Private banks' net profits slid for the first time in four years in 2017, dragged down by their ballooning non-performing loans.

Nine banks, which include eight state banks and the trouble-hit Farmers Bank, have failed to meet the minimum regulatory capital needs, in a worrying development for the government.

Stock brokers and merchant banks yesterday urged the Bangladesh Bank to reset the banks' capital market exposure and extend the deadline for lowering the loan-deposit ratio with a view to propping up the stockmarket.

A number of Farmers Bank depositors have filed complaints with the Bangladesh Bank after the scam-hit bank failed to repay them Tk 852 crore of deposits citing a liquidity crunch.

United Commercial Bank's profit rose 3.6 percent year-on-year to Tk 272.23 crore last year. The private commercial bank disclosed the annual earnings at a programme at its corporate office in Dhaka yesterday.

Shahjalal Islami Bank has recently appointed Mian Quamrul Hasan Chowdhury as deputy managing director.

Trust Bank has recently appointed Junaid Masroor as deputy managing director.

Finance Minister AMA Muhith says that state owned banks and Investment Corporation of Bangladesh (ICB) will buy 60 percent shares of trouble-hit The Farmers Bank Limited.

Ahmed Jamal has recently been promoted as the third deputy governor of Bangladesh Bank.

The government has amended the electoral rules of Grameen Bank for the third time in four years after its previous

Private sector credit growth continues its forward thrust despite liquidity crisis and rising interest rates as businesses jump into an

Bangladesh needs to clock in at least 10 percent economic growth for the next two decades if it wants to become a developed country

The Anti-Corruption Commission will bring to book every people who are involved in banking scams as part of the move to create a

Luna Shamsuddoha, a prominent ICT entrepreneur, yesterday took over as the chairman of Janata Bank, making her the first woman

The central bank's move to extend the deadline for lowering the banks' loan-deposit ratio will give a boost to the stock market,

The Asian Development Bank has approved $360 million in loans to help Bangladesh buy modern rolling stock and support reforms in its railway.

Asian Development Bank (ADB) has approved $360 million as loans to Bangladesh so the country can support its ongoing reform in the railway sector. The money will also be used to buy modern rolling stock Bangladesh Railway and to promote an overall shift from roads to rail, the ADB says in a news release on its website.

Banks got a respite from the ongoing liquidity crisis as the Bangladesh Bank yesterday extended the deadline to lower their loan-deposit ratio to December 31 from the previous time limit of June 30.

Banking giant HSBC more than doubled pre-tax profit to $17.2 billion in 2017, it announced Tuesday, after a recovery drive to streamline its business and slash costs.

As the oldest financial institution and a partner in progress for over 113 years, Standard Chartered has been intimately linked with the amazing growth story of Bangladesh.