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More university graduates in China turning to smaller cities for employment: Report

Improved incomes, less pressure and keeping closer to family were among the reasons given by young Chinese for seeking employment farther afield.

MD pool for NBFIs: Six banks suggest 40 ex-bankers

A third of NBFIs running without MDs

Twelve non-bank financial institutions (NBFIs) in Bangladesh are running without a regular managing director or chief executive officer and a majority of them have had their top post vacant for more than three months in a clear breach of laws.

Non-bank loans turning sour hit record

Defaulted loans at non-bank financial institutions (NBFIs) accounted for a record 30 percent of disbursed loans, indicating a fragile situation in the sector due to widespread loan irregularities and scams.

BB suspends Phoenix Finance MD over loan irregularities

Bangladesh Bank yesterday suspended Intekhab Alam, managing director of Phoenix Finance and Investments Ltd, over allegations of being involved in loan irregularities and activities that go against the interest of depositors.

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