Jebun Nesa Alo

Bangladesh Bank has given AnonTex, which took more than Tk 5,500 crore from Janata Bank through serious irregularities, a controversial permission to take more loans from other state-owned banks as well, reschedule its loans and valuate its assets afresh to make it look like a healthy company.

Janata Bank has been granting undue favour to yet another big borrower, allowing the company to open letters of credit (LC) one after another overstepping all sorts of banking rules, multiple Bangladesh Bank investigations have found.

After enduring a serious cash crunch since the middle of 2017, the banking sector has started to witness a sharp rise in excess

Home loans have seen faster growth thanks to the rising demand for house ownership amid low-interest rate, giving a much-needed

The number of active mobile financial service (MFS) accounts has decreased by 9.72 lakh in a month as the banking watchdog has

Janata was almost a sound bank, the best among its state-owned peers until last year. It saw a dramatic fall in just six months since January this year.

After taking over a number of banks and financial institutions in the past few years, Chattogram-based S Alam Group has now set its

Saddled with Tk 8,300 crore loans to two business groups, most of which have gone bad, Janata Bank has moved to auction property and goods of one -- Crescent Group.

The government's oil import bill is set to jump 36 percent this fiscal year thanks to the appreciation of the dollar and an increase in global oil prices -- a development that can lead to a hike in oil prices in the local market, officials said.

Banks' aggressive drive for funds has finally pushed up the deposit growth, easing the cash crunch that has crippled the banking

Bangladesh's stockmarket is being held back from reaching its potential because of the indiscipline in the banking sector, which has spoiled companies' attitude, said M Khairul Hossain, chairman of the Bangladesh Securities and Exchange Commission (BSEC).

Everything is happening at Janata Bank, and in the latest case it deliberately did not mark Tk 2,643 crore of its Tk 5,508 crore loans given to a single group -- AnonTex -- as classified, ignoring Bangladesh Bank's instructions.

Twenty-one general insurance companies have reinsurance claims worth Tk 364.47 crore pending with state-run Sadharan Bima Corporation (SBC) as of March, which left them with a shortage of funds needed to pay their clients.

The rising nonperforming loans have continued to widen the loss of the scam-hit BASIC Bank.

Bangladesh Bank's operating profit jumped 46 percent year-on-year to Tk 791 crore last fiscal year on the back of higher income from

Excess liquidity, which was burden for banks even a year ago, is fast running down on the back of the strong private sector credit growth.

The Insurance Development and Regulatory Authority (IDRA) has suspended the fire insurance business of Continental Insurance Ltd for its failure to settle claims worth Tk 24.46 crore of a client.

“Oh my God! Incredulous!” was the expression of a banking expert as he leafed through the Bangladesh Bank probe report. Page after page of it explains in painstaking details how a Bangladeshi business entity allegedly skimmed at least Tk 765 crore in the name of exports from the state-owned Janata Bank and the BB from January 2017 to February this year.

Bangladesh Bank has given the go-ahead to four state banks to disburse more loans this year in the wake of shrinking lending

The Bangladesh Bank has detected some gross violations in foreign exchange transactions that have raised concerns about money laundering.