The Value Added Tax (VAT) Wing of the NRB has requested Power Division to declare the current electricity tariff plus 5% VAT as supply price following enforcement of the new VAT law from July 01 next.

Forty one bankers from the country’s 17 commercial banks participated in the ICC Austria Global Trade Finance Week held recently in Vienna, Austria.

The banking sector's capital base expanded 0.80 percent in the first quarter of 2017 compared to the last quarter, but nine banks failed to maintain the minimum capital.

Excel Dyeing and Printing, which only last week bought over 3.20 crore shares of Islami Bank worth nearly Tk 105 crore, yesterday announced its intent to sell 96.60 lakh shares out of its total holding of over 6.43 crore shares of the bank.

The agreement was signed by ADB Regional Director for the Pacific Robert Jauncey, and HFC Bank's Deputy Chairman Vilash Chand, reports Xinhua.

Dhaka Bank Limited and Meghna Life Insurance Company Limited have signed an agreement on cash management services in the city recently.

Two more state-owned commercial banks (SoCBs) were included in the list of banks facing capital shortfall in the first quarter (Q1) of this calendar year.

A section of officials of Agrani Bank have alleged that they have been deprived of promotion for long.

Md Tabarak Hossain Bhuiyan, Managing Director of Prime Bank Investment Limited,

Syed Shakeel Ahmed, Managing Director, Hyundai Motors Bangladesh Ltd. and Makam E Mahmud Billah,