Parliamentary body for further probing graft in two private banks The parliamentary standing committee on finance ministry suggested Sunday that Bangladesh Bank should further investigate irregularities and corruption in two private commercial banks. The committee also recommended ensuring exemplary punishment for the persons to be found involved in irregularities to
Read MoreBanks break barriers, begin long-term project funding Country’s banks, at long last, have started making available funds to long-term projects. The same was hardly available in local financial sector earlier, sources said and billed it as a breakthrough. Big borrowers used to look beyond the border for such long-term funding
Read MoreSeven errant banks seek exoneration from penalty Seven commercial banks have appealed to the central bank’s board of directors to waive the financial penalty imposed on them for violating the rules relating to share-market investment. According to the officials, their petitions may be included in the agenda for the board
Read MoreFDI hit record USD 2.45 billion last fiscal year Foreign direct investment hit an all-time high of USD 2.45 billion in fiscal 2016-17 on the back of a surge in equity investment by mobile phone operators. The inflows are an increase of 22.54% from a year earlier, according to data
Read MoreFinancial reporting act to bring transparency Chairman of the newly-formed Financial Reporting Council yesterday assured businesses not to be concerned about the new act as it will help the country bring in transparency in firms’ auditing and accounting standards. “There is nothing to be worried about the FRC. It will
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