Bangladesh Bank on Sunday warned six new banks due to their aggressive banking as advance-deposit ratio of some banks increased abnormally in the recent months.

Bangladesh Bank Governor Atiur Rahman yesterday advised the newly approved banks to avoid “aggressive” banking, reports BSS.

Provisions for Ananda Shipyard's bad loans have been eating up Islami Bank Bangladesh's profits as it had to set aside Tk 178 crore a year since 2013 for the shipbuilder's bad debts.

Bank Asia has re-elected Mohd Safwan Choudhury and AM Nurul Islam Anu as vice chairmen, the bank said in a statement.

Bangladesh Bank has asked banks not to open letters of credit for duty-free import of industrial raw materials under bonded warehouse system in favour of the businesspeople who do not have licence or renew them from the Customs Bond Commissionerate.

Anurag Mathur, HSBC's head of international retail banking and wealth management for Asia Pacific, will arrive in Dhaka for a two-day visit today.

The central bank has prepared a draft national payment systems act to govern the operations of all kinds of payments in the country.

Around Tk 7,000 crore worth of cheques are being cleared a day under the electronic payment system, which makes the economy vibrant, Bangladesh Bank Deputy Governor Nazneen Sultana said yesterday.

The success of the new China-led development bank has caught the United States off guard,

Transfast and Brac Bank have launched online money transfer services for customers of the US-based company,