Banking

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    BB allows more taka slide as exports drop

    Staff Correspondent | Updated at 12:00am on November 29, 2019

    The Bangladesh Bank has allowed further devaluation of the taka against the US dollar with the interbank exchange rate of the greenback increasing to Tk 84.90...

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    Banks suffer Tk 8,129cr provision shortfall till Q3

    HM Murtuza | Updated at 12:00am on November 29, 2019

    Country’s banking sector witnessed provision shortfall of Tk 8,129.48 crore at the end of September amid growing volume of defaulted loans in banks. Although the Bangladesh...

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    Default loans hit Tk 1,16,288cr

    HM Murtuza | Updated at 01:02am on November 28, 2019

    Banks’ defaulted loans swelled to Tk 1,16,288 crore, end September from Tk 1,12,425 crore in June as the special loan rescheduling policy encouraged borrowers to...

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    Only 20pc of banks issue loans to new sectors

    Staff Correspondent | Updated at 12:00am on November 28, 2019

    Only 20 per cent of the country’s banks disbursed loans to new sectors or industries in the year 2018 whereas 80 per cent of the...

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    Bank of England hits Citigroup with biggest fine to date

    Reuters . London | Updated at 12:00am on November 27, 2019

    The Bank of England fined Citigroup 43.9 million pounds ($56.3 million) on Tuesday, saying the US banking group’s British operations failed to provide it with...

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    Europe must wean itself off global payment card schemes, ECB says

    Reuters . Brussels | Updated at 12:00am on November 27, 2019

    A European Central Bank board member has said Europe must overcome its reliance on international payment providers — but that it was not the central...

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    Formation of asset mgmt cos planned to recover bad loan

    Staff Correspondent | Updated at 12:00am on November 27, 2019

    Financial Institutions Division secretary Ashadul Islam on Tuesday said that the government had taken an initiative to establish asset management companies with the aim to...

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    Sri Lanka cenbank chief says he will step down on Dec 20

    Reuters | Updated at 12:00am on November 26, 2019

    Sri Lanka’s central bank chief Indrajith Coomaraswamy said on Monday he was resigning and would step down on December 20, citing personal reasons and the...

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    China central bank warns of high financial risks

    Reuters . Beijing | Updated at 12:00am on November 26, 2019

    China needed to resolve outstanding financial risks, and must counter risks from ‘abnormal’ market fluctuations that stem from external shocks, said the central bank on...

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    ADB lends $150m for skill dev in Bangladesh

    United News of Bangladesh . Dhaka | Updated at 12:00am on November 26, 2019

    The Asian Development Bank and the Bangladesh government on Monday signed a loan agreement of $150 million to continue to support sector-focused job-ready skill trainings....

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