Banking

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    Muhith hints at merger of local banks

    Staff Correspondent | Updated at 11:37pm on December 21, 2016

    Finance minister AMA Muhith on Wednesday hinted at merger of local commercial banks saying the number of banks was a bit higher...

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    No MFS licence for telcos: BB

    Staff Correspondent | Updated at 11:49pm on December 19, 2016

    Bangladesh Bank on Monday said it would not allow mobile phone operators to run mobile financial services as the central bank follows a bank-led model...

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    BB chief warns against money-laundering thru mobile banking

    United News of Bangladesh | Updated at 07:49pm on December 19, 2016

    Bangladesh Bank governor Fazle Kabir on Monday warned that mobile banking might become one of the biggest laundering methods in the digital world if it...

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    Mobile banking helps financial inclusion of poor: speakers

    Staff Correspondent | Updated at 11:53pm on December 18, 2016

    Rural household can have access to financial institutions through mobile banking that will help them improve their consumptions and savings, said speakers at a seminar...

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    Venezuela cash crisis sparks looting

    Agence France-Presse . Caracas | Updated at 10:09pm on December 17, 2016

    Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash — the latest shortage...

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    2 RBI staff arrested for Rs 1.99cr note exchange

    Business Desk | Updated at 10:05pm on December 17, 2016

    The Central Bureau of Investigation has arrested two employees of cash department of Reserve Bank of India in Bengaluru in connection with alleged conversion of...

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    Job cuts announced by Europe banks tumble in 2016

    Reuters . London | Updated at 09:53pm on December 15, 2016

    Job cuts announced by European banks have tumbled in 2016, as they work through a backlog of layoffs unveiled in previous years and struggle to...

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    NRBs allowed to take loans against bond investment

    Staff Correspondent | Updated at 09:51pm on December 15, 2016

    The expatriate Bangladeshis will be allowed to take loans from banks against their investment in Wage Earner Development Bond, US Dollar Investment Bond and US...

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    Lafarge Surma to take $77m in loan to buy Holcim

    Staff Correspondent | Updated at 09:48pm on December 15, 2016

    Lafarge Surma Cement Limited (LSC), a listed company, will take around US$ 77 million in loans to purchase full shares of Holcim Cement (Bangladesh) Limited...

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    HSBC recognises ‘good borrowers’ with interest rebate

    Staff Correspondent | Updated at 01:56am on December 15, 2016

    The Hongkong and Shanghai Banking Corporation Ltd in Bangladesh has started recognising its ‘good borrowers’ for the year 2015 by giving them 10 per cent...

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