Banking

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    Sanaul becomes Karmasangsthan Bank MD

    Business Desk | Updated at 12:00am on August 23, 2019

    Kazi Sanaul Hoq has joined Karmasangsthan Bank as managing director recently, said a press release. Prior to his joining, he served as the managing director...

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    Indians pawning the family gold amid credit crunch

    Reuters . Mumbai | Updated at 12:00am on August 23, 2019

    Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb...

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    MNCs to get interest against loans from Bangladesh subsidiaries

    Staff Correspondent | Updated at 12:00am on August 23, 2019

    Bangladesh Bank on Thursday allowed multinational companies operating in Bangladesh to pay interest against short term loans taken from their parent companies, said a circular...

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    Bangladesh Bank seeks release of govt fund for incentive for remittance

    HM Murtuza | Updated at 12:00am on August 22, 2019

    Bangladesh Bank has requested the government to release fund for providing cash incentive against the inward remittance. The government in the budget for the fiscal...

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    Changes in top management of 3 banks

    Staff Correspondent | Updated at 12:29am on August 21, 2019

    The government on Tuesday extended contracts of managing directors of three banks for three years. Financial Institutions Division issued a circular in this regard on...

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    Shahadat becomes Padma Bank DMD

    Business Desk | Updated at 12:00am on August 21, 2019

    Md Shahadat Hossain has joined Padma Bank as deputy managing director and chief operating officer (COO) recently, said a press release. Prior to his joining,...

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    China cuts lending rates with new benchmark, more cuts expected

    Reuters . Shanghai/Beijing | Updated at 12:00am on August 21, 2019

    China lowered its new lending reference rate slightly on Tuesday, as expected, as the central bank kicked off interest rate reforms designed to reduce corporate...

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    BB warns banks against excessive spending on meetings, car purchase

    Staff Correspondent | Updated at 12:00am on August 21, 2019

    Bangladesh Bank on Tuesday asked banks to refrain from making unnecessary expenses including purchase of luxurious cars, posh decoration at their branches and holding board...

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    RBI weighs linking some new bank loans to policy rate

    Reuters . Mumbai | Updated at 12:00am on August 20, 2019

    The Reserve Bank of India (RBI) is looking to get banks to link some new loans to its key policy rate or other external benchmarks,...

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    All NRBs can buy wage-earners bond

    Staff Correspondent | Updated at 12:00am on August 20, 2019

    All non-resident Bangladeshis, including businesspeople and professionals, are eligible to invest their earning and remittance in buying wage-earners development bond, said law ministry. Bangladesh Bank...

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