BB blocks funds of two banks

Bangladesh Bank has frozen Tk 51 crore from ONE Bank's current account with the banking regulator and Tk 25 crore from Premier
19 December 2017, 18:00 PM

Farmers Bank MD removed

Bangladesh Bank removes Farmers Bank Managing Director AKM Shameem as he failed to maintain the rules of the central bank.
19 December 2017, 07:57 AM

NRB Bank reelects chairman

Mohammed Mahtabur Rahman has recently been re-elected as chairman of NRB Bank for next three years, said the
18 December 2017, 18:00 PM

WB gives another $245m to help ensure efficiency of safety net schemes

The World Bank has approved an additional $245 million to help Bangladesh improve equity, efficiency and
18 December 2017, 18:00 PM

Insurance fair begins in Sylhet on Friday

A two-day insurance fair will begin in Sylhet on Friday with a view to raising people's trust in insurers.
18 December 2017, 18:00 PM

Another non-bank falls prey to graft, loan irregularities

Corruption and loan irregularities by board members are pushing yet another financial institution towards the brink
18 December 2017, 18:00 PM

Board gives Tk 17cr to ease cash crunch

The newly reconstituted board of Farmers Bank has injected Tk 17 crore into the bank to help the trouble-hit lender deal with the
17 December 2017, 18:00 PM

Agrani spurns BB, keeps open Canada exchange house

Agrani Bank has kept open a thoroughly loss-making exchange house in Canada for the last one and half years by defying Bangladesh
16 December 2017, 18:00 PM

NKorean hackers behind attacks on cryptocurrency exchanges, SKorean newspaper reports

South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reports.
16 December 2017, 09:22 AM

Economic corridor in southwest will bump up growth: ADB

The implementation of the proposed Southwest Bangladesh Economic Corridor (SWBEC) will enable the region's economic output to hit
12 December 2017, 18:00 PM

Islami Bank lends Tk 315cr bending rules

Islami Bank Bangladesh disbursed loans amounting to Tk 315 crore to Unilliance Textiles violating rules, jeopardising the interests of
12 December 2017, 18:00 PM

Muhith again defends allowing new banks

Finance Minister AMA Muhith yesterday defended the decision to allow opening of new banks, saying the lenders that are not doing well would automatically merge.
12 December 2017, 18:00 PM

Philippine bank RCBC accuses Bangladesh of heist ‘cover-up’

The Philippines bank through which $81 million stolen from Bangladesh’s central bank was channelled in February 2016 has accused Dhaka’s monetary authority of covering up its negligence and demanded that it stop making the bank a “scapegoat.”
12 December 2017, 04:22 AM

Alamgir, Chisty barred from raising shares in Farmers Bank

Bangladesh Bank has shot down requests from former Farmers Bank Chairman Muhiuddin Khan Alamgir and Audit Committee
11 December 2017, 18:00 PM

NRB Commercial restructures board

Unsettled NRB Commercial Bank yesterday restructured its board of directors in a move that is expected to help restore corporate
10 December 2017, 18:00 PM

Sales of savings tools on the rise

Net sales of savings certificates rose 8.49 percent year-on-year to Tk 17,315 crore in the first four months of the fiscal year as savers'
9 December 2017, 18:00 PM

Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources say.
8 December 2017, 05:06 AM

Court stays removal of NRBC Bank's MD

The High Court yesterday stayed the Bangladesh Bank's decision to remove NRB Commercial Bank's Managing Director Dewan Mujibur
7 December 2017, 18:00 PM

Bacchu falls sick during quizzing by ACC

Former Basic Bank chairman Sheikh Abdul Hye Bacchu has fallen sick, during his second day of quizzing over a loan scam that rattled Bangladesh’s banking sector.
6 December 2017, 09:01 AM

Graft: Bangladesh Bank removes NRB Commercial Bank MD Dewan Mujibur

Bangladesh Bank removes NRB Commercial Bank’s Managing Director Dewan Mujibur Rahman over gross irregularities including corruption.
6 December 2017, 07:53 AM