Huge outflow of foreign currency during Hajj and Eid-ul-Azha has created a crisis of cash US dollar in Bangladesh, according to market players and the regulator.

State-owned BASIC Bank, which succumbed to reckless lending during the tenure of its controversial chairman Sheikh Abdul Hye

The five local banks that lent Tk 1,100 crore to the fraudulent Bismillah Towels Group are yet to recover a single penny three and a half years after the scam was detected.

Local private commercial banks donated Tk 25.80 crore to the Prime Minister's Relief Fund on Monday, said Nazrul Islam Mazumder,

The central bank has stepped in to help the government implement the jute packaging law, which remains pending due to resistance by

The taka is set to make its debut in the international bond market as the government gave approval to the International Finance

The central bank has allowed online payment of visa processing fees through international credit card (ICC) as per the requirement of concerned embassies and high commissions.

The Anti-Corruption Commission (ACC) files three more cases with Dhaka’s Gulshan Police Station in connection with the swindling of money from state-run Basic Bank.

An official of State Bank of India's Bangladesh operation was caught as he attempted to steal Tk 5 lakh from outside the central bank

The central bank should go for a steady depreciation of the taka to help exporters maintain their competitiveness as Bangladesh's

Md Saifur Rahman Patwary has been promoted as the deputy managing director of First Security Islami Bank, the bank said in a statement yesterday.

Online banking platforms enable customers to make seamless payments between countries and currencies and give businesses greater control over cash and collection, a banker said.

Small and medium enterprises can play a key role in export diversification, given they are provided with the required support that will effectively help Bangladesh cut its overreliance on garments for foreign currencies.

Bangladesh Bank has refused to approve the reappointment of Mirza Abbas Uddin Ahmed, popularly known as Mirza Abbas, as a director of Dhaka Bank for a series of criminal cases pending against him, a central bank official said yesterday.

Four private borrowers, mostly from the power sector, got loans of $120.72 million from seven banks and financial institutions under an investment promotion programme of the World Bank.

Effective policy and its timely implementation are crucial for the garment sector in Bangladesh to tap the potential that exporters, the government and international organisations often discuss.

With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.

China has cut its main interest rate to boost growth in its economy.

Bangladesh Bank yesterday warned it would curtail the functions of BASIC Bank as per laws if the problem-ridden lender did not

India opened its first private bank in 11 years that will focus on micro loans to give financial inclusion a boost.