The bill for Palli Sanchay Bank, a proposed specialised bank for the rural poor, will be placed in the current session of parliament for its speedy approval in the same sitting. As per the bill, the new bank will emerge from the government’s “One House, One Farm” project, just as Grameen Bank, wh...

Bangladesh Bank Governor Atiur Rahman yesterday asked banks and financial institutions to finance environment-friendly industrial infrastructure. He said the Investment Promotion and Financing Facility (IPFF) Cell of the central bank, backed by the World Bank (WB), has been providing financial a...

Bangladesh bank (BB) has set the target for disbursement of Small and Medium Enterprises (SMEs) loan at Tk 887.53 billion for the year 2014. The amount is 19.63 per cent higher than the last year’s target of Tk 741.87 billion. According to sources, the scheduled banks and financial institutions d...

Sajjad Hussain has recently joined AB Bank as deputy managing director, head of operations and chief risk officer, the bank said in a statement yesterday. Prior to joining AB, he served Dhaka Bank as deputy managing director and head of operations.

Business activity in China’s service sector expanded at its slowest pace in two and a half years in January, a private survey showed on Friday. The HSBC/Markit China services purchasing managers’ index (PMI) posted at 50.7 in January, continuing the fall from 50.9 in December and 52.5 in November...

IFIC Bank Limited signed an agreement with the state-owned mobile network operator Teletalk Bangladesh Limited for providing IFIC mobile banking services to Tetetalk subscribers on Thursday.

Road transport owners have urged the government to help get their bank loans rescheduled as they could not repay due to prolonged political unrest ahead of January 5 national election. They argued that they could not pay the loans back as the transports could not ply through the roads, hindering ...

Pubali Bank Limited started providing Islamic banking services in Principal Branch, Dhaka and Stadium Branch, Sylhet on the basis of Islamic Shariah. The 13th meeting of Bank’s Shariah Supervisory Committee reviewed the overall position of the Islamic Banking, said a press release.

Winter cloth distribution program of Islami Bank Bangladesh Limited (IBBL) has been going on across the country. As parts of countrywide programme, Tangail Branch of the bank distributed winter clothes among the cold stricken poor people of the locality.

Syed Mahbubur Rahman, Managing Director, BRAC Bank, received Citi Distinguished Alumni Awards for his special leadership. Citi globally introduced the Citi Distinguished Alumni Awards which recognises Citi Alumni who have exhibited special leadership, said a press release.