India took a handful of measures on Monday to support the embattled rupee but disappointed investors who had been hoping for bolder action to prop up a currency that hit a record low on Friday.

The government has prepared a roadmap to prevent money laundering and terrorism financing for a period up to 2013 with a provision of imposing restriction on cash transactions for some selected sectors.

A branch of BASIC Bank Limited located at Pahartali organized a programme called ‘School Banking Campaign’ at its own premises on Saturday. Mohammad Mozammel Hossain noted banker and General Manager of Agrabad Corporate Branch of the bank attended the programme as the chief guest while Assistant ...

The $175 billion pledge made by the Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) was one of the largest financial commitments coming out of Rio+20, it was announced on Friday at the UN Secretary General's closing press conference, a press release of ADB said.

United Commercial Bank Limited (UCBL) opened its 120th branch at Dhanmondi in Dhaka Sunday.

Islami Bank Bangladesh Limited has opened its 272nd branch at Charfashion in Bhola.

Al-Arafah Islami Bank Limited opened its 92nd branch at Ruhitpur Bazar of Keranigonj area in Dhaka Sunday. Hafez Alhajj Md Enayet Ullah, Director of the bank, inaugurated the branch as the chief guest, said a press release.

Industries Minister Dilip Barua said on Sunday that the banking sector has been playing an important role in graduating Bangladesh into a middle income country.

Banks and their directors are grappling to comply with two regulatory decisions. The central bank has recently tightened loan rescheduling and provisioning rules, while the stock market regulator has won a High Court backing to force directors to hold 2 percent shares individually.

The government will bring a number of changes to the tax proposals in the budget for the next fiscal year, taking into account the low-income people and the problem-ridden export sector.