Banking

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    Interest rate on farm loan cut further to 9pc

    Staff Correspondent | Updated at 11:17pm on June 22, 2017

    Bangladesh Bank on Thursday cut the rate of interest on farm loans to 9 per cent from 10 per cent as the rates of interest...

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    Forex reserve surpasses $33b mark

    Staff Correspondent | Updated at 11:17pm on June 22, 2017

    The country’s foreign exchange reserve has swelled beyond $33 billion mark for the first time as inward remittance strongly bounced back in May and ongoing...

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    Excise duty on bank deposits up to Tk 5 lakh to be set at Tk 150

    Staff Correspondent | Updated at 11:10pm on June 22, 2017

    The government is set to revise the proposed rates of excise duty on depositors’ bank balance and the excise duty slabs amid strong criticisms against...

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    Shahidul becomes SJIBL AMD

    Business Desk | Updated at 11:08pm on June 22, 2017

    M Shahidul Islam joined Shahjalal Islami Bank as additional managing director on Tuesday, said a news release....

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    Tk 4,327cr more written off

    AKM Zamir Uddin | Updated at 11:30pm on June 21, 2017

    Country’s banks wrote off afresh defaulted loans worth Tk 4,326.98 crore in 2016 as part of cleaning up their balance sheets...

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    BB serves notice on NRBC Bank chairman

    Staff Correspondent | Updated at 12:32am on June 21, 2017

    Bangladesh Bank has issued a show-cause notice to NRB Commercial Bank chairman Farasath Ali asking him to explain why he placed ‘false information’ before the...

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    Banks asked to keep open some branches in June 23-24

    Staff Correspondent | Updated at 12:29am on June 21, 2017

    Bangladesh Bank on Tuesday asked schedule banks to keep open some of their branches connected with apparel industries on June 23 (Friday) and 24 (Saturday)...

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    Proposed budget long on hopes but short on measures

    Staff Correspondent | Updated at 12:27am on June 21, 2017

    The World Bank on Tuesday said that the proposed budget for the upcoming fiscal year was full of ambitious targets, but devoid of specific actions...

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    2 lakh loan defaulters

    Staff Correspondent | Updated at 12:09am on June 21, 2017

    Finance minister Abul Maal Abdul Muhith on Tuesday told parliament that the number of loan defaulters in the country was now 2,02,623....

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    2.02 lakh loan defaulters

    Staff Correspondent | Updated at 05:06pm on June 20, 2017

    Finance minister Abul Maal Abdul Muhith on Tuesday told parliament that the total number of loan defaulters now stands at...

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