Eurozone growth slows: survey

Economic growth in the eurozone stumbled in September, a closely watched survey said Thursday, as supply chain bottlenecks, high prices and the spread of the coronavirus Delta variant hurt output.
23 September 2021, 18:00 PM

Nagad unblocks all but 8 accounts

Nagad yesterday said it unblocked all but eight accounts, including that of the chief executive officer of digital commerce company Sirajganj Shop, which were alleged to have been involved in a “scam”.
23 September 2021, 18:00 PM

Savings certificates still lucrative despite rate cut

By this time, it is known to many that the government has reduced the interest rate on savings certificate and wage earners bond for investments above Tk 15 lakh.
23 September 2021, 18:00 PM

Union Bank suspends 3 officials

Union Bank Limited has suspended three officials of its Gulshan branch over a liquidity shortage of Tk 19 crore in its vault.
23 September 2021, 18:00 PM

Bangladesh Bank finds discrepancy in Union Bank's vault

A branch of Union Bank Ltd has adjusted the shortage of funds in its vault through cheque, finds a Bangladesh Bank inspection.
23 September 2021, 07:48 AM

US Bank inks $8b deal to buy MUFG’s retail banking business

US Bank announced an $8 billion deal on Tuesday to buy the US retail activities of Japan’s Mitsubishi UFJ Financial Group (MUFG).
22 September 2021, 18:00 PM

HSBC, British Council to provide English, IT lessons to 2,400 girls

The Hongkong and Shanghai Banking Corporation Limited (HSBC) and British Council virtually launched a new programme recently to provide English and IT lessons to 2,400 out-of-school girls in Bangladesh. 
22 September 2021, 18:00 PM

Sonali Bank tops govt performance scoring

State-owned Sonali Bank Limited secured top position among all government banks in implementing an annual performance agreement 2020-21 signed with the finance ministry’s Financial Institutions Division. 
21 September 2021, 18:00 PM

ADB embarks on $12b lending scheme

The Asian Development Bank has launched a new country partnership strategy (CPS) for Bangladesh with a plan to accelerate lending in order to boost competitiveness, employment, green growth and social protection.
21 September 2021, 18:00 PM

SBAC Bank chair steps down

SM Amjad Hossain, chairman of South Bangla Agriculture and Commerce Bank, has expressed his intention to resign, citing illness.
21 September 2021, 18:00 PM

Govt cuts interest rates on savings certificates

The government has reduced the interest rates on savings certificates and wage earners development bond by 1 to 3 per cent.
21 September 2021, 11:59 AM

SBAC Bank chairman Hossain steps down citing illness

SM Amjad Hossain, chairman of South Bangla Agriculture and Commerce Bank, has expressed his intention to resign, citing illness.
21 September 2021, 08:50 AM

BB unveils guideline on non-banking assets

The Bangladesh Bank yesterday unveiled a guideline on non-banking assets to allow lenders to deal with the properties put up as collateral after borrowers default. 
20 September 2021, 18:00 PM

Bangladesh Bank unveils guideline on non-banking assets

The Bangladesh Bank today unveiled a guideline on non-banking assets to allow lenders to deal with the properties put up as collateral after borrowers default.
20 September 2021, 12:33 PM

First Security Islami Bank to issue rights share

First Security Islami Bank has decided to increase its paid-up capital through issuing rights shares at a ratio of 1:2 meaning one right share for every two ordinary shares.
19 September 2021, 13:44 PM

HSBC teams up with IUB to assist students for overseas study

The HSBC has signed a memorandum of understanding (MOU) with Independent University, Bangladesh (IUB) to assist students planning for overseas education.
19 September 2021, 11:58 AM

Reappoint bankers sacked without specific charges: BB

Bangladesh Bank (BB) yesterday asked banks to reappoint bankers who were sacked without any specific and proven charges.
16 September 2021, 18:00 PM

NRB Bank fined for breaking stock investment rules

Bangladesh Bank yesterday fined NRB Bank Tk 49.50 lakh for breaching securities rules by buying the shares of Pioneer Insurance beyond the investment ceiling.
16 September 2021, 18:00 PM

Reappoint bankers sacked without specific charges: BB

Bangladesh Bank (BB) today asked banks to reappoint bankers who were sacked without any specific and proven charges.
16 September 2021, 16:38 PM

NBFIs can reschedule loans just 3 times: BB

In a bid to bring about discipline in the rescheduling of loans by non-bank financial institutions (NBFIs), Bangladesh Bank has announced that these institutions cannot reschedule one loan more than three times.
15 September 2021, 18:00 PM