Rs 500 billion withdrawn by panicked customers coming back to banks: Principal Secretary to PM

The Principal Secretary to the Prime Minister has said that customers panicked and withdrew Taka 500 billion from banks after rumors of a liquidity crisis spread. Speaking on the concluding day of an annual gathering organized by the Bangladesh Institute of Development Studies, or BIDS, Ahmed Kaikous said he has started reinvesting the money after […]

Instructions have been given to bring out the real picture of Islamic Bank, others: Cabinet Secretary

When asked about the Islamic Bank, the Cabinet Secretary said, after hearing irregularities about many banks, he went to the internet and checked. He also watched some of the speeches on the states of several banks on YouTube. “Even though we have not ignored the issue. We asked them [financial institutions division and finance division] […]

Private banks hoop $837.37m remittance in Jan

Of the sum remittance of $1.22 billion in January, the top ever single-month remittance inflow, thirty in isolation blurb banks have channelled $873.37. On the alternative hand, 4 state-run blurb banks channelled $317.62 million, dual state-owned specialised banks rubbed $11 million whilst 9 foreign banks channelled $13.48 million as remittance, Bangladesh Bank interpretation shows. Sonali Bank […]

Forex pot set to tumble to shocking level

The country’s unfamiliar sell pot have been expected to tumble to an shocking level, some-more specifically, subsequent a US $9-billion mark, a executive bank source said. The volume proves unsound to encounter 3 months’ import costs by subsequent week, when a Bangladesh Bank (BB) clears a bi-monthly complement due to a Asian Clearing Union (ACU), […]

NCC Bank approves 32pc batch dividend

Dhaka, April 30: National Credit as well as Commerce Bank Ltd  has authorized 32per cent batch division (Bonus Share) for a year 2010. The capitulation was given in a bank’s 26th annual ubiquitous assembly reason during Officers Club, in a city recently. NCC Bank Vice-Chairman Md Harunur Rashid MP presided over a meetings. Directors, Sponsors, […]