Banking

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    AIBL gets new DMDs

    Business Desk | Updated at 10:37pm on February 11, 2021

    Muhammed Nadim, Abed Ahmed Khan and Md Abdullah Al Mamun have recently been promoted to the rank of deputy managing director of Al-Arafah Islami Bank...

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    11 banks’ provision shortfall Tk 7,146cr in Oct-Dec

    Staff Correspondent | Updated at 11:46pm on February 10, 2021

    Eleven banks suffered Tk 7,146.24 crore in provision shortfalls in the October-December period of the year 2020 despite the central bank’s embargo on downgrading loans amid...

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    Export proceeds repatriation thru MFS allowed

    Staff Correspondent | Updated at 11:44pm on February 10, 2021

    The Bangladesh Bank on Wednesday allowed mobile financial service operators such as bKash, Nagad, Rocket and others MFS licensees by the Bangladesh Bank to repatriate...

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    Biden team shelves plan to force TikTok sale: report

    Agence France-Presse . Washington | Updated at 11:39pm on February 10, 2021

    A plan to force the sale of TikTok to American investors has been put on hold as the administration of President Joe Biden reviews the...

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    Mercantile Bank to remain shut in Feb 17-21

    | Updated at 11:38pm on February 10, 2021

    All kinds of banking services of Mercantile Bank Limited will remain suspended for five days from February 17 to February 21 due to the shifting...

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    802nd EC meeting of SJIBL held

    | Updated at 11:35pm on February 10, 2021

    The 802nd meeting of the executive committee of Shahjalal Islami Bank Limited was held recently at the bank’s corporate head office by maintaining proper hygiene...

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    Premier Bank, AMZ Hospital sign MoU

    Staff Correspondent | Updated at 09:37pm on February 10, 2021

    Premier Bank credit and debit card holders are going to get upto 25 per cent discount at AMZ Hospital Limited. The entities have recently signed...

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    BB allows IT-enabled services’ export proceeds repatriation through MFS

    Staff Correspondent | Updated at 03:03pm on February 10, 2021

    Bangladesh Bank on Wednesday allowed mobile financial service operators, such as bKash, Rocket, Nagad and others MFS licensees by Bangladesh Bank, to repatriate export proceeds...

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    Loan release thru agent banking surges in Oct-Dec

    Staff Correspondent | Updated at 11:54pm on February 09, 2021

    Loan disbursement through the banks’ agent banking wings increased by 525.07 per cent or Tk 770.8 crore year-on-year in the OctoberDecember period of 2020 as...

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    Defaulted loans decline to Tk 88,283 crore in Dec

    Staff Correspondent | Updated at 11:53pm on February 09, 2021

    The amount of defaulted loans in the country’s banking sector dropped to Tk 88,283 crore at the end of December 2020 due mainly to a Bangladesh...

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