Jebun Nesa Alo

Twenty-one general insurance companies have reinsurance claims worth Tk 364.47 crore pending with state-run Sadharan Bima Corporation (SBC) as of March, which left them with a shortage of funds needed to pay their clients.

The rising nonperforming loans have continued to widen the loss of the scam-hit BASIC Bank.

Bangladesh Bank's operating profit jumped 46 percent year-on-year to Tk 791 crore last fiscal year on the back of higher income from

Excess liquidity, which was burden for banks even a year ago, is fast running down on the back of the strong private sector credit growth.

The Insurance Development and Regulatory Authority (IDRA) has suspended the fire insurance business of Continental Insurance Ltd for its failure to settle claims worth Tk 24.46 crore of a client.

“Oh my God! Incredulous!” was the expression of a banking expert as he leafed through the Bangladesh Bank probe report. Page after page of it explains in painstaking details how a Bangladeshi business entity allegedly skimmed at least Tk 765 crore in the name of exports from the state-owned Janata Bank and the BB from January 2017 to February this year.

Bangladesh Bank has given the go-ahead to four state banks to disburse more loans this year in the wake of shrinking lending

The Bangladesh Bank has detected some gross violations in foreign exchange transactions that have raised concerns about money laundering.

State-run banks saw a significant decline in the number of loss-making branches last year as Bangladesh Bank's plan to reinvigorate the institutions is at long last bearing fruit.

Despite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth due to a lack of confidence of depositors following a series of reports of loan scams.

The high interest rates on lending have rerouted corporate borrowers to the doors of the offshore banking units for loans in foreign currency, which comes at much lower rates.

IFIC Bank has moved to auction the DuSai Resort & Spa, a high-end hotel located in Moulvibazar for its failure to repay more than Tk 87.56 crore in loans.

Interest payments get the fourth highest allocation, which is also higher than the combined allocation for health, social security and welfare in the proposed budget for 2018-19.

Monirul Islam, a banker, did a double take when he saw a Tk 2,500 charge on his loan account in December last year. He took the auto

The rising interest rate will put the brakes on the runaway private sector credit growth this year as entrepreneurs will be reluctant to take on high-cost funds, said a top banker.

State-run banks are fervently rescheduling loans with a view to flattering their true financial health.

Private banks are preparing attractive offers on the use of plastic cards during Ramadan, Bangladesh's peak shopping season, with the

The ongoing liquidity crisis, which has become a bane for private banks and non-bank financial institutions, is turning out to be a

Private sector credit growth finally hit the brakes in March on the back of the central bank's efforts to curb aggressive lending by banks.

Bangladeshi consumers are slowly but surely warming up to the idea of using cards, especially debit cards, to make payments, with