Banking

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    BRAC Bank, BKash join with WorldRemit for money transfer to Bangladesh

    Business Desk | Updated at 12:00am on November 28, 2018

    Digital money transfer company WorldRemit is to expand its presence in Bangladesh by joining forces with BRAC Bank and BKash for digital money transfers, said...

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    ADB approves $50m for microenterprise dev in B’desh

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on November 28, 2018

    The Asian Development Bank approved $50 million loan to promote microenterprise development in Bangladesh through a credit line to Palli Karma Sahayak Foundation, a development...

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    Banks must quit magnetic-stripe cards by Feb

    Staff Correspondent | Updated at 12:00am on November 27, 2018

    Bangladesh Bank on Monday sets fresh deadline for all banks to give up the use of magnetic stripe in credit and debit cards to secure...

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    Too much centralised loan approval instigates indiscipline in banks: study

    Staff Correspondent | Updated at 12:00am on November 26, 2018

    Loan approval in much centralised way creates excessive pressure on the head offices of banks and instigates indiscipline in banks, a Bangladesh Institute of Bank...

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    Swiss vote on insurance company spies

    Agence France-Presse . Geneva | Updated at 12:00am on November 24, 2018

    The thought of a stranger filming you while you sit on your balcony or work in your garden is likely unsettling to most....

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    Bad loans jump fourfold in 9 years

    Shakhawat Hossain | Updated at 12:32am on November 23, 2018

    Defaulted loans rose by almost fourfold until the penultimate year of the successive tenure of the Awami League-led government amidst series of loan scams with...

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    Sri Lanka state banks to borrow $1b abroad

    Reuters . Colombo | Updated at 12:00am on November 23, 2018

    Sri Lanka’s three state banks will borrow up to $1 billion from foreign sources before the end of 2018 and use the money to pay...

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    Indian rupee hits near 12-week high

    Reuters . Mumbai | Updated at 12:00am on November 23, 2018

    The Indian rupee rose to its highest in almost 12 weeks on Thursday as global oil prices eased further.The rupee strengthened past the psychological 71-to-the-dollar...

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    Farm loan release drops by 13.7pc in 4 months

    Staff Correspondent | Updated at 12:00am on November 23, 2018

    Disbursements of farm loans by banks dropped by 13.74 per cent in July-October period of the current financial year 2018-2019 compared with the same period...

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    Banks asked to submit info by Dec 2

    Staff Correspondent | Updated at 08:24pm on November 22, 2018

    The Bangladesh Bank on Thursday asked banks to provide returning officers with defaulted loan-related information about candidates for the 11th parliamentary elections scheduled for December...

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