BASIC Bank's former chairman Sheikh Abdul Hye Bacchu is being interrogated by Anti-Corruption Commission (ACC) over loan scams worth Tk 4,500 crore.

The rising interest rate will put the brakes on the runaway private sector credit growth this year as entrepreneurs will be reluctant to take on high-cost funds, said a top banker.

Abdus Samad and Mohammed Abdus Salam have recently been reelected as the chairman and vice chairman of Al-Arafah Islami Bank respectively for a two-year term.

The banking sector faces an acute crisis of ethical leaders, resulting in a rise in default loans, violation of codes of conduct, fraudulence and a decline in profitability, a survey found.

Interest waivers against bad loans more than doubled to Tk 1,753 crore in 2017, with National Bank alone accounting for 37.13 percent of the sum.

The Asian Development Bank has called for government investment to scale up sustainable agriculture insurance in Bangladesh.

BASIC Bank's former chairman Sheikh Abdul Hye Bacchu skips quizzing by Anti-Corruption Commission (ACC) over the loan scams involving around Tk 4,500 crore.

Private sector credit growth finally hit the brakes in March on the back of the central bank's efforts to curb aggressive lending by banks.

Ibn Sina Trust, one of the sponsor shareholders of Islami Bank Bangladesh, is set to sell off its entire 2.24 percent stake in the bank within the next 30 days.

Mosharraf Hussain has been elected the chairman of Jamuna Bank.

Misuse of funds and rising exchange rate are pushing many short-term foreign loans into the overdue territory and in so doing posing a concern for the economy, analysts said yesterday.

India has made a strong pitch for increased lending by the World Bank and its affiliates for Bangladesh, India, Bhutan and Sri Lanka, in a meeting of the World Bank and International Monetary Fund held in Washington on Saturday.

The central bank has asked the Association of Bankers Bangladesh (ABB) and the Bangladesh International Arbitration Centre (BIAC) to draft a guideline to recover non-performing loans and amend relevant laws.

Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.

The Bangladesh Association of Banks, a forum of private banks' directors, has donated Tk 163 crore to the Prime Minister's Relief and Welfare Fund.

There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

The Anti-Corruption Commission grills four accused including Farmers Bank's former Audit Committee chairman Mahabubul Haque Chisty in a case filed over embezzlement of Tk 160 crore and irregularities in loan disbursement.

Financial technology service provider Dmoney signed an agreement with Al-Arafah Islami Bank Limited at the latter's head office in Dhaka yesterday to launch the country's first “Digital Islami Wallet”.

The amount of default loans of state-owned banks has reached Tk 55,095 crore as of January 2018, Finance Minister AMA Muhith yesterday told parliament.