The banking division of the finance ministry has rejected the Bangladesh Bank (BB) recommendations on non-banking financial institutions (NBFIs) in the proposed act alleging that the central bank has not taken opinion from the stockholders.

Bangladesh Bank is set to release banknotes of five denominations with the portrait of Bangabandhu Sheikh Mujibur Rahman on Thursday. The notes of Tk 2, Tk 5, Tk 100, Tk 500 and Tk 1,000 will be issued initially from the central bank's Motijheel office counter in Dhaka, the regulator said in a st...

The Securities and Exchange Commission (SEC) on Tuesday approved the IPO prospectus of AB Bank First Mutual Fund to raise Tk 1.5 billion. This is a closed-ended mutual fund with 10 years life time.

National Credit and Commerce Bank Limited (NCC Bank) recently signed a deal with Ansar-VDP Unnayan Bank for smooth delivery of inward foreign remittance to the country. Under the deal, the two banks will work jointly to provide secured and quick delivery of remittance to the doorstep of customers...

Bangladesh Development Bank Limited (BDBL) handed over Tk 50 million to the government as dividend from its profit earned during 2010. BDBL chairman Nazem Ahmed Chowdhury handed over a cheque of Tk 50 million to Finance Minister AMA Muhith at a function at the latter’s secretariat yesterday.

Pubali Bank Limited (PBL) introduced Islamic banking services at its principal, stadium branches in Sylhet branch on the basis of Islamic Shariah. The 5th meeting of Pubali Bank’s Shariah Supervisory Committee held at the bank’s board room yesterday reviewed the overall position of the Islamic Ba...

Bangladesh Bank has taken initiative to amend some sections of Islamic bond rules in a bid to make it more attractive. BB officials, chaired by executive director SK Sur Chowdhury, yesterday sat with the CEOs of the Islamic banks at the BB headquarters to obtain opinions from them, said BB sourc...

Bank Asia has recently awarded scholarships to 20 graduate nursing students of Bangabandhu Sheikh Mujib Medical University (BSMMU) as a part of its corporate social responsibility. Under the scholarship programme, each of the students will get Tk 2200 per month from the bank, said a press release.

National Bank Ltd. (NBL) held its half-yearly Managers’ Conference-2011 at Ruposi Bangla Hotel in the city recently. Zainul Haque Sikder, director and chairman of the board of directors of NBL, presided over the meeting, said a press release.

Economists yesterday said the central bank might not achieve its monetary policy targets for the current fiscal year due to the government's bank borrowing and politicised boards of state banks.