Bangladesh 2 taka note was ranked 1st among the most beautiful bank notes worldwide, according to a poll at Russian online entertainment outlet. São Tome and Principe’s 50 thous. dobra note became the runner-up followed by 1 Bahamian dollar and 5 Bahraini dinars.

Islami Bank angladesh Limited has launched a new deposit scheme for school student titled “Mudaraba school student savings scheme” with the slogan of “Write, read and make savings”, says a press release. This scheme was launched to promote the habit of savings and planned expenditure among school...

Eastern Bank Ltd (EBL) has launched a new lending product titled ‘EBL Nobodoy’ to finance the emerging agro-based industries of the country. Dr. Atiur Rahman, governor Bangladesh Bank, launched the ‘EBL Nobodoy’ at Cox’s Bazar on Friday, says a press release. Ali Reza Iftekhar, managing director...

The risk assets of five state-owned banks remained at an alarming stage in the first nine months of 2011 calendar year because of weak recovery of their default loans and high borrowings from the call money market. Owing to the causes, asset earnings of the state-owned banks were bellow the ex...

The central bank has tightened money supply to discourage imports and reduce mounting pressure on forex reserves, Governor Atiur Rahman said yesterday. “Tightening money supply was the only tool left with me,” Rahman told The Daily Star in an interview. He said there is no need to flood the...

The central bank has introduced a compliant cell for bank clients for quick actions against any lapses in service by any official or employees of any bank branch. All the banks will go under supervision of the complaint cell on its formal inauguration on January 19, according to Bangladesh Bank ...

The central bank yesterday increased its policy rates by around 50 basis points at the beginning of New Year when non-food inflation has been rising alarmingly. Food inflation always increases more than the non-food inflation. But in December, non-food inflation crossed food inflation for the ...

The World Bank (WB) Wednesday lauded the government’s prioritised initiatives to build up a strong and effective regulatory and supervisory system for Bangladesh’s banking sector through automation. The praise came in a WB statement headlined “Automation of Bangladesh Bank (BB) to achieve excell...

The Asian Development Bank (ADB) will provide $300 million loan to replace old units at Ashuganj power plant and set up 12.5 megawatt renewable energy plants across the country. An agreement in this regard was signed with ADB to address the nagging power crisis as well as efficient use of gas in...

State-owned Agrani Bank Ltd will bring 450 branches, out of a total 877 branches, under online banking system by June 2012 with a view to providing better delivery of financial services to its clients, the bank’s managing director said on Monday. In an exclusive interview with The Independ...