Banking

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    India central bank projects growth at 7-yr low, pauses rate cuts

    Reuters . Mumbai | Updated at 12:00am on December 06, 2019

    The Reserve Bank of India kept its key lending rate on hold in a shock decision on Thursday, while sharply revising its forecast for the...

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    Proposed Bengal, Citizens banks fail to raise Tk 500cr paid up capital

    Staff Correspondent | Updated at 12:00am on December 06, 2019

    Bangladesh Bank has granted two more months to the proposed Bengal Commercial Bank and Citizens Bank for fulfilling regulatory requirements for getting licences as the...

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    Nagad keen on MFS interoperability without taking BB’s licence

    HM Murtuza | Updated at 02:00am on December 05, 2019

    Mobile financial service operator Nagad wants to be connected with the interoperability service, expected to be launched by the Bangladesh Bank in January, without taking...

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    Bullet payment eased for import of industrial raw materials

    Staff Correspondent | Updated at 01:58am on December 05, 2019

    The Bangladesh Bank on Wednesday relaxed the bullet payment provision for import of industrial raw materials amid a fall in the country’s export earnings. A...

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    Ataur becomes Rupali Bank DMD

    Business Desk | Updated at 12:00am on December 04, 2019

    Khandaker Ataur Rahman has been appointed the deputy managing director of Rupali Bank by the government, said a press release. A circular in this regard...

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    Banking booth to act as sub-branch of banks

    Staff Correspondent | Updated at 12:00am on December 04, 2019

    The Bangladesh Bank on Tuesday allowed the ‘banking booth’ of scheduled banks to act as a sub-branch, keeping the functions of a bank’s such installations...

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    Committee to assess sector before making proposals

    HM Murtuza | Updated at 12:00am on December 04, 2019

    The seven-member committee on single-digit lending and deposit rates implementation at its first meeting on Tuesday decided to assess the money market situation before devising...

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    BB issues gold dealer registration to 17 entities, 1 bank

    Staff Correspondent | Updated at 12:00am on December 03, 2019

    The Bangladesh Bank has awarded gold dealer registrations to 18 entities including one bank, Modhumoti Bank, to import gold bars directly from international market, especially...

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    Bangladesh Bank hikes MFS cash-in limit for remittance receivers

    Staff Correspondent | Updated at 12:00am on December 03, 2019

    The Bangladesh Bank on Monday raised the cash-in limit of mobile financial service (MFS) for inward remittances. Remittance up to Tk 1.25 lakh, including 2...

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    Asakawa elected ADB president

    Staff Correspondent | Updated at 12:43pm on December 02, 2019

    Masatsugu Asakawa has been elected president of the Asian Development Bank by its board of governors. The ADB said on Monday that Asakawa, a former...

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