Dhaka – Finance Minister AMA Muhith on Wednesday said that Bangladesh Bank`s different systems require serious reforms. ”It is not in a very healthy condition. This is my assessment,” said Muhith, while talking to reporters at Cabinet Division following the…
Dhaka – Two Bangladesh Bank deputy governors — Md Abul Quasem and Nazneen Sultana — have been relieved of their duty, said Finance Minister AMA Muhith on Tuesday.
Embattled Bangladesh Bank Governor Dr Atiur Rahman on Tuesday quit amid a huge row over the heist of $101 million from the Bangladesh Bank’s account with the US Federal Reserve Bank. The Governor’s resignation came following his meeting with the…
Dhaka = The BNP on Monday demanded the resignation of Prime Minister Sheikh Hasina over the recent Tk 800 crore heist of Bangladesh Bank’s funds deposited with US Federal Reserve Bank in New York. “In addition to the prime minister,…
Finance minister Abul Mal Abdul Muhith on Sunday said the ministry will take actions against the Bangladesh Bank for not informing the government about the $101 million cyber heist.”The central bank has showed audacity as it didn’t timely inform the…
Islami Bank Bangladesh Limited opened service center ‘Seba Ghor’ at South Banosree, Dhaka on March 12, 2016. Engr. Md. Eskander Ali Khan, Chairman, Executive Committee, inaugurated the center as chief guest while Muhammad Abul Bashar, Deputy Managing Director, was present…
Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday.…
FireEye Inc’s Mandiant forensics division is helping investigate a cyber heist at Bangladesh’s central bank last month that netted more than $80 million, people familiar with the matter told Reuters on Thursday. The two sources said Silicon Valley-based FireEye, which…
Giovanni Ortolani Communities in flood-prone areas often do not have access to information about flood forecasting. As a result, they do not have sufficient time to evacuate and put their cattle and belongings in a safe area. The new Community-Based…
Bangladesh Bank released a statement on Monday to the media on Monday, saying its Financial Intelligence Unit is working with the Anti-Money Laundering Council (AMLC) of the Philippines to recover the rest of the funds. But the central bank did…
Dhaka – Bangladesh Bank governor Dr. Atiur Rahman on Sunday said that money laundering is the biggest crime in the financial sector. “If money laundering is not checked, it would affect the financial stability of the country”, he said while…
Islami Bank Bangladesh Limited and Remittance service provider Ria Financial Services jointly organized a training on Remittance Operation System on March 6, 2016, Sunday at Muhammad Younus Auditorium of Islami Bank Tower.
Court Correspondent The Chief Metropolitan Magistrate (CMM) Court of Dhaka on Sunday afternoon granted fresh remand for four days to quiz a foreigner and three officials of City Bank in connection with their suspected involvement in a ATM card scam.
Dhaka – With increasing digitization and automation of the financial sector, cyber security threats have increased in sophistication with organized crime and state-level actors deploying targeted attacks. Bangladesh remains vulnerable to cyber-attacks because traditional cyber defenses such as anti-virus software…
Central Shariah Board for Islamic Banks of Bangladesh organized a daylong workshop on Islamic Banking for Shariah auditors at Mohammad Younus Auditorium of Islami Bank Tower on March 5, 2016. Engineer Mustafa Anwar, Chairman, Islamic Banks Consultative Forum (IBCF) and…
STAFF REPORTER The Appellate Division of the Supreme Court yesterday passed no order on an appeal against a High Court verdict that declared illegal the BSEC decision to dissolve the AIMS First Guaranteed and Grameen One closed-end mutual funds.
Deputy Governor of Bangladesh Bank (BB) SK Sur Chowdhury has emphasised on strengthening water and energy efficiency investment for achieving sustainable development. “….mechanisms to capture the opportunities for water and energy efficiency investments need to be created or strengthened,” the…
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on February 27, 2016, Saturday at the Board Room of Islami Bank Tower.
Al-hajj Abul Quasem, sponsor director of Islami Bank Bangladesh Limited was died at 9.30 am on February 24, 2016, Wednesday at a hospital in Dhaka. (Inna lilahi wa inna ilaihi raziun). He was 90. He left behind three sons, six…
News Desk Khulna Zone of Islami Bank Bangladesh Limited organized Business Development Conference at a local hotel in Khulna on 13 February 2016. Mohammad Abdul Mannan, Managing Director and CEO of the Bank was present in the conference as the…
China’s Asian Infrastructure Investment Bank’s (AIIB) first investment should be — without a doubt — the Trans-ASEAN Gas Pipeline (TAEG) and Trans-ASEAN Electricity Grid (TAEG). No other Asian infrastructure project is as ‘shovel ready’ and achieves as many positive outcomes…
Business Development Conference-2016 of Comilla Zone of Islami Bank Bangladesh Limited was held at Bangladesh Academy for Rural Development (BARD), Comilla on February 6, 2016. Mohammad Abdul Mannan, Managing Director and CEO of the Bank was present in the conference…
Islami Bank Bangladesh Limited and Election Commission Bangladesh signed Memorrandum of Understanding (MoU) for verifying the information and documents of the bank clients on February 4, 2016 at the election commission office.
A Dhaka court on Monday recorded the depositions of the complainant in the Ashulia bank robbery case. Later, Judge SM Quddus Zaman of the District and Sessions Judge’s Court of Dhaka fixed February 8 to record the depositions of other…
A Child- day care centre for the private commercial banks having head office at Motijheel area was inaugurated. Bangladesh Bank Governor Dr. Atiur Rahman inaugurated the center as chief guest at Al Amin Center, Dilkusha on Sunday.
About $4bn (£2.8bn) may have been stolen from a fund owned by the Malaysian state, a prosecutor says.The 1MDB fund was set up in 2009 to pay for major new economic and social developments in Malaysia.Last year, Swiss authorities opened…
Month-long Dhaka International Trade Fair 2016 is going to be concluded. The fair gets momentum during the last moments with huge presence of visitors and customers. The business companies and service providers participated in the fair are passing busy time…
A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on January 26, 2016, Tuesday at Islami Bank Tower.
The High Court on Monday ordered the officer-in-charge of Mohammadpur Police Station to accept the complaint of Bangladesh Bank official Golam Rabbi, who was allegedly tortured by a policeman, as the first information report (FIR).
A former governor of Bangladesh Bank has said banking sector reforms will not be beneficial unless banks are freed of political influence and pressure.Former central bank governor Salehuddin Ahmed made the comment at a roundtable on ‘banking sector reforms and…