ADB approves $583m debt financing to develop Reliance Bangladesh LNG, power project

The Asian Development Bank has approved debt financing and partial risk guarantees totaling USD583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and power project.
5 December 2017, 07:59 AM

Now Sonali blames other banks, wants its money back

Sonali Bank yesterday pleaded with the Bangladesh Bank to help it recover Tk 895 crore that was debited from its account with the
4 December 2017, 18:00 PM

Loan scam: JP MP Shawkat ordered to pay Tk 5cr to BCBL in 2 months

The Supreme Court orders Jatiya Party lawmaker Shawkat Chowdhury to return Tk five crore to Bangladesh Commerce Bank Ltd (BCBL) in two months.
4 December 2017, 05:00 AM

ACC quizzes ex-BASIC Bank chairman Bacchu over scam cases

Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has been interrogated by the Anti-Corruption Commission (ACC) in scam cases.
4 December 2017, 04:41 AM

SWIFT warns banks on cyber heists as hack sophistication grows

SWIFT, the global messaging system used to move trillions of dollars each day, warned banks on Wednesday that the threat of digital
29 November 2017, 18:00 PM

Banks move to curb dollar's rally

Foreign exchange dealers yesterday decided not to sell US dollar at rates higher than Tk 83, in a bid to stem the recent appreciation of
29 November 2017, 18:00 PM

Banks remain open till 8pm today, tomorrow

Banks will remain open today and tomorrow until 8:00pm to help people pay taxes and submit income tax returns within the given deadline.
29 November 2017, 06:05 AM

SWIFT warns banks on cyber heists as hack sophistication grows

SWIFT, the global messaging system used to move trillions of dollars each day, warns banks that the threat of digital heists is on the rise as hackers use increasingly sophisticated tools and techniques to launch new attacks.
29 November 2017, 04:28 AM

11 banks served show-cause notices for selling dollar at higher rates

Bangladesh Bank yesterday issued show-cause notices to 11 banks for trading US dollars at prices higher than the inter-bank declared
28 November 2017, 18:00 PM

Muhith defends licence for three new banks

Finance Minister AMA Muhith has defended setting up more new banks in the private sector even though the newly opened lenders are
27 November 2017, 18:00 PM

Farmers Bank Chairman MK Alamgir resigns from board of directors

Muhiuddin Khan Alamgir, chairman and Md Mahabubul Haque Chisty, chairman of the audit committee, are forced to resign from the trouble-hit Farmers Bank's board of directors.
27 November 2017, 17:34 PM

Bangladesh Bank wants removal of Farmers Bank MD

Bangladesh Bank has sent a letter to Farmers Bank to remove its Managing Director AKM Shamim.
27 November 2017, 07:48 AM

Dollar continues to get dearer

The US dollar appreciated heavily against the taka over the last seven days despite the injection of $102 million into the market by the
26 November 2017, 18:00 PM

Amendment mistimed: analysts

The proposed amendment to the banking company act will shrink the size of the board at a time when banks need bigger boards with
26 November 2017, 18:00 PM

Farmers Bank hires Sonali Bank ex-CEO to overcome crisis

The Farmers Bank has appointed former Sonali Bank managing director Pradip Kumar Dutta as consultant to help the trouble-hit lender
25 November 2017, 18:00 PM

StanChart opens lounge at Dhaka airport

Standard Chartered Bank yesterday inaugurated a dedicated lounge at the Hazrat Shahjalal International Airport for its clients with the
25 November 2017, 18:00 PM

BB frets about rising NPL in 3 new banks

Ballooning nonperforming loans (NPL) in three new banks -- The Farmers, NRB Commercial and Meghna -- have become a matter of
22 November 2017, 18:00 PM

JS body backs changes

The parliamentary standing committee on the finance ministry yesterday recommended passing the Banking Companies (Amendment)
21 November 2017, 18:00 PM

Ailing Farmers Bank gets Tk 96cr from BB

Cash-strapped Farmers Bank yesterday got a shot in the arm after the Bangladesh Bank agreed to provide short-term loan amounting
21 November 2017, 18:00 PM

Banks urge BB to give multiple payment switches

Banks yesterday urged the central bank to allow them to route their card transactions through multiple switches instead of a single
20 November 2017, 18:00 PM