Banking

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    BB asks 30 banks to reduce defaulted loans by Dec 31

    Staff Correspondent | Updated at 02:27am on December 13, 2016

    Bangladesh Bank has asked 30 scheduled banks to take initiative to reduce their defaulted loans by December 31 as their non-performing loans increased significantly in...

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    Central banks taking ‘back seat’ in crisis response: BIS

    Agence France-Presse . Zurich | Updated at 10:51pm on December 11, 2016

    In the aftermath of this quarter’s market rattling events, such as Donald Trump’s election win, central banks ‘took a back seat’, the Bank of International...

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    Half of branches of 9 new banks loss-making

    AKM Zamir Uddin | Updated at 10:40pm on December 11, 2016

    Almost half of the 294 branches of nine newly-established scheduled banks are loss-making as the defaulted loans at the banks continue rising...

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    Banks cut rate to 10.03pc in Oct

    Staff Correspondent | Updated at 10:11pm on December 09, 2016

    Scheduled banks cut their rates of interest on lending further in October, the 22th month in a row, against the backdrop of the businesses’ persistent...

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    9 banks face Tk 16,402cr in capital shortfall

    AKM Zamir Uddin | Updated at 10:58pm on December 08, 2016

    Nine scheduled banks, burdened with huge amounts of defaulted loans, faced an aggregate capital shortfall of Tk 16,402 crore as of September 30 this year...

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    India cuts growth forecast as demonetisation bites

    Press Trust of India . Mumbai | Updated at 10:34pm on December 07, 2016

    The Reserve Bank of India on Tuesday cut the economy’s expansion forecast for current fiscal to 7.1 per cent, from the earlier 7.6 per cent,...

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    Banks spend Tk 527cr in the name of CSR in 2015

    AKM Zamir Uddin | Updated at 10:44pm on December 05, 2016

    Country’s banks have shown a combined expenditure of Tk 527.81 crore for 2015 in the name of corporate social responsibility programmes against Tk 510.55 crore...

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    Euro wobbles after Italian referendum

    BBC | Updated at 11:22am on December 05, 2016

    The euro fell sharply against the dollar after Italian prime minister Matteo Renzi suffered a heavy defeat in Sunday's...

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    BB asks banks to set up sustainable finance depts

    Staff Correspondent | Updated at 11:36pm on December 04, 2016

    Bangladesh Bank has asked scheduled banks and non-bank financial institutions to set up sustainable finance departments to speed up their environment-friendly banking and strengthening the...

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    Cyber heist probe report won’t be shared with anyone: Muhith

    Staff Correspondent | Updated at 04:07pm on December 04, 2016

    The minister for finance AMA Muhith on Sunday said the probe on Bangladesh Bank reserve heist was an internal report and would not be given...

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