Bangladesh Bank yesterday formed a standing committee to review the response of BASIC Bank Managing Director Kazi Faqurul Islam to the show-cause notice served on him in February.

The central bank yesterday increased the size of Export Development Fund (EDF) by 20 percent to make it $1.2 billion to meet exporters' demands.

The central bank has enhanced the foreign exchange quota limit for global private travellers, according to a notice.

Bangladesh Bank Governor Dr Atiur Rahman said the central bank has given due importance on financial inclusion and financial literacy programmes in a bid to bring unbanked people under banking network.

NCC Bank Limited has recently signed an agreement with Airtel Bangladesh Limited to provide mobile banking services to Airtel subscribers.

Mohd Safwan Choudhury and AM Nurul Islam Anu have recently been re-elected vice-chairmen of Bank Asia at a meeting of the bank’s board of directors held in Dhaka.

Most of the listed banks annual profits surged in 2013 on the back of the central bank’s relaxing rules on loan rescheduling to recover losses during political unrest in the second half of the year.

United Commercial Bank Limited organsied a remittance fair in Sylhet on Friday.

Agriculture Minister Matia Chowdhury said the government has decided to establish “Palli Sanchay Bank” in the country for easy bank transaction of rural farmers.

As a part of financial inclusion program, BASIC Bank Limited participated in School Banking Conference-2014 at Chittagong for building awareness among the school going children to develop their savings habit and introduce them with banking services, reports in press release.