HSBC has been recognised as the 'Best Domestic Cash management Bank' in Bangladesh at the Euromoney Cash Management Poll 2012, the bank said in a statement yesterday.

Financing the small enterprises in the country is apprehended to be affected badly if the central bank's newly announced loan provisioning policy comes into effect, ultimately hindering the inclusive banking, according to a top official of a SME-focused bank.

Commercial banks or financial institutions (FIs) have been authorised to deduct Value Added Tax (VAT) from commission income on account of mobile banking services.

Islami Bank Bangladesh Limited organised Business Development Conference for its officers for Comilla, Sylhet and Noakhali zonal offices in Comilla.

The Bangladesh Bank has signed a package agreement styled “IT System for CRT and STR” with Thakral Information Systems Pvt Limited on providing IT supports.

Md Shafiqur Rahman has been promoted to Managing Director (MD) of Social Islami Bank Limited (SIBL) effective from October 1, 2012. Shafique, a post graduate in commerce of the University of Dhaka and an associate of the Institute of Bankers, Bangladesh, was DMD of SIBL since 2012.

Islami Bank Bangladesh Limited Friday organised Business Development Conference for Chittagong North and South zones. Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the bank spoke at the function as chief guest.

The rate of cancellation of import-related letters of credit (LCs) has increased significantly because of disagreement between importers and exporters and volatility in prices of the commodities/items on the global market, official sources said.

Almost all the state-owned banks and specialised banks are in deep financial trouble as their risk based assets are piling up day by day, officials said.

The government has rejected a proposal to give preference to persons with disabilities in availing credits under the draft Disabled Persons’ Rights Act 2012, officials said.