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Tags : Bank


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NAGAD ADMINISTRATOR: HC dismisses writ petition

The High Court on Sunday dismissed a writ petition challenging the legality of Bangladesh Bank’s decision to appoint an administrator to oversee Nagad Limited’s operations after dissolving its board of directors, which was...

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FSIB organises school banking campaign

First Security Islami Bank PLC Feni branch organised ‘School Banking Campaing’ at the Shaheen Academy School and College premises at Feni on Thursday.

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Islami Bank holds agent banking meet

Chattogram north zone and Chattogram south zone of Islami Bank Bangladesh PLC organised an agent banking business development conference and workshop on Prevention of Money Laundering and Terrorist Financing.

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Forex transactions thru cards cross Tk 800cr

The volume of foreign currency transactions made through cards surpassed Tk 800 crore in December 2024, the first time in a year, as increased outbound travel during the holiday season boosted spending...

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Global Islami Bank placed in Z category

The Dhaka Stock Exchange on Wednesday downgraded Global Islami Bank PLC to ‘Z’ category from ‘A’ category due to non-compliance with securities laws...

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Nagad condemns attack on its administrator

Nagad, a leading mobile financial service provider under the Bangladesh Post Office, expresses deep concern and strongly condemns the recent attack on its administrator Muhommad Badiuzzaman Dider by unidentified missceants, said a press release.

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Bank deposits surge by Tk 35,743cr in Oct-Dec

Deposits in the country’s banking sector increased by about Tk 35,743 crore in the three months ending in December 2024, indicating a gradual recovery of depositors’ confidence...

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MDB opens Gazipur branch

Midland Bank PLC on Wednesday inaugurated its branch at Joydebpur Bazar Road in Gazipur, said a press release...

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Time for govt to work as tale of edible oil shortage repeats

THE good old tale of the shortage of edible oil repeats, with Ramadan, the month of fasting for the Muslims, likely to begin at February’s end. While packed or bottled soya bean oil is reported to have been in short supply, it has started selling for prices higher than the official rate. The situation has pushed up prices of packed, including bottled, and unpacked soya bean...

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Net foreign financing plunges by 67pc

Net foreign financing dropped by 67 per cent in July-November of the financial year 2024-25 compared with the same period in the previous year, as loan repayments exceeded new inflows amid countrywide unrests...

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Bangladesh Bank predicts sluggish economy in FY25

The Bangladesh Bank is not optimistic about the country’s economic outlook for the 2024-25 financial year as the central bank on Monday predicted economic growth would remain sluggish at about 4-5 per cent in FY25 due to a host of challenges...

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Persistent contractionary MPS to harm pvt sector: DCCI

The Dhaka Chamber of Commerce and Industry expressed concern over the Bangladesh Bank’s decision to maintain a contractionary monetary policy in the second half of the 2024-25 financial year, keeping the policy rate at 10 per cent...

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City Bank okays Tk 800cr bond

The City Bank’s board of directors has approved the issuance of a subordinated debt bond worth Tk 800 crore to meet capital requirements under the Basel-III framework to support the bank’s continuous business growth...

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WB prefers new tax measure only thru budget

Visiting World Bank vice-president Martin Raiser on Sunday said that the imposition of any new tax measure or tax expenditure should be made through the national budget...

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MONEY LAUNDERING: Ex-Basic Bank chair Bacchu sued again

The Anti-Corruption Commission on Sunday filed another four cases against former Basic Bank chairman Sheikh Abdul Hye Bacchu and his family members, accusing them of amassing illegal wealth amounting to Tk 248 crore and laundering money to Canada...

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Southeast Bank approves Tk 1,000 crore bond

Southeast Bank Limited has announced the issuance of a fully redeemable, non-convertible, unsecured, floating-rate subordinated bond as part of its efforts to enhance the bank’s Tier-II capital...

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OBPLC gives scholarship to Ctg students

ONE Bank PLC, as part of its CSR programme, arranged a scholarship giving ceremony for underprivileged meritorious students of Chattogram zone, said a press release...