Banking

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    SC upholds removal of NRBC Bank MD by BB

    Staff Correspondent | Updated at 12:31am on January 12, 2018

    The Appellate Division on Thursday upheld Bangladesh Bank’s recent order removing loan scam tainted NRB Commercial Bank’s managing director Dewan Mujibur Rahman...

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    Apollo India, BRAC Bank, Mastercard launches health card

    Staff Correspondent | Updated at 11:59pm on January 10, 2018

    Apollo Hospitals (India), BRAC Bank and Mastercard on Wednesday entered into a tripartite partnership to launch a co-branded health card to be used in India...

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    BB tightens oversight

    Staff Correspondent | Updated at 10:46pm on January 09, 2018

    Bangladesh Bank on Tuesday tightened its oversight over the scheduled banks’ wholesale borrowing and non-funded loan commitments...

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    BB takes T-bonds buyback policy amid savings tools sales surge

    Staff Correspondent | Updated at 10:52pm on January 09, 2018

    Bangladesh Bank has framed a policy to buyback the Treasury Bonds and Bills for balancing the redemption profile and reducing the number of government securities...

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    BB relaxes refinancing scheme terms for Islamic banks

    Staff Correspondent | Updated at 12:08am on January 08, 2018

    Bangladesh Bank has extended the schedules of repayment and recovery of the re-financing fund for Shariah-based banks and non-bank financial institutions for agro-based industry, small...

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    BB waives provision against LCs for fast-track power projects

    Staff Correspondent | Updated at 11:34pm on January 04, 2018

    Bangladesh Bank has given scheduled banks waiver from keeping one per cent general provision against the trade finance given through letter of credit in favour...

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    Bank MDs worried over recent hasty changes in some banks

    Staff Correspondent | Updated at 09:20pm on January 03, 2018

    Top officials of the country’s scheduled banks at a meeting with Bangladesh Bank on Wednesday expressed concerns over the recent hurried changes taken place in...

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    Remittance grows in 2017, but slightly

    Staff Correspondent | Updated at 01:42am on January 02, 2018

    Inward remittance in the country increased slightly in the just concluded year as expatriate Bangladeshis sent 8.65 per cent more money in the year despite...

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    Nasir elected BMBA president

    Staff Correspondent | Updated at 12:14am on January 01, 2018

    LankaBangla Capital Market Operations managing director Mohammed Nasir Uddin Chowdhury has been elected as the president of Bangladesh Merchant Bankers Association for 2018-2019...

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    Most banks make robust operating profits in 2017

    Staff Correspondent | Updated at 11:05pm on January 01, 2018

    Operating profits of most of the scheduled banks increased significantly in the just-concluded year of 2017 amid rampant credit disbursements by the banks, said senior...

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