Banking

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    A third of banks hold 73pc deposits

    HM Murtuza | Updated at 11:43pm on December 22, 2020

    One-third of the country’s banks are holding three-fourths of the deposits in the country’s banking sector, according to Bangladesh Bank data. The BB data showed...

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    Bangladesh Bank drafts policy to phase out LIBOR-based financing

    Staff Correspondent | Updated at 11:41pm on December 22, 2020

    The Bangladesh Bank has drafted a policy on introducing a new reference rate for short-term trade financing before the Financial Conduct Authority of England phases...

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    Only 23 CA firms eligible to audit financial reports of listed banks, NBFIs

    Mostafizur Rahman | Updated at 11:34pm on December 22, 2020

    Only 23 audit firms can audit the financial reports of listed banks and non-bank financial institutions as the Bangladesh Bank has recently dumped 36 audit...

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    MMBL holds 30th audit committee meeting

    | Updated at 11:09pm on December 22, 2020

    Modhumoti Bank Limited held its 30th audit committee meeting on Zoom on Tuesday, said a press release. The meeting was presided by the bank’s vice-chairman...

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    ADB gives $50m in loans to help COVID-hit microenterprises

    Staff Correspondent | Updated at 10:32pm on December 21, 2020

    The Asian Development Bank will provide an additional $50 million to help COVID19-hit microenterprises in Bangladesh to help them restore their economic activities. The finance...

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    HSBC launches Dhanmondi branch with modern facilities

    Staff Correspondent | Updated at 06:01pm on December 21, 2020

    The Hongkong and Shanghai Banking Corporation in Bangladesh officially relaunched its state-of-the-art Dhanmondi branch on the 10th floor of the Bay’s Park Height. The new...

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    Nagad holds compliance meeting with BFIU

    Staff Correspondent | Updated at 01:20pm on December 21, 2020

    Nagad and the Bangladesh Financial Intelligence Unit have emphasised effective management to combat money laundering and financing of terrorism in order to ensure sustainable growth...

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    Digital pay in RMG units falling after boom amid COVID-19

    Staff Correspondent | Updated at 12:54am on December 21, 2020

    Owners of the country’s apparel factories are gradually returning to cash-based salary disbursement after using digital payment modes in this regard during the implementation of...

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    Bangladesh Bank cuts lending rate from

    Staff Correspondent | Updated at 12:50am on December 21, 2020

    The Bangladesh Bank on Sunday lowered the loan interest rate from a scheme at 5 per cent to promote the country’s trade and investments with...

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    MMBL holds 100th EC meeting

    | Updated at 12:39am on December 21, 2020

    Modhumoti Bank’s 100th executive committee meeting was held on the virtual platform of Zoom on Saturday, said a press release. The meeting was presided over...

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