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    Sharp rise in public bank bad loans

    Shakhawat Hossain      | Updated at 12:00am on July 16, 2019

    Bad loan in half a dozen state-owned banks including scam hit Sonali, Janata and BASIC increased by 5,182 crore in January-March period as the recovery...

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    DHFL says working with creditors to avoid haircut

    Reuters . Bengaluru | Updated at 12:00am on July 16, 2019

    Crisis-hit property finance firm Dewan Housing Finance Corp Ltd (DHFL) said on Monday it was working closely with its creditors and stakeholders on a resolution...

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    BFIU bars banks, NBFIs from transactions with PLFS

    Staff Correspondent | Updated at 12:00am on July 16, 2019

    Bangladesh Financial Intelligence Unit on Monday instructed all the banks and non-bank financial institutions not to conduct any transaction with the crisis-hit People’s Leasing and...

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    BB finds irregularities in sanctioning Tk 400cr in loans by IBBL

    HM Murtuza | Updated at 12:00am on July 16, 2019

    A Bangladesh Bank investigation has found irregularities in sanctioning loans worth Tk 400 crore by Islami Bank Bangladesh Limited (IBBL) to an entity and one individual...

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    AIIB approves membership of 3 African countries

    Xinhua . Luxembourg | Updated at 10:44pm on July 14, 2019

    The China-initiated Asian Infrastructure Investment Bank (AIIB) on Saturday approved the membership of Benin, Djibouti and Rwanda, bringing AIIB’s total approved membership to 100. The...

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    India’s Allahabad Bank reports $259m fraud by power co

    Reuters . New Delhi | Updated at 12:00am on July 15, 2019

    The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd...

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    WB orders Pakistan pay $6b to foreign minning co

    Reuters . Islamabad | Updated at 12:00am on July 15, 2019

    Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government...

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    ONE Bank celebrates 20th founding anniversary

    Business Desk | Updated at 12:00am on July 15, 2019

    ONE Bank Limited officials celebrated the bank’s 20th founding anniversary at its corporate head office in Dhaka on Sunday, said a press release.  Bank’s managing...

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    FB’s Libra currency under fire

    Agence France-Presse . London | Updated at 12:00am on July 15, 2019

    Facebook’s planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as...

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    HC bars 11 former PLFS directors, officials from fund withdrawal

    HM Murtuza | Updated at 12:00am on July 15, 2019

    The High Court on Sunday issued an injunction preventing withdrawal of money by eleven individuals — nine former People’s Leasing and Financial Services Limited (PLFS)...