose condition for using mandatorily jute bags in packaging 11 more commodities when they (banks) will approve loans...

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    Exporters can repay foreign loans using ERQ fund

    Staff Correspondent | Updated at 10:34pm on May 15, 2017

    Bangladesh Bank on Monday said that the exporters would be allowed to pay instalments of foreign loans from their respective export retention quota accounts...

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