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Four state-owned commercial banks submit reform plan on Jan 2

Four state-owned commercial banks submit reform plan on Jan 2

Four state-owned commercial banks would place initial business and automation plans to the Banking and Financial Institutions Division today as part of complying conditions under their recapitalisation programme, officials said.…

IPDC chief warns unrelenting political turmoil will affect non-bank financial institutions

IPDC chief warns unrelenting political turmoil will affect non-bank financial institutions

The financial sector is likely to record underwhelming earnings for 2014 if the political situation does not improve soon, said the managing director of IPDC, a top non-bank financial institution.…

Bangladesh bank sits today to devise an incentive plan for business

Bangladesh bank sits today to devise an incentive plan for business

The country’s banks are facing difficulties to meet the businessmen’s demands for low cost finance as a contingency measure to help overcome the setback in business due to the prolonged…

Political unrest holds back potential of new banks

Political unrest holds back potential of new banks

AKM Shahidul Haque, managing director of Midland Bank, has said the ongoing political unrest in the country is holding back the potential of new banks. He has also talked about…

Bangladesh Bank to introduce ‘Inter-bank transaction matrix’

Bangladesh Bank to introduce ‘Inter-bank transaction matrix’

DHAKA, DEC 19: With an aim to prepare banks and non-bank financial institutions (NBFIs) for withstanding financial crisis and make them aware of potential threats, endogenous or exogenous, Bangladesh Bank…

Prime Bank signes a MoU with The Bank of Tokyo Mitsubishi UFJ Limited (BTMU)

Prime Bank signes a  MoU with The Bank of Tokyo Mitsubishi UFJ Limited (BTMU)

Prime Bank Limited signed a Memorandum of Understanding (MoU) with The Bank of Tokyo Mitsubishi UFJ Limited (BTMU), a leading bank in Japan, with the purpose of supporting Japanese companies…

Bangladesh is an important market for Standard Chartered

Bangladesh is an important market for Standard Chartered

Standard Chartered Bank has been able to sail through difficult times in different markets across the globe with distinctive features as it has continued to play its dual role of…

bKash eyes to be the largest m-banking service provider company in the world

bKash eyes to be the largest m-banking service provider company in the world

bKash Limited is looking to become the largest mobile banking service provider company in the world within the next few years, chief of the company said. “Branded itself as the…

‘Demand for loans from the businesspeople has recently declined amid dull business situation’

‘Demand for loans from the businesspeople has recently declined amid dull business situation’

Mohammed Haider Ali Miah, managing director and chief executive officer of EXIM Bank, told New Age in a recent interview that the current political unrest put an upsetting impact on…

Cost of funds index launched for non-bank financial institutions

Cost of funds index launched for non-bank financial institutions

The central bank yesterday introduced a cost of funds index (COFI) for non-bank financial institutions, which would help the institutions set base interest rates properly for borrowing and lending and…