Finance News: Latest Financial News, Finance News today in Bangladesh

Polls, MPO allowance hike, new Islamic Bank capital to cost Tk 270b

Current crunch time comes as a reminder to ministries and divisions concerned to make realistic fund demand from this year's revised budget to help the government avoid higher bank borrowings and interest payments.The direction comes from finance division while holding consultation with the ministries and divisions separately for revising the...

Khaleda’s condition stable, able to receive treatment

BNP Chairperson Khaleda Zia's personal physician AZM Zahid Hossain on Tuesday said her health remained stable and she was able to receive treatment.He said this while briefing reporters on her latest health condition outside Evercare Hospital, Dhaka, adding that a specialist would come from the UK later in the day...

Sammilito Islami Bank begins operations

Marking a major consolidation in the financial sector, Sammilito Islami Bank PLC officially commenced operations on Tuesday following the merger of five Shariah-based banks, reports BSS.Former secretary Mohammad Ayub Miah has taken office as the chairman of the new bank following a meeting with Bangladesh Bank Governor Dr Ahsan H...

Banks fear profitability squeeze as new operational peril

Already smarting under loads of bad loans, banks in Bangladesh worry about a new operational peril from profitability squeeze for narrowing interest spread that came to 5.74 per cent in September. According to Bangladesh Bank statistics, the spread between weighted average interest rate (WAIR) on advances and on deposits across...

Madaripur road crash leaves three dead

MADARIPUR, Dec 02 (UNB): Three people were killed and seven others injured when a truck crashed into a bus on Dhaka-Bhanga Expressway over Arial Khan Bridge in Shibchar upazila of Madaripur district on Tuesday.One of the deceased was identified as Munir Sheikh, 35, of Najirpur upazila in Pirojpur district.Md Sabuj,...

Minor quake jolts parts of country

A moderate earthquake struck near Falam in Myanmar shortly before 1am on Tuesday and was felt in parts of Chattogram.According to the US Geological Survey (USGS), the quake occurred at 12:55am Bangladesh time, registering 4.9 on the Richter scale, reports bdnews24.com.The epicentre was located 81.8km east of Falam, in Myanmar’s...