Banking | The Daily Star
  • Ibn Sina washes its hands of Islami Bank

    Ibn Sina Trust, one of the sponsor shareholders of Islami Bank Bangladesh, is set to sell off its entire 2.24 percent stake in the bank within the next 30 days.

  • Private sector foreign loans a latent danger

    Misuse of funds and rising exchange rate are pushing many short-term foreign loans into the overdue territory and in so doing posing a concern for the economy, analysts said yesterday.

  • Jamuna Bank elects chairman

    Mosharraf Hussain has been elected the chairman of Jamuna Bank.

  • Bangladesh, India, Bhutan, Sri Lanka need more WB funds

    India has made a strong pitch for increased lending by the World Bank and its affiliates for Bangladesh, India, Bhutan and Sri Lanka, in a meeting of the World Bank and International Monetary Fund held in Washington on Saturday.

  • BB mulls guideline to recover bad loans

    The central bank has asked the Association of Bankers Bangladesh (ABB) and the Bangladesh International Arbitration Centre (BIAC) to draft a guideline to recover non-performing loans and amend relevant laws.

  • Online fund transfer to any bank from June

    Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.

  • Banks donate Tk 163cr to PM's relief fund

    The Bangladesh Association of Banks, a forum of private banks' directors, has donated Tk 163 crore to the Prime Minister's Relief and Welfare Fund.

  • Banks have no deposit crisis

    There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

  • Banks have no deposit crisis

    There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

  • Mahabubul Haque Chisty

    Farmers Bank loan scam: ACC quizzes Chisty, 3 others

    The Anti-Corruption Commission grills four accused including Farmers Bank's former Audit Committee chairman Mahabubul Haque Chisty in a case filed over embezzlement of Tk 160 crore and irregularities in loan disbursement.

  • Deal signed for Bangladesh's first 'Digital Islami Wallet'

    Financial technology service provider Dmoney signed an agreement with Al-Arafah Islami Bank Limited at the latter's head office in Dhaka yesterday to launch the country's first “Digital Islami Wallet”.

  • State banks' default loans cross Tk 55,000cr

    The amount of default loans of state-owned banks has reached Tk 55,095 crore as of January 2018, Finance Minister AMA Muhith yesterday told parliament.

  • Finance Minister AMA Muhith

    Govt to consider publishing loan defaulters' names

    Finance Minister AMA Muhith in parliament says the government will consider in future to publish the names, addresses and identities of the bank loan defaulters periodically.

  • WB gives $515m for power, insurance projects

    The World Bank has committed to providing $515 million through two projects, one helping to expand electricity transmission networks and another to improve insurance coverage.

  • Slight step-up in banks' IT security: BIBM

    The banking sector's cybersecurity measures hardly saw any reinforcements despite being struck by one of the biggest cyber heists in history two years ago, displaying the stakeholders' casual attitude towards the rapidly emerging threat.

  • Finance Minister AMA Muhith

    Farmers Bank will be saved

    Depositors of troubled Farmers Bank can now breathe a sigh of relief after Finance Minister AMA Muhith yesterday said the precarious bank will be saved at any cost.

  • Banks get more time to lower advance-deposit ratio

    The banking regulator yesterday extended the deadline for banks to lower their advance-deposit ratio (ADR) by three months to March 31 next year amid pressure from the directors of commercial banks.

  • WB doubts 7.65pc GDP growth estimate

    The World Bank yesterday questioned the 7.65 percent economic growth estimate being peddled by the Bangladesh Bureau of Statistics for fiscal 2017-18, raising doubts over claims of robust expansion of the manufacturing sector and domestic demand.

  • Agent banking most useful for financial inclusion: analysts

    Agent banking is the most useful channel when it comes to providing financial services to the extreme poor, speakers told a national seminar at Amari Dhaka yesterday.

  • Keep watch on banks

    The Metropolitan Chamber of Commerce and Industry yesterday urged the government to pay special attention to banking sector management in the budgetary measures for next fiscal year.

  • Five top Islami Bank officials resign

    Five top officials of Islami Bank Bangladesh have resigned from their jobs following restructuring at the management level.

  • Habibur Rahman

    Prime Bank gets new AMD

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

  • Pvt banks to give Tk 160cr to PM's fund

    The Bangladesh Association of Banks (BAB), a forum of private banks' directors, has taken up an initiative to raise Tk 160 crore for the Prime Minister's Relief and Welfare Fund.

  • Premier Bank scam: ACC summons AL MP Haroon

    Anti-Corruption Commission (ACC) summons an Awami League lawmaker and also a director of Premier Bank at its office for quizzing over allegations of illegally amassing Tk 134 crore in collusion with some bank officials.

  • Govt move raises more concerns

    The decisions taken by the government and the central bank would increase the money supply in the market, but it would encourage

  • Zahid Hussain

    Will CRR cuts bring down lending rate?

    The decision to reduce the Cash Reserve Ratio (CRR) by one percentage point constitutes quantitative easing of monetary policy. A key

  • Misuse of political power renders BB toothless: survey

    Misuse of political power in banking business results in Bangladesh Bank (BB) facing impediments in taking decisions independently along with punitive measures against large scams, says a survey.

  • Cyber security

    Malaysia’s central bank foils unauthorised fund transfer attempts

    Malaysia’s central bank says it detected and foiled an attempted cyber attack and efforts to transfer funds without authorisation using falsified SWIFT messages.

  • 5 banks get Asiamoney award

    Five banks from Bangladesh have recently been awarded at the Asiamoney best bank awards 2018.

  • Private banks' profits slide on piling bad loans

    Private banks' net profits slid for the first time in four years in 2017, dragged down by their ballooning non-performing loans.

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