The companies, supplying different types of products including ATM cards to the banks, are allegedly being forced to open accounts at some respective banks for getting their payments.

Bank Asia and Hajj Agencies Association of Bangladesh (Haab) on Monday signed a memorandum of understanding (MoU) on receiving Hajj fees from Haab and its members and help them with withdrawal of the deposited money from the Kingdom of Saudi Arabia for making payment of house rent and other appro...

Sayeed H. Chowdhury has been elected Chairman of ONE Bank Limited for one-year term during a meeting of its Board of Directors recently.

Coming up with a detailed explanation of allowing new banks, Bangladesh Bank (BB) yesterday said entry of the new banks would heighten the quality of financial services by increasing competition in the banking sector.

The introduction of e-tender at Bangladesh Bank enables bidders to take part in the bidding freely in a process that eliminated domination of muscle power and shortened the procurement cycle.

A major global banking group said Monday that excessive spending cuts across the euro area are dragging the region's economy down and called for more spending by countries like Germany.

Country's non-banking financial institutions (NBFIs) have put a thrust on streamlining the 'funding source' to cope with the rising competition in the deposit mobilization drive of the commercial banks and FIs.

Cellphone operators, banks and multinational companies imported software worth Tk 25 billion (Tk 2500 crore) in the last three years, putting further pressure on balance of payment, while undermining local firms' capacity. Local software exporters smell a rat behind the rising growth of software...

The central bank has approved six more private commercial banks (PCBs), aiming to help strengthen the ongoing financial inclusion programmes through bringing unbanked people under the banking network, Bangladesh Bank (BB) officials said.

The High Court (HC) Sunday issued a rule upon the government to explain as to why the Securities and Exchange Commission's order--- asking directors to hold minimum 2 per cent stakes in their own firms listed with stock exchanges---should not be declared illegal.