Commercial Bank of Ceylon Ltd will create a scholarship fund for 30 poor but meritorious students of the city’s Notre Dame College as part of its corporate social responsibility (CSR).

Jamuna Bank Limited (JBL) has opened its 71st branch at London Plaza, Ashuganj West Bazaar of Ashuganj, in Brahmanbaria recently. Md Belal Hossain, chairman of the bank inaugurated the branch as chief guest and Al-Haj Nur Mohammed, chairman of the JB Foundation was present as the special guest...

MUMBAI: India’s central bank on Friday kept interest rates on hold as expected and raised the possibility of future cuts, as the country fights an economic slowdown, a weakening rupee and high inflation. The Reserve Bank of India cheered business leaders and economists by making no changes to ...

Standard and Poor’s downgraded Thursday the credit rating of 10 Spanish banks after applying new criteria, and warned it may lower their short-term scores further. The 10 banks had their ratings lowered and remained in “creditwatch with negative implications”, indicating the risk of a further ...

International Monetary Fund has expressed concern over the increase in government borrowing from the banking system. The IMF suggested policy actions on both the macroeconomic and structural fronts in light of a recent weakening in the global economic environment and rapid rise in oil imports and...

The City Bank introduced ‘City Home Loan’ on Thursday at a press conference at a city hotel that was also attended by representatives of the country’s top real estate developers. Under the loan scheme, a customer would be able to avail City Home Loan up to Tk 1 crore, the bank’s top official sai...

The South and South West Asia (SSWA) region that suffered growth slowdown in 2008-2009 needs appropriate strategies, both internal and external, to effectively cope with the fresh threat to the recovery, said Bangladesh Bank governor. Dr Atiur Rahman was addressing a high-level sub-regional po...

Alhaj Md Harun-or-Rashid Khan, member of the Executive Committee of Al-Arafah Islami Bank Limited, is seen inaugurating the 85th branch of the bank at Natun Bazar at Baridhara in the city on Thursday. Alhaj AZM Shamsul Alam, founding chairman of the bank, director Alhaj Abdul Malek Mollah, managi...

National Bank Limited (NBL) has recently opened its 150th branch at Keraniganj in Dhaka. Neaz Ahmed, managing director of the bank formally inaugurated the branch as chief guest, said a press release. AKM Shafiqur Rahman, deputy managing director and company secretary of the bank presided over...

The Ministry of Finance (MoF) has decided to issue Special Treasury Bond worth Tk 57.32 billion to three state-owned commercial banks (SCBs) -- Sonali, Janata and Agrani -- to clear off the outstanding amount of loans of Bangladesh Petroleum Corporation (BPC) that it owes to the SCBs for importin...