Banking

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    Addl cash incentive criteria for small and medium apparel factories revised

    Staff Correspondent | Updated at 12:00am on January 23, 2020

    The Bangladesh Bank on Wednesday clarified that the apparel sector small and medium enterprises, which would fail to export goods in a fiscal year, would...

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    BoJ lifts growth outlook

    Agence France-Presse . Tokyo | Updated at 12:00am on January 22, 2020

    The Bank of Japan on Tuesday slightly upgraded its growth forecast for the world’s third-biggest economy but kept its super easy monetary policy unchanged. The...

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    Iqbal becomes Bank Asia DMD

    Business Desk | Updated at 12:00am on January 22, 2020

    SM Iqbal Hossain has recently been promoted as the deputy managing director of Bank Asia, said a press release. Prior to the promotion, Iqbal was...

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    Shahid, Shahed become Premier Bank DMDs

    Business Desk | Updated at 12:00am on January 22, 2020

    Md Shahid Hassan Mallik and Shahed Sekander have recently been promoted as deputy managing directors of Premier Bank with effect from January o1, 2020, said...

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    C banks to explore digital currencies

    Business Desk | Updated at 11:49pm on January 21, 2020

    Some of the world’s largest central banks are teaming up on an initiative to explore digital currencies, reports CNBC. The central banks of Britain, Japan,...

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    Fintech non-adoption to create risks for banks: ICT professionals

    Staff Correspondent | Updated at 12:00am on January 22, 2020

    Traditional banks, which are not adopting financial technology or fintech, would be at risk of losing competitiveness, academics and professionals cautioned at a discussion on...

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    Govt waives stamp duty on export bill of exchange

    Staff Correspondent | Updated at 12:29am on January 21, 2020

    The finance ministry has waived exporters from payment of stamp duty at the rate of 0.2 per cent on deferred payment, a major boost for...

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    Settle essential goods’ import docs quickly

    Staff Correspondent | Updated at 12:24am on January 21, 2020

    The Bangladesh Bank on Monday asked the scheduled banks to take prompt measures to deal with import documents of 17 essential kitchen market commodities. The...

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    SoEs asked to deposit 50pc funds in pvt banks at 6pc interest 

    Staff Correspondent | Updated at 12:20am on January 21, 2020

    The Financial Institutions Division has set the interest rates of deposits by the state-owned enterprises in the private and public commercial banks and non-bank financial...

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    New ADB president takes office

    Business Desk | Updated at 10:05pm on January 19, 2020

    Masatsugu Asakawa assumed office as the 10th president of the Asian Development Bank on Friday, said a press release. Asakawa succeeds Takehiko Nakao, who stepped...

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