Bank Asia has signed an online payment gateway service agreement with Canada-based AlertPay, a press release said. Through this deal, Bank Asia became the first bank in Bangladesh to establish business through Online Payment Gateway Service Providers (OPGSP) to provide service to the indivudual ...

The managing director of Shahjalal Islami Bank, Abdur Rahman Sharker has observed that despite global economic recession, poor infrastructure and volatile capital market, the banking sector of Bangladesh has been performing well. In an exclusive interview with the Independent, he however, pointe...

Banks in Bangladesh passed a critical year, surfing through an anti-business climate both at home and abroad in 2011. Amid challenges, the banking industry witnessed a major change -- deregulation in some major areas including the interest rate and exchange rate, in the outgoing year. Soari...

Eurozone banks deposited a record amount of overnight funds at the European Central Bank on Monday, official data showed Tuesday as banks remain extremely wary of lending to each other. Banks put 411.8 billion euros ($535 billion) on deposit for 24 hours at the European Central Bank, beating th...

RAKUB organised the cabinet meeting on Monday. The cabinet has approved a subsidiary company of RAKUB entitled ‘RAKUB SME Financing Company Limited’ with a proposed capital of taka 5,000 million( 500 crore) with a paid up capital of taka 350 million, says a press release.

BASIC Bank Limited opened its 44th branch at Pahartali in Chittagong yesterday. Sheikh Abdul Hai Bachchu, former lawmaker and chairman of BASIC Bank, inaugurated the branch, said a press release.

The country fetched total US$ 877.21 million remittance in the last three weeks of the current month. Islami Bank Bangladesh Ltd (IBBL), a private commercial bank, channelled US$ 210.05 million, the highest amount in the said period while the inflow of foreign exchange through four state-owned...

Bangladesh Bank (BB) releases two commemorative silver coins and a note marking the 40th victory anniversary of Bangladesh and 90 years of the poem ‘Bidrohi’ of National Poet Kazi Nazrul Islam on Monday. BB governor Dr Atiur Rahman will formally release the coins and note at a function to be held...

Speakers at a daylong workshop have asked the branch level bankers to put in their best efforts to resist money laundering and finance towards tourism for the sake of freeing the nation from various social crimes. Terming the border-belt Rajshahi and Chapainawabganj as the crime-prone districts t...

Banks' exposure to the stockmarket came down within the safe limit at the end of the year, but their total investment still runs into more than Tk 15,000 crore. The exposure of banks to stocks has been around 4 percent of their liabilities as of November 30, according to statistics from Bangla...