Banking | The Daily Star
  • Lot of success, lot to do

    Bangladesh needs to sustain higher economic growth and diversify the economy in order to create jobs for a young population, said Kristalina Georgieva, chief executive officer of the World Bank since January 2017.

  • Mastercard acquires Transfast to expand payment network

    Mastercard has announced the completion of its acquisition of Transfast, a global payments company with significant cross-border network reach.

  • Worries among 15 banks, NBFIs over Tk 850cr deposit

    Some 15 banks and non-bank financial institutions (NBFI) that have Tk 850 crore stuck with People’s Leasing Financial Services (PLFS) are on edge over the government’s decision to liquidate the ailing NBFI as they stand to lose a large portion of the sums.

  • Bangladesh Bank

    Don’t panic

    The Bangladesh Bank yesterday assured the depositors of People’s Leasing and Financial Services (PLFS) not to worry about their money as they would be getting it back within the shortest possible time.

  • mastercard payment network

    Mastercard acquires Transfast to expand payment network

    Mastercard has announced the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach.

  • New MD for AB Bank

    Tarique Afzal has recently been appointed president and managing director of AB Bank.

  • Deutsche Bank says to slash 18,000 jobs by 2022

    GERMANY’S biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country’s financial sector looks to escape years of turmoil.

  • Talented people, compliance key to bank’s sound finance

    HIRING and retaining high-quality people, using a robust risk management system and complying with regulatory requirements are some of the key areas that can help a bank attain a sound financial health, said a top banker.

  • Current account deficit narrows 40pc

    A massive decline in import and an inflow of record remittance have helped narrow the current account deficit by 40 percent in the first 11 months of the just concluded fiscal year, much to the relief of the Bangladesh Bank.

  • Tarique Afzal made AB Bank president

    Tarique Afzal has recently been appointed as the President and Managing Director of AB Bank.

  • Bangladesh High Court

    SC extends stay on HC order halting BB circular

    The Supreme Court (SC) extends for two months its stay on a High Court order that halted Bangladesh Bank circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years.

  • Banks contributing to deepening inequality

    Banks in Bangladesh are contributing to the rise in inequality as they collect deposits from people from all walks of life but give loans to only a few, analysts said yesterday.

  • Mercantile Bank gets new chairman

    Lawmaker Morshed Alam has been elected chairman of Mercantile Bank.

  • No handouts for state banks last fiscal year

    State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear sign from the government of its intent to stop pampering the errant lenders.

  • Bangladesh High Court

    SC stays HC order on halting privilege for loan defaulters

    The Supreme Court stays till July 8 the High Court orders that halted Bangladesh Bank’s circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years and get further loans.

  • NRB Bank re-elects chairman

    Mohammed Mahtabur Rahman has recently been re-elected chairman of NRB Bank.

  • BASIC Bank gets new MD

    State-owned BASIC Bank has finally got a managing director. The post had been vacant since November last year.

  • Bank of England chops Q2 growth forecast

    The Bank of England cut its growth forecast for Britain’s economy to zero in the second quarter of 2019 and highlighted risks from global trade tensions and growing fears of a no-deal Brexit.

  • Britain’s smaller banks wallow in giants’ shadow

    Computer meltdowns. Unexplained holes in accounting. Personnel management scandals.

  • RBI relaxes stressed asset guidelines for lenders

    The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower’s accounts within 30 days of default, according to a circular issued on Friday.

  • BoE’s Haldane says time nearing for UK rate rise

    The Bank of England is approaching the time when it will need to raise interest rates again to keep inflation pressures in check, its chief economist Andy Haldane wrote in an article which pushes back strongly against recent market sentiment.

  • IMF’s Lagarde highlights potential disruptive nature of fintech

    International Monetary Fund Managing Director Christine Lagarde warned on Saturday that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the world’s financial system.

  • Sluggish deposit growth poses stability risks: BB

    The continued slowdown in deposit growth can go on to raise concerns of stability of the banking sector, said a Bangladesh Bank report -- in a pressing call to the government to cut down the interest rate on national savings certificates.

  • Banks should be setting interest rates, not others

    Banks should be the only ones setting the interest rates as they offer loans at rates that are based on factors like cost of funds, credit worthiness of a customer and the prevailing market condition, said AKM Shaheed Reza, chairman of Mercantile Bank.

  • Tk 60,000cr for interest payment

    The government’s interest burden is likely to get heavier in the upcoming fiscal year thanks to its excessive reliance on high-cost national savings certificates to fund its expenditures.

  • Bangladesh Bank

    BB steps in to ease Eid liquidity crunch

    The central bank yesterday injected Tk 2,300 crore into the money market to ease liquidity crunch in the banking sector amid the cash withdrawal spree in the lead up to Eid.

  • Syed Faridul Islam

    UCB gets new AMD

    Syed Faridul Islam has recently joined United Commercial Bank (UCB) as additional managing director.

  • Dilwar H Choudhury

    Bank Asia gets new audit committee chairman

    Dilwar H Choudhury has recently been elected chairman of the audit committee of the board of directors of Bank Asia.

  • Govt to inject another Tk 1,500cr

    State banks can keep on expecting to be coddled despite their continued financial irregularities and irresponsible lending practices, with the government looking to inject Tk 1,500 crore in the upcoming fiscal year to help the lenders meet their capital shortfall.

  • Bank Asia elects vice chairman

    Romo Rouf Chowdhury has recently been elected vice chairman of Bank Asia. The election took place at a meeting of the bank’s board of directors, says a statement. Chowdhury is one of the sponsor shareholders as well as sponsor directors of Bank Asia. He holds directorship of various sister concerns of Rangs Group and Sea Fishers Group.