NPL soars by Tk 1.90 lakh crore during AL regime
The banking sector witnessed a staggering increase in the non-performing loans by Tk 1,90,000 crore in the past 14 years since 2009, when the Awami League-led government assumed...
Tags : banking
Prime Bank launches Islamic Payroll Banking services
Prime Bank has launched Islamic Payroll Banking services to cater the growing demand for shariah-compliant financial solution, said a press release issued on Sunday...
Banking sector reform hinges on resolving political issues: experts
Economists and experts on Friday said that current problems of the financial sector could not be resolved without addressing the underlying political problems, as economic outcomes were connected to the...
Businesses demand reforms in bank, revenue sectors
The country鈥檚 business leaders on Tuesday urged the government to maintain enhanced law and order situation and make reforms in the banking sector and tax administration to restore a favourable business environment...
Bank plunderers to be tracked down: Bangladesh Bank governor
Newly appointed Bangladesh Bank governor Ahsan H Mansur said they would track down oligarchs created during the immediate past political regime in both home and abroad to recover funds stolen by them from the country鈥檚 banking sector...
Offshore banking gains ground amid dollar crisis
Offshore banking is becoming increasingly significant in Bangladesh, emerging as a pivotal sector for attracting foreign currency through enhanced investment and international trade facilitation...
Understanding offshore banking
Offshore banking involves the cross-border intermediation of funds and provision of services by banks located in offshore financial centres to non-residents...
Offshore banking boosts trade efficiency: BRAC Bank MD
Selim RF Hussain, managing director and CEO of BRAC Bank PLC, emphasised that the availability of foreign exchange liquidity through offshore banking enhances the efficiency of foreign trade financing, leading to cost-effective and greater economic efficiency...
Regulatory support remains crucial: Prime Bank DMD
Offshore banking in Bangladesh has evolved significantly since 1985, with loans totalling nearly $7 billion. However, regulatory support remains crucial for sustaining this growth, according to Shams Abdullah Muhaimin, deputy managing director of Prime Bank...
BB suspends Nagad Digital Bank license
The Bangladesh Bank governor Ahsan H Mansur on Thursday said that the digital banking license for Nagad Digital Bank PLC was suspended and the central bank would review the process...
Business situation improving, but issues to be addressed
Businesses on Thursday said that the country鈥檚 business situation was gradually improving, but issues such as smooth logistics, banking services and security in...
Revamp of constitution demanded
Speakers in a discussion on Wednesday demanded a revamp of the constitution to plug loopholes preventing any dictators from rising in future...
Govt, central bank must put banking sector in order
The banking sector is in a bad shape as massive irregularities gripped most banks and non-bank financial institutions in 15 years. The sector ran, as the Centre for Policy Dialogue says, beyond regulatory control while the central bank favoured certain individuals and groups. The think tank says that Tk 92,261 crore was embezzled in 24 major banking scams...
Tk 92,261 crore embezzled in bank scandals in 15 yrs: CPD
Approximately Tk 92,261 crore has been embezzled in 24 major banking scandals between 2008 and 2023, according to think tank Centre for Policy Dialogue.
Banking sector in need of immediate attention
A CLASH between two groups of employees of Islami Bank on August 11 and reported tension in some other banks and financial institutions demand early attention of the authorities. At least six Islami Bank employees were injured as unnamed attackers fired into them. The clash erupted when the bankers appointed before 2017, when the S Alam Group with the...
Restoring economy immediate challenge
The immediate challenge for the proposed interim government will be restoring the economy suffering heavy disruption over the student-led mass protests culminated in the fall of the Sheikh Hasina-led government...
Loan-deposit rate gap hits 16-yr high
The weighted average interest rate spread in Bangladesh鈥檚 banking sector surged to 5.86 in May, the highest since 2008...
Govt borrows Tk聽94,281cr from banks in FY24
The government borrowed Tk 94,281 crore from the country鈥檚 banking system in the financial year 2023-24 while its revised target for the borrowing for the period was Tk聽1,55,935 crore...
Online banking, MFS collapse amid internet shutdown
Internet-based financial services, including online banking and mobile financial services, collapsed as internet services were suddenly shut down on Thursday.
BB issues rules for external audit of banks
The Bangladesh Bank on Tuesday issued rules on external audit of banks with the aim of strengthening financial governance, transparency and accountability in the country鈥檚 banking sector...
HSBC gets Asset Triple A award
The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been honoured with the 鈥楤est Sub Custodian of the Year鈥� recognition at The Asset Triple A Sustainable Investing Awards 2024, according to a press release...
BB now offers exit option to loan defaulters
The Bangladesh Bank on Monday introduced an exit policy for loan defaulters after its various efforts to curb the rising tide of bad loans in the country鈥檚 banking sector...
Cash outside banks rises for 7th straight month
The amount of cash held outside the country鈥檚 banks increased for the seventh consecutive month in May amid low confidence of depositors in the banking sector and...
Bangladesh to discuss offshore banking opportunities with Saudi Arabia: FM
Foreign Minister Hasan Mahmud on Sunday said that Bangladesh would discuss financial sector cooperation with the Kingdom of Saudi Arabia, focusing on attracting deposits from Saudi companies into offshore banking accounts....
Money realisation suit against ex-First Finance Limited MD Tuhin Reza rejected
A Dhaka court on Wednesday rejected a suit filed by First Finance Limited, a non-banking financial institution, against its former additional managing director Tuhin Reza for realisation money of Tk 18.50 lakh, he allegedly approved, as advanced withdrawal...
Internet banking transactions double in one year
The amount of internet banking transactions in Bangladesh has doubled over the past year, reflecting an increase in adoption of digital financial technologies...
Short-term foreign loan rises after 10-month fall
The amount of private sector short-term foreign loans increased in April, as businesses turned to overseas loans considering rising interest rates and liquidity crunch in the...
Bank sector needs overhaul to rescue economy
Economist Ahsan H Mansur on Wednesday said that the country鈥檚 economy would collapse if a strategy for restructuring the ailing banking sector was not taken straightaway...
Cash outside banks keeps soaring
The amount of cash held outside the country鈥檚 banks increased for the fifth consecutive month in April amid low confidence of depositors in the banking sector and inflationary pressures....