Banking

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    None to be allowed to take money abroad to open subsidiary co: BB

    Staff Correspondent | Updated at 12:00am on April 19, 2019

    The Bangladesh Bank on Thursday clarified that no local entity will be allowed to take foreign currency aboard to set up subsidiary company.The central bank...

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    Former secy Kaniz becomes Karmasangsthan Bank chair

    Business Desk | Updated at 12:00am on April 19, 2019

    Former secretary Kaniz Fatema joined Karmasangsthan Bank as chairman on April 15, said a press release.She started her professional career in 1983 by joining government...

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    Shafiqur joins AIBL as DMD

    Business Desk | Updated at 12:00am on April 18, 2019

    Md Shafiqur Rahman has joined as Al-Arafah Islami Bank deputy managing director recently, said a press release. Prior to his joining, he worked as the...

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    Prime Bank eyes sustainable growth

    Staff Correspondent | Updated at 12:00am on April 18, 2019

    Prime Bank will maintain sustainable profit growth in the coming years and will continue changing business pattern with innovative retail and wholesale products, and include...

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    Exploding ATMs: Brazil banks wrestle with dynamite heists

    Reuters . Sao Paulo | Updated at 12:00am on April 17, 2019

    More than two dozen heavily-armed men stormed into the centre of Guararema early on a recent morning, rousing the Brazilian town’s residents with the sound...

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    Asia’s tech champions zero in on main street banking

    Reuters . Hong Kong | Updated at 12:00am on April 16, 2019

    Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in...

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    JS body for implementing single-digit bank interest rate

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on April 16, 2019

    The parliamentary standing committee on Public Undertakings on Monday suggested Bangladesh Bank and scheduled banks to take effective steps to implement the single digit interest...

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    Govt has no net bank borrowing in 9 months as NSC sales soar

    HM Murtuza | Updated at 12:00am on April 16, 2019

    The government had no net borrowing from the banking sector in nine months (July-March) of the current fiscal year (2018-2019) as high sales of pricy...

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    Weak banks to merge with strong ones: Kamal

    Staff Correspondent | Updated at 12:00am on April 14, 2019

    Finance minister AHM Mustafa Kamal on Friday said that the government would take steps so that weak banks could be merged with stronger ones as...

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    Bangladesh Bank suggests BSEC to ensure governance, quality IPOs

    HM Murtuza | Updated at 12:00am on April 13, 2019

    Bangladesh Bank has suggested that Bangladesh Securities and Exchange Commission should ensure good corporate governance in the country’s capital market and bring good companies to...

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