Sajjadur Rahman

Bangladesh Bank has identified the people involved in the hacking of around $100 million (Tk 780 crore) from its foreign currency account with the Federal Reserve Bank of New York, claim BB officials. Almost the entire amount was transferred online to the Philippines banking system and a small portion of it to Sri Lanka by suspected Chinese hackers on February 5, they said.

Fraudsters might actually have stolen over Tk 1 crore -- four times the amount initially thought -- from ATM booths of several banks using cloned cards last month, the central bank and investigators say.

Criminals are now using international credit cards issued by foreign banks to steal money.

Banks have rushed to install anti-skimming devices and PIN shields at their automated teller machines to meet the

A new non-bank financial institution (NBFI) enters the market today with a focus on venture capital.

When banks have slashed deposit rates to as low as 4 percent amid the declining demand for money, some non-

There are around 7,500 automated teller machines (ATMs) in Bangladesh, but only 2,000 of them are recorded in government documents, according to Customs Intelligence and Investigation Directorate.

Foreign fraudsters in collaboration with local bankers and merchants are believed to have committed more card frauds on point-of-sale (POS) terminals than what they had done with ATMs, experts and investigators said.

The D-8 member countries have agreed to implement the preferential trade agreement from July 1, keeping Bangladesh's proposal regarding the local value addition criteria hanging.

Various government agencies have started investigating the recently ATM frauds in Dhaka, in which cardholders lost about Tk 25 lakh, according to police and bankers.

The insurance regulator has instructed MetLife Bangladesh to raise its paid-up capital by almost five times to Tk 350 crore in a move to safeguard the interests of its policyholders.

Foreigners are believed to be involved in the skimming racket that stole money from ATMs in signs of new financial crimes that rattled both banks and customers.

ATM card frauds have forced banks to take precautionary measures, including temporarily shutting down

India agreed in principle not to carry out investigations relating to anti-dumping and countervailing duties on jute goods exported from Bangladesh, a senior commerce ministry official said yesterday.

India has launched an anti-dumping investigation into imports of jute goods from Bangladesh to see whether the export prices are set below fair market prices. In October, the Directorate General of Anti-Dumping and Allied Duties (DGAD) under India's commerce ministry opened the probe as part of its plan to impose anti-dumping duty on jute items imported from Bangladesh.

National Bank Ltd has put up advertisements to sell off the mortgaged properties of SA Oil Refinery that failed to repay the lender about Tk 215 crore.

Fixed deposit rates have come down to as low as 4 percent on the back of low demand for loans, bankers said.

Bangladesh should immediately analyse the potential consequences of the mega trade deal, Trans-Pacific Partnership, on its economy, a senior World Bank official said yesterday.

Mahabubul Haque Chisty, chairman of the Farmers Bank's executive committee, is at the centre of controversies surrounding the newly established bank.

Rubel Brothers and Apollo Multipurpose Agro Industries are loan defaulters of state-owned BASIC and Janata banks respectively and yet had no trouble getting fresh loans from the Farmers Bank.