A strong partnership could be developed between the World Bank and Bangladesh following the country's recent graduation to the lower middle-income bracket, the chief economist of the multilateral lender said yesterday.

Scam-hit BASIC Bank has dismissed four of its top officials on grounds of financial irregularities.

World Bank Chief Economist Kaushik Basu arrived in Dhaka yesterday at the invitation of Bangladesh Bank.

STANDARD Chartered is investing in new technologies to meet customers' appetite for digital services and gain a strong footing in a rapidly changing world, said a top executive.

The World Bank has found that up to 22 percent of the development projects put in the portfolio over the last five years did not have any expenditure for a year or more.

Bangladesh Bank Governor Atiur Rahman yesterday advised the bankers to move forward with financial supports to create new entrepreneurs across the country.

Trust Bank, sponsored by the Army Welfare Trust, has decided to form a subsidiary with Malaysia's Axiata Group to provide mobile financial services, agent banking and cards.

Rules should be amended so that the central bank can remove the board members of state banks when they are found guilty of wrongdoings, Khondkar Ibrahim Khaled, a former deputy governor of Bangladesh Bank, said yesterday.

Banks can play an important role in stalling the flow of money laundered illegally out of Bangladesh, bankers said yesterday.

Bangladesh Bank yesterday appointed observers to four state-owned banks -- Sonali, Janata, Rupali and Agrani -- after their key financial indicators such as capital adequacy and classified loans took a turn for the worse.

Queen Maxima of the Netherlands has called for quick formulation of a national strategy on financial inclusion in Bangladesh to help its unbanked population get financial services easily.

The value of non-bank "shadow banking" rose to some $80 trillion (74 trillion euros) last year, according to a report Thursday by the

The central bank hinted that it could reduce the frequency of banks' stockmarket exposure reports from weekly to fortnightly.

An SME banking fair kicked off in the port city yesterday, mainly to bridge the gap between banks and women entrepreneurs.

Syed Mahbubur Rahman joined Dhaka Bank as its managing director on Sunday.

Rina Akter, a ninth-grade student at a rural school in Rangpur, used to skip classes for three to four days a month due to menstruation.

Standard Chartered said it would axe 15,000 jobs and raise $5.1 billion by selling new shares as its new chief executive set out plans to

Troubled BASIC Bank will figure prominently in discussion during the upcoming visit of a delegation of the International Monetary Fund, central bank officials said.

Md Monjerul Islam has recently joined Shahjalal Islami Bank as a deputy managing director.

A banking summit focusing on how the country's banking sector can remain competitive by managing risk along with embracing growth opportunities will begin in Dhaka tomorrow.