BB asked to inform about dubious banking transactions: Minister Home Minister Asaduzzaman Khan yesterday said Bangladesh Bank has been asked to inform intelligence agencies about dubious banking transactions to detect terror financing sources, reports UNB. The government also decided to monitor whether the corporate social responsibility (CSR) fund of the

Banks’ profits rise 32.0% on a slide in default loans The banking sector’s net profit increased 32.0% year-on-year to BDT 79.2 billion in 2015 on the back of a decline in default loans. In the last quarter of 2015, banks set aside a lower amount of funds for provisioning as

Oil prices may rise to $100 a barrel by end of year Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite. This was predicted by commodity merchants Trafigura and Mercuria said on Monday at the Asia

BDT demand in money market dips: The central bank discourages banks to invest excess money in BB bills The demand for Bangladesh Taka (BDT) in the money market fell drastically mainly due to the recent slash of the cash reserve requirement (CRR) by 1.0 percentage by the central bank. Both

Dhaka, Jamuna banks allowed to float bonds worth Tk 1,000cr The Bangladesh Securities and Exchange Commission on Wednesday allowed two banks — Dhaka Bank and Jamuna Bank — to float subordinated bonds worth Tk 1,000 crore in total. The capital market regulator gave the approval in a commission meeting presided