The Reserve Bank of India (RBI) is looking to get banks to link some new loans to its key policy rate or other external benchmarks, Governor Shaktikanta Das said on Monday, as he pushes them to cut rates faster to stimulate a flagging economy.

Prime Minister Sheikh Hasina will inaugurate third Boeing 787-8 Dreamliner “Gangchil” on Thursday.

Loan write-offs almost quadrupled in the first quarter of the year on the back of the central bank’s easing of rules, in a sobering reminder of the banking sector’s deteriorating financial health.

The government’s bank borrowing last fiscal year was almost half of what it had planned to, thanks to its lower development expenditure and higher sales of national savings certificates, much to the relief of the cash-strapped banking sector.

The central bank is set to come up with a new formula for calculating the cost of funds for banks with a view to bringing down the interest rate on lending, much to the trepidation of bankers.

Banking commission will be formed within a reasonable time with a view to perking up the financial health of banks, Finance Minister AHM Mostafa Kamal says.

At a time when many banks are struggling to arrest default loans stemming from a lack of corporate governance, Pubali Bank can be a role model for them given its stunning performance in bringing down the bad debt.

Defaulters will get till September 7 to apply for rescheduling their loans under the central bank’s relaxed policy as per a Bangladesh Bank notice to banks yesterday. The relaxed policy was made available in May to allow defaulters to clear their loans.

Bangladesh has achieved the second highest export growth globally over the past decade (2008-2018) and the highest among South Asian nations thanks to the spiralling apparel shipment, according to World Statistics Review 2019.

Chairman of Grameen Bank Khandaker Mozammel Haque passes away at Square Hospital in Dhaka. He was 74.

To cater to the growing number of users in Bangladesh, popular messaging application Viber has rolled out its new user interface (UI) in Bangla for the local market.

Md Shafiul Azam has recently been reappointed managing director and chief executive officer of Modhumoti Bank.

Landline provider Bangladesh Telecommunications Company Limited (BTCL) has offered unlimited calls within its network for only Tk 150 per month as the struggling state-run company fights for a turnaround.

The energy ministry has asked Bangladesh Petroleum Corporation (BPC) and Petrobangla not to deposit their funds with weak financial institutions in the hope of getting higher returns in the form of interest.

The Bangladesh Telecommunications Company Limited (BTCL) has offered a package of Tk 150 per month for calls within its network.

Bangladesh Bank issues a circular asking banks to keep their branched near cattle markets open till August 11.

The telecom regulator is set to issue two separate show cause notices to Grameenphone and Robi asking them to reply within 30 days why their licences will not be cancelled despite violating the licensing conditions by not paying the telecom regulator’s ‘dues’.

Sayeed H Chowdhury has recently been re-elected chairman of One Bank for a one-year term from August 1.

Generating ideas and having a keen mind for innovation are key for a fledgling entrepreneur to attain success, said Md Arfan Ali, president and managing director of Bank Asia.

Banglalink’s revenue grew 5.4 percent year-on-year to Tk 1,153.68 crore in the second quarter of the year as the operator bought a huge amount of spectrum to improve service quality.