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  Akram, Selim become Mercantile Bank vice-chair

  Business Desk | Updated at 12:00am on July 08, 2019

  Akram Hossain (Humayun) and Mohd Selim have been elected as vice-chairmen and Shahidul Ahsan as the executive committee chairman of Mercantile Bank recently, said...

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  Erdogan says Turkish cenbank chief ousted for refusing rate cuts: report

  Reuters . Ankara | Updated at 12:00am on July 08, 2019

  Turkish president Tayyip Erdogan sacked the central bank governor for refusing the government’s repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as...

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  China & Gulf expansion to boost Trade Bank of Iraq’s revenues: chairman

  Reuters . Abu Dhabi | Updated at 12:00am on July 08, 2019

  State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to...

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  PNB says detects 38b rupee fraud

  Reuters . Mumbai | Updated at 12:00am on July 08, 2019

  The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power &...

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  India’s cautious budget puts onus on central bank to spur growth

  Reuters . New Delhi | Updated at 12:21am on July 07, 2019

  The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging...

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  India to closely monitor NBFCs: minister

  Reuters . New Delhi | Updated at 12:19am on July 07, 2019

  India will closely monitor its shadow lending sector, the finance minister said on Saturday, a day after announcing the central bank would get much more...

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  Turkey fires central bank chief as policy differences deepen

  Reuters . Ankara | Updated at 12:17am on July 07, 2019

  Turkey on Saturday fired its central bank governor as policy differences between the government and the bank deepened in the face of an economic slump,...

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  China’s EXIM bank chief seeks faster yuan globalisation

  Reuters . Beijing | Updated at 12:13am on July 07, 2019

  The chairwoman of China’s Export-Import Bank on Saturday called for an acceleration of reforms to internationalise the Chinese currency, warning that external risks linked to...

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  India plans $10b bank recapitalisation

  Reuters . Mumbai/New Delhi | Updated at 12:01am on July 07, 2019

  The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders...

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  Europe needs to find candidate to head IMF: France

  Reuters . Aix-En-Provence | Updated at 12:00am on July 07, 2019

  European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French finance minister Bruno...