VALENTINE'S DAY: Special offers galore for plastic money
Most banks have come up with a bundle of packages to make a good business on the occasion of Valentine's Day when people go for a spending spree to celebrate the most romantic day of the year.
11 February 2019, 18:00 PM
BSRM to set up wire plant for Tk 459cr
BSRM Group is set to establish a wire manufacturing plant at Mirsarai in Chattogram at a cost of Tk 459 crore as the country's leading
9 February 2019, 18:00 PM
Credit demand to surge to fund infrastructure projects
Liquidity management will be the major challenge for the banking sector in 2019 as credit demand from both public and private sectors will surge on the back of the ongoing mega projects, said a top banker.
30 January 2019, 18:00 PM
Advance-deposit ratio now within regulatory limits
The average advance-deposit ratio (ADR) of private banks came down within the regulatory limit in September last year after going
29 January 2019, 18:00 PM
Agrani Insurance evades huge VAT
A policyholder of Agrani Insurance Company Ltd paid a premium of Tk 270,094 against a fire insurance policy in May 2016. The required value-added tax on the premium was Tk 40,514.
24 January 2019, 18:00 PM
Crescent curse on Janata
The Customs Intelligence claimed to have detected that Crescent Group laundered Tk 1,297.65 crore abroad against 657 fake export bills in collusion with some officials of Janata Bank's Imamganj branch in Dhaka.
17 January 2019, 18:00 PM
Centralised Decision-Making: Bank services slow down
Faruk Hussain was waiting for about an hour at the branch office of a private bank in the capital's Karwan Bazar to encash his boss' savings scheme.
17 January 2019, 18:00 PM
Lending rates edging up
The interest rate on lending is on the rise amid high import pressure and hunt for deposits at the end of last year.
16 January 2019, 18:00 PM
Le Méridien issues Tk 1,200cr bond to pay off loans
Best Holdings, the parent company of Le Méridien Dhaka, issued a bond to raise Tk 1,200 crore with a view to paying off its bank loans, which it
14 January 2019, 18:00 PM
Islamic banks' excess liquidity shrivels
Shariah-based banks saw a sharp fall in excess liquidity in the third quarter of last year because of aggressive investment to the point of violating the ceiling set by the central bank.
10 January 2019, 18:00 PM
Two new insurers may get licences
The government is set to hand out licences for new insurance companies although many newer insurers are yet to find a toehold in the industry
8 January 2019, 18:00 PM
State banks' cash recovery flatters to deceive
Despite the huge loan rescheduling spree, the four state-owned banks saw poor cash recovery from their top defaulters in the first nine months of 2018.
6 January 2019, 18:00 PM
Janata sinks into colossal losses
Janata Bank logged in losses of Tk 3,132 crore in the first nine months of 2018, a stunning reversal in fortune for the state-owned bank as loan irregularities finally take a toll.
2 January 2019, 18:00 PM
Voting in Lalmonirhat-3: First 3 hours peaceful, then come AL men
The first three hours were peaceful, even festive at times as people came in to cast their vote at the polling centres in the Lalmonirhat 3 constituency since early morning.
30 December 2018, 18:00 PM
Lalmonirhat-3: No respite for BNP even before polls day
While BNP supporters remained out of the field even on the day before the national polls fearing arrest and police harassment in Lalmonirhat-3 constituency, Awami League activists were active with last moment electioneering in support of the Jatiya Party candidate.
29 December 2018, 18:00 PM
Deposit growth shrinks on election pressure
Despite intense efforts to mobilise funds, the banking sector saw a sharp fall in deposit growth in October amid withdrawal pressure
24 December 2018, 18:00 PM
Farmers Bank: Dramatic rise in loan default
With Farmers Bank, no-one knows when the woos will end. And as days go by, more and more depressing statistics are coming out.
20 December 2018, 18:00 PM
AL recognises banking crisis
The ruling Awami League yesterday said it would take steps to rescue the ailing banking sector if it retains power, in an apparent recognition of the crisis that has been plaguing the industry for years.
18 December 2018, 18:00 PM
Higher expenses weigh on life insurers
Most of the life insurance companies spent more than they earned in April to June, putting a negative impact on life funds and eroding their capacity to settle claims.
16 December 2018, 18:00 PM
Bangladesh: most underinsured nation
Bangladesh is the most underinsured country in the non-life insurance category, standing to lose as much as 0.8 percent of GDP from natural disasters a year, said Lloyd's of London, one of the leading insurance markertplaces in the world.
15 December 2018, 18:00 PM