Banking | The Daily Star

  • MTB gets $20m term loan from Norfund

    Norfund, an active strategic minority investor wholly owned and funded by the Norwegian government, will provide a concessional loan of $20 million to Mutual Trust Bank for socio-economic development of Bangladesh.

  • Bangladesh Association of Banks

    Pvt banks decide to lower lending, deposit rates

    The owners of private commercial banks have decided to bring down the lending rate at 9 per cent and deposit rate at 6 per cent from next month.

  • Anti-Corruption Commission

    BASIC Bank scam: ACC to file plea challenging ex-DMD's bail

    The Anti-Corruption Commission (ACC) will file six appeals with the Supreme Court challenging the High Court verdict that granted bail to Fazlus Sobhan, former deputy managing director of BASIC Bank, in six loan-scam cases.

  • State banks sit with most default loans

    Eight state-run banks accounted for more than half of the Tk 88,589 crore default loans in the banking sector at the end of the first quarter of 2018 as their unbridled indiscipline continues to weigh down the entire industry.

  • Forex market still volatile

    Bangladesh Bank has failed to cool down the volatility in the foreign exchange market despite an injection of more than $2.30 billion so far in fiscal 2017-18.

  • parliament

    Muhith keeps mum on banking sector

    Nothing budges Finance Minister AMA Muhith after yesterday’s spree of attacks as he kept from commenting over the banking sector at parliament today.

  • Federation of Bangladesh Chambers of Commerce and Industry

    Punish those involved in Bank scam: FBCCI

    The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demands stern punishment for the people involved in in misappropriating money from the country's banks.

  • Islamic banks see faster credit growth: survey

    Shariah-based banks secured as much as 22.31 percent credit growth last year, way higher than the whole banking industry's average of 18.66 percent, a survey found.

  • 12 banks face provision deficit of Tk 10,596cr

    Twelve banks faced a provisioning shortfall of Tk 10,596 crore in the first three months of the year, a development that will compel banks to hike their interest rate on lending to ensure net profits.

  • One Bank re-elects top brass

    One Bank has recently witnessed the reelection of its chairman, Sayeed H Chowdhury, vice president, Asoke Das Gupta, and chairman of its executive committee, Zahur Ullah.

  • Prime Bank re-elects chairman

    Azam J Chowdhury has recently been re-elected as the chairman of Prime Bank for a two-year term.

  • Bacchu quizzed over BASIC Bank scam

    BASIC Bank's former chairman Sheikh Abdul Hye Bacchu is being interrogated by Anti-Corruption Commission (ACC) over loan scams worth Tk 4,500 crore.

  • Credit growth slowdown imminent

    The rising interest rate will put the brakes on the runaway private sector credit growth this year as entrepreneurs will be reluctant to take on high-cost funds, said a top banker.

  • Al-Arafah Islami Bank reelects top brass

    Abdus Samad and Mohammed Abdus Salam have recently been reelected as the chairman and vice chairman of Al-Arafah Islami Bank respectively for a two-year term.

  • Banks face dearth of ethical leaders: BIBM

    The banking sector faces an acute crisis of ethical leaders, resulting in a rise in default loans, violation of codes of conduct, fraudulence and a decline in profitability, a survey found.

  • Banks waive huge interest

    Interest waivers against bad loans more than doubled to Tk 1,753 crore in 2017, with National Bank alone accounting for 37.13 percent of the sum.

  • Asian Development Bank

    ADB tells govt to roll out nationwide agri-insurance

    The Asian Development Bank has called for government investment to scale up sustainable agriculture insurance in Bangladesh.

  • Sheikh Abdul Hye Bacchu

    BASIC Bank scam: Bacchu skips ACC quizzing

    BASIC Bank's former chairman Sheikh Abdul Hye Bacchu skips quizzing by Anti-Corruption Commission (ACC) over the loan scams involving around Tk 4,500 crore.

  • Private credit growth cools down in March

    Private sector credit growth finally hit the brakes in March on the back of the central bank's efforts to curb aggressive lending by banks.

  • Ibn Sina washes its hands of Islami Bank

    Ibn Sina Trust, one of the sponsor shareholders of Islami Bank Bangladesh, is set to sell off its entire 2.24 percent stake in the bank within the next 30 days.

  • Jamuna Bank elects chairman

    Mosharraf Hussain has been elected the chairman of Jamuna Bank.

  • Private sector foreign loans a latent danger

    Misuse of funds and rising exchange rate are pushing many short-term foreign loans into the overdue territory and in so doing posing a concern for the economy, analysts said yesterday.

  • Bangladesh, India, Bhutan, Sri Lanka need more WB funds

    India has made a strong pitch for increased lending by the World Bank and its affiliates for Bangladesh, India, Bhutan and Sri Lanka, in a meeting of the World Bank and International Monetary Fund held in Washington on Saturday.

  • BB mulls guideline to recover bad loans

    The central bank has asked the Association of Bankers Bangladesh (ABB) and the Bangladesh International Arbitration Centre (BIAC) to draft a guideline to recover non-performing loans and amend relevant laws.

  • Online fund transfer to any bank from June

    Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.

  • Banks donate Tk 163cr to PM's relief fund

    The Bangladesh Association of Banks, a forum of private banks' directors, has donated Tk 163 crore to the Prime Minister's Relief and Welfare Fund.

  • Banks have no deposit crisis

    There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

  • Banks have no deposit crisis

    There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

  • Mahabubul Haque Chisty

    Farmers Bank loan scam: ACC quizzes Chisty, 3 others

    The Anti-Corruption Commission grills four accused including Farmers Bank's former Audit Committee chairman Mahabubul Haque Chisty in a case filed over embezzlement of Tk 160 crore and irregularities in loan disbursement.

  • Deal signed for Bangladesh's first 'Digital Islami Wallet'

    Financial technology service provider Dmoney signed an agreement with Al-Arafah Islami Bank Limited at the latter's head office in Dhaka yesterday to launch the country's first “Digital Islami Wallet”.

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