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Banking


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Bad loans of 10 groups under probe hit Tk 51,663cr

The amount of the defaulted loans of 10 influential business groups — with close ties to the fallen Awami League-led government and currently under joint investigation — has so far climbed to Tk 51,663 crore, out of a total loan of Tk 3.56 lakh crore, according to...

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StanChart, JETRO host high-level economic meet

Standard Chartered Bangladesh, in association with Japan External Trade Organisation and key government institutions, recently hosted a high-level economic briefing spotlighting the strategic importance of the Japan-Bangladesh economic corridor, said a press release.

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Prime Bank, Coracle GmbH sign deal

Prime Bank PLC has partnered with Coracle GmbH, provider of blocked account services in Germany, to expedite visa application process for Bangladeshi students pursuing higher education in Germany, said a press release.

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BB lets banks send fees for language courses abroad

The Bangladesh Bank has widened access to foreign currency for overseas education by allowing banks to release foreign currency for language courses abroad without prior approval from the central bank...

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Bangladesh Bank caps passport endorsement fee at Tk 300

Bangladesh Bank on Saturday instructed commercial banks not to charge more than Tk 300 as a passport endorsement fee and prohibited them from imposing any additional service charges or commissions under the guise of foreign currency sales...

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Yunus stresses need for establishing dedicated Microcredit Bank

Claiming that the microcredit is the ‘real banking’, chief adviser Professor Muhammad Yunus on Saturday stressed establishing a ‘Microcredit Bank’ to create more entrepreneurs by disbursing collateral free small credit among young people...

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Postal Dept takes over Nagad

The Bangladesh Postal Department has officially taken over the responsibility of Nagad, said a press release.

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IFIC Bank gifts bus to PSTU

To facilitate better transportation for students, IFIC Bank has donated a bus to Patuakhali Science and Technology University, said a press release.