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    Huge defaulted loans in SCBs to hit GDP growth: BB governor

    Staff Correspondent | Updated at 10:24pm on February 14, 2017

    Bangladesh Bank governor Fazle Kabir on Tuesday said excessive defaulted loans in the state-owned commercial banks would put an obstacle in achieving expected GDP growth in the coming years...

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    After HSBC, SBI closing branches

    AKM Zamir Uddin | Updated at 10:12pm on February 14, 2017

    State Bank of India has become the second foreign bank after HSBC that has taken a move to reduce the number of branches in Bangladesh in recent times because of poor business...

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    Recovery of classified loans major challenge, says BB governor

    Bangladesh Sangbad Sangstha | Updated at 06:24pm on February 14, 2017

    Bangladesh Bank governor Fazle Kabir on Tuesday said recovery of the classified loan is the major challenge in the banking sector which is likely to...

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    Large caps keep stocks up for 6th day amid profit booking

    Staff Correspondent | Updated at 11:12pm on February 13, 2017

    Dhaka stocks finished positive for the sixth trading session on Monday due to a rise in share prices of some large capitalised scrips with the turnover at the bourse crossing Tk 1,000-crore mark after nine trading sessions...

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    Banglalink to face punishment if found giving ‘false’ SIM info: BTRC

    Business Desk | Updated at 11:11pm on February 13, 2017

    Mobile phone operator Banglalink would face legal steps if it is found guilty of providing false information during SIM registration, reports Bangladesh Sangbad Sangstha...

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    Banks, NBFIs sign deal with BB to disburse JICA loans for RMG units

    Staff Correspondent | Updated at 11:09pm on February 13, 2017

    Bangladesh Bank on Monday signed participation agreements with 25 banks and 10 non-bank financial institutions to disburse a JICA fund amounting to Tk 268 crore to the clients for remediation work of their garment industries...

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    Voice mail service launched

    Staff Correspondent | Updated at 11:08pm on February 13, 2017

    The Bangladesh Telecommunication Regulatory Commission on Monday launched voice mail service, or VMS, in the country for the first time with a view to expanding area of services for mobile phone users...

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    Smartphone imports increase by 46pc in 2016

    Staff Correspondent | Updated at 11:01pm on February 13, 2017

    Mobile handset import through legal channel for the first time crossed three crore pieces in 2016, thanks to rapidly growing demand for smartphones...

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    Govt staff may get up to Tk 50 lakh in home loan

    Shakhawat Hossain | Updated at 10:43pm on February 13, 2017

    The government is planning to increase the housing loan ceiling for its employees up to maximum Tk 50 lakh. Officials said the minimum ceiling of home loan in district towns could be Tk 10 lakh against the backdrop of growing housing problem of the government officials..

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    Jute goods export to India halves in Jan due to anti-dumping duty

    Staff Correspondent | Updated at 10:40pm on February 13, 2017

    Export of jute goods from Bangladesh to India slumped by 52.15 per cent in January in the current financial year 2016-17 compared to the same month of last year due to the anti-dumping duty imposed by the neighbouring country on January 5...

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