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    12 banks suffer Tk 9,469-cr provision shortfall in July-September

    Staff Correspondent | Updated at 10:59pm on December 01, 2020

    Twelve banks suffered Tk 9,469.03 crore in provision shortfall in the July-September quarter even after the issuance of a host of policy relaxations by the...

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    Country gets $2.09b in remittance in Nov

    Staff Correspondent | Updated at 10:54pm on December 01, 2020

    The country received $2.09 billion in remittance in November 2020, up 34.23 per cent or $532.51 million on $1.56 billion in the same month of...

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    NBR gets Tk 381.31cr in tax under spl scheme

    Jasim Uddin | Updated at 11:26pm on November 30, 2020

    A total of 3,220 individual taxpayers have so far legalised their undisclosed moveable and immovable properties, including land, building, cash, bank deposits and other financial...

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    BB’s policy relaxations cut NPLs to Tk 94,440cr at Sept-end

    Staff Correspondent | Updated at 11:23pm on November 30, 2020

    Defaulted loans in the country’s banking sector have dropped by Tk 1,676 crore in the July-September quarter of 2020 mainly due to the regulatory forbearance...

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    ONE Bank joins SWIFT’s GPI service

    Business Desk | Updated at 11:15pm on November 30, 2020

    ONE Bank became the first bank in Bangladesh to join SWIFT’s global payments innovation service by subscribing to it on November 29, said a press...

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    UCB Investment Ltd opens

    Staff Correspondent   | Updated at 04:27pm on November 30, 2020

    UCB Investment Limited, a subsidiary of United Commercial Bank Limited, was inaugurated at a Dhaka on Sunday, said a press release. Shibli Rubayat Ul Islam,...

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    Touhidul joins Standard Bank as AMD

    Business Desk | Updated at 10:05pm on November 29, 2020

    Md Touhidul Alam Khan joined Standard Bank as additional managing director on November 24, said a press release. Prior to joining the bank, he was...

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    Varosha elected JBCML chairman

    Business Desk | Updated at 10:04pm on November 29, 2020

    Md Sirajul Islam Varosha has been elected chairman of Jamuna Bank Capital Management Limited, a subsidiary of Jamuna Bank, for two years, said a press...

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    IFC invests $25m in Bank Asia to help COVID-hit businesses

    Business Desk | Updated at 10:02pm on November 29, 2020

    IFC, a member of the World Bank Group, is making a fresh investment in Bank Asia in an effort to provide liquidity to businesses hit...

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    IFC invests $25m for Bank Asia

    Staff Correspondent | Updated at 09:16pm on November 29, 2020

    The International Finance Corporation invested US $25 million for the World Bank Group in an effort to provide liquidity to businesses affected by the COVID-19...