Bangladesh Bank (BB) yesterday refused to extend the deadline for non-bank financial institutions (NBFIs) to raise their capital base to a minimum of Tk 100 crore.

Earnings by the tax administrator grew by 19.24 percent in the first 10 months of current fiscal year compared to the same period last year, thanks to a strong drive for tax mobilisation from domestic sources.

Banking sector in Bangladesh is undergoing a challenging phase due to a liquidity shortage, following a massive capital outflow that resulted in a stock market crash early last year and restricted the banking sector’s ability to finance large projects, according to a report of gulfnews.com, a web...

Jamuna Bank Limited declared 23 percent bonus dividend to its shareholders for the year 2011.

The long-coveted deal to install the Shiddhirganj 335-MW combined cycle power plant project was signed on Monday, eying on narrowing the mounting demand-supply gap of power.

The National Board of Revenue (NBR) will upgrade the UNCTAD software by September next year to make the system more robust against underinvoicing in external trade, NBR officials said.

A group of retail investors staged protests in front of the Dhaka Stock Exchange, urging the Securities and Exchange Commission to intervene in the market for the sake of stability.They demonstrated for the 12th time this year, protesting an unusual fall in share prices.

Qatar has proposed to invest its currency worth of $1.8 billion in the Bangladesh Bank.The central bank will share profits with the Gulf nation from investing the fund abroad, a high official said.

UCB Securities Ltd and Mrs. Shoma Alam Rahman & Ahsan Imam have entered into an agreement to transfer entire shares of Mrs Shoma Alam & Mr. Ahsan Imam of Maryellen Capital Management Ltd. to UCB Securities Ltd and its parent company.

The unaudited operating profit of the country's private commercial banks (PCBs) showed a mixed trend in the first quarter (Q1) this year.Four major PCBs, having a larger market share, in terms of both deposits and credits, showed a lower rate of growth in their operating profits in Q1 of 2012 ove...