The central bank has so far bought more than US$ 3.0 billion from the commercial banks in the current fiscal year (FY), 2014-15, to help keep the inter-bank foreign exchange…

Defaulted loan in the agriculture sector increased by 3.10 per cent in the first 10 months of the current financial year 2014-15 compared with that of corresponding period of the…

The central bank is sceptical about the rise in opening of Letter of Credit (LC) for importing capital machinery even as industrialists view it as a positive development for Bangladesh’s…

Deutsche Bank has set up a “working group” to review whether to move parts of its British divisions to Germany if the UK leaves the EU. The working group has…

Some 63 per cent of the Tk 26,140.62 crore SME loans disbursed in the first three months of 2015 went to trading sectors as banks continued to neglect the manufacturing…

The International Finance Corporation (IFC) has launched a programme to help poultry and dairy farms access clean electricity. The aim of the programme is to cut the farms’ operational costs…

Customer satisfaction, financial inclusion and management excellence will be at the heart of NCC Bank’s efforts as it aspires to become one of the most beloved commercial banks in four…

Bangladesh Bank Governor Dr. Atiur Rahman said Bangladesh is yet to get benefit significantly from recent surge in South-South FDI flows, despite being a low wage manufacturing location. He said…

The Russian economy has contracted in the first three months of 2015 because of low oil prices, weaker spending and sanctions from the West. It shrank by 1.9% between January…

Japanese carmakers Honda and Daihatsu are recalling some five million cars globally to replace potentially deadly airbag inflators made by Takata. The latest recalls come just a day after rivals Toyota…