A number of banks on several occasions had accepted foreign and local bills against letters of credit, but did not pay the dues of other banks in time. The amount of such unpaid bills stood at $363 million or Tk 2,976 crore as of June 30.

The controversial Hall-Mark Group now claims an abnormally inflated price for the 47 acres of land it has mortgaged to Sonali Bank for the Tk 2,686-crore loan it has taken using forged papers. Through public advertisements over the last few days, the company has been claiming the market price of...

Bangladesh Bank all on a sudden on June 14, 2012 has issued a circular on loan provisioning and loan rescheduling with several stringent conditions which have put commercial banks as well as entrepreneurs in a troublesome position. The circulars appeared as a bolt from the blue.

The printing of banknotes in obsolete machines has put the country and its people at risk of being counterfeit victims. Other important and security materials are also being printed amid risk.

Disbursement of loans by Bangladesh House Building Finance Corporation (HBFC) increased by about 32.88 percent in fiscal 2011-12 compared to that in the previous fiscal.

Bangladesh Bank (BB) Governor Dr Atiur Rahman Thursday directed all the commercial banks to immediately go for initiating legal procedures, including filing criminal cases, if any fraudulence in lending and other banking transactions is detected.

The 360th Executive Committee meeting of Board of Directors of Al-Arafah Islami Bank Ltd was held at the board room of the bank Thursday. Al-hajj Abdus Samad, Chairman of the Executive Committee presided over the meeting, said a press release. The meeting reviewed overall business performance of ...

Sayeed H. Chowdhury, Chairman of One Bank Limited, speaks at a programme styled "Clients' Anniversary Night," organised on the occasion of its 13th Anniversary of the bank at Ruposhi Bangla Hotel recently.

Jahangir Akand Selim, Director of BASIC Bank Limited, has been accorded Commercially Important Person (CIP) in export category.

A training course on "Green Banking and Environmental Concerns in Credit Risk Management" was organised by Premier Bank in its Head Office, Dhaka.