Distressed loans soar to a record Tk 4.75 lakh cr
Distressed loans at banks totalled over Tk 4.75 lakh crore at the end of 2023 – a revelation that makes for a sobering read of the actual health of this vital sector of the economy.
1w ago
Minimum 2% shareholding for board membership a reason behind banking sector ills
Referring to the legal provision requiring a 2 percent shareholding in a commercial bank to become a director, Abdul Mannan, chairman of First Security Islami Bank (FSIB), said this has driven away seasoned banking leadership from boardrooms and allowed infamous individuals like S Alam into banking leadership roles.
1w ago
Beximco seeks extension of loan tenure by 10 years
Beximco has sought support from the government to extend the repayment period of its liabilities to Janata Bank over the next 10 years, including a two-year moratorium.
2w ago
Forex market on the mend as remittances rebound
After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
2w ago
Salman loses grip on IFIC Bank
The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.
1m ago
Islamic bank deposits grow despite irregularities
The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities.
1m ago
Remittances jumped 39% in August
Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1m ago
Orion Pharma’s Tk 132cr loan rescheduled with special approval
Orion Pharma Ltd, a pharmaceutical company of Orion Group, has been provided a rescheduling facility on a forced/demand loan by state-run Agrani Bank with special approval from the Bangladesh Bank.
1m ago
July 20, 2015
Dhaka slum fire: Rain came too late
It has been raining in Dhaka since Saturday. Sometimes rains came down heavier after slight relapses. But had it come a little earlier today, many of a Merul Badda slum might not lost their belongings in a devastating fire.
July 17, 2015
Top 5 Eid holiday spots!
It is high time to go beyond the textbooks and throw off the bowlines to make the Eid holidays more exciting and memorable. So step out in the open, follow the sun to the greens and silver sand beaches, and catch the winds in the sails to explore, dream and discover. Bangladesh is blessed with many wonderful places attracting people to see its beauty. Here are the five most magnificent natural and archaeological beauties to visit:
June 29, 2015
Jaywalking saves time, but costs life (video)
Why do pedestrians jaywalk across the road when there is a foot-over bridge nearby? The Daily Star has caught random jaywalkers and got surprising answers. Many of them think that it actually saves time!
May 25, 2015
Living in slum: Where money can’t get you enough drinking water
Bhashantek slum residents are being deprived of the facilities as well as their fundamental rights, despite paying five times higher than the other Dhaka city dwellers pay for getting minimum facilities of sanitation and waste management.
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