Banking

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    No doc needed for incentive against remittance up to $1,500

    Staff Correspondent | Updated at 12:00am on August 08, 2019

    Bangladesh Bank has issued guidelines on receiving 2 per cent cash incentive against the inward remittances, stating that no document would be required for receiving...

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    US brands China as currency manipulator

    Reuters . Beijing/Shanghai | Updated at 12:01am on August 07, 2019

    China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would ‘severely damage international financial order and cause chaos...

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    Sayduzzaman becomes DMD Phoenix Finance & Investments

    Business Desk | Updated at 12:00am on August 07, 2019

    Phoenix Finance and Investments senior executive vice-president Mohammad Sayduzzaman has been promoted to deputy managing director of the company recently, said...

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    Asoke re-elected vice-chair, Zahur EC chair of ONE Bank

    Business Desk | Updated at 12:00am on August 07, 2019

    Asoke Das Gupta has been re-elected as vice-chairman and Zahur Ullah as executive committee chairman of ONE Bank, said a press release. The board of...

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    CPD to set up Citizen’s Review Commission on Banking

    Staff Correspondent | Updated at 12:00am on August 07, 2019

    The Centre for Policy Dialogue on Tuesday decided to set up ‘Citizen’s Review Commission on Banking’ due to the deteriorating health of the banking sector...

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    HSBC axes CEO Flint in shock shift to speed up strategy

    Reuters . Hong Kong/London | Updated at 12:00am on August 06, 2019

    HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe’s biggest bank said was needed to...

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    China lets yuan break key 7 level for 1st time in decade

    Reuters . Shanghai | Updated at 12:00am on August 06, 2019

    China let the yuan breach the key 7-per-dollar level on Monday for the first time in more than a decade, in a sign Beijing might...

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    Sayeed H Chy re-elected ONE Bank chairman

    Business Desk | Updated at 12:00am on August 06, 2019

    The board of directors of ONE Bank has re-elected Sayeed H Chowdhury as chairman of the bank for another one-year term with effect from August...

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    NBFIs allowed to borrow more thru call money market

    Staff Correspondent | Updated at 12:00am on August 06, 2019

    Bangladesh Bank on Monday enhanced borrowing capacity from the call money market for the liquidity crunch-hit non-bank financial institutions as a number of companies have...

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    Mehmood reappointed as NRB Bank MD and CEO

    Business Desk | Updated at 12:00am on August 05, 2019

    Md Mehmood Husain has been reappointed as the managing director and CEO of NRB Bank for second term, said a press release. Mehmood started his...

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