Banking

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    Sonali misses 2019 defaulted loan recovery target by miles

    Staff Correspondent | Updated at 12:00am on January 29, 2020

    State-run Sonali Bank Limited, which now holds the third largest loan portfolio and the second highest volume of defaulted loans among the country’s scheduled banks,...

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    StanChart group chief risk officer visits Bangladesh

    Business Desk | Updated at 12:00am on January 28, 2020

    Standard Chartered group chief risk officer Mark Smith visited Dhaka recently, said a press release. His visit follows a number of visits to Bangladesh by...

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    For US Fed, it’s steady as it goes for now

    Agence France-Presse . Washington | Updated at 11:09pm on January 26, 2020

    The Federal Reserve is overwhelmingly expected to begin 2020 as it ended 2019: by leaving interest rates right where they are. As they prepare to...

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    Japan arrests former SoftBank staff suspected of spying for Russia

    Agence France-Presse . Tokyo | Updated at 11:02pm on January 26, 2020

    Japanese police have arrested a former SoftBank employee for allegedly stealing proprietary information from the telecom giant and giving it to Russian officials, police and...

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    AIBL unveils new logo at rebranding campaign

    Business Desk | Updated at 10:58pm on January 26, 2020

    Al-Arafah Islami Bank Limited has unveiled its new logo at the launch of its rebranding campaign to mark its 25th founding anniversary. The bank has...

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    MFS transaction charge in Bangladesh should be reduced: Nagad MD

    HM Murtuza | Updated at 11:48pm on January 25, 2020

    The mobile financial service transaction charge should be significantly brought down, said digital financial service Nagad’s managing director Tanvir A Mishuk in a recent interview...

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    Cos must monitor MFS transaction during public exams: BB

    Staff Correspondent | Updated at 12:00am on January 24, 2020

    The Bangladesh Bank on Thursday asked the mobile financial service providers to strengthen monitoring on money transactions through their platforms in the period between one...

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    Addl cash incentive criteria for small and medium apparel factories revised

    Staff Correspondent | Updated at 12:00am on January 23, 2020

    The Bangladesh Bank on Wednesday clarified that the apparel sector small and medium enterprises, which would fail to export goods in a fiscal year, would...

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    BoJ lifts growth outlook

    Agence France-Presse . Tokyo | Updated at 12:00am on January 22, 2020

    The Bank of Japan on Tuesday slightly upgraded its growth forecast for the world’s third-biggest economy but kept its super easy monetary policy unchanged. The...

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    Iqbal becomes Bank Asia DMD

    Business Desk | Updated at 12:00am on January 22, 2020

    SM Iqbal Hossain has recently been promoted as the deputy managing director of Bank Asia, said a press release. Prior to the promotion, Iqbal was...

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