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Category Archives: Banking News

BRAC ED among 500 most influencials in world

  Banking News  Desk BRAC Executive Director Mahabub Hossain has been adjudged as one of the 500 most influential persons on the planet by the Foreign Policy magazine. He is the only Bangladeshi to have earned this distinction. India’s Prime Minister Manmohan Singh and Congress President Sonia Gandhi are also on the list. An internationally acclaimed progressive economist, Mahabub Hossain ... Read More »

StanChart signs MoU with BTI

businessnews24bd.com Standard Chartered Bank has signed a memorandum of understanding (MoU) with Building Technology & Ideas Limited (BTI) at the bank’s head office in the city on Monday to provide exclusive benefits to individuals. Gitanka D Datta, head of Mortgage & Auto, Standard Chartered Bank and Ashique Un Nabi, executive director of Marketing and Brand of BTI signed the agreement ... Read More »

Banks to raise Tk 100cr to help Savar victims

businessnews24bd.com Banks have agreed to create a Tk 100 crore fund to help the victims of Savar tragedy and tackle such disasters in future, directors and bankers said yesterday. The decision came at a meeting between Bangladesh Bank and bankers and owners of commercial banks at the BB headquarters in Dhaka, with Governor Atiur Rahman in the chair. Bangladesh Association ... Read More »

Plea to amend Bank Company Act to end dual control on banks

Speakers at a discussion meeting Saturday pleaded for amendment of the Bank Company Act to end dual regulatory control on the banking sector for good governance in the sector. They expressed fears that the newly-licensed banks will bring unhealthy competition in the financial sector. “There was no need to license new banks in this state of the economy. These politically ... Read More »

Formal opening of BB’s digital activities today

 businessnews24bd.com Prime Minister Sheikh Hasina will inaugurate the digitisation programme of Bangladesh Bank (BB) today (Saturday) at a function at the Bangabandhu International Conference Centre. As part of the vision to build a poverty-free, digital Bangladesh through automation and financial inclusion in the banking sector, the central bank took up the programme. The Prime Minister will formally inaugurate a total ... Read More »

BB warns RB for failure to recover default loan

Financial News Service Bangladesh Bank (BB) on Thursday warned Rupali Bank for its failure to recover the defaulted loan from the top 20 defaulters in last year, said officials of the central bank. It (BB) also asked the bank to take necessary measures to recover such loans and keep required provision against the defaulted loan in line with the banking ... Read More »

DBBL, Airtel Jaago Foundation sign agreement

businessnews24bd.com Dutch-Bangla Bank (DBBL), Airtel Bangladesh Ltd. and Jaago Foundation have recently signed an agreement on mobile banking services at the mobile banking office of DBBL. Rubaba Dowla, chief service officer and head of m-commerce of Airtel, Korvi Rakshand, Founder of Jaago Foundation and Mir Mominul Huq, head of Mobile Banking Division of DBBL signed the agreement. The agreement will ... Read More »

Bank loans for fruit growers from next fiscal

Banking Desk The Bangladesh Bank (BB) has planned to bring more farm products under the farm and rural credit policy to support growers for cultivation of local fruits such as malta, hog-plum and safeda. “Growers of these fruits will be given credit support from the fiscal year 2013-14, because such credit facilities would encourage farmers to cultivate local fruits which ... Read More »

Shahidul Haque new MD of Midland Bank

businessnew24bd.com AKM Shahidul Haque has been appointed managing director of Midland Bank Limited recently, says a bank press release. Prior to this, he was the managing director Mercantile Bank Limited. Haque started his banking career as probationary officer of Rupali Bank. He also served National Bank Ltd and Prime Bank Ltd in different positions. He has taken Bank Management training ... Read More »

NBL organises workshop on risk management

businessnews24bd.com National Bank Training Institute and Risk Management Unit of National Bank Limited organised a day-long workshop on “Risk Management at NBL” in the city recently. Neaz Ahmed, managing director of National Bank inaugurated the workshop as chief guest while Shamsul Huda Khan was present as special guest. Syed Mohd. Bariqullah, SEVP & head of Risk Management Unit and Md ... Read More »

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