Banking

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    Banks charging high for credit card-based loans

    Staff Correspondent | Updated at 09:50pm on April 08, 2017

    Banks are charging their clients higher interest rates — between 30 per cent and 36 per cent — for loans they (clients) get through credit...

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    Islami Bank’s immediate past chairman to sell 95pc of his stakes

    Staff Correspondent | Updated at 11:32pm on April 06, 2017

    The immediate past chairman of Islami Bank Bangladesh Limited’s board Mustafa Anwar on Thursday announced that he would sell-off 95 per cent of his stakes...

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    BB revises banks’ investment limit in bonds

    Staff Correspondent | Updated at 11:15pm on April 05, 2017

    Bangladesh Bank on Wednesday revised ceiling on banks’ investment in bonds and debentures in line with Bank Company Act (amended) 2013...

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    CAB demands budget friendly to consumers

    Staff Correspondent | Updated at 11:18pm on April 04, 2017

    Consumer Association of Bangladesh on Tuesday demanded a consumer friendly budget for the next fiscal, now barely four months away. Presenting proposals for the coming...

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    BB raises credit card loan ceiling

    Staff Correspondent | Updated at 11:16pm on April 04, 2017

    Bangladesh Bank has raised the ceiling on borrowing through credit card from commercial banks without collateral to Tk 10 lakh from Tk 5 lakh. The...

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    Lending rates cut further to 9.77pc

    Staff Correspondent | Updated at 10:31pm on April 03, 2017

    Scheduled banks cut their rates of interest on lending further in February, the 26th month in a row, as the businesspeople were reluctant to borrow...

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    Nabi joins ONE Bank as DMD

    Business Desk | Updated at 10:06pm on April 02, 2017

    Mahmoodun Nabi Chowdhury has recently joined ONE Bank as deputy managing director and head of corporate asset marketing, said a news release...

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    Banks can give more than Tk 10 lakh in loan

    Staff Correspondent | Updated at 10:03pm on April 02, 2017

    Bangladesh Bank on Sunday said that the banks would be allowed to disburse loan more than Tk 10 lakh to new entrepreneurs of cottage, micro...

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    ICT firms to be allowed to remit abroad $30,000 a year

    Staff Correspondent | Updated at 09:59pm on April 02, 2017

    Bangladesh Bank on Thursday said that the owners of ICT and software firms, who are members of Bangladesh Association of Software and Information Services (BASIS),...

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    Remittance slumps for 9th month

    Staff Correspondent | Updated at 09:46pm on April 02, 2017

    The inward remittance decreased by $1.86 billion or 16.86 per cent in the July-March period of the current financial year 2016-17 compared with the corresponding...

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