BASIC Bank yesterday appointed a new managing director after the central bank removed Kazi Faqurul Islam from the troubled state bank as MD on Sunday.

First Security Islami Bank Limited Regional Training Institute, Chittagong organised a workshop on Foreign Exchange for the bank officials.

Industries Minister Amir Hossain Amu yesterday acclaimed the Bangladesh Krishi Bank (BKB) for its significant role in turning Bangladesh into a food-autarchy, reports BSS.

The central bank governor Dr Atiur Rahman yesterday asked the anti money laundering cell of insurance companies to strictly comply with rules and monitor the suspicious transactions to prevent money laundering and terrorist financing

The Bangladesh Bank (BB) has asked all scheduled banks to appoint five to ten officials in each bank at the district level to work as mentors for grooming information and communication technology (ICT) entrepreneurs.

BASIC Bank Managing Director Kazi Faqurul Islam has been removed from his position on charges of irregularities and corruption.

Major General Ashraf Abdullah Yussuf, Vice Chairman of Trust Bank Limited and Adjutant General of Bangladesh Army, presides over the 15th Annual General Meeting of the bank at Army Golf Club in Dhaka recently.

Though the draft of the proposed “Palli Sanchay Bank [Rural Savings Bank]” is still waiting in the parliament for passage, the authorities have already started preparation to set up around 100 upazila branches for the bank.

The bank took the initiative for introducing computerised system in all the branches recently as part of its overall development plan to provide modern banking service to the clients, said Rupali Bank chairman Dr. Ahmad al- Kabir.

In a bid to recapitalise four ailing state-owned banks, the government has decided to set aside Tk5,000 crore for the next fiscal year as per a recommendation by the International Monetary Fund under its extended credit facility (ECF) programme.