Economic corridor in southwest will bump up growth: ADB

The implementation of the proposed Southwest Bangladesh Economic Corridor (SWBEC) will enable the region's economic output to hit
12 December 2017

Islami Bank lends Tk 315cr bending rules

Islami Bank Bangladesh disbursed loans amounting to Tk 315 crore to Unilliance Textiles violating rules, jeopardising the interests of
12 December 2017

Philippine bank RCBC accuses Bangladesh of heist ‘cover-up’

The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence and demanded that it stop making the bank a “scapegoat.”
12 December 2017

Alamgir, Chisty barred from raising shares in Farmers Bank

Bangladesh Bank has shot down requests from former Farmers Bank Chairman Muhiuddin Khan Alamgir and Audit Committee
11 December 2017

NRB Commercial restructures board

Unsettled NRB Commercial Bank yesterday restructured its board of directors in a move that is expected to help restore corporate
10 December 2017

Sales of savings tools on the rise

Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers'
9 December 2017

Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources say.
8 December 2017

Court stays removal of NRBC Bank's MD

The High Court yesterday stayed the Bangladesh Bank's decision to remove NRB Commercial Bank's Managing Director Dewan Mujibur
7 December 2017

Bacchu falls sick during quizzing by ACC

Former Basic Bank chairman Sheikh Abdul Hye Bacchu has fallen sick, during his second day of quizzing over a loan scam that rattled Bangladesh’s banking sector.
6 December 2017

Graft: Bangladesh Bank removes NRB Commercial Bank MD Dewan Mujibur

Bangladesh Bank removes NRB Commercial Bank’s Managing Director Dewan Mujibur Rahman over gross irregularities including corruption.
6 December 2017

ADB approves $583m debt financing to develop Reliance Bangladesh LNG, power project

The Asian Development Bank has approved debt financing and partial risk guarantees totaling USD583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and power project.
5 December 2017

Now Sonali blames other banks, wants its money back

Sonali Bank yesterday pleaded with the Bangladesh Bank to help it recover Tk 895 crore that was debited from its account with the
4 December 2017

Loan scam: JP MP Shawkat ordered to pay Tk 5cr to BCBL in 2 months

The Supreme Court orders Jatiya Party lawmaker Shawkat Chowdhury to return Tk five crore to Bangladesh Commerce Bank Ltd (BCBL) in two months.
4 December 2017

ACC quizzes ex-BASIC Bank chairman Bacchu over scam cases

Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has been interrogated by the Anti-Corruption Commission (ACC) in scam cases.
4 December 2017

SWIFT warns banks on cyber heists as hack sophistication grows

SWIFT, the global messaging system used to move trillions of dollars each day, warned banks on Wednesday that the threat of digital
29 November 2017

Banks move to curb dollar's rally

Foreign exchange dealers yesterday decided not to sell US dollar at rates higher than Tk 83, in a bid to stem the recent appreciation of
29 November 2017

Banks remain open till 8pm today, tomorrow

Banks will remain open today and tomorrow until 8:00pm to help people pay taxes and submit income tax returns within the given deadline.
29 November 2017

SWIFT warns banks on cyber heists as hack sophistication grows

SWIFT, the global messaging system used to move trillions of dollars each day, warns banks that the threat of digital heists is on the rise as hackers use increasingly sophisticated tools and techniques to launch new attacks.
29 November 2017

11 banks served show-cause notices for selling dollar at higher rates

Bangladesh Bank yesterday issued show-cause notices to 11 banks for trading US dollars at prices higher than the inter-bank declared
28 November 2017

Muhith defends licence for three new banks

Finance Minister AMA Muhith has defended setting up more new banks in the private sector even though the newly opened lenders are
27 November 2017