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Defaulted loans may double next year

The defaulted loan figure is set to double as the Bangladesh Bank is set to tighten the classification rules for all types of loans by March next year to meet the International Monetary Fund’s loan conditions. At the end of…

Rab must be rebuilt from the ground up

There is no doubt that reforming the Rapid Action Battalion (Rab) has become an urgent priority. After over a decade and a half of courting allegations of rights abuses, extrajudicial killings, and enforced disappearances—to the point of incurring US sanctions…

Ticks Up From April

WASHINGTON, D.C. — While small-business owners remain less optimistic about their current and future business situations than they were pre-pandemic, the latest Wells Fargo/Gallup Small Business Index survey highlights improvement in sentiment since early April. Two-thirds (67%) of small-business owners…

Lebanon says 60 killed in Israel strikes in east

Lebanon’s health ministry said at least 60 people were killed on Monday in Israeli raids on several areas in the eastern Bekaa Valley, most of them in the Baalbek region. The health ministry said the tolls covered 12 areas in…

Need a more flexible AePS environment

While the Aadhaar Enabled Payment System (AePS) has emerged as the foundational technology enabling cash-in cash-out (CICO) across the country, efforts by bad actors to defraud banking customers through it continue to be a pressing concern. The Reserve Bank of…

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