The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.

After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance.

Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023

The central bank said in quarterly review on money and exchange rate

It hit $19.45 billion on March 27, down from $19.98 billion on March 20

Banks’ spending on socially impactful schemes as part of their corporate social responsibility (CSR) fell in the second half of 2023, said a central bank report yesterday..During the July-December period of last year, banks spent Tk 353 crore on CSR-related activities, which was 31 percent

A provision in the Income Tax Act 2023 created the discrimination

The move is likely to be fine-tuned to when the first major ones are launched

Bangladesh Bank has issued a detailed guideline today, including default loan recovery targets, alongside criteria over the appointment, reappointment and responsibilities of managing directors and chief executive officers (CEOs) of non-bank financial institutions (NBFIs).

The DSEX lost 66.73 points to close at 5,834

NRBC Bank’s top managers have great appetites. 

Only a select 27 employees of NRBC Bank were given salary hikes, and that too astonishingly, in 2022 in violation of banking rules as well as NRBC’s own human resources policy

Export proceeds worth at least $3.45 million (Tk 34.41 crore) were not repatriated by six customers of NRB Commercial Bank’s Uttara branch, and the bank concealed the trail of the capital flight, according to the bank’s internal audit and case documents.

The new rate comes two days after a price cut

The four are: Sunflower Life Insurance, Progressive Life Insurance Company, Sunlife Insurance Company and Homeland Life Insurance Company

During the 40th board meeting of NRBC Bank on February 7, 2016, current Chairman Tamal Parvez and Director Adnan Imam entered the boardroom accompanied by a man carrying a large gun. Both Tamal and Adnan were board directors back then.

They demand cancellation of the prices fixed by the Department of Agricultural Marketing on March 15

Each bhori 22-carat gold will cost Tk 111,158

The planned merger of Shariah-based Exim Bank and struggling Padma Bank is likely to take between 18 months to two-and-a-half years to complete, according to central bank officials.

New guideline on supervision charge issued