Bank News
-
Bangladesh Lender cuts repurchase price and reserve ratio to inject liquid money into economy
The central bank today cut both policy rate and cash reserve ratio (CRR) once more to inject liquid funds into...
-
2019 was a stellar year for Standard Chartered Bangladesh
2019 was a stellar year for Standard Chartered BangladeshStandard Chartered Bangladesh logged in 14.33 % higher profits for 2019, marking...
-
Banks to seek help fulfil gigantic stimulus package
Banks have decided to call upon the central bank to take more policy measures to allow them to implement the...
-
Banks asked never to charge late costs for credit cards
Bangladesh Bank yesterday asked lenders not to impose any late payment service fees on credit cardholders, who have found it...
-
BB asks exporters to use for loans from stimulus package immediately
Export-oriented industries will have to make an application for loans immediately if they would like to get funds from the...
-
The 9pc lending rate from the following month seems unlikely
Banks' capacity to provide loans at 9 % interest has shrunk even prior to the government-fixed ceiling is implemented as...
-
BB to permit clients to settle interbank cross cheques during closure
The central bank yesterday said clients will be permitted to settle their interbank cross cheques to permit the government and...
-
BB takes more steps
Bangladesh Bank yesterday issued four notices centring the ongoing global pandemic, including one instructing banks to simply accept advance payments...
-
Bring on fiscal policy
If there ever was a challenging time for fiscal policy, that is it! The budgeting season for the federal government...
-
School banking getting traction
University banking is increasingly buying popular among students as the deposits within their accounts crossed Tk 1,600 crore in 2019.As...
-
Govt again miskicks in the stock market
There is a Spanish proverb that goes along the lines of pouring water on a drowned mouse, which means investing...
-
Swiss institutional investor raises its stakes in BATBC
The existing rout of the Dhaka bourse includes a silver lining: many well-performing companies are becoming bargains.Swiss wealth management firm...
-
The curious rise of Islamic banking in Bangladesh
Conventional banks have to maintain 18.5 % statutory liquidity ratio (SLR) and cash reserve requirement (CRR) of their total clients'...
-
Postal financial savings schemes go digital
The government yesterday initiated the automation of ordinary and fixed deposit accounts under POSTOFFICE Savings Bank to ensure transparency and...
-
Silver lining for the banking sector as being loan recovery soars found in 2019
Pushed into a restricted corner banks put up a spirited fight against the mounting default loans last year, as their...
-
Loan write-offs sink to a good five-year low
Loans written-off by banking institutions plunged to a good five-year lower in 2019 as loan providers recommended relaxed rescheduling facility...