The Bangladesh Bank on Tuesday asked the scheduled banks to follow the Bangladesh Bank (Note Refund) Regulations 2012, adding that the BB would take punitive action against the officials concerned of the banks if they fail to abide by the rules.

The BB in a circular asked the banks to repay full value of a note to clients through the cash counters if the single largest piece of a mutilated or charred note presented is more than 90 per cent of the note.

   
As per the new BB regulation, banks will pay 50 per cent value of a mutilated or charred note to the clients, if the single largest piece of the note presented before the bank is between 51 per cent and 75 per cent of the note.

 
The clients will get 75 per cent of its value, if the single largest piece presented is between 76 and 90 per cent of the note. No claim regarding a charred note will be considered unless the unburnt area of the note is more than 50 per cent of the note.

M Kamal Hossain, Senior Executive Vice President of Southeast Bank Limited has been promoted to Deputy Managing Director of the bank.

Kamal joined the services of Southeast Bank Limited as Vice President in 2003 and subsequently was promoted to Senior Vice President, Executive Vice President and Senior Executive Vice President in 2005, 2009 and 2012 respectively. Kamal started his banking career as a Probationary Officer at National Bank in 1983.

Bangladesh Bank (BB) will launch a new branch in Mymensingh district headquarters today (Wednesday) in order to enhance its supervisory activities.

The central bank governor Dr Atiur Rahman is due to inaugurate the branch office at Hridoy Tower on Durgabari road in the town at 11:30 am.

Local elite personalities and officials are supposed to join the inaugural ceremony.

Zainul Haque Sikder, Sponsor Director and Chairman of the board of directors of National Bank, inaugurates a branch at ZH Sikder University of Science and Technology in Shariatpur Monday.

National Bank Limited (NBL) opened its 164th branch at ZH Sikder University of Science and Technology in Shariatpur Monday.

Zainul Haque Sikder, Sponsor Director and Chairman of the board of directors of the bank, inaugurated the branch as chief guest, said a press release.

Monowara Sikder, Director, Parveen Haque Sikder, Director and Chairperson of Executive Committee and Momtazul Haque spoke on the occasion as special guests.

Meanwhile, a discussion meeting was held on the occas

Commerce Minister Golam Mohammad Quader hands over a trophy to Md Ehsan Khasru, Managing Director of Prime Bank, at an award giving ceremony at a city hotel in Dhaka recently.

Prime Bank Limited (PBL) was awarded the first prize of ICMAB Best Corporate Award-2012 under the category of Private Commercial Bank (Conventional Operation).

Commerce Minister Golam Mohammad Quader handed over the award to Md Ehsan Khasru, Managing Director of Prime Bank, at a function recently, said a press release.

The prize giving ceremony was organised by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) at a city hotel in Dhaka.

This award is given as the testimony of the transparency, accountability, good corporate governance, corporate social responsibility and sustainability of the bank.