Banking

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    12 banks warned for higher credit growth than deposits

    AKM Zamir Uddin | Updated at 10:32pm on February 27, 2017

    Bangladesh Bank has warned 12 commercial banks due to their higher credit growth than collected deposits...

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    Faruque becomes SBAC Bank SAMD

    Business Desk | Updated at 10:30pm on February 27, 2017

    Md Golam Faruque has recently joined South Bangla Agriculture and Commerce Bank as senior additional managing director, said a news release...

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    India firms fear lingering economic aftershocks from cash crackdown

    Reuters . Ghaziabad, India | Updated at 10:29pm on February 27, 2017

    Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government’s crackdown on cash will have a...

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    PM opens country’s 1st solar-powered food silo

    Bangladesh Sangbad Sangstha . Santahar, Bogra | Updated at 10:20pm on February 26, 2017

    Prime minister Sheikh Hasina on Sunday inaugurated a state of the art multistoried food warehouse, having capacity of storing 25,000 tonnes of food grains at...

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    6 banks fail to keep provision in ’16

    AKM Zamir Uddin | Updated at 09:56pm on February 26, 2017

    The overall shortfall in provision against general and defaulted loans in the banking sector increased by 27.70 per cent, or Tk 1,186.65 crore, to Tk...

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    India’s Q4 economic growth seen slowing to near 3-year low

    Reuters . Bengaluru | Updated at 10:38pm on February 24, 2017

    India’s economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following prime...

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    Farm loan release rises by 20.62pc in Jul-Jan

    Staff Correspondent | Updated at 01:15am on February 24, 2017

    Farm loan disbursement posted a 20.62-per cent growth in the July-January period of this fiscal year compared with that in the same period of last...

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    Cooperatives want BB nod to disburse agri, SME loans

    Staff Correspondent | Updated at 10:03pm on February 22, 2017

    The cooperative societies have sought permission to disburse farm and SME loans through participation agreements with scheduled banks as they are now facing huge liquidity...

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    BB to phase out magnetic strip-based bank cards

    AKM Zamir Uddin | Updated at 10:03pm on February 18, 2017

    Bangladesh Bank has taken initiative to phase out the use of magnetic strip in the credit and debit cards of scheduled banks to secure clients’...

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    Banks reluctant to open street children accounts

    Staff Correspondent | Updated at 10:27pm on February 17, 2017

    The country’s scheduled banks are still reluctant to extend their services to street children and child workers as they (banks) opened only 3,572 accounts for...

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