Banking

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    BB eyes settlement in US cyber heist suit ahead of its own case

    Reuters . New York/Dhaka | Updated at 12:05am on April 17, 2018

    An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank’s...

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    MTB launches student banking products

    Staff correspondent | Updated at 11:40pm on April 15, 2018

    Mutual Trust Bank Limited on Sunday launched a number of deposit and credit products focusing on students....

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    BB eases use of ERQ for import payments

    Staff Correspondent | Updated at 12:11am on April 16, 2018

    Bangladesh Bank on Sunday said the exporters would be allowed to pay the import payments of their subsidiaries or sister concerns from their export retention...

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    Lending rate may start to come down in 6 months: bank CEOs

    Staff Correspondent | Updated at 12:08am on April 16, 2018

    Depending on deposit collection situation, the interest rate on bank loans may start to come down in six months when the reduced cash reserve ratio...

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    Imports soar to $35.8b in Jul-Feb

    Staff Correspondent | Updated at 12:05am on April 14, 2018

    Bangladesh’s import payments grew 26.22 per cent or $7.44 billion in the first eight months of the fiscal year 2017-2018 against that of the same...

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    AIBL ties up with Dmoney to launch ‘Digital Islami Wallet’ service

    Staff Correspondent | Updated at 12:05am on April 13, 2018

    Al-Arafah Islami Bank Limited (AIBL) and Dmoney Bangladesh, a financial technology service provider, signed an agreement to launch the country’s first ‘Digital Islami Wallet’ in...

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    Muhith for publishing loan defaulters’ names in media

    United News of Bangladesh . Sangsad Bhaban | Updated at 09:30pm on April 11, 2018

    Finance minister AMA Muhith on Wednesday said that the government might publish the names, addresses and identities of the bank loan defaulters periodically in the...

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    Ballooning defaulted loans curse for growth: ICCB

    Staff Correspondent | Updated at 09:30pm on April 11, 2018

    The International Chamber of Commerce Bangladesh on Wednesday said that the ballooning volume of non-performing loans (defaulted loans) had become a curse for the country’s...

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    ADB also contradicts govt’s GDP growth estimation

    Staff Correspondent | Updated at 09:28pm on April 11, 2018

    Asian Development Bank on Wednesday also contradicted the government’s estimation of 7.65 per cent gross domestic production growth for the current fiscal year 2017-2018 stating...

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    Muhith for publishing names of loan defaulters

    Staff Correspondent | Updated at 08:50pm on April 11, 2018

    Finance minister Abul Maal Abdul Muhith on Wednesday told parliament that loan defaulters were causing dangerous harm to the country and the government would make...

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