The government should immediately void the amendment made to the Grameen Bank Ordinance as the changes are out of touch with reality, a group of professionals said yesterday.

The board of directors of Sonali Bank yesterday claimed they were not guilty of a recent loan scam involving more than Tk 3,606 crore.The board also passed the responsibility of the scam on to the officers and "their collaborators".

Bangladesh Bank's net profits, buoyed by increased government borrowing and repo operations, shot up 105 percent to Tk 3,858 crore in fiscal 2011-12.

Bangladesh Bank Tuesday gave a go-ahead to 10 private sector projects to take loans worth $109.2 million from foreign sources, the regulator said in a statement.

Bangladesh Commerce Bank Limited (BCBL) opened its 32nd branch at Nawabgonj in Dhaka Monday.

Islami Bank Bangla- desh Limited (IBBL) donated a well-equipped ambulance to Dr. Zahed Memorial Child Hospital of Faridpur as a part of its corporate social responsibility.

The state-owned Sonali Bank has lost its capacity to finance the government’s fresh imports, especially done by the Bangladesh Petroleum Corporation (BPC) and the Trading Corporation of Bangladesh (TCB), as it is reeling under acute liquidity shortages.

Dhaka Stock Exchange fell for the second day in a row, as investors, driven by the lure of profits, continued with their selling spree.

Juan Miranda, director general of South Asia Department of the Asian Development Bank (ADB), arrived in Dhaka yesterday for a two-day official visit.

Loan disbursement to SME sector has witnessed a sharp rise during the first six months of 2012 as banks and financial institutions disbursed a total of Tk 32,255 crore, up by Tk 6,092 crore or 24 per cent from the same period of the last year. During the January-July period of the current calenda...