Banking

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    John becomes ONE Bank DMD

    Business Desk | Updated at 12:00am on December 02, 2019

    John Sarkar has been promoted as deputy managing director of ONE Bank Limited, said a press release. Prior to the promotion, he served as the...

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    Remittance soars 22.5pc in July-Nov on incentive

    Staff Correspondent | Updated at 12:00am on December 02, 2019

    Remittance inflow rose by 22.54 per cent year-on-year in July-November of this fiscal year of 2019-2020 amid a sharp growth in remittance receipts in last...

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    Economic woes grow as private sector credit growth hits fresh 9-yr low

    HM Murtuza | Updated at 12:00am on December 02, 2019

    The private sector credit growth hit a fresh nine-year low of 10.04 per cent in October this fiscal year (2019-2020), reflecting a gloomy state of...

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    Single-digit lending rate still a far cry

    Shakhawat Hossain | Updated at 12:00am on December 01, 2019

    The government has fulfilled at least five demands from the private banks against the decision that they would implement single-digit lending rates but their commitment...

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    India’s Yes Bank seeks up to $2b in preferential new share issue

    Reuters | Updated at 12:00am on December 01, 2019

    India’s Yes Bank Ltd aims to raise up to $2 billion in a massive issue of new shares to institutional investors and wealth managers as...

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    Mahbub becomes MD, CEO of MTB

    Business Desk | Updated at 12:00am on December 01, 2019

    Syed Mahbubur Rahman has recently been appointed the managing director and CEO of Mutual Trust Bank Limited (MTB), said a press release. Prior to joining...

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    BoJ chief warns against fiscal complacency

    Reuters . Tokyo | Updated at 12:00am on November 30, 2019

    Bank of Japan governor Haruhiko Kuroda said on Friday that he saw no need to expand monetary stimulus now, underscoring the central bank’s preference to...

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    Wali Ullah becomes Sonali Bank DMD

    Business Desk | Updated at 12:00am on November 30, 2019

    Md Wali Ullah joined state-owned Sonali Bank as deputy managing director on Wednesday, said a press release. Prior to the joining, he served as head...

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    Tougher bank rules have not crimped lending: G20 watchdog

    Reuters . London | Updated at 12:00am on November 30, 2019

    Tougher bank capital requirements since the financial crisis had not crimped lending to small companies, a report from global regulators said on Friday. The findings...

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    NSC sales slump for 4th month

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

    The net sales of national savings certificates dropped for the fourth consecutive month in October because of tightening of sales process and hike in tax...

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