Bangladesh will receive $715 million as concessional loan from World Bank (WB) to improve its primary education and produce quality statistics timely.

The Bangladesh Bank has accused 18 banks of charging higher interest rate on credit cards in violation of the rules.

Bangladesh Bank yesterday asked banks to keep open their branches on June 30 (Saturday) to help taxpayers pay income tax and submit challan of VAT, taxes and pay-orders.

Top bankers yesterday decided to bring down the interest rates on both the loans and deposits to single-digit from July 1.

Finance Minister AMA Muhith yesterday hinted that he would take some 'special measures' for the banking sector next month.

The Asian Development Bank's board of directors has approved a $500 million loan to develop a modern 800 megawatt power plant in Khulna along with associated connections to natural gas and power transmission facilities.

Bangladesh Bank (BB) yesterday tightened measures to discourage rice imports with a view to ensuring fair prices for growers.

Bangladesh Bank yesterday instructed non-bank financial institutions (NBFIs) not to send text messages through mobile phones to attract deposits.

The third annual meeting of the Asian Infrastructure Investment Bank wrapped up yesterday with calls from one of its earliest champions, Indian Prime Minister Narendra Modi, to scale up its lending tenfold over the next two years.

Banks are sticking to their directors' decision to bring down the lending rates to 9 percent from July 1 amid growing dilemma over how to execute the plan for a large number of loan products.

Md Shirajul Islam Mollah has recently been elected as the chairman of the executive committee of Prime Bank.

Banks have failed to make enough progress on their Brexit preparations and should not expect “miracle” public intervention to help them, the European Union's banking watchdog said on Monday.

Social Welfare Minister Rashed Khan Menon yesterday came down heavily on Finance Minister AMA Muhith, saying that the ministry and

Private commercial banks have sought regulatory support to bring down lending rates to single digit from July 1.

IFIC Bank has moved to auction the DuSai Resort & Spa, a high-end hotel located in Moulvibazar for its failure to repay more than Tk 87.56 crore in loans.

The crisis in the banking sector will linger unless the government takes effective measures to tackle the growing trend of financial scams and bad loans, said analysts yesterday.

Default loans at nine new private banks more than trebled to Tk 1,761 crore in the first quarter of 2018 from the same period a year ago mainly because of illicit lending practices, according to Bangladesh Bank data.

Bangladesh is progressively becoming one of the more important countries for the Asian Infrastructure Investment Bank, with the China-led multilateral lender looking to bankroll energy and transport projects in the country.

Norfund, an active strategic minority investor wholly owned and funded by the Norwegian government, will provide a concessional loan of $20 million to Mutual Trust Bank for socio-economic development of Bangladesh.

The owners of private commercial banks have decided to bring down the lending rate at 9 per cent and deposit rate at 6 per cent from next month.