Bangladesh Bank has made a decision to reduce the limit of mortgage-free loan for 28 crops at different rates from the new financial year 2014-15.

Banks gave 32 percent less corporate tax to the national exchequer in 2013 than in the previous year due to an increase in their bad loans and shrinking of business owing to political turmoil.

China’s top banks accounted for almost one-third of a record $920bn of profits made by the world’s top 1000 banks last year, showing their rise in power since the financial crisis, a survey showed yesterday.

Md. Shahabuddin Alam has been elected Chairman of Risk Management Committee and Alhaj Akram Hussain (Humayun) has been elected Chairman, Executive Committee of Mercantile Bank Limited.

Considering the demand of the country’s entrepreneurs and investors, the state-owned Sonali Bank Limited has reduced interest rate against loans and advances for some specific sectors.

AK Azad, Managing Director of Ha-Meem Group of Industries was re-elected Chairman of Shahjalal Islami Bank Limited.

Bangladesh Bank has recently asked eight scheduled banks, attached to the National Payment Switch Bangladesh, not to charge clients more than the stipulated Tk 10 for each inter-bank transaction through automated teller machines.

The government plans to invest around Tk334 crore in the upcoming fiscal year to increase its shares in Unilever Bangladesh and IFIC Bank, which deposit huge profits to the public coffers every year, officials said yesterday.

Bank Indonesia (BI) has supported the governments order to ban transactions in US dollar at Jakartas Tanjung Priok Port, Senior Deputy Governor Mirza Adityaswara said here on Friday.

World Bank President Jim Yong Kim said Friday that the bank welcomes China’s proposal of setting up the Asian Infrastructure Investment Bank (AIIB), underscoring that the two agencies should be complimentary partners other than competitors.