IDRA backtracks on new directive on insurers' expenses
The insurance regulator has decided not to implement its new directive on management expenses for non-life insurers after it found that the ceiling was unrealistic for the industry.
5 September 2016, 18:00 PM
Ex-directors of People's Leasing move to repay loans amid pressure
Five directors of People's Leasing and Financial Services, who were removed from the board last year for taking loans
27 August 2016, 18:00 PM
Banks in tight race as rates slide
Lenders are locked in a stiff competition to bag clients with good track record, according to industry players.
21 August 2016, 18:00 PM
Ratings a must for banks
Eastern Bank Ltd has paved the path forward once again, becoming the first company in the country to be ranked by
20 August 2016, 18:00 PM
Call money rate falls to record low amid tepid demand
The call money rate has plummeted to a record low, indicating the market is flush with liquidity with hardly any demand for credit.
17 August 2016, 18:00 PM
Sales of savings tools hit record
Net sales of savings instruments hit a record high in fiscal 2015-16, as investors were lured in by interest rates which are 5 percentage points higher than those offered by commercial banks on term deposits.
15 August 2016, 18:00 PM
Three non-banks weigh down entire sector
Three non-bank financial institutions' reckless lending has pushed up the overall industry's nonperforming loans.
13 August 2016, 18:00 PM
Private credit growth highest in four years
Banks' lending to private borrowers grew a robust 16.56 percent last fiscal year, according to central bank data
11 August 2016, 18:00 PM
United Group hastily pulls back from Islami Bank board
Hazrat Shahjalal (RA) Industrial City, a proposed company of power giant United Group, has left the post of directorship of Islami Bank within just one and a half months of assuming the position.
10 August 2016, 18:00 PM
Administrator barred from taking charge of Dhaka Mercantile Cooperative
The government appointed an executive officer for the controversial Dhaka Mercantile Cooperative Bank Ltd last month but the cooperative officials did not let him join office citing a stay order from the High Court.
4 August 2016, 18:00 PM
Banks' costs mounting
Most of the banks' cost-to-income ratio, which is used to measure efficiency and productivity, accelerated in 2015 from a year earlier.
2 August 2016, 18:00 PM
Regulator warns insurers on spending overruns
The insurance regulator has found that 40 non-life insurers have breached their respective limits on management expenses for the last
1 August 2016, 18:00 PM
In time, with less cost
In a country where red tape and bureaucratic tangles often delay the process of implementing any project on time, a unique example has been set in
29 July 2016, 18:00 PM
Ifad to start auto assembly in Sep
Ifad Autos, which is building the country's largest auto assembly plant at Tk 90 crore, is expected to roll out its first vehicle in
24 July 2016, 18:00 PM
Foreign insurers backtrack from Bangladesh entry
Two foreign insurance giants -- Prudential from the UK and Taiyo from Japan -- have backtracked on their plan to enter the Bangladesh
21 July 2016, 18:00 PM
Janata struggling with restructured large loans
State-owned Janata Bank is struggling to recover the large loans it restructured under a Bangladesh Bank special policy last year.
19 July 2016, 18:00 PM
BASIC Bank still in financial pain
The financial statements of the troubled state-owned BASIC Bank do not give a “true and fair view” of the institution's health, according
17 July 2016, 18:00 PM
BASIC's newly rescheduled loans already turning bad
As much as Tk 700 crore out of Tk 3,000 crore loans rescheduled by BASIC Bank between 2014 and May 2016 became bad loans again, according to the bank.
13 July 2016, 18:00 PM
BB defers discussion with New York Fed
Bangladesh Bank has deferred a meeting with the top officials of the Federal Reserve Bank of New York to discuss recovery of the $81
12 July 2016, 18:00 PM
Anti-money laundering meeting cancelled amid terror fear
The 19th annual meeting of the Asia/Pacific Group on Money Laundering (APG), which was scheduled to be held in Dhaka this month, has been cancelled in the wake of rising terror attacks in Bangladesh.
11 July 2016, 18:00 PM