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banking

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    7 banks fail to keep Tk 8,877cr in provision

    M Ibrahim Ibne Towhid | Updated at 12:05am on November 23, 2017

    Seven commercial banks faced Tk 8,876.51 crore in provision shortfalls against their disbursed loans as of September 30 as the scam-hit BASIC Bank’s shortfall rose further...

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    Banks bleed as bad debts grow

    M Ibrahim Ibne Towhid | Updated at 12:15am on November 22, 2017

    A total of Tk 18,135 crore of loans became defaulted in the banking sector in nine months of 2017 as the trend continued in the...

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    Meghna Bank MD resigns

    Staff Correspondent | Updated at 12:05am on November 22, 2017

    Managing director and chief executive officer of Meghna Bank Nurul Amin resigned from the bank over differences of opinion with board members surrounding Tk 48...

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    JS body endorses controversial amendment to Bank Company Act

    Staff Correspondent | Updated at 12:05am on November 22, 2017

    The parliamentary standing committee on ministry of finance at a meeting on Tuesday recommended passage of the controversial bill seeking amendments to the Bank Company...

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    Govt mustn’t rob Peter to pay Paul

    | Updated at 12:05am on November 20, 2017

    THE government’s initiative to convert Expatriate Welfare Bank, set up for migrants workers, into a scheduled one is welcome. The way it has decided to...

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    Punitive measures suggested for errant bankers

    Shakahwat Hossain | Updated at 12:46am on November 18, 2017

    The Financial Institutions Division has drafted two dozen recommendations, including introduction of punishment for bankers for extension of shady loans, making public defaulters’ names in...

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    BB eases income repatriation by foreign nationals

    Staff Correspondent | Updated at 12:05am on November 16, 2017

    Bangladesh Bank has allowed foreign nationals residing in Bangladesh and having income here to send their earnings to other countries where their family members live...

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    7 SIBL directors resign in another major reshuffle

    Staff Correspondent | Updated at 10:32pm on November 14, 2017

    Seven directors of Social Islami Bank on Monday resigned while nine new directors were inducted in the board on the same day as the Chittagong-based...

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    80pc of banks lack skilled staff to handle cyber attack

    Staff Correspondent | Updated at 12:05am on November 03, 2017

    A research of Bangladesh Institute of Bank Management found that the country’s 80 per cent banks do not have enough skilled and efficient manpower to...

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    Major changes in SIBL as S Alam tightens grip

    Staff Correspondent | Updated at 11:31pm on October 30, 2017

    Major changes were made to the board and management of Social Islami Bank on Monday as Chittagong-based S Alam Group allegedly tightened its grip on...

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