The heavyweight banking sector lost Tk 19,740 crore or 26.60 percent of its market capitalisation since the turn of the year in what can be viewed as a worrying development for the Dhaka Stock Exchange.

Dhaka Bank recently observed its 23 years' journey through donations at the bank's head office in Dhaka.

Most of the mutual funds have been trading at lower than their face value for several years now as poor performance and mismanagement by fund managers spoiled investors' appetite.

Standard Chartered Bank will do more for Bangladesh by way of continuing to promote the country abroad, attract foreign investors and connect local companies with global opportunities, said a senior executive of the global lender.

Standard Chartered Bangladesh has recently announced that its head for corporate affairs, Bitopi Das Chowdhury, would also be leading

The heist of $81 million from Bangladesh Bank’s account with the Federal Reserve Bank of New York in 2016 was conducted by hacking into the central bank’s systems, according to a forensic report submitted to a Philippines court.

World Bank President Jim Yong Kim yesterday praised the people of Bangladesh for providing shelter to the Rohingya refugees.

Bangladesh will receive $715 million as concessional loan from World Bank (WB) to improve its primary education and produce quality statistics timely.

The Bangladesh Bank has accused 18 banks of charging higher interest rate on credit cards in violation of the rules.

Bangladesh Bank yesterday asked banks to keep open their branches on June 30 (Saturday) to help taxpayers pay income tax and submit challan of VAT, taxes and pay-orders.

Top bankers yesterday decided to bring down the interest rates on both the loans and deposits to single-digit from July 1.

Finance Minister AMA Muhith yesterday hinted that he would take some 'special measures' for the banking sector next month.

The Asian Development Bank's board of directors has approved a $500 million loan to develop a modern 800 megawatt power plant in Khulna along with associated connections to natural gas and power transmission facilities.

Bangladesh Bank (BB) yesterday tightened measures to discourage rice imports with a view to ensuring fair prices for growers.

Bangladesh Bank yesterday instructed non-bank financial institutions (NBFIs) not to send text messages through mobile phones to attract deposits.

The third annual meeting of the Asian Infrastructure Investment Bank wrapped up yesterday with calls from one of its earliest champions, Indian Prime Minister Narendra Modi, to scale up its lending tenfold over the next two years.

Banks are sticking to their directors' decision to bring down the lending rates to 9 percent from July 1 amid growing dilemma over how to execute the plan for a large number of loan products.

Private commercial banks have sought regulatory support to bring down lending rates to single digit from July 1.

IFIC Bank has moved to auction the DuSai Resort & Spa, a high-end hotel located in Moulvibazar for its failure to repay more than Tk 87.56 crore in loans.

Md Shirajul Islam Mollah has recently been elected as the chairman of the executive committee of Prime Bank.