Banking

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    Chartered accountants seek cut in corporate, income taxes

    Staff Correspondent | Updated at 12:00am on March 25, 2019

    Institute of Chartered Accountants in Bangladesh on Sunday urged the government to reduce the rates of taxes including corporate and income taxes so that country’s...

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    NBFI booths barred from handling deposit, loan

    Staff Correspondent | Updated at 12:00am on March 25, 2019

    Bangladesh Bank has barred non-bank financial institutions from conducting any sort of direct transaction including deposit collection and issuing credit through their business development centres...

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    State-sponsored cyberattacks on banks on the rise

    Reuters . New York | Updated at 12:00am on March 24, 2019

    Cyberattacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by...

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    Masud joins Dhaka Bank as CFO

    Business Desk | Updated at 12:00am on March 23, 2019

    Mohammod Masud Rana has joined Dhaka Bank as chief financial officer, said a press release...

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    Apparel exporters to get up to 12pc cash incentives

    Staff Correspondent | Updated at 12:00am on March 22, 2019

    Bangladesh Bank on Thursday said that the cumulative cash incentives, up to 12 per cent, against apparel exports would not be reduced in this fiscal...

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    Top bankers back London as financial hub whatever Brexit outcome

    Reuters . London | Updated at 12:00am on March 22, 2019

    London will be central to global financial markets whatever shape Britain’s exit deal from the European Union (EU) takes, senior players in British banking said...

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    ADB, PRAN sign $14.2m loan deal

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on March 21, 2019

    The Asian Development Bank (ADB) yesterday signed a $14.2 million loan agreement to support the expansion plans of Sylvan Agriculture Limited (SAL), a sister concern...

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    BB invites applications for gold dealership licences

    Staff Correspondent | Updated at 12:00am on March 20, 2019

    Bangladesh Bank on Tuesday invited applications from banks, individual-owned companies, joint ventures and limited companies for gold dealership licences.To this end the central bank on...

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    Govt likely to allow rescheduling with up to Tk 1cr down payment

    Shakhawat Hossain | Updated at 12:00am on March 20, 2019

    The government is likely to give opportunity of restructuring any large defaulted loan by making down payment of up to only Tk 1 crore.Officials said...

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    Finance minister for simple interest rate on bank loans

    Staff Correspondent | Updated at 01:11am on March 19, 2019

    Finance minister AHM Mustafa Kamal on Monday said they would consider calculating interest rate of loans at simple interest basis as opposed to the compound...

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