Bangladesh Bank Governor Atiur Rahman has expressed optimism about the country's economic outlook and said the GDP growth will cross 7 percent in both current and next fiscal years, thanks to better performances by industrial and services sectors.

Bangladesh and Qubee have signed an agreement recently at Santa Western Towner in the city. According to this agreement, Qubee customers with account in HSBC and having personal internet banking service activated can conveniently pay monthly bill by logging into the banks portal or phone banking.

Bangladesh Bank has fixed the interest rebate on spices at 4 percent, which will come into effect on July 1. Currently, state banks provide loans in the spices sector at the rate of 2 percent interest.

Dhaka Bank made gross irregularities in providing loans to some large commodity importers which helped them hoard products, control import and finally contribute to price hike, a central bank inspection report said. The Khatungonj Branch of the bank disbursed loan amount beyond single exposure li...

Bank Asia, one of the leading commercial banks, recently donated a car to National Defense College (NDC). The bank gave the car to the NDC as a part of its corporate social responsibility, said a press release.

The apex trade body yesterday insisted it never lobbied with the Bangladesh Bank to extend the deadline for bringing down the banks' exposure to stockmarket as has reportedly been claimed by the central bank.

Mesbah Ul Haq, an eminent banker, has been promoted as genera1 manager of Sonali Bank Limited recently. Previous1y he played role as deputy genera1 manager of industria1 project financing division of the bank’s head office, says a press release.

The central bank yesterday said people who now blame Bangladesh Bank (BB) for its inaction in dealing with the banks' overexposure to the capital markets had once put pressure on the BB to go soft on the banks' links with the stockmarket.

Primary dealer banks will now be able to show 50 percent of HTM (held to maturity) securities, up from 25 percent, as tradable assets, according to a new decision by Bangladesh Bank. HTM securities are debt securities purchased by banks with intent to hold them until they mature. On the other han...

BRAC Bank yesterday launched a new product, Probashi Card, to help customers receive overseas remittance directly from ATM booths and point-of-sales all over the country. With the pre-paid card, customers can now receive remittance money at anytime avoiding the hassle of coming to the bank branch...