Banking

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    Bangladesh Bank expects to get back $30m heist money in two to three months

    Bangladesh Sangbad Sangstha | Updated at 07:20pm on November 26, 2016

    Bangladesh Bank expects to get back US$30 million more of its heisted reserve from the Philippines within the next two to three months...

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    India stops over-the-counter exchange of old bank notes

    Agence France-Presse . New Delhi | Updated at 11:44pm on November 25, 2016

    India Thursday stopped the over-the-counter exchange of old bills as the government faced growing criticism of its shock move to withdraw all high-denomination banknotes in...

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    Only Tk 193cr deposited in 89.33 lakh farmer accounts

    Staff Correspondent | Updated at 11:35pm on November 25, 2016

    The total deposits in the 89.33 lakh farmer accounts opened with Tk 10 initial deposit with the scheduled banks stood at only Tk 192.93 crore...

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    IFC for more women entrepreneurs accessing banking loans

    Staff Correspondent | Updated at 12:05am on November 25, 2016

    The International Finance Corporation in a study recommended bringing more women entrepreneurs under the coverage of financial services to ensure inclusive economic growth in Bangladesh...

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    Import payments drop by 4.19pc in Oct

    Staff Correspondent | Updated at 11:59pm on November 24, 2016

    The country’s import payments registered a 4.19-per cent negative growth in October against an 11.10-per cent growth in the corresponding month a year ago. According...

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    BB reserve theft 6 RCBC officials charged

    Business Desk | Updated at 11:57pm on November 22, 2016

    The Anti-Money Laundering Council (AMLC) of Philippines has filed charges against the former treasurer and 5 other officers and employees of listed Rizal Commercial Banking...

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    BB warns 9 new banks against rising defaulted loans

    Staff Correspondent | Updated at 11:26pm on November 21, 2016

    Bangladesh Bank on Monday warned nine new commercial banks against rising defaulted loans at the banks and asked them (banks) to speed up the recovery...

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    5 ways Indians are dodging ‘black money’ crackdown

    Agence France-Presse. New Delhi | Updated at 11:44pm on November 20, 2016

    From deploying ‘cash coolies’ to buying Rolex watches, Indians have found unique ways to dodge the government’s surprise move to withdraw high value bills in...

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    BB meets 9 new banks today as defaulted loans rise further

    Staff Correspondent | Updated at 11:39pm on November 20, 2016

    Bangladesh Bank will hold today a meeting with nine new commercial banks as their defaulted loans increased significantly in recent months...

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    Taka weakening against dollar on import rise, poor remittance

    Staff Correspondent | Updated at 11:42pm on November 19, 2016

    The US dollar has appreciated against Bangladeshi currency taka over the last few weeks as the country’s import demand picked up remarkably in the first...

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