Banking

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    Islami Bank won’t turn into BASIC Bank: new chair

    Staff Correspondent | Updated at 11:11pm on January 12, 2017

    Arastoo Khan, the new chairman of Islami Bank Bangladesh Limited, on Thursday ruled out the possibility of the bank ever being in a situation like...

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    Independent directors galore in IBBL with 2 more in pipeline

    AKM Zamir Uddin and HM Murtuza | Updated at 04:12pm on January 12, 2017

    Islami Bank Bangladesh has decided to appoint two more independent directors to its board taking the total number of independent ones to nine amid the...

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    Uncertainty over Trump policy clouds global outlook: WB

    Agence France-Presse . Washington | Updated at 11:18pm on January 11, 2017

    The World Bank on Tuesday pared back its global growth estimate for 2017, but uncertainty about the economic policies of US president-elect Donald Trump is...

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    Economic inequality top global risk: WEF

    Agence France-Presse . Geneva | Updated at 11:12pm on January 11, 2017

    Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to...

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    IBBL not to sack any staff after major shake-up, says bank

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

    Islami Bank Bangladesh Limited on Wednesday said that it would not sack any employee and more female staff would be recruited for women empowerment...

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    WB retains lower GDP growth projection at 6.8pc for FY17

    Staff Correspondent | Updated at 11:04pm on January 11, 2017

    The World Bank retained its lower economic growth projection at 6.8 per cent for the current fiscal year 2016-2017 for Bangladesh, 0.4 percentage points lower...

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    BB tightens mobile banking

    Staff Correspondent | Updated at 10:54pm on January 11, 2017

    Bangladesh Bank on Wednesday tightened ceiling on transactions through mobile financial services and identification process of clients to tackle ‘hundi’ and money laundering using the...

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    Bangladesh Bank lowers mobile banking transaction ceiling

    Bangladesh Sangbad Sangstha | Updated at 09:16pm on January 11, 2017

    Bangladesh Bank has re-fixed the ceiling of the mobile banking transactions for checking any abuse of the service...

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    Indian auto sales see biggest drop in 16yrs on note ban

    Business Desk | Updated at 11:38pm on January 10, 2017

    India’s automobile sales saw their biggest monthly fall in 16 years in December after prime minister Narendra Modi’s ban on high-value banknotes sparked a severe...

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    BB rejects IFIC plea to buy loss-making US exchange house for $3m

    AKM Zamir Uddin | Updated at 11:19pm on January 10, 2017

    Bangladesh Bank has rejected an application of IFIC Bank Ltd to purchase a loss making exchange house in United States for US$ 3 million....

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