BB restricts lending activities of six S Alam-linked banks

The banks are: Islami Bank Bangladesh, First Security Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, and Bangladesh Commerce Bank
19 August 2024, 09:05 AM

Gold now Tk 122,985 a bhori, a historic high

The Bangladesh Jewellers Association (Bajus) raised gold price with effect from today
19 August 2024, 08:01 AM

Six banks still in shortfall despite BB support

Six banks including four Shariah-based ones are still facing a deficit in their current accounts with the central bank despite special liquidity support.
18 August 2024, 21:00 PM

Sonali Bank asked to show Orion’s loan as defaulted

The Bangladesh Bank instructed state-run Sonali Bank to classify the Tk 106 crore loans taken by Orion Infrastructure Ltd as defaulted since the client repeatedly failed to repay on time.
18 August 2024, 18:00 PM

Salim Rahman elected as chairman of Al-Arafah Islami Bank

Salim Rahman was elected as the chairman of Al-Arafah Islami Bank in the bank’s 403rd meeting of the board of directors in Dhaka yesterday..Rahman had been serving the bank as a director for 24 years, the bank said in a press release..Currently, he is the managing director of KDS Gro
18 August 2024, 15:29 PM

Southeast Bank organises ‘Business Review Meeting’

Southeast Bank recently organised its monthly “Business Review Meeting-2024”..Nuruddin Md Sadeque Hossain, managing director of the bank, presided over the meeting at the bank's head office in Dhaka, according to a press release. .The bank’s recent business performance was reviewed,
18 August 2024, 15:23 PM

Citizens Bank, OneWorld InfoTech sign deal on security operation centre

Citizens Bank recently signed an agreement with OneWorld InfoTech, a global IT solution and services provider, for the implementation of a Security Operation Centre (SOC)..Mohammad Masoom, managing director and CEO of the bank, and Maruf Ahmed, global director and CEO of the solution provi
18 August 2024, 15:16 PM

Banks asked to freeze accounts of Harun, his wife

Harun or Rashid has recently been transferred from the detective branch to the crime and operations department
18 August 2024, 11:32 AM

Palli Sanchay Bank officials demand removal of managing director

Sheikh Md Jaminur Rahman and his associates used political ties to establish dominance in the bank
18 August 2024, 09:25 AM

Amnesty for black money should not exist: new NBR chairman

Today was the first day for Abdur Rahman Khan as NBR chairman
18 August 2024, 08:41 AM

Loans from Janata, NBL: S Alam, Nassa got Tk 2,544cr waiver in breach of rules

Chattogram-based conglomerate S Alam Group and garment manufacturer Nassa Group were given interest waivers amounting to Tk 2,544 crore bypassing banking rules, in a testament to the outsize influence oligarchs had on the banking sector during the Awami League-led government of the past 15 years.
15 August 2024, 18:00 PM

Salman used clout to help businesses secure loans

Salman F Rahman is known for using his influence to get bank loans for Beximco Group by bending rules, but documents seen by this newspaper have revealed how he helped others secure credit, or at least tried to.
15 August 2024, 18:00 PM

Provide info on bank accounts of S Alam, family

The National Board of Revenue (NBR) has asked for bank account details of Chattogram-based businessman Mohammed Saiful Alam and his family members to check if they have been paying their taxes properly.
15 August 2024, 18:00 PM

Dhaka Bank obtains ISO cybersecurity certification

Dhaka Bank recently achieved a significant milestone by obtaining the ISO certification for advanced cybersecurity standards..Conferred by the International Organization for Standardization (ISO), this certification provides a comprehensive framework designed to help organisations safeguar
15 August 2024, 15:35 PM

Banks asked to freeze accounts of Shafiqul Islam Shimul, family members

Transactions in their accounts will remain suspended for 30 days
15 August 2024, 14:31 PM

NBR seeks bank details of S Alam, his family members

The tax zone 15 of the tax administrator sent letters to 91 banks and financial institutions
15 August 2024, 11:19 AM

BB officers’ council demands full autonomy of Bangladesh Bank

The council also recommended amendment to the Bangladesh Bank Order 1972
15 August 2024, 09:52 AM

Uncertainty remains heightened in Bangladesh amid political transition: Fitch

The American rating agency assumes the effects to be temporary, and that political stability is restored and sustained
15 August 2024, 08:25 AM

Beximco leaves Janata Bank in poor health

What is the purpose of a single borrower exposure limit? It is to ensure that a bank’s fortune is not tied to the ebb and flow of a conglomerate’s business.
14 August 2024, 18:00 PM

Nazrul Huda becomes Rupali Bank chairman

Nazrul Huda, a former deputy governor who served the Bangladesh Bank for 35 years, was appointed as director and chairman of Rupali Bank for the next three years..The Financial Institutions Division of the Ministry of Finance issued a circular to this end yesterday..The post had been
14 August 2024, 14:23 PM