February 02, 2023
Home Bank & Finance (page 2)

Bank & Finance

Bank & Finance

  • Bangladesh now 35th developing nation in world

    Staff Correspondent: Lawmakers yesterday said Bangladesh is progressing ahead and now stands 35th position in ranking among the developing countries in the world.Taking part in the discussion on thanksgiving motion of the President’s speech in the Jatiya Sangsad, they highlighted different development activities in various sectors including communication, socio-economic, education,…

    Read More »
  • Govt to suggest banks to reserve dollar quota

    Industry Desk: The government will suggest the banks for reserving a certain amount of dollar quota to facilitate the businessmen on import of essential commodities before the Holy Month of Ramadan.Commerce Minister Tipu Munshi said this at a press conference on the stock and supply situation of seven basic commodities…

    Read More »
  • Bank depositors’ rush for cash withdrawal slows

    Industry Desk: Depositors’ trust in the country’s banking system, which was dented recently, has shown a sign of improvement as the rush for money withdrawal slows.Few days ago, some news on social media made the depositors wary about the health of banks’ liquidity and safety of their deposits, prompting them…

    Read More »
  • Wrong leadership may bring havoc in Pubali Bank

    Staff Correspondent: Pubali Bank going to increase capital by offering bond worth Tk 700 crore soon as the present management has put the bank in the shortfall in respect of capital, provision against its risky loans and advances, which is not manageable with raising capital.The clients, borrowers, officers and stake…

    Read More »
  • 2022 was tainted year for insurance sector

    Mahfuz Emran: Several directors are serving jail time for embezzling the money of insurance customers. The chairman of Insurance Development and Regulatory Authority (IDRA), the regulatory body of the insurance sector, has been involved in various controversies. In the end, he had to resign due to corruption allegations. In the…

    Read More »
  • Fund collection thru’ IPO drastically declined in 2022

    Lack of confidence on capital market Mahfuja Mukul: The entrepreneurs of the country also have not confidence on the securities market as the buyers of share have been declined due to the sluggish capital market in the recent months. Only six companies have collected fund from the capital market in…

    Read More »
  • Sena Kalyan Insurance Company Limited wins ICSB National Award

    Sena Kalyan Insurance Company Limited (SKICL) has won the prestigious “9th ICSB National Award for Corporate Governance Excellence, 2021” under the General Insurance Companies Category, for its outstanding corporate governance practices as well as transparency and accountability in overall management. Brig Gen Mohd Muinul Haq Mamun, psc, Director, Brig Gen…

    Read More »
  • Most banks hiked interest rates from December

    Despite BB didn’t issue any circular to this effect Industry Desk: The Bangladesh Bank has raised the lending rate cap on consumer loans to 12% after two and a half years of setting the interest rate ceiling at 9% for all types of loans.At the same time, the central bank…

    Read More »
  • No faith on banking system

    Industry Desk: Amid a slew of reports emerging in different sections of the media on poor corporate governance at various banks leading to highly suspicious loan disbursement practices, Finance Minister A.H.M. Mustafa Kamal struck a highly defensive tone this week.Understandably questioned on the state of the banking sector recently, the…

    Read More »
  • People lost interest in insurance

    Policy issued Mahfuja Mukul: Although the government has taken various steps to attract people towards insurance, it seems that it is not working very well. Rather, the country’s insurance is going in the opposite direction day by day. The number of insurance customers is continuously decreasing. Industry stakeholders believe that…

    Read More »

LATEST NEWS