Stocks continued to gain for a third day, with the highest turnover since July 31 last year, as institutional and small investors are injecting fresh funds into the market amid optimism. Turnover rose 26.7 percent to Tk 1,079 crore from the previous day.

The high value cheque clearing has doubled and the duration of clearing time has reduced significantly maximising speedy payments as Bangladesh Bank is clearing high value cheques and regular value cheques with an automated cheque processing system, officials said.

Some 51 corrupt officials of 13 private banks have misappropriated Tk. 29.67 crore over the last 15 years, according to a document obtained by The Independent from the Bangladesh Bank (BB). Of the total amount, banks’ stake is Tk. 19.52 crore, Tk. 6.34 crore of the government and Tk. 3.63 crore o...

Islami Bank Bangladesh Limited (IBBL) has organised a discussion meeting with the professionals of the country at its local office premises recently.

Sonali Bank Limited, one of the country's largest commercial bank, recently disbursed micro-credit worth Tk 4 million among 100 poor people at Rajoir Upazila in Madaripur.

Alliance Capital Asset Management Limited (ACAML), asset manager of MTB Unit Fund, held training sessions for the sales agents of the fund in the city yesterday.

National Credit and Commerce Bank Limited (NCCBL) has approved 10 percent cash and 17 percent stock dividends for its shareholders for the year 2011.

The central bank will stop old and new notes exchange service from its counters from the next month.

Standard Chartered Bank plans to disburse Tk 957 crore in 2012 for the fast growing small and medium enterprises in Bangladesh, said a top official of the bank yesterday. The bank disbursed around Tk 1,000 crore in the SME segment in the last two years, said Hassan O Rashid, general manager for ...

Emerging Asian economies will experience flat growth this year before recovering in 2013, the Asian Development Bank (ADB) said in a regional report released Wednesday.