Banking

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    RCBC declines to pay BB damages for $81m stolen fund

    Business Desk | Updated at 10:16pm on November 29, 2016

    Philippines’ bank RCBC, which is linked to the Bangladesh Bank reserve theft, has declined to pay any compensation to the BB as Philippine president Rodrigo...

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    Banks still reluctant to appoint female staff

    AKM Zamir Uddin | Updated at 10:44pm on November 28, 2016

    Percentage of female staff in the country’s banking sector inched up in last year but the rate is still very low as most of the...

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    BB eyes $30m more from PH in 2-3 months

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 01:27am on November 27, 2016

    Bangladesh Bank expects to get back US$30 million more of its heisted reserve from the Philippines within the next two to three months. ‘Bangladesh has...

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    Bangladesh Bank expects to get back $30m heist money in two to three months

    Bangladesh Sangbad Sangstha | Updated at 07:20pm on November 26, 2016

    Bangladesh Bank expects to get back US$30 million more of its heisted reserve from the Philippines within the next two to three months...

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    India stops over-the-counter exchange of old bank notes

    Agence France-Presse . New Delhi | Updated at 11:44pm on November 25, 2016

    India Thursday stopped the over-the-counter exchange of old bills as the government faced growing criticism of its shock move to withdraw all high-denomination banknotes in...

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    Only Tk 193cr deposited in 89.33 lakh farmer accounts

    Staff Correspondent | Updated at 11:35pm on November 25, 2016

    The total deposits in the 89.33 lakh farmer accounts opened with Tk 10 initial deposit with the scheduled banks stood at only Tk 192.93 crore...

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    IFC for more women entrepreneurs accessing banking loans

    Staff Correspondent | Updated at 12:05am on November 25, 2016

    The International Finance Corporation in a study recommended bringing more women entrepreneurs under the coverage of financial services to ensure inclusive economic growth in Bangladesh...

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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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