Bangladesh, Nepal to use Indian grid for power trade Energy officials of Nepal and Bangladesh in a secretary level meeting have agreed to use the existing setup of Indian transmission lines to trade power in the short run. The decision came during talks between the two countries. The dedicated transmission

Dhaka stocks advance on ADR adjustment time extension by Central Bank Stocks increased for the second day on Sunday as a section of investors, encouraged by allowing banks more time for adjusting ADR, went for buying shares while many others remained cautious due to liquidity shortage in the financial sector.

Singapore keen to invest in financial sector A high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential. “There is business potential for foreign banks in Bangladesh and a few international banks already operate here,” said Teo

18 banks asked to explain $43 million LC settlement failure Bangladesh Bank has issued show-cause notices to 18 scheduled banks to explain why they failed to settle their foreign and local bills against letters of credit in due time in line with the central bank’s directives. In the notices, the

BB approves three more Private Banks The central bank has decided in principle to approve three more private commercial banks (PCBs), attaching a condition of Tk 5.0-billion set as paid-up capital instead of the existing Tk 4.0 billion. The decision was made at a meeting of the Bangladesh Bank’s (BB)