Finance and Commerce Adviser Salehuddin Ahmed yesterday asked the National Board of Revenue (NBR) officials to reconsider the duty structure of imported essential commodities in a bid to tackle persistent inflation..The adviser said essential commodities, namely edible oil, sugar, potato a

Bangladesh Bank permitted Mohammed Saiful Alam and his family to seize multiple banks and funnel enormous sums as loans

The family of former land minister Saifuzzaman Chowdhury Javed lost its grip on United Commercial Bank (UCB) yesterday as the Bangladesh Bank dissolved the lender’s board of directors.

The central bank issued three separate letters to the banks

Employees of Trust Bank recently donated a financial aid package worth Tk 1 crore to people in flood-hit districts of the country..It was deposited to the Chief Advisor’s Relief and Welfare Fund to meet essential humanitarian needs of the flood victim, according to a press release..D

Employees of ONE Bank recently donated the equivalent of one day’s salary to flood-affected people in different districts of the country..The money will be given to the Chief Adviser’s Relief and Welfare Fund for flood victims, the bank said in a press release..The bank’s employees f

Employees of IFIC Bank recently donated the equivalent of one day’s salary for flood-affected people in different districts of the country..The bank issued a cheque worth Tk 1 crore for the Chief Adviser’s Relief and Welfare Fund on August 25, according to a press release..The bank a

Imports, remittances and forex reserves are likely to increase, the leading chamber says

Southeast Bank recently signed a memorandum of understanding (MoU) with Pragati Life Insurance Limited to provide banking services, including payroll banking, collection, and payment services..Nuruddin Md Sadeque Hossain, managing director of the bank, and Md Jalalul Azim, managing directo

BRAC Bank recently signed a strategic partnership agreement with agrochemical company Syngenta to offer agricultural financing solutions to marginal farmers across the country..Syed Abdul Momen, deputy managing director and head of SME banking of the bank, and Mohammad Hedayet Ullah, manag

However, the turnover saw a 34% jump from the previous day

Islamic banking in Bangladesh continued its steady growth trajectory as of May this year, driven by consistent increases in deposits, investments and remittances..According to the Islamic Banking and Finance Statistics (IBFS) report by the Bangladesh Bank for that month, several key indica

The Bangladesh Bank yesterday instructed six S Alam-owned banks to stop any money going out of the accounts in the name of the Chattogram-based business giant, its associates’ companies and related persons.

The BFIU found Tk 99.7 crore at the accounts of four companies of Md Akiz Uddin, also a former deputy managing director of Islami Bank Bangladesh

Mercantile Bank donated a financial relief package worth Tk 2 crore for the relief and rehabilitation of flood victims..The executive committee of the bank held an emergency meeting at its head office in Dhaka on August 22 and decided to allocate money for flood-affected people in the coun

Jamuna Bank’s employees donated the equivalent to one day’s salary to the Chief Adviser’s Relief and Welfare Fund in response to the devastating floods impacting communities across the country..This contribution reflects the bank’s deep commitment to social responsibility and its unwaverin

Dutch-Bangla Bank donated a financial relief package worth Tk 10 crore to provide relief to flood victims in various districts of the country..The executive committee of the bank’s board of directors held an emergency meeting at its office in Dhaka on August 22 and decided to donate to the

Prime Bank recently signed a partnership agreement with robishop.com.bd, an e-commerce platform..Md Nazeem A Choudhury, deputy managing director of the bank, and Shafiq Shamsur Razzaq, general manager for value-added service, new business and market operation of the e-commerce platform, pe

The BFIU also sought information related to their loan accounts with guarantee and loan repayment

After Islami Bank, S Alam Group’s control over Social Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the Shariah-based bank that was heavily dominated by individuals linked to the conglomerate.