The government should take immediate steps to bring down bank interest rates to single-digit to help flourish the country’s shipbuilding industry. Other shipbuilding nations are providing financial assistances with a very low interest rate for the development of the sector, speakers at view excha...

Employees of different organisations and firms now can draw their salaries from their bank accounts under an electronic fund transfer (EFT) network of 40 banks that the central bank introduced yesterday. Bangladesh Bank (BB) Governor Atiur Rahman formally inaugurated the paperless system at the c...

Madhavi Lall, Regional Head of Human Resources, India and South Asia, Standard Chartered Bank arrives in Dhaka for a 2 day official visit. She will be meeting various stakeholders of the bank during her visit, says a press release. Madhavi plays a key role in the

Asia-focused banking giant HSBC said Monday that its net profit more than doubled to $13.16 billion (9.56 billion euros) last year as bad debts plunged to the lowest level since 2006. HSBC said in a results statement that pre-tax profits soared 170 percent to $19 billion in 2010, while loan impai...

Six state-owned banks have disbursed Tk 38.1 crore to hundreds of marginal farmers across the country as special credits at an interest rate of 2 percent. The banks -- Sonali, Janata, Agrani, Rupali, Bangladesh Krishi Bank (BKB) and Rajshahi Krishi Unnayan Bank (Rakub) -- disbursed the loan in t...

Sonali Bank Limited (SBL), a state-owned commercial bank, has held its 'Business View Exchange Meeting-2011' in Dhaka on Friday. The meeting was organised to underscore its work plans for the year 2011 through evaluating the past year's business achievement, said a press release.

Social Islami Bank Ltd yesterday launched four deposit products as a part of its campaign to mark the month of country’s independence in a befitting manner. The deposit schemes--- Swapner Shiri, Sonali Din, Shachhondo Protidin and Shomriddhir Shopan, were outlined during a meeting at the board ro...

Ten best rated commercial banks have been awarded by Exclusive Economic Weekly. The Industry in respective of performance in efficient asset management, keeping sufficient capital adequacy, controlling non- performing loan and generating satisfactory income. The function was held on Sunday at Nat...

Commercial banks will have to adopt a comprehensive green banking policy by December 2013 as part of the central bank's efforts to make banking practices more responsible to social and environmental causes.Bangladesh Bank (BB) will give points to compliant banks on management component while deci...

Apparel manufacturers have sought loan from the central bank for construction of dormitories for workers in the garment sector. They have also sought government help to relocate over 20-year-old plants from the city to the proposed garment village on the outskirts. “The central bank has a special...