banking | The Daily Star

  • Recovery fails to keep pace with default loan spike

    The pace of recovery of banks' nonperforming loans (NPL) was much lower than the rate at which their NPL increased last year -- an ominous development for the sector.

  • Banks on loan write-off spree

    Loans written off by banks surged 20 percent last year as efforts to rein in default loans did not pay off.

  • Finance Minister AMA Muhith

    Pvt banks given more benefits

    In yet another compromise with directors of private commercial banks, the government yesterday decided to slash the cash reserve requirement or CRR of banks by one percentage point to 5.5 percent for their benefit.

  • Banking services vulnerable to fraud

    In spite of Tk 25 lakh being stolen using around 40 cloned cards in February last year, identity theft by miscreants, exploiting weaknesses in credit and debit card security systems, ATMs, point-of-sales (POS) and banks, is continuing alarmingly in the country.

  • Massive theft in banking sector: Muhith

    Finance Minister AMA Muhith admits in Parliament that there are some irregularities in the banking sector and it is massive at times.

  • BGMEA urges continuation of 0.3% source tax

    A day after the government announced the proposed budget for 2016-17 fiscal year, the garment makers demand continuation of 0.3 percent source tax instead of increasing it to 1.5 percent.

  • SWIFT fights to restore faith after BB heist

    The chief executive of secure messaging system SWIFT says the theft of $81 million from Bangladesh's central bank, by criminals sending fraudulent payment instructions via SWIFT, would force the organisation to shrink and review its strategy.

  • New StanChart credit card offers savings, cash backs

    Standard Chartered launches a new credit card in Bangladesh which will provide customers a host of attractive benefits including savings and cash-backs.

  • Philippines cancels license of remittance firm after BB heist probe

    Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.

  • SWIFT, others blamed in full probe of BB heist

    A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance minister. It has found SWIFT and others responsible for the heist.

  • Janata Bank for Auction

    Janata Bank to sue its officer for swindling clients’ FDR money

    Days after an official of Janata Bank was learnt to have swindled Tk 1.93 core from clients’ FDR accounts, the bank authorities assure its clients that they will not be affected.

  • BB heist: ‘Thin chance of recovery of $81m’

    There is a “very low” chance that the government will be able to retrieve the $81 million stolen from the Bangladesh central bank because the money is now likely outside the country, Philippine senator says.

  • Banking for growth and humanity

    Allocating more funds for training, research, technology, travel, and after-hour education will not only add more human values to the banking profession, but also make our banking sector more productive in the long-run.

  • SANCHAYAPATRA - A TROJAN HORSE

    Sanchayapatra – a supposed welfare instrument – is actually a Trojan horse that threatens the future of our development budget, and thus reduces growth potentials for the nation. The higher the sale of NSCs, the higher the future interest liability which will definitely eat up a bigger pie of our budget, reducing the share of the Annual Development Programme (ADP).

  • BASIC Bank scam: ACC files 18 cases

    Anti-Corruption Commission files a total of 18 cases with three police stations in Dhaka in connection with alleged irregularities and corruption at BASIC Bank.

  • HSBC fires staff for mock IS execution video

    British bank HSBC fires six staff after they filmed a mock Islamic State-style execution video during a team-building day out and posted footage online.

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