The central bank has moved to pursue banks to cut the interest rate for 270 sick garment companies to 8 percent from as high as 15 percent, an official said yesterday. Of the 8 percent interest rate, 5 percent will be paid by owners and the rest will be subsidised by the government, said Jahangir...

BRAC Bank has introduced a local currency 'range-forward contract', the first in Bangladesh, to safeguard companies against fluctuation risks of the dollar-taka exchange rate.

Bangladesh Bank Governor Dr Atiur Rahman on Saturday asked all central bank branches across the country to set up ‘Help Desk’ for better service to the people. He also requested all commercial banks of the country irrespective of local and foreign to set up such ‘Help Desk’ in their branches. Th...

Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed Taka 1010.42 crore as loan for boosting rural economy as well as create employment through enhancing agricultural and non-agricultural production everywhere in the country’s 16 northwest districts during the last 2010-11 fiscal. Side by side with...

Eastern Bank Ltd has launched EBL Visa Signature Credit Card in Bangladesh. Ali Reza Iftekhar, managing director and CEO of the bank launched the card at press conference, organised at a city hotel on Friday, says a press release.

A new branch of Prime Bank Limited was launched in the district, on Saturday. Deputy Commissioner, Md Siraj Uddin Ahmed, as chief guest, inaugurated the 96th branch of the bank at a ceremony in Jamalpur town , says a press release. Managing Director, Prime Bank Limited, M. Ehsanul Haque, presi...

BRAC is playing a complementary role with the government in attaining millennium development goals for Bangladesh, said Mahabub Hossain, executive director of the development organisation.

Mutual Trust Bank (MTB) limited has signed two agreements with Grameenphone for trading of government securities and on collection of bills at MTB centre in Dhaka recently.

City Bank Ltd. introduced MasterCard Platinum International Debit Card, a first dual currency Debit Card in the country on July 5, says a press release. City Bank DMD and chief communication officer Mashrur Arefin and Platinum Suites Head of Corporate affairs Mohammad Ali Tinku has signed a memor...

It seems to be an Eid holiday in the capital city as most shops are closed, vehicles are limited and very few commuters are seen. The scenario depicts a Dhaka city during the 48-hour countrywide hartal programme enforced by the main opposition BNP.