Banks unwilling to reward good borrowers

Only one bank out of the 57 operating here has so far offered incentives to its good borrowers in compliance with a Bangladesh Bank
20 December 2016, 18:00 PM

Ancient barter trade returns to eastern Indian farmlands after note ban

Farmers in eastern India have fallen back on the exchange of labour to tide over the crash crunch after the launch of the government's demonetisation drive in villages.
20 December 2016, 05:09 AM

SWIFT confirms new cyber thefts, hacking tactics

Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a previously undisclosed letter the organization sent to banks worldwide.
13 December 2016, 05:18 AM

BB directs banks to form sustainable finance units

The central bank has asked financial institutions to create a sustainable finance unit, to help the country achieve the sustainable development goals or SDGs.
5 December 2016, 18:00 PM

Philippines urges Bangladesh to share results of heist investigation

The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world's largest cyber bank heists, to help speed up recovery of the stolen funds.
4 December 2016, 07:52 AM

A weak taka brings cheers to exporters and remitters

After nearly a year of stable exchange rate, the taka has started to weaken against the dollar -- a development that is cheering up
1 December 2016, 18:00 PM

StanChart to cut 10pc of corporate, institutional banking staff

Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct
28 November 2016, 18:00 PM

Bank Asia celebrates 17th anniversary

Bank Asia celebrated its 17th anniversary at International Convention City Bashundhara in Dhaka on Sunday with a commitment to serve
28 November 2016, 18:00 PM

State banks still dogged by malpractices

State banks continue to be afflicted by large-scale financial felonies despite the government efforts in recent years to stop picking up
28 November 2016, 18:00 PM

RBI takes surprise action to soak up liquidity

The Reserve Bank of India (RBI) unexpectedly orders banks to deposit their extra cash with it, in a bid to absorb excess liquidity generated by a government ban on larger banknotes.
27 November 2016, 06:42 AM

BB to cut currency printing costs

Bangladesh Bank is devising ways to reduce currency printing costs as the country has to spend a whopping Tk 500 crore a year on new
24 November 2016, 18:00 PM

Bangladesh team to meet Philippines president on stolen BB funds

A high-level team led by Law Minister Anisul Huq will go to the Philippines on Saturday with the objective to repatriate about $66
24 November 2016, 18:00 PM

Fitch retains negative outlook for India's banking sector

Fitch re-affirmed its "negative" outlook for India's banking sector, saying the financial standing remained "fragile" without bigger capital
22 November 2016, 18:00 PM

Citi and JPMorgan top list of globally systemic banks

Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank
21 November 2016, 18:00 PM

BB warns nine new banks on bad loans

The central bank yesterday cautioned nine new banks over aggressive lending and rising nonperforming loans.
21 November 2016, 18:00 PM

Asian cities should invest more in infrastructure, ICT: ADB poll

Investment in infrastructure, strong leadership, preservation of urban cultural heritage, and higher spending on ICT projects are crucial
8 November 2016, 18:00 PM

Sales of savings tools soaring

Net sales of savings instruments continue to post robust growth this fiscal year riding on the higher returns than its alternatives.
5 November 2016, 18:00 PM

Swiss offer tough Brexit lessons for Britain's banks

As Britain's banks make their case for retaining unrestricted access to the single European market after Brexit, the efforts of their Swiss
3 November 2016, 18:00 PM

New DMD for Mutual Trust Bank

Goutam Prosad Das has recently been promoted to deputy managing director of Mutual Trust Bank (MTB) with effect from November 1.
2 November 2016, 18:00 PM

ANZ Bank offloads Asian assets to Singapore's DBS

ANZ Bank Monday announced the sale of its retail and wealth management arms in five Asian countries to Singapore's DBS as it
31 October 2016, 18:00 PM