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Tags : Bank


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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...

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Professor Yunus directs to bring bank looters to justice

Bangladesh interim government chief adviser Professor Muhammad Yunus on Sunday directed the Bangladesh Bank governor and the authorities concerned to bring those involved in looting money from banks to justice as soon as possible.

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Meghna Bank partners with Priyoshop

Meghna Bank PLC has recently formed a strategic partnership with Priyoshop.com Limited to enhance payment solutions for the e-commerce platform...

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RBI delivers first rate cut since 2020

India’s central bank cut interest rates Friday for the first time in nearly five years, as concerns over a growth slowdown in the world’s fifth largest economy outweighed inflation risks.

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Forex reserve crosses $20b again

Bangladesh’s gross foreign exchange reserves, calculated under International Monetary Fund (IMF) guidelines, have surpassed $20 billion again, driven by strong remittance inflows...

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West Bank healthcare in dire state: MSF

The healthcare system in the occupied West Bank has been in ‘a state of perpetual emergency’ since October 2023, the Doctors Without Borders group said in a new report published on Thursday.

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SEB discusses 2025 roadmap

Southeast Bank PLC, during its 754th board meeting, held detailed discussions on strategic business initiatives and roadmap for 2025 and reviewed its performance for 2024, said a press release...

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Remittance surge boosts current account to surplus

The country’s current account balance turned positive in July-December period of FY25, primarily due to a sharp surge in remittance inflows, compared to the same period in FY24...

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Zahid for taking steps to prevent foul plays in capital market

Country’s eminent figure and former lead economist of the World Bank Dhaka office, Zahid Hussain has urged the authorities concerned to take steps for preventing foul plays in the capital market to restore confidence of the general investors...

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Dhaka Bank, ICMAB launch co-branded credit card

Dhaka Bank PLC and the Institute of Cost and Management Accountants of Bangladesh on Tuesday launched a co-branded Vertical Mastercard credit card for ICMAB members, said a press release...

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Dearness allowance: root of inequality?

THE recent decision to provide dearness allowance for government employees has sparked debates among economists, politicians and policymakers. Many arguments seem disconnected from reality and fail to consider the broader socio-economic context. Critics have presented views that do not always align with the financial struggles faced by most government employees...

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BB files case against Nagad

The Bangladesh Bank has filed a case with Motijheel Police Station against Nagad Limited, alleging that the company was involved in financial irregularities...

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LC opening in Dec hits 30-month high

The opening of letters of credit for imports surged to $6.92 billion in December, marking a 30-month high as businesses ramped up Ramadan-centric imports...

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Israeli raid in West Bank kills one

The Palestinian health ministry said one person was killed by Israeli soldiers in the West Bank on Sunday, a day after a deadly series of air strikes in the occupied territory...