Banking

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    Special audit in banks on bad loans soon: finance minister

    Staff Correspondent | Updated at 12:00am on February 07, 2019

    Finance minister AHM Mustafa Kamal on Wednesday said that a special audit would be launched in banks to probe information about the borrowers and their...

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    Banks’ capacity to write off loans enhanced

    Staff Correspondent | Updated at 12:00am on February 07, 2019

    Bangladesh Bank on Wednesday relaxed the loan write-off policy, enhancing banks’ authority for writing off bad loans without filing lawsuit for recovery.Banking Regulations and Policy...

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    Multiparty meet today over legal barriers to cutting bad loans

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

    Bangladesh Bank will hold a multiparty meeting today in presence of Law Commission officials to discuss the legal barriers to expediting recovery of bad loans...

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    BB to relax bank loan write-off policy

    HM Murtuza | Updated at 10:27pm on February 05, 2019

    Bangladesh Bank has initiated a move to review its loan write-off policy by extending banks’ capacity for writing off bad debts without filing any lawsuit.Banks...

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    Aus banks set for major shake-up from landmark inquiry

    Agence France-Presse . Sydney | Updated at 12:00am on February 04, 2019

    A major shake-up of Australia’s massively profitable banking sector is on the cards as a landmark inquiry into abuses in the financial services industry releases...

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    SWIFT says helping BB rebuild network after cyber heist

    Reuters . New Delhi | Updated at 12:00am on February 04, 2019

    International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used...

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    BB expects verdict on reserve heist in 3 years

    Staff Correspondent | Updated at 06:13pm on February 03, 2019

    The Bangladesh Bank filed case for the recovery of stolen money $ 66 million, out of the $ 81 million, in the Federal Court for...

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    Fed backs Bangladesh as cyber-heist lawsuit kicks off

    Reuters . New York | Updated at 01:06am on February 03, 2019

    The Federal Reserve will lend a hand to Bangladesh’s central bank as it sues to recoup losses from one of the world’s largest cyber heists,...

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    Janata bad loans up by Tk 2,868cr in 3 months

    Shakhawat Hossain | Updated at 12:24am on February 03, 2019

    The scam-hit Janata Bank has Tk 2,868.77 crore more added to its piles of defaulted loans in the past three months mainly due to the...

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    WB to raise support to Bangladesh, Kamal hopes

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on February 01, 2019

    Finance minister AHM Mustafa Kamal on Thursday hoped that the overall support of World Bank to Bangladesh, including granting of loans, would be enhanced in...

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