Banking

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    Scam-hit Farmers Bank to be renamed

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Scam-hit Farmers Bank has initiated a move to change its name with a view to regaining public confidence for survival following changes in its management...

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    Only two pvt banks lower lending rate to single digit

    Staff Correspondent | Updated at 12:05am on September 24, 2018

    Only a couple of private banks complied with the declaration made by the private banks owners’ association of bringing down the interest rate to single...

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    BB awards 29 top remitters, 8 orgs

    Staff Correspondent | Updated at 12:05am on September 21, 2018

    Bangladesh Bank on Thursday awarded 29 individuals and eight institutions accolades for their highest contribution to the country’s total inward remittance in 2017....

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    Urmee becomes human resources head of SCB

    Business Desk | Updated at 12:05am on September 20, 2018

    Standard Chartered Bank Bangladesh has recently appointed Khairun Nahar Haque Urmee as country head of human resources, said a press release....

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    Nilufer becomes Midland Bank chair, Kashem vice-chair

    Business Desk | Updated at 12:05am on September 20, 2018

    Nilufer Zafarullah was elected as the chairman and Abul Kashem the vice chairman of Midland Bank at the 76th board of directors’ meeting of the...

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    Banks, traders launch first commodities blockchain platform

    Reuters . London | Updated at 12:05am on September 20, 2018

    Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a...

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    India to merge 3 state-owned banks to tackle sour debt

    Reuters . New Delhi | Updated at 12:05am on September 18, 2018

    India plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on Monday, as part of...

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    NCC Bank re-elects chairs of 3 committees

    Business Desk | Updated at 12:05am on September 18, 2018

    The board of directors of NCC Bank has recently re-elected SM Abu Mohsin as the executive committee chairman, Yakub Ali Montu as risk management committee...

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    High return keeps NSC sales above Tk 5,000cr in July

    Staff Correspondent | Updated at 07:21pm on September 17, 2018

    Government’s borrowing from the sales of national savings certificate remained high in the first month of the fiscal year 2017-2018 in line with the trend...

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    Banks allowed to appoint additional auditors outside BB panel for export subsidy issues

    Staff Correspondent | Updated at 12:05am on September 17, 2018

    Bangladesh Bank on Sunday announced that it would allow banks to appoint auditors not registered with the central bank for quick completion of auditing of...

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