Bangladesh Bank has selected Jamuna Bank as the best primary dealer (PD) of Bangladesh for its outstanding performance in the government securities market during the last quarter (October-December) and paid the bank Tk 2.85 crore as underwritting commission. The central bank announced this recogn...

Commercial Banks of the country have agreed to charge maximum 12 per cent for importing food grains. Currently the charge is 13-14 per cent. The banks took the decision Wednesday morning following a request by Prime Minister Sheikh Hasina. The chairmen of the banks, who are members of Bangladesh...

Bank owners yesterday urged the central bank to relax its various rules in a bid to increase their participation in the stockmarket, which has been passing through a tumultuous period for two months.They also demanded the government keep representatives of bankers in the central bank's policymaki...

Bangladesh will receive a $120 million credit from the World Bank to implement a project on development of the private sector aiming at economic growth and creation of jobs. The World Bank board of directors at a meeting in Washington on Tuesday approved the loan, according to a message received ...

Trust Bank Limited (TBL) recently signed a memorandum of understanding (MoU) with Pragati Life Insurance Limited (PLI) to provide insurance coverage to the clients of the bank's three savings and loan products. Clients under ---'Trust Thikana-Home Loan, 'Trust Assurance Deposit Scheme' and "Trust...

The Monetary Policy Statement (MPS) for the second half of fiscal 2011 is focusing on a continuous watch towards locating and neutralising likely inflationary pressures from the growth-supportive monetary and credit policies.The policy has taken a stance to extend credit to agriculture, small and...

HSBC Amanah has again been named the Best International Islamic Bank by Euromoney magazine in Islamic Finance Awards 2011, HSBC said in a statement yesterday. The awards are widely considered to be the most high profile accolades in Islamic finance industry, and annually recognise outstanding per...

The Securities and Exchange Commission (SEC) yesterday approved the rights issue of Sonargaon Textiles and Social Islami Bank worth total Tk 3.15 billion. The decision came at a meeting of the commission presided over by SEC chairman Ziaul Haque Khondker.

Mutual Trust Bank Limited (MTB), in continuation of its financial support for two families affected by BDR carnage of 2009, has disbursed this year’s contribution. Prime Minister Sheikh Hasina handed over the MTB cheques to the bereaved family members at a function at Gonobhaban in the city recen...

The management of Pubali Bank Ltd has extended its hands to provide financial assistance to the bereaved family members of the martyred army officers who were assassinated in the BDR carnage in 2009. As part of it, the bank has been donating Tk 4,80,000 every year to one on the martyred army offi...