The Reserve Bank on Thursday said companies incorporated in China, Pakistan, Bangladesh, Sri Lanka, Iran and Afghanistan will have to seek its permission to set up branch or liaison offices in India as general permission granted to entities of other nations will not apply to them. “It is clarifie...

City Bank has recently appointed Badrudduza Choudhury and Sheikh Mohammad Maroof as its deputy managing directors, the bank said in a statement yesterday. Choudhury started his career with IFIC Bank as a probationary officer in 1984. He joined City Bank in 2002 and worked as head of credit.

A contract to create a common platform for the country's commercial banks for electronic payments was signed at the premises of Bangladesh Bank recently. The deal will implement the National Payment Switch (NPS) under the Central Bank Strengthening Project of the World Bank.

The central bank yesterday came down heavily on foreign banks having operations in Bangladesh for a high interest rate spread, which is depriving both depositors and borrowers. Bangladesh Bank (BB) asked all commercial banks, including foreign banks, to keep the interest rate spread at 5 perce...

Bangladesh Bank (BB) yesterday said the major economic indicators of the country have started improving while the government’s borrowing from the banking sector also marked a fall in recent times. Top officials of the central bank came up with the observations during a meeting with the chief e...

The board of directors of National Bank Limited (NBL) has recommended 65 per cent stock dividend for the year 2011. The Company also reported earning per share (EPS) of Tk 7.07, net asset value (NAV) per share of Tk 25.02 and net operating cash flow per share (NOCFPS) of Tk 8.88 for the year.

Broad Band Telecom Services Limited (BBTS), a joint venture of the Ispahani Group, will set up optical fibre network to connect Trust Bank Limited head office with its all branches across the country.

Bangladesh Bank has directed ocean-going ship importers to collect no objection certificates from the ship building and ship recycling board (SBSRB) of Industries Ministry instead of from the department ocean transport for opening LC (letter of credit) for ship imports.

Bangladesh Bank sits with the managing directors (MDs) of all the banks operating in the country on Thursday to discuss the overall situation of the banking sector. The meeting will start at 11am at the BB conference room with governor Dr Atiur Rahman in the chair, BB general manager AFM Asaduzza...

Social Islami Bank Limited (SIBL) Training Institute handed over certificates to the participants of ‘Foundation Course in Banking’.