Banking

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    India banks sharply cut lending rates after Modi nudge

    Business Desk | Updated at 10:33pm on January 02, 2017

    Several banks, including top lender State Bank of India, announced sharp cuts in lending rates after a surge in deposits following a government ban on...

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    Average lending rate dips below 10pc for 1st time

    Staff Correspondent | Updated at 10:18pm on January 02, 2017

    The average rate of interest on lending declined below 10 per cent in November for the first time in the country’s banking history against the...

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    Remittance slumps to $13.6b in 2016, hits 5-yr low

    Staff Correspondent | Updated at 01:33am on January 02, 2017

    The country’s inward remittance dropped to a six-year low to $13.61 billion in the just-concluded year as many expatriate Bangladeshis preferred illegal channels to banks...

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    Grameen Bank to be revived, says Muhith

    Staff Correspondent | Updated at 04:10pm on January 01, 2017

    Finance minister AMA Muhith on Sunday said the Grameen Bank’s board of directors would be recast for reviving the microcredit pioneer organisation...

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    Most banks’ operating profits up in ’16

    AKM Zamir Uddin | Updated at 10:39pm on December 31, 2016

    Operating profits of most of the scheduled banks increased significantly in the just-concluded year amid relatively calm political situation in the country, said senior bank...

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    Police detail suspicions of inside help in BB reserve theft

    Reuters . Dhaka | Updated at 11:14pm on December 29, 2016

    A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the...

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    BB appoints observer to scam-hit NRBC Bank

    AKM Zamir Uddin | Updated at 10:22pm on December 29, 2016

    Bangladesh Bank on Thursday appointed observer to scam-hit NRB Commercial Bank as the central bank found that the private commercial bank grossly violated rules in...

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    Police detail suspicions of inside help in Bangladesh Bank heist

    Reuters | Updated at 02:53pm on December 29, 2016

    A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from...

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    Banks must deduct owners’ contributions from all export methods

    Staff Correspondent | Updated at 12:07am on December 29, 2016

    Bangladesh Bank has clarified that schedule banks would have to deduct 0.03 per cent of garment export receipts from all types of export methods as...

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    Foreign loan release drops in July-Nov

    Staff Correspondent | Updated at 12:06am on December 29, 2016

    Disbursement of foreign loans and grants declined in the first five months of the current fiscal year to $903.18 million from that of $1,003.86 million...

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