Fund transfer to any Bangladeshi bank account through online banking will become possible from June, in a development that promises to be a great timesaver for bank customers.

The Bangladesh Association of Banks, a forum of private banks' directors, has donated Tk 163 crore to the Prime Minister's Relief and Welfare Fund.

There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

There is no fund crisis in the banking sector, rather the problem lies with the distribution of the deposits, a top banker said yesterday.

The Anti-Corruption Commission grills four accused including Farmers Bank's former Audit Committee chairman Mahabubul Haque Chisty in a case filed over embezzlement of Tk 160 crore and irregularities in loan disbursement.

Financial technology service provider Dmoney signed an agreement with Al-Arafah Islami Bank Limited at the latter's head office in Dhaka yesterday to launch the country's first “Digital Islami Wallet”.

The amount of default loans of state-owned banks has reached Tk 55,095 crore as of January 2018, Finance Minister AMA Muhith yesterday told parliament.

Finance Minister AMA Muhith in parliament says the government will consider in future to publish the names, addresses and identities of the bank loan defaulters periodically.

The banking sector's cybersecurity measures hardly saw any reinforcements despite being struck by one of the biggest cyber heists in history two years ago, displaying the stakeholders' casual attitude towards the rapidly emerging threat.

Depositors of troubled Farmers Bank can now breathe a sigh of relief after Finance Minister AMA Muhith yesterday said the precarious bank will be saved at any cost.

The World Bank has committed to providing $515 million through two projects, one helping to expand electricity transmission networks and another to improve insurance coverage.

The banking regulator yesterday extended the deadline for banks to lower their advance-deposit ratio (ADR) by three months to March 31 next year amid pressure from the directors of commercial banks.

The World Bank yesterday questioned the 7.65 percent economic growth estimate being peddled by the Bangladesh Bureau of Statistics for fiscal 2017-18, raising doubts over claims of robust expansion of the manufacturing sector and domestic demand.

Agent banking is the most useful channel when it comes to providing financial services to the extreme poor, speakers told a national seminar at Amari Dhaka yesterday.

The Metropolitan Chamber of Commerce and Industry yesterday urged the government to pay special attention to banking sector management in the budgetary measures for next fiscal year.

Five top officials of Islami Bank Bangladesh have resigned from their jobs following restructuring at the management level.

Prime Bank's deputy managing director Habibur Rahman has been promoted to the post of additional managing director.

The Bangladesh Association of Banks (BAB), a forum of private banks' directors, has taken up an initiative to raise Tk 160 crore for the Prime Minister's Relief and Welfare Fund.

Anti-Corruption Commission (ACC) summons an Awami League lawmaker and also a director of Premier Bank at its office for quizzing over allegations of illegally amassing Tk 134 crore in collusion with some bank officials.

The decisions taken by the government and the central bank would increase the money supply in the market, but it would encourage