Dhaka, Saturday, 28 November 2020

IDCOL to Mobilise $250m for RMG Energy Efficiency

      Apparel Correspondent : Infrastructure Development Company Limited (IDCOL) plans to mobilise US$ 250 million to help make the country’s garment sector energy efficient. Of the total, $150 million will be sought ...

2019-11-11 | More

FM vows to raise tax-GDP ratio to 15pc in 2yrs

      Staff Reporter : Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot ...

2019-06-23 | More

Black money whitening opportunity: Subjected  to investment

      Staff Reporter : Bangladesh government is yet again giving scope to whiten black money, subjected to investment for the grooming of industrial sector.      

2019-06-23 | More

ACC set to get direct access to tax files, banker’s books

Staff Correspondent: Anti-Corruption Commission is set to get direct access to income tax files and banker’s books for the purpose of investigation into corruption allegations against a person as the ...

2019-05-25 | More

Green projects barely attract banks

      Staff Correspondent: Banks are reluctant to disburse green loans due to lack of awareness, found a study of the Bangladesh Institute of Bank Management (BIBM), in a major setback for ...

2018-12-24 | More

BB gives nod to set up Community Bank for Police

      Staff Correspondent: The central bank has decided to give licence to one more private commercial bank a few months ahead of the national elections. Proposals for two other banks are ...

2018-08-29 | More

Prime Bank gets new AMD

Staff Correspondent: Prime Bank's deputy managing director Habibur Rahman has been promoted to the post of additional managing director.

2018-04-04 | More

Private sector credit growth continues to rise

Staff Correspondent: Private sector credit grew 18.49 percent in February, up from 18.36 percent a month earlier and way past the central bank's target of 16.3 percent, dispelling the notion ...

2018-04-04 | More

Govt moves to tighten grip on money laundering

      Staff Correspondent: Government has decided to pool information resources on money laundering in a single file to better track the capital flight and work in a coordinated way to bring ...

2018-04-02 | More

57 banks charging double digit interest rates

      Staff Correspondent: All 57 commercial banks in the country are charging double digit interest rates on loans from businesses, Bangladesh Bank (BB) says. Some banks are charging more than 15% ...

2018-04-02 | More

Banking system trails economic growth pace

Staff Correspondent: Bangladesh’s banking system, especially the central bank, falls behind the country’s growth, creating a mismatch, says an expert.

2018-03-14 | More

After banks, NBFIs hike interest rates

Staff Correspondent: After banks, non-bank financial institutions have now hiked their lending rates by two percentage points due to the sudden liquidity crisis in a development that will hit the SME ...

2018-02-11 | More

BB relaxes incentive terms for new RMG market exploration

Staff Correspondent:  Apparel exporters are now entitled to get the new market exploration assistance even if they bring export proceeds from any third country as the central bank on 25 ...

2018-02-07 | More

Credit to private sector squeezes in December

Staff Correspondent: Credit to private sector squeezed in December after a preceding upturn as most banks tried to comply with strictly-enforced advances-deposit ratio (ADR) rules, bankers said.

2018-02-07 | More

BB asks banks to tighten offshore lending

Staff Correspondent: Bangladesh Bank has asked banks to tighten their lending in foreign currency through their offshore banking units with the view to stabilising the exchange rate. The instruction came ...

2017-11-19 | More

Private sector credit demand optimistic

Staff Correspondent: Private sector credit growth stood at 17.8 percent in September in continuation of the high growth registered in the last few months due to increased demand for credit ...

2017-11-19 | More

FDI hit record $2.45b last fiscal year

Staff Correspondent: Foreign direct investment hit an all-time high of $2.45 billion in fiscal 2016-17 on the back of a surge in equity investment by mobile phone operators. The inflows ...

2017-11-02 | More

Premier Bank celebrates 18th anniversary

Staff Correspondent: The Premier Bank Limited celebrated its 18th anniversary at the bank’s head office in the city on 26 Oct, 2017 with a commitment to serve the people and ...

2017-11-02 | More

BB grills NRBC Bank CEO over loan scandal

Staff Correspondent: Bangladesh Bank has grilled NRB Commercial Bank’s Managing Director Dewan Mujibur Rahman on charge of his alleged involvement in a number of loan scandals. A BB standing committee ...

2017-11-02 | More

UK regulator orders Sonali Bank UK to wind down

Staff Correspondent: The regularity authorities in the UK have decided to wind down Sonali Bank (UK) Ltd (SBUK) as it has plunged into a deep crisis due to bad governance ...

2017-11-02 | More