Banking

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    India’s banks unlikely to match RBI’s rate cut any time soon

    Reuters . Mumbai | Updated at 12:00am on February 09, 2019

    Indian bankers say piles of bad debt and the high cost of deposits mean they are unlikely to reduce interest rates on loans by as...

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    Limiting BB’s inspection power to inspire defaulters: experts

    HM Murtuza | Updated at 01:51am on February 08, 2019

    Making changes to rules by Bangladesh Bank limiting inspection power of central bank officials and enhancing banks’ capacity to write off bad loans would encourage...

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    Trump nominates critic of World Bank to lead it

    Reuters . Washington | Updated at 12:00am on February 08, 2019

    US president Donald Trump said on Wednesday that the World Bank Group should be led by US Treasury official David Malpass, a Trump loyalist and...

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    Govt, bankers to discuss defaulted loan with HC judges

    Staff Correspondent | Updated at 01:20am on February 07, 2019

    Bangladesh Bank governor, Law minister and bankers are slated to hold a discussion with the judges of the High Court to discuss the prevailing bad...

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    Feroz becomes EXIM Bank AMD

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

    Mohammad Feroz Hossain has recently been promoted as the additional managing director of EXIM Bank, said a press release. Prior to his promotion, he served...

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    Special audit in banks on bad loans soon: finance minister

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

    Finance minister AHM Mustafa Kamal on Wednesday said that a special audit would be launched in banks to probe information about the borrowers and their...

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    Banks’ capacity to write off loans enhanced

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

    Bangladesh Bank on Wednesday relaxed the loan write-off policy, enhancing banks’ authority for writing off bad loans without filing lawsuit for recovery.Banking Regulations and Policy...

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    Multiparty meet today over legal barriers to cutting bad loans

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

    Bangladesh Bank will hold a multiparty meeting today in presence of Law Commission officials to discuss the legal barriers to expediting recovery of bad loans...

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    BB to relax bank loan write-off policy

    HM Murtuza | Updated at 10:27pm on February 05, 2019

    Bangladesh Bank has initiated a move to review its loan write-off policy by extending banks’ capacity for writing off bad debts without filing any lawsuit.Banks...

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    Aus banks set for major shake-up from landmark inquiry

    Agence France-Presse . Sydney | Updated at 12:00am on February 04, 2019

    A major shake-up of Australia’s massively profitable banking sector is on the cards as a landmark inquiry into abuses in the financial services industry releases...

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