Islamic banking growing rapidly

Islamic banking is growing rapidly in Bangladesh with a market share of about 20 percent, though the country does not have a full-fledged law for the sector, according to a research.
8 June 2017, 18:00 PM

Banks put on alert over fake notes

Bangladesh Bank has asked all commercial banks to be cautious about fake notes as forgers may attempt to release counterfeit notes ahead of the Eid festivals cashing in on increased demand.
7 June 2017, 18:00 PM

Stop injecting funds into state banks

Half a million people would have been brought out of poverty had the government allocated Tk 2,000 crore to the poor instead of doling out money to the state banks, analysts said yesterday.
7 June 2017, 18:00 PM

Agent banking getting popular with remitters

Remittance inflow through agent banking rose significantly in the first quarter of 2017 as the service is increasingly gaining ground thanks to its cost-effectiveness.
6 June 2017, 18:00 PM

Underperforming banks should merge

The banks that are failing to keep pace with the fast-growing financial sector should merge with each other, according to a top banker.
31 May 2017, 18:00 PM

BB should look into Islami Bank issue: analysts

Bangladesh Bank should intervene to restore stability in the trouble-hit Islami Bank Bangladesh Ltd and avoid
27 May 2017, 18:00 PM

State banks to get Tk 1,700cr to plug capital shortfall

The government will keep an allocation in next year's budget to meet state banks' capital deficit in continuation of a years-long trend
25 May 2017, 18:00 PM

Islami Bank removes Syed Ahsanul as vice chairman

The board of directors of Islami Bank removes Syed Ahsanul Alam, from his post of vice chairman at the bank.
23 May 2017, 10:09 AM

Business opportunities rising in Bangladesh

Foreign companies should invest in Bangladesh as the opportunities the country offers far outweigh the challenges, said a top banker.
20 May 2017, 18:00 PM

Citi gets new country officer

N Rajashekaran has recently been appointed as the new country officer of Citi for Bangladesh.
18 May 2017, 18:00 PM

Four state banks' Tk 27,700cr loans caught in legal tussle

The credit amounts of the four state banks that are stuck in lawsuits pending with the money loan court rose Tk 5,600 crore in 2016.
15 May 2017, 18:00 PM

AB Bank faces fund crisis for bad loans

AB Bank is facing financial crunch after its provision shortfall totalled Tk 1,340 crore at the end of 2016.
10 May 2017, 18:00 PM

Banks planning to move 9,000 jobs from Britain because of Brexit

The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and
8 May 2017, 18:00 PM

ADB to double lending to Bangladesh

The Asian Development Bank is upscaling its loan portfolio in Bangladesh to nearly double this year, to keep pace with its economy
8 May 2017, 18:00 PM

4 of a family can be bank directors

The cabinet approves a draft law, which allows four members of a family to be directors of a bank. The existing law permits two members of a family for the director posts. The cabinet today approved the draft law at the weekly cabinet meeting at the Secretariat in Dhaka with Prime Minister Sheikh Hasina in the chair.
8 May 2017, 09:05 AM

52pc banks in cyber risks

Bangladesh's 52 percent banks ran the risk of information management security breaches in 2016, of which 16 percent were in the
4 May 2017, 18:00 PM

BB puts cap on dollar rate for importers

Bangladesh Bank yesterday put a cap on the US dollar at inter-bank exchange rate plus Tk 2, to control the recent volatile market, said bankers.
26 April 2017, 18:00 PM

Cybercriminal Lazarus group hacked Bangladesh Bank

Cybercriminal gang Lazarus group carried out the $81 million Bangladesh Bank cyber heist, not the other groups named since the February 2016 incident, according to a top researcher of cyber security firm Kaspersky Lab.
19 April 2017, 18:00 PM

Asian Development Bank awards essay competition winners in Bangladesh

The Asian Development Bank (ADB) awards four winners of an essay competition celebrating its 50th founding anniversary.
19 April 2017, 08:48 AM

Prime Bank writes off Bismillah Group loans

Prime Bank has written off Tk 300 crore embezzled by Bismillah Group in order to clean up its balance sheet.
16 April 2017, 18:00 PM