Banking

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    PNB posts bigger-than-expected loss on fraud-related provisions

    Reuters | Updated at 12:00am on November 03, 2018

    Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account for a massive fraud, potentially...

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    Gold jumps 2 per cent as dollar falls

    Reuters . Bengaluru | Updated at 12:00am on November 03, 2018

    Gold rose nearly 2 per cent on Thursday, bouncing off a three-week low touched in the previous session as the dollar fell sharply from recent...

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    Mastercard lodged US protest over Modi’s promotion of Indian card network

    Reuters | Updated at 12:00am on November 03, 2018

    Mastercard told the United States government in June that Indian prime minister Narendra Modi was using nationalism to promote the use of domestic payments network...

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    Indian rupee rises most in 5yrs

    Reuters . Mumbai | Updated at 12:00am on November 03, 2018

    The Indian rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as...

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    Most of listed banks report profit fall in Jan-Sept

    Mostafizur Rahman | Updated at 12:00am on November 03, 2018

    Most of the banks listed with the stock exchanges registered a profit fall in the January-September period of this year compared with that in the...

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    A tough road ahead for India’s battered rupee: poll

    Reuters . Bengaluru | Updated at 12:00am on November 02, 2018

    There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political...

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    Joaddar appointed StanChart B’desh country CFO

    Business Desk | Updated at 12:00am on November 02, 2018

    Md Abdul Kader Joaddar has been appointed as country chief financial officer of Standard Chartered Bangladesh, becoming a member of the bank’s country management team...

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    Indian govt stresses RBI has autonomy as markets tumble

    Reuters . New Delhi/Mumbai | Updated at 12:00am on November 01, 2018

    The government stressed on Wednesday that the autonomy of the Reserve Bank of India (RBI) is ‘essential’ as it sought to calm investors worried about...

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    One Bank launches OK wallet service

    Staff Correspondent | Updated at 01:58am on October 31, 2018

    One Bank Limited (OBL) on Tuesday launched OK wallet service to make mobile financial service proposition fast, more secure and more convenient for the bank’s...

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    BRAC Bank aims high with agent banking

    Staff Correspondent | Updated at 01:52am on October 31, 2018

    BRAC Bank Limited aims high as it wants to bring villages across the country under its banking network in next five years with the agent...

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