Banking & finance

The central bank on Sunday said the new 'risk weight' applicable to investing in 'alternative' investments will remain valid until September, 2022 beginning from the third quarter of this year. An alternative investment is an investment in any asset class, excluding stocks, bonds and cash. Industry insiders...

From now on, the chief executive officer (CEO) of any financial institution has to take permission of the Bangladesh Bank before leaving the country.  Bangladesh Bank in a circular on Monday made this mandatory provision. Earlier, a similar provision was made for the CEOs...

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh yesterday launched its first ever Business Excellence Awards to recognise the country’s businesses and entrepreneurs for their contribution to the sustainable growth of the national economy.  The awards will be presented in seven categories. These include exporter of...

Two partners of E CAS E TECH are planning to introduce a "Bank in a Box" concept in Bangladesh, which will not only provide a safe way of banking for its unmanned banking services, but also help improve the country's financial inclusion. The self-service kiosk machines, with...

Eastern Bank Ltd (EBL) introduced the country's first online-based instant account opening solution "EBL INSTA Account." The private bank launched the solution on Sunday in line with Bangladesh Bank's electronic Know Your Customer (e-KYC) guideline to help customers and employees maintain maximum possible social distancing amid the...

Banks will face trouble in implementing the government's Tk 72,500 crore bailout package due to their ongoing liquidity crunch that has been compounded by the coronavirus pandemic. Of the total amount of the rescue packages, banks will provide Tk 30,000 crore in loans from their own resources...

The government has directed the specialised banks and financial institutions to work out their plans to recover money from all loan defaulters. The Financial Institution Division of the Finance Ministry has recently given this directive to the banks while holding a meeting with the top executives of...

সরকারের পক্ষ থেকে ৫০ লাখ হতদরিদ্র ও কর্মহীন পরিবারকে নগদ অর্থ সহায়তা দেয়ার কার্যক্রম উদ্বোধন করেছেন প্রধানমন্ত্রী শেখ হাসিনা। সহায়তার এ অর্থ মোবাইল ব্যাংকিংয়ের মাধ্যমে বিনা খরচে প্রত্যেক পরিবারের হাতে ঈদের আগে পৌঁছে দেয়া হবে। সরকারের তালিকা অনুযায়ী সুবিধাভোগীর পরিচয় যাচাই করে এই অর্থ প্রদান করতে নির্দেশ...

The capital base of Bangladesh's banking sector is much weaker than in peer countries -- a situation that not only highlights its frailty but also the heightened vulnerability amid the coronavirus pandemic. Capital adequacy ratio (CAR) is the reflection of all financial indicators of banks, including the...

Money parked by Bangladeshi individuals and enterprises in Swiss banks went down by 2.38 percent to 603 million Swiss francs (CHF) in 2019, in contrast to 617 million a year ago. The Swiss National Bank (SNB) came up with the data in its annual report for 2019...