NEW DELHI: The World Bank yesterday offered India a $500 million loan aimed at improving access to secondary education and enhancing its quality, a statement said.

YANGON: The Central Bank of Myanmar has denied rumors about the instability of private banks in the country which has created some panic among savers, official media reported yesterday.

The 131st meeting of the Board of Audit Committee of Shahjalal Islami Bank Limited was held at the bank’s head office in Dhaka recently.

Bangladesh Bank will release Tk 200 billion before two big religious festivals – Eid-ul-Azha and Durga Puja – to prevent volatility on the call money market by increasing cash flow to the banks.

Bangladesh Bank Governor Atiur Rahman yesterday called for more control over state-run commercial banks to help them run professionally and enhance their accountability.

The Asian Development Bank (ADB) on Wednesday said the net losses of the 48 non-financial state-owned enterprises (SOEs) expanded markedly to $2.1 billion in FY2012 from the previous year’s $1.2 billion. The Bangladesh Petroleum Corporation (BPC) recorded the largest loss, at $2.0 billion, reflec...

The 502nd Executive Committee (EC) meeting of Shahjalal Islami Bank Limited was held recently at the bank’s head office. Al-hajj Mohammad Hasan, Chairman of the EC presided over the meeting, said a press release.

Al-hajj Nur Mohammad, Chairman of Jamuna Bank Foundation, is going to attend the future of international conference on ‘Corporate Social Responsibility’ (CSR) beginning today (Thursday). The three-day conference will be held at Humboldt University in Berlin, Germany, said a press release. A...

Bangladesh Bank (BB) advised the commercial banks to encourage traders for opening Letter of Credit (LCs) for import of essentials to keep the prices of the essential commodities stable ahead of two major festivals – Eid-ul-Azha and Durga Puja.

The National Board of Revenue has brought the banking business of cooperative societies and cooperative banks under its scrutiny.