The Bangladesh Bank (BB) Monday turned down banks' appeal for extension of timeframe regarding loan classification, provisioning and rescheduling.

Mercantile Bank Limited (MBL) recently opened its 77th branch at Kornophuli Complex on Sadar Road in Bhola.

Prime Bank Limited signed an agreement with CIMB Islamic Bank of Malaysia. Badlisyah Abdul Ghani, CEO of CIMB Islamic Bank of Malaysia and Md. Ehsan Khasru, CEO of Prime Bank Limited attended the ceremony at CIMB Bank Head Office in Kualalumpur recently.

State-run Sonali Bank has proposed the National Board of Revenue (NBR) for exempting it from income tax on a Tk 65.74 billion amortised amount that can be treated as allowable expenses.

Dhaka stocks fell by 4.15 percent yesterday as investors reacted to the news of the World Bank withdrawing its loans for the Padma bridge project. The benchmark General Index, DGEN, market tracking index of Dhaka Stock Exchange, fell by 190.13 points to close the day at 4,382.74 points.

Korean-American physician Jim Yong Kim took over as the new World Bank chief Monday, immediately challenged to ensure the eurozone crisis does not set back global poverty-fighting efforts.

Standard Chartered has launched an international advertising campaign over TV, print, outdoor and digital media to reinforce their commitment to a positive impact on the communities where they operate, the bank said in a statement yesterday.

Prime Bank Limited is now a strategic partner to render remittance service through CIMB Islamic money transfer from CIMB Bank’s global operations, says a press release. This is a milestone in Prime Bank’s effort in increasing remittance in the country from NRBs working in different countries.

Dutch-Bangla Bank Limited (DBBL) signed an agreement with Airtel on payment of Airtel mobile bills using DBBL ATMs, Internet Banking and e-payment Gateway.

The following is the speech that Bangladesh Bank Governor Dr. Atiur Rahman delivered at “Redefining Central Banking: Financial Stability, Early Intervention and Crisis Preparedness” in Ontario, Canada on June 27: