Govt’s FY17 bank borrowing logs negative Tk 18,029cr The government’s net bank borrowing registered negative Tk 18,029.10 in the just-concluded fiscal year 2016-17 due to massive investment on national savings certificates, Bangladesh Bank officials said. But the government made a huge amount of borrowing worth Tk 16,900 crore from the

Banks lack remedial strategy while NPL rises worryingly Some of Bangladesh’s banks don’t have ‘in-depth’ look into the problem of spiraling non-performing loans (NPL) while many others try to frame remedial strategies perfunctorily. Such observations came out from studies on banking as well as financial sector at large as the

Call to adopt Tech in Islamic Finance to face off 4IR Experts at an international forum here on Tuesday called upon the Bankers to adopt emerging technologies in Islamic Banking Services to face off upcoming fourth Industrial Revolution [4IR]. The local and international policymakers also mentioned about the growing trends

Agrani Bank’s net profit jumps 197% Agrani Bank Ltd achieved a net profit of BDT 6.76 billion in 2017 with a growth rate of 197%. At the end of 2017, Return on Equity (ROE) stood at 17% from a negative ROE of 19% of the previous year. ROE increased by

N Korea behind BB reserve heist A top official of the US National Security Agency suggested on Tuesday that North Korean computer hackers were behind the $81m heist targeting Bangladesh Bank’s account at the New York Federal Reserve last year. According to a Foreign Policy magazine report, National Security Agency’s