Banking

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    IBBL vice-chair claims facing pressure to resign

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Islami Bank Bangladesh Ltd vice-chairman Syed Ahsanul Alam Parvez claimed that he had been threatened and asked to step down from the bank’s board....

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    BB issues guidelines on banks’ credit card operation

    Staff Correspondent | Updated at 09:53pm on May 12, 2017

    Bangladesh Bank has asked the scheduled banks not to impose rate of interest on credit cards more than five per cent on the highest rate...

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    Shadow banking activity continues to grow

    Reuters . London | Updated at 10:26pm on May 10, 2017

    Growth in global bond, real estate and money market funds continues to swell the world’s ‘shadow banking’ sector, which provides credit outside the regulated banking...

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    BB relaxes farm loan release ratio for 9 new banks amid pressure

    AKM Zamir Uddin | Updated at 10:17pm on May 10, 2017

    Bangladesh Bank has taken a decision to allow nine new commercial banks to disburse 2.50 per cent of their outstanding loans as farm loans from...

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    GDP to fall below 7pc: UN survey

    Staff Correspondent | Updated at 10:44pm on May 08, 2017

    The country’s economic growth would see a downward trend in 2017 and 2018 after it reached a decade high of 7.1 per cent in the...

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    Poor FDI weakest point of B’desh economy: ADB

    Shakhawat Hossain . Yokohama, Japan | Updated at 11:39pm on May 07, 2017

    Asian Development Bank’s South Asian department director general Hun Kim has identified poor foreign direct investment as the weakest point of Bangladesh’s economy...

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    ADB to form trust fund to promote integration of high-level tech

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:09pm on May 06, 2017

    The Asian Development Bank will establish a trust fund to promote the integration of high-level technology and innovative solutions in the design and implementation of...

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    No good news from Manila: PH finance minister

    Shakhawat Hossain . Yokohama, Japan | Updated at 11:07pm on May 06, 2017

    Philippines finance minister Carlos Dominguez on Saturday said that Manila might give no good news to Dhaka in near future on the recovery of the...

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    PMO asks fin min to take action against 3 cos as BB offers respite

    AKM Zamir Uddin | Updated at 10:54pm on May 06, 2017

    The Prime Minister Office has recently asked the finance ministry to take punitive measures against three companies — M/s BTL, M/s Mahin Textiles and M/s...

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    Interest rate for lending cut to 9.7pc in March

    Staff Correspondent | Updated at 01:40am on May 06, 2017

    Scheduled banks cut their rates of interest on lending further in March, the 27th month in a row, as the businesspeople were reluctant to borrow...

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