Banking

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    FDI drops by 8.42pc in 2017

    Staff Correspondent | Updated at 10:59pm on April 19, 2018

    Net inflows of foreign direct investment in the country declined by 8.42 per cent to $2.15 billion in 2017 from $2.33 billion a year ago,...

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    Sahid becomes Republic Insurance CEO

    Business Desk | Updated at 10:18pm on April 19, 2018

    Sahid-ul-Hasan has joined as chief executive officer of Republic Insurance Company Limited (RICL), said a press release....

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    50pc of public funds can be deposited in pvt banks and NBFIs, BB notifies them

    Staff Correspondent | Updated at 12:05am on April 19, 2018

    Bangladesh Bank has instructed all the banks to comply with a finance ministry notification on pulling deposit from government, semi-government and autonomous entities’ by the...

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    BB asks BIAC, ABB to draft guidelines to realise NPL

    Staff Correspondent | Updated at 12:05am on April 19, 2018

    The Bangladesh Bank has asked the Bangladesh International Arbitration Centre and the Association of Bankers Bangladesh to draft guidelines for realisation of non-performing loans (NPL),...

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    Farm loan growth slows to 2.55pc in 9 months

    Staff Correspondent | Updated at 12:05am on April 18, 2018

    Disbursement of farm loan has increased by only 2.55 per cent during the July-March period of the current 2017-2018 fiscal year. It was 23.39 per...

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    CPD terms banking sector orphan

    Staff Correspondent | Updated at 12:05am on April 18, 2018

    Centre for Policy Dialogue on Tuesday termed the country’s crippled banking sector an orphan and suspected that a huge amount of money was being laundered...

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    Arastoo resigns from Islami Bank

    Staff Correspondent | Updated at 07:20pm on April 17, 2018

    Arastoo Khan on Tuesday tendered his resignation to bring an abrupt end to the more than one year stint as chairman of the Islami Bank...

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    BB eyes settlement in US cyber heist suit ahead of its own case

    Reuters . New York/Dhaka | Updated at 12:05am on April 17, 2018

    An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank’s...

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    MTB launches student banking products

    Staff correspondent | Updated at 11:40pm on April 15, 2018

    Mutual Trust Bank Limited on Sunday launched a number of deposit and credit products focusing on students....

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    BB eases use of ERQ for import payments

    Staff Correspondent | Updated at 12:11am on April 16, 2018

    Bangladesh Bank on Sunday said the exporters would be allowed to pay the import payments of their subsidiaries or sister concerns from their export retention...

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