Banking

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    IMF board approves $6b loan package for Pakistan

    Reuters . Islamabad | Updated at 12:00am on July 05, 2019

    The International Monetary Fund executive board approved a three-year, $6 billion loan package for Pakistan on Wednesday to rein in mounting debts and stave off...

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    RBI to regulate housing finance firms, review assets

    Reuters . Mumbai/New Delhi | Updated at 12:00am on July 04, 2019

    India will soon give Reserve Bank of India (RBI) power to regulate housing finance companies (HFCs), which will almost certainly lead to the lenders facing...

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    Scam-hit banks get no bailout fund

    Shakhawat Hossain | Updated at 12:44am on July 03, 2019

    The government has disbursed only Tk 151.33 crore out of Tk 1,500 crore earmarked as the recapitalisation fund for the state-owned banks in the just-concluded...

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    EU banks need $153b to meet Basel 2027 shortfall

    Reuters . Paris | Updated at 12:00am on July 03, 2019

    Major European Union banks face a collective shortfall of 135 billion euros ($153 billion) to fully comply with global capital requirements by 2027, meaning they...

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    Badiuzzaman re-elected NRB Bank EC chair

    Business Desk | Updated at 12:00am on July 03, 2019

    M Badiuzzaman has been re-elected as the executive committee chairman of NRB Bank at a board of directors’ meeting recently, said a press release. Badiuzzaman...

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    Monzur becomes ONE Bank AMD

    Business Desk | Updated at 12:00am on July 03, 2019

    Md Monzur Mofiz has joined ONE Bank as its additional managing director with effect from July 1, 2019, said a press release. Prior to this joining,...

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    Wilful defaults in India cross $21 billion in 2018-19

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

    India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as ‘wilful defaults’ in 2018-19, with the biggest lender State Bank of...

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    Deposit in farmers’ bank accounts drops by 9pc in Q1

    Staff Correspondent | Updated at 12:00am on July 03, 2019

    Deposit in the farmers’ bank accounts, opened with Tk 10, fell by 8.99 per cent or Tk 27.26 crore during the January-March quarter this year...

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    BB warns orgs against misuse of scope

    Staff Correspondent | Updated at 12:00am on July 03, 2019

    Bangladesh Bank on Tuesday warned entities or organisations not to misuse the investment scope in the national savings certificates from institutional funds. The central bank...

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    Most banks’ operating profits rise

    HM Murtuza | Updated at 01:30am on July 02, 2019

    Operating profits of most of the banks rose in January-June of this year as they opted to diversify business amid growing public spending. The net...

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