The High Court yesterday restricted functions of 11 directors of Social Islami Bank Ltd (SIBL) for allegedly holding the offices for 16 years defying the law. In response to a writ petition, the court also issued a rule upon the Bangladesh Bank to explain in three weeks why it should not be di...

The central bank suggested the government should take special credit from oil exporting countries to buy fuel to reduce mounting pressure on the country's foreign exchange, a top official said yesterday. “We've already conveyed the message to the government for the special credit for Banglades...

United Commercial Bank Ltd (UCB) continued to achieve significant growth in the 'core banking businesses' in the calendar year ended December 31, 2011. The bank's profit from 'core banking' registered a 34 per cent rise during the period. "Despite some odds in the internal and external econ...

Bangladesh Jute Association (BJA) Sunday demanded a moratorium for 10 years on bank interest of raw jute exporters. The amount is now worth above Tk 1.0 billion due to sluggish export performance of raw jute. The interest has accumulated with banks over a period of one decade. The BJA leaders ...

AB Bank Limited organised a day-long workshop titled ‘Overview and Impact of Financial Stability Report 2010’ prepared by Bangladesh Bank (BB) in the city recently. Executive director of BB S K Sur Chowdhury presented keynote speech at the function says a press release.

Bank Asia Limited recently organised a two-day workshop for improving professional efficiency and retail banking skills of its staff in the city. President and managing director of the bank Md. Mehmood Husain formally inaugurated the workshop, says a press release. The bank’s senior executive ...

The Asian Development Bank (ADB) will place a set of recommendations on demutualisation of Dhaka Stock Exchange (DSE) to the government next month. The ADB also expressed interest to extend its support to DSE for the development of the stock market, Thevakumar Kandiah, country director of ADB,...

RAJSHAHI: Rajshahi Krishi Unnayan Bank (RAKUB) is going to make its 77 branches computerised during the current 2011-12 fiscal aimed at bringing more dynamism in service delivery activities. The RAKUB authority revealed this while addressing a daylong software orientation for 18 zonal managers...

Banks and the government should do more for small and medium enterprises (SMEs), an economic lifeline for the country, a top banker said. "SMEs are at the heart of the economy. The more the SMEs will perform, the better the country will perform. Even in developed countries, the focus is on SME...

The Asian Development Bank (ADB) will put forward a set of recommendations on the demutualisation of the stock exchanges to the government by next month to help the government and the bourses take decision on the demutua-lisation process. “We are looking at the demutua-lisation of the Dhaka St...