Banking

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    Search body formed for new MDs of SOBs

    Staff Correspondent   | Updated at 12:00am on July 10, 2019

    The Financial Institution Division on Tuesday formed a search committee for appointing new managing directors for some of the state-owned banks. Headed by FID secretary...

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    Banks to cut tax on interest against foreign currency deposits

    Staff Correspondent | Updated at 12:00am on July 10, 2019

    Bangladesh Bank on Tuesday asked all the banks to deduct applicable taxes on the interest that were generated from the deposits in the non-resident foreign...

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    BB to seek HC nod for crisis-hit PLFS’ wind-up

    Staff Correspondent | Updated at 12:00am on July 10, 2019

    Bangladesh Bank has initiated a move to file a plea with the High Court for liquidation of People’s Leasing and Financial Services Limited due to...

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    Axe falls on 18,000 Deutsche Bank jobs in $8.3b reinvention

    Reuters . Frankfurt/Sydney/Hong Kong | Updated at 12:00am on July 09, 2019

    Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) ‘reinvention’...

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    StanChart group CFO Andy visits Bangladesh

    Business Desk | Updated at 12:00am on July 09, 2019

    Standard Chartered Bank group chief financial officer Andy Halford has visited Dhaka, for his second official visit to Bangladesh recently, said a press release. During...

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    Tarique becomes president and MD of AB Bank

    Business Desk | Updated at 12:00am on July 09, 2019

    Tarique Afzal has been appointed as the president and managing director of AB Bank recently, said a press release. Prior to his appointment, he was...

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    Akram, Selim become Mercantile Bank vice-chair

    Business Desk | Updated at 12:00am on July 08, 2019

    Akram Hossain (Humayun) and Mohd Selim have been elected as vice-chairmen and Shahidul Ahsan as the executive committee chairman of Mercantile Bank recently, said...

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    Erdogan says Turkish cenbank chief ousted for refusing rate cuts: report

    Reuters . Ankara | Updated at 12:00am on July 08, 2019

    Turkish president Tayyip Erdogan sacked the central bank governor for refusing the government’s repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as...

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    China & Gulf expansion to boost Trade Bank of Iraq’s revenues: chairman

    Reuters . Abu Dhabi | Updated at 12:00am on July 08, 2019

    State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to...

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    PNB says detects 38b rupee fraud

    Reuters . Mumbai | Updated at 12:00am on July 08, 2019

    The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power &...

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