The head of a visiting IMF team yesterday suggested greater authority for the central bank to govern all banks, both private and state-run, to ensure prudential management of the financial sector.

The central bank yesterday asked 32 Sonali Bank officials, including a former managing director, to submit their bank statements within 10 days. The statements will be sent to the Anti-Corruption Commission for legal action if it is found that they have illegal incomes, a Bangladesh Bank official...

The Anti-Corruption Commission (ACC) yesterday sued five persons, including three high officials of Rupali Bank, for embezzling Tk 15 crore, as the amount was drawn from the bank against fake documents.

Government borrowing from the banking systems came down slightly in the first quarter of the current financial year, thanks to rise in fund flow from other internal and external sources, Bangladesh Bank (BB) sources said. As of 16 September, starting from 1st of July, the government’s bank borrow...

Dhaka Bank Ltd, a private commercial bank, has launched a package for Hajj pilgrims and agents on Sunday. Under the package, the bank introduced “Travelers’ Cheque” and “Hajj Card”, by which, the Hajj prilgrims and agents can draw money from any bank in Saudi Arabia.

Southeast Bank has inaugurated cash remittance service through Point of Sale (POS) devices, said a press release. Southeast Bank will provide the service through the branches of Society for Social Services (SSS), a local NGO.

Prime Bank Limited, as part of its Corporate Social Responsibility (CSR), distributed stipends to some meritorious students. Prime Bank Foundation organised the programme titled 'Education Support Programme' at the LGED Auditorium in Dhaka Saturday, said a press release Sunday.

Pubali Bank Limited (PBL) arranged a day-long training programme on "Internet Banking, Remittances, CIB Reporting and Customer Registration" at its head office recently.

Standard Chartered Bank (SCB) will provide $60 million foreign currency facility to Agrani Bank to support its trade financing activities. To this effect, Standard Chartered Bank recently signed an agreement with Agrani Bank Limited.

Jaspal Singh Bindra, Chief Executive Officer of Standard Chartered for Asia arrived in Dhaka on an official visit to Bangladesh. During the visit, Jaspal Bindra will review Standard Chartered’s business and strategies in Bangladesh. He will meet government high-ups and interact with staffs and cl...