Banking

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    Foreign affiliated entities allowed to remit profits without prior nod from BB

    Staff Correspondent | Updated at 12:00am on September 21, 2019

    All the entities affiliated with foreign companies and firms would be allowed to remit profits abroad without taking any prior approval from Bangladesh Bank. The...

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    Fed cuts interest rates, signals holding pattern for now

    Reuters . Washington | Updated at 12:00am on September 20, 2019

    The US Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signalled a higher bar to further reductions...

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    Mokammel appointed MTB independent director

    Business Desk | Updated at 12:00am on September 20, 2019

    M Mokammel Haque has recently been appointed as an independent director of Mutual Trust Bank Limited (MTB), said a press release. Prior to joining MTB,...

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    Guidelines needed to promote supply chain financing: experts

    Staff Correspondent | Updated at 12:00am on September 20, 2019

    Formulation of integrated guidelines on supply chain financing could help build trust among banks and non-bank financial institutions in launching the financial product that would...

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    Agri loan release falls in July-Aug

    Staff Correspondent | Updated at 12:00am on September 20, 2019

    The farm loan disbursement by banks dropped by 5.75 per cent or Tk 120 crore year-on-year in July-August, the first two months of the current fiscal...

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    Mannan becomes Karmasangsthan Bank DMD

    Business Desk | Updated at 12:00am on September 19, 2019

    Md Abdul Mannan has been promoted as deputy managing director of Karmasangsthan Bank recently, said a press release. Prior to this appointment, he served as...

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    Nizam joins Agrani Bank as DMD

    Business Desk | Updated at 12:00am on September 19, 2019

    Nizam Uddin Chowdhury has joined state-owned Agrani Bank as deputy managing director recently, said a press release. Prior to his promotion as DMD, he served...

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    City Bank, SETS ink agreement

    Business Desk | Updated at 12:00am on September 19, 2019

    City Bank and Sundarban Express Transportation Systems (SETS) have inked an agreement recently, said a press release. The agreement has been signed to explore the...

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    Bangladesh Bank raises banks’ ADR

    Staff Correspondent | Updated at 12:00am on September 18, 2019

    Bangladesh Bank on Tuesday increased the mandatory advance deposit ratio by 1-1.5 percentage points for banks, giving them relief ahead of the deadline for implementing...

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    India’s current account under threat if oil surge continues: RBI

    Reuters . Mumbai | Updated at 12:00am on September 17, 2019

    India’s current account and fiscal deficit could take a hit if oil prices continue to rise after an attack on Saudi Arabian oil facilities over...

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