Most banks operate sans risk coverage Most commercial banks in the country have been operating without risk coverage even though they are vulnerable to financial crimes like burglaries and skimming, a spot survey reveals. The bankers appear blissfully oblivious of a policy on overseas reinsurance, styled, the financial institutions’ comprehensive

Draft of new industrial policy gets cabinet nod The cabinet yesterday approved the draft National Industrial Policy-2016 aimed at increasing industrialization and investment in the country. Foreigners will have to double investments in Bangladesh to get Bangladeshi citizenship, according to the proposed industrial policy. Any foreigner who will invest USD

Dhaka, Delhi to sign USD 2.0 billion loan deal today Dhaka and New Delhi will sign the final agreement on a USD 2.0 billion (about BDT 160.0 billion) credit from India on Wednesday, reportsbdnews24.com. The signing of the Line of Credit (LoC) deal will take place at the NEC auditorium

Core index hits fresh nine-month high The core index of the prime bourse on Tuesday hit fresh nine months high, as investors showed their buying appetite on financial issues. Market analysts said investors were active on both sides of trading fence, taking the market turnover above Tk 11 billion-mark for

Remittance inflow rebounds onto upturn, crosses USD 1.0 billion in January A drive across the country and abroad to plug the holes began to remedy recent remittance downturn, boosting monthly turnover above USD 1.0 billion again in January. As part of the moves, a research group is now working to