Four private borrowers, mostly from the power sector, got loans of $120.72 million from seven banks and financial institutions under an investment promotion programme of the World Bank.

Effective policy and its timely implementation are crucial for the garment sector in Bangladesh to tap the potential that exporters, the government and international organisations often discuss.

With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.

China has cut its main interest rate to boost growth in its economy.

Bangladesh Bank yesterday warned it would curtail the functions of BASIC Bank as per laws if the problem-ridden lender did not

India opened its first private bank in 11 years that will focus on micro loans to give financial inclusion a boost.

Bankers and analysts yesterday criticised the central bank's draft guidelines on mobile financial services that proposed forming a platform consisting of multiple players with no single party having more than 15 percent stake.

Credit rollout by local private banks grew at a faster rate than foreign and state-run lenders last fiscal year due to their aggressive push for more profit.

Commercial banks are now getting access to the national identity database, which bankers said would help them check authenticity of clients' information and reduce forgeries.

Bangladesh Bank has decided to use information technology to identify scams and thwart irregularities in banks.

In 1978, Noorul Quader Khan, who is also called the father of the country's garment industry, was struggling to start production in his Desh Garments Ltd due to a lack of working capital and apparel accessories although the factory was ready with trained manpower.

The IMF warned Friday that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth

China's currency devaluation bombshell this week blew apart the growing consensus that global inflation had bottomed out and was

Nine major banks accused of foreign-exchange rigging have agreed to pay more than $2 billion to investors in settlements, a law firm

India has brought in private sector executives to run two of its largest state-owned banks, the first such appointments in a broad

China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to

The government provided Tk 11,219 crore to four state banks over the last 12 years to meet their capital deficits but the lenders'

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.