Banking

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    BTRC decides to cancel IIG licence of Bangla Phone

    Staff Correspondent | Updated at 12:05am on November 23, 2017

    Bangladesh Telecommunications Regulatory Commission has decided to cancel the licence of international internet gateway service operator, Bangla Phone Limited, for violating licencing conditions including its...

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    ADB to lend $300 million for Dhk-Northwest road corridor

    Staff Correspondent | Updated at 11:13pm on November 22, 2017

    Asian Development Bank will give Bangladesh $300 million in loans for upgrading an international road corridor project. Economic Relations Division of the finance ministry and...

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    7 banks fail to keep Tk 8,877cr in provision

    M Ibrahim Ibne Towhid | Updated at 12:05am on November 23, 2017

    Seven commercial banks faced Tk 8,876.51 crore in provision shortfalls against their disbursed loans as of September 30 as the scam-hit BASIC Bank’s shortfall rose further...

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    Meghna Bank MD resigns

    Staff Correspondent | Updated at 12:05am on November 22, 2017

    Managing director and chief executive officer of Meghna Bank Nurul Amin resigned from the bank over differences of opinion with board members surrounding Tk 48...

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    Govt to sign $260m loan deal with ADB today

    Agence France-Presse . Dhaka | Updated at 11:50pm on November 18, 2017

    The government will sign a US$260 million agreement with the Asian Development Bank today for sustaining and increasing its investments in infrastructures, particularly financing public-private...

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    BB creates $240m fund for SME sector dev

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:44pm on November 17, 2017

    Bangladesh Bank has created a $240 million refinancing fund for providing loans to small and medium enterprises at low interest...

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    Bankers involved in 67pc of frauds

    M Ibrahim Ibne Towhid | Updated at 02:20am on November 17, 2017

    Bankers have been found involved, directly or indirectly, in 67 per cent of frauds in IT-based banking transactions, showed a study conducted by the Bangladesh...

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    BB eases income repatriation by foreign nationals

    Staff Correspondent | Updated at 12:05am on November 16, 2017

    Bangladesh Bank has allowed foreign nationals residing in Bangladesh and having income here to send their earnings to other countries where their family members live...

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    Shahjahan attends BB CBA leaders’ meet despite criticism

    Staff Correspondent | Updated at 12:05am on November 16, 2017

    Shipping minister Shahjahan Khan on Tuesday participated at an ‘opinion exchange’ meeting with leaders of Bangladesh Bank collective bargain agents (CBA) at the central bank...

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    Inflation drops in Oct

    Staff Correspondent | Updated at 10:37pm on November 14, 2017

    The point-to-point inflation slightly eased to 6.04 per cent in October from that of 6.12 per cent in September mainly because of declining trend of...

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