The government allocations for the social safety net programmes (SSNPs), a vital instrument to reach out the hardcore poor, may go down in the proposed budget for the next fiscal year in terms of the budget and the GDP.

The central bank yesterday warned 16 banks against a rise in their classified loans in recent months and asked them to bring down the amount immediately.

Microfinance institutions (MFIs) should not be dependent on an individual to function properly. These should rather create strong institutional structures and succession plans to carry out activities without their founders or leaders.

Bangladesh Bank Governor Atiur Rahman has recently been awarded with the prestigious World No-Tobacco Day Award 2012 by the World Health Organisation in recognition of his significant contribution towards anti-tobacco movements in Bangladesh.

The executive committee of Shahjalal Islami Bank Limited held its 485th meeting at the head office of the bank Monday.

Islami Bank Bangladesh Ltd has opened its 268th branch at Sapahar upazila in Naogaon.

Mutual Trust Bank Limited declared 12 percent cash dividend to its shareholders for the year 2011.The announcement came at the 13th Annual General Meeting (AGM) of the bank held at the Bashundhara Convention Centre in Dhaka, said a press release Monday.

Dutch-Bangla Bank Limited singed an agreement with Noman Group of Industries on mobile banking services at the bank's head office in Dhaka.

Seven women entrepreneurs and two journalists have been conferred with the BWCCI-EBL Progres- sive Award 2011-12 in recognition of their contributions to women entrepreneurship.

Bangladesh Bank has not extended deadline for raising paid-up capital of Non-Banking Financial Institutions (NBFIs) to Tk 1 billion, hence they must fulfill the condition by June 30.