One of the leading banks in Bangladesh, HSBC launched a business plan competition for undergraduate students yesterday. The contest, Young Entrepreneur Award (YEA) 2011, aims at promoting "creativity and innovation and sharpen the business knowledge of young students beyond their borders".

NCC Bank has taken various initiatives to increase inflows of remittances through banking channels. In this regard, additional managing director of the bank Golam Hafiz Ahmed, along with head of remittance & NRB services department ABM Jashim Uddin Ahamed visited Italy recently as a part of motiv...

Stock market tumbled one more time yesterday that counts fifth straight crash in a row. It's been very thwarting for the regulator's efforts of containing volatility and repealing the hope for a calm and confident market. The latest move -- the introduction of circuit-breaker, which halts the mar...

The central bank has provided more fund to the state-run Investment Corporation of Bangladesh (ICB) to bring back stability in the share market, officials said. Bangladesh Bank (BB) has disbursed a total of Tk 4.0 billion to the ICB through IFIC bank in the last two consecutive days to avert any...

Bangladesh Bank Governor Dr. Atiur Rahman has attributed the resilience of the Bangladesh economy, against the onslaught of the recent global crisis, to the adoption of limited and regulated external exposure. “The limited, regulated external exposure served well in shielding our financial market...

The government will sign a memorandum of understanding (MoU) with the commercial banks for introducing electronic government procurement (e-GP) mechanism as the system requires electronic payment facilities. Initially, the MoU will be signed with 12 banks by the end of this month and by turn a...

Bank Asia, a private commercial bank, has inaugurated a branch in Moulvibazar district yesterday. A Rouf Chowdhury, chairman of Bank Asia, formally inaugurated the branch. M Safwan Chowdhury and M Lakiotullah, vice chairmans of the bank, Shah Mohammad Nurul Alam, its director, and Irfanuddin Ahma...

The 1188th branch of Sonali Bank Limited was opened at Nolin Bazar in Tangail recently. Lawmaker Khandhokar Asaduzzaman inaugurated the branch as the chief guest, said a press release.

First Security Islami Bank Limited (FSIBL) has organised a mangers’ conference at BRAC-CDM at Rajendrapur under Gazipur district recently, said a press release. The conference was presided over by AAM Zakaria, managing director of FSIBL. M Abdul Quddus, deputy managing director of FSIBL also atte...

Most private banks have ventured into risky business to bag excessive profits that inflated share prices and call-money rates. According to Bangladesh Bank (BB) statistics, the credit-deposit ratio in private banks was 89 percent last year, which was 73 percent in state-owned commercial banks (SC...