Dubious reward for a select few

Only a select 27 employees of NRBC Bank were given salary hikes, and that too astonishingly, in 2022 in violation of banking rules as well as NRBC’s own human resources policy
22 March 2024, 18:00 PM

NRBC branch covered up capital flight

Export proceeds worth at least $3.45 million (Tk 34.41 crore) were not repatriated by six customers of NRB Commercial Bank’s Uttara branch, and the bank concealed the trail of the capital flight, according to the bank’s internal audit and case documents.
21 March 2024, 18:00 PM

Gold price hiked to Tk 114,074, a new record

The new rate comes two days after a price cut
21 March 2024, 15:15 PM

Four insurers show-caused for Tk 264 crore unsettled claims

The four are: Sunflower Life Insurance, Progressive Life Insurance Company, Sunlife Insurance Company and Homeland Life Insurance Company
21 March 2024, 14:10 PM

Gun in NRBC Bank boardroom

During the 40th board meeting of NRBC Bank on February 7, 2016, current Chairman Tamal Parvez and Director Adnan Imam entered the boardroom accompanied by a man carrying a large gun. Both Tamal and Adnan were board directors back then.
20 March 2024, 18:00 PM

Shop owners lambast ‘meaningless’ price fixing of 29 commodities

They demand cancellation of the prices fixed by the Department of Agricultural Marketing on March 15
19 March 2024, 14:00 PM

Gold to be Tk 1,750 cheaper from tomorrow

Each bhori 22-carat gold will cost Tk 111,158
19 March 2024, 09:41 AM

Exim-Padma Bank merger to take at least 18 months

The planned merger of Shariah-based Exim Bank and struggling Padma Bank is likely to take between 18 months to two-and-a-half years to complete, according to central bank officials.
18 March 2024, 18:00 PM

Banks can't impose any fine on supervision charges: BB

New guideline on supervision charge issued
18 March 2024, 14:25 PM

‘Govt agencies extorting restaurants in the name of raids’

The Bangladesh Restaurant Owners' Association (BROA) claims
18 March 2024, 13:28 PM

Exim Bank, Padma sign MoU for merger

The MoU will open the process of merger
18 March 2024, 05:31 AM

How far a tough central bank can help?

All stakeholders, including the citizenry, have for years been warning about the deteriorating health of Bangladesh's banking sector. Hard data such as those on the prevalence of default loans have also been indicating the same. .A recent Bangladesh Bank report is the latest to reaffirm
16 March 2024, 18:00 PM

BRAC Bank launches bancassurance service

The bank will initially offer insurance products from MetLife Bangladesh and Green Delta Insurance
14 March 2024, 14:58 PM

Forex reserves fall below $20 billion after import payments

$1.29 billion import bills cleared last week, which brought down the reserves to $19.99 billion on Wednesday
14 March 2024, 14:48 PM

SM Mannan Kochi nominated as new BGMEA president

Syed Nazrul Islam new first vice-president and Khandoker Rafiqul Islam senior vice-president
14 March 2024, 11:44 AM

First-ever guideline for non-banks’ independent directors

The minimum age of such directors is 45 years and maximum 75 years
13 March 2024, 14:04 PM

Ban on foreign travel, trade licence, national award for wilful defaulters

Bangladesh Bank issues new guideline on wilful defaulters today
12 March 2024, 14:39 PM

Banks can voluntarily merge until December: Bangladesh Bank

After December, the central bank will take decision on merger, acquisition
12 March 2024, 13:32 PM

Banks to face half-an-hour downtime for four days from today

Banks should use alternative channels for card-based interbank transactions from 10:30pm to 11pm
11 March 2024, 12:52 PM

SM Mannan Kochi all set to be next BGMEA president

Kochi bagged all 35 posts of directors in the biennial election for 2024-26 tenure
9 March 2024, 18:53 PM