BB turns away banks
Bangladesh Bank has received reverse repo bids worth Tk 36,711 crore from banks and non-bank institutions so far this month but did
10 December 2015, 18:00 PM
Local firm making plastic bottles with discards
For the first time in Bangladesh, a local company has started manufacturing PET bottles by recycling the used ones.
2 December 2015, 18:00 PM
LIC of India enters insurance business in Bangladesh
Life Insurance Corporation (LIC), India's largest life insurer, has finally partnered with two Bangladeshi companies to
1 December 2015, 18:00 PM
New banks facing trouble in foreign trade
Nine new banks, which began business more than two years ago, are still facing difficulties in opening their nostro
28 November 2015, 18:00 PM
Trust Bank to partner with Axiata for mobile banking
Trust Bank, sponsored by the Army Welfare Trust, has decided to form a subsidiary with Malaysia's Axiata Group to provide mobile financial services, agent banking and cards.
25 November 2015, 18:00 PM
Banks get warm responses
Swhan Chowdhury, who runs partially export-oriented Capital Cap House in Old Dhaka, is keen to expand his dairy
24 November 2015, 18:00 PM
JP Morgan clients buy into Islami Bank
JP Morgan's clients have bought around 3 percent shares of Islami Bank Bangladesh Ltd or IBBL over the past several years, officials said.
22 November 2015, 18:00 PM
Observers appointed to ailing state banks
Bangladesh Bank yesterday appointed observers to four state-owned banks -- Sonali, Janata, Rupali and Agrani -- after their key financial indicators such as capital adequacy and classified loans took a turn for the worse.
18 November 2015, 18:00 PM
Regulator scraps licence of Standard Insurance
In a rare move in Bangladesh, the insurance regulator has revoked the licence of Standard Insurance on charges of violating the rules of
17 November 2015, 18:00 PM
Bangladesh moves into crisis of aid utilisation
For quite a few years, Bangladesh has been enjoying respectable economic growth, improvement in social indicators,
14 November 2015, 18:00 PM
BB may ease rules for banks' stock exposure reports
The central bank hinted that it could reduce the frequency of banks' stockmarket exposure reports from weekly to fortnightly.
12 November 2015, 18:00 PM
Bicycle exports fall
Fire at a bicycle factory has significantly affected Bangladesh's bicycle exports in the first four months of the current fiscal year.
12 November 2015, 18:00 PM
HSBC programme improves lives of rural adolescent girls
Rina Akter, a ninth-grade student at a rural school in Rangpur, used to skip classes for three to four days a month due to menstruation.
9 November 2015, 18:00 PM
Taka continues to fall against dollar
The taka has continued to fall against the dollar for two weeks now after nearly one year of an unchanged exchange rate, according to
8 November 2015, 18:00 PM
Businesses sell off oceangoing ships as freight rates fall
Declining freight rates and high operating costs are forcing local entrepreneurs to sell off their oceangoing ships, industry insiders
8 November 2015, 18:00 PM
IMF to check updates on BASIC Bank
Troubled BASIC Bank will figure prominently in discussion during the upcoming visit of a delegation of the International Monetary Fund, central bank officials said.
2 November 2015, 18:00 PM
Bangladesh Bank removes Badal from IFIC board of directors
Bangladesh Bank has removed Mohammad Lutfar Rahman Badal from the board of directors of IFIC Bank, citing his negligence in duty and alleged funding of subversive activities.
29 October 2015, 18:00 PM
Seven banks post negative credit growth
Seven banks out of the total of 56 posted negative year-on-year credit growth in August -- a manifestation of the central bank's growing compliance requirements.
25 October 2015, 18:00 PM
Call money rate slumps to six-year low
The call money rate, which is the rate at which banks lend overnight money to each other, slumped to a six-year low of 5.71 percent in September, indicating the market is flush with liquidity but does not have much demand for credit.
25 October 2015, 18:00 PM
Banks hit by crisis of cash dollars
Huge outflow of foreign currency during Hajj and Eid-ul-Azha has created a crisis of cash US dollar in Bangladesh, according to market players and the regulator.
19 October 2015, 18:00 PM