Banking

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    US Fed cuts interest rates for 3rd time this year

    Reuters . Washington | Updated at 12:00am on November 01, 2019

    The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain US growth despite a slowdown in other parts...

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    RBI orders probe into alleged data leak of 1.3m cards

    Reuters . New Delhi/ Mumbai | Updated at 12:00am on November 01, 2019

    The Reserve Bank of India (RBI) has asked banks to ensure customers’ debit and credit card data is secure and investigate reports that say data...

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    Bangladesh Bank cuts bank account maintenance fees

    Staff Correspondent | Updated at 12:00am on November 01, 2019

    The Bangladesh Bank on Thursday slashed the bank account maintenance fees for both savings and current accounts to increase deposit in banks and bring small...

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    Bank interest spread falls below 4pts for 1st time

    HM Murtuza | Updated at 12:00am on November 01, 2019

    The overall weighted average interest rate spread in the country’s banking sector fell below 4 percentage points for the first time in September amid a...

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    Deposits in banks rising as NSC sales fall

    HM Murtuza | Updated at 12:00am on October 31, 2019

    Deposit growth in the country’s banking sector improved a bit to 11.39 per cent year-on-year in August of the current fiscal year 2019-2020 after hovering...

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    Govt extends contract of BB dy governor Moniruzzaman

    Staff Correspondent | Updated at 12:00am on October 30, 2019

    The government has extended the contractual appointment of Bangladesh Bank deputy governor SM Moniruzzaman by nearly 13 months till December 31, 2020. The public administration...

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    Private sector loan growth hits fresh 9-yr low in Sept

    Staff Correspondent | Updated at 12:00am on October 30, 2019

    The private sector credit growth hit a fresh nine-year low in September this fiscal year (2019-2020) amid sluggish business activities in the country. In September,...

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    Akash DTH bill to pay by OK Wallet

    Staff Correspondent | Updated at 07:40pm on October 29, 2019

    Akash DTH, the country's first ever legal DTH service, has signed an agreement with ‘OK Wallet’, the mobile financing service of One Bank Limited. Under...

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    HSBC warns of restructuring pain ahead

    Reuters . Hong Kong/ London | Updated at 12:00am on October 29, 2019

    HSBC Holdings Plc dropped its 2020 profit target, reported a sharp fall in earnings and warned of a costly restructuring, as interim chief executive Noel...

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    Rahman becomes Southeast Bank AMD

    Business Desk | Updated at 12:00am on October 29, 2019

    Md Habibur Rahman has recently joined with Southeast Bank as additional managing director, said a press release. Prior to the joining, he was the deputy...

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