Bank for pensioners in the offing
The government is set to form two institutions -- a bank and a separate entity -- for running the pension fund for public servants, after the cabinet gave it the green light.
13 September 2015
Bangladesh to raise allowance by 60 percent
The government is going to increase allowance for freedom fighters by 60 percent to make it Tk 8,000 monthly per person.
13 September 2015
US firm gets more time to complete satellite work
The cabinet committee on purchase yesterday agreed to a three-year extension in the tenure of the American consulting firm that is
9 September 2015
Separate pay scale for state bankers on way
Bangladesh Bank and state-owned financial institutions will get a pay scale different from other public servants after the cabinet on
9 September 2015
Govt to tighten procurement rules
The government is set to make procurement rules stricter under the limited tendering method or LTM so that bidders are compelled to
8 September 2015
Transit fees likely to be the same among four nations
Fees for transit cargo or passenger vehicles under the motor vehicle agreement among Bangladesh, Bhutan, India and Nepal (BBIN) are likely to be identical among the four countries.
7 September 2015
Bankers' hospital on the cards
Bangladesh Bank has taken an initiative to set up a modern hospital, Combined Bankers' Hospital (CBH), following the model of the Combined Military Hospital (CMH).
3 September 2015
Special window for loan rescheduling to close after Sept
The central bank will not give consent to special loan rescheduling proposals past this month as some bad borrowers have been found misusing the facility.
3 September 2015
Banks' capital base shrinks
Banks' capital base shrank in April-June compared to the previous quarter mainly due to deterioration in the financial health of state
1 September 2015
Four companies get $120m WB fund
Four private borrowers, mostly from the power sector, got loans of $120.72 million from seven banks and financial institutions under an investment promotion programme of the World Bank.
31 August 2015
Fitch forecasts stable GDP growth
Fitch, a leading global credit rating agency, forecast Bangladesh's gross domestic product would grow 6.5 percent in the current fiscal year against the government's target of 7 percent.
29 August 2015
China to bankroll sewage treatment plant
The government is set to build a sewage treatment plant in the capital's Khilgaon area at a cost of Tk 3,318 crore, two-thirds of which
24 August 2015
BB threatens to restrict BASIC Bank's activities
Bangladesh Bank yesterday warned it would curtail the functions of BASIC Bank as per laws if the problem-ridden lender did not
24 August 2015
WB to give $1.7b this year
The World Bank is expected to commit as much as $1.7 billion this fiscal year, which is almost the same as in the last five years.
22 August 2015
Private banks' credit rollout grows faster
Credit rollout by local private banks grew at a faster rate than foreign and state-run lenders last fiscal year due to their aggressive push for more profit.
20 August 2015
New rules may ban import of battery-run light vehicles
The new import policy has proposed banning various battery-run vehicles, including easy-bikes and rickshaws, to reduce wastage of electricity.
18 August 2015
Soured loans decline as political climate improves
The banking system's default loans dropped 3.91 percent to Tk 52,519 crore in the second quarter of the year, much to the relief of the central bank.
17 August 2015
Foreign aid hits new high
The amount of foreign aid available to the government to spend on development purposes reached a new height of $21.71 billion at the end of last fiscal year, boosted by higher commitments from development partners.
16 August 2015
Bangladesh Bank intelligence unit to get autonomy
The government is planning to give full autonomy to the central bank's financial intelligence unit so it can deal with financial crimes independently.
16 August 2015
State banks continue to rely on handouts
The government provided Tk 11,219 crore to four state banks over the last 12 years to meet their capital deficits but the lenders'
15 August 2015