Bangladesh Bank Governor Fazle Kabir said the central bank was expected to file a lawsuit yesterday night with a US court against Philippines' Rizal Commercial Banking Corporation (RCBC) to recover the full amount stolen in the February, 2016 heist.

The central bank yesterday unveiled a cautiously optimistic monetary policy for the second half of the fiscal year, keeping room to provide adequate supply of quality credit to support the growth and inflation targets.

The High Court yesterday again summoned Shafiqul Alam, managing director of Jamuna Bank, to appear before it on February 12 and explain his inaction to comply with a 2017 directive.

A policyholder of Agrani Insurance Company Ltd paid a premium of Tk 270,094 against a fire insurance policy in May 2016. The required value-added tax on the premium was Tk 40,514.

A rights group has served legal notice to the government for an inquiry into irregularities in the banking sector of Bangladesh during the last 20 years.

City Bank has appointed Mashrur Arefin as its new managing director and chief executive officer.

Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.

Standard Bank recently saw the election of one of its founding directors, Mohammed Shamsul Alam, as vice chairman.

Habitual and influential defaulters are the main barriers to bringing down delinquent loans in the state-owned commercial banks, according to the assessment of the lenders.

Bank Asia celebrated its Agent Banking Day 2019 at Bhabanipur Bazar of Sirajdikhan upazila in Munshiganj yesterday.

Private sector credit growth fell to a 39-month low in December as businesses went on a cautious mode thanks to the mounting uncertainty centring on the 11th general elections.

The central bank yesterday rolled out a new credit rating system to rein in spiralling bad loans.

The Asian Development Bank (ADB) and the government of Bangladesh sign agreements for $200 million in loans to improve the rural road network in Bangladesh.

Iffat Jahan Dina landed a well-paying job in a private bank soon after obtaining her Masters degree from Rajshahi University. She dedicated herself to the job, which she found gratifying.

A court in the Philippines yesterday convicted a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC) of money laundering, in the first conviction over the Bangladesh Bank reserves heist in which $81 million was stolen nearly three years ago.

Bangladesh's non-performing loan situation is not as dire as is being reported in the news media, said Finance Minister AHM Mustafa Kamal.

World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources.

Despite the huge loan rescheduling spree, the four state-owned banks saw poor cash recovery from their top defaulters in the first nine months of 2018.

Loan rescheduling soared about 30 percent to Tk 10,963 crore in the first nine months of 2018, fuelling further fears for the sector.

Janata Bank logged in losses of Tk 3,132 crore in the first nine months of 2018, a stunning reversal in fortune for the state-owned bank as loan irregularities finally take a toll.