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.
Sonali Bank suffers Tk 895cr capital shortfall again
Posted by on Tue, May 13 2014 03:31 pm
Bangladesh Bank on Sunday asked Sonali Bank to raise fund maintaining its minimum capital requirement as the bank suffered a capital deficit of Tk 895 crore as of December 31, 2013.
ADB sticks to lower GDP growth projection of 5.6pc
Posted by on Tue, May 13 2014 03:01 pm
The Asian Development Bank on Monday reiterated the country’s GDP growth rate at 5.6 per cent because of political unrest surrounding the January 5 election which resulted in declining remittances and export orders in 2013-14 fiscal year.
Uttara Bank approves 10pc stock, 15pc cash dividends
Posted by on Tue, May 13 2014 01:09 pm
Uttara Bank Limited approved 10 percent stock dividend and 15 percent cash dividend for the shareholders for the year ended on 31st December, 2013.
City Bank unveils payment solution for businesses
Posted by on Mon, May 12 2014 11:39 am
City Bank in collaboration with American Express yesterday launched an end-to-end payment solution which would reduce the cost of doing business in Bangladesh.
World Bank approves $60m for VAT reforms
Posted by on Mon, May 12 2014 11:29 am
The World Bank yesterday approved $60 million (about Tk 470 crore) in interest-free credit to help modernise Bangladesh's value added tax (VAT) administration and increase tax revenue.
Banks, telcos seek access to national ID database
Posted by on Mon, May 12 2014 10:59 am
Banks and telecom operators yesterday urged the government to immediately create an integrated platform enabling them to access the national identity database for checking the authenticity of information.
HC questions BASIC Bank officials' promotion
Posted by on Mon, May 12 2014 10:32 am
The High Court yesterday questioned the legality of the promotion of two officials of BASIC Bank to deputy managing director.
Bank interest spread rises further
Posted by on Sun, May 11 2014 12:21 pm
Interest spread rate in the banking sector increased further in March as 24 scheduled banks failed to maintain the rate below five percentage point in accordance with the central bank’s directions.
RAKUB organises banking software orientation programme
Posted by on Sun, May 11 2014 12:10 pm
Rajshahi Krishi Unnayan Bank (RAKUB) organised an orientation programme for its senior officials on a banking software namely Infinity Banking Solutions.
Jamuna Bank approves 15pc stock dividend
Posted by on Sun, May 11 2014 11:57 am
Jamuna Bank Limited (JBL) approved 15 percent stock dividend for its shareholders for the year ended on 31st December in 2013.