Banking

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    Interest rebates for good borrowers go

    Staff Correspondent | Updated at 10:56pm on June 18, 2020

    The Bangladesh Bank on Thursday scrapped the 10-per cent interest rebate for the good borrowers, reasoning that the country’s banks implemented 9 per cent interest...

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    Visa to open country liaison office in Bangladesh

    Staff Correspondent | Updated at 06:35pm on June 18, 2020

    Global payments technology company Visa unveiled its plans to establish a country liaison office in Dhaka, Bangladesh on Wednesday, said a press release. The new...

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    Prime Bank, BASIS join hands to finance ICT entrepreneurs

    Business Desk | Updated at 11:03pm on June 17, 2020

    Prime Bank and the Bangladesh Association of Software and Information Services has joined hands to facilitate financing for ICT entrepreneurs, said a press release. The...

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    Increased excise duty on deposits to fuel liquidity crisis in banks

    HM Murtuza | Updated at 10:48pm on June 17, 2020

    The Bangladesh Association of Banks has demanded the scrapping of the proposed hike in taxes on the bank balance above Tk 10 lakh as the...

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    Ensure CSR support for COVID-19 treatment

    Staff Correspondent | Updated at 10:41pm on June 17, 2020

    The Bangladesh Bank on Wednesday instructed banks to provide essential medical equipment for the treatment of coronavirus-infected patients and protective materials to the doctors, nurses,...

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    Bangladesh Bank blames banks’ misrepresentation of trade policy amid FDI fall

    Staff Correspondent | Updated at 10:39pm on June 17, 2020

    The Bangladesh Bank on Wednesday blamed authorised dealer banks for misrepresenting the country’s trade policy and putting Bangladesh’s economy at stake even after adoption of...

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    Banks allowed to issue int’l debit cards

    Staff Correspondent | Updated at 10:26pm on June 16, 2020

    The Bangladesh Bank on Tuesday allowed banks to issue international debit cards in favour of eligible persons against their annual travel entitlements. A BB circular...

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    Bank officials dissatisfied as owners’ assoc suggests 15pc salary cut

    HM Murtuza | Updated at 10:24pm on June 16, 2020

    Bank officials are dissatisfied with the latest Bangladesh Association of Banks’ move suggesting the country’s private banks to cut salaries of their staff, which has...

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    Banks’ borrowing thru REPO rises 44 times

    HM Murtuza | Updated at 10:36pm on June 15, 2020

    Banks’ lending from the Bangladesh Bank through REPO (repurchase agreement) has increased more than 44 times in the last three months (March-May) amid the coronavirus...

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    Borrowers get more relief in repayment till Sept

    Staff Correspondent | Updated at 10:25pm on June 15, 2020

    The Bangladesh Bank on Monday asked the country’s banks not to change classification of loans till September 30 this year for the borrowers’ failure to...

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