Banking

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    Six banks fail to keep provision

    AKM Zamir Uddin | Updated at 11:09pm on May 17, 2017

    The overall shortfall in provision against general and defaulted loans in the banking sector stood at Tk 5,232.26 crore as of March 31, 2017 with...

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    Tk 11,286 crore more in defaulted loans in Q1

    AKM Zamir Uddin | Updated at 11:13pm on May 16, 2017

    The defaulted loans in the banking sector rose by Tk 11,236.68 crore in just three months (January-March) of this year, according to the latest central bank...

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    Banks asked to impose condition on loans against 11 more items

    Staff Correspondent | Updated at 10:36pm on May 15, 2017

    Bangladesh Bank on Monday asked banks to impose condition for using mandatorily jute bags in packaging 11 more commodities when they (banks) will approve loans...

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    Exporters can repay foreign loans using ERQ fund

    Staff Correspondent | Updated at 10:34pm on May 15, 2017

    Bangladesh Bank on Monday said that the exporters would be allowed to pay instalments of foreign loans from their respective export retention quota accounts...

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    WB retains 6.8pc projection amid govt claim of record growth

    Staff Correspondent | Updated at 10:59pm on May 14, 2017

    The World Bank on Sunday retained its gross domestic product growth projection of 6.8 per cent for Bangladesh for the financial year of 2016-2017, while...

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    ONE Bank re-elects Sayeed as chair, Asoke vice-chair, Zahur EC chair

    Business Desk | Updated at 10:53pm on May 14, 2017

    The board of directors of ONE Bank has re-elected Sayeed H Chowdhury as its chairman for another one-year term with an effect from May 11,...

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    ADP allocation jumps to Tk 1,53,331cr for FY18

    Staff Correspondent | Updated at 10:39pm on May 14, 2017

    The government on Sunday approved proposed allocation of Tk 153,331 crore for implementation of development projects in the financial year 2018, which is 38.51 per...

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    Govt suspends auction for T-bills, bonds for May

    AKM Zamir Uddin | Updated at 10:38pm on May 13, 2017

    The government has been forced to suspend all auctions for T-bills and bonds again for banks this month (May) as it is now inundated with...

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    IBBL board gives nod to share sales by IDB

    Staff Correspondent | Updated at 10:28pm on May 13, 2017

    The board of directors of Islami Bank Bangladesh on Saturday approved an Islamic Development Bank proposal to sell off majority of its stakes in IBBL....

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    IBBL vice-chair claims facing pressure to resign

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Islami Bank Bangladesh Ltd vice-chairman Syed Ahsanul Alam Parvez claimed that he had been threatened and asked to step down from the bank’s board....

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