Banking

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    Bad loans jump fourfold in 9 years

    Shakhawat Hossain | Updated at 12:32am on November 23, 2018

    Defaulted loans rose by almost fourfold until the penultimate year of the successive tenure of the Awami League-led government amidst series of loan scams with...

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    Sri Lanka state banks to borrow $1b abroad

    Reuters . Colombo | Updated at 12:00am on November 23, 2018

    Sri Lanka’s three state banks will borrow up to $1 billion from foreign sources before the end of 2018 and use the money to pay...

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    Indian rupee hits near 12-week high

    Reuters . Mumbai | Updated at 12:00am on November 23, 2018

    The Indian rupee rose to its highest in almost 12 weeks on Thursday as global oil prices eased further.The rupee strengthened past the psychological 71-to-the-dollar...

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    Farm loan release drops by 13.7pc in 4 months

    Staff Correspondent | Updated at 12:00am on November 23, 2018

    Disbursements of farm loans by banks dropped by 13.74 per cent in July-October period of the current financial year 2018-2019 compared with the same period...

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    Banks asked to submit info by Dec 2

    Staff Correspondent | Updated at 08:24pm on November 22, 2018

    The Bangladesh Bank on Thursday asked banks to provide returning officers with defaulted loan-related information about candidates for the 11th parliamentary elections scheduled for December...

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    RBI move boosts banks’ lending ability by up to $42b: sources

    Reuters . Mumbai/New Delhi | Updated at 02:37am on November 21, 2018

    The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35...

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    Pvt banks brought under RTI Act

    Staff Correspondent | Updated at 02:00am on November 21, 2018

    Private commercial banks have come under the Right to Information Act-2009 as the government declared the banks as authorities under the law....

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    RBI board meets amid row with govt

    Reuters . Mumbai | Updated at 12:00am on November 20, 2018

    A Reserve Bank of India board meeting began on Monday with investors waiting to see if central bank and government policymakers could bridge differences over...

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    Modi stacks RBI board with allies to turn heat up on governor

    Reuters . New Delhi/Mumbai | Updated at 12:00am on November 19, 2018

    As prime minister Narendra Modi’s government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next...

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    Muhith blames bankers for helping borrowers become defaulters

    Staff Correspondent | Updated at 12:00am on November 19, 2018

    Finance minister Abul Maal Abdul Muhith on Sunday blamed bankers for playing an active role in turning entrepreneurs into loan defaulters.He also said that directors...

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