Banking

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    ‘Fake’ directors, Tk 701cr shady loans: scams galore in NRBC

    AKM Zamir Uddin | Updated at 11:45pm on January 30, 2017

    Bangladesh Bank has found that the board of directors of recently-established NRB Commercial Bank was engaged in massive irregularities — from forging signatures of directors...

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    BB keeps major MPS targets unchanged eyeing GDP boost

    Staff Correspondent | Updated at 10:45pm on January 29, 2017

    Bangladesh Bank has kept unchanged the target of 16.50 per cent private sector credit growth, which has slowed in recent months, in the monetary policy...

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    BB unveils new MPS today

    Staff Correspondent | Updated at 10:16pm on January 28, 2017

    Bangladesh Bank may keep unchanged the private sector credit growth target in its monetary policy statement (MPS) for the January-June period of 2017 to be...

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    Lower remittance may hit GDP growth: BB

    AKM Zamir Uddin | Updated at 11:14pm on January 27, 2017

    Bangladesh Bank has projected that the growth of the country’s gross domestic product would be in the range of 7.1-7.3 per cent in the current...

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    India planning expansive budget despite growth, revenue worries

    Reuters . New Delhi | Updated at 10:59pm on January 26, 2017

    India’s finance minister is likely to borrow more than originally planned when he presents the budget on February 1, senior aides and officials said, despite...

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    Taka keeps fading against dollar

    Staff Correspondent | Updated at 10:50pm on January 26, 2017

    The taka has continued to depreciate against the US dollar over the last few weeks as the inflow of remittance decreased significantly due to many...

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    Banks asked to set up day-care centre

    Staff Correspondent | Updated at 11:51pm on January 25, 2017

    Bangladesh Bank on Wednesday asked scheduled banks to set up day-care centre for the children of their employees...

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    Bank farm loan release through NGOs up on 25pc interest

    AKM Zamir Uddin | Updated at 11:32pm on January 25, 2017

    The scheduled banks disbursed Tk 5,371.23 crore in farm loans through the linkage of non-governmental organisations with an interest rate at 25 per cent in...

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    HSBC to close 117 branches in Britain, cut 380 jobs

    Business Desk | Updated at 11:24pm on January 24, 2017

    HSBC said on Tuesday it plans to close 117 branches this year and will cut 380 roles in Britain to try to reduce costs, reports...

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    Business leaders demand direct elections in FBCCI

    Staff Correspondent | Updated at 11:12pm on January 24, 2017

    Country’s business leaders on Tuesday demanded direct elections in all posts of the Federation of Bangladesh Chambers of Commerce and Industry to choose leadership for...

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