Banking

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    Pakistan quickly needs bigger FX reserves: IMF

    Reuters . Islamabad | Updated at 12:05am on October 06, 2018

    The International Monetary Fund (IMF) warned on Friday that Pakistan needs to quickly secure ‘significant external financing’ to stave off a foreign currency crisis, though...

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    Deposit growth in farmers’ bank accounts paltry

    Staff Correspondent | Updated at 12:05am on October 06, 2018

    The number of farmers’ accounts opened with the country’s scheduled banks increased by 79,567 to 93.17 lakh in the January-June period of 2018 and the...

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    Dollar crawls up vs taka after staying put for 3 months

    Staff Correspondent | Updated at 12:05am on October 04, 2018

    The inter-bank exchange rate of the US dollar against the taka has started to inch up in last two days after remaining static for three...

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    Q1 remittance rises 13.75pc

    Staff Correspondent | Updated at 12:00am on October 03, 2018

    Remittance inflow to the country increased by 13.75 per cent in the first quarter of the current financial year 2018-2019 as non-resident Bangladeshis sent home...

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    Towhidul becomes SIBL AMD

    Business Desk | Updated at 12:00am on October 03, 2018

    Kazi Towhidul Alam joined as additional managing director of Social Islami Bank Limited on Monday, said a press release.

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    IMF worried about bad loans, governance in SCBs

    Staff Correspondent | Updated at 01:53am on October 02, 2018

    The visiting International Monetary Fund officials on Monday expressed concern over the growing non-performing loans in the state-owned commercial banks in absence of good governance,...

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    India pumps in liquidity in financial market

    Reuters . Mumbai | Updated at 01:49am on October 02, 2018

    The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October, pledging to...

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    Shahidul become SJIBL MD, CEO

    Business Desk | Updated at 01:47am on October 02, 2018

    M Shahidul Islam has been appointed as the managing director and CEO of Shahjalal Islami Bank with effect from Monday, said a press release....

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    Grameen America distributes $1B in microloans to US women

    Staff Correspondent | Updated at 04:19pm on October 01, 2018

    Grameen America has distributed $1 billion in microloans to more than 1,00,000 low-income women entrepreneurs in 13 cities of United States since its...

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    Farman joins AIBL as MD, CEO

    Business Desk | Updated at 12:05am on October 01, 2018

    Farman R Chowdhury has joined Al-Arafah Islami Bank Limited as managing director and CEO today, said a press release on Sunday. Prior to his joining,...

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