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Banks must keep adequate cash in ATM during holidays: BB
Staff Correspondent | Updated at 10:19pm on March 24, 2020
The Bangladesh Bank on Tuesday asked banks to ensure availability of adequate cash in the automated teller machines during the 10-day holidays announced by the...
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Bangladesh Bank approval mandatory for bank CEOs’ foreign trip
Staff Correspondent | Updated at 11:07pm on March 23, 2020
The Bangladesh Bank on Monday made it mandatory for the chief executives of all scheduled banks to obtain the central bank’s prior approval for foreign...
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Bangladesh Bank cuts policy rates to inject more cash into market
Staff Correspondent | Updated at 11:05pm on March 23, 2020
The Bangladesh Bank on Monday reduced the mandatory cash reserve ratio for the banks to 5 per cent from 5.5 per cent with a view...
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Bank branches must be kept fully functional
Staff Correspondent | Updated at 10:00pm on March 22, 2020
Branches of all scheduled banks must be kept fully functional to facilitate uninterrupted financial transactions during the outbreak of coronavirus, said Bangladesh Bank officials. On...
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Pandemic money: where’s it coming from and who pays
Agence France-Presse . Paris | Updated at 10:08pm on March 21, 2020
The mammoth bailout sums unleashed to combat the 2008 financial crisis fuelled populist backlashes in many countries as taxpayers were handed a whopping bill. This...
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Banks encourage clients to avail services digitally
Staff Correspondent | Updated at 10:02pm on March 21, 2020
Many banks in the country have advised their clients to use ATMs or internet based on-line platforms to avail services in the wake of coronavirus...
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US Fed pleased with banks’ use of new funding sources
Agence France-Presse . Washington | Updated at 10:47pm on March 20, 2020
The Federal Reserve said on Thursday that it was encouraged by the reaction of banks to the extraordinary efforts to pump cash into the US...
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ECB sees ‘considerable decline’ in euro area activity
Agence France-Presse . Berlin | Updated at 10:19pm on March 20, 2020
President of the European Central Bank Christine Lagarde said on Thursday that the novel coronavirus pandemic would lead to a ‘considerable decline’ in economic activity...
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Economists criticise 4 SoBs’ moves to take over Navana’s loans
HM Murtuza | Updated at 10:10pm on March 20, 2020
Economists have criticised the moves taken by four state-owned banks —Sonali, Rupali, Agrani and Janata — to take over Tk 5,232 crore in loans of 17...
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Tariqul becomes SBAC Bank acting MD, CEO
Business Desk | Updated at 10:54pm on March 19, 2020
Tariqul Islam Chowdhury has been promoted as the acting managing director and CEO of South Bangla Agriculture and Commerce Bank, said a press release. He...
Wednesday, April 08, 2020
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