Banking

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    Farm loan release crosses annual target in 11 months

    Staff Correspondent | Updated at 09:28pm on June 23, 2017

    Country’s banks crossed their annual target of farm loan disbursement in 11 months (July-May) of this fiscal year against a backdrop of a decreased credit...

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    Bank branches in commercial areas to remain open June 24

    Staff Correspondent | Updated at 11:29pm on June 22, 2017

    Bangladesh Bank on Thursday asked banks to keep open some of their branches located at commercial areas and district towns on June 24 (Saturday) to...

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    Banks face huge rush ahead of Eid-ul-Fitr

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:28pm on June 22, 2017

    As the general banking closed on Thursday before the five-day Eid-ul-Fitr vacation beginning tomorrow, commercial banks witnessed a huge rush of clients withdrawing cash to...

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    Interest rate on farm loan cut further to 9pc

    Staff Correspondent | Updated at 11:17pm on June 22, 2017

    Bangladesh Bank on Thursday cut the rate of interest on farm loans to 9 per cent from 10 per cent as the rates of interest...

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    Forex reserve surpasses $33b mark

    Staff Correspondent | Updated at 11:17pm on June 22, 2017

    The country’s foreign exchange reserve has swelled beyond $33 billion mark for the first time as inward remittance strongly bounced back in May and ongoing...

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    Excise duty on bank deposits up to Tk 5 lakh to be set at Tk 150

    Staff Correspondent | Updated at 11:10pm on June 22, 2017

    The government is set to revise the proposed rates of excise duty on depositors’ bank balance and the excise duty slabs amid strong criticisms against...

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    Shahidul becomes SJIBL AMD

    Business Desk | Updated at 11:08pm on June 22, 2017

    M Shahidul Islam joined Shahjalal Islami Bank as additional managing director on Tuesday, said a news release....

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    Tk 4,327cr more written off

    AKM Zamir Uddin | Updated at 11:30pm on June 21, 2017

    Country’s banks wrote off afresh defaulted loans worth Tk 4,326.98 crore in 2016 as part of cleaning up their balance sheets...

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    BB serves notice on NRBC Bank chairman

    Staff Correspondent | Updated at 12:32am on June 21, 2017

    Bangladesh Bank has issued a show-cause notice to NRB Commercial Bank chairman Farasath Ali asking him to explain why he placed ‘false information’ before the...

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    Banks asked to keep open some branches in June 23-24

    Staff Correspondent | Updated at 12:29am on June 21, 2017

    Bangladesh Bank on Tuesday asked schedule banks to keep open some of their branches connected with apparel industries on June 23 (Friday) and 24 (Saturday)...

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