Banking

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    Fed backs Bangladesh as cyber-heist lawsuit kicks off

    Reuters . New York | Updated at 01:06am on February 03, 2019

    The Federal Reserve will lend a hand to Bangladesh’s central bank as it sues to recoup losses from one of the world’s largest cyber heists,...

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    Janata bad loans up by Tk 2,868cr in 3 months

    Shakhawat Hossain | Updated at 12:24am on February 03, 2019

    The scam-hit Janata Bank has Tk 2,868.77 crore more added to its piles of defaulted loans in the past three months mainly due to the...

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    WB to raise support to Bangladesh, Kamal hopes

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on February 01, 2019

    Finance minister AHM Mustafa Kamal on Thursday hoped that the overall support of World Bank to Bangladesh, including granting of loans, would be enhanced in...

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    Poor bad loan recovery by scam-hit SOBs irks FID

    Shakhawat Hossain | Updated at 12:00am on February 01, 2019

    Financial Institutions Division at a meeting on Thursday expressed disappointment over a slow recovery of the bad and written-off loans by scam-hit state-owned banks....

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    BB to file case with US court today to recover stolen money

    Staff Correspondent | Updated at 12:00am on January 31, 2019

    Bangladesh will file a case with the Federal Court for Southern District of New York today to recover $66 million, out of $81 million stolen...

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    Pvt sector credit growth target cut to 16.5pc in MPS for H2

    Staff Correspondent | Updated at 12:00am on January 31, 2019

    Bangladesh Bank has reduced the private sector credit growth target to 16.5 per cent for the second half (January-June) of this fiscal year (2018-2019) after...

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    BB unveils monetary policy

    United News of Bangladesh. Dhaka | Updated at 06:48pm on January 30, 2019

    Bangladesh Bank on Wednesday unveiled its monetary policy statement (MPS) for the second half (January-June) of the 2018-19 fiscal year...

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    BB declares MPS today, pvt sector credit main concern

    Staff Correspondent | Updated at 12:00am on January 30, 2019

    Bangladesh Bank will unveil today the monetary policy statement for the second half (January-June) of the current fiscal year (2018-19) amid falling private sector credit...

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    Banking sector woes threaten economic growth, stability: PRI

    Staff Correspondent | Updated at 12:00am on January 30, 2019

    Policy Research Institute, a local think tank, on Tuesday said that growing vulnerabilities including banking sector woes, slowdown in employment growth and low-skilled labour force...

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    Don’t open LCs for goods import prohibited in specific port: Bangladesh Bank

    Staff Correspondent | Updated at 12:00am on January 28, 2019

    Bangladesh Bank on Sunday asked banks to refrain from opening letters of credit against import of goods which are prohibited to bring to the country...

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