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Category Archives: Banking News

BB issues guideline on MFS Bangladesh Bank (BB) has issued a guideline on mobile financial services (MFS) imposing some restrictions on ‘Cash In’ or ‘Cash Out’ transactions to check irregularities. In the guideline issued today, the central bank asked all banks to strictly follow its instructions about know-your- customer (KYC) for opening process of mobile accounts and no transactions can be made before the ... Read More »

PB confce on recognition of NRBs Helal Ahmed Chowdhury, Managing Director of Pubali Bank receiving award from President of FBCCI Kazi Akram Uddin Ahmed at a conference titled “Recognition of NRBs and Supportive Organizations in Bangladesh” at a city hotel recently. Bangladesh Bank Governor Dr Atiur Rahman and US Ambassador Dan W Mozena were present.   Read More »

MoU for training in financial sector signed The Bangladesh Bank Training Academy and the Bangladesh Institute of Bank Management signed a Memorandum of Understanding (MoU) on Monday for efficient training in the financial sector with particular emphasis on small and medium enterprise (SME) banking. The two institutions have long been co-operating with each other on training programs. The European Union says it would support the ‘coordination ... Read More »

Grameen Commission submits report Much-talked about Grameen Commission report has been submitted to the finance minister AMA Muhith.   The finance minister is now examining the report. After going through the report AMA Muhith is likely to talk to the journalists at his secretariat office today.   “The report of Grameen Commission is now at my hand. I’m now examining the report. It ... Read More »

Islami Bank accords reception to CDCS

Banking Desk Islami Bank Bangladesh Limited (IBBL) arranged a reception for distributing certificates among 95 Certified Documentary Credit Specialists (CDCS) of the bank at Mohammad Younus Auditorium on Wednesday. Mahbubur Rahman, Chairman, International Chamber of Commerce Bangladesh was present at the function as chief guest, said a press release. Mohammad Abdul Mannan, Managing Director of the bank presided over the ... Read More »

Governor asks banks to follow BB guidelines strictly

Banking Desk Bangladesh Bank Governor Dr Atiur Rahman urged the bankers to strictly follow the central bank’s guidelines and strengthen monitoring activities to make the organisations safe from the risk of terror financing. He said Bangladesh got the membership of prestigious Egmont Group formed with financial intelligence units of various countries to combat money laundering and terror financing. He said ... Read More »

Pubali Bank declares 10 pc cash dividend for shareholders

Banking Desk Pubali Bank Limited declared 10 percent cash dividend for its shareholders for the year ended 31st December 2012. The announcement was made at the 30th Annual General Meeting (AGM) of the bank at Bashundhara Convention Centre-2 at Baridhara in Dhaka recently. Barrister Fida M. Kamal presided over the Annual General Meeting (AGM). The shareholders unanimously approved 10 percent ... Read More »

BB asks commercial banks to lower interest rate on credit Bangladesh Bank has ordered the country`s commercial banks to narrow the spread between the rate of interest on deposit and rate of interest on credit. At the same time, the central banks asked the commercial banks to bring down the amount of default loans. Bangladesh Bank issued the directives at a meeting of bankers on Sunday. Chief Executives and ... Read More »

JCB Card’s online acquiring service launched Managing Director and CEO of Prime Bank Limited Md. Ehsan Khasru launched JCB Card’s online acquiring service, first of its kind in Bangladesh, on 20 August at the bank’s Corporate Head Office. SEVP Kazi Mahmood Karim and Head of IT SEVP Md. Iqbal Hossain, Head of Public Relations EVP Ferdousi Sultana, Head of ADC SVP Salahuddin Ahmed, Head of ... Read More »

Malpractice in appointment of officials, promotion in Basic Bank alleged

State-owned Basic Bank has been accused of putting up with large scale irregularities in appointing officials — and in promoting them. The bank was appointing and promoting ineligible persons in various important posts on its board ignoring the central bank’s directives. A recent Bangladesh Bank report found Basic Bank was not abiding by regulations of taking into consideration work experience, ... Read More »