Banking

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    Banks allowed to hold collateral against external loans

    Staff Correspondent | Updated at 12:00am on October 16, 2018

    Bangladesh Bank on Monday allowed local banks to hold collaterals on behalf of the overseas bank branches to facilitate foreign borrowing by the public entities...

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    SoftBank’s Saudi ties unnerve investors

    Reuters . Tokyo | Updated at 12:00am on October 16, 2018

    SoftBank Group Corp saw its shares drop on Monday as fallout from the disappearance of a Saudi journalist spread to the Japanese conglomerate, whose nearly...

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    Tarique joins AB Bank as DMD

    Business Desk | Updated at 12:00am on October 16, 2018

    Tarique Afzal has been appointed as deputy managing director and head of corporate affairs, legal and regulatory concerns in AB Bank recently, said a press...

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    BOJ’s Kuroda says Fed rate hikes good for global economy

    Reuters . Indonesia | Updated at 12:00am on October 14, 2018

    Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were ‘basically good’ for the world economy, shrugging...

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    Financial sector needs a shake-up: IFIL MD

    Shakhawat Hossain | Updated at 12:00am on October 13, 2018

    Islamic Finance and Investment Limited, the first Shariah-based financial institution of the country, has played an important role in popularising banking backed by the Islamic...

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    Bangladesh seeks addl $4.5b support from WB: Muhith

    Bangladesh Sangbad Sangstha . Bali | Updated at 12:00am on October 12, 2018

    Finance minister Abul Maal Abdul Muhith Thursday said Bangladesh has sought $4.5 billion additional fund from the World Bank under the ongoing Country Partnership Framework...

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    RBI sticking with plan to force payments cos to store data locally

    Reuters . New Delhi | Updated at 12:00am on October 12, 2018

    The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally from this month, four...

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    Bangladesh Bank’s fresh guidelines for banks risk management

    Staff Correspondent | Updated at 12:05am on October 10, 2018

    Bangladesh Bank on Tuesday issued risk management guidelines afresh scrapping earlier one against the backdrop of the growing non-performing loans and increasing risk in the...

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    Era of bank secrecy ends as Swiss start sharing account data

    Reuters . Zurich | Updated at 03:25pm on October 07, 2018

    The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest centre for managing offshore wealth, began...

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    Janata seeks FID nod to raise deposit rate amid crisis

    Staff Correspondent | Updated at 12:00am on October 07, 2018

    State-owned Janata Bank, reeling from loans scams, has sought consent from the Financial Institutions Division for offering more than six per cent interest rate on...

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