Banking

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    Changes in top management of 3 banks

    Staff Correspondent | Updated at 12:29am on August 21, 2019

    The government on Tuesday extended contracts of managing directors of three banks for three years. Financial Institutions Division issued a circular in this regard on...

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    Shahadat becomes Padma Bank DMD

    Business Desk | Updated at 12:00am on August 21, 2019

    Md Shahadat Hossain has joined Padma Bank as deputy managing director and chief operating officer (COO) recently, said a press release. Prior to his joining,...

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    China cuts lending rates with new benchmark, more cuts expected

    Reuters . Shanghai/Beijing | Updated at 12:00am on August 21, 2019

    China lowered its new lending reference rate slightly on Tuesday, as expected, as the central bank kicked off interest rate reforms designed to reduce corporate...

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    BB warns banks against excessive spending on meetings, car purchase

    Staff Correspondent | Updated at 12:00am on August 21, 2019

    Bangladesh Bank on Tuesday asked banks to refrain from making unnecessary expenses including purchase of luxurious cars, posh decoration at their branches and holding board...

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    RBI weighs linking some new bank loans to policy rate

    Reuters . Mumbai | Updated at 12:00am on August 20, 2019

    The Reserve Bank of India (RBI) is looking to get banks to link some new loans to its key policy rate or other external benchmarks,...

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    All NRBs can buy wage-earners bond

    Staff Correspondent | Updated at 12:00am on August 20, 2019

    All non-resident Bangladeshis, including businesspeople and professionals, are eligible to invest their earning and remittance in buying wage-earners development bond, said law ministry. Bangladesh Bank...

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    Banks must keep CRR, SLR against offshore unit exposures

    Staff Correspondent | Updated at 12:00am on August 20, 2019

    Bangladesh Bank on Monday made maintaining cash reserve ratio and statutory liquidity ratio compulsory for the banks against their exposure through offshore banking operations (OBO)....

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    NBFIs witness 32pc default loan increase in Jan-March

    HM Murtuza | Updated at 12:00am on August 19, 2019

    Defaulted loans in the non-bank financial sector increased 32.3 per cent or Tk 1,761 crore during the January-March quarter of the year 2019 amid massive...

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    SoftBank plans to lend up to $20b to employees to invest in new fund: WSJ

    Reuters | Updated at 12:00am on August 19, 2019

    Japan’s SoftBank Group Corp is planning to lend up to $20 billion to its employees, including chief executive Masayoshi Son, to buy stakes in its...

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    Rural bank branch percentage falls by 11.5 in 18 years

    Staff Correspondent | Updated at 12:00am on August 19, 2019

    Bank branches in rural areas as opposed to urban areas declined by 11.5 percentage points in the past 18 years despite the central bank’s initiatives...

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