As many as top 61 big borrowers collectively owe commercial banks a whooping Tk53,000 crore, and each of them borrow more than Tk500 crore from different lenders, as per a…

Bangladesh Bank on Sunday  asked all banks and financial institutions to set up separate units at their head offices to serve women entrepreneurs effectively. The banks face a 15-day deadline…

The Metropolitan Chamber of Commerce and Industry yesterday hailed the central bank for aiming to keep inflation in check and move to a higher growth path amid the prevailing political…

Britain’s biggest bank helped wealthy clients cheat the UK out of millions of pounds in tax, the BBC has learned. Panorama has seen thousands of accounts from HSBC’s private bank…

Default loans in the four state-owned banks dropped 12.77 percent in 2014 from a year ago on the back of a strong recovery drive. On December 31 last year, the…

The Bank of England has held interest rates at 0.5% for the 71st month in a row and kept its stimulus programme of quantitative easing (QE) unchanged. Most forecasters now…

Bangladesh Bank (BB) has moved to amend the Bank Deposit Insurance Act 2000 to double bank’s coverage for depositors’ funds, Governor Atiur Rahman said yesterday. “We have recently sent a…

Many ATMs located outside Dhaka are running short on cash due to the ongoing blockade and strike, leaving thousands of users in trouble. In Dhaka, automated teller machines were sufficiently…

India’s central bank has kept interest rates unchanged, three weeks after it announced a surprise cut. The benchmark interest rate, or the level at which The Reserve Bank of India…

China’s central bank has cut the level of funds banks must hold in reserve in an effort to boost growth in the world’s second-largest economy. The reserve requirement ratio has…