Robi charged Tk 3cr for delayed payment of merger fees

The telecom regulator has slapped Robi with a Tk 3 crore late fee for delayed payment of merger fees and spectrum adjustment charges for its much discussed union with Airtel.
20 August 2017

Banks' provision shortfall widens

The banking sector's provisioning shortfall went up 18.33 percent in the second quarter of 2017 from a year earlier thanks to high default loans at state banks.
20 August 2017

BB makes credit card operations cheaper for banks

The central bank has cut the banks' cost for loans for credit card usage with a view to encouraging digital transaction in the economy.
20 August 2017

Four telcos claim Tk 426cr VAT rebate unlawfully: NBR

Four mobile phone operators have unlawfully claimed Tk 426 crore as VAT rebate since 2012, said the National Board of Revenue.
17 August 2017

Teletalk's revenue shrinks 28pc

Teletalk's revenue in fiscal 2016-17 shrank about 28 percent year-on-year to Tk 710 crore -- the lowest in three years.
17 August 2017

Banglalink fined Tk 17cr for illegal towers

Banglalink is set to be slapped with a Tk 17 crore fine for establishing 109 mobile towers in the border areas without the telecom regulator's prior consent.
17 August 2017

Leading by example: EBL

Bangladesh has an excess number of banks at present, which has given rise to unhealthy competition, said Ali Reza Iftekhar, managing director of Eastern Bank Limited.
14 August 2017

City Bank issues Tk 500cr bonds

City Bank has recently completed the process of issuing coupon bearing subordinated bonds worth Tk 500 crore in Bangladesh, the bank yesterday said in a statement.
14 August 2017

Banglalink's revenue hits eight-quarter low

Banglalink's revenue fell 2.99 percent year-on-year to Tk 1,195.12 crore in the April-June quarter, which is also the lowest in the last eight quarters.
14 August 2017

Unwanted offers irk mobile phone users

Jamir Uddin, a young grocer in the capital's Mohammadpur, recently received a short message on his mobile phone which reads: “If you want to enjoy a hot video of a Bollywood couple, press 1.”
12 August 2017

MTB Unit Fund declares 13pc dividend

MTB Unit Fund has declared 13 percent cash dividend for the unit holders for fiscal 2016-17. The announcement came at a meeting of the trustee committee of the MTB Unit Fund in Dhaka on Monday.
9 August 2017

Exports bounce back in July

Export earnings in July soared 26.54 percent to $3.2 billion, marking a strong rebound after lacklustre performance in the fiscal year that concluded in June.
9 August 2017

GP calls for consultation before 4G auction

Grameenphone has urged the government to organise a consultation meeting with mobile operators ahead of the spectrum auction for 4G service, saying still there are lots of unaddressed issues.
8 August 2017

New AMD for UCB

Ahsan Afzal has recently joined United Commercial Bank as additional managing director, the bank yesterday said in a press release.
7 August 2017

Grameen Bank electoral rules may see changes

The government may amend the electoral rules of microcredit lender Grameen Bank so that it can pick nine directors from the borrowers by itself -- like it has done since its inception.
7 August 2017

Changes in bank law on cards

The finance ministry has moved to make changes to the Banking Companies Act 1991 that would strengthen the grip of families on private banks.
6 August 2017

Brac Bank's half-yearly profit grows 39pc

Brac Bank has diversified its SME financing by branching out across the country to maintain its market-leading position in the segment, its chief executive said yesterday.
3 August 2017

BTRC brings cheer for telcos ahead of 4G rollout

The mobile operators were given a boost ahead of their planned 4G rollout after the government decided to slash the licence fee and other charges along with loosening other terms and conditions.
3 August 2017

New chairman for NCC Bank

Md Nurun Newaz Salim has recently been elected as the chairman of NCC Bank Ltd, the bank yesterday said in a statement.
1 August 2017

New additional managing director for UCB

Mohammed Shawkat Jamil has recently been promoted as the additional managing director of United Commercial Bank, the bank yesterday said in a statement.
1 August 2017