No bank borrowing by govt last fiscal year

The government did not borrow from the banking system last fiscal year; rather it repaid a big portion of debts.
11 July 2015, 18:00 PM

IPO funds rise 33pc

Some 15 companies and one mutual fund entered the stockmarket last fiscal year, raising about Tk 1,246 crore through initial public
11 July 2015, 18:00 PM

MasterCard overcharges customers, retailers: EU

EU said Thursday that US credit-card giant MasterCard overcharged customers and retailers, having already found rival Visa at fault
9 July 2015, 18:00 PM

Kuwait fiscal reserves hit record $592b

Kuwait's financial reserves defied a slump in oil prices to hit a record 179.2 billion dinars ($592 billion) at the end of the 2014-15
9 July 2015, 18:00 PM

BRICS bank to finance energy projects from next year: Putin

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects
9 July 2015, 18:00 PM

Top officials of National Bank of Pakistan visit Bangladesh

Muneer Kamal, chairman of National Bank of Pakistan, and Syed Iqbal Ashraf, president, yesterday left Dhaka after completing their four-
9 July 2015, 18:00 PM

MasterCard appoints co-presidents

MasterCard has announced the appointment of two co-presidents -- Ling Hai and Ari Sarker -- for the Asia-Pacific region, the company
9 July 2015, 18:00 PM

Agrani Bank re-appoints MD

Syed Abdul Hamid has recently been re-appointed as the managing director of Agrani Bank, the bank said in a statement yesterday.
9 July 2015, 18:00 PM

United Commercial Bank gets new DMDs

Sohrab Mustafa and Golam Awlia have recently been promoted as deputy managing directors of United Commercial Bank, the bank said in
9 July 2015, 18:00 PM

Banking from the comfort of one's home

Abdur Rob Patwary, a retired government employee, has never imagined that one day he would be able to pay utility bills from home.
8 July 2015, 18:00 PM

Malaysia ringgit hits 16-year low on political uncertainty

Malaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment
6 July 2015, 18:00 PM

New DMD for First Security Islami Bank

Md Mustafa Khair has recently been promoted as the deputy managing director of First Security Islami Bank.
6 July 2015, 18:00 PM

HSBC upgrades Bangladesh rating

Banking giant HSBC is optimistic about Bangladesh's economy as the country returned to normalcy after turbulent times earlier this
6 July 2015, 18:00 PM

WB plans big to fund connectivity

The World Bank is preparing a five-year country strategy for Bangladesh, putting its focus on connectivity to link the country with three
5 July 2015, 18:00 PM

BB must widen scope for hedging

Bangladeshi businessmen can hardly enjoy the benefits of hedging on import of basic commodities as the commercial banks are not
5 July 2015, 18:00 PM

World Bank removes critical section from China report

The World Bank has removed a critical portion from a recently released report on China's economy, saying the section had not been
5 July 2015, 18:00 PM

Dhaka Bank celebrates 20 years of operation

Dhaka Bank celebrated 20 years of its operation in Bangladesh through a slew of festive and charitable activities.
5 July 2015, 18:00 PM

15 firms seek large loan rescheduling facility

Fifteen conglomerates, including Beximco, have appealed to Bangladesh Bank for long-term loan rescheduling under the central bank's
2 July 2015, 18:00 PM

Banks' profits rise slightly

Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.
1 July 2015, 18:00 PM

BB toughens anti-money laundering steps for non-banks

Bangladesh Bank has tightened its rules for non-bank financial institutions against money laundering and terrorist financing, aiming to effectively check the menace.
1 July 2015, 18:00 PM