Banking

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    BB launches new KYC forms for banks

    Staff Correspondent | Updated at 11:29pm on January 18, 2017

    Bangladesh Bank has introduced fresh uniform account opening and ‘know your client’ profile forms for the clients of the banking sector in line with money...

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    ADB to provide $200m to support women entrepreneurs

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:27pm on January 18, 2017

    The government Wednesday signed a $200 million loan agreement with Asian Development Bank to help small and medium-sized enterprises in rural Bangladesh...

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    53pc of BASIC’s SME loans now defaulted

    AKM Zamir Uddin | Updated at 11:09pm on January 18, 2017

    Fifty three per cent of SME loans worth Tk 5,359.07 crore has become defaulted at the scam-hit BASIC Bank against its disbursed SME loans of...

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    Citibank NA for easing business, investment regulations

    Staff Correspondent | Updated at 11:38pm on January 16, 2017

    The US-based Citibank NA on Monday said that easing business setup and investment regulations, and rapid execution of infrastructure projects would be driving factors for...

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    WB rejects request for $500m loan for BoP

    Staff Correspondent | Updated at 11:32pm on January 16, 2017

    The World Bank has rejected a request from government to provide $500 million concessional loan to support the country’s balance of payment against the backdrop...

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    BB rejects IFIC’s plea to transfer $12m for Nepal bank investment

    AKM Zamir Uddin | Updated at 11:20pm on January 16, 2017

    Bangladesh Bank has rejected an IFIC Bank Ltd’s application for transferring capital worth $12.29 million or around Tk 98 crore to make further investment in...

  • Shelina becomes Jiban Bima chair

    Business Desk | Updated at 11:05pm on January 15, 2017

    Career civil servant and former secretary Shelina Afroza joined as chairperson of the board of directors of Jiban Bima Corporation on January 8, said a...

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    Al Rajhi Group to have another director in Islami Bank

    AKM Zamir Uddin | Updated at 10:59pm on January 15, 2017

    Saudi Arabia-based Al Rajhi Group will have another directorship post in the board of Islami Bank Bangladesh Ltd which has gone through major reshuffles since...

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    Project prep eats up more than 1 year

    Shakhawat Hossain | Updated at 10:57pm on January 15, 2017

    The Economic Relations Division has identified that one year to one year and a half is required to begin the implementation of development projects after...

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    India central bank employees urge governor to protect autonomy

    Reuters . Mumbai | Updated at 11:05pm on January 14, 2017

    The employee union of the Reserve Bank of India has urged the bank’s governor to protect central bank autonomy and not allow the federal government...

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