Banking

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    6 banks fail to keep provision in ’16

    AKM Zamir Uddin | Updated at 09:56pm on February 26, 2017

    The overall shortfall in provision against general and defaulted loans in the banking sector increased by 27.70 per cent, or Tk 1,186.65 crore, to Tk...

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    India’s Q4 economic growth seen slowing to near 3-year low

    Reuters . Bengaluru | Updated at 10:38pm on February 24, 2017

    India’s economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following prime...

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    Farm loan release rises by 20.62pc in Jul-Jan

    Staff Correspondent | Updated at 01:15am on February 24, 2017

    Farm loan disbursement posted a 20.62-per cent growth in the July-January period of this fiscal year compared with that in the same period of last...

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    Cooperatives want BB nod to disburse agri, SME loans

    Staff Correspondent | Updated at 10:03pm on February 22, 2017

    The cooperative societies have sought permission to disburse farm and SME loans through participation agreements with scheduled banks as they are now facing huge liquidity...

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    BB to phase out magnetic strip-based bank cards

    AKM Zamir Uddin | Updated at 10:03pm on February 18, 2017

    Bangladesh Bank has taken initiative to phase out the use of magnetic strip in the credit and debit cards of scheduled banks to secure clients’...

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    Banks reluctant to open street children accounts

    Staff Correspondent | Updated at 10:27pm on February 17, 2017

    The country’s scheduled banks are still reluctant to extend their services to street children and child workers as they (banks) opened only 3,572 accounts for...

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    HSBC-IBA Business Case Competition launched

    Staff Correspondent | Updated at 10:35pm on February 15, 2017

    HSBC-IBA Business Case Competition 2017 was on Wednesday launched at a programme in Dhaka with an aim to provide a platform for the students to...

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    After HSBC, SBI closing branches

    AKM Zamir Uddin | Updated at 10:12pm on February 14, 2017

    State Bank of India has become the second foreign bank after HSBC that has taken a move to reduce the number of branches in Bangladesh...

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    Recovery of classified loans major challenge, says BB governor

    Bangladesh Sangbad Sangstha | Updated at 06:24pm on February 14, 2017

    Bangladesh Bank governor Fazle Kabir on Tuesday said recovery of the classified loan is the major challenge in the banking sector which is likely to...

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    Banks, NBFIs sign deal with BB to disburse JICA loans for RMG units

    Staff Correspondent | Updated at 11:09pm on February 13, 2017

    Bangladesh Bank on Monday signed participation agreements with 25 banks and 10 non-bank financial institutions to disburse a JICA fund amounting to Tk 268 crore...

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