Punitive actions will be taken against people who have hoarded US dollars illegally, the Bangladesh Bank said today.

Al-Arafah Islami Bank gets approval to raise a fund of Tk 500 crore through issuing non-convertible, floating rate, fourth mudaraba subordinated bond.

Brac Bank has become the first bank in Bangladesh to introduce a toll-free number at call centres.

Islami Bank Bangladesh Ltd won the top performing banking award in sustainability rating by the Bangladesh Institute of Bank Management (BIBM) on Sunday.

Md Murshedul Kabir has joined Agrani Bank Ltd in the post of managing director (MD) and chief executive officer on Sunday.

IFIC Bank has decided to issue a Tk 500-crore non-convertible coupon bearing subordinated bond. 

Mohammad Jahangir has joined Rupali Bank in the post of managing director and chief executive officer yesterday.

Md Afzal Karim joined Sonali Bank Limited in the post of chief executive officer and managing director yesterday.

Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said today.

Dhaka Stock Exchange Managing Director Tarique Amin Bhuiyan has resigned from his position, said a top official of the prime bourse of Bangladesh today.

Standard Chartered Bangladesh was recently named “Market Leader” in Bangladesh for corporate social responsibility (CSR) in a survey key banking categories and markets by financial publication Euromoney.   

Al-Arafah Islami Bank has donated 147 computers to International Islamic University Chattogram (IIUC) as a part of its corporate social responsibility for setting up a “Computer Vision and Intelligent System Laboratory”. 

Pubali Bank has donated an ambulance and signed a memorandum of understanding with Birdem General Hospital for employees to avail a 30 per cent discount on medical services from the hospital. 

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to furnish it with loan information of South Bangla Agriculture and Commerce Bank Chairman Abdul Kadir Molla.

Social Islami Bank Limited (SIBL) has launched a three-month special campaign, styled “Asset Development Campaign”, with the aim to create awareness about quality investment and timely repayment for the socio-economic development of the country.

Meghna Bank Limited and KDA School and College have signed a memorandum of understanding (MoU), under which the lender handed over computers to the school for establishing an ICT lab on its campus.

Sonali Bank Limited yesterday paid tribute to Bangabandhu Sheikh Mujibur Rahman and his family, who were martyred on August 15, 1975, and honoured the freedom fighters who served the bank.

The Bangladesh Bank yesterday sought explanations from managing directors of six private banks citing their alleged involvement in taking advantage of the volatility in the foreign exchange market to make a super profit.

No money changer can now charge over Tk 1.5 against each US dollar while buying and selling the greenback.

The Bangladesh Bank today set the all-in-cost ceiling for short-term trade finance in foreign currencies.