Banking

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    BASIC staff return to work after protests

    Staff Correspondent | Updated at 12:00am on December 31, 2019

    Employees of scam-hit BASIC Bank returned to work on Monday after holding protests against the bank board’s decision of abolishing the bank’s own pay scale....

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    Iftekhar elected ABB chairman

    Staff Correspondent | Updated at 11:49pm on December 29, 2019

    Eastern Bank Limited managing director and chief executive officer Ali Reza Iftekhar has been elected chairman of the Association of Bankers, Bangladesh Limited for the...

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    European Union wants time-bound action plan to address shortcomings in labour rights

    Moinul Haque | Updated at 11:48pm on December 29, 2019

    The European Union has urged Bangladesh to take decisive steps and lasting measures to address shortcomings in human rights and labour rights to continue receiving...

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    BASIC officials confine top brass in protest

    Staff Correspondent | Updated at 11:45pm on December 29, 2019

    A large number of officials of scam-hit BASIC Bank on Sunday confined directors, including chairman, and managing director of the bank, protesting against the abolition...

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    BRAC Bank offers instant loan sanction at REHAB Fair

    New Age . Online Desk | Updated at 02:03pm on December 29, 2019

    BRAC Bank is offering the opportunity for spot assessment and spot loan sanction for its customers at REHAB Winter Fair...

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    India cenbank warns banks’ bad loan to rise again

    Business Desk | Updated at 12:04am on December 29, 2019

    The Reserve Bank of India (RBI) on Friday cautioned that the asset quality of scheduled commercial banks (SCB) may worsen next year owing to changes...

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    Swiss minister says Facebook’s Libra has ‘failed’ in current form

    Agence France-Presse . San Francisco | Updated at 12:03am on December 29, 2019

    The Swiss president and finance minister has delivered the latest blow to Facebook’s planned Libra cryptocurrency, saying that it has ‘failed in its current form,’...

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    Lending rate not to exceed 9pc: BB

    Staff Correspondent | Updated at 01:01am on December 25, 2019

    Bangladesh Bank board on Thursday decided to impose 9 per cent cap on lending rate for the export-oriented industrial manufacturing sector from January 1 next...

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    WB fund for poor countries gets record boost

    Agence France-Presse . Paris | Updated at 12:00am on December 24, 2019

    A key World Bank fund dedicated to lifting countries out of poverty has received a record $82 billion in funding and pledges for the next...

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    EIB chief slams slow industrial response to climate change

    Agence France-Presse . Frankfurt am Main | Updated at 12:00am on December 24, 2019

    The president of the European Investment Bank, the EU’s lending arm, has sharply criticised industrial companies for reacting too slowly to climate change, saying some...

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