banking

Suspicious transaction, activity reports in banks up 65% in FY23

Suspicious transaction and activity reporting shot up 65 percent year-on-year to 14,106, with 91 percent of the reports filed by scheduled banks, according to the annual report of BFIU

What lies ahead for Bangladesh’s economy?

To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.

Digital banks will bring a revolution in Bangladesh

Once the digital banks are launched, poultry vendors at bustling hubs like Kawran Bazar and even vegetable growers in rural villages will be brought under the banking umbrella

Sustainable finance can catalyse Bangladesh’s renewable energy sector

Conventional finance alone will not help our nation to achieve its full renewable energy potential.

NBFIs asked to have a clear HR policy

There must be a clear policy on overall human resource management approved by the board of directors

Shaping the future of Islamic Banking in Bangladesh: Insights from banking leaders

In the pursuit of providing modern technology and Islamic Shariah-based banking services to the masses in Bangladesh,

Islamic Banking in Bangladesh / Expanding Horizons and Future Prospects

Islamic banking has garnered people’s attention with robust growth over the last decade as a large number of people in Bangladesh prefer the Shariah-based banking system for their financial transactions.

Bank deposits edge up after record outflows, Fed data shows

Deposits at US commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors.

Exclusive: German banks hit by wave of complaints from savers

Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in the sector.

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.

June 3, 2016
June 3, 2016

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.

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