Removing all confusions about the permission of new banks, Finance Minister AMA Muhith on Monday categorically said the government is going to issue licenses for setting up three new banks. “Not two, we’re giving (permission for) three
Prime Minister Sheikh Hasina today appreciated the role of private sector in country's economic development saying her government is always promoting the sector. The prime minister said this while receiving blankets from
A Hong Kong tribunal on Tuesday imposed a fine of HK$400 million ($51 million) on the private banking unit of HSBC (HSBA.L) in a case related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008. The Securities
The Asian Development Bank (ADB) will provide US$260 million to Bangladesh for sustaining and increasing its investments in infrastructures, particularly financing public-private partnership (PPP) projects as well as renewable energy
The microfinance programme of the Islami Bank Bangladesh Limited (IBBL) is getting a good response from the rural and urban poor and slum dwellers as the bank has already disbursed Taka 18,856.15 crore loans among them till August 31, 2017.
Country's 80% banks fail to handle the incidents of cyber attacks as those suffer the shortage of skilled and efficient manpower. According to a research report of Bangladesh Institute of Bank Management (BIMB), online banking is increasingly
Prof Anwarul Azim Arif, the former vice-chancellor (VC) of Chittagong University, has been elected as the chairman of Social Islami Bank Limited. Professor Azim told the Daily Kalerkantho: "The new changes have been made in the bank's
The credit disbursement for the small and medium enterprises (SMEs) increased by 19.86 percent in the first six months of 2017 compared to the corresponding period in the last year, according to the Bangladesh Bank (BB) data, reports BSS.
Finance Minister AMA Muhith has reiterated his optimism about getting back the Bangladesh Bank's (BB) stolen reserve money from the Philippines despite the delay in the procedure. "The activities are going on to bring back BB's stolen
Bangladesh Bank (BB) has asked the chief executives of all scheduled banks to keep 2 percent general provision instead of the existing 5 percent against unclassified credit card loans under consumer financing. "Banks will be required to
Bangladesh Bank (BB) will release new currency notes for Taka 5 and Taka 100 in the market ahead of the Eid-ul-Azha from August 27. The new notes will be distributed from all branches of Bangladesh Bank across the