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Pvt sector credit growth inches down in Jan
Staff Correspondent | Updated at 10:01pm on February 28, 2021
Private sector credit growth dropped marginally in January after a slight recovery in the previous month as businesses still observed caution about making fresh investments....
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Tk 65,622cr injected into economy till Jan
HM Murtuza | Updated at 10:00pm on February 28, 2021
Injection of money in the form of loans into the country’s economy reached Tk 65,622 crore at the end of January of 2021 under 10 stimulus...
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Premier Bank, SKS Foundation sign MoU
Staff Correspondent | Updated at 04:55pm on February 28, 2021
The Premier Bank Limited and SKS Foundation signed a memorandum of understanding for providing agriculture loan, said a press release issued on Sunday. The loan...
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Women fight for funding in man’s world of tech startups
Agence France-Presse . San Francisco | Updated at 10:01am on February 28, 2021
Lauren Foundos has excelled at just about everything she has put her mind to, from college sports and Wall Street trading to her Forte startup...
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Thirteen banks suffer negative credit growth in 2020
| Updated at 10:25pm on February 27, 2021
Thirteen banks faced negative credit growth year-on-year as of December 2020 amid a plunge in demand following the coronavirus outbreak which caused businesses to refrain...
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BRAC Bank offers exclusive home loan at 37 developers
Business Desk | Updated at 11:19pm on February 26, 2021
BRAC Bank is offering exclusive home loans at a special interest rate of 8.5 per cent and a processing fee of only 1 per cent...
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BB mulling incentive against small-value remittance
Staff Correspondent | Updated at 11:11pm on February 26, 2021
The Bangladesh Bank has started an analysis into the possibility of issuing incentive to small-value remitters by reducing the cost of sending money home from...
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Govt probing allegation of demanding bribes against IDRA chair
Staff Correspondent | Updated at 10:42pm on February 25, 2021
The government has formed a committee to investigate an allegation of demanding bribes against Insurance Development and Regulatory Authority chairman M Mosharraf Hossain. On December...
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BB signs deals with 14 banks, financial institutions
Bangladesh Sangbad Sangstha . Dhaka | Updated at 07:21pm on February 25, 2021
Bangladesh Bank on Thursday signed participation agreements with nine banks and five financial institutions to enhance competitive capacity and sustainability of the export oriented industries....
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Sri Lanka seeks $2.2 bn from China amid shrinking reserves
Agence France-Presse. Colombo | Updated at 07:03pm on February 25, 2021
Sri Lanka is seeking $2.2 billion from Chinese banks, the government said Thursday, in echoes of a borrowing binge more than a decade ago that...