IFIC Bank Limited declared 15 percent stock dividend for its shareholders for the year 2013.

Bangladesh Bank (BB) has relaxed its rules on opening of new branches by commercial banks in the country.

The IFIC bank yesterday approved 15 per cent stock dividend to its shareholders for the year 2013.

Scheduled banks’ capital decreased by Tk 616.39 crore to Tk 64,574.61 crore in the first quarter of 2014 from that of Tk 65,191 crore as of December 31, 2013 with eight banks including BASIC Bank failing to manage their minimum capital requirement.

Bangladesh is going to be a $100bn trade economy in near future as it is growing up despite the unstable situation in 2013, a trade body leader said yesterday.

Basic Bank Chairman Sheikh Abdul Hye Bachchu would be removed before his tenure in the wake of huge financial irregularities in the bank.

Analysts say the central bank’s strong anti-inflation policies may clash with Modi’s aim of reviving an economy which grew by 4.7 percent last year—the lowest level in nearly a decade, and half the rate seen during India’s boom years.

Rupali Bank Limited declared 15 percent stock dividend for its shareholders for the year ended on 31st December, 2013.

Mercantile Bank Limited has selected 10 virtuous persons and one organisation for the Mercantile Bank Achievement Award-2014.

The 6th Extraordinary General Meeting (EGM) of Eastern Bank Limited (EBL) was held at the convention hall of Unique Trade Centre in Dhaka on Sunday.