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Beximco Ltd got its way, yet again. The central bank went out of its way to accept Beximco’s request for rescheduling demand loan of Tk 430.05 crore, and in so doing, created a moral hazard for the banking sector.
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The banking sector’s capital base strengthened on paper in the second quarter of the year after some banks were allowed to keep
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The central bank will allow non-bank entities to set up automated teller machines (ATMs) and point of sale (POS) terminals as it ramps up efforts to promote card-based transactions across the country.
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Banks are showing reluctance in lending through the agent banking window based in rural areas despite mobilising large sums through the platform.
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In a reversal of its stance, Bangladesh Bank yesterday paved the way for 11 large business groups to reschedule their loans even though they restructured their loans four years ago on condition of regular repayments.
