Banking

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    No BB nod needed for foreign cos to issue taka bond

    Staff Correspondent | Updated at 01:27am on April 13, 2017

    Bangladesh Bank on Wednesday said foreign companies operating in Bangladesh would be allowed to collect long-term fund from local banks, corporate groups, non-bank financial institutions...

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    NRBC Bank chair, MD need to respond to BB notices over scams

    Staff Correspondent | Updated at 01:23am on April 13, 2017

    The Appellate Division on Wednesday dismissed the High Court’s ruling that had asked Bangladesh Bank not to disturb scam-hit NRB Commercial Bank’s chairman Farasth Ali...

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    IDB to sell off majority of its stakes in Islami Bank

    Staff Correspondent | Updated at 12:58am on April 13, 2017

    The Islamic Development Bank has taken a decision to sell off majority of its stake in Islami Bank Bangladesh Ltd at market price through stock...

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    BB projects over 7pc growth but remittance poses risk

    Staff Correspondent | Updated at 11:07pm on April 10, 2017

    Bangladesh Bank has projected that the growth of the country’s gross domestic product would be more than 7 per cent in the current fiscal year,...

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    Govt repays banks Tk 25,785cr in Jul-Mar with costly NSC loans

    AKM Zamir Uddin | Updated at 09:42pm on April 09, 2017

    The government repaid bank loans amounting to Tk 25,785.55 crore in nine months (July-March) of this financial year as it continues taking loans through selling...

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    Banks charging high for credit card-based loans

    Staff Correspondent | Updated at 09:50pm on April 08, 2017

    Banks are charging their clients higher interest rates — between 30 per cent and 36 per cent — for loans they (clients) get through credit...

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    Islami Bank’s immediate past chairman to sell 95pc of his stakes

    Staff Correspondent | Updated at 11:32pm on April 06, 2017

    The immediate past chairman of Islami Bank Bangladesh Limited’s board Mustafa Anwar on Thursday announced that he would sell-off 95 per cent of his stakes...

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    BB revises banks’ investment limit in bonds

    Staff Correspondent | Updated at 11:15pm on April 05, 2017

    Bangladesh Bank on Wednesday revised ceiling on banks’ investment in bonds and debentures in line with Bank Company Act (amended) 2013...

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    CAB demands budget friendly to consumers

    Staff Correspondent | Updated at 11:18pm on April 04, 2017

    Consumer Association of Bangladesh on Tuesday demanded a consumer friendly budget for the next fiscal, now barely four months away. Presenting proposals for the coming...

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    BB raises credit card loan ceiling

    Staff Correspondent | Updated at 11:16pm on April 04, 2017

    Bangladesh Bank has raised the ceiling on borrowing through credit card from commercial banks without collateral to Tk 10 lakh from Tk 5 lakh. The...

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