BB asks banks to be tough on top defaulters

The top 20 defaulters account for 46 percent -- or Tk 32,432 crore -- of the total default loans in the banking sector, much to the
11 January 2018

AB Bank must set aside Tk 165cr as provision: BB

Bangladesh Bank has rejected AB Bank's request for keeping provisioning in four phases between 2018 and 2021
10 January 2018

JP MP sued for misappropriating Tk 275cr loan of Basic Bank

Anti-Corruption Commission (ACC) sues Jatiya Party lawmaker Mahjabeen Morshed, her husband and five others for allegedly misappropriating around Tk 275crore of Basic Bank.
10 January 2018

WB gives another $245m to help improve safety net

The World Bank yesterday signed an agreement with Bangladesh giving $245 million to help the country improve equity, efficiency and
9 January 2018

Agent banking faring fine

Banks have started to reap benefit from agent banking just two years after the full-fledged rollout of the alternative
9 January 2018

Govt's bank borrowing now negative

The government's debt servicing cost is ballooning thanks to its growing leaning towards high-cost savings tools
9 January 2018

Dollar rally continues

The US dollar continues to appreciate against the taka although the central bank injected more than $1.11 billion
8 January 2018

Symphony launches 4G enabled P9 plus

Symphony has recently launched Symphony P9 plus, a smartphone created with selfie lovers in mind.
7 January 2018

New top brass for Shahjalal Islami Bank

Akkas Uddin Mollah has recently been elected chairman of Shahjalal Islami Bank.
7 January 2018

SC backs BB decision to remove NRBC Bank's MD

The Supreme Court yesterday cleared the way for Bangladesh Bank to implement its decision to remove Dewan
7 January 2018

Sales of savings tools continue to climb

Savers' appetite for high-yielding schemes shows no sign of fading as net sales of savings certificates rose 4.19
7 January 2018

City Bank gets $10m from Norwegian lender

City Bank has recently secured $10 million funds from the Norwegian Development Bank (Norfund) to support its
6 January 2018

Go for centralised banking to reduce risks, costs

Banks in Bangladesh should adopt a centralised banking system as it helps lenders reduce costs as well as credit and
6 January 2018

Farmers Bank appoints Khasru as new CEO

Trouble-hit Farmers Bank has appointed veteran banker Md Ehsan Khasru as its new managing director with an aim
4 January 2018

Banks, power producers get a boost from BB

The central bank has exempted banks from keeping provisions in opening letters of credit to import equipment for
4 January 2018

Govt to amend Grameen Bank electoral rules again

The government is set to amend the electoral rules of Grameen Bank for the third time in four years after its previous attempts to elect
3 January 2018

Forex reserves fall to 1-year low after ACU payments

Bangladesh's foreign exchange reserves fell to $32.01 billion yesterday, the lowest since January last year, following the largest ever
3 January 2018

Mosharraf new NBR chairman

The government yesterday appointed former senior secretary Md Mosharraf Hossain Bhuiyan as chairman of the National Board of
3 January 2018

Top bankers seek BB support to halt sudden changes in boards

The Association of Bankers, Bangladesh (ABB) yesterday said both management and depositors are now in panic following the sudden changes in ownership of different banks last year.
3 January 2018

Loan write-offs soar

Banks wrote off Tk 452 crore in the three months to June last year, up by over 18 times from Tk 24.76 crore in the previous three months.
2 January 2018