Banking | The Daily Star

  • Shasha Denims to acquire majority of EOS Textile shares

    Shasha Denims is going to acquire 80 percent of shares of EOS Textile Mills worth Tk 110.68 crore.

  • Defaulter Root Group to get fresh loans from Janata

    In a baffling move, the central bank is set to allow precarious Janata Bank to reschedule default loans amounting to Tk 1,049 crore of little-known Root Group that ranks 49 out of the top 300 defaulters in the country.

  • Sonali Bank

    Sonali, Janata banks get new chairmen

    Two state-owned banks -- Sonali Bank and Janata Bank -- get new chairmen, according to a letter issued by the finance ministry.

  • Sonali, Rupali MDs swap seats, Agrani’s MD unchanged

    The managing directors of Sonali Bank and Rupali Bank yesterday swapped seats for the next three years, in what can be viewed as a baffling round of musical chairs.

  • Sonali Bank

    MDs of Sonali Bank, Rupali Bank swapped

    The managing directors of Sonali Bank and Rupali Bank swaps seats for the next three years, in what can be viewed as a baffling round of musical chairs.

  • RBI weighs linking some new bank loans to policy rate

    The Reserve Bank of India (RBI) is looking to get banks to link some new loans to its key policy rate or other external benchmarks, Governor Shaktikanta Das said on Monday, as he pushes them to cut rates faster to stimulate a flagging economy.

  • BB policy sparks flurry of loan write-offs

    Loan write-offs almost quadrupled in the first quarter of the year on the back of the central bank’s easing of rules, in a sobering reminder of the banking sector’s deteriorating financial health.

  • Govt’s borrowing from banks almost half of its plan

    The government’s bank borrowing last fiscal year was almost half of what it had planned to, thanks to its lower development expenditure and higher sales of national savings certificates, much to the relief of the cash-strapped banking sector.

  • BB plans uniform method to calculate cost of funds

    The central bank is set to come up with a new formula for calculating the cost of funds for banks with a view to bringing down the interest rate on lending, much to the trepidation of bankers.

  • Finance Minister AHM Mustafa Kamal

    ‘Banking commission to be formed in reasonable time’

    Banking commission will be formed within a reasonable time with a view to perking up the financial health of banks, Finance Minister AHM Mostafa Kamal says.

  • Want to be the best bank within 5 years

    At a time when many banks are struggling to arrest default loans stemming from a lack of corporate governance, Pubali Bank can be a role model for them given its stunning performance in bringing down the bad debt.

  • Relaxed rescheduling open till Sept 7

    Defaulters will get till September 7 to apply for rescheduling their loans under the central bank’s relaxed policy as per a Bangladesh Bank notice to banks yesterday. The relaxed policy was made available in May to allow defaulters to clear their loans.

  • Grameen Bank Chairman Mozammel Haque passes away

    Chairman of Grameen Bank Khandaker Mozammel Haque passes away at Square Hospital in Dhaka. He was 74.

  • Shafiul Azam reappointed Modhumoti Bank MD

    Md Shafiul Azam has recently been reappointed managing director and chief executive officer of Modhumoti Bank.

  • Don’t deposit funds with weak banks

    The energy ministry has asked Bangladesh Petroleum Corporation (BPC) and Petrobangla not to deposit their funds with weak financial institutions in the hope of getting higher returns in the form of interest.

  • Bangladesh Bank

    Banks to serve till Aug 11 near cattle markets

    Bangladesh Bank issues a circular asking banks to keep their branched near cattle markets open till August 11.

  • One Bank re-elects chairman

    Sayeed H Chowdhury has recently been re-elected chairman of One Bank for a one-year term from August 1.

  • Idea and innovation key to success

    Generating ideas and having a keen mind for innovation are key for a fledgling entrepreneur to attain success, said Md Arfan Ali, president and managing director of Bank Asia.

  • Kamal goes tough on BASIC Bank

    Finance Minister AHM Mustafa Kamal is finally cracking the whip on the wayward BASIC Bank, instructing shuttering of all branches that are in the red for three years in a row along with a host of other strict actions.

  • Loan recovery falters in first quarter

    Banks’ loan recovery in the first quarter of 2019 was 9.68 percent higher than a year earlier, but given the extraordinary rate at which default loans are increasing it seems below par.

  • A challenging time for monetary policy

    Bangladesh has made substantial progress in achieving price and macroeconomic stability. It has succeeded in maintaining inflation in modest single digits range, while also achieving high growth, due in a significant part to sound macroeconomic management.

  • Mastercard offers Eid discounts

    Mastercard recently launched a new campaign marking Eid-ul-Azha offering cardholders discounts at electronics and 30 lifestyle merchants.

  • Bangladesh Bank

    Private credit growth target may be 15pc

    The central bank may set a 1.5 percentage points lower private sector credit growth target for the second half of the year amid the shrinking demand for credit.

  • ADB lifts growth estimate to 8.1pc

    The Asian Development Bank (ADB) has upgraded Bangladesh’s growth estimate for fiscal 2018-19 to what would be the highest in the Asia Pacific region, in what can be viewed as a thumping endorsement for the economy’s tremendous momentum.

  • Bangladesh Bank

    Reschedule of loans: HC questions legality of BB circular

    The High Court questions the legality of a Bangladesh Bank circular allowing defaulters to reschedule their loan with a repayment period of up to ten years.

  • UK parliamentary panel questions StanChart’s remuneration policy

    The head of the British parliament’s Work and Pensions Committee has written to the chair of Standard Chartered Plc’s remuneration committee questioning the bank’s executive pension pay levels after more than a third of shareholders voted against its directors’ remuneration policy.

  • Form cells to monitor large default loans

    The central bank yesterday asked banks to form a special monitoring cell to keep an eye on defaulters with loans of more than Tk 100 crore.

  • NPL at state banks didn’t rise: Kamal

    Finance Minister AHM Mustafa Kamal yesterday said he delivered on his promises he made six months ago that the non-performing loans at the state banks would not go up any longer.

  • Kamal sits with state banks today

    Finance Minister AHM Mustafa Kamal will sit with the chairmen and chief executive officers of the state-owned commercial and specialised banks today to take stock of the overall situation of the financial sector.

  • Bank Asia’s agent banking deposits cross Tk 1,000cr

    Bank Asia’s deposits in agent banking have recently crossed the Tk 1,000 crore mark, further consolidating the bank’s position in the sector.

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