Banks paid-up set to get raise by a quarter The central bank is set to raise paid-up capital of scheduled banks to Tk 5.0 billion from the existing Tk 4.0 billion over the next two years. According to a senior official of the Bangladesh Bank (BB), they are working on

SoBs see 60.0% fall in recapitalization fund The allocation for state-owned banks’ recapitalization is set to fall by 60% for the next fiscal year (FY) 2016-17 compared to the original budget for the outgoing fiscal. The allocation for the SoBs is to come down to BDT 20.0 billion in the

No witch-hunting: new Islami Bank chairman assures staff The new management of Islami Bank will not indulge in any “witch hunting” of its employees, its Chairman Arastoo Khan said yesterday. One can vote for any party, but it must not reflect on employees’ professional activities, he said after a meeting

Flood-hit people may reschedule their loans Bangladesh Bank (BB) issued Tuesday a fresh policy on rescheduling short-term agriculture, micro-credit and SME loans to help the flood-affected borrowers continue their economic activities. The banks were allowed to reschedule such loans based on ‘banker-client’ relationship through relaxation of down payment requirements. “The

Stocks end lower after budget announcement Stocks plummeted on Sunday, the first session after budget announcement, as investors reacted negatively to the proposed budget. Market insiders said investors were frustrated as there was no specific direction on the capital market except for corporate tax cut for listed banks and financial