News

Banking News - Get updated with hot and latest banking news and events in Bangladesh. We believe it is helpful for all bankers, people related to the banking sector as well as for those who follow the banking sector in Bangladesh.

IMF: Corporate tax schemes hurt developing countries

Posted by BankInfo on Sun, Jun 29 2014 09:19 am
Developing economies are increasingly hurt by the way global corporations exploit taxation differences and move profits to low-tax locations, according to an International Monetary Fund report Wednesday. But few countries can protect themselves in a competition for direct investment that increasi...

Rezaul re-elected Chairman of Social Islami Bank

Posted by BankInfo on Sun, Jun 29 2014 09:11 am
Major (Retd) Dr. Md. Rezaul Haque has been re-elected Chairman of the Board of Directors of Social Islami Bank Limited. The board of the bank in its 314th meeting unanimously extended the tenure of the current chairman for his dynamic and pragmatic leadership for visible growth of the bank, said ...

Islami Bank launches ‘Khidmah’ credit card

Posted by BankInfo on Wed, Jun 25 2014 04:37 pm
Islami Bank Bangladesh Limited on Tuesday officially introduced Shariah compliant credit card ‘Khidmah’ at a local hotel in the capital. Md. Abul Quasem, deputy governor of Bangladesh Bank unveiled the card as chief guest.

BB raises bank cash reserve requirement

Posted by BankInfo on Wed, Jun 25 2014 04:20 pm
A BB official told New Age that the central bank would mop up around Tk 3,000 crore from the banks by increasing the CRR, also known as cash reserve ratio, as the banks had excess liquidity amid a dull business condition.

BB requests Swiss authorities to sign MoU on money laundering

Posted by BankInfo on Wed, Jun 25 2014 04:16 pm
Bangladesh Bank on Tuesday sent a letter to Swiss Financial Intelligence Unit expressing interest to sign

Single borrowing limit raised to $15m

Posted by BankInfo on Wed, Jun 25 2014 04:10 pm
Bangladesh Bank has increased the limit of borrowing by an exporter from the Export Development Fund to $15 million from the existing $12 million.

IFC to ramp up operations

Posted by BankInfo on Mon, Jun 23 2014 03:26 pm
A top regional official of IFC, a member of the World Bank Group, met the Bangladesh Banka governor saying the institution will ramp up its operations in the country to boost job creation and economic competitiveness, reports UNB.

New chief joins Meghna Bank

Posted by BankInfo on Mon, Jun 23 2014 03:18 pm
Mohammed Nurul Amin has recently joined Meghna Bank as managing director and chief executive officer

BB fails to check capital flight

Posted by BankInfo on Mon, Jun 23 2014 03:06 pm
The Bangladesh Bank has seemingly failed to check capital flight from the country although it has a full-fledged unit to monitor and detect such illegal transactions widely known as ‘hundi’.

Bank borrowing falls far below target

Posted by BankInfo on Sun, Jun 22 2014 12:54 pm
The government's borrowing from the banking system stood at only 21 percent of its target in the first 11 months of the outgoing fiscal year due to slow implementation of development programmes.
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