Dhaka April 29, 2025, 2:25 am
Finance Minister AHM Mustafa Kamal has reiterated that those who are involved in the banking sector irregularities would not be spared.
Chairman of the Association of Bankers, Bangladesh (ABB) Syed Mahbubur Rahman has claimed that there is no pressure from the central bank to lower the interest rates in the banking sector to in between 6 and 9 percent.
The newly-appointed liquidator for the People's Leasing and Financial Services Limited (PLFSL) is expected to take over the responsibility of the trouble-torn non-banking financial institution (NBFI) soon.
The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said.
Bazal Ahmed has been elected vice chairman of the United Commercial Bank Limited (UCB) at the 439th board meeting of the bank. He is also a member of the executive committee of UCB.
The central bank said as a regulator it will not shoulder the responsibility of failure on the part of the People's Leasing and Financial Services Ltd (PLFSL), which is now facing liquidation.
BRAC Bank Limited has come forward to provide scholarships to the meritorious students of Dhaka University's Business Studies Faculty as part of its corporate social responsibility.
The Asia Pacific Group (APG) on money laundering has assured Bangladesh of ratcheting up pressure on the Philippines to return the heisted reserve money, officials said.
The government has directed the specialised banks and financial institutions to work out their plans to recover money from all loan defaulters.
Dhaka Bank will decentralise its loan concentration from corporate to retail and small and medium enterprises (SME) to minimise credit risk, said the top executive of the leading private commercial bank (PCB) recently.
Islami Bank Bangladesh Limited has launched EMV Chip Card.
BRAC Bank Limited and Mohammad & Sons, a new venture of Meghna Group, have entered into a partnership agreement.
Ten banks, including six state lenders, suffered a total capital shortfall of over Tk 183 billion in the first quarter (Q1) of the year as rising troubled loans wiped out their profits.
Eastern Bank Limited (EBL) won the ‘Best Investment Bank Bangladesh’ trophy at the FinanceAsia Country Awards 2019, held in Hong Kong recently.
Union Bank Training Institute recently organised a day-long workshop on ‘Prevention of Money Laundering & Combating Terrorist Financing’.
Mr. M Azizul Huq, Chairman, Shariah Supervisory Committee of the Board, Bank Asia Ltd., inaugurated a day-long training workshop on “Islamic Banking Business” for 52 Heads of Branches of the Bank as the Chief Guest recently.
Higher bank borrowing target to meet the budget deficit will worsen the private investment drought as money market faces an acute shortage of funds spawned by rising troubled loans, speakers warned on Sunday.
In a spate of cyber attacks carried out by international hackers last month, two of the private banks of Bangladesh
Demand for greenbacks rises as capital machinery for major infrastructure projects being imported by state-owned commercial banks
The state-owned specialised banks and financial institutions (FIs) are making little effort to recover their written-off loans worth billions of taka, data showed.
