Category: Banking

Six top officials of the state-owned Bangladesh Small Industries and Commerce Bank (BASIC) Limited have been has suspended for alleged malpractices. The bank’s Deputy Managing Director Monaem Khan is among them. The decision taken by the nationalised bank’s Board of Directors…

The cost of remittances in Bangladesh is one of the lowest in the world mainly because of strategic use of mobile financial services (MFS) and strategic partnership developed amongst banks, telephone companies and MFIs — said Dr. Atiur Rahman, Governor,…

A bill titled “Palli Sanchay Bank Bill, 2014” has been placed in Parliament on Monday for setting up a specialised bank to facilitate savings and transactions of the earnings of the rural poor and under privileged people. Minister for Finance…

Rajshahi Krishi Unnayan Bank (RAKUB) has started entering into online banking era as an effort to going ahead amidst the present time of gradually increasing demands.

Sonali Bank Limited on Sunday lodged one more case against Hall-Mark Group Managing Director (MD) Tanvir Mahmud and the Group’s Chairman Jesmin Islam on the charge of default in the payment of loan amounting to Tk 9,92,92,113. Executive Officer of…

Prof Abu Nasser Muhammad Abduz Zaher, chairman of Board of Directors of Islami Bank Bangladesh Ltd (IBBL), has been re-elected as chairman of Islamic Banks Consultative Forum (IBCF) for the current year. Besides, EXIM Bank chairman Md Nazrul Islam Mazumder…

Sonali Bank Limited on Thursday lodged three more cases against Hall-Mark Group Managing Director (MD) Tanvir Mahmud and the Group’s Chairman Jesmin Islam on the charge of default in the payment of loan amounting to Tk 21.71 crore. These three…

A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Ltd (IBBL) was held at Islami Bank Tower in the capital on Monday. Sheikh Moulana Mohammad Qutubuddin, chairman of the committee, presided over the meeting which was attended by…

Rebutting a minister’s claim, the Islami Bank has said it has donated Tk 30 million (three crore) for the Independence Day event in which thousands are expected to sing the national anthem to set a world record. Information Minister Hasanul…

Bangladesh Bank (BB) governor Atiur Rahman on Thursday said they are going to issue an order to fix the loan refinancing for some small women entrepreneurs below Tk 50,000. Addressing the Women Entrepreneurs’ Conference and Product Display 2014, the BB…

The authorities on Monday suspended Sonali Bank Adamdighi branch manager Shamsuddin Sharif and its cashier Ajharul Islam in connection with the looting of Tk 32.51 lakh from the branch. “Shamsuddin and Ajharul have been suspended as per the directives of…

The Bangladesh Bank has revised travel quota entitlements for exporters, importers and producers for the local market, says a press release of the bank. The circular issued by the central ank is as follows:

A meeting of the Shari`ah supervisory committee of Islami Bank Bangladesh Ltd (IBBL) was held in the city on Saturday. Mufti Sayeed Ahmad, vice-chairman of the committee and head mufti (Islamic scholar) of Al Jamiatus Siddikiah Darul Ulum presided over…

Miscreants have decamped with unspecified amount of cash from a branch of Sonali Bank at Bogra’s Adamdighi Upazila by digging a tunnel. Police is yet to confirm the amount that has been taken away. Alamdighi Police Station OC Nazrul Islam said…

The Sonali Bank lost Tk 20 million last year as hackers breached its vulnerable “password and risk management system”. “The bank lost $250, 000 due to the hacking of one of its accounts’ password last year,” said M Aslam Alam,…

Dhaka – Members of Rapid Action Battalion (Rab) arrested the mastermind of the Kishoreganj Sonali Bank (SB) burglary from Bhairab upazila of Kishoreganj district early Saturday. The arrested was identified as Siraj, uncle-in-law of Habibur Rahman Habib alias Sohel whom…

Islami Bank Bangladesh Limited (IBBL) has launched its next generation VISA Debit Card. Bangladesh Bank Executive Director Dasgupta Asim Kumar inaugurated the card as the chief guest at a programme at a city hotel with IBBL Managing Director and CEO…

Detective Branch (DB) of police detained a banker for his alleged involvement in political activities of Jamaat from Raipara area under Rajpara Police Station in the city last night.

Dhaka – The employees of BRAC Bank Limited has organised a marathon titled ‘BRAC Bank DAUR 2014 – Kolyaner Pothochola’ to raise fund for humanity. Benazir Ahmed, Dhaka Metropolitan Police (DMP) Commissioner, was present as the chief guest at the…