Bangladesh Bank governor Dr Atiur Rahman said the removal of professor Muhammad Yunus as the chief executive of Grameen Bank (GB) won't affect the microfinance pioneer bank as the government has launched a head-hunt for a competent new CEO. "The government is in the process of appointing a capabl...

Renowned banker M Fariduddin Ahmed has joined Exim Bank as the managing director. Prior to his new assignment, he was the head of Islamic Banking Division of AB Bank Ltd. Ahmed started his banking career in Sonali Bank.

Bangladesh Bank (BB) has injected fresh fund into the money market to meet an extra demand ahead of Eid as well as helping ease the heated call money market. The inter-bank call money rate was stable on Wednesday despite of withdrawing pressure of cash from the banks ahead of the Eid-ul-Fitr fest...

The inter-bank call money rate on Thursday, the last working day of the week, hit 25 percent as the cash withdrawal took place in larger amounts from various banks ahead of the biggest religious festival Eid-Ul-Fitr. Although the central bank fixed the rate for the day at 20 percent early on Thur...

Ershad Hossain has recently joined City Bank Capital Resources Ltd, a fully owned subsidiary of the City Bank, as managing director. Prior to joining City Bank Capital Resources, Hossain was the investment advisor to Equity Derivatives of Hong Leong Bank in Singapore.

HSBC Amanah, the Shariah compliant banking service from the world’s leading international bank, has organised a “Joy of Giving” campaign during this Ramadan. The campaign included collecting books, toys, clothes and other non-cash gift items for underprivileged children through special “Boxes of...

Eastern Bank Ltd (EBL) opened a new branch having all modern banking facilities at Dohar in the city yesterday. Advocate Abdul Mannan Khan, state minister for housing and public works, inaugurated the new branch, said a press release.

National Bank Limited (NBL) organised a workshop on ‘Prevention of Money Laundering and Combating Financing of Terrorism’ at its training institute premises in the city recently. Neaz Ahmed, managing director and CEO of the bank was present at the workshop as chief guest, said a press release. De...

Islami Bank Bangladesh Limited organised a seminar on “Economic Life of Momen in the Light of Quran: Basis of Islami Banking.” in Chittagong recently. The bank also hosted an iftar party at a local hotel, said a press release.

ATM booths of the troubled Dutch-Bangla Bank Limited (DBBL) across the country are functioning again after nearly two days of shutdown because of technical malfunctioning. “The service resumed from Friday night,” DBBL public relations officer Shahjada Basunia told to the news agency on Saturday.