Banks
Economy grows by 3.78% in Oct-Dec, slowest in three quarters
The Bangladesh Bureau of Statistics says in quarterly GDP estimate
BJMC racking up losses for payroll burden
The Bangladesh Jute Mills Corporation continues to be mired in losses due to the huge payroll burden of its 25 closed factories since 2020.
City Bank likely to take over BASIC Bank
Troubled state-owned BASIC Bank is likely to be acquired by private sector lender City Bank as the central bank is forging full steam ahead with its plan to engineer the takeover of weak banks with stronger ones.
Bank Alfalah's profit triples
The multinational bank made Tk 43 crore in 2023, up from the previous year's Tk 13 crore
Can merger be panacea for banking sector’s ills?
The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.
BB's support helping banks avert pre-Eid liquidity crunch
Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.
Will bank mergers help?
The most recent bank merger proposal in Bangladesh reflects a pressing need for action due to Bangladesh Bank's determination to instill essential discipline and oversight in the financial sector, which is plagued by widespread irregularities.
They embezzled Tk 30cr from banks using fake NIDs
The police’s Detective Branch (DB) has arrested four syndicate members, including an outsourcing employee of the NID server, for embezzling Tk 30 crore from various banks by using counterfeit National Identity cards.
NRBC bank’s rejoinder, our reply
NRBC Bank PLC has sent a rejoinder in response to our story “Capital Flight Covered Up”, published on March 22, 2024, and a follow-up rejoinder in response to our story titled “Gun in Boardroom”, published on March 21, 2024.
ACC sues 5 Janata Bank officials for embezzling Tk 5.22cr
The Anti-Corruption Commission yesterday filed a case against five officials of Janata Bank for embezzling Tk 5.22 crore from Tamai branch in Sirajganj.
BRAC Bank logged 35% profit growth in 2023
BRAC Bank PLC registered a 35 percent increase in profit to Tk 827.50 crore last year thanks to its focus on small and medium enterprises (SME) and technology-based customer services, which added over 3.60 lakh new customers.
Forced bank mergers could be counterproductive
The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.
ICB Islamic Bank in dire straits
After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance.
Credit card use slightly up
Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023
High bad loans a 'big threat' to financial sector: BB
The central bank said in quarterly review on money and exchange rate
Forex reserves fall by half a billion in a week
It hit $19.45 billion on March 27, down from $19.98 billion on March 20
Banks’ CSR spending slumps
Banks’ spending on socially impactful schemes as part of their corporate social responsibility (CSR) fell in the second half of 2023, said a central bank report yesterday..During the July-December period of last year, banks spent Tk 353 crore on CSR-related activities, which was 31 percent
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
