Mumbai: The rupee Friday fell by a whopping 43 paise to close at one-month low of 53.84 on the back of heavy dollar demand from oil importers and defence companies, extending losses for the second straight day.

Right at this moment the banking industry of the country is very shaky and upset with the Hall-Mark issue. At the same time, the banking system around the world is facing debt crisis, liquidity crisis, credit crunch etc., the ripple of which is also running through the local banking sector.

The state-run Sonali Bank Limited (SBL) sought permission from the Bangladesh Bank (BB) Wednesday to settle all its overdue payments to other banks against fake 'inland bills' accepted in recent months.

The central bank has asked the banks to install fake note detecting machine in all the cattle markets approved by the Dhaka City Corporation (DCC). This is for the second time that such a move has been taken in addition to deployment of adequate security forces in the cattle markets where sacrif...

Country’s call money market stays stable ahead of Eid ul Azha and Durga Puja as commercial banks have taken short term measures and that Bangladesh Bank supplied liquid cash in to the market. “We have taken steps through our treasury bill purchase and other means to keep cash flow normal in the m...

AB Bank organised a five-day training programme on ‘international trade, foreign exchange and information technology’ for a visiting delegation of Myanma Economic Bank of Myanmar.

The 124th branch of Prime Bank Limited was opened in Brahmanbaria on Monday. Md. Shirajul Islam Mollah, Chairman of the bank inaugurated the branch as chief guest, said a press release.

Bangladesh Bank (BB) has asked the management of all commercial banks operating in the country to check validity and authenticity of IRC (Import Registration Certificate) submitted by businesses before accepting L/Cs .

Financially excluded people, specially the farmers, have started getting benefits from ‘Taka 10’ bank accounts which are not only helping them to get government’s financial assistance easily but also creating saving tendency among them.

Though the IMF downgraded Bangladesh’s growth estimation to 5.8 percent in 2012-13 fiscal due to sluggish exports and investment, experts opined that the country may maintain its 6 percent-plus growth by accelerated export performance in readymade apparels, leather products and increased expatria...