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Category Archives: Banking News

Bangladesh Bank nominated as AFI member Bangladesh Bank has been nominated as a member of the steering committee of Alliance for Financial Inclusion (AFI). “The governor of the Central Bank of the Philippines conveyed the information to BB governor Dr Atiur Rahman on Saturday,” BB deputy general manager GM Abul Kalam Azad who is currently in-charge of general manager (protocol) of the governor secretariat, told ... Read More »

RAKUB launches mobile banking in Rajshahi

Rajshahi Correspondent In line with other banks, Rajshahi Krishi Unnayan Bank (RAKUB) has opened mobile banking operation at its Local Principal Office (LPO) today. Dutch Bangla Bank Limited extended requisite technical support towards the venture. RAKUB Chairman Prof Dr Shah Newaz Ali opened the programme as the chief guest saying the bank has entered into a new era of banking. ... Read More »

EU hopeful of Ukraine gas deal

BBC Online The EU’s energy commissioner is hopeful of a deal between Ukraine and Russia to end their dispute over gas deliveries after three-way talks in Berlin. Guenther Oettinger outlined a plan which would see Russia supply Ukraine over the winter and into the spring. Ukraine would pay Russia $2bn (£1.2bn) of its gas debt by the end of October ... Read More »

BB to release Tk 24,000cr new notes on Sunday Bangladesh Bank will release new currency notes worth Tk 24,000 crore in the market ahead of Eid-ul-Azha, sources at the central bank official told the Daily Observer. Customers will be able to collect new notes from the Bangladesh Bank head office at Motijheel Commercial Area and 20 branches of 18 commercial banks in the capital changing old notes. A ... Read More »

Fake money circulated by dishonest bank officials

A group of unscrupulous officials from both private and state-owned banks are allegedly working in cahoots with money counterfeiters to help circulate fake notes inside the banking system. Counterfeiters reportedly pay large sums of money to management-level banking staffs to insert the counterfeit currencies inside ATM machines and bank lockers, which ensures that the fake notes are put to circulation ... Read More »

BB gets highest complaints against Sonali, IBBL, StanChart Bangladesh Bank (BB) last year received the highest number of complaints from customers against Sonali Bank, Islami Bank Bangladesh Limited (IBBL) and Standard Chartered Bank (SCB), according to a latest report of the central bank.The Financial Integrity and Customer Services Department (FICSD) of BB published the annual report for 2013-14 on the activities of its Customers’ Interests Protection Centre ... Read More »

BB seeks bank info on 13 people

Bangladesh Bank (BB) has sought information from various banks concerning accounts owned by 13 people. Two among them are Jatiya Party chief HM Ershad and Opposition Leader Raushon Ershad‘s only son Rahgir Al Mahi Ershad, alias Saad, and Arafat Rahman Coco, younger son of BNP Chairperson Khaleda Zia. The central bank‘s Bangladesh Financial Intelligence Unit (BFIU) on Thursday sent the ... Read More »

Appointment of bank directors on political consideration fails: Muhith Finance Minister AMA Muhith on Thursday said appointment of  members of the state-owned banks’ board of directors on political consideration had failed. He said the decision to appoint directors in the state-owned banks on political consideration was a wrong and failed one,’ he said emerging from a meeting of the cabinet committee on government purchase at the secretariat. Muhith ... Read More »

ECB bank-funding programme sees low take-up

BBC Online A European Central Bank measure designed to stimulate the flagging eurozone economy has seen a low initial take-up by banks. The cheap loans for European banks have been designed to encourage lending to business. But out of total loans of 400bn euros (£315bn) available on Thursday, only 82.6bn was taken up by 255 banks. However, banks may be ... Read More »

Nepalese Delegation meets BB Governor Nepalese Delegation led by Prime Minister’s Economic Affairs Advisor meets Bangladesh Bank Governor at his office on Monday and discussed different issues related to the interest of both countries. Read More »