HM Murtuza

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    Forced rate cut to put banks, economy at risk

    HM Murtuza | Updated at 10:16pm on February 25, 2020

    Bankers and experts have objected to the forceful implementation of the single-digit lending rate, leaving untouched the loan defaulters who have made the major damage...

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    Single-digit lending rate from April 1

    HM Murtuza | Updated at 01:03am on February 25, 2020

    Bangladesh Bank on Monday set a ceiling on interest rate for all the lending products, except credit cards, of the banks at 9 per cent...

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    5 banks face Tk 448cr loans in default

    HM Murtuza | Updated at 12:53am on February 21, 2020

    Five out of 35 scheduled banks, operating off-shore banking unit, have suffered Tk 447.94 crore in defaulted loans against their exposure through OBUs at the...

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    Traders yet to import any gold despite taking Bangladesh Bank licence

    HM Murtuza | Updated at 12:16am on February 18, 2020

    No gold trader is yet to express interest to import gold from international markets through legal channel after two and a half months of receiving...

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    Govt sets floor rate in violation of telecom law

    HM Murtuza | Updated at 12:13am on February 17, 2020

    The government has set only the floor rate of incoming international calls at 0.6 US cents per minute, slashing the rate by 65.71 per cent,...

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    Govt asks handset businesses to discourage feature phone use

    HM Murtuza | Updated at 10:06pm on February 14, 2020

    The government has instructed the country’s mobile phone manufacturers, assemblers and importers to discourage the use of the second generation (2G) mobile phone technology-enabled feature...

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    Bengal bank gets final approval

    HM Murtuza | Updated at 12:32am on February 10, 2020

    Bangladesh Bank on Sunday issued final approval to Bengal Commercial Bank as it finally managed to fulfill all the regulatory requirements including raising Tk 500...

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    Government allows Bangladesh Bank to form fund for stocks

    HM Murtuza | Updated at 12:02am on February 10, 2020

    The finance ministry has endorsed a Bangladesh Bank proposal to form a revolving refinance fund exclusively for the ailing capital market. The central bank received...

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    Govt’s bank loans reach Tk 49,106cr in 7 months

    HM Murtuza | Updated at 12:56am on February 07, 2020

    The government’s net borrowing from the banking system stood at Tk 49,106.16 crore in the first seven months of the current fiscal year 2019-2020 resulting...

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    Deposit growth in banks rises further in Nov as NSC sales plunge

    HM Murtuza | Updated at 09:30pm on January 31, 2020

    The growth in deposit in the country’s banking sector increased to 12.88 per cent in November last year as savers returned to banks after the...