Banking

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    Import payments drop by 4.19pc in Oct

    Staff Correspondent | Updated at 11:59pm on November 24, 2016

    The country’s import payments registered a 4.19-per cent negative growth in October against an 11.10-per cent growth in the corresponding month a year ago. According...

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    BB reserve theft 6 RCBC officials charged

    Business Desk | Updated at 11:57pm on November 22, 2016

    The Anti-Money Laundering Council (AMLC) of Philippines has filed charges against the former treasurer and 5 other officers and employees of listed Rizal Commercial Banking...

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    BB warns 9 new banks against rising defaulted loans

    Staff Correspondent | Updated at 11:26pm on November 21, 2016

    Bangladesh Bank on Monday warned nine new commercial banks against rising defaulted loans at the banks and asked them (banks) to speed up the recovery...

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    5 ways Indians are dodging ‘black money’ crackdown

    Agence France-Presse. New Delhi | Updated at 11:44pm on November 20, 2016

    From deploying ‘cash coolies’ to buying Rolex watches, Indians have found unique ways to dodge the government’s surprise move to withdraw high value bills in...

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    BB meets 9 new banks today as defaulted loans rise further

    Staff Correspondent | Updated at 11:39pm on November 20, 2016

    Bangladesh Bank will hold today a meeting with nine new commercial banks as their defaulted loans increased significantly in recent months...

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    Taka weakening against dollar on import rise, poor remittance

    Staff Correspondent | Updated at 11:42pm on November 19, 2016

    The US dollar has appreciated against Bangladeshi currency taka over the last few weeks as the country’s import demand picked up remarkably in the first...

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    India’s rural millions pay price of cash ban

    Agence France-Presse . Bulandshahr, India | Updated at 10:52pm on November 18, 2016

    Indian farmer Zakir Khan should be sowing his winter crops now. Instead he is stuck at home after the government’s shock move to pull high-value...

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    Banks unwilling to open street children accounts

    Staff Correspondent | Updated at 10:47pm on November 18, 2016

    The country’s scheduled banks are reluctant to extend their services to street children and child workers as they (banks) opened only 3,465 accounts for them...

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    Five Rs2,000 notes offered for Rs1.5 lakh on eBay

    Business Desk | Updated at 01:16am on November 18, 2016

    A series of five Rs 2,000 notes starting with the number 786, were being offered by a seller on eBay India, an online marketplace, for...

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    Banks, NBFIs keep Dhaka stocks up for 2nd day

    Staff Correspondent | Updated at 11:45pm on November 16, 2016

    Dhaka stocks rose for the second trading session on Wednesday amid investors’ special focus on bank and financial scrips....

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