Finance Minister AMA Muhith said Sunday commercial banks must cut their presence in the stock market gradually since investing in the capital market is not their core business. "Banks are not supposed to be playing in the stock market and they have to concentrate on expanding business activities ...

The High Court has turned down the petition challenging a court order asking for the closure of 110 bank accounts of Chittagong-based multi-level marketing company Unipay2u. The bench of justices A H M Shamsuddin Chowdhury and Sheikh Mohammad Zakir Hossain on Sunday gave the order following the p...

Mashrur Arefin has recently been appointed as deputy managing director and chief operations officer of City Bank, the bank said in a statement yesterday. Arefin joined City Bank in 2007 as head of retail banking. He also served the bank as chief communications officer.

BRAC Bank, one of the largest private banks in Bangladesh has recently introduced their new service SME SMS Alert service. This service has surely opened a new window to the consumers. Through this service BRAC Bank's consumers can now get alerts about their loan updates regularly.

Banks' capacity to protect depositors and promote financial stability is waning, according to a quarterly Bangladesh Bank (BB) report released last week. The report shows risk-weighted capital asset ratio (RWCAR), which is an important cushion against unexpected shocks, shrunk to 7.91 percent in ...

World Bank has invited essay competition on 'Youth Migration'. Young people are on the move. Improvements in transportation, technology development and increased international trade, as well as issues such as unemployment, war, health and economic hardship have prompted more young people to migra...

The trading of 25 percent subordinated convertible bonds of BRAC Bank will start at Dhaka Stock Exchange (DSE) on February 8 under 'N' category as per the decision of the board of directors of DSE. DSE Trading Code is "BRACSCBOND" and DSE company code is 26003 for the bonds. The bank issued 3 mi...

CB Islamic Bank Ltd yesterday introduced debit card for its clients. Moshiul Haque Chowd-hury, managing director and CEO of the bank, formally inaugurated the service at the bank’s head office in the city, said a press release.

Dhaka Bank Ltd recently opened its 55th branch at Mohakhali in the city. Rakhi Das Gupta, director of the bank, formally inaugurated the branch, said a press release. The branch has all modern banking facilities including online banking, the news release said. Chairman of the Board of Di...

Commerce Minister Faruk Khan Thursday visited the Institute of Chartered Secretaries of Bangladesh and launched its official web-site (www.icsb.edu.bd). During the opening ceremony he emphasized on the importance of ICT for Digital Bangladesh to achieve the goal of Vision 2021. President of ICSB ...