Forex reserves cross $27b

Foreign exchange reserves yesterday crossed the $27 billion mark for the first time, egged on by a drop in global commodity prices,
29 October 2015, 18:00 PM

WB pledges greater support

The World Bank yesterday pledged greater support for Bangladesh's efforts to reform its economy as it would spread prosperity faster
29 October 2015, 18:00 PM

Real-time payment settlement goes live

After several missed deadlines, Bangladesh Bank's real-time gross settlement system (RTGS) finally went live yesterday, a move that
29 October 2015, 18:00 PM

HSBC shifts derivatives trades to Hong Kong as HQ decision looms

HSBC has begun shifting billions of dollars worth of derivatives trades from London to Hong Kong to take advantage of the city's
27 October 2015, 18:00 PM

BB to give foreign currency loans to small, medium manufacturers

Bangladesh Bank is set to provide long-term foreign currency financing to small- and medium-scale manufacturers with funds from the
27 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

State banks pass hard times as loan growth stalls

State-owned commercial banks are struggling to get new business in a market that is becoming increasingly competitive, data from Bangladesh Bank shows.
22 October 2015, 18:00 PM

Brac Bank makes account opening easy

Opening a bank account was not so easy even a few years ago. But with the advancement of technology and the central bank's
20 October 2015, 18:00 PM

New chief information officer for Sonali Bank

Md Mofazzal Hossain has recently been appointed as the chief information officer of Sonali Bank.
19 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

BASIC's fight to get back on feet

State-owned BASIC Bank, which succumbed to reckless lending during the tenure of its controversial chairman Sheikh Abdul Hye
17 October 2015, 18:00 PM

Banks caught in Bismillah Group scam are yet to retrieve any fund

The five local banks that lent Tk 1,100 crore to the fraudulent Bismillah Towels Group are yet to recover a single penny three and a half years after the scam was detected.
14 October 2015, 18:00 PM

Banks donate Tk 25.8cr to PM's fund

Local private commercial banks donated Tk 25.80 crore to the Prime Minister's Relief Fund on Monday, said Nazrul Islam Mazumder,
13 October 2015, 18:00 PM

BB steps in to execute jute packaging law

The central bank has stepped in to help the government implement the jute packaging law, which remains pending due to resistance by
12 October 2015, 18:00 PM

Govt gives nod to IFC's taka bond

The taka is set to make its debut in the international bond market as the government gave approval to the International Finance
10 October 2015, 18:00 PM

BB permits online payment of visa fees

The central bank has allowed online payment of visa processing fees through international credit card (ICC) as per the requirement of concerned embassies and high commissions.
4 October 2015, 18:00 PM

BASIC Bank scam: ACC files 3 more cases

The Anti-Corruption Commission (ACC) files three more cases with Dhaka’s Gulshan Police Station in connection with the swindling of money from state-run Basic Bank.
23 September 2015, 08:20 AM

BB detects cash theft

An official of State Bank of India's Bangladesh operation was caught as he attempted to steal Tk 5 lakh from outside the central bank
22 September 2015, 18:00 PM

Taka should be depreciated to boost exports: economist

The central bank should go for a steady depreciation of the taka to help exporters maintain their competitiveness as Bangladesh's
17 September 2015, 18:00 PM

First Security Islami Bank's new DMD

Md Saifur Rahman Patwary has been promoted as the deputy managing director of First Security Islami Bank, the bank said in a statement yesterday.
14 September 2015, 18:00 PM