Banking

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    HSBC arranges $118m sustainability linked loan for Square Group

    Staff Correspondent | Updated at 11:12pm on June 23, 2020

    The Hongkong and Shanghai Banking Corporation in Bangladesh on Tuesday said that it arranged the country’s first ever sustainability linked loan worth $118 million (approximately...

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    Forex traders get relaxation in licence renewal

    Staff Correspondent | Updated at 10:46pm on June 23, 2020

    The Bangladesh Bank on Tuesday relaxed the licence renewal condition for money changers whose businesses had been hit hard by the coronavirus outbreak in the...

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    Padma Bank launches WFH software for employees

    | Updated at 10:51pm on June 22, 2020

    Padma Bank has launched a unique software called the ‘Work from Home’ solution which is being used now by 300 of its employees who are...

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    Mercantile Bank inaugurates 7 agent banking outlets

    | Updated at 10:50pm on June 22, 2020

    Mercantile Bank has opened seven agent banking outlets across the country to provide the basic banking services to the unbanked population of the country during...

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    Bangladesh Bank tightens monitoring on banks, NBFIs

    Staff Correspondent | Updated at 10:30pm on June 22, 2020

    The Bangladesh Bank has tightened its monitoring over the banks and nonbanks financial institution regarding disbursement of loans to cottage, micro, small and medium enterprises...

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    BB jt director dies of COVID-19

    Staff Correspondent | Updated at 04:41pm on June 22, 2020

    Bangladesh Bank joint director Sheikh Farid Uddin died of COVID-19 at Holy Family Red Crescent Medical College Hospital in the capital on Monday. Farid, 37,...

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    Eleven banks face Tk 8,632 crore in provision shortfall

    Staff Correspondent | Updated at 11:06pm on June 21, 2020

    Eleven scheduled banks including four state-owned banks suffered Tk 8,632 crore in provision shortfall at the end of March this year, exposing a sorry state of...

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    Bangladesh Bank relaxes CRR for NBFIs amid liquidity crisis

    Staff Correspondent | Updated at 11:03pm on June 21, 2020

    The Bangladesh Bank on Sunday reduced the cash reserve ratio for the country’s non-bank financial institutions by one percentage point amid liquidity crisis in the...

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    World Bank approves $1.05b loans for job creation in Bangladesh

    Staff Correspondent | Updated at 03:29pm on June 20, 2020

    The World Bank has approved $1.05 billion in loans to Bangladesh to create quality jobs and respond to COVID-19 pandemic. Washington-based global lender on Friday...

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    Russia’s central bank cuts key rate to historic low

    Agence France-Presse . Moscow | Updated at 11:21pm on June 19, 2020

    Russia’s central bank on Friday announced a 1.0-per centage-point cut to its key interest rate, taking it to 4.5 per cent, the lowest level in...

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