Banking

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    BB asks for removal of Farmers Bank MD

    Staff Correspondent | Updated at 12:05am on November 28, 2017

    Bangladesh Bank has directed scam-hit Farmers Bank to remove its managing director AKM Shamim over unrelenting disbursement of loans despite a liquidity crisis in the...

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    Rising NPLs matter of serious concern for banking sector, experts say at ABC

    Staff Correspondent | Updated at 12:05am on November 27, 2017

    Rising non-performing loan is a matter of serious concern for the banking sector of Bangladesh, said experts on Sunday. The NPLs crossed 10 per cent...

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    StanChart launches signature lounge at HSIA

    Staff Correspondent | Updated at 10:53pm on November 25, 2017

    Standard Chartered has launched its first dedicated airport lounge facility for the bank’s clients and international cardholders at the Hazrat Shahjalal International Airport...

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    Unhealthy loan takeover competitions making bank sector vulnerable

    Staff Correspondent | Updated at 12:05am on November 24, 2017

    Unhealthy competitions among banks regarding loan takeover have resulted in vulnerability in the banking industry that should be mitigated soon as most of the taken-over...

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    BTRC decides to cancel IIG licence of Bangla Phone

    Staff Correspondent | Updated at 12:05am on November 23, 2017

    Bangladesh Telecommunications Regulatory Commission has decided to cancel the licence of international internet gateway service operator, Bangla Phone Limited, for violating licencing conditions including its...

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    ADB to lend $300 million for Dhk-Northwest road corridor

    Staff Correspondent | Updated at 11:13pm on November 22, 2017

    Asian Development Bank will give Bangladesh $300 million in loans for upgrading an international road corridor project. Economic Relations Division of the finance ministry and...

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    7 banks fail to keep Tk 8,877cr in provision

    M Ibrahim Ibne Towhid | Updated at 12:05am on November 23, 2017

    Seven commercial banks faced Tk 8,876.51 crore in provision shortfalls against their disbursed loans as of September 30 as the scam-hit BASIC Bank’s shortfall rose further...

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    Meghna Bank MD resigns

    Staff Correspondent | Updated at 12:05am on November 22, 2017

    Managing director and chief executive officer of Meghna Bank Nurul Amin resigned from the bank over differences of opinion with board members surrounding Tk 48...

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    Govt to sign $260m loan deal with ADB today

    Agence France-Presse . Dhaka | Updated at 11:50pm on November 18, 2017

    The government will sign a US$260 million agreement with the Asian Development Bank today for sustaining and increasing its investments in infrastructures, particularly financing public-private...

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    BB creates $240m fund for SME sector dev

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 11:44pm on November 17, 2017

    Bangladesh Bank has created a $240 million refinancing fund for providing loans to small and medium enterprises at low interest...

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