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Abdur Rahim Harmachi Chief Economics Correspondent Dhaka, Nov 1 (bdnews24.com)—Expatriate Bangladeshis remitted $1.4536 billion back home in October, a record high for a month, according to Bangladesh Bank. The previous high was $1.22 billion in January. The latest amount pushed up the total remittance in the first four months (July-October) of the current fiscal to […]

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State-owned Sonali Bank Limited on Thursday suspended 17 officials for their alleged links to the biggest financial forgery in recent times by Hallmark Group. The suspended officials include six officers of the Rupashi Bangla branch of Sonali Bank from which Hallmark Group siphoned off more than Tk 35 billion. They are senior officers Ujjal Kishore […]

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By: Sohel Parvez The central bank has tightened rules for classifying and rescheduling loans in a bid to improve banks’ financial health and ensure better discipline in the sector. But bankers said the move will swell the amount of default loans at banks and hurt profitability. In line with the latest directive of the Bangladesh […]

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