Sajjadur Rahman

State-owned BASIC Bank, which succumbed to reckless lending during the tenure of its controversial chairman Sheikh Abdul Hye

The five local banks that lent Tk 1,100 crore to the fraudulent Bismillah Towels Group are yet to recover a single penny three and a half years after the scam was detected.

Cement makers, who have been going through a tough time for the last two years, now expect the demand to return next year, riding

Mutual Trust Bank has one feature that sets it apart from the crowd: its board that consists of the country's most successful business leaders.

Local processed food makers are increasingly investing in building their cold chain networks to maintain the quality of products, industry insiders said.

Demand for processed foods is picking up thanks to rising incomes and busy lifestyles.

Mutual Trust Bank can boast about one thing that its peers cannot: its board consists of the country's most successful conglomerates.

The cost of funds for non-bank financial institutions has dropped to a record low, due to excess liquidity and poor demand for money,

Bangladesh Bank has refused to approve the reappointment of Mirza Abbas Uddin Ahmed, popularly known as Mirza Abbas, as a director of Dhaka Bank for a series of criminal cases pending against him, a central bank official said yesterday.

Public and private millers questioned the government's sincerity in implementing the jute packaging law that was enacted in 2010 to promote environment-friendly jute goods.

UK Minister of State for International Development Desmond Swayne yesterday ruled out any conspiracy by the western countries

The number of money laundering cases lodged with the Anti-Corruption Commission increased by more than 25 percent year-on-year in 2014.

Bangladesh has turned into a textile chemical exporter from importer in recent years, helping the country save and earn millions of foreign currency, industry players said.

Intense competition among the 87 lenders to grab clients is putting pressure on the interest rates, but demand for money is not rising,

Pran, a leading food processor, has tripled its export earnings in the last four years to more than $144 million (Tk 1,126 crore) now.

Import-export firm AVIATE International was in desperate need of Tk 15 crore loans since the start of 2012 to keep its business afloat. Its owner somehow came to know that Sheikh Shariar Panna, younger brother of the then BASIC Bank chairman Sheikh Abdul Hye Bacchu, could arrange a quick loan for the firm.

The Anti-Corruption Commission enquiry into the Tk 4,500 crore BASIC Bank scam couldn't find in it the involvement of the bank's then chairman Sheikh Abdul Hye Bacchu, who allegedly masterminded the biggest banking fraud in Bangladesh, say ACC officials.

Some 28 of the 31 life insurers breached their respective limits on expenses last year, according to the Insurance Development and Regulatory Authority or IDRA.

The central bank's decision not to allow conventional banks to convert into Islamic banks has frustrated half a dozen lenders.

Biman Bangladesh Airlines has struck a deal with Mega Maldives Airlines to meet the additional demand for aircraft in times of hajj, officials said.