Banking

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    Tk 14,500cr put aside for scam-hit SOBs, equity investment

    Staff Correspondent | Updated at 12:00am on June 14, 2019

    The government has put aside Tk 14,482 crore in the proposed national budget for re-capitalisation of the ailing state-owned banks plagued with various scams and...

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    Listed banks keep Tk 1,946cr in provision in Jan-Mar

    HM Murtuza | Updated at 12:00am on June 13, 2019

    Listed banks witnessed a 25.13-per cent or Tk 390.83 crore rise in provision for defaulted loans in the January-March quarter of this year compared with...

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    BB asks SOBs to bring down defaulted loans

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

    Bangladesh Bank on Tuesday asked the eight state-owned banks to bring down defaulted loans.The central bank gave the instruction at a meeting held at the...

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    All steps failed to fix banking fiasco

    HM Murtuza | Updated at 12:07am on June 11, 2019

    Budgetary and other incentives provided for the banking sector in the outgoing fiscal year have failed to improve the financial health of the ailing sector,...

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    Defaulted loans soar to Tk 1.11 lakh crore

    HM Murtuza | Updated at 12:30am on June 11, 2019

    Defaulted loans in the scam-hit banking system skyrocketed to Tk 1,10,873.54 crore in the first quarter of 2019 because of a 31 per cent increase in...

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    China says small bank risks manageable after takeover of troubled Baoshang

    Reuters . Beijing | Updated at 12:00am on June 10, 2019

    China’s banking regulator said risks at small and mid-sized banks are manageable, a central bank publication reported on Sunday, in the latest move to soothe...

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    India cenbank to enhance monitoring of NBFCs

    Reuters . Mumbai | Updated at 12:00am on June 10, 2019

    Reserve Bank of India governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies (NBFCs) and it would not...

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    Banks’ ADR rises further in 2018: BB report

    HM Murtuza | Updated at 12:00am on June 10, 2019

    Advance-to-deposit ratio (ADR) in the country’s banking sector increased by 1.7 percentage points in the year of 2018 due to a slowdown in deposit growth...

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    Wells Fargo to pay clients $386m over unwanted auto insurance

    Reuters | Updated at 12:00am on June 09, 2019

    Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they...

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    RBI relaxes asset guidelines for lenders

    Reuters . Mumbai | Updated at 12:00am on June 09, 2019

    The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower’s accounts within...

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