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Category Archives: Banking News

515th branch of RB opens

businessnews24bd.com Dr Ahmed Al Kabir, Chairman of Rupali Bank Ltd, inaugurated the 515th branch of the bank at Doulatpur Bazar in Manikganj on Tuesday. M. Farid Uddin, Managing Director of the Bank is seen, among others, at the ceremony.   Read More »

ADB AGM on Thursday

businessnews24bd.com The 46th Annual General Meeting of the Asian Development Bank (ADB) starts at the India Expo Centre and Mart in Greater Noida, National Capital Region in Delhi on Thursday.  The Finance Ministers and Governors of the central banks of around 25 countries will take part in the four-day meeting. The ADB has 67 member countries. The audience will include ... Read More »

Paltan JB set ablaze by Hefazat activists

  busunessnews24bd.com  The Paltan branch of state owned Janata Bank Ltd, which was set ablaze by unruly activists of Hefazat-e-Islam on Sunday.  Prof Dr Abul Barakat, chairman of Janata Bank, Dr M Aslam Alam, Secretary of Finance Ministry’s Bank and Economic Division and SM Aminur Rahman, Managing Director and CEO and other high officials of the bank visited different branches ... Read More »

Janata Bank arranges alternative for clients

 Business desk report Banking activities of Janata Bank’s Purana Paltan branch will be operated from its Foreign Trade Corporate Branch at Paltan. The bank authorities have urged its clients of the concerned branch not to be paniked and contact with the Corporate Branch for transaction. Unruly activists of the Hefazat-e-Islam on Sunday set ablaze the Paltan Branch of the bank ... Read More »

Bank of China closes account of key North Korean bank

  Banking Desk Bank of China Ltd has shut the account of North Korea’s main foreign exchange bank, which was hit with US sanctions in March after Washington accused it of helping finance Pyongyang’s nuclear weapons program.     The state-run Foreign Trade Bank had been told its transactions had been halted and its account closed, Bank of China, the country’s ... Read More »

Banks in Singapore agonise over rich clients in tax net

Banking Desk Banks in Singapore are urgently scrutinising their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients packing. The Southeast Asian city-state has grown into the world’s fourth-biggest offshore financial centre but, with U.S. and European regulators on the hunt for tax cheats, the government ... Read More »

State Bank of India files GD for damaging booth

businessnews24bd.com (from left) Miscreants damaged branches of Bank Asia, Uttara Bank, BRAC Bank ATM booth, Standard Chartered ATM booth and Janata Bank at Paltan and Motijheel areas during Sunday’s violent clash. Dhaka branch of State Bank of India Monday filed a general diary with Motijheel thana in the city mentioning its concern on the violent activities unleashed in the surrounding ... Read More »

UK banks may require deadline extension

By Tom Frew “An extension of the deadline avoids the need for a forced sale or flotation while markets are weak”. Ratings agency Fitch have today argued that Lloyds and RBS are likely to join the ranks of the banks that have had to request from the European Commission an extension of the deadline originally set for the divestment of ... Read More »

Bank of America reports Q1 income of $2.6bn

Bank of America argues that their customer strategy is working Financial News Service Bank of America Corporation has announced net income of $2.6 billion, or $0.20 per diluted share, for the first quarter of 2013, compared to $653 million, or $0.03 per diluted share, in the first quarterof 2013, compared to $653 million, or $0.03 per diluted share, in the ... Read More »

Exim Bank 1st MF subscription ends today

businessnews24bd.com The subscription of Exim Bank 1st Mutual Fund ends today (Sunday). The Tk 1.0 billion mutual fund (MF) with the face value of Tk 10 each is the first MF after the revised policy which allows that dividend should be paid in Taka or it should be re-invested or both (in cash and re-investment) with the consent of Trustee ... Read More »

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