Daily Banking News Links 17.01.2019
Bangladesh Bank (BB) received 5,731 complaints from bank clients
Bangladesh Bank (BB) received 5,731 complaints from bank clients last year. According to BB data, 3,058 complaints were received over telephone, 2,404 were written and 233 were sent online.While most of the complaints were related to loans and advances, clients also complained about card services, remittance, and other services. Out of the total complaints, 1,972 were general banking-related, 381 were service-related, 135 were related to bank guarantees, 502 were card-related and 431 were trade bill-related………..
Dhaka stocks down as investors book profits
Dhaka stocks decreased on Wednesday but the turnover at Dhaka Stock Exchange hit 1,000 crore for the third consecutive session as investors went for selling shares to take profits after the recent surge in stock prices.
DSEX, the key index of DSE, lost 0.40 per cent, or 23.79 points, to close at 5,839.48 points on Wednesday after gaining 27.04 points in the previous session.The core index gained 645.79 points in a recent rally……….
Confusion deepens over date of export tax cut effectiveness
Stakeholders, mainly banks, are in confusion about the date when the reduced rate of source tax on export proceeds of readymade garment and other sectors would take effect.
Some banks have been implementing the new rate at 0.25 per cent since January 1, the date when the rate was revised through a statutory regulatory order, while some other banks have been implementing the rate from July 1………………
British banks soldier on thru’ murky waters
British banks swerved heavy share price losses in early trading on Wednesday, hours after a parliamentary vote on Prime Minister Theresa May’s Brexit deal returned the most blistering defeat for a UK government in almost a century.State-backed Royal Bank of Scotland and Lloyds Banking Group enjoyed rises of 1.7 percent and 1.4 percent respectively, while Barclays and HSBC saw stocks up by 0.7 percent each by 0909 GMT………………….
Experts wary of Brexit impact