The role of the Bangladesh Bank (BB) has become highly challenging in the changed circumstances after the global economic-meltdown, its' governor Dr Atiur Rahman said on Sunday. He said a persistent unstability in the global economy has created additional pressure on the central banks to determin...

BRAC Bank aims to adopt all global standards in terms of services and product delivery. At the same time the bank wants to be a flag bearer of the country. "We all are working hard to fulfill the ambition. We want to be a bank for all Bangladeshis,” said Syed Mahbubur Rahman, the chief executive ...

Md Motior Rahman has recently been re-appointed as managing director of Jamuna Bank Ltd. Rahman joined the bank in 2005 as deputy managing director and was appointed as managing director in 2009. Before joining Jamuna Bank, he was the senior executive vice president and head of credit of Prime Ba...

Premier Bank Limited has opened its new branch at Ashkona in the city recently. Abu Haniff Khan, additional managing director of the bank, inaugurated the new branch during a function at its premises on Thursday, said a press release.

The Central Depository Bangladesh Limited (CDBL) has discarded 488,000 beneficiary owners (BO) accounts as the account holders did not pay the annual maintenance fees within the stipulated time. The deadline for paying maintenance fees expired on June 30 this year as per the direction of the Secu...

Most private banks clocked up significant growth in profit in the six months to June despite a fall in contributions from the stockmarket although they claimed a liquidity crisis over the period. Data from 23 private commercial banks shows that 16 of them logged profit growth ranging between 8 pe...

Palashbari branch of Sonali Bank Limited has achieved the top position in realizing classified loan among its branches in the district during the last fiscal year.

BRAC Bank will introduce mobile banking service using cell phone as a tool to extend its services to the doors of the people. The bank authority has unveiled the initiative at a press conference on the occasion of the bank’s 10th founding anniversary at Dhaka Reporters Unity yesterday, said a pre...

Food inflation is likely to come down to below 10 per cent during the first quarter of the current fiscal year, a top Bangladesh Bank (BB) official said on Thursday. Referring to the BB statistics, the official said that on a point-to-point basis, inflation declined to 10.20 per cent in May from ...

Banks now have to maintain a higher capital -- at 10 percent of their risk-weighted assets -- from July 1 in line with a directive that came as a Basel II requirement. Risk-weighted capital asset ratio (RWCAR), which is an important cushion to protect depositors or other lenders against unexpecte...