The school banking programme has recently been launched in Bangladesh. The scheme not only plans to help students and parents with a sizeable amount of savings after a certain period, it also aims to instil the habit of savings from an early age into students.

Banks will have to face punitive action if they fail to maintain the advance-deposit ratio prescribed by Bangladesh Bank (BB), the apex bank governor, Dr Atiur Rahman, said on Wednesday.

The World Bank approved a concessional credit worth US$195 million for Bangladesh for the Identification System for Enhanced Access to Services (IDEA) Project to assist the country in developing a reliable and accurate national identification (ID) system.

Scheduled commercial banks with more than 85 percent of credit deposit ratio (CDR) have to bring down the ratio by this June or face stern action from the regulator, along with a low camels rating, the Governor has warned banks’ top executives. The punitive measures might also include the central...

The 211th meeting of the board of directors of Al-Arafah Islami Bank Ltd was held at its head office recently. Badiur Rahman, chairman, board of directors presided over the meeting, said a press release. The meeting decided to hold the 16th annual general meeting (AGM) of the bank on June 6, the...

Eastern Bank Limited (EBL) has achieved 9001:2008 certificate for its commitment to quality delivery. The EBL is the first local bank to achieve the certificate, said a press release.

The central bank launched an automated clearing house at its office in Barisal on Sunday for faster settlement of transactions and payment systems as part of its move to digitalise the country’s banking system. Twenty six branches of commercial and scheduled banks in Barisal came under online sys...

Grameen Bank's retired and 'repressed' employees have given its removed managing director Muhammad Yunus seven days to leave the bank building. The ultimatum came from a rally arranged by a forum of the bank's retired and 'repressed' employees in front of its Mirpur head office on Sunday.

AB Bank Limited, with a vision to expand its alternative delivery channel, inaugurated its first ATM Kiosk at Baridhara in the city. Lt Gen Iqbal Karim Bhuiyan, Quarter Master General of Bangladesh Army along with AB Bank president and managing director, Kaiser A Chowdhury inaugurated the ATM Kio...

Bangladesh Bank has been making efforts to have the people rational on inflation in the context of current global economic situation by preparing half yearly monetary policy report, said a central bank’s statement. The statement presents an evaluation of the BB’s activities and initiatives taken ...