Banking

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    BB warns BRAC Bank for breaching conditions for UK exchange house

    AKM Zamir Uddin | Updated at 11:16pm on July 09, 2017

    Bangladesh Bank has issued ‘stern warning’ to BRAC Bank for breaching a number of conditions set by the central bank to run the operations of...

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    Bank Asia reelects Safwan, Nurul as vice-chair

    Business Desk | Updated at 10:40pm on July 08, 2017

    Mohd Safwan Choudhury and AM Nurul Islam Anu were re-elected vice-chairmen of Bank Asia at a meeting of the board of directors of the bank...

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    Import rises by 11.83pc in July-May

    Staff Correspondent | Updated at 11:14pm on July 07, 2017

    Country’s import payments increased by 11.83 per cent in the July-May period of the just concluded fiscal year (2016-17) against the 4.23-per cent rise registered...

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    Most banks’ H1 operating profits rise

    Staff Correspondent | Updated at 11:45pm on July 02, 2017

    Operating profits of most of the banks increased in the first half of this calendar year due to a rising credit disbursement particularly in the...

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    Businesses take $2b in buyers’ credit in 1yr

    AKM Zamir Uddin | Updated at 02:39am on July 02, 2017

    Buyers’ credit in the country’s business sector increased heavily in recent months, reaching almost $6 billion at the end of April as local importers were...

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    Banks, NBFIs asked to raise it to 40pc for manufacturers by 2021

    Staff Correspondent | Updated at 10:06pm on June 30, 2017

    Bangladesh Bank has asked the country’s banks and non-bank financial institutions to raise loan disbursement to the small and medium enterprises engaged in the area...

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    Farm loan release crosses annual target in 11 months

    Staff Correspondent | Updated at 09:28pm on June 23, 2017

    Country’s banks crossed their annual target of farm loan disbursement in 11 months (July-May) of this fiscal year against a backdrop of a decreased credit...

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    Bank branches in commercial areas to remain open June 24

    Staff Correspondent | Updated at 11:29pm on June 22, 2017

    Bangladesh Bank on Thursday asked banks to keep open some of their branches located at commercial areas and district towns on June 24 (Saturday) to...

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    Banks face huge rush ahead of Eid-ul-Fitr

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:28pm on June 22, 2017

    As the general banking closed on Thursday before the five-day Eid-ul-Fitr vacation beginning tomorrow, commercial banks witnessed a huge rush of clients withdrawing cash to...

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    Interest rate on farm loan cut further to 9pc

    Staff Correspondent | Updated at 11:17pm on June 22, 2017

    Bangladesh Bank on Thursday cut the rate of interest on farm loans to 9 per cent from 10 per cent as the rates of interest...

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