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Floating rate loans are common in the banking industry and for large corporate customers. [4] [5] A floating rate mortgage is a mortgage with a floating rate, as opposed to a fixed rate loan. [6] In many countries, floating rate loans and mortgages are predominant. They may be referred to by different names, such as an adjustable rate mortgage ...
UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [ 4 ]
The bank was incorporated on 26 June 1983. The government owns shares in the bank. The bank was listed in the Dhaka Stock Exchange (DSE) by 1986 and Chittagong Stock Exchange (CSE) by 1995. [11] [14] On 8 April 1993, Humayun Zahir, the first chairman of the United Commercial Bank was murdered following a dispute with other bank directors. [15]
A currency that uses a floating exchange rate is known as a floating currency, in contrast to a fixed currency, the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations). [2]
In July 2021, Additional Deputy Inspector General of CID Kamrul Ahsan stated that cryptocurrencies were illegal in Bangladesh, which was contradicted by Bangladesh Bank. [ 12 ] On 6 August 2021, the Criminal Investigation Department was handed the cases against Faria Mahbub Piasha, Helena Jahangir, Moriom Akter Mou and Pori Moni who were ...
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According to witness reports, they tried to take Tk. 5 lakhs (US$6,400 as of June 2015) while holding bank officials hostage at gunpoint. However, as some of the officials obstructed the robbers, they were stabbed, injuring 5 of which 3 succumbed to their injuries in medical care: [13] a bank manager, a security officer and; a bank customer.
A former director at a Massachusetts migrant shelter is speaking out against what he says were incidents of widespread violence, child sexual assault and rape at shelters in the state, including ...