The central bank has reportedly flouted rules to allow state-owned Rupali Bank to declare a dividend although the company has not made any eligible profit last year.

The state-run commercial banks once again ran into a capital shortfall in the first quarter of the year after they failed to arrest the default culture.

SHANGHAI: China designated a clearing bank in Seoul for yuan transactions in South Korea on Friday,

The US Export-Import Bank is considering financing a massive coal-fired power plant in India despite the fact the Obama administration has called on domestic and global public lenders to stop funding coal-plants in his climate change strategy.

Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group,

Two state-run banks -- Sonali and Janata -- have reduced their lending rates due to excess liquidity amid a poor demand for loans.

The parliament yesterday enacted the law for Palli Sanchay Bank, a specialised bank for rural poor along the lines of Grameen Bank.

IFIC Bank provided Tk 5 lakh to Department of Public Administration of Dhaka University on Monday to purchase computers for its library.

The tenures of Md. Sayedur Rahman and Mohammad Azam as vice-chairmen of Social Islami Bank Limited (SIBL) were extended.

There will be no public transactions at the scheduled banks today (Tuesday), the first day of fiscal year 2014-15. Stock markets will also remain closed on the day, official sources said.