banking

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.

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...

June 3, 2016
June 3, 2016

New StanChart credit card offers savings, cash backs

Standard Chartered launches a new credit card in Bangladesh which will provide customers a host of attractive benefits including savings and cash-backs.

June 2, 2016
June 2, 2016

Philippines cancels license of remittance firm after BB heist probe

Philippine central bank says it revoked the license of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the...

May 30, 2016
May 30, 2016

SWIFT, others blamed in full probe of BB heist

A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance...

March 22, 2016
March 22, 2016

Janata Bank to sue its officer for swindling clients’ FDR money

Days after an official of Janata Bank was learnt to have swindled Tk 1.93 core from clients’ FDR accounts, the bank authorities assure its clients that they will not be affected.

March 17, 2016
March 17, 2016

BB heist: ‘Thin chance of recovery of $81m’

There is a “very low” chance that the government will be able to retrieve the $81 million stolen from the Bangladesh central bank because the money is now likely outside the country, Philippine...

November 17, 2015
November 17, 2015

Banking for growth and humanity

Allocating more funds for training, research, technology, travel, and after-hour education will not only add more human values to the banking profession, but also make our banking sector more...

November 3, 2015
November 3, 2015

SANCHAYAPATRA - A TROJAN HORSE

Sanchayapatra – a supposed welfare instrument – is actually a Trojan horse that threatens the future of our development budget, and thus reduces growth potentials for the nation. The higher the...

September 21, 2015
September 21, 2015

BASIC Bank scam: ACC files 18 cases

Anti-Corruption Commission files a total of 18 cases with three police stations in Dhaka in connection with alleged irregularities and corruption at BASIC Bank.