Banking | The Daily Star

  • Reserve Bank of India Feb rate cut on a knife’s edge

    A February Reserve Bank of India rate cut is on a knife’s edge, with just under half of economists polled expecting easing at that meeting, and is highly likely by the middle of next year, according to a Reuters poll.

  • BB moves to curb trade-based money laundering

    Bangladesh Financial Intelligence Unit (BFIU) yesterday issued guidelines for banks to prevent money laundering in the name of export and import.

  • MTB opens bank museum to showcase its 20-year journey

    Mutual Trust Bank (MTB) yesterday opened a bank museum to showcase its 20-year journey and achievements.

  • NRB Bank gets new AMD

    Mamoon Mahmood Shah has recently joined NRB Bank as additional managing director.

  • NRB Bank gets new AMD

    Mamoon Mahmood Shah has recently joined NRB Bank as additional managing director.

  • Brac Bank gets new credit risk head

    Ahmed Rashid has recently joined Brac Bank as head of credit risk management.

  • AB Bank sets sights on restoring lost glory

    AB Bank Ltd has stepped up efforts to cut non-performing loans and improve corporate governance as the country’s first private commercial bank desperately seeks to become one of the top lenders again.

  • One Bank reappoints managing director

    M Fakhrul Alam has recently been reappointed managing director of One Bank, effective from October 8.

  • BB revokes remittance award handed to loan defaulter

    The central bank yesterday revoked a remittance award given to Shahjahan Bablu three days ago after his name was found on the list of loan defaulters of Bangladesh Commerce Bank Ltd (BCBL).

  • Loan recovery slows in Q2

    Banks’ loan recovery momentum slowed down in the second quarter of 2019 as many defaulters showed unwillingness to pay back loans to enjoy the central bank’s relaxed rescheduling facility.

  • EXIM Bank to monitor project implementation

    India wants its Exim Bank to monitor the projects it is financing in Bangladesh.

  • Govt redefines hard term external loans

    The government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent it currently takes into account, in a reflection of the country’s growing economic power.

  • Brac Bank to get $30m from British financier

    CDC Group, the UK government’s development finance institution, yesterday announced to invest $30 million (over Tk 25 crore) in Bangladesh’s Brac Bank.

  • New digital payment app Dmoney

    New payment app Dmoney launched

    Local financial technology service provider Dmoney announces its commercial operation aiming to create a solid position of the digital financial service in the country.

  • StanChart Bangladesh launch Korea-Bangladesh Desk

    StanChart launches Korea-Bangladesh desk

    Standard Chartered Bangladesh (SCB) on Thursday launched the Korea- Bangladesh desk to help Korean businesses invest and operate in Bangladesh. A guidebook titled “Doing business in Bangladesh”, offering information in both Korean and English languages, was also launched at

  • EBL expands wings to China

    Eastern Bank Ltd (EBL), a leading private bank of Bangladesh, will open its first representative office in Guangzhou of China today to explore the growing business opportunities between the two Asian economies.

  • ICB seeks Tk 1,000cr from BB

    The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence.

  • Written-off loans rise in Q2

    Loans written off by banks surged 21 percent to Tk 54,463 crore in the second quarter of the year from a quarter ago as the lenders try to clean up balance sheets and paint a rosy picture of their health.

  • Visa to bring QR payment system

    Visa yesterday announced that it would launch an interoperable quick response (QR) payment system in Bangladesh within the next one and a half months as part of efforts to expand its business.

  • BB move boosts stocks

    Stocks jumped up yesterday buoyed by a Bangladesh Bank move that allowed banks to invest in equities by borrowing funds from the banking regulator. On Sunday, the BB announced a liquidity support for banks with a view to ramping up their capacity to invest in the market as part of a

  • Agrani Bank gets new DMD

    Nizam Uddin Chowdhury has recently joined Agrani Bank as the lender’s deputy managing director.

  • US bans N Korean hacking groups blamed for global attacks

    The US Treasury announces sanctions on three North Korean hacking groups it said were involved in the "WannaCry" ransomware attacks and hacking of international banks and customer accounts.

  • PM opens Community Bank

    Community Bank Bangladesh yesterday began its journey with a view to reaching out the growth centres across the country.

  • Bangladesh Bank headquarters in Dhaka

    BB to give banks euro loans from reserves

    Bangladesh Bank is set to give loans to local banks’ offshore banking units (OBU) to offset the negative returns that it now gets for its liquid euro assets -- a move that can be viewed as making the best out of a bad situation.

  • WB to help achieve double-digit growth

    The World Bank is ready to help Bangladesh increase its growth to double digits and would provide all kinds of support to this end, said Mercy Miyang Tembon, the multilateral lender’s newly-appointed country director for Bangladesh and Bhutan.

  • Banks hardly lend via agent banking

    Banks are showing reluctance in lending through the agent banking window based in rural areas despite mobilising large sums through the platform.

  • Working to bring bank loan interest rate to single digit: PM

    Prime Minister Sheikh Hasina has said steps are underway to bring down bank loan interest rate to single digit in all banks, noting that higher interest rate naturally causes loan defaults.

  • 2 new DMDs for Mercantile Bank

    Shamim Ahmed and Md Nurul Islam have been promoted to deputy managing director (DMD) of Mercantile Bank.

  • Farmers Bank ex-audit chief denied bail

    The High Court refuses to grant bail to Mahbubul Haque Chisty, former chairman of Farmers Bank audit committee, in a corruption case filed on charge of misappropriating Tk 160 crore of the bank.

  • Janata Bank gets new chairman

    Jamaluddin Ahmed has recently been appointed chairman of Janata Bank.

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