Banking

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    Rashed becomes Standard Bank MD, CEO

    Business Desk | Updated at 12:00am on January 16, 2020

    Khondoker Rashed Maqsood has been appointed managing director and CEO of Standard Bank Limited, said a press release. Prior to joining SBL, he was the...

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    Sajjad becomes AB Bank AMD

    Business Desk | Updated at 12:00am on January 16, 2020

    Sajjad Hussain has recently been promoted as additional managing director (AMD) of AB Bank, said a press release. Sajjad joined the bank in 2014 as...

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    Lebanon banks in tatters after angry night-time demos

    Agence France-Presse . Beirut | Updated at 12:00am on January 16, 2020

    Cleaners in crisis-hit Beirut swept away shattered glass outside banks on Wednesday after angry nighttime protests over informal capital controls that left dozens of people...

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    UK to ban use of credit cards for gambling

    AFP | Updated at 12:00am on January 15, 2020

    Britain will from April ban the use of credit cards to pay for bets, its gambling regulator announced on Tuesday, the latest clampdown on the...

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    Deposit receipt at 6pc interest big challenge: bankers

    Staff Correspondent | Updated at 12:00am on January 15, 2020

    Ensuring the availability of deposits at the rate of 6 per cent interest would be a big challenge for the implementation of the single-digit lending...

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    Bankers place new demand 

    Staff Correspondent | Updated at 12:50am on January 14, 2020

    Finance minister AHM Mustafa Kamal on Sunday assured the bankers of conveying their demand for keeping loans to short and medium entrepreneurs out of the...

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    India inflation hits 5-year high at 7.35pc in December

    Business Desk | Updated at 12:00am on January 14, 2020

    Consumer inflation worsened to 7.35 per cent in December, highest since July 2014, government data showed on Monday, reports NDTV. That marked the third month...

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    UK economy stalls in November

    Agence France-Presse . London | Updated at 11:56pm on January 13, 2020

    Britain’s economy has stalled, official data showed on Monday, as Brexit and political uncertainty contributed to slashing manufacturing output, heaping pressure on the Bank of...

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    BRAC Bank introduces paperless PIN for debit cards

    Business Desk | Updated at 11:50pm on January 13, 2020

    BRAC Bank on Monday introduced paperless personal identification number (PIN) for its debit cardholders as part of the bank’s commitment to support green banking...

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    BKMEA demands Bangladesh Bank raise EDF loan limit to $25m for members

    Staff Correspondent | Updated at 11:16pm on January 13, 2020

    The Bangladesh Knitwear Manufacturers and Exporters Association has demanded that the Bangladesh Bank raise to $25 million for its members the limit on foreign currency...

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