The 122nd branch of Prime Bank Limited (PBL) was opened at the Karnaphuli EPZ (KEPZ) in Chittagong recently. Md. Nader Khan, Director of the Bank inaugurated the branch as chief guest, said a press release.

Dutch-Bangla Bank Ltd (DBBL) and Shakti Foundation signed an agreement on Mobile Banking Services at head office of DBBL recently, says a press release.

The second installment of IMF credit hangs in the balance as the government will not be able to meet the condition of demutualising bourses by December this year.

The state-run Bangladesh Krishi Bank has suspended its Kushtia branch manager after recent investigations found irregularities over Tk 174-crore worth of letters of credit (LC) opened for five companies.

Some politically appointed directors in state-owned banks in collusion with management officials demand bribes to clear outstanding commissions for loan recovery agents, leading banking expert Khondkar Ibrahim Khaled complained yesterday.

Bangladesh must rely on loans of the World Bank to build the proposed Padma bridge as the idea of constructing the South Asia's biggest infrastructure with domestic resources seems unworkable, The Economist said in a report published yesterday.

The surplus capital in banks stands at Tk 4,218 crore, setting them at good stead for the Basel III preparations starting next year. Of the country's 47 banks, all except five have surplus capital as per the international Basel II standards, which stipulate, as a rule of thumb, a capital base of ...

Minister without portfolio Suranjit Sengupta on Friday said steps will be taken against people involved in Hall-Mark scam after proper investigation and the swindled money will be returned to government coffer. "The government will not hesitate to take measure against those who involved in this s...

The government has appointed Prof Santi Narayan Ghosh as the new chairman of Bangladesh Development Bank Ltd (BDBL) for the next two years. Ghosh has been serving the bank as a director since its inception. He is also currently the treasurer of Bangladesh Open University, said a statement.

The scam-stuck Sonali Bank earned net profit worth Tk 9.95 billion in the calendar year 2011. The bank earned an operating profit of Tk. 12.39 billion by deducting annual expenses amounting Tk. 33.41 billion from total income worth Tk. 45.81 billion.