Banks and financial institutions who failed to lower their interest rates to 9 per cent will not get government’s annual development programme fund.

Pubali Bank recently saw the unanimous election of Azizul Huq, founder CEO of Islami Bank Bangladesh, Social Investment Bank and Islamic Finance and Investment, as chairman during a board meeting.

Banks should develop data banks on their own in order to prevent billions of dollars from being siphoned out of Bangladesh through trade-based money laundering, a study recommended.

The head of the Bangladesh Securities and Exchange Commission (BSEC) has expressed helplessness regarding the bearish run of the market, blaming the higher interest rate on savings certificates and bank deposits for the slump. “What can the commission do if the bank deposit

Insanity is doing the same thing over and over again and expecting different results, the influen-tial physicist Albert Einstein once said. And this quote comes to mind when one glances through the Bangladesh Bank’s latest policy for defaulters. Issued on May 16, the notice is an extended

The central bank has widened banks’ scope to invest in the stock market and infrastructural fund as the government looks to put a pause on the longer than usual bear run. The DSEX, the benchmark index of the premier bourse, lost 774.55 points, or 13.07 percent, in the last three months.

Shariah-based banks’ net profit margin declined to 2.2 percent in 2018 from 3 percent a year earlier at a time when the banking sector’s rose, found a recent study. The banking sector’s net profit margin improved to 3 percent from 2 percent last year, according to the study titled “Islamic Banking Operation of Banks-2018”.

The country has to count more than Tk 9,000 crore a year because of its heavy dependence on cash, necessity to move towards a cashless society. The maintenance cost of the printed money is nearly 0.50 percent of the country’s GDP, Central bank report styled ‘Reducing the Cash Transaction’.

The central bank has decided in principle to exempt banks’ investments in non-listed companies from capital market exposure, a move that can give banks plenty of room for fresh investments in the stock market.

The board of NCC Bank yesterday sought explanation from Managing Director Mosleh Uddin Ahmed for his abnormally high deposits as revealed by Bangladesh Financial Intelligence Unit (BFIU).

Mutual Trust Bank has got regulatory approval to raise fund to boost its capital base by issuing 6.37 crore new shares to the Norfund,

Mercantile Bank has recently launched a second edition of MBL Young Bankers’ Appreciation Award as part of its effort to identify and recognise talented young bankers.

A lack of trust is to blame for the banking sector’s current woes, said noted economist Wahiduddin Mahmud yesterday.

Md Atiqur Rahman has recently been elected as the chairman of Jamuna Bank.

AB Bank has appointed Muhammad A (Rumee) Ali as chairman as part of the lender’s effort to improve its financial health.

Former secretary Kaniz Fatema has recently joined Karmasangsthan Bank as its chairman.

The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of banks, as part of its efforts to perk up the ailing sector.

The pace of recovery of banks' nonperforming loans (NPL) was much lower than the rate at which their NPL increased last year -- an ominous development for the sector.

The Asian Infrastructure Investment Bank (AIIB) has approved a loan of $120 million for a project that will upgrade and expand the power transmission system in Chittagong.

Banks have rescheduled a record amount of default loans last year, fuelling further fears of the sector's health.