banking
Banks asked to credit funds to retention quota accounts after LC settlement
The Bangladesh Bank today ordered banks to credit foreign currencies to the retention quota accounts of suppliers after the settlement of the amount against back-to-back letters of credit (BBLCs).
Student banking services: A necessity for the next generation
Among the many benefits of a student bank account, students are able to conduct banking transactions from remote locations. Applying for loans to pursue higher education, zero maintenance fee, reward points, and multi-currency debit/credit cards are just some of the major benefits of a student bank account.
Banks asked to credit funds to retention quota accounts after LC settlement
The Bangladesh Bank today ordered banks to credit foreign currencies to the retention quota accounts of suppliers after the settlement of the amount against back-to-back letters of credit (BBLCs).
Anwarul Amin’s memoir revisits the first Bangladeshi bank established abroad
In a discerning recollection of events, esteemed retired banker Anwarul Amin has released his memoir about opening the first branch of a Bangladeshi bank abroad.
10 years’ work experience now enough to be a bank’s CFO
Any banker with 10 years of work experience can now be appointed or promoted as chief financial officer (CFO) at any bank or financial institution.
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.
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.