Policy approach, FY11 outcome, outlook for FY12 1. Policy approach: Besides employing policy interest rate (repo, reverse repo rate) interventions to influence real sector price levels via financial sector prices, 88's monetary policies seek to influence real sector prices also via quantity the...

BRAC Bank has launched a special credit card for online foreign exchange payment for specific business purposes such as domain purchase, server hosting and software licence purchase for IT businesspeople.

National Credit and Commerce Bank Limited (NCC Bank) collected deposit of Tk 76.51 billion during the first six months of the current fiscal year, which is 13 per cent more than that of the corresponding period of the previous fiscal.

Bangladesh Bank has directed all scheduled banks to open complaint cells in their zonal offices by a month. The financial and banking sector regulator yesterday issued a circular to that effect saying that the cells would be like those currently prevailing at the banks’ head offices

Bangladesh Bank (BB) will announce the monetary policy today (Wednesday) for setting its half-yearly strategy for controlling the cost and supply of money and credit. Governor of Bangladesh Bank, Dr Atiur Rahman will announce the monetary policy for the first half of the current 2011-12 fiscal ye...

Sandeep Bahl, managing director, Head of Financial Market Sales (South Asia) of Standard Chartered Bank (SCB) arrived in Dhaka yesterday. He is scheduled to meet senior officials of the bank, key clients and regulators, said a press release.

The 34th annual general meeting of IFIC Bank, a private sector commercial bank of the country, was held at the Bashundhara Convention Centre, in the city, recently. Renowned industrialist and chairman of the IFIC Bank, Salman F Rahman was presided over the AGM while other directors of the bank we...

The finance minister yesterday backed the government's decision to give licences to new private banks, saying more banks will intensify competition in the industry which is yet to reach all the unbanked. “We've sought comments from the Bangladesh Bank as the government wants to issue new licences...

Agrani Bank, which has antique gold coins worth over Tk. 100 crore in unclaimed lockers, is not keen on handing over the assets to the central bank, sources said. In a recent letter, Bangladesh Bank (BB) has asked all state-owned commercial banks, including Agrani Bank, to hand over gold coins a...

The central bank has issued directives to the non-bank financial institutions (NBFIs) to raise their paid-up capital to Tk 100 crore with immediate effect. Bangladesh Bank (BB) has served a circular to all the NBFIs in this regard on Sunday.