Banking

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    BB to unveil H2 monetary policy Jan 30

    Staff Correspondent | Updated at 12:00am on January 24, 2019

    Bangladesh Bank is likely to announce monetary policy for the second half of the current fiscal year 2018-2019 on January 30 amid falling private sector...

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    BoJ maintains massive stimulus as Kuroda warns of growing risks

    Reuters . Tokyo | Updated at 12:00am on January 24, 2019

    The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus programme, with governor Haruhiko Kuroda warning of growing risks to...

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    EU fines Mastercard 570m euros over cross-border barriers

    Reuters . Brussels | Updated at 12:00am on January 23, 2019

    The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better...

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    Mashrur becomes City Bank MD

    Business Desk | Updated at 12:00am on January 22, 2019

    Mashrur Arefin has been appointed as the managing director and CEO of The City Bank Limited recently, the bank said in a statement following the...

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    Loan disbursement to SMEs drops 6pc in 9 months

    Staff Correspondent | Updated at 12:00am on January 22, 2019

    Small and medium entrepreneurs’ loan from banks and non-bank financial institutions declined by 6.01 per cent or Tk 7,391.28 crore in January-September period of the...

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    Farm loan disbursement drops by 4.87pc in Jul-Dec

    Staff Correspondent | Updated at 12:00am on January 21, 2019

    Farmers’ loan receipt from banks dropped by 4.87 per cent or Tk 524.33 crore in the first half of the fiscal year of 2018-2019 compared with...

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    Shamsul becomes Standard Bank vice-chair

    Business Desk | Updated at 12:00am on January 21, 2019

    Mohammed Shamsul Alam has been elected as vice-chairman of Standard Bank, said a press release. He is the founder director of Standard Bank....

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    PNB execs sacked for lapses in $2b fraud in 1st firings

    Reuters . New Delhi | Updated at 12:00am on January 21, 2019

    The government has sacked two executives of the state-run Punjab National Bank (PNB) for allegedly failing to prevent a $2 billion fraud, two sources said...

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    Wall Street wary of progressive Democrats on House finance body

    Agence France-Presse . Washington | Updated at 12:00am on January 21, 2019

    Wall Street is bunkering down for a wave of intense scrutiny as a group of progressive Democrats, including social media star Alexandria Ocasio-Cortez, have joined...

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    BB to file case by January for stolen reserve

    Staff Correspondent | Updated at 04:45pm on January 20, 2019

    Finance minister AHM Mustafa Kamal said on Sunday that the Bangladesh Bank would sue Rizal Commercial Bank Corp of the Philippines by January for stolen...

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