Banking

New DMDs for AB Bank

Mahmudul Alam and Abdur Rahman have recently joined AB Bank as deputy managing directors.
Shasha Denims to acquire majority of EOS Textile shares

Shasha Denims is going to acquire 80 percent of shares of EOS Textile Mills worth Tk 110.68 crore.
Defaulter Root Group to get fresh loans from Janata

In a baffling move, the central bank is set to allow precarious Janata Bank to reschedule default loans amounting to Tk 1,049 crore of little-known Root Group that ranks 49 out of the top 300 defaulters in the country.
Sonali, Janata banks get new chairmen

Two state-owned banks -- Sonali Bank and Janata Bank -- get new chairmen, according to a letter issued by the finance ministry.
Sonali, Rupali MDs swap seats, Agrani’s MD unchanged

The managing directors of Sonali Bank and Rupali Bank yesterday swapped seats for the next three years, in what can be viewed as a baffling round of musical chairs.
MDs of Sonali Bank, Rupali Bank swapped

The managing directors of Sonali Bank and Rupali Bank swaps seats for the next three years, in what can be viewed as a baffling round of musical chairs.
RBI weighs linking some new bank loans to policy rate

The Reserve Bank of India (RBI) is looking to get banks to link some new loans to its key policy rate or other external benchmarks, Governor Shaktikanta Das said on Monday, as he pushes them to cut rates faster to stimulate a flagging economy.
BB policy sparks flurry of loan write-offs

Loan write-offs almost quadrupled in the first quarter of the year on the back of the central bank’s easing of rules, in a sobering reminder of the banking sector’s deteriorating financial health.
Govt’s borrowing from banks almost half of its plan

The government’s bank borrowing last fiscal year was almost half of what it had planned to, thanks to its lower development expenditure and higher sales of national savings certificates, much to the relief of the cash-strapped banking sector.
BB plans uniform method to calculate cost of funds

The central bank is set to come up with a new formula for calculating the cost of funds for banks with a view to bringing down the interest rate on lending, much to the trepidation of bankers.