Many banks may became commercially unviable for lending rate cap.

The central bank move to cap lending rates at 9% and the pandemic fallout is now colliding with a weak financial system that may...

Bankers worry over salary reductions

Private banks have started walking on the path of reducing the salaries of the employees to cover the loss of corona. Many have already...

Fazle Kabir to get reappointment as BB Governor

The government is going to extend the tenure of Bangladesh Bank (BB) Governor Dr Fazle Kabir for another two years after completion of his...

Tanjil Chowdhury has been elected as the new chairman of Prime Bank Ltd.

At its 500th board meeting on June 1, the bank's board of directors unanimously elected Tanjil as the chairman, and he is succeeding Azam...

Bank borrowing ballooned against target

The government has borrowed Tk 64,296 crore from banks in the eleven months (July to May) of the 2019-20 fiscal, 37.30 percent more than...

Immediate offloading share of state-owned commercial banks is impossible-BSEC

Immediate offloading share of four state-owned commercial banks are not possible as auditing and accounting of those banks are inadequate for proper valuation, regulators...

Govt wants involve board directors in disburse Tk 1.0 lakh crore stimulus package. Banking...

The government wants involve board of directors of state owned banks in speedy disburse over Tk 1.0 lakh crore incentive package announced for businessmen. It...

Stringent clauses fail businessmen avail Covid- 19 stimulus packages  

Most of the businessmen are not able to use the government offered stimulus package as they have short of fresh mortgage and many of...

Expense on Post Office Savings Scheme again pulled down

The government again took U-turn to Post Office Savings Scheme as from now on an individual can invest maximum Tk 10 lakh instead of...

Corporate Scandal; Sikder Group owners ‘shot and tortured’ Exim Bank MD over loan

Two directors of Sikder Group forced Exim Bank's Managing Director (MD) Mohammad Haider Ali Mia and Additional MD Mohammad Firoz Hossain for higher valuation...