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Category Archives: Banking News

Banks asked to ensure defense against banking malpractices Bangladesh Bank (BB) Governor Dr Atiur Rahman has advised all banks to establish defense system against banking malpractices. “A good corporate governance system needs to be in place to reward the worthy and punish the habitual offender. This is the first line of defense against banking malpractices and derelictions of duty,” the governor said delivering his speech at the ... Read More »

24 held in Sadarghat launch terminal Police arrested 24 people from a number of launches coming from different districts at Sadarghat launch terminal in the capital on Saturday on suspicion criminal activities. Sources said four vessels—one from Bhola and three from Chandpur—reached the launch terminal in the morning. Police arrested seven people from ‘MV Srinagar’ launch from Bhola, and four from ‘Moyuri-2’, five from ‘Imam ... Read More »

BASIC Bank loan defaulters on the rise

The finance ministry’s warning, central bank’s vigil and appointment of observers have not been enough to stop unrecovered loans of state-owned BASIC Bank from rising. A report of the bank shows it has failed to recover loans to the tune of Tk 20.22 billion this year until November. By the end of September it was Tk 18.63 billion which means ... Read More »

Dutch-Bangla Bank donates 1 lakh pcs blankets to PM’s Relief Fund Dutch-Bangla Bank Ltd on Monday donated one lakh pieces of blankets to the Prime Minister’s Relief and Welfare Fund for the cold-hit distressed people of the country. Chairman of Dutch-Bangla Bank Foundation M Shahabuddin Ahmed handed over the blankets to Prime Minister Sheikh Hasina at her office in the morning. After handing over of the blankets, PM’s press secretary ... Read More »

Banking sector situation deteriorating

Banking Desk Unnayan Onneshan, an independent multidisciplinary think-tank, in its monthly economic update reveals that the situation of banking sector in Bangladesh has been deteriorating in terms of growth and disbursement of credit and risk management, lowering the rate of growth of the economy. It also observes that the decade-long policy of liberalisation in the sector has failed to lessen ... Read More »

MFS clients rises to 15.70 pc monthly : BB

The number of registered clients under the Mobile Financial Services (MFS) is increasing and stood at 115.45 lakh as of November 30 with the monthly growth of 15.70 percent. In November, the number of total transactions was 2,67,90,000 and the amount of total transaction Tk 5533.60 crore, said a Bangladesh Bank media release on Sunday. Up to November 30, the ... Read More »

Bus set on fire in Ctg

Ctg Correspondent Miscreants set a bus on fire in Chittagong on the second day of the Opposition’s blockade. Some men poured petrol on the bus parked at Badsha Mia Petrol Pump Station near district superintendent of police office around 10.30am on Sunday, CMP Assistant Commissioner Abdur Rauf said. Police and locals managed to douse the fire immediately. Read More »

Political unrest:Banks’ credit growth slowed to 8.01 pc

Banking Desk The overall credit growth of banks  slowed to 8.01 percent in the first eleven months this year, while at least 16 banks saw their credit fall due to political uncertainty coupled with shutdowns and blockades. The ongoing political unrest has dented confidence of the borrowers both in urban and rural areas, bankers said. A branch manager of a ... Read More »

BB new circular on export dev fund Export oriented manufacturing units in certain sectors like BTMA member mills, BGAPMEA and BPGMEA member accessories/packaging material manufacturer-exporters can access for input imports in bulk based on their past performance rather than against specific export orders at hand. Input import needs of finished leather/leather goods/ceramic ware manufacturer-exporters against each specific export orders often being not big enough to attract ... Read More »

BB urges IGP to beef up bank security

Bangladesh Bank has written to the Inspector General of Police to beef up security at banks in view of intensifying political violence across the country ahead of the Jan 5 elections. The security cover, including the deployment of police, should be increased at the main and branch offices of all banks to help them function smoothly, the central bank said ... Read More »