VALENTINE'S DAY: Special offers galore for plastic money

Most banks have come up with a bundle of packages to make a good business on the occasion of Valentine's Day when people go for a spending spree to celebrate the most romantic day of the year.
11 February 2019, 18:00 PM

GP, Robi to partner with Bank Asia on agent banking

Top two mobile phone operators Grameenphone and Robi are set to enter into a partnership with Bank Asia on agent banking – a move that is expected to give huge boost to the new service and deepen financial inclusion.
11 February 2019, 18:00 PM

BB Heist Probe: CID fails 56th report deadline

A Dhaka court yesterday again asked Criminal Investigation Department (CID) to submit probe report by March 13 in Bangladesh Bank cyber heist case.
10 February 2019, 18:00 PM

Trump's World Bank pick, an ally for the lender's critics?

US President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China.
10 February 2019, 18:00 PM

SBAC Bank reelects chairman

SM Amzad Hossain has been reelected as chairman of South Bangla Agriculture and Commerce (SBAC) Bank Ltd for a three-year term.
10 February 2019, 18:00 PM

Exim Bank gets new AMD

Mohammad Feroz Hossain has recently been promoted as additional managing director of Exim Bank. Prior to this promotion, he was the deputy managing director of the bank, Exim Bank said in a statement yesterday.
6 February 2019, 18:00 PM

BB moves to amend bankruptcy act

The central bank will hold a meeting today to amend the Bankruptcy Act, 1997 with the view to handing out exemplary punishment to habitual defaulters.
5 February 2019, 18:00 PM

CIID seeks remand of Crescent chairman

Customs Intelligence and Investigation Directorate (CIID) yesterday sought a five-day remand to quiz MA Kader, chairman of Crescent Leather Products and Crescent Tanneries, in connection with one of the three cases filed over laundering Tk 919 crore in foreign currencies.
4 February 2019, 18:00 PM

Prime Bank brings digital savings account

Prime Bank yesterday launched a new savings instrument, Prime DiGi, which will allow customers to open an account online and without any initial deposit.
31 January 2019, 18:00 PM

BB set to sue Rizal Bank in US court

Bangladesh Bank Governor Fazle Kabir said the central bank was expected to file a lawsuit yesterday night with a US court against Philippines' Rizal Commercial Banking Corporation (RCBC) to recover the full amount stolen in the February, 2016 heist.
30 January 2019, 18:00 PM

BB unveils a cautiously optimistic monetary policy

The central bank yesterday unveiled a cautiously optimistic monetary policy for the second half of the fiscal year, keeping room to provide adequate supply of quality credit to support the growth and inflation targets.
30 January 2019, 18:00 PM

HC again summons Jamuna Bank MD

The High Court yesterday again summoned Shafiqul Alam, managing director of Jamuna Bank, to appear before it on February 12 and explain his inaction to comply with a 2017 directive.
29 January 2019, 18:00 PM

Agrani Insurance evades huge VAT

A policyholder of Agrani Insurance Company Ltd paid a premium of Tk 270,094 against a fire insurance policy in May 2016. The required value-added tax on the premium was Tk 40,514.
24 January 2019, 18:00 PM

Legal notice seeks inquiry in bank irregularities

A rights group has served legal notice to the government for an inquiry into irregularities in the banking sector of Bangladesh during the last 20 years.
23 January 2019, 09:24 AM

Mashrur Arefin new MD of City Bank

City Bank has appointed Mashrur Arefin as its new managing director and chief executive officer.
21 January 2019, 18:00 PM

New vice chairman for Standard Bank

Standard Bank recently saw the election of one of its founding directors, Mohammed Shamsul Alam, as vice chairman.
20 January 2019, 18:00 PM

Banks blame influential quarter for rising bad loans

Habitual and influential defaulters are the main barriers to bringing down delinquent loans in the state-owned commercial banks, according to the assessment of the lenders.
20 January 2019, 18:00 PM

Cyber heist: Bangladesh Bank to file case with NY court by Jan

Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.
20 January 2019, 18:00 PM

Bank Asia observes agent banking day

Bank Asia celebrated its Agent Banking Day 2019 at Bhabanipur Bazar of Sirajdikhan upazila in Munshiganj yesterday.
17 January 2019, 18:00 PM

Credit growth hits 39-month low

Private sector credit growth fell to a 39-month low in December as businesses went on a cautious mode thanks to the mounting uncertainty centring on the 11th general elections.
17 January 2019, 18:00 PM