Banking

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    Strict measures needed to check money laundering thru MFS: bankers

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

    Bankers have said that the recent trend in fraud by using mobile financial services (MFS) is one of the reasons for declining remittance inflow in...

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    B’desh should maintain adequate reserves: IMF

    Staff Correspondent | Updated at 09:43pm on March 09, 2017

    The International Monetary Fund on Thursday suggested that Bangladesh should continue to maintain the foreign exchange reserves at adequate level to ensure the country’s resilience...

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    Current account deficit soars to $754m

    AKM Zamir Uddin | Updated at 10:14pm on March 08, 2017

    The country’s current account balance registered a deficit of $754 million in the first seven months of the financial year of 2016-17 against a surplus...

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    Export earnings witness poor growth in Jul-Feb

    Staff Correspondent | Updated at 10:03pm on March 08, 2017

    Country’s export earnings in the July-February of the current financial year 2016-17 witnessed a poor growth of 3.22 per cent to $22.83 billion due to...

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    BB governor assures DSE of bond market revival steps

    Staff Correspondent | Updated at 10:26pm on March 07, 2017

    Bangladesh Bank governor Fazle Kabir at a meeting on Tuesday assured the Dhaka Stock Exchange board that the central bank would take appropriate measures to...

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    Trade deficit mounts to $5.28b in July-Jan

    AKM Zamir Uddin | Updated at 10:19pm on March 07, 2017

    The country’s trade deficit increased by 36.34 per cent to $5.28 billion in the first seven months of the current financial year 2016-17 compared with...

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    BB moves to cut MFS transaction charge

    Staff Correspondent | Updated at 10:19pm on March 06, 2017

    Bangladesh Bank has taken an initiative to decrease the transaction charge on mobile financial services as the providers of MFS are imposing a 2-per cent...

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    Govt gives loan moratorium facility to frozen fish exporters

    Staff Correspondent | Updated at 10:58pm on March 05, 2017

    The government has given frozen fish exporters a moratorium facility for 30 per cent of their outstanding working capital loans taken from different banks to...

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    Govt body advises BB to assess capital account convertibility option

    AKM Zamir Uddin | Updated at 10:03pm on March 04, 2017

    A government committee has advised Bangladesh Bank to review whether Bangladesh could adopt full capital account convertibility (CAC) allowing local businesses to make overseas investment...

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    Tk 36,710 crore defaulted loans in 8 SOBs

    AKM Zamir Uddin | Updated at 10:07pm on March 03, 2017

    The eight state-run banks held 59.04 per cent or Tk 36,709.95 crore of the total defaulted loans in the banking sector as of December 31,...

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