Banking

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    Bangladesh seeks addl $4.5b support from WB: Muhith

    Bangladesh Sangbad Sangstha . Bali | Updated at 12:00am on October 12, 2018

    Finance minister Abul Maal Abdul Muhith Thursday said Bangladesh has sought $4.5 billion additional fund from the World Bank under the ongoing Country Partnership Framework...

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    RBI sticking with plan to force payments cos to store data locally

    Reuters . New Delhi | Updated at 12:00am on October 12, 2018

    The Reserve Bank of India (RBI) will implement in full its directive that forces global payment companies to store data locally from this month, four...

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    Bangladesh Bank’s fresh guidelines for banks risk management

    Staff Correspondent | Updated at 12:05am on October 10, 2018

    Bangladesh Bank on Tuesday issued risk management guidelines afresh scrapping earlier one against the backdrop of the growing non-performing loans and increasing risk in the...

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    Era of bank secrecy ends as Swiss start sharing account data

    Reuters . Zurich | Updated at 03:25pm on October 07, 2018

    The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest centre for managing offshore wealth, began...

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    Janata seeks FID nod to raise deposit rate amid crisis

    Staff Correspondent | Updated at 12:00am on October 07, 2018

    State-owned Janata Bank, reeling from loans scams, has sought consent from the Financial Institutions Division for offering more than six per cent interest rate on...

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    Pakistan quickly needs bigger FX reserves: IMF

    Reuters . Islamabad | Updated at 12:05am on October 06, 2018

    The International Monetary Fund (IMF) warned on Friday that Pakistan needs to quickly secure ‘significant external financing’ to stave off a foreign currency crisis, though...

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    Deposit growth in farmers’ bank accounts paltry

    Staff Correspondent | Updated at 12:05am on October 06, 2018

    The number of farmers’ accounts opened with the country’s scheduled banks increased by 79,567 to 93.17 lakh in the January-June period of 2018 and the...

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    Dollar crawls up vs taka after staying put for 3 months

    Staff Correspondent | Updated at 12:05am on October 04, 2018

    The inter-bank exchange rate of the US dollar against the taka has started to inch up in last two days after remaining static for three...

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    Q1 remittance rises 13.75pc

    Staff Correspondent | Updated at 12:00am on October 03, 2018

    Remittance inflow to the country increased by 13.75 per cent in the first quarter of the current financial year 2018-2019 as non-resident Bangladeshis sent home...

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    Towhidul becomes SIBL AMD

    Business Desk | Updated at 12:00am on October 03, 2018

    Kazi Towhidul Alam joined as additional managing director of Social Islami Bank Limited on Monday, said a press release.

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