The upcoming Ramadan will see two to four times more imports of rice, sugar and cooking oil, compared to last year, which will help contain the price spirals of essentials during the fasting month, according to a Bangladesh Bank (BB) statement issued yesterday.

A Memorandum of Under-standing (MoU) was signed here yesterday among Local Government Division(LGD), UNDP supported Access to Information (A2I) Programme of the Prime Minister’s Office and Dutch-Bangla Bank Limited for introducing mobile banking to reach banking services to the rural people.

Xiaoyu Zhao, Vice-President (Operations 1) of the Asian Development Bank (ADB) arrived in Dhaka on Sunday for a one-day official visit. The Vice-President is accompanied by S. Hafeez Rahman, Director General of ADB’s South Asia Department.

Finance Minister Abul Maal Abdul Muhith yesterday said the operations of the Grameen Bank would continue as the pioneering micro lending agency is a matter of “Bangladesh’s pride”. “Grameen Bank is a matter of pride of Bangladesh and therefore its activities will go on in normal course,” a financ...

Standard Chartered Bank recently has introduced a ‘Value Packs Bundle Offer’ to offer a bundle of compelling value propositions for the customers. The bundle offer includes home loan, employee banking facility, easy banking value pack, personal loan and auto loan value pack, said a press release...

Mohammad Aminul Haque has recently been elected chairman of Prime Bank at the bank's 363rd meeting in Dhaka. The Board of Directors of the bank also elected MA Khaleque and Mafiz Ahmed Bhuiyan as vice-chairmen. All of them were sponsor directors of the bank.

Bangladesh Bank (BB) governor Dr. Atiur Rahman on Saturday said Banking Payment Systems Act would be formed soon. “BB has already drafted a Payment Systems Act which will be sent shortly to the Finance Ministry for enactment,” Dr. Atiur said. He further said BB had taken initiative to streamline ...

The Board of Directors of Prime Bank Limited at its 363rd meeting held on May 30 unanimously elected Mohammad Aminul Haque as the chairman of the board of directors of Prime Bank Limited for the next term of two years effective from June 1, 2011 to May 31, 2013; while M A Khaleque and Mafiz Ahmed...

Pubali Bank Limited recently shifted its Patia Branch of Chittagong to new premises to provide more enhanced services to its customers. MA Halim Chowdhury, deputy managing director of the bank, inaugurated the new premises as chief guest. General Manager Md Fazlul Haque was present as special ...

The country’s foreign currency reserve marked a fall by US$ 1 billion over a year to US$ 10431.23 million as on May 31, although it saw a jump in remittance inflows. In April this year, the reserve was US$ 11316.44 million, according to Bangladesh Bank statistics released on Thursday.