Dhaka March 13, 2025, 8:07 am
The central bank has started preparations to formulate its next monetary policy, giving top priority to curb the rising trend of inflation and help the productive sectors achieve maximum economic growth
The meeting approved 10 per cent stock dividend for the shareholders for the year of 2017 and the Directors Reported and audited Balance Sheet and Profit and Loss Account for the year ended on 31 December 2017
After Nakao received a request from Bangladesh Finance Minister Abul Maal Abdul Muhith for grant assistance when they met in early May, ADB developed and processed the project at an extraordinary speed under its emergency pro
As per Section 121 of the Bank Company Act 1991, the PKB can be exempted from the Subsection 14 ka (1) in holding a 95 per cent stake (Tk 3.80 billion) by the Wage Earners' Welfare Board (WEWB),
Various innovative programmes like open agriculture loan disbursement, loan fair, loan recovery grand camp and deposit collection fair helped the bank attaining the success
Bangladesh stressed on the importance and relevance of the aviation sector supporting the growth of the country’s economy. As the leading global bank in Bangladesh, Citi is committed to bringing its range of innovative paymen
The IDA has become a part of development history of Bangladesh. The IDA is a part of the World Bank that helps the world's poorest countries. Overseen by 173 shareholder nations, IDA aims to reduce poverty by providing loans
One of the 18 banks maintained an interest rate spread of 13.50 percentage points between the credit card product and the loan product in violation of the BB rules
The Security Printing Corporation Bangladesh Ltd. (SPCBL) printed 1016.80 million currencies and banknotes as of May in FY 2017-18. Some 9653.24 million other security products (OSPs) will also be printed, up by 10.07 per cen
According to a BB document, the loan write-off practice is an internationally accepted normal phenomenon in the banking business
We're are committed to implement the cut in the banks' lending and deposit rates in line with the decision of the Bangladesh Association of Banks (BAB)," the Association of Bankers, Bangladesh (ABB) Chairman Syed Mahbubur Rah
Technical mission of AIIB indicated to finance the US$ 300-million Sylhet-Tamabil four-lane project after holding a meeting with the Roads and Highways Department (RHD) officials last week
The instruction came five days after advising the NBFIs to fix interest rate on deposit at a reasonable level for ensuring stability in the country's financial sector
In February 2016, cybercriminals stole US$101 million from the Bangladesh Bank reserves deposited with the US Federal Reserve Bank. They channelled the money to the bank accounts at RCBC in Manila by placing fraudulent orders
The Association of Banks (BAB) decided to bring down the interest rate on lending to 9% and that on deposits to 6% from the existing levels. The new interest rates will go into effect from July 1
To further expand the scope and impact of its Trade Finance Program (TFP)
According to the circular, branch operations of foreign banks need to share expenses of their head offices against benefits accrued to operations in Bangladesh
Finance Division Secretary Mohammad Muslim Chowdhury will sign the notes which will be issued at Motijheel branch of Bangladesh Bank (BB) on Sunday (tomorrow) and other offices of the central bank later
Ruling party MP Prof Md Ali Ashraf put emphasis on restoring discipline in the banking sector saying that the sector will collapse if steps are not taken immediately. “The Finance Minister must take steps.”
The BCIC recently wrote to the industries ministry seeking extension of the tenure of the counter-guarantees, issued in favour of five state-owned banks (SoBs), by one year to June 30, 2019
