Banking

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    Govt set to create database of nat’l savings tools subscribers

    Jasim Uddin | Updated at 11:13pm on December 18, 2017

    The government is set to create a database of subscribers of national savings certificates to prevent misuse of the scope like investment beyond allowable limit...

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    ICAB gets new president, vice-presidents

    Business Desk | Updated at 11:04pm on December 17, 2017

    The Institute of Chartered Accountants of Bangladesh, the national professional accounting body, has elected Dewan Nurul Islam as president and Moddassar Ahmed Siddique, Mahmudul Hasan...

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    73pc bankers think impunity, lack of ethics raise financial crimes

    Staff Correspondent | Updated at 11:43pm on December 14, 2017

    The majority of bankers think lack of corporate ethics and exemplary punishment is the key cause of the increase of financial crimes in the country’s...

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    Central bank grills Farmers Bank’s MD

    M Ibrahim Ibne Towhid | Updated at 12:05am on December 14, 2017

    A Bangladesh Bank committee at a hearing on Wednesday questioned scam-hit Farmers Bank’s managing director AKM Shamim about unrelenting disbursement of loans by the private...

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    BB asks FIs to prepare code of conduct by Jan 31

    Staff Correspondent | Updated at 12:05am on December 13, 2017

    Bangladesh Bank on Tuesday asked all financial institutions to prepare their own guidelines following BB’s code of conduct within January 31 next year....

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    A party taking loan heavily from market, says Muhith

    Staff Correspondent | Updated at 12:05am on December 13, 2017

    Finance minister AMA Muhith on Tuesday said that a party was borrowing heavily from the market and buying banks...

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    Philippine bank accuses Bangladesh of heist 'cover-up'

    Reuters | Updated at 10:55am on December 12, 2017

    The Philippines bank through which $81 million stolen from Bangladesh's central bank was channeled in February 2016 has accused Dhaka's monetary authority of covering up...

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    NRBC Bank new chair blames BB guidelines

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

    The newly elected chairman of NRB Commercial Bank, Tomal SM Parvez, on Monday blamed ‘loopholes’ in the Bangladesh Bank’s guidelines for the irregularities in the...

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    BB summons Farmers Bank MD for hearing

    M Ibrahim Ibne Towhid | Updated at 11:31pm on December 11, 2017

    Bangladesh Bank has summoned scam-hit Farmers Bank’s managing director AKM Shamim to appear before the standing committee of the central bank on December 13 for...

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    Muhith says wants to ‘wipe out’ RCBC for BB’s reserve theft role

    Reuters . Dhaka | Updated at 12:05am on December 11, 2017

    Bangladesh’s finance minister said late on Saturday he wanted to ‘wipe out’ a Philippines bank that was used to channel $81 million stolen from the...

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