BB permits online payment of visa fees

The central bank has allowed online payment of visa processing fees through international credit card (ICC) as per the requirement of concerned embassies and high commissions.
4 October 2015, 18:00 PM

BASIC Bank scam: ACC files 3 more cases

The Anti-Corruption Commission (ACC) files three more cases with Dhaka’s Gulshan Police Station in connection with the swindling of money from state-run Basic Bank.
23 September 2015, 08:20 AM

BB detects cash theft

An official of State Bank of India's Bangladesh operation was caught as he attempted to steal Tk 5 lakh from outside the central bank
22 September 2015, 18:00 PM

Taka should be depreciated to boost exports: economist

The central bank should go for a steady depreciation of the taka to help exporters maintain their competitiveness as Bangladesh's
17 September 2015, 18:00 PM

First Security Islami Bank's new DMD

Md Saifur Rahman Patwary has been promoted as the deputy managing director of First Security Islami Bank, the bank said in a statement yesterday.
14 September 2015, 18:00 PM

HSBC seminar on automated platforms

Online banking platforms enable customers to make seamless payments between countries and currencies and give businesses greater control over cash and collection, a banker said.
13 September 2015, 18:00 PM

SMEs can widen exports with policy support

Small and medium enterprises can play a key role in export diversification, given they are provided with the required support that will effectively help Bangladesh cut its overreliance on garments for foreign currencies.
7 September 2015, 18:00 PM

BB rejects Dhaka Bank's proposal to reappoint Mirza Abbas as director

Bangladesh Bank has refused to approve the reappointment of Mirza Abbas Uddin Ahmed, popularly known as Mirza Abbas, as a director of Dhaka Bank for a series of criminal cases pending against him, a central bank official said yesterday.
6 September 2015, 18:00 PM

Four companies get $120m WB fund

Four private borrowers, mostly from the power sector, got loans of $120.72 million from seven banks and financial institutions under an investment promotion programme of the World Bank.
31 August 2015, 18:00 PM

Smart policy crucial for apparel export growth

Effective policy and its timely implementation are crucial for the garment sector in Bangladesh to tap the potential that exporters, the government and international organisations often discuss.
31 August 2015, 18:00 PM

China's woes and a still flawed global economy

With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.
26 August 2015, 13:52 PM

China market slump: Central bank cuts interest rates

China has cut its main interest rate to boost growth in its economy.
25 August 2015, 15:11 PM

BB threatens to restrict BASIC Bank's activities

Bangladesh Bank yesterday warned it would curtail the functions of BASIC Bank as per laws if the problem-ridden lender did not
24 August 2015, 18:00 PM

India turns micro-lender into bank

India opened its first private bank in 11 years that will focus on micro loans to give financial inclusion a boost.
23 August 2015, 18:00 PM

Draft mobile banking rules come under fire

Bankers and analysts yesterday criticised the central bank's draft guidelines on mobile financial services that proposed forming a platform consisting of multiple players with no single party having more than 15 percent stake.
22 August 2015, 18:00 PM

Private banks' credit rollout grows faster

Credit rollout by local private banks grew at a faster rate than foreign and state-run lenders last fiscal year due to their aggressive push for more profit.
20 August 2015, 18:00 PM

Banks get access to national ID database

Commercial banks are now getting access to the national identity database, which bankers said would help them check authenticity of clients' information and reduce forgeries.
19 August 2015, 18:00 PM

BB to use technology to thwart scams

Bangladesh Bank has decided to use information technology to identify scams and thwart irregularities in banks.
17 August 2015, 18:00 PM

BB should take steps to stop abuse of back-to-back LCs

In 1978, Noorul Quader Khan, who is also called the father of the country's garment industry, was struggling to start production in his Desh Garments Ltd due to a lack of working capital and apparel accessories although the factory was ready with trained manpower.
17 August 2015, 18:00 PM

India taps private sector for two state bank bosses in industry shake-up

India has brought in private sector executives to run two of its largest state-owned banks, the first such appointments in a broad
15 August 2015, 18:00 PM