MA Halim Chowdhury has recently been appointed additional managing director of Pubali Bank on contract basis, the bank said in a statement yesterday. Prior to this appointment, Chowdhury was the deputy managing director of the bank. He joined the bank in 1988 as principal officer.

National Credit and Commerce (NCC) Bank Ltd opened two ATM booths in the city’s Pragati Sarani area and Narayangonj town on Wednesday to provide enhanced banking services to its customers.

Bangladesh Bank has directed public banks to immediately open accounts for people enjoying benefits under social security programmes run by the social welfare directorate.

Exporters for single digit bank rates, source tax cutHigh rates is a major impediment to investment in the country: Murshedy→ staff correspondent Exporters Association of Bangladesh (EAB) president Abdus Salam Murshedy yesterday urged the government to bring down bank interest rate to single d...

Bangladesh Bank has introduced the full-pledged treasury functions at its Barisal branch on Sunday, 20 years after opening the branch. Bangladesh Bank Governor Dr. Atiur Rahman, through a tele-conference, inaugurated the treasury functions during a special ceremony held at the local branch in the...

Bangladesh Bank (BB) was elected as vice chairman of Asia-Pacific Regional Agricultural Credit Association (APRACA) for the tenure of 2012-2014. According to organisation's rule, the BB would takeover the charge of chair of APRACA for the regime of 2014-16 after completion of the 2012-2014 tenure...

The US dollar rallied this week, mainly driven by risk-aversion investments at a time when eurozone countries were mired in a deadlock over solutions to the worsening Greek debt crisis.

Eastern Bank Ltd (EBL) signed a short term rollover loan agreement with International Finance Corporation (IFC), World Bank Group. Mr. Ali Reza Iftekhar, Managing Director & CEO of Eastern Bank Ltd and Mr. Kyle F. Kelhofer, Country Manager of IFC signed the agreement on June 14, 2011 for the resp...

The central bank has initiated a move to reduce the influence of individual families on banks' boards, a senior Bangladesh Bank (BB) official said. "We are considering necessary amendment to the Banking Companies Act, 1991 so that more than two members of a family cannot be on the board of direct...

Every mobile phone can be a branch of a bank, taking financial services to the country's un-banked low-income people anywhere anytime, speakers said yesterday. They said both the mobile operators and banks should develop mutual trust to run mobile banking in the country, as the service is perform...