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.

NRBC Bank today donated Tk 1 crore for relief efforts and committed to providing the equivalent of one day’s salary for all employees in flood-affected areas under its corporate social responsibility (CSR). .Half of the amount has been donated to the Chief adviser's Relief and Welfare Fund

Eastern Bank yesterday announced a financial relief package worth Tk 3 crore for flood victims under its corporate social responsibility (CSR) programme in response to the devastating flash floods that have severely impacted millions across Bangladesh..The aid will be directed to the Chief

National Bank Limited opened a relocated Mazar Road branch in Dhaka yesterday..Md Touhidul Alam Khan, managing director and CEO of the bank, inaugurated the branch as chief guest, according to a press release..He expressed optimism that the quality and scope of services for customers

Rupali Bank organised its 9th extraordinary general meeting (EGM) and 38th annual general meeting (AGM) at the bank’s head office in Dhaka yesterday..Md Nazrul Huda, chairman of the bank, presided over the meeting, the bank said in a press release..Shah Alam, additional secretary of

Southeast Bank recently signed an agreement with Genex Infosys, an information technology solutions and services provider in Bangladesh..Nuruddin Md Sadeque Hossain, managing director of the bank, and Shah Jalal Uddin, managing director and CEO of Genex Infosys, penned the deal at the bank

BRAC Bank yesterday announced a financial aid package worth Tk 5 crore to support the Bangladesh Air Force (BAF) in its ongoing rescue and relief operations in flood-affected areas across the country..The decision, made with the support of the board of directors, underscores the bank’s com

The DSE Brokers Association of Bangladesh wants appointment of seven new independent directors for the DSE board

Bank accounts of their business entities will also remain frozen for the next 30 days

Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%

The board has one director and four independent directors

The panel gets 90 days to prepare and submit the paper

The previous limit was Tk 3 lakh

Customers of Shariah-based banks yesterday urged the authorities concerned to bring back funds of Islami Bank Bangladesh which have allegedly been misappropriated by S Alam Group and ensure legal steps against the group’s owner Mohammed Saiful Alam and those who abetted him..The customers,

Prime Bank announced a financial relief package worth Tk 2 crore for the flood-affected people of different districts..The bank held an emergency board meeting yesterday in response to the severe flood situation currently affecting various districts of the country, the bank said in a press

The accounts of Mintoo, his wife and son were blocked on August 1 in 2007

Bangladesh is in talks with the International Monetary Fund for an additional $3 billion loan, according to BBC and Bloomberg reports.

Bangladesh Bank (BB) is expected to hike the policy rate or repo rate by 50 basis point to 9 percent from the existing 8.50 percent next week to tame skyrocketing inflation.

The Bangladesh Bank has formed a new board of directors for crisis-hit Islami Bank Bangladesh, appointing five independent directors at the Shariah-based lender.