Banking

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    Govt to project GDP growth at 8.2pc in new budget

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

    The government is likely to project growth in gross domestic product at 8.2 per cent and the rate of inflation at 5.5 per cent for...

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    Rumee Ali becomes AB Bank chair

    Business Desk | Updated at 12:00am on April 25, 2019

    Muhammad A (Rumee) Ali has been appointed as AB Bank chairman with effect from April 20, said a press release.He started his career with ANZ...

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    China to recalibrate Belt and Road, defend scheme against criticism

    Reuters . Beijing | Updated at 12:00am on April 25, 2019

    China is expected to promote a recalibrated version of its Belt and Road initiative at a summit of heads of state this week in Beijing,...

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    RBI steps up liquidity management to make rate cuts count

    Reuters . Mumbai | Updated at 12:00am on April 25, 2019

    The Reserve Bank of India’s surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts...

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    United Finance holds 30th AGM

    Business Desk | Updated at 12:00am on April 25, 2019

    The 30th annual general meeting of United Finance Limited was held at Dhaka Ladies Club in Dhaka on Wednesday, said a press release....

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    Desire for issuing loans to same client by banks rises: study

    Staff Correspondent | Updated at 12:00am on April 24, 2019

    Craving for issuing loans to same client by multiple banks rose by 4.39 percentage points in 2018 compared with that in the previous year, resulting...

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    BB gives banks big breaks over defaulted loans

    HM Murtuza | Updated at 12:00am on April 23, 2019

    Bangladesh Bank has relaxed rules regarding defaulted loan classification by extending the time for treating overdue loans as doubtful and bad, giving further breaks to...

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    StanChart launches Swadeshi Banking for NRBs

    Staff Correspondent | Updated at 12:00am on April 21, 2019

    Standard Chartered Bank has launched Swadeshi Banking, a one-stop suit of banking solutions for the non-resident Bangladeshis, providing a number of facilities including fund transfers,...

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    Farm loan release rises in March

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

    Disbursement of farm loans by the scheduled banks increased by 6.85 per cent or Tk 137.91 crore in March this fiscal year (2018-19) compared with...

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    Japan inflation edges higher but BoJ still in a bind

    Reuters . Tokyo | Updated at 12:00am on April 20, 2019

    Japan’s core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan’s ambitious 2 per cent target...

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