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Category Archives: Banking News

SB chest branches to be moved in its own bldgs Bangladesh Bank has directed Sonali Bank to shift all its chest branches (ones that also keep other banks’ money) from rented buildings to the bank’s own establishments. The apex bank directive comes in the wake of daring burglaries carried out by digging tunnels into two Sonali Bank branches and online hacking.Sonali Bank is the country’s largest state-owned bank.The central ... Read More »

IMF ED meets BB Governor Executive Director of International Monetary Fund ( IMF)  rakesh Mohon called on Bangladesh Bank Governor Dr Atiur Rahman at his office on Sunday. During their meeting they discussed various aspect of economic issues.   Read More »

Jamuna Bank recommends 15pc stock dividend

Banking Desk The Board of Directors of Jamuna Bank Limited on Sunday recommended 15 percent stock dividend for the year ended on December 31, 2013. The Annual General Meeting (AGM) of the company will be held on May 8, 2014 at 10:00 am. The place of the meeting venue will be notified later on. The Record date is 16.04.2014. The ... Read More »

Al-Arafah Islami Bank okays 13.5pc bonus dividend

Banking Desk Al-Arafah Islami Bank Ltd has approved 13.5 per cent dividend in the form of Bonus Share for the year ended 31st December, 2013 in its 19th Annual General Meeting (AGM) held on March 30, 2014 at Ichamoti Hall, Hotel Agrabad, Agrabad, Chittagong. The meeting was presided over by Mr Badiur Rahman, Chairman, Board of Directors of the Bank. ... Read More »

Punish unruly banks, regain public confidence

By Hemayet Hossain RECENTLY the IMF expressed dissatisfaction over the central bank’s failure to control the state-owned banks which in turn is hampering investment and thus slowing down the GDP growth. A national English daily reported it on Friday. Bangladesh Bank is not exercising its regulatory power fully as per the amended Banking Company Act to control the state banks ... Read More »

BB Governor visits Japan Mint

BB Governor visits Japan Mint – symbolizing the long-lasting friendship and cooperation between Bangladesh and Japan Bangladesh Bank Governor Dr. Atiur Rahman  has visited Japan Mint on Tuesday  morning  during  his Japan tour. Japan mint has minted 500 million pieces 2 Taka coins in addition to 400 thousand Silver coins commomemorating 200 years of national museum of Bangladesh. ... Read More »

Govt not to accept Islami Bank’s donation for “Lakho Kanthe Sonar Bangla”

Financial News Service The government is not accepting Tk three crore donation of Islami Bank Bangladesh Limited (IBBL) for organizing “Lakho Kanthe Sonar Bangla” programme on March 26 at the National Parade Square. “It can be said unequivocally that the government is not taking any financial assistance from IBBL for “Lakho Kanthe Sonar Bangla programme,” said the ministry of finance ... Read More »

Masive irregularities:Basic Bank facing collapse

 Kazi Zahidul Hasan As irregularities galore in Basic Bank, some senior bankers and financial analysts on Thursday suggested the central bank for taking immediate steps to remove the present board of directors in exercise of the Banking Company Act. Terming the central bank’s recent move of slapping fine and posting an observer in the bank as ‘eyewash,’ they urged authorities ... Read More »

Sonali Bank’s CSR fund being misused: Barkat Chairman of Janata Bank Ltd Prof. Abul Barkat has alleged that CSR (Corporate Social Responsibility) fund of country’s biggest nationalized bank-Sonali Bank Ltd- is being misused. Chairman of Janata Bank Ltd made the allegation while speaking at the annual conference of the bank at a hotel in the capital on Thursday. CSR fund of Janata Bank is being used ... Read More »

Offloading of state banks shares to begin under present govt: FM

Finance Minister AMA Muhith on Thursday said that introducing private partnership in the state-owned banks through offloading of shares will begin within the tenure of the present government. “Such process is already in place at Rupali Bank to some extent while the opportunity is yet to be created in the rest of three state-owned banks (Sonali, Janata and Agrani). We’re ... Read More »