Banking

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    Remittance receivers to get incentive in arrears

    Staff Correspondent | Updated at 12:00am on September 09, 2019

    The beneficiaries of inward remittances would get cash incentive in arrears as the government is yet to start providing the benefit for which the beneficiaries...

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    China cuts banks’ CRR, frees up $126b for loans as economy slows

    Reuters . Beijing | Updated at 12:00am on September 07, 2019

    China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the third time this year,...

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    Ekramul becomes National Bank DMD

    Business Desk | Updated at 12:00am on September 06, 2019

    Md Ekramul Haque has been promoted to deputy managing director of National Bank Ltd, said a press release. Prior to this appointment, Ekramul was the...

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    Bangladesh Bank issues master circular for CMSM enterprises

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on September 06, 2019

    Bangladesh Bank has issued a master circular for financing in the cottage, micro, small and medium enterprise (CMSME) sector. The central bank, in a circular,...

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    Bangladesh Bank warns against unauthorised note in social media

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on September 04, 2019

    Bangladesh Bank on Tuesday urged the social media users to refrain from using pictures of any unauthorised note in Facebook or other social media. The...

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    Banks to accept pleas till Oct 20

    Staff Correspondent | Updated at 12:00am on September 04, 2019

    Bangladesh Bank on Tuesday extended for another one and a half months the cut-off date for submitting applications by the loan defaulters to reschedule their...

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    Dhaka Bank launches contactless credit card

    Business Desk | Updated at 12:00am on September 03, 2019

    Dhaka Bank on Monday announced a partnership with Mastercard to launch their Mastercard Titanium contactless credit card in Bangladesh at a product launching ceremony held...

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    Remittance rises by 5pc in August on cash incentive

    Staff Correspondent | Updated at 12:00am on September 03, 2019

    Remittance inflow grew by 5.08 per cent or $71.79 million this August after posting Eid-ul-Azha-centric sharp 21.2 per cent growth in the previous month amid...

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    NSC sales dip by 57pc in July due to higher tax

    Staff Correspondent | Updated at 12:00am on September 03, 2019

    The net sales of national savings certificates fell by 57.10 per cent or Tk 2,875.57 crore in July, the first month of the current fiscal year...

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    Could cryptocurrency dethrone the dollar?

    Agence France-Presse . London | Updated at 12:37am on September 02, 2019

    Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of...

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