The Sonali Bank authorities yesterday suspended four of its officials following an order from the BFID. The decision had come at a board meeting of the bank, said the BFID Director Zaid Bakht.

Exporters, importers and producers for the local market are entitled to this foreign exchange quota.

The central bank issued a guideline yesterday through a circular with immediate effect. Bangladesh Bank has allowed bank account with Tk10 for the street children to save their income. The central bank issued a guideline yesterday through a circular with immediate effect.

BFID yesterday asked Sonali Bank CEO Pradip Kumar Dutta to immediately suspend the Adamdighi branch manager, deputy general manager and general manager controller. The government has directed all state-owned banks to reinforce their security systems, especially at their vaults by building them wi...

In a blatant breach of regulatory law, many Sonali Bank branches keep seven to eight times the money permitted in their vaults and that, too, all uninsured. The Bangladesh Bank came up with the findings after inspecting eight chest branches (treasury branches that also keep other banks' money) o...

Listed banks are demonstrating a mixed trend in dividends declared for 2013. Of the 30 listed banks, 10 have so far distributed profits to the shareholders; four banks declared higher dividends than last year, two have declared lower dividends, while four have given the same dividends as last ye...

State banks that had huge deficits earlier now enjoy surplus capital as the government has injected fresh funds into the banks and improved their asset quality. Four state-owned banks had a surplus capital of Tk 855 crore on December 31, 2013, though they had a deficit of Tk 8,863 crore on Septem...

AKM Shafiqur Rahman has been appointed managing director of National Bank, the bank said in a statement yesterday.Prior to his appointment, he served as additional managing director of the bank. Rahman started his career as with Bangladesh Krishi Bank in 1974.

A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited (IBBL) was held at the Islami Bank Tower in Dhaka on Saturday. Mufti Sayeed Ahmad, Vice-Chairman of the committee and Head Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif) presided over the meet...

Export Import Bank of Bangladesh Limited (EXIM Bank) shifted its Boardbazar Branch to a new location at Haji Fazlul Haque Plaza at Boardbazar in Gazipur on Saturday. Dr. Mohammed Haider Ali Miah, Managing Director and CEO of the bank inaugurated the branch at new location, said a press release.