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Tags : bank


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Bangladesh Bank predicts sluggish economy in FY25

The Bangladesh Bank is not optimistic about the country’s economic outlook for the 2024-25 financial year as the central bank on Monday predicted economic growth would remain sluggish at about 4-5 per cent in FY25 due to a host of challenges...

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Persistent contractionary MPS to harm pvt sector: DCCI

The Dhaka Chamber of Commerce and Industry expressed concern over the Bangladesh Bank’s decision to maintain a contractionary monetary policy in the second half of the 2024-25 financial year, keeping the policy rate at 10 per cent...

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City Bank okays Tk 800cr bond

The City Bank’s board of directors has approved the issuance of a subordinated debt bond worth Tk 800 crore to meet capital requirements under the Basel-III framework to support the bank’s continuous business growth...

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WB prefers new tax measure only thru budget

Visiting World Bank vice-president Martin Raiser on Sunday said that the imposition of any new tax measure or tax expenditure should be made through the national budget...

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MONEY LAUNDERING: Ex-Basic Bank chair Bacchu sued again

The Anti-Corruption Commission on Sunday filed another four cases against former Basic Bank chairman Sheikh Abdul Hye Bacchu and his family members, accusing them of amassing illegal wealth amounting to Tk 248 crore and laundering money to Canada...

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Southeast Bank approves Tk 1,000 crore bond

Southeast Bank Limited has announced the issuance of a fully redeemable, non-convertible, unsecured, floating-rate subordinated bond as part of its efforts to enhance the bank’s Tier-II capital...

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OBPLC gives scholarship to Ctg students

ONE Bank PLC, as part of its CSR programme, arranged a scholarship giving ceremony for underprivileged meritorious students of Chattogram zone, said a press release...

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Professor Yunus directs to bring bank looters to justice

Bangladesh interim government chief adviser Professor Muhammad Yunus on Sunday directed the Bangladesh Bank governor and the authorities concerned to bring those involved in looting money from banks to justice as soon as possible.

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Meghna Bank partners with Priyoshop

Meghna Bank PLC has recently formed a strategic partnership with Priyoshop.com Limited to enhance payment solutions for the e-commerce platform...

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RBI delivers first rate cut since 2020

India’s central bank cut interest rates Friday for the first time in nearly five years, as concerns over a growth slowdown in the world’s fifth largest economy outweighed inflation risks.

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Forex reserve crosses $20b again

Bangladesh’s gross foreign exchange reserves, calculated under International Monetary Fund (IMF) guidelines, have surpassed $20 billion again, driven by strong remittance inflows...

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West Bank healthcare in dire state: MSF

The healthcare system in the occupied West Bank has been in ‘a state of perpetual emergency’ since October 2023, the Doctors Without Borders group said in a new report published on Thursday.

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SEB discusses 2025 roadmap

Southeast Bank PLC, during its 754th board meeting, held detailed discussions on strategic business initiatives and roadmap for 2025 and reviewed its performance for 2024, said a press release...

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Remittance surge boosts current account to surplus

The country’s current account balance turned positive in July-December period of FY25, primarily due to a sharp surge in remittance inflows, compared to the same period in FY24...