Category Archives: BANKING

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Low deposit rates, dull business swell NSCs investment

Investment in national savings certificates and bonds surpassed Tk 24,000 crore in 10 months of the current financial year 2014-15 as people invested heavily in the NSCs due to low…

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New Chairman of IFIL

Mostanser Billa has been elected Chair-man and Rezakul Haider and Anis Salahuddin Ahmad were elected Vice Chairmen of Islamic Finance and Investment Limited (IFIL) in its 183th Board meeting held…

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NBFIs asked to report transaction over Tk 10 lakh

Bangladesh Bank has asked non-bank financial institutions to provide the central bank with cash transaction report if any client makes a transaction of Tk 10 lakh or above in a…

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X-press Money Service Reward-2014

Bangladesh Krishi Bank (BKB) General Manager (International and A/Cs Department) Pijush Chandra Bhowal handing over the ‘X-press Money Service Reward-2014’ to a winner as the chief guest at a function…

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Default credit card holders face trouble to repay loans

Lack of a policy to repay default loans against credit card is taking a heavy toll on default clients who allegedly face threats and harassment from the issuing banks. Treated…

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Prime Bank Deputy Managing Director and Chief Business Officer Md Touhidul Alam Khan and Chief Executive Officer of Sea Pearl Beach Resort & Spa Limited Brigadier General (Retd) AHM Mokbul…

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Defaulted industrial loans soar by 39.67pc in July-March

Defaulted loans in the industrial sector skyrocketed by 39.67 per cent in the first nine months of the current financial year 2014-15 compared with that in the same period of…

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Shafiqul Alam, Managing Director of Jamuna Bank Limited

Shafiqul Alam, Managing Director of Jamuna Bank Limited, receives Gold Trade Award-2014 from Maumer Mesak, Relationship Manager, Financial Institutions, Commerzbank AG for excellent partnership in trade and finance in the…

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Al-Arafah Islami Bank Limited opens its 121st Branch at Borguna

Al-Arafah Islami Bank Ltd. opens its 121st  branch at Borguna Shodor Road, Borguna. Director & Vice Chairman Board Executive Committee of the Bank Alhajj Abdul Malek Mollah inaugurated the branch…

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Mercantile Bank Limited Declares 10% Cash Dividend

The 16th Annual General Meeting of Mercantile Bank Limited was held at Bashundhara Convention Center, Dhaka on May 24, 2015 in presence of a large number of Share Holders of…