Sonali bank and Electro Mechanical Services Limited (EMSL) has signed a contract recently. M Sahid Hossain, deputy general manager (IT Division) of Sonali Bank Limited (SBL), and Ansar Uddin, managing director of Electro Mechanical Services Limited (EMSL), exchang documents after signing a contra...

The half-yearly Monetary Policy announced in Dhaka on Sunday detailed steps that the central Bangladesh Bank has taken in the field of banking sector. The statement said, BB has initiated necessary corrective and preventive supervi sory steps against lending discipline lapses in banks leading t...

Shamsuddin Ahmed, Managing Director and CEO of Uttara Bank Limited addressing the First Zonal Heads' conference 2011 in the conference parjatan Holiday Complex, Rangamati recently, says a press release. The meeting discussed overall achievement of the Bank in 2010 and various aspects for the yea...

The half-yearly review meeting of the general managers, regional managers and corporate branch managers of Bangladesh Krishi Bank was held at its training institute in the city on Sunday. Md Mukter Hussain, managing director of the bank, delivered inaugural speech at the function, said a press r...

A three-week foundation course for Probationary Officers of IFIC Bank Ltd began in the Chamber Building at Motijheel, Dhaka, said a press release. Mohammad Abdullah, managing director of IFIC Bank Ltd, on Sunday formally inaugurate the course and delivered his speech to the participants. The mai...

The central bank unveiled Sunday its half-yearly monetary policy that aims at keeping inflation rate at around 7.0 per cent by the end of this fiscal through discouraging credit flow to unproductive sectors. Other major thrust of the policy will on achieving an inclusive economic growth by facili...

The Asian Development Bank (ADB) is funding a yearlong awareness campaign on credit enhancement products in Bangladesh, India, Nepal and the Philippines, which will help the countries mobilize more funds for development projects. Asia needs to invest an estimated $8 trillion in infrastructure bet...

Bangladesh Bank (BB) yesterday played down links between stockmarket troubles and curbs on money market liquidity. The central bank also defended its monetary policy and explained controls on the money flow as an “unavoidable necessity”. "Some quarters incorrectly attributed the sharp price move...

Bangladesh Bank yesterday issued a guideline for managing the environmental risks in the financial sectors, said a statement. All banks and other financial institutions in Bangladesh will have to adopt the guidelines on environmental risk management by June 30 this year. The environment in Bangl...

Dhaka Mercantile Co-operative Bank Limited has launched its 93rd branch at Habib Super Market in Bhola sadar with a view to offering updated banking services to the people of the island district, said a press release. Tofael Ahmed, MP, was present at the inaugural ceremony as chief guest while fo...