Saturday , 22 January 2022
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Category Archives: Banking News

BB seeks security for banks as terror attacks on rise

Amid the escalating terror attacks and violence, Bangladesh Bank (BB) on Sunday wrote to Inspector General of Police (IGP) Hassan Mahmood Khandker seeking adequate security measures for the head offices and branches of all banks now operating countrywide. “The central bank has requested the IGP to tighten security measures with additional deployment of police for the head offices of all ... Read More »

Premier Bank’s Tk 250cr loan recovery uncertain Premier Bank Limited, a private commercial bank, allegedly indulged in irregularities in providing loan facilities to a businessman in a show of ‘special’ favour to him. Shahidul Haque Sikder, the owner of Sikder Apparels Hosiery Ltd and Sikder Classic Dyeing and Knitting, took Tk 250 crore from the Motijheel branch of Premier Bank several years back. The authorities of ... Read More »

BB issues guidelines on agent banking

Banking Desk Bangladesh Bank today announced guidelines on  agent banking for the banks . The order issued by the General Manager of the central bank Md Humayun Kabir was given below in details. Agent Banking means providing limited scale banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. ... Read More »

Taranco meeting AL leaders

UN assistant secretary general Oscar Fernandez-Taranco started his day in Dhaka meeting senior leaders of the ruling Awami League and the US Dhaka envoy Dan Mozena. He reached Dhaka on Friday on his second visit to Bangladesh this year to help the battling political alliance reach an agreement on how to conduct the polls peacefully and freely. Taranco met Dan ... Read More »

Depression turns into storm ‘Madi’ northwards

BBC online The depression over the southwest Bay and adjoining area moved northwards and intensified into cyclonic storm ‘Madi’ over the same area on Saturday. It was centred at 9:00am on Saturday about 1,570 kms southwest of Chittagong port, 1,500 kms southwest of Cox’s Bazar port and 1,450 kms south-southwest of Mongla port, Met office sources said. It is likely ... Read More »

Banks to remain open Friday

  All the branches of scheduled banks will remain open tomorrow (Friday). Bangladesh Bank (BB) in a special notice on Thursday directed all the scheduled banks to keep all their branches open in a bid to keep operational the much-needed transaction of business institutions, BB general manager (governor’s secretariat) AFM Asaduzzaman told UNB. The decision for the special arrangement is ... Read More »

BB Governor’s interview with the Banker: Bangladesh’s changing narrative

“Bangladesh‘s central bank governor spent an academic career championing the cause of the country’s poor. He is now – through the implementation of a number of socially responsible economic policies– putting his theories into practice, and with some success.” –    Jane Cooper   Development economics is not just about academic theory, and Dr. Atiur Rahman, Bangladesh’s central bank governor, is ... Read More »

Onion hits record high of Tk 125 a kg

businessnews24bd.ccom Onion prices in the local market hit a record high at Tk125 per kg on Wednesday evening amid a supply crunch due to the ongoing blockade called by the opposition parties, traders said. The price jumped by Tk15-20 per kg just in a matter of hours on the day due to cessation of supply to the major wholesale markets ... Read More »

StanChart wins Bank of the Year Awards

Banking Desk Standard Chartered Bank Bangladesh has won the prestigious “Bank of the year” award at The Banker Awards 2013. The award was handed over to Jim McCabe, CEO of Standard Chartered Bangladesh, at a grand gala dinner programme held at The Intercontinental Park Lane Hotel, London on November 28, said a press release on Tuesday. While receiving the award, ... Read More »

2 Shibir men in Satkhira, 1 BNP man in Ctg killed At least two activists of Islami Chhatra Shibir were shot dead and10 others received bullet injury in a clash with police and Border Guard Bangladesh (BGB) members at Sakhipur intersection under Debhata Upazila in Satkhira district on Tuesday morning. The deceased were identified as Hossain Ali (19), son of Rajabali Ali of Ghughudanga village, and Arijul Islam (13), son ... Read More »