Home » Archives by category » Economy » Banking (Page 12)

The amount rises by Tk 7,282cr during July-Sept Bad loans increased by Tk 7,282 crore or 1.58 percentage points in the third quarter this year as a significant amount of loans related to the recent incidents of scams was classified. The central bank is putting pressure on the banks to get the real picture of […]

Continue reading …

The central bank will introduce the Real Time Gross Settlement (RTGS) in the financial services of commercial banks by 2014 to ensure smoother and quicker inter-bank clearing of payments, said Bangladesh Bank (BB) officials on Sunday. “We’re working to develop the swift finance service mechanism, and the RTGS will be introduced by 2014 to integrate […]

Continue reading …

Just past board of the bank approved Tk 65cr loan Sajjadur Rahman The immediate past board of directors of Sonali Bank approved a Tk 65.41 crore project loan for controversial Hall-Mark Group, which shows that the board was responsible, at least partly, for the Hall-Mark loan scam. Of the amount, Tk 57 crore has already […]

Continue reading …

No appointment of directors in 2 months due to lobbying by political aspirants Powerful vested interests are lobbying for the posts of board directors of state-owned banks that have been plagued by irregularities due to interference from some outgoing directors with political affiliation. The tenure of the boards of state-owned-commercial banks (SOCB) expired in the […]

Continue reading …

The prime minister’s Health Adviser Modasser Ali on Wednesday admitted that he had visited the Hotel Ruposhi Bangla branch of Sonali Bank several times ‘mistakenly’. “On request of my relative in the bank I visited the bank several times. And my relative introduced me with Hall-Mark group MD Tanvir Mahnud Tanvir to blackmail me intentionally,” […]

Continue reading …

Syed Jamaluddin Discipline in the banking sector is apparently under strain. At the same time criminal activities in banks have increased. In the absence of good governance, many banks have indulged in irregular activities and corruption. Sensational stories are emerging from the banking sector. As a result, customers are losing confidence. As no firm action […]

Continue reading …

Abdur Rahim Harmachi Chief Economics Correspondent Dhaka, Nov 1 (bdnews24.com)—Expatriate Bangladeshis remitted $1.4536 billion back home in October, a record high for a month, according to Bangladesh Bank. The previous high was $1.22 billion in January. The latest amount pushed up the total remittance in the first four months (July-October) of the current fiscal to […]

Continue reading …

State-owned Sonali Bank Limited on Thursday suspended 17 officials for their alleged links to the biggest financial forgery in recent times by Hallmark Group. The suspended officials include six officers of the Rupashi Bangla branch of Sonali Bank from which Hallmark Group siphoned off more than Tk 35 billion. They are senior officers Ujjal Kishore […]

Continue reading …

By: Sohel Parvez The central bank has tightened rules for classifying and rescheduling loans in a bid to improve banks’ financial health and ensure better discipline in the sector. But bankers said the move will swell the amount of default loans at banks and hurt profitability. In line with the latest directive of the Bangladesh […]

Continue reading …