Banking | The Daily Star

  • 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 Cyber Heist

    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.

  • Bangladesh Bank moves amend bankruptcy act 1997

    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 Cyber Heist

    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.

  • GDP growth in Bangladesh

    BB unveils a cautiously optimistic monetary policy

    The central bank yesterday unveiled a cautiously optimistic monetary policy for the second half of the fiscal year, keeping room to provide adequate supply of quality credit to support the growth and inflation targets.

  • Jamuna Bank MD Shafiqul Alam

    HC again summons Jamuna Bank MD

    The High Court yesterday again summoned Shafiqul Alam, managing director of Jamuna Bank, to appear before it on February 12 and explain his inaction to comply with a 2017 directive.

  • Agrani Insurance evades huge VAT

    A policyholder of Agrani Insurance Company Ltd paid a premium of Tk 270,094 against a fire insurance policy in May 2016. The required value-added tax on the premium was Tk 40,514.

  • Irregularities in Bangladeshi Banking Sector

    Legal notice seeks inquiry in bank irregularities

    A rights group has served legal notice to the government for an inquiry into irregularities in the banking sector of Bangladesh during the last 20 years.

  • Mashrur Arefin new MD of City Bank

    City Bank has appointed Mashrur Arefin as its new managing director and chief executive officer.

  • Finance Minister AHM Mustafa Kamal

    Cyber Heist: BB to file case with NY court in 10 days

    Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.

  • New vice chairman for Standard Bank

    Standard Bank recently saw the election of one of its founding directors, Mohammed Shamsul Alam, as vice chairman.

  • Banks blame influential quarter for rising bad loans

    Banks blame influential quarter for rising bad loans

    Habitual and influential defaulters are the main barriers to bringing down delinquent loans in the state-owned commercial banks, according to the assessment of the lenders.

  • Bank Asia observes agent banking day

    Bank Asia celebrated its Agent Banking Day 2019 at Bhabanipur Bazar of Sirajdikhan upazila in Munshiganj yesterday.

  • Credit growth hits 39-month low

    Private sector credit growth fell to a 39-month low in December as businesses went on a cautious mode thanks to the mounting uncertainty centring on the 11th general elections.

  • BB moves to curb bad loans

    The central bank yesterday rolled out a new credit rating system to rein in spiralling bad loans.

  • Asian Development Bank

    ADB provides $200m to upgrade rural road network in Bangladesh

    The Asian Development Bank (ADB) and the government of Bangladesh sign agreements for $200 million in loans to improve the rural road network in Bangladesh.

  • Banking Career in Bangladesh

    Banks still a man's world

    Iffat Jahan Dina landed a well-paying job in a private bank soon after obtaining her Masters degree from Rajshahi University. She dedicated herself to the job, which she found gratifying.

  • Maia Deguito

    BB Heist: First conviction, after 3 years

    A court in the Philippines yesterday convicted a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC) of money laundering, in the first conviction over the Bangladesh Bank reserves heist in which $81 million was stolen nearly three years ago.

  • Kamal in denial about bad loan situation

    Bangladesh's non-performing loan situation is not as dire as is being reported in the news media, said Finance Minister AHM Mustafa Kamal.

  • World Bank chief resigns abruptly

    World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources.

  • State banks' cash recovery flatters to deceive

    Despite the huge loan rescheduling spree, the four state-owned banks saw poor cash recovery from their top defaulters in the first nine months of 2018.

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