Banking | The Daily Star
  • Karmasangsthan Bank gets new chairman

    Former secretary Kaniz Fatema has recently joined Karmasangsthan Bank as its chairman.

  • Move to rid banks of NPL burden

    The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of banks, as part of its efforts to perk up the ailing sector.

  • Recovery fails to keep pace with default loan spike

    The pace of recovery of banks' nonperforming loans (NPL) was much lower than the rate at which their NPL increased last year -- an ominous development for the sector.

  • AIIB lends $120m for Ctg power system upgrade

    The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $120 million for a project that will upgrade and expand the power transmission system in Chittagong.

  • Loan rescheduling hits peak

    Banks have rescheduled a record amount of default loans last year, fuelling further fears of the sector's health.

  • RCBC files defamation case against Bangladesh Bank

    Philippine’s Rizal Commercial Banking Corporation says it filed a defamation suit against the central bank of Bangladesh for “baseless allegation” in connection with the $81-million cyber heist three years ago.

  • Money Embezzlement in Bangladesh

    ACC files plea challenging Farmers Bank MD’s bail

    The Anti-Corruption Commission (ACC) challenges the February 13 order of a metropolitan magistrate that granted bail to former Farmers Bank Managing Director and CEO, Chowdhury Mustaque Ahmed in a case filed over embezzling Tk 29 crore from the bank.

  • Prime Bank, JCB launch platinum credit card

    A platinum credit card was launched in Bangladesh yesterday through a partnership between Prime Bank and international payment channel Japan Credit Bureau (JCB) Co for the first time.

  • Banks get six months more to lower ADR

    Banks have got another six months to lower their advance-deposit ratio, a move that is expected to tame the current volatility in the money market.

  • Default loans in Bangladeshi Banking sector

    Default loans soar 26pc

    Default loans at banks went up by a hefty 26.38 percent or Tk 19,608 crore last year, the highest rise in seven years, exposing the precarious condition of the banking sector.

  • Banks' CSR spending soars despite lower profits

    Banks' spending on corporate social responsibility shot up last year, even overshooting the regulatory ceiling -- at a time when they logged in lower profits for higher provisioning needs from the mounting default loans.

  • Money Misappropriation of Bangladesh Krishi Bank

    Graft Case: Six former bank officials sent to jail

    Six former officials of Bangladesh Krishi Bank Limited were sent to jail yesterday in connection with a graft case.

  • Bangladesh Finance Minister AHM Mustafa Kamal

    CID probe on, Farashuddin report can't be disclosed

    The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.

  • Standard Chartered gets new retail head

    Sabbir Ahmed has recently been appointed head of retail banking at Standard Chartered Bangladesh.

  • New banks will only add to woes

    The entry of the three new banks will weaken the banking sector further by putting additional pressure on supervision, auditing and deposits, said experts yesterday.

  • Bangladeshi Taka

    More troubles ahead for taka

    Bangladesh taka will come under pressure against the US dollar because of the widening deficit in the balance of payments, said Standard Chartered bank yesterday.

  • Bangladeshi 3 new banks

    3 new banks get nod amid outcry

    The central bank yesterday gave nod to three new banks -- at a time when the sector is saturated and stressed for rising nonperforming loans and declining corporate governance.

  • New DMD for Exim Bank

    Sheikh Bashirul Islam has recently been promoted to deputy managing director of Exim Bank.

  • IFIC Bank gets new vice chairman

    Ahmed Shayan Fazlur Rahman has recently been elected vice chairman of IFIC Bank. Rahman is the executive director of Beximco Group, the bank said in a statement yesterday.

  • Deposit through agent banking rises 122pc

    Deposits collected through agent banking rose a whopping 122 percent last year from the previous year whereas the whole banking sector experienced a fall in deposit growth.

  • GP, Robi to partner with Bank Asia on agent banking

    Top two mobile phone operators Grameenphone and Robi are set to enter into a partnership with Bank Asia on agent banking – a move that is expected to give huge boost to the new service and deepen financial inclusion.

  • VALENTINE'S DAY: Special offers galore for plastic money

    Most banks have come up with a bundle of packages to make a good business on the occasion of Valentine's Day when people go for a spending spree to celebrate the most romantic day of the year.

  • Bangladesh Bank approves 3 more private banks

    BB Heist Probe: CID fails 56th report deadline

    A Dhaka court yesterday again asked Criminal Investigation Department (CID) to submit probe report by March 13 in Bangladesh Bank cyber heist case.

  • Trump's World Bank pick, an ally for the lender's critics?

    US President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China.

  • SBAC Bank reelects chairman

    SM Amzad Hossain has been reelected as chairman of South Bangla Agriculture and Commerce (SBAC) Bank Ltd for a three-year term.

  • Exim Bank gets new AMD

    Mohammad Feroz Hossain has recently been promoted as additional managing director of Exim Bank. Prior to this promotion, he was the deputy managing director of the bank, Exim Bank said in a statement yesterday.

  • BB moves to amend bankruptcy act

    The central bank will hold a meeting today to amend the Bankruptcy Act, 1997 with the view to handing out exemplary punishment to habitual defaulters.

  • Crescent Leather chairman

    CIID seeks remand of Crescent chairman

    Customs Intelligence and Investigation Directorate (CIID) yesterday sought a five-day remand to quiz MA Kader, chairman of Crescent Leather Products and Crescent Tanneries, in connection with one of the three cases filed over laundering Tk 919 crore in foreign currencies.

  • Prime Bank brings digital savings account

    Prime Bank yesterday launched a new savings instrument, Prime DiGi, which will allow customers to open an account online and without any initial deposit.

  • Bangladesh Bank approves 3 more private banks

    BB set to sue Rizal Bank in US court

    Bangladesh Bank Governor Fazle Kabir said the central bank was expected to file a lawsuit yesterday night with a US court against Philippines' Rizal Commercial Banking Corporation (RCBC) to recover the full amount stolen in the February, 2016 heist.