Dash-8 crash adds to woes of Biman
Just two months ago, Biman Bangladesh Airlines shelled out $559,000 (Tk 4.7 crore) for thorough upkeep of a Bombardier Dash-8
21 May 2019, 18:00 PM
BB needs operational independence
Operational independence is needed for Bangladesh Bank to take supervisory actions and stop the government’s interference in the
12 May 2019, 18:00 PM
Biman ticket sale shoots up
Biman Bangladesh Airlines has seen a sharp rise in ticket sales which the aviation ministry claims was due to a drive against corruption in ticketing.
7 May 2019, 18:00 PM
Loans getting costlier amid cash crunch
In the last one and a half years a home loan borrower of Delta Brac Housing (DBH) has experienced a hike in his interest rate three times.
7 May 2019, 18:00 PM
Biman to resume Dhaka-Delhi flight as Jet Air bows out
Biman Bangladesh Airlines is set to resume direct flight operations between Dhaka and Delhi after a five-year gap following Jet
20 April 2019, 18:00 PM
Regent cuts fleet size to beat financial woes
Regent Airways has moved to shave off two aircraft from its fleet as part of its plan to ride out the financial crisis the local airline has
13 April 2019, 18:00 PM
Insurers' premium income goes up
The insurance sector's income growth from premium hit an eight-year high last year thanks to heightened efforts by insurers to revive lapsed insurance policies.
30 March 2019, 18:00 PM
Sonali Bank: once bitten, twice shy
Sonali Bank has emerged as an anomaly in the banking sector, logging in almost half the loan-deposit ratio than other banks last year, at a time when most were gasping to contain their ratio to within the authorised limit.
27 March 2019, 18:00 PM
Private banks sweating out over deposits
Private banks saw a decline in deposit growth in December last year despite offering higher interest rates, highlighting the ongoing
24 March 2019, 18:00 PM
NRBC restoring confidence
NRB Commercial Bank Ltd, which was hit with loan irregularities soon after its launch, is rebounding on the back of support from the directors, empowered management and intensified efforts to cut bad loans, said its top executive.
23 March 2019, 18:00 PM
BASIC drowning in default loans
BASIC Bank continues to be overwhelmed with default loans despite going on a loan rescheduling spree, with the scam-hit bank logging in operating loss of Tk 118 crore last year.
17 March 2019, 18:00 PM
Bailout for big loan defaulters
Bangladesh Bank and a government committee have come up with a generous scheme to allow easy rescheduling of defaulted loans, which experts say will hurt the banking sector and the economy at large.
17 March 2019, 18:00 PM
Sonali's profit hits 7-year high
Sonali Bank logged the highest net profit in seven years thanks to its deposits with different banks and massive drives to recover funds
9 March 2019, 18:00 PM
Dragged down by directors
The burden of a dead mobile operator, widespread loan fraudulence, mismanagement and influence of a sponsor director were what dragged the once sound AB Bank into the reds.
6 March 2019, 18:00 PM
Credit growth stalls in Jan
The private sector credit growth did not rise as expected in January even after the largely peaceful general elections as banks were
5 March 2019, 18:00 PM
Janata sinks into Tk 6,063cr loss
Just two big borrowers have plunged the once-profitable Janata Bank into such a precarious situation that the state-owned lender may
3 March 2019, 18:00 PM
JMI investing Tk 620cr to build LPG plant
JMI Group, a manufacturer of medical devices, is set to invest Tk 620 crore to build an LPG (liquefied petroleum gas) plant at Sitakunda in Chattogram to supply the energy to households.
28 February 2019, 18:00 PM
Banks' CSR spending soars despite lower profits
Banks' spending on corporate social responsibility shot up last year, even overshooting the regulatory ceiling -- at a time when they logged in lower profits for higher provisioning needs from the mounting default loans.
21 February 2019, 18:00 PM
Deposit through agent banking rises 122pc
Deposits collected through agent banking rose a whopping 122 percent last year from the previous year whereas the whole banking sector experienced a fall in deposit growth.
13 February 2019, 18:00 PM
Bashundhara to invest Tk 447cr to boost cement production
Bashundhara Industrial Complex, the cement manufacturing arm of Bashundhara Group, is set to expand its production capacity with a view to meeting the fast-growing demand for the construction material amid mega project-implementation spree.
12 February 2019, 18:00 PM