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Banking & Finance

• Sonali Bank starts automation

State-owned Sonali Bank tied up with Polaris Financial Technology and started its automation by introducing core banking... Details

• Flaws in loan classification rules upset private sectorBB governor asks not to deprive genuine entrepreneurs

Entrepreneurs can get fresh loans from banks despite their previous loan being classified as ‘sub standard’ under the much-criticised... Details

• Nasiruzzaman promoted to general manager of BB

Md Nasiruzzaman was promoted to general manager at Bangladesh Bank on Thursday.... Details

• BB seeks Tk 3.0b budgetary allocation for EEF projects

The central bank has requested the ministry of finance (MoF) to keep a budgetary allocation of Tk 3.0 billion for Equity and Entrepreneurs Fund ... Details

• Atiur reminds bank chief executives of irregularities

Bangladesh Bank Governor Dr Atiur Rahman on Thursday warned the chief executives of all the operating banks about irregularities,... Details

• New Rules for Loan Classification Provisioning : Roadblocks on industrial growth

Private-sector entrepreneurs as well as commercial banks, both private and state-owned, have been hit hard following the enforcement of the latest loan-classification rules by the Bangladesh Bank, posing a threat to ... Details

• Bangladesh Bank officials get certificate on IFRS training

Accounting professionals are playing vital role in ensuring transparency and accountability in the financial reports... Details

• Citi donates for Rana Plaza tragedy victims

Citibank, N.A. Bangladesh handed a cheque for Tk 1,637,720 to the Centre for Rehabilitation of the Paralyzed (CRP) in response... Details

• Amanullah elected chairman of Mercantile Bank

M Amanullah was elected chairman of the board of directors of Mercantile Bank Limited.... Details

• SJIBL holds EC meeting

The 530th Executive Committee (EC) meeting of Shahjalal Islami Bank Limited (SJIBL) was held at the bank's head office in Dhaka recently... Details

• Worried BB asks banks to curb defaulted loans Mulls low-cost bank accounts for RMG worke

The Bangladesh Bank on Thursday expressed concern over the increasing trend in classified loan in the banking ... Details

• Atiur reminds bank chief executives of irregularities

Bangladesh Bank Governor Dr Atiur Rahman on Thursday warned the chief executives of all the operating banks about irregularities... Details

• BB asks banks to bring RMG workers under mobile banking

The central bank has asked the commercial banks for taking necessary measures to make mobile phone numbers of garment workers as their bank ... Details

• Written-off loans of banks balloon further

The aggregate amount of loans, written off by the country's commercial banks, increased by Tk 32.85 billion in March last over the level ... Details

• Launch of sovereign bond not possible within this govt tenure

The government is unlikely to be able to float 'sovereign bond' within its current electoral tenure due to procedural delays, ... Details

• BB directs banks to open accounts for garment workers

The central bank yesterday asked all banks to help apparel workers open low-cost accounts to foster financial inclusion.... Details

• Banks’ donation for Rana Plaza victims

The country’s private banks have recently donated Tk 80 crore for the victims of Rana Plaza that collapsed on April 24 killing 1,127 garment workers.... Details

• NCC Bank ready to launch mobile banking

National Credit and Commerce Bank is all set to introduce its mobile banking — NCCB Sure Cash — on Sunday.... Details