Bank News
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BB loosens rules for loan classification
In a major move, the central bank yesterday eased the loan classification rules as it continues to engineer to show...
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Loans against movable assets on the cards
People can soon get loans from banks by keeping their movable assets with banks as collateral, in a development that...
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Tech talk: A local startup bets the bank on electronic payments
Not long ago, when next door neighbour came up with a new data policy introducing strict requirements for big tech...
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Standard Chartered Bangladesh launches Swadeshi Banking for NRBs
Standard Chartered Bangladesh has announced the launch of Swadeshi Banking, a one-stop suite of banking solutions for Non-Resident Bangladeshis (NRBs).The...
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Is Wall Street's first female boss closer?
Wall Street could soon welcome its first-ever female chief executive after JP Morgan announced that finance boss Marianne Lake will...
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Move to rid banks of NPL burden
The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of...
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UN-led organisations call for overhaul
Unless national and international financial systems are revamped, governments will fail to keep their promises on critical issues such as...
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Bangladesh second fastest growing economy: IMF
Bangladesh is among the three fastest growing economies in the world, according to the International Monetary Fund (IMF) -- in...
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Trade deficit narrows
Trade deficit squeezed by 8.42 percent in the first eight months of 2018-19 thanks to the steady growth of exports...
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Fintech may boost financial inclusion: BB
Financial technology, popularly known as fintech, may facilitate financial inclusion in Bangladesh by offering new platforms for savings and borrowings...
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Banks gearing up for the digital wave
Banks are no longer a place where depositors just go to stash their money and borrowers go to borrow funds...
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Addressing the menace of NPLs
It is heartening to learn that the newly elected government is keen to address the menace of non-performing loans (NPL)...
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Before India votes, RBI cuts rates by 25 basis points to spur growth
The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points on Thursday, in a widely...
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Private credit growth hits 53-month low
Private sector credit growth hit a 53-month low in February thanks to the ongoing liquidity crunch brought about by the...
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Recovery fails to keep pace with default loan spike
The pace of recovery of banks' nonperforming loans (NPL) was much lower than the rate at which their NPL increased...
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Sonali Bank: once bitten, twice shy
Sonali Bank has emerged as an anomaly in the banking sector, logging in almost half the loan-deposit ratio than other...