The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.

As much as 89.3 percent of the credit extended by First Security Islami Bank, when controlled by the major Awami League beneficiary S Alam Group, to AL-affiliated Sikder Group by violating banking rules and regulations has become defaulted.

Agrani Bank PLC has received the “Remittance Award 2024” for collecting a significant amount of foreign remittances in the banking sector for the fiscal year 2023-2024..Asif Nazrul, adviser to the Ministry of Expatriates’ Welfare and Overseas Employment, handed over the award to Md Anwarul

Uttara Bank PLC has organised a programme titled “Business Development Conference & Future Planning for 2025” at Jol Torongo, an army welfare trust resthouse, in Cox’s Bazar recently..Azharul Islam, chairman of the bank, attended the conference as the chief guest, the bank said in a press

Al-Arafah Islami Bank PLC has appointed Mohd Rafat Ullah Khan as its additional managing director (AMD)..Khan will also serve the bank as the chief risk officer concurrently, the bank said in a press release..He has more than 30 years of experience in the banking industry..Prio

Islami Bank Bangladesh PLC has received the “Remittance Award 2024” for collecting the highest remittances in the fiscal year 2023-2024..Asif Nazrul, adviser to the Ministry of Expatriates’ Welfare and Overseas Employment, handed over the award to Mohammed Monirul Moula, managing director

Eastern Bank PLC (EBL) has honoured some 30 partner companies for their significant contribution toward development of digital services and solutions of the bank at the “EBL Digital Excellence Summit 2024”..The event brought together key partners, merchants of EBL and industry leaders to c

Midland Bank PLC has signed a memorandum of understanding (MoU) with Expose Furniture, a furniture manufacturer and retailer company in Bangladesh..Alamgir Biplob, managing director of the furniture manufacturer, and Md Rashed Akter, head of retail distribution division and chief bancassur

The Asian Development Bank (ADB) will extend a $600 million loan to Bangladesh to help the country strengthen its economic management and establish a transparent and accountable regulatory environment for private sector development.

Nazia Kabir, a partner at the legal advisory firm “Syed Ishtiaq Ahmed & Associates” and an advocate at the High Court Division of the Supreme Court of Bangladesh, has recently joined Prime Bank PLC as the first female independent director..Nazia is a member of both the Bangladesh Supreme C

Union Bank PLC recently arranged the 4th meeting of the newly formed executive committee of the bank at its head office in the capital’s Gulshan..Md Fariduddin Ahmad, chairman of the executive committee of the bank, presided over the meeting, according to a press release..Md Humayun

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion

Bengal Commercial Bank PLC recently adopted “Bangla QR" code, which was earlier launched by the Bangladesh Bank, with pledges to make banking facilities more advanced and easier..Tarik Morshed, managing director and CEO of the bank, inaugurated the technology-driven Bangla QR code payment

SBAC Bank PLC recently conducted a daylong workshop on “Prevention of Money Laundering & Combating Financing of Terrorism” for officers for Khulna region of the bank in Khulna..Md Masoodur Rahman, chief anti-money laundering compliance officer of the bank, attended the workshop as the chie

New 17-member panel will work to produce globally-accepted data

Shimanto Bank PLC recently arranged a “Branch Anti Money Laundering Compliance Officers (BAMLCO) and Departmental Anti Money Laundering Compliance Officers (DAMLCO) Conference 2024” at its head office in Dhaka..AKM Ehsan, acting head of Bangladesh Financial Intelligence Unit (BFIU), attend

NCC Bank recently entered into a strategic agreement with General Pharmaceuticals Limited to provide payroll banking services as part of its cash management solutions..This partnership aims to deliver customised and privileged financial services to the drug maker’s employees..Mahbub

Eastern Bank PLC (EBL) has organised an “Annual Risk Conference 2024’ with an objective to navigate risk through vigorous risk assessment and ensure prudent risk management..The daylong conference was held at the bank’s head office in the capital’s Gulshan yesterday to review the bank’s li

Midland Bank recently signed a memorandum of understanding (MoU) with Sheba Fintech Limited to advance digital banking and financial inclusion..Md Zahid Hossain, deputy managing director of the bank, and Ilmul Haque Sajib, managing director of Sheba Fintech, penned the MoU at the bank’s he