Technical glitch delays day’s stock trading at the DSE by 1.5 hours

The Bangladesh Bank (BB) has found a mismatch of Tk 82.44 lakh between cash kept in BRAC Bank’s Chokoria branch vault in Cox’s Bazar and that mentioned in its books..The difference was detected during an inspection of the central bank..The BB started the inspection on December 22 las

First Security Islami Bank PLC has sent its managing director on a forced leave over his alleged involvement in irregularities centring loans provided to companies linked with S Alam Group.

An internal audit found Syed Waseque Md Ali’s involvement in loan irregularities with S Alam’s companies

Midland Bank PLC signed a memorandum of understanding (MoU) with Ship International Hospital Limited, a private hospital located at Dhour, Turag in the capital’s Uttara..Md Rashed Akter, head of retail distribution division and chief bancassurance officer of the bank, and Futoshi Kono, dir

Southeast Bank PLC organised the “Annual Agent Banking Conference 2025” at the bank’s head office in the capital’s Gulshan..MA Kashem, chairman of the bank, inaugurated the conference as the chief guest, said a press release..In his speech, Kashem said, “Agents are vital business par

Seven out of 19 customs agencies have been integrated

Al-Arafah Islami Bank (AIB) PLC has launched a “Retail Business Hub” at Jamalkhan branch in Chattogram to provide retail banking services to its clients..Farman R Chowdhury, managing director and CEO of the bank, inaugurated the business hub as the chief guest in the port city yesterday, t

BRAC Bank has opened a dedicated client service unit in a bid to facilitate international trade for its corporate and institutional customers..Tareq Refat Ullah Khan, acting managing director and CEO of the bank, inaugurated the service unit at the bank’s head office in the capital’s Gulsh

The LC margin can be set up based on the banker-customer relationship

ONE Bank has promoted Md Anwarul Islam to the post of deputy managing director (DMD) with effect from January 1 this year..Prior to his promotion to DMD, Islam was concurrently serving the bank as a senior executive vice-president, chief legal officer and head of recovery division, said a

BRAC Bank has been awarded with the “Remittance Award 2024” by the Ministry of Expatriates’ Welfare and Overseas Employment for attaining the 4th position in terms of remittance volume among all the banks in the country during the fiscal year 2023-24..Asif Nazrul, adviser to the Ministry o

Remittance inflow also broke single-month record in December

Bangladesh Bank (BB) has extended a total of Tk 12,500 crore in emergency funds to three beleaguered banks to dress up their balance sheet ahead of the year’s end. 

AKM Abdul Alim has been elected as the vice-chairman of Standard Bank PLC..The election was held at the 404th meeting of the board of directors of the bank in the capital recently, said a press release..He is a member of the audit committee and observer of the Shariah Supervisory Com

Syed Manzur Elahi, founding chairman of MTB and Pioneer Insurance Company Limited, has been elected as the chairman of Mutual Trust Bank PLC (MTB)..He served the bank as vice-chairman and chairman of the board executive committee for the last two years, said a press release..Elahi is

Mercantile Bank PLC has appointed Md Zahid Hossain as a deputy managing director (DMD) and chief business officer (CBO). .Hossain previously served Bank Asia PLC as the senior executive vice-president and divisional head, the bank said in a press release..With over 29 years of exper

NRBC Bank PLC has organised the BAMLCO Conference 2024 at a hotel in Cox’s Bazar recently..Around 300 officials, comprising all of the bank’s branch heads and branch anti-money laundering compliance officers, participated in the event..Md Rabiul Islam, managing director and CEO (curr

Midland Bank PLC has signed a memorandum of understanding (MoU) with Easy to Europe, a consultancy firm based in Germany, and Tripzik Limited, a travel company, for an online cash management solution..Mohd Javed Tarek Khan, head of the bank’s institutional banking division, Md Zahid Hasan,

IFIC Bank has expanded its operations to Jagannathpur upazila of Sunamganj with a new branch..Md Rafiqul Islam, deputy managing director and chief of branch business of the bank, inaugurated the branch as the chief guest, said a press release..During the inauguration, Islam said IFIC