Banking

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    India rupees: Anxious customers swap banned banknotes

    BBC | Updated at 04:08pm on November 10, 2016

    People are queuing up outside banks across India to exchange 500 and 1,000 rupee notes after they were withdrawn as part of anti-corruption...

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    India’s shock bank note ban sparks cash chaos

    Reuters . Mumbai/New Delhi | Updated at 11:50pm on November 09, 2016

    Indians struggled to pay for basics goods like food and fuel on Wednesday and fretted about their savings, after the government withdrew 500 and 1,000...

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    Trade deficit increases by 111pc in Q1

    AKM Zamir Uddin | Updated at 11:55pm on November 08, 2016

    The country’s trade deficit increased by 110.87 per cent to $2.36 billion in the first quarter of the current financial year of 2016-17 compared with...

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    Bangladesh Bank team in Manila to retrieve cyber heist funds

    Reuters | Updated at 01:58pm on November 08, 2016

    A Bangladesh Bank team arrived in Manila on Monday to work on moving back part of the $81 million stolen from its account in the...

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    Dollar steady, markets bet on Clinton win in looming US presidential vote

    Reuters | Updated at 12:31pm on November 08, 2016

    The dollar steadied in Asia on Tuesday, keeping previous session gains as markets wagered on a victory for Hillary Clinton in the US presidential election...

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    Imports post 17pc rise in Q1

    AKM Zamir Uddin | Updated at 11:32pm on November 07, 2016

    Country’s import payments posted a 16.97-per cent increase in the first quarter of the current fiscal year (2016-17) against the 1.32-per cent rise registered in...

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    Private sector credit growth dips 15.34pc in Sept

    Staff Correspondent | Updated at 11:22pm on November 06, 2016

    The private sector credit growth in the country decreased to 15.34 per cent in September year-on-year compared with that of 16.21 per cent in August...

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    ICB Islamic gets 3 more years to repay Oriental depositors

    Staff Correspondent | Updated at 11:18pm on November 03, 2016

    Bangladesh Bank on Thursday extended again the deadline by another three years for repayment of the depositors’ money of the now-defunct Oriental Bank as its...

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    Banks should crack down on wilful defaulters: experts

    Staff Correspondent | Updated at 11:06pm on November 03, 2016

    The country’s scheduled banks should detect wilful loan defaulters for whom ensuring good governance in the banking sector has become a big challenge, experts and...

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    BASIC Bank dismisses DMD Monayem

    Staff Correspondent | Updated at 10:34pm on October 31, 2016

    Scam-hit BASIC Bank on Monday dismissed its suspended deputy managing director A Monayem Khan on grounds of financial irregularities...

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