banking

October 22, 2022
October 22, 2022

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.

August 16, 2022
August 16, 2022

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).

December 18, 2021
December 18, 2021

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.

August 5, 2021
August 5, 2021

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.

March 31, 2019
March 31, 2019

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.

March 22, 2019
March 22, 2019

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.

April 2, 2018
April 2, 2018

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.

August 14, 2017
August 14, 2017

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.

June 7, 2016
June 7, 2016

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.

June 3, 2016
June 3, 2016

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.