Banking

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    Faridul joins as UBL AMD

    Business Desk | Updated at 12:00am on May 23, 2019

    Syed Faridul Islam has joined United Commercial Bank as the additional managing director recently, said a press release. Prior to his joining UCB, he was...

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    Iftekhar reappointed EBL MD

    Business Desk | Updated at 12:00am on May 23, 2019

    Ali Reza Iftekhar has been reappointed as the managing director and CEO of Eastern Bank Limited for another three years, said a press release.He has...

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    Philippines charges five RCBC officials over $81m BB theft

    Business Desk | Updated at 12:00am on May 23, 2019

    Philippines Department of Justice has charged five officers of the Rizal Commercial Banking Corp (RCBC) with money laundering in connection with the cyber theft of...

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    Agent banking deposit grows by 20pc in Jan-Mar

    Staff Correspondent | Updated at 12:00am on May 23, 2019

    Deposit in the agent banking accounts rose by 20 per cent or Tk 622 crore in January-March 2019 amid banks’ increased focus to the system.Customers...

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    BB releases new Tk 1,000 note tomorrow

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on May 22, 2019

    Bangladesh Bank (BB) is going to release new Tk 1000 note on Thursday aimed at strengthening the security features of the high value currency.The measurement...

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    Pakistan central bank lifts interest rate as inflation bites

    Reuters . Islamabad | Updated at 12:00am on May 21, 2019

    Pakistan’s central bank raised its key interest rate to 12.25 per cent on Monday, warning that already soaring inflation risked further rises on the back...

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    Azizul elected Pubali Bank chairman

    Business Desk | Updated at 12:00am on May 21, 2019

    M Azizul Huq has been elected as the chairman of Pubali Bank at its 1200th board meeting, said a press release. He started his banking...

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    BB asks banks to disburse agri loan among Fani victims

    Staff Correspondent | Updated at 12:00am on May 20, 2019

    Bangladesh Bank on Sunday asked all scheduled banks to disburse agriculture loans among the victims of cyclone Fani 19 districts. Agricultural Loan Department of the...

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    Limit on transaction thru bank-backed MFS raised

    Staff Correspondent | Updated at 12:00am on May 20, 2019

    Bangladesh Bank on Sunday raised the limit on transaction though mobile financial services following demands from the MFS operators.In 2017, the central bank lowered the...

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    Italy central bank to spurn firms that don’t go green

    Reuters . Rome | Updated at 12:00am on May 19, 2019

    The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and...

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