The 10th President of the Asian Development Bank (ADB) Masatsugu Asakawa assumed office today.

Prime Minister Sheikh Hasina expresses hope that the banks will implement the single digit interest rate from April for the sake of the speedy industrialisation and investment.

A February Reserve Bank of India rate cut is on a knife’s edge, with just under half of economists polled expecting easing at that meeting, and is highly likely by the middle of next year, according to a Reuters poll.

Bangladesh Financial Intelligence Unit (BFIU) yesterday issued guidelines for banks to prevent money laundering in the name of export and import.

Mutual Trust Bank (MTB) yesterday opened a bank museum to showcase its 20-year journey and achievements.

Mamoon Mahmood Shah has recently joined NRB Bank as additional managing director.

Mamoon Mahmood Shah has recently joined NRB Bank as additional managing director.

Ahmed Rashid has recently joined Brac Bank as head of credit risk management.

AB Bank Ltd has stepped up efforts to cut non-performing loans and improve corporate governance as the country’s first private commercial bank desperately seeks to become one of the top lenders again.

M Fakhrul Alam has recently been reappointed managing director of One Bank, effective from October 8.

The central bank yesterday revoked a remittance award given to Shahjahan Bablu three days ago after his name was found on the list of loan defaulters of Bangladesh Commerce Bank Ltd (BCBL).

Banks’ loan recovery momentum slowed down in the second quarter of 2019 as many defaulters showed unwillingness to pay back loans to enjoy the central bank’s relaxed rescheduling facility.

India wants its Exim Bank to monitor the projects it is financing in Bangladesh.

The government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent it currently takes into account, in a reflection of the country’s growing economic power.

CDC Group, the UK government’s development finance institution, yesterday announced to invest $30 million (over Tk 25 crore) in Bangladesh’s Brac Bank.

Local financial technology service provider Dmoney announces its commercial operation aiming to create a solid position of the digital financial service in the country.

Standard Chartered Bangladesh (SCB) on Thursday launched the Korea- Bangladesh desk to help Korean businesses invest and operate in Bangladesh. A guidebook titled “Doing business in Bangladesh”, offering information in both Korean and English languages, was also launched at

Eastern Bank Ltd (EBL), a leading private bank of Bangladesh, will open its first representative office in Guangzhou of China today to explore the growing business opportunities between the two Asian economies.

The Investment Corporation of Bangladesh has sought Tk 1,000 crore in financial support from Bangladesh Bank on an “emergency basis” to inject liquidity into the ailing capital market as part of its concerted efforts to bring back investor confidence.

Loans written off by banks surged 21 percent to Tk 54,463 crore in the second quarter of the year from a quarter ago as the lenders try to clean up balance sheets and paint a rosy picture of their health.