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  HC rebukes govt, BB for failure to create commission of inquiry

  Staff Correspondent | Updated at 12:38am on May 01, 2019

  The High Court Division on Tuesday reprimanded the government and the Bangladesh Bank for not complying with its directives to create a commission to inquire...

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  Benefits to defaulters cause cost of capital hike for good borrowers

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

  Economist Rehman Sobhan on Monday said that the cost of capital for small and good borrowers became higher due to relaxed loan scheduling facility for...

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  Banking sector falling behind int’l standards due to policy decisions

  Staff Correspondent | Updated at 12:00am on April 29, 2019

  Economists on Sunday said that Bangladesh’s banking sector was falling behind the international standards due to some recent policy decisions including change in definition of...

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  Atiqur becomes Jamuna Bank chairman

  Business Desk | Updated at 12:00am on April 29, 2019

  Md Atiqur Rahman has become chairman of board of directors of Jamuna Bank Limited with effect from Sunday, said a press release.He earlier served as...

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  Bangladesh Bank may offer bailout to ailing NBFIs

  HM Murtuza | Updated at 12:00am on April 28, 2019

  Bangladesh Bank is likely to formulate a bailout plan for up to eight non-bank financial institutions which have no capacity to return clients’ money.The central...

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  Govt to project GDP growth at 8.2pc in new budget

  Staff Correspondent | Updated at 12:00am on April 25, 2019

  The government is likely to project growth in gross domestic product at 8.2 per cent and the rate of inflation at 5.5 per cent for...

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  Rumee Ali becomes AB Bank chair

  Business Desk | Updated at 12:00am on April 25, 2019

  Muhammad A (Rumee) Ali has been appointed as AB Bank chairman with effect from April 20, said a press release.He started his career with ANZ...

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  China to recalibrate Belt and Road, defend scheme against criticism

  Reuters . Beijing | Updated at 12:00am on April 25, 2019

  China is expected to promote a recalibrated version of its Belt and Road initiative at a summit of heads of state this week in Beijing,...

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  RBI steps up liquidity management to make rate cuts count

  Reuters . Mumbai | Updated at 12:00am on April 25, 2019

  The Reserve Bank of India’s surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts...

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  United Finance holds 30th AGM

  Business Desk | Updated at 12:00am on April 25, 2019

  The 30th annual general meeting of United Finance Limited was held at Dhaka Ladies Club in Dhaka on Wednesday, said a press release....