Banking

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    Some borrowers using funds in unproductive sectors: BB

    Staff Correspondent | Updated at 10:58pm on July 25, 2021

    Some of the borrowers have diverted stimulus funds to unproductive sectors like the stock market instead of using them in productive sectors, the Bangladesh Bank...

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    FY22 monetary policy to be announced Wednesday

    Staff Correspondent | Updated at 10:54pm on July 25, 2021

    The Bangladesh Bank is set to unveil a monetary policy statement for the fiscal year 2021-2022 with several key targets for FY21 remaining unattained. The...

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    US Fed to meet as inflation, virus variants complicate recovery

    Agence France-Presse . Washington | Updated at 10:43pm on July 25, 2021

    As rising prices and the spread of new Covid variants increase risks to the US economy, Federal Reserve officials are expected to maintain their easy...

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    Shibbir elected IFIL vice-chairman

    Business Desk | Updated at 10:39pm on July 25, 2021

    Shibbir Mahmud has been elected vice-chairman of Islamic Finance and Investment Limited, said a press release. The decision came at the 285th board of directors...

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    Safety net payout: Nagad spearheads in digitize disbursement

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 03:55pm on July 25, 2021

    The mobile financial wing of the Bangladesh Post Office, Nagad, has made revolutionary changes in distributing the government's safety-net, stipend and different financial assistance to...

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    US to hit debt limit on Aug 1, Yellen warns

    Agence France-Presse . Washington | Updated at 10:10pm on July 24, 2021

    The US government will hit the federal borrowing limit on August 1, forcing officials to take ‘extraordinary measures’ until lawmakers increase the level, treasury secretary...

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    Momen becomes BRAC Bank DMD

    Business Desk | Updated at 10:07pm on July 24, 2021

    BRAC Bank has promoted its SME banking division head Syed Abdul Momen as the deputy managing director, a press release said. Momen joined BRAC Bank...

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    ECB lifts Covid-era curbs on banks’ dividends

    Agence France-Presse . Frankfurt | Updated at 10:07pm on July 24, 2021

    The European Central Bank said on Friday that it would end pandemic-era restrictions on banks’ payouts to shareholders but urged eurozone lenders to ‘remain prudent’....

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    Nagad offers easy mobile recharge service

    Staff Correspondent | Updated at 04:58pm on July 24, 2021

    Nagad, the mobile financial service of Bangladesh Post Office, is offering its users cost effective mobile recharge without leaving the house during the strict restriction...

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    Banks, bourses open today on limited scale

    Staff Correspondent | Updated at 12:00am on July 25, 2021

    Banks and stock exchanges will open today after a fourday recess due to Eid-ul-Azha and weekly holidays. However, banks will remain open for customers from...

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