The board of directors of state-owned Sonali Bank Limited yesterday decided to issue show-cause notices on its 32 officials accused of being involved in the Hallmark loan scam.

The country’s inward remittance hit a record $345 million in a single week before the Eid-ul-Fitr, totalling the amount in the first half of August to $747.84 million.

Bangladesh Bank (BB) has directed all of its branch offices to launch online services for core banking activities such as clearing cheques and re-financing services to banks.

Citi Asia Pacific wins World’s Best Internet Banks award for this year, an annual reward by Global Finance magazine.

Standard Chartered Bank (SCB) recently launched Saadiq Platinum Card aiming to meet the needs of customers and provide Shariah-compliant solu-tions to them.

Gouranga Chakraborty was recently promoted to Executive Director of the Bangladesh Bank. Before his new assignment, Gouranga Chakraborty was the General Manager of Credit Information Bureau of the central bank, said a press release Thursday.

British banking giant HSBC initiated a process to close a bank account of Islami Bank Bangladesh by the end of this month following a US subcommittee report.

Bangladesh's trade gap with India reduced slightly in the just concluded fiscal (2011-12) as compared to that of the previous fiscal. According to Bangladesh Bank statistics, Bangladesh imports goods worth about US$ 4.401 billion from India in last fiscal as against the country’s total export of ...

IFC, a member of the World Bank Group, and India’s government-owned central mortgage registry are developing an expanded database of types of collateral that can be used to secure a loan—an initiative that will increase transparency in India’s lending framework while improving access to credit fo...

Scheduled bank branches in the capital, the port city and elsewhere in the country have experienced a low turnout of customers Wednesday, the first day after a seven-day-long vacation to mark celebration of the Eid-ul-Fitr.