The previous limit was Tk 3 lakh

Customers of Shariah-based banks yesterday urged the authorities concerned to bring back funds of Islami Bank Bangladesh which have allegedly been misappropriated by S Alam Group and ensure legal steps against the group’s owner Mohammed Saiful Alam and those who abetted him..The customers,

Prime Bank announced a financial relief package worth Tk 2 crore for the flood-affected people of different districts..The bank held an emergency board meeting yesterday in response to the severe flood situation currently affecting various districts of the country, the bank said in a press

The accounts of Mintoo, his wife and son were blocked on August 1 in 2007

Bangladesh is in talks with the International Monetary Fund for an additional $3 billion loan, according to BBC and Bloomberg reports.

Bangladesh Bank (BB) is expected to hike the policy rate or repo rate by 50 basis point to 9 percent from the existing 8.50 percent next week to tame skyrocketing inflation.

The Bangladesh Bank has formed a new board of directors for crisis-hit Islami Bank Bangladesh, appointing five independent directors at the Shariah-based lender.

Trouble-ridden National Bank Ltd (NBL) yesterday elected Abdul Awal Mintoo, a businessman and vice-chairman of the Bangladesh Nationalist Party, as chairman of its board of directors, a development that came two days after the Bangladesh Bank (BB) dissolved the previous board to protect the interests of depositors.

National Finance Limited (NFI) recently signed a memorandum of understanding (MoU) with InnStar Limited, a high-end real estate and construction company in Bangladesh..Irteza Ahmed Khan, managing director of the non-bank financial institution, and Arman Haque, managing director of the real

BASIC Bank Limited recently organised its 35th annual general meeting (AGM) at its head office in Dhaka..Abul Hashem, chairman of the state-owned bank, presided over the meeting, according to a press release..Hashem emphasised proper planning and implementation to regain the lost glo

Premier Bank recently launched a new financial service, titled “Premier Bank Quick Account”, which enables users to instantly open a bank account from anywhere with just a few clicks..Mohammad Abu Jafar, managing director and CEO, inaugurated the service at the bank’s head office in Dhaka,

BRAC Bank recently signed a memorandum of understanding (MoU) with BRAC Kumon, an initiative of the KUMON Institute of Education (KIE), to provide essential financing support for the latter’s franchisees..Under this strategic collaboration, the bank will finance BRAC Kumon franchisees who

Their accounts will remain frozen for 30 days

After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.

The Bangladesh Bank yesterday appointed an administrator to Nagad after one too many allegations of irregularities in the mobile financial service provider’s operations and dealings.

Mohammed Abdul Aziz was elected chairman of Standard Bank during the bank’s 396th board meeting at the bank’s head office in Dhaka yesterday..Aziz is a sponsor director of the bank, the bank said in a press release..The prominent businessman began his entrepreneurial journey after co

Al-Arafah Islami Bank recently opened a branch in Sirajganj sadar..Md Anowar Hossain, director of the bank, inaugurated the bank’s 221st branch as chief guest, the bank said in a press release..Farman R Chowdhury, managing director and CEO, presided over the inauguration and Abu Nase

Bengal Commercial Bank organised the 32nd meeting of the board of directors at the bank’s head office in Gulshan yesterday..Md Jashim Uddin, chairman of the bank, presided over the meeting, the bank said in a press release. .Mahbubul Alam and Ghulam Mohammed Alomgir, vice-chairmen of

Southeast Bank recently organised a training course for its newly appointed probationary officers..A total of 37 officers took part in the course, the bank said in a press release..Nuruddin Md Sadeque Hossain, managing director of the bank, attended the concluding session of the trai

Eastern Bank’s four risk divisions achieved the globally recognised ISO (International Organization for Standardization) certification after fulfilling standard requirements for the quality management systems (QMS)..The divisions are risk management, credit risk management, retail risk and