Western Union, together with its agents, has become the largest international money remittance network in Bangladesh, by exceeding a record-setting 12,000 agent locations across the country recently.

Industries Minister Dilip Barua assured the SME sector that the government has laid due emphasis on removing hassles of getting loans .

Circulation of fake currency dropped by 50 percent amid intensified drives by the law-enforcement agencies after Bangladesh Bank (BB) took a tough stance against forged notes since October last year, according to a BB survey.

The Hongkong and Shanghai Banking Cor-poration (HSBC) Limi-ted in corporation with WaterAid, Earthwatch and World Wildlife Fund (WWF) launched "HSBC Water Programme" for ensuring water supply.

IFIC Bank Limited approved 25 percent stock and 5 percent cash dividends for its shareholder for the year 2011.

WASHINGTON: Cash remittances sent home by migrants, a major part of developing world revenue, have grown faster than expected despite the world financial crisis, the World Bank said Tuesday.

The Bangladesh bank (BB) Wednesday annulled the authority of branch offices of different banks on payment of local bills under various L/Cs (Letters of Credit).

The central bank yesterday warned banks against purchases of fake trade bills, a phenomenon that threatens to undermine the banking system.

Stocks bounced back yesterday, breaking a losing streak of seven days, on the back of a buying pressure from institutional investors.

The country’s banking monitoring system should be improved more to prevent circulation of fake notes--the trend of which is on rise in recent days. A noted banker Mirza Mahmed Rafiqur Rahman, additional managing director of United Commercial Bank Ltd (UCBL), made the observation while addressing ...