Banking

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    20 banks warned of existential crisis over soaring defaulted loans

    Staff Correspondent | Updated at 11:23pm on April 17, 2017

    Bangladesh Bank has warned top bosses of 20 banks that the entities might face existential crisis unless effective measures are taken to recover their defaulted...

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    Govt to turn PKB as schedule bank soon: minister

    Staff Correspondent | Updated at 01:38pm on April 16, 2017

    The government has decided to turn the Probashi Kalyan Bank as a schedule bank soon to enhance the banking services to the country’s migrant workers...

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    Hackers release files indicating NSA monitored global bank transfers

    Reuters . New York | Updated at 01:59am on April 16, 2017

    Hackers released documents and files on Friday that cybersecurity experts said indicated the US National Security Agency had accessed the SWIFT interbank messaging system, allowing...

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    Citi announces CMA winners

    Staff Correspondent | Updated at 01:50am on April 16, 2017

    The winners of 12th Citi Microentrepreneurship Awards — 12 entrepreneurs and two organisations under six categories — were announced at a programme in Dhaka on...

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    HSIA customs house, banks to remain open tomorrow

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:01pm on April 13, 2017

    Customs house and banks at Hazrat Shahjalal International Airport will remain open tomorrow for quick delivery of goods as well as bringing dynamism in cargo...

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    Both old, new BINs to remain valid till June 30

    Staff Correspondent | Updated at 01:28am on April 13, 2017

    Both old and new business identification numbers (BIN) will remain valid up to June 30 so that newly registered businesses can conduct their business activities...

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    No BB nod needed for foreign cos to issue taka bond

    Staff Correspondent | Updated at 01:27am on April 13, 2017

    Bangladesh Bank on Wednesday said foreign companies operating in Bangladesh would be allowed to collect long-term fund from local banks, corporate groups, non-bank financial institutions...

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    NRBC Bank chair, MD need to respond to BB notices over scams

    Staff Correspondent | Updated at 01:23am on April 13, 2017

    The Appellate Division on Wednesday dismissed the High Court’s ruling that had asked Bangladesh Bank not to disturb scam-hit NRB Commercial Bank’s chairman Farasth Ali...

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    IDB to sell off majority of its stakes in Islami Bank

    Staff Correspondent | Updated at 12:58am on April 13, 2017

    The Islamic Development Bank has taken a decision to sell off majority of its stake in Islami Bank Bangladesh Ltd at market price through stock...

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    BB projects over 7pc growth but remittance poses risk

    Staff Correspondent | Updated at 11:07pm on April 10, 2017

    Bangladesh Bank has projected that the growth of the country’s gross domestic product would be more than 7 per cent in the current fiscal year,...

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