Banking

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    BRAC Saajan opens its office in Dhaka

    Business Desk | Updated at 10:14pm on May 03, 2017

    BRAC Saajan Exchange Ltd, the UK-based subsidiary of BRAC Bank, opened its Dhaka office in providing state of the art customer services for inward remittances,...

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    Investment in NSCs hits annual record of Tk 37,600cr in 9 months

    AKM Zamir Uddin | Updated at 09:43pm on May 03, 2017

    The net investment in the national savings certificates and bonds broke the yearly record within the first nine months of the fiscal year 2016-17 hitting...

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    State-run commercial banks write off Tk 2041cr defaulted loan in five years

    Staff Correspondent | Updated at 08:22pm on May 03, 2017

      The country’s seven state-run commercial banks wrote off Tk 2041 crore defaulted loans in past five years, finance minister AMA Muhith told parliament on...

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    BB eases loan burden of raw jute exporters

    Staff Correspondent | Updated at 09:58pm on May 02, 2017

    Bangladesh Bank on Tuesday took a relaxed credit policy for the raw jute exporters who are inflicted with debt crisis...

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    Remittance inflow drops by almost $2b in 10 months

    Staff Correspondent | Updated at 09:50pm on May 02, 2017

    The inward remittance decreased by $1.96 billion or 16.02 per cent in the July-April period of the current financial year 2016-17 compared with the corresponding...

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    Banks request BB for forex brokerage houses

    Staff Correspondent | Updated at 11:09pm on April 30, 2017

    Scheduled banks on Sunday suggested that Bangladesh Bank should set up foreign exchange brokerage houses in the country so that they (banks) can sell and...

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    BB to include tourism in its policy

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:55pm on April 29, 2017

    Bangladesh Bank is going to include tourism sector into its policy for the first time considering immense business potential of the country’s travel and hospitality...

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    Rural SMEs ignored as Tk 1,41,935cr disbursed in 2016

    Staff Correspondent | Updated at 01:44am on April 29, 2017

    Scheduled banks and non-bank financial institutions continue to ignore rural entrepreneurs in disbursing their small and medium enterprise loans as they distributed only 22.15 per...

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    ADB, City Bank sign $5m loan deal

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 10:49pm on April 27, 2017

    The Asian Development Bank and the City Bank Limited on Thursday signed a loan agreement for US$5 million to support import and export financing for...

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    BB asks banks to cut dollar exchange rate for LCs

    Staff Correspondent | Updated at 10:36pm on April 27, 2017

    Bangladesh Bank on Thursday asked scheduled banks to reduce their exchange rate of the US dollar against the local currency to Tk 82 for settling...

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