AKM Shahnawaj has recently been promoted as deputy managing director of Dhaka Bank.

Despite intense efforts to attract funds private banks are experiencing a slowdown in deposit growth due to a lack of confidence of depositors following a series of reports of loan scams.

The central bank yesterday gave the green light to the rollout of contactless credit cards, ushering in an exciting new era of payment system in Bangladesh.

Pubali Bank has recently appointed Muhammad Mijanur Rahman Joddar as an additional managing director.

Finance Minister AMA Muhith yesterday said it is difficult to bring down the lending rate of banks to single-digit overnight.

The practice of carrying cash is gradually declining in Bangladesh as people are getting to understand the financial benefits of digital payment systems like debit and credit cards, said experts and policymakers yesterday.

A high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential.

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.

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

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.

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 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.