Category Archives: BANKING

Banks asked to withdraw cases against defaulter farmers

Bangladesh Bank yesterday instructed state-run commercial and specialised banks to take steps to withdraw or settle cases filed against farmers for defaulted agriculture loans. The progress on the settlement of…

Banks’ capital base widens

The capital base of the banking sector widened 10.51 percent to Tk 71,754 crore in the fourth quarter last year from a quarter ago. In the third quarter of July-September,…

Banks’ deposits fall as savers rush to savings tools

Deposits at banks dipped 1.07 percent in January from a month ago as savers rush to government savings schemes that offer higher interest rates compared to the banking system. Total…

New banks go for risky lending

New banks are lending out heavily — 70 to 80 percent of their total loans — to corporate clients instead of small and medium enterprises and retail consumers, insiders and…

Investment banking faces FCA inquiry

The level of competition in investment and corporate banking services are to be investigated by the UK’s financial regulator, the Financial Conduct Authority (FCA). Launching its first review of the…

HSBC ‘open to criminal charges’

HSBC left itself open to criminal charges in the UK over its Swiss tax-dodging scandal, ex-director of public prosecutions Lord Ken Macdonald says. The QC said there were strong grounds…

Swiss police raid HSBC’s Geneva office

Swiss prosecutors have searched offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering. They said they were investigating HSBC Private Bank (Suisse) and “persons unknown…

Foreign private banks plan India headcount boost

Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise Indian millionaires eager to cash in on an…

Prime Bank gets new DMD

Rahel Ahmed has recently been appointed as deputy managing director of Prime Bank, the bank said in a statement yesterday. Ahmed has previously worked with Standard Chartered Bank in Bangladesh…

BASIC Bank fires 10 officials

Scam-hit BASIC Bank yesterday fired 10 officials, including three senior executives, for irregularities in their appointment. The board of the state-run lender took the decision a few days ago. The…