Bangladesh Krishi Bank signed a memorandum of understanding (MoU) with Bangladesh Tea Board (BTB) on financing Small Holding Tea Cultivation in Chittagong Hill Tracts. The MoU was signed at the board room of Bangladesh Krishi Bank on Tuesday, said a press release. Under the MoU, the initiative of...

DHAKA : Bangladesh Bank governor Dr Atiur Rahman on Wednesday asked the banks to fix a focal point while carrying out their Corporate Social Responsibility (CSR). He gave the directive while addressing a meeting on ‘CSR Presentation’ at Hotel Sheraton in the city. Management and Resources Develop...

Inter-bank call money rate shot up to 62.5 per cent yesterday, which is highest during the present government’s regime, as banks and financial institutions were facing fund shortage. The call money rate moved up to 50 per cent on Monday. “The increase in CRR and SLR of commercial banks and a larg...

Bangladesh Bank has recently finalized their independent pay scale for its employee. According to the new pay scale the Executive Director's scale is thirty four thousand and five hunderd taka (Tk.34,500) and on that s/he will draw a salary of fifty two thousand four hundred and fifty taka (Tk.52...

Dutch-Bangla Bank Limited (DBBL) signed an agreement with Bangladesh Bank on refinancing under Asian Development Bank (ADB) Credit Fund for development of the Small and Medium Enterprise (SME) sector. Sukamal Sinha Choudhury, general manager of Bangladesh Bank’s SME and Special Programs Departmen...

Janta Bank Limited started their new branch at Chinairbazar of sadar upazilla in Brahmanbaria. State Minister for Law and Parliamentary Affairs Kamrul Islam inaugurated the new branch of the bank on last Sunday. Former personal secretary of Prime Minister RAM Obaidul Moktadir Choudhury, Deputy Co...

Citibank, N.A. Bangladesh has recently decided to expand its collection and disbursement channel in Bangladesh. On this ocassion CitiBank, N.A. Bangladesh and Southeast Bank Limited signed an expanded correspondent banking agreement on Monday. The agreement will facilitate transactions of the val...

National Bank Ltd. (NBL) has issued fixed rate (11.0 per cent) subordinated bond worth of BDT 2.5 billion with a maturity period of seven years to increase its capital base in line with Basel-II framework. Standard Chartered Bank (StanChart) was the mandated lead arranger for this issue managemen...

bKash Ltd - a joint venture company between BRAC Bank, Bangladesh, and Money in Motion LLC, USA - signed an agreement with ShoreBank International, an international consulting firm, to provide financial services through an extensive network of community-based agents and existing technologies, inc...

DHAKA: The Asian Development Bank (ADB) for the first time has approved a large fund of US $250 million to support microfinance initiative in its member countries. The ADB at a meeting at its Manila headquarters today approved the fund, which will be disbursed under the Microfinance Risk Particip...