BRAC Bank appoints two female drivers

BRAC Bank PLC has appointed two female drivers, Sharmin Akter Shanta and Tulona Akther, as part of its diversity and inclusion policy.
9 December 2023, 10:53 AM

Incoming remittance limit thru MFS doubles

The Bangladesh Bank raised the limit to Tk 2.5 lakh, excluding the incentives.
6 December 2023, 11:08 AM

Banks borrow Tk 15,120cr from BB in a day

Commercial banks have continued to borrow from Bangladesh Bank to meet their liquidity shortages despite a hike in the policy rate.
5 December 2023, 13:23 PM

BB withdraws interest rate spread limit

Bangladesh Bank today withdrew the 4 percent interest rate spread limit as the banking regulator introduced a new lending rate formula in July this year..The new interest rate formula has helped keep the interest rates of all kinds of loans at a logical level and maintain a tolerable depos
29 November 2023, 16:21 PM

NBR names 9 top VAT depositor firms of FY22

Five made it to the list for consecutive second year
29 November 2023, 13:19 PM

Rejoinder, our reply

AB Bank has sent a rejoinder to a report headlined “Six private banks’ bad loans soar 55pc in nine months” published in The Daily Star on November 23, 2023.
28 November 2023, 18:00 PM

BB goes shopping to private banks for dollar

Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
28 November 2023, 18:00 PM

Tk 12,500 finalised as minimum RMG wage

The salary structure will now have four grades in place of five
26 November 2023, 11:39 AM

Bangladesh Bank hikes repo rate by 50 basis points

The new rate 7.75 percent will be effective from tomorrow
26 November 2023, 11:28 AM

Janata Bank comes short of BB’s targets

Janata Bank has failed to meet any of its performance improvement targets set by the central bank in the first half of the year -- a worrying development given that the state bank accounts for the second-highest volume of deposits and loans among the 61 scheduled lenders in Bangladesh.
25 November 2023, 18:00 PM

Dollar still costlier despite move to appreciate taka

Most banks collected remittances at Tk 122-123 a dollar today and sold at Tk 116-118 to the importers
23 November 2023, 14:30 PM

1,824 accounts have over Tk 50 crore in bank deposit

They hold over 15% of total bank deposits in Bangladesh
23 November 2023, 12:58 PM

Aamar Bond not IFIC’s

A real estate company has issued bonds by offering eye-popping returns to raise funds for a gigantic housing project in Gazipur, a normal development on the surface.
22 November 2023, 18:00 PM

Six private banks’ bad loans soar 55pc in nine months

Bad loans in six private banks increased by about 55 percent in the first nine months of the year, raising further alarms about the health of the banking sector.
22 November 2023, 18:00 PM

Vaccine production: ADB approves $336.5m loan

The ADB yesterday approved a $336.5 million loan to establish domestic vaccine, therapeutics, and diagnostics manufacturing capacity in Bangladesh. It also aimed to strengthen the DGDA to ensure vaccine supply security, reads a press release.
22 November 2023, 18:00 PM

Banks to appreciate taka against US dollar

Banks will buy dollar at Tk 110, sell at Tk 110.5 from Nov 23
22 November 2023, 15:02 PM

Bad loans rise in private banks, but drop in state banks

Overall, banking sector's non-performing loans fall slightly
21 November 2023, 14:56 PM

Market has unofficial inter-bank exchange rates now: PRI

The Policy Research Institute of Bangladesh says in a press briefing
21 November 2023, 11:50 AM

Bangladesh ranks 46, drops 5 notches

Pakistan and Sri Lanka did better than Bangladesh in the index
20 November 2023, 14:56 PM

Online banking growing faster in rural areas

In 2019 to 2023, online banking branches grew by 39% in rural areas, 15% in urban
19 November 2023, 13:33 PM