Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed around Tk3.44bn as loan to boost rural economy alongside employment generation in the country’s northwest region in the first four months of the current 2013-14 fiscal.

Bangladesh Bank has relaxed the guidelines for writing off small bad loans as it considered the litigation cost is sometimes higher than the amount of a loan. It allowed the scheduled banks to write-off classified loans below Tk50,000 without filing any case.

It seems that the row within government over the proposed Palli Sanchay Bank, a bank to encourage rural savings, has finally seen an end. Bangladesh Bank and Finance Division who have been opposing the proposal from the very outset have retreated.

The extent of default loans increased in the third quarter due to tightening the loan classification guideline, sluggish business activities during the political uncertainty and interruption in energy supplies.

Financial Inclusion is a built-in concept of Islamic Finance and Bangladesh has become a role model of financial inclusion for the Islamic financial world. Mohammad Abdul Mannan, managing director of Islami Bank Bangladesh Limited, said this while addressing the first ever ADB conference on Isl...

State-owned Sonali Bank has taken an initiative to help other local banks to run their banking business in the United Kingdom, particularly the remittance service to non-resident Bangladeshis (NRBs).

AB Bank Limited signed a Memorandum of Understanding (MoU) with Central Procurement Technical Unit (CPTU), Ministry of Planning on “Registration with Electronic Government Procurement (e-GP) System” recently.

The country’s commercial banks are awash with idle money due to poor investment and lower credit demand, with almost all kind of business expansion remained suspended amid political uncertainty ahead of the upcoming general election.

The LGRD ministry has asked Bangladesh Bank not to oppose the establishment of Palli Sanchay Bank (PSB), a bank proposed to encourage rural savings. Rural Development and Cooperatives Division of the ministry recently wrote a letter to the central bank governor in this regard, said officials.

The committee of secretaries on Tuesday submitted recommendations to the finance minister regarding a separate pay scale for the employees of the Bangladesh and the four other state-owned commercial banks.