The country’s commercial banks have written off Tk 210 billion from their bad loans till March 2012, the central bank reported recently.

Stocks returned to the red yesterday, after investors went on a selling spree to take profit.DGEN, the benchmark General Index of Dhaka Stock Exchange, finished the day at 4,357.17 points, after dropping 27.81 points or 0.63 percent. Turnover rose 24.38 percent to Tk 759 crore from the previous day.

The success of Ireland's international bailout hinges on it getting more European support and there being economic recovery externally, the International Monetary Fund (IMF) said on Monday as it cut its growth forecast for Ireland for next year.

A Rouf Chowdhury, chairman of Bank Asia, poses with the participants of a two-day workshop on credit appraisal system and green banking, at its concluding ceremony at the bank's corporate office in Dhaka on Sunday.

Finance Minister AMA Muhith yesterday said many from outside the Sonali Bank were involved in the much-talked-about Hall-Mark swindle. Without mentioning any names, he said those linked to the scandal had been identified following much investigation. And cases would be filed in this regard “very ...

The Sonali Bank authorities have sought assistance from the Banking Division to get two new deputy managing directors (DMDs) on board after the incumbent DMDs have been made officer on special duty (OSD) in light of the recent loan scandal.

The central bank yesterday relaxed rules for inland bill purchase (IBP) following a meeting with senior officials of commercial banks. IBP is a credit facility. With the latest decision, banks can now accept inland bill purchase without pre-inspection of goods sent by exporters.

The local banking industry is gradually turning into a role model for the bankers of the emerging countries thanks to offering innovative products and services through adopting global best practices. The banking sector now starts getting international recognition and eyeing more accolades from g...

The merchant bankers will get more time till September 30 to compensate small investors as the Securities and Exchange Commission (SEC) has extended the deadline. The government earlier announced a bailout package to compensate small investors who incurred loses due to recent slump in stock market.

ONE Bank Limited organised 'Clients' Anniversary Night' programme for its clients across the country marking its 13th anniversary at a hotel in Dhaka Thursday. Farman R Chowdhury, Managing Director of the bank inaugurated the programme, said a press release Saturday.