Plastic money keeps growing

The use of plastic money rose 5.5 percent in the third quarter of fiscal 2014-15 from the previous quarter as local consumers continue
30 June 2015, 18:00 PM

WB gives $473m for financial sector, disaster resilience

Bangladesh will get $473 million from the World Bank to build a strong financial sector and develop long-term disaster resilience in the
30 June 2015, 18:00 PM

Banks baffled by BB rewards for good borrowers

Banks have been puzzled by a central bank directive that asked them to incentivise good borrowers with a 10 percent rebate on the
29 June 2015, 18:00 PM

Greece banking shutdown sparks global markets slump

World markets tumbled Monday as Greece shut its banks and imposed capital controls to halt a panic-driven run on ATMs, a day before
29 June 2015, 18:00 PM

National Bank of Pakistan gets new country manager

Md Quamruzzaman has been appointed country manager of National Bank of Pakistan in Bangladesh, it said in a statement yesterday.
28 June 2015, 18:00 PM

Forex reserves cross $25b

Bangladesh's foreign currency reserves crossed $25 billion yesterday, setting a new record.
25 June 2015, 18:00 PM

Europe's bankers fear Brexit more than Grexit

The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the
25 June 2015, 18:00 PM

Brac records robust growth in microloans

Brac's microcredit disbursement among the poor grew 28 percent year-on-year in 2014.
23 June 2015, 18:00 PM

China manufacturing activity contracts in June: HSBC

China's manufacturing activity contracted for the fourth straight month in June as demand remained sluggish in the world's second-
23 June 2015, 18:00 PM

ADB to double lending to Bangladesh

The Asian Development Bank will more than double its lending to Bangladesh over the next three years, attaching priority to connectivity projects linking the country to India, Nepal and Bhutan.
22 June 2015, 18:00 PM

New rules for private equity and venture capital firms

Bangladesh Securities and Exchange Commission yesterday approved new rules for private equity and venture capital firms so that they can pool funds and make equity investment in non-listed companies.
22 June 2015, 18:00 PM

BB takes action against 20 officials for protests

The central bank yesterday moved to take action against its 20 officials who led a demonstration to protest a decision to hire a general manager on a contractual basis for the Financial Intelligence Unit.
22 June 2015, 18:00 PM

Mobile cash transfer hits $1.4b a month

The country's mobile banking sector continues to grow exponentially, scaling a new height in February, according to a study by the
21 June 2015, 18:00 PM

Banks face daunting task of getting new business

Getting new business has become the biggest challenge for banks now as companies have been suffering from aftershocks of the prolonged political turmoil in 2013 and the first quarter of this year.
17 June 2015, 18:00 PM

Debit card market has huge scope to grow

When the world is evolving towards a cashless society, Bangladesh falls behind others in digital payment system.
16 June 2015, 18:00 PM

HSBC holds seminar on automated payment platform

The e-banking platforms of HSBC enable customers make seamless payments between countries and currencies, providing businesses greater control over cash and collection, the bank's chief executive said.
16 June 2015, 18:00 PM

MasterCard launches Islamic cards in Bangladesh

MasterCard partnered with Al-Arafah Islami Bank to launch the MasterCard Islamic debit, credit and prepaid cards in Bangladesh.
15 June 2015, 18:00 PM

Islami Bank gets new chairman

Mustafa Anwar has been elected chairman of Islami Bank Bangladesh, while Yousif Abdullah Al-Rajhi and NRM Borhan Uddin have been elected vice-chairmen.
15 June 2015, 18:00 PM

NCC Bank gets new DMD

Md Fazlur Rahman has been promoted as deputy managing director of NCC Bank, the bank said in a statement yesterday.
10 June 2015, 18:00 PM

HSBC to cut 50,000 jobs globally

Scandal-hit bank HSBC said Tuesday it would cut its global headcount by up to 50,000 as part of a restructuring that entails its withdrawal from Brazil and Turkey, while it also mulls abandoning London as its HQ.
9 June 2015, 18:00 PM