Banking

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    2 RBI staff arrested for Rs 1.99cr note exchange

    Business Desk | Updated at 10:05pm on December 17, 2016

    The Central Bureau of Investigation has arrested two employees of cash department of Reserve Bank of India in Bengaluru in connection with alleged conversion of...

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    Job cuts announced by Europe banks tumble in 2016

    Reuters . London | Updated at 09:53pm on December 15, 2016

    Job cuts announced by European banks have tumbled in 2016, as they work through a backlog of layoffs unveiled in previous years and struggle to...

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    NRBs allowed to take loans against bond investment

    Staff Correspondent | Updated at 09:51pm on December 15, 2016

    The expatriate Bangladeshis will be allowed to take loans from banks against their investment in Wage Earner Development Bond, US Dollar Investment Bond and US...

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    Lafarge Surma to take $77m in loan to buy Holcim

    Staff Correspondent | Updated at 09:48pm on December 15, 2016

    Lafarge Surma Cement Limited (LSC), a listed company, will take around US$ 77 million in loans to purchase full shares of Holcim Cement (Bangladesh) Limited...

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    HSBC recognises ‘good borrowers’ with interest rebate

    Staff Correspondent | Updated at 01:56am on December 15, 2016

    The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh has started recognising its ‘good borrowers’ for the year 2015 by giving them 10 per cent...

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    BB asks 30 banks to reduce defaulted loans by Dec 31

    Staff Correspondent | Updated at 02:27am on December 13, 2016

    Bangladesh Bank has asked 30 scheduled banks to take initiative to reduce their defaulted loans by December 31 as their non-performing loans increased significantly in...

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    Central banks taking ‘back seat’ in crisis response: BIS

    Agence France-Presse . Zurich | Updated at 10:51pm on December 11, 2016

    In the aftermath of this quarter’s market rattling events, such as Donald Trump’s election win, central banks ‘took a back seat’, the Bank of International...

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    Half of branches of 9 new banks loss-making

    AKM Zamir Uddin | Updated at 10:40pm on December 11, 2016

    Almost half of the 294 branches of nine newly-established scheduled banks are loss-making as the defaulted loans at the banks continue rising...

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    Banks cut rate to 10.03pc in Oct

    Staff Correspondent | Updated at 10:11pm on December 09, 2016

    Scheduled banks cut their rates of interest on lending further in October, the 22th month in a row, against the backdrop of the businesses’ persistent...

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    9 banks face Tk 16,402cr in capital shortfall

    AKM Zamir Uddin | Updated at 10:58pm on December 08, 2016

    Nine scheduled banks, burdened with huge amounts of defaulted loans, faced an aggregate capital shortfall of Tk 16,402 crore as of September 30 this year...

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