Tag: Banking

Dr. Biru Paksha Paul has joined as Chief Economist of Bangladesh Bank. Dr. Paul is associate professor of economics at the State University of New York at Cortland. He completed his masters in economics from the University of Dhaka in…

There has been allegation of some illegal promotion in the Sonali Bank from the ranks of Deputy General Manager and General Manager. Those who received promotions have also joined their new post without proper approval, according to bank sources. Formerly…

Bangladesh Bank and Bangladesh Economists’ Forum (BEF) jointly organized a workshop titled “Reflections on the First BEF Conference: Challenges Facing Economic Research in Bangladesh”. AHM Mustafa Kamal, minister for Planning, was the chief guest at the conference, Prof. Nurul Islam,…

Islami Bank Bangladesh Limited has received the best ‘Small Entrepreneur Friendly Bank of the Year’ award. Finance Minister AMA Muhith handed over the crest of the award to Managing Director of the bank Mohammad Abdul Mannan at a function at…

Bangladesh Bank (BB) on Sunday removed BASIC Bank Limited Managing Director (MD) Kazi Faqurul Islam on charge of irregularities and corruption. Kazi Faqurul Islam has been removed with immediate effect as he indulged in financial irregularities while disbursing loans violating…

Finance Minister AMA Muhith on Thursday said the operation of Basic Bank’s Gulshan branch will be closed because of corruption. “I must stop the operation of the Basic Bank’s Gulshan branch which got involved in massive corruption. The whole bank’s…

Islami Bank Bangladesh Limited Bogra Zone organised a daylong workshop on Women Entrepreneurship Development in Bogra recently. Mizanur Rahman Jodder, General Manager of Bangladesh Bank, inaugurated the workshop as the chief guest. Presided over by Md Mosharraf Hossain, Executive Vice-president…

Islami Bank Bangladesh Limited organized an orientation program at Mohammad Younus Auditorium of Islami Bank Tower today (Monday) on the occasion of joining of 140 newly recruited probationary officers. Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the bank was…

The government is taking Tk 10 billion from Islami Bank Bangladesh Limited for the Padma bridge project. And Planning Minister AHM Mustafa Kamal sees no problem with taking money from an institution that is operating as a legitimate bank. The…

Islamic Banks Consultative Forum (IBCF) held a seminar titled ‘Islamic Banking: Bangladesh Perspective’ in the capital on Sunday. Dr Ahmad Mohamed Ali, president of Islamic Development Bank (IDB) was present at the seminar as the chief guest.

Bangladesh Bank Governor Dr Atiur Rahman on Sunday praised the roles played by the shariah based Islamic Banks in Bangladesh and expressed the hope that the role of shariah based banking would be widened in Bangladesh’s inclusive, environmentally sustainable economic…

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…