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    Bangladeshi bank executes world’s 1st Shariah-based blockchain transaction

    Staff Correspondent | Updated at 12:04pm on January 12, 2021

    International Islamic Trade Finance Corporation, a Jeddah based organisation, has partnered with the Bangladesh-based City Bank to execute the world’s first Shariah-compliant cross-border blockchain transaction,...

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    4,865 more accounts with over Tk 1cr in Apr-Sept

    Jasim Uddin | Updated at 11:20pm on January 10, 2021

    The number of bank accounts with more than Tk 1 crore in deposit has significantly increased in the country following the COVID-19 outbreak, indicating a rising...

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    NSC sales in July-Nov reaches 95.22pc of FY21 target

    Staff Correspondent | Updated at 01:40am on January 04, 2021

    Net government borrowing against sales of national savings certificates reached 95.22 per cent of the budgetary target in the first five months of the current...

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    NRB Global Bank turns Global Islami Bank

    Staff Correspondent | Updated at 05:36pm on December 31, 2020

    NRB Global Bank is switching to Shariah-based Islami banking operations and thus is changing its  names as Global Islami Bank, said the bank in a...

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    Taxpayers asked to complete banking activities by Wednesday

    Staff Correspondent | Updated at 08:57pm on December 29, 2020

    The National Board of Revenue on Tuesday advised individual income taxpayers to complete their banking activities related to income tax payment by December 31 is...

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    Managing banking risks with SOP

    Rashidul Islam Khan | Updated at 12:00am on December 28, 2020

    THE modern theory for the provision of customer services by commercial banks, often compared to services provided by retail shops where buyers ad sellers come...

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    Standard Bank services to remain suspended for 6 days

    Staff Correspondent | Updated at 06:27pm on December 24, 2020

    Services of Standard Bank will partially remain suspended for six days for migration of its core banking solution, said a Bangladesh Bank circular on Thursday....

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    A third of banks hold 73pc deposits

    HM Murtuza | Updated at 11:43pm on December 22, 2020

    One-third of the country’s banks are holding three-fourths of the deposits in the country’s banking sector, according to Bangladesh Bank data. The BB data showed...

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    Call money rate dips to 2-yr low

    HM Murtuza | Updated at 11:37pm on December 19, 2020

    The weighted average call money rate in the country’s banking system dropped to a two-year low with the rate remaining below 2 per cent for...

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    Political influence must not encumber banking sector

    | Updated at 12:00am on December 15, 2020

    THE Financial Institutions Division coming to decide to train directors appointed by the government to scam-hit state-owned banks and financial institutions appear to be a...

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