Bank & Finance
Bank & Finance
BB worries about money laundering using cryptocurrency trading
Rafiqul Islam Azad: Bangladesh Bank, the regulatory body of the financial sector, is concerned as to huge amount of money is being laundered from the country through illegal online gambling, gaming, betting, forex and cryptocurrency trading. The central bank, however, decided to work together with all the concerned agencies to…
Read More »Seven directors of Banco Securities fined Tk 7 cr
Zarif Mahmud: Seven directors of the main stock market Dhaka Stock Exchange (DSE) brokerage House Banco Securities have been fined Tk 7 crore.The convicted persons are – Banco Securities Chairman Abdul Muhit, MD Samiul Islam, Director Md. Shafiul Azam, Waliul Hasan Chowdhury, Nurul Ishan Sadat, A Munim Chowdhury and Jamil…
Read More »11 banks engaged in aggressive lending
BB charging huge fine Staff Correspondent: The central bank has set a limit to reduce risk to depositors and stop banks from aggressive-lending. 11 commercial banks have given aggressive loans in violation of loan limit capacity. These banks are now paying fine everyday to central bank.This information has been revealed…
Read More »Big changes ahead in Islami Bank board
Staff Correspondent: Again, major changes have been made in the Board of Directors of Islami Bank. The country’s largest private sector bank informed the Dhaka Stock Exchange about this change in its share report for July this year.According to the report, Saudi Arabia-based company Arabsus Travel and Tourist Agency sent…
Read More »Default loan to be increased further
Repayment time reduced for IMF pressure Mahfuja Mukul: Under the pressure of the International Monetary Fund (IMF), the definition of defaulted loans is being changed again. Under this, the default period of unpaid loans is being reduced to 3 months in almost all sectors. Currently, the loans defaulting within 6…
Read More »Debt repayment pressure ahead
Zarif Mahmud: As time goes by, the debt repayment pressure will increase. And Bangladesh is taking loans again. As a result, the pressure will continue to increase. Analysts say there are several projects in foreign debt that have been overrun. Bangladesh will have to pay the price.According to the Finance…
Read More »Reserve decreased by more $5 m
Staff Correspondent: The country’s foreign exchange reserves are decreasing at a steady pace. In the space of a week, the reserve as a gross decreased by $5 million. A net decrease of $ 1.0 million. Net reserves fell as another $40 million was withdrawn from reserves and invested in various…
Read More »Banks are fear of cyber-attack risk
Enhanced security measures Mahfuz Emran: Banks have taken extensive precautionary measures in view of the threat of cyber-attacks in the digital world of Bangladesh.They are working round-the-clock on the security of the database as well as making the customers aware. Keeping a close eye on own web pages and server…
Read More »Hackers sent deceptive email for BB money heist
Industry Report: The hackers sent a phishing e-mail message before stealing the reserves to hack the central bank’s servers. The message was answered from the computer device used by AFM Asaduzzaman, then General Manager of the Central Bank Governor’s Secretariat.The sender Russell Ahlam sent a cover letter and a resume…
Read More »Dollar being sold at highest price
Syed Nasir Hossain: The dollar crisis is still evident in commercial banks. This crisis has been going on for almost a year and a half. Various measures to increase the supply of dollars are not working. Meanwhile, banks are struggling to meet outstanding loans and import expenses. As supply falls…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
