Dash-8 crash adds to woes of Biman
Just two months ago, Biman Bangladesh Airlines shelled out $559,000 (Tk 4.7 crore) for thorough upkeep of a Bombardier Dash-8
21 May 2019, 18:00 PM
21 May 2019, 18:00 PM
BB needs operational independence
Operational independence is needed for Bangladesh Bank to take supervisory actions and stop the government’s interference in the
12 May 2019, 18:00 PM
12 May 2019, 18:00 PM
Loans getting costlier amid cash crunch
In the last one and a half years a home loan borrower of Delta Brac Housing (DBH) has experienced a hike in his interest rate three times.
7 May 2019, 18:00 PM
7 May 2019, 18:00 PM
Biman ticket sale shoots up
Biman Bangladesh Airlines has seen a sharp rise in ticket sales which the aviation ministry claims was due to a drive against corruption in ticketing.
7 May 2019, 18:00 PM
7 May 2019, 18:00 PM
Biman to resume Dhaka-Delhi flight as Jet Air bows out
Biman Bangladesh Airlines is set to resume direct flight operations between Dhaka and Delhi after a five-year gap following Jet
20 April 2019, 18:00 PM
20 April 2019, 18:00 PM
Regent cuts fleet size to beat financial woes
Regent Airways has moved to shave off two aircraft from its fleet as part of its plan to ride out the financial crisis the local airline has
13 April 2019, 18:00 PM
13 April 2019, 18:00 PM
Insurers' premium income goes up
The insurance sector's income growth from premium hit an eight-year high last year thanks to heightened efforts by insurers to revive lapsed insurance policies.
30 March 2019, 18:00 PM
30 March 2019, 18:00 PM
Sonali Bank: once bitten, twice shy
Sonali Bank has emerged as an anomaly in the banking sector, logging in almost half the loan-deposit ratio than other banks last year, at a time when most were gasping to contain their ratio to within the authorised limit.
27 March 2019, 18:00 PM
27 March 2019, 18:00 PM
State banks' loss-making branches shrink
State-run banks saw a significant decline in the number of loss-making branches last year as Bangladesh Bank's plan to reinvigorate the institutions is at long last bearing fruit.
14 July 2018, 18:00 PM
Private banks made to work harder for deposits
Despite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth due to a lack of confidence of depositors following a series of reports of loan scams.
12 July 2018, 18:00 PM
Businesses diving into foreign currency loans
The high interest rates on lending have rerouted corporate borrowers to the doors of the offshore banking units for loans in foreign currency, which comes at much lower rates.
5 July 2018, 18:00 PM
DuSai Resort put up for sale to recover loans
IFIC Bank has moved to auction the DuSai Resort & Spa, a high-end hotel located in Moulvibazar for its failure to repay more than Tk 87.56 crore in loans.
25 June 2018, 18:00 PM
Interest burden getting heavier
Interest payments get the fourth highest allocation, which is also higher than the combined allocation for health, social security and welfare in the proposed budget for 2018-19.
7 June 2018, 18:00 PM
Unjust excise duty on bank accounts
Monirul Islam, a banker, did a double take when he saw a Tk 2,500 charge on his loan account in December last year. He took the auto
6 June 2018, 18:00 PM
Credit growth slowdown imminent
The rising interest rate will put the brakes on the runaway private sector credit growth this year as entrepreneurs will be reluctant to take on high-cost funds, said a top banker.
28 May 2018, 18:00 PM
State banks on a loan rescheduling spree
State-run banks are fervently rescheduling loans with a view to flattering their true financial health.
20 May 2018, 18:00 PM
USE CARDS, GET DISCOUNTS
Private banks are preparing attractive offers on the use of plastic cards during Ramadan, Bangladesh's peak shopping season, with the
9 May 2018, 18:10 PM
Liquidity crisis brings cheer to state banks
The ongoing liquidity crisis, which has become a bane for private banks and non-bank financial institutions, is turning out to be a
5 May 2018, 18:00 PM
Private credit growth cools down in March
Private sector credit growth finally hit the brakes in March on the back of the central bank's efforts to curb aggressive lending by banks.
30 April 2018, 18:00 PM
Card use finally spreading
Bangladeshi consumers are slowly but surely warming up to the idea of using cards, especially debit cards, to make payments, with
24 April 2018, 18:00 PM
Shipbuilders served loan rescheduling on silver platter
At a time when the country's banking sector is going through a liquidity stress, the borrowers from the shipbuilding industry are being gifted with a 10-year loan rescheduling facility by the finance ministry.
18 April 2018, 18:00 PM
Borrow money, never pay back
It was a time when politics played havoc with the economy.
7 April 2018, 18:00 PM
Mega discounts on card usage ahead of Pahela Baishakh
Banks and mobile financial service providers are offering a bundle of discounts for shoppers in the run-up to Pahela Baishakh, which has become one of the biggest spending occasions for Bangladeshis.
4 April 2018, 18:00 PM
Private sector credit growth continues to rise
Private sector credit grew 18.49 percent in February, up from 18.36 percent a month earlier and way past the central bank's target of 16.3 percent, dispelling the notion of an ongoing liquidity crisis in the banking sector.
3 April 2018, 18:00 PM
Nepal Plane Crash Insurance: Each victim may get up to Tk 1.6cr
Families of the victims of US-Bangla plane crash are each entitled to get up to Tk 1.6 crore in compensation from the airlines and its insurers under international aviation laws.
26 March 2018, 18:00 PM
All set for mega oil refinery
Bashundhara Group is set to build the country's largest oil refinery plant in Chittagong, which is expected to meet about 80 percent of the national demand for refined oil.
16 March 2018, 18:00 PM
Women occupy 12pc of board seats in banks
Nearly 12 percent of the board members of different banks in Bangladesh are women, a development that can give
7 March 2018, 18:00 PM
Women entrepreneurs kept away from loans
Women entrepreneurs are still lagging behind in access to SME (small and medium enterprise) financing due to
7 March 2018, 18:00 PM