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Banks to cut tax on interest against foreign currency deposits
Staff Correspondent | Updated at 12:00am on July 10, 2019
Bangladesh Bank on Tuesday asked all the banks to deduct applicable taxes on the interest that were generated from the deposits in the non-resident foreign...
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BB to seek HC nod for crisis-hit PLFS’ wind-up
Staff Correspondent | Updated at 12:00am on July 10, 2019
Bangladesh Bank has initiated a move to file a plea with the High Court for liquidation of People’s Leasing and Financial Services Limited due to...
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Axe falls on 18,000 Deutsche Bank jobs in $8.3b reinvention
Reuters . Frankfurt/Sydney/Hong Kong | Updated at 12:00am on July 09, 2019
Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) ‘reinvention’...
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StanChart group CFO Andy visits Bangladesh
Business Desk | Updated at 12:00am on July 09, 2019
Standard Chartered Bank group chief financial officer Andy Halford has visited Dhaka, for his second official visit to Bangladesh recently, said a press release. During...
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Tarique becomes president and MD of AB Bank
Business Desk | Updated at 12:00am on July 09, 2019
Tarique Afzal has been appointed as the president and managing director of AB Bank recently, said a press release. Prior to his appointment, he was...
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Akram, Selim become Mercantile Bank vice-chair
Business Desk | Updated at 12:00am on July 08, 2019
Akram Hossain (Humayun) and Mohd Selim have been elected as vice-chairmen and Shahidul Ahsan as the executive committee chairman of Mercantile Bank recently, said...
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Erdogan says Turkish cenbank chief ousted for refusing rate cuts: report
Reuters . Ankara | Updated at 12:00am on July 08, 2019
Turkish president Tayyip Erdogan sacked the central bank governor for refusing the government’s repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as...
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China & Gulf expansion to boost Trade Bank of Iraq’s revenues: chairman
Reuters . Abu Dhabi | Updated at 12:00am on July 08, 2019
State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to...
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PNB says detects 38b rupee fraud
Reuters . Mumbai | Updated at 12:00am on July 08, 2019
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power &...
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India’s cautious budget puts onus on central bank to spur growth
Reuters . New Delhi | Updated at 12:21am on July 07, 2019
The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging...
Tuesday, January 19, 2021
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