Banks
Deposits safe in banks being merged: BB
Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.
Inflation, exchange rate stability should get priority: experts
ICMAB organises a pre-budget discussion
Depositors’ money in merged banks will remain completely safe: BB
Accountholders of merged banks will be able to maintain their respective accounts as before
Aziz Mohammad Bhai buys 27 lakh new shares of Olympic Industries
He now holds 17 percent or Tk 499 crore worth of shares of the company
BDBL board okays merger with Sonali Bank
As of December 2023, BDBL had Tk 982 crore bad loans and Sonali Tk 13,150 crore
Basic, National Bank Mergers: People withdrawing money in panic
A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.
Pubali Bank posts highest ever annual profit in 2023
The bank made Tk 695.12 crore, a 30% rise year-on-year
ACC sues 5 Janata Bank officials for embezzling Tk 5.22cr
The Anti-Corruption Commission yesterday filed a case against five officials of Janata Bank for embezzling Tk 5.22 crore from Tamai branch in Sirajganj.
BRAC Bank logged 35% profit growth in 2023
BRAC Bank PLC registered a 35 percent increase in profit to Tk 827.50 crore last year thanks to its focus on small and medium enterprises (SME) and technology-based customer services, which added over 3.60 lakh new customers.
Forced bank mergers could be counterproductive
The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.
ICB Islamic Bank in dire straits
After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance.
Credit card use slightly up
Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023
High bad loans a 'big threat' to financial sector: BB
The central bank said in quarterly review on money and exchange rate
Forex reserves fall by half a billion in a week
It hit $19.45 billion on March 27, down from $19.98 billion on March 20
Banks’ CSR spending slumps
Banks’ spending on socially impactful schemes as part of their corporate social responsibility (CSR) fell in the second half of 2023, said a central bank report yesterday..During the July-December period of last year, banks spent Tk 353 crore on CSR-related activities, which was 31 percent
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
SWIFT planning launch of new central bank digital currency platform in 12-24 months
The move is likely to be fine-tuned to when the first major ones are launched
