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BB asks City Bank to explain job cut fear among employees
HM Murtuza | Updated at 09:39pm on August 04, 2020
The Bangladesh Bank has issued a show cause letter to City Bank asking it to explain concerns among its employees regarding job termination amid the...
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Deposit in NBFIs shrinks 5.33pc in 2019 amid clients’ distrust
Staff Correspondent | Updated at 09:35pm on August 04, 2020
Deposit in non-bank financial institutions dropped by 5.33 per cent or Tk 2,428 crore in the year 2019 due to fund withdrawal pressure amid growing...
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Foreign firms get 3 more months to borrow from parent cos
Staff Correspondent | Updated at 11:31pm on July 29, 2020
The Bangladesh Bank has extended by three months the validity of a policy relaxation that allows foreign-owned companies operating in Bangladesh to get short-term working...
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Banks asked to reinforce agri loan release in CHT
Staff Correspondent | Updated at 11:29pm on July 29, 2020
The Bangladesh Bank on Wednesday asked the country’s scheduled banks to facilitate the Tk 10-bank account opening by farmers in Rangamati, Khagrachari and Bandarban with a...
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BB cuts key rates in expansionary, accommodative monetary policy
HM Murtuza | Updated at 11:18pm on July 29, 2020
The Bangladesh Bank on Wednesday unveiled an expansionary and accommodative monetary policy for the fiscal year 2020-2021, lowering the bank rate to 4 per cent...
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BB keeps private sector credit growth target unchanged in FY21 MPS
Staff Correspondent | Updated at 03:10pm on July 29, 2020
The Bangladesh Bank on Wednesday unveiled the monetary policy statement for the fiscal year 2020-2021 with the aim to support economic revival through acceleration of...
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Bangladesh banks face highest asset yield erosion in Asia-Pacific region: Moody’s
HM Murtuza | Updated at 10:49pm on July 28, 2020
Bangladesh’s banking sector witnessed the highest fall in asset yield in the Asia-Pacific region during the last six years despite the fact that the banks’...
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FB posts over Tk 4,000 Eid bonus to Bkash accounts baseless: BB
Staff Correspondent | Updated at 11:35pm on July 27, 2020
The Bangladesh Bank on Monday termed fake and baseless different Facebook posts that said the central bank would disburse Tk 4,000 to each Bkash account on...
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Transactions of call money rise ahead of Eid
Staff Correspondent | Updated at 11:21pm on July 27, 2020
Demand for call money has increased slightly ahead of Eid-ul-Azha, the second largest religious festivals of the Muslims, as banks and non-bank financial institutions are...
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Small enterprises to get up to Tk 50 lakh in loans without collateral
Staff Correspondent | Updated at 11:15pm on July 27, 2020
Bangladesh Bank on Monday launched a credit guarantee scheme for the cottage, micro and small enterprises allowing banks to issue up to Tk 50 lakh...