GERMANY’S biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country’s financial sector looks to escape years of turmoil.

HIRING and retaining high-quality people, using a robust risk management system and complying with regulatory requirements are some of the key areas that can help a bank attain a sound financial health, said a top banker.

A massive decline in import and an inflow of record remittance have helped narrow the current account deficit by 40 percent in the first 11 months of the just concluded fiscal year, much to the relief of the Bangladesh Bank.

The country’s merchandise export earnings grew by 10.55 percent year-on-year to $40.53 billion in the immediate past fiscal year riding on a high volume of garment shipment in a favourable external business environment.

Tarique Afzal has recently been appointed as the President and Managing Director of AB Bank.

The Supreme Court (SC) extends for two months its stay on a High Court order that halted Bangladesh Bank circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years.

Bangladesh Telecommunication Regulatory Commission (BTRC) says there is no scope for arbitration under the existing law over its action taken against the two major telecom operators.

Banks in Bangladesh are contributing to the rise in inequality as they collect deposits from people from all walks of life but give loans to only a few, analysts said yesterday.

Lawmaker Morshed Alam has been elected chairman of Mercantile Bank.

The telecom regulator has partially blocked the bandwidth capacity of Grameenphone and Robi from last evening for non-payment of dues detected in audits -- a drastic step that ultimately hurts the 12.25 crore subscribers of the two operators.

Schenker (Asia Pacific) Pte, a subsidiary of DB Schenker, the transport and logistics division of Deutsche Bahn Group, has expanded its presence in the Indian subcontinent with the launch of a new subsidiary in Bangladesh.

State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear sign from the government of its intent to stop pampering the errant lenders.

The high interest rate remains in the banking sector due to the default loan, says Toufic Ahmad Choudhury, former director general of Bangladesh Institute of Bank Management (BIBM).

The Supreme Court stays till July 8 the High Court orders that halted Bangladesh Bank’s circular allowing defaulters to reschedule their loans with a repayment period of up to 10 years and get further loans.

A national budget, as a layman understands it, is a financial estimation about a government’s earnings and expenditure over a year which also takes into account the trends and projections about the market, taxation and specific economic goals. In the context of countries like ours, the budget is also expected to address issues of equity and social justice, unemployment, poverty reduction and redistribution of income along with achieving fiscal discipline.

Real estate developer Shanta Holdings yesterday started accepting bookings for “Shanta Pinnacle”, saying it was to be Dhaka’s first 40-

Parliament passes the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.”

The parliament passes the Finance Bill 2019 with some changes in value-added tax (VAT) and in the policy of capital market and handloom industry.

Prime Minister Sheikh Hasina describes the proposed budget for FY 2019-20 as people-friendly, development-oriented and balanced one, saying that everyone will be benefitted by the budget as it will help continue the pace of ongoing development.

State-owned BASIC Bank has finally got a managing director. The post had been vacant since November last year.