The Greek parliament has backed the country's new bailout deal after all-night talks, despite a rebellion by many MPs in the governing Syriza party.

Intense competition among the 87 lenders to grab clients is putting pressure on the interest rates, but demand for money is not rising,

China devalued its currency after a run of poor economic data, a move it billed as a free-market reform.

The central bank has issued a stern warning to the four state-run commercial banks for their failure to improve their financial conditions, saying observers will be put in place if the situation does not improve.

Japan has pledged about $2 billion in soft loans to upgrade the Philippines' crumbling railway system in Tokyo's biggest ever support

European Commission head Jean-Claude Juncker believes an agreement on a third bailout for Greece is likely this month, hopefully by

Asia-focused British bank Standard Chartered slashed dividends by 50 percent on Wednesday after profits plunged in the first half of

Bangladesh Bank has taken an initiative to improve banks' financial health by increasing their capital adequacy ratio (CAR) in line with

Electronic transactions -- both mobile cash and online sales -- are tipped to cross the $300 billion-mark annually in the next five

The central bank's revised guideline on mobile financial services (MFS), now a draft, may impact business, ownership structures and competitiveness in the increasingly growing sector, a market research firm and securities analyst said.

The government's borrowing from the banking system increased five times in the first 29 days of the fiscal year from a year earlier on the back of revenue mismatch.

The central bank yesterday signalled cuts in policy rates in the coming months if inflation continues its downward trend.

Islami Bank Bangladesh has moved 16 notches up to rank 954th in 2015 among the top 1,000 banks of the world by The Banker magazine of the UK.

SM Abu Mohsin and Sohela Hossain have been elected as chairman and vice chairman of NCC Bank, the bank said in a statement yesterday.

The central bank's decision not to allow conventional banks to convert into Islamic banks has frustrated half a dozen lenders.

The central bank has raised the farm loan disbursement target by 5.5 percent to Tk 16,400 crore for the current fiscal year compared to the target last year.

The call money market, which usually gets volatile during the Eid, has remained calm this year, indicating that the financial institutions

Finding ways to boost investment and growth is the next biggest challenge for the central bank's upcoming monetary policy, analysts

Mobile banking will get a further boost as the central bank proposes to channel all financial payments through mobile phones under

The International Monetary Fund's Extended Credit Facility loan, which ushered in some major reforms in the economic field, is nearing